UK’s bright fu­ture

Daily Mail - - News -

TWENTY-FIVE years ago to­day, Bri­tain crashed out of the Euro­pean Ex­change Rate Mech­a­nism – the pre­lude to the euro. the Ma­jor gov­ern­ment was hu­mil­i­ated, the pound was de­val­ued overnight by 15 per cent and most econ­o­mists pre­dicted a pro­tracted slump.

But, sur­prise, sur­prise, the lower pound led to a surge in ex­ports and three years later the econ­omy was boom­ing.

Fol­low­ing the Brexit re­sult, a sim­i­lar de­val­u­a­tion has hap­pened and all the indi­ca­tors are that it’s hav­ing the same ef­fects, with fig­ures pub­lished yes­ter­day show­ing that ex­ports have risen by 9 per cent in the last year.

De­spite this, not a day goes by that the BBC, Fi­nan­cial times or Con­fed­er­a­tion of Bri­tish In­dus­try don’t paint an apoc­a­lyp­tic picture of Bri­tain’s fu­ture out­side the EU. th­ese or­gan­i­sa­tions are con­stantly talk­ing this coun­try down at the very time it’s cru­cial we should be show­ing unity.

For a very dif­fer­ent per­spec­tive, read the in­ter­view with sir James Dyson – ar­guably Bri­tain’s great­est liv­ing in­dus­tri­al­ist – on pages 42-43.

For him – and for many other dy­namic busi­ness lead­ers – Brexit is not a prob­lem. It’s a mas­sive op­por­tu­nity.

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