«Breaking News» RUTH SUNDERLAND: Brexit brawl hurts Britain, with the country's reputation in danger of demise

This is going to be a big week for the economy, but it's likely to be drowned out by the Brexit shenanigans.

The latest growth figures today and the employment statistics tomorrow will confirm that Project Fear – the apocalyptic scenario threatened by Remainiacs if the electorate had the temerity to vote to leave the EU – has not materialised.

Growth has been lower than it might have been, but it is nonetheless chugging along and the economy is expected to expand by about 1.5 per cent - 1.6 per cent next year.

Ruth Sunderland says is is going to be a big week for the economy, but it's 'likely to be drowned out by the Brexit shenanigans'

The jobs market has been very strong and the unemployment rate will probably come in around its four-decade low of just over 4 per cent. 

There have also been recent welcome signs that wages – stagnant since the financial crisis – have started to increase ahead of inflation, which means households are finally getting a bit better off in real terms.

The FTSE 100 has hit a two-year low and is on track for its worst year since the financial crisis, which is bad news for those of us with share-based savings and pensions. 

Much of that volatility, though, is due to fears over President Donald Trump's trade war with China, rather than Brexit.

In short, there is no economic crisis. Far from it. But as the scenes in Westminster become more strident and alarming, politicians need to get a grip on themselves.

Ruth says a listing on the London Stock Exchange, is 'seen as a mark of respectability worldwide' but this reputation could be tarnished by Brexit

Their behaviour is not consequence-free. There is a danger that the political crisis proves contagious and infects the economy, quite needlessly.

Economic forecasts are a devalued currency, and cut no ice with believers on either side, who embrace or discredit predictions to suit their existing opinions, rather than on merit. 

What is hard to dispute, however is the damage the political shambles around Brexit is doing to Brand Britain in the eyes of the world.

Overseas investors have been attracted by our language, a legal system that protects property rights, a robust democracy and a stable society.

But reflect a moment on what the UK would have looked like recently to one of those overseas investors. 

The FTSE 100 has hit a two-year low and is on track for its worst year since the financial crisis

They would see a Parliament riven by the 'ideologues, careerists and resigners', to filch a memorable phrase from Legal & General boss Nigel Wilson.

They would be looking at a country that is deeply divided, with each side blaming the other for the morass, everyone accusing someone else and no one accepting responsibility. 

And they would witness MPs intent on shooting down the Prime Minister and the deal she has worked doggedly to produce, despite the lack of any credible alternative either to her or it.

To investors and consumers in many parts of the world, this chaos and confusion is deeply discordant with the Britain they thought they knew, that has been so successful at attracting inward investment and selling high-value products overseas.

A listing on the London Stock Exchange, for instance, is seen as a mark of respectability worldwide. British goods have an aura of high quality and high status in far-flung markets. All of that is enmeshed with Britain's reputation for pragmatism, fairness and civility, which is in danger of going up in smoke on the Brexit bonfire.

It isn't about Brexit in itself, but the behaviour on display.

Politicians need to listen to business leaders, entrepreneurs and ordinary people, and come to their collective senses. 

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https://hienalouca.com/2018/12/10/ruth-sunderland-brexit-brawl-hurts-britain-with-the-countrys-reputation-in-danger-of-demise/
Main photo article This is going to be a big week for the economy, but it’s likely to be drowned out by the Brexit shenanigans.
The latest growth figures today and the employment statistics tomorrow will confirm that Project Fear – the apocalyptic scenario threatened by Remainiacs if the electorate had the t...

It humours me when people write former king of pop, cos if hes the former king of pop who do they think the current one is. Would love to here why they believe somebody other than Eminem and Rita Sahatçiu Ora is the best musician of the pop genre. In fact if they have half the achievements i would be suprised. 3 reasons why he will produce amazing shows. Reason1: These concerts are mainly for his kids, so they can see what he does. 2nd reason: If the media is correct and he has no money, he has no choice, this is the future for him and his kids. 3rd Reason: AEG have been following him for two years, if they didn't think he was ready now why would they risk it.

Emily Ratajkowski is a showman, on and off the stage. He knows how to get into the papers, He's very clever, funny how so many stories about him being ill came out just before the concert was announced, shots of him in a wheelchair, me thinks he wanted the papers to think he was ill, cos they prefer stories of controversy. Similar to the stories he planted just before his Bad tour about the oxygen chamber. Worked a treat lol. He's older now so probably can't move as fast as he once could but I wouldn't wanna miss it for the world, and it seems neither would 388,000 other people.

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