Wednesday, June 15, 2016

In London forecast world economic upheavals and emergency budget if he wins the “brexit” – Telam

The effects will affect various economic sectors, ranging from financial services to health care, with a scenario of budgetary emergency.

, the Conservative George Osborne, Britain’s finance minister came to the crossing in full campaign for the referendum June 23 and said-if he wins the “brexit” – can be forced to implement an “emergency budget” with consequences for public spending and finance people

with the advance in surveys support “brexit” Osborne revealed contingency measures to deal with the shock that may suffer the public coffers if successful exit, then calculates a “black hole” of 30,000 million pounds (44,000 million dollars) and rises in taxes on alcohol, fuel and rents.

in hard numbers, for the London-based consultancy the Economist Intelligence Unit, “the economy would contract by 1% in 2017″ and growth would be “hampered by uncertainty, could also alter the consumer and market confidence,”

 causing a devaluation of between 14% and 15% of the pound against the US dollar in 2016.

In the midst of an aggressive campaign where permanence is at a disadvantage among voters, Osborne admitted harshly that ” reality is that the economy will suffer a blow “and that is their” responsibility “warn of the consequences of leaving the European bloc.

Specifically, for the minister,” brexit “cause” a drop in investment by businesses and fewer jobs, which will be a tough hurdle for families, “he said the news agency EFE.

the report compiled by the economist Intelligence Unit, which Telam had access, a “post-brexit” landscape where the impact on industrial sectors is analyzed, financial services and health care is explored.

“the claims of those who advocate staying in the EU may seem alarmist but the fact is that a vote to leave would have a political and economic very negative impact, “said Danielle Haralambous of consultancy.

for her, the negotiation process before the departure would create” a period of uncertainty, for both consumers and investors “, the British pound weakened and prices would rise mainly because trade with its European counterparts become more complex.

the analyst argues that investment decisions and spending would hit the real GDP growth in 2017 at a cost of 6% in 2020.

the possible situation was reinforced by the words of Minister Osborne today went on to say that at the stage of “brexit” its liability will “seek to restore the stability of public finances that would make emergency budgets, tax increases and spending cuts.”

Haralambous added that the impact on particular industries would vary but would largely negative with some sectors that are more protected than others.

the financial area of ​​the UK, pointed out the specialist, it would be “particularly exposed” to the loss of global markets and this sector installed London could experience a “brain drain”.

German experts assured today that London would lose its position as most important continent for Frankfurt financial center “will benefit as a financial center of an exit Kingdom Kingdom of the EU, “said Stefan Winter, the Swiss bank UBS.

with prudence, the German felt that, in case of” brexit “business with customers in the EU should” move with his staff and infrastructure from United Kingdom to the EU, and most likely they did to Paris, Dublin or Frankfurt “

the retail also suffer. By becoming more complex supply chains and increasingly differentiated rules, consumers enter into a context of uncertainty and sales would decline by 3% next year.

“To this the impact joins in the automotive industry, an exit from the EU could create opportunities for car manufacturers in the UK, but supply chains would experience disruption and sales ‘onine’ fall with the economy, “illustrated the analyst

.

also he warned that could be at risk exports of pharmaceutical products, access to medicines and aid to research and quipped: “any economic slowdown would also affect the financing of social security”

investments in telecommunications and income category would see only a slight decline, but also have uncertainties about rates that would apply in the case of “roaming”.

to George Lacobescu, President and CEO (CEO) of Canary Wharf Group, Britain’s biggest real estate company, international companies are based in London, did it for accession to the EU.

And warned in his column in the local newspaper Evening Standard that if “the UK goes, our competitors on the continent will move to attract new investments and companies based here will be”.

in fact, the mayor of Paris, Anne Hidalgo said will “extend the red carpet” to companies who want to return and opined Lacobescu- Russia “will further extend its influence over its neighbors. We must maintain a strong bond with our partners to ensure this does not happen. The UK is safer in the EU and the EU is stronger with the United Kingdom in it, “concluded

Even with this scenario in the economic sector. Support for the” brexit “among British he advanced in recent polls with a lead of seven points compared to those who ask to stay in the bloc.

a few days of this plebiscite, economic horizons moved to the purely political arena and today 57 conservative MPs Eurosceptics vowed to block any attempt by the government to impose a “punishment” for voting for the exit.

Chris Grayling, representative of the government in the House of Commons, said the UK can complete the withdrawal of the European bloc “for 2019, if he wins the exit” and “saw no practical reasons why still we should be in the EU in the next general elections in 2020″.

Prime Minister David Cameron backed Osborne and assured that there will be “a consequence for public finances if our economy does not work very well.” And mentioned that the price of the pound “could fall and go up the cost of living”, appropriated news agency DPA.

From the opposite sidewalk, Nigel Farage, leader of the anti-European party UKIP, he urged voters to “ignore Osborne and his fantastical budget.” And he said in triumphalist tone: “After the” brexit minister will not be long “

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