Foot­sie 100 shows post-Brexit growth

Harefield Gazette - - OPINION -

THERE is no doubt that the stock mar­ket ‘crashed’ on June 23 when we, the elec­torate, sent a clear mes­sage to the gov­ern­ment to get us out of the EU. The crash was mi­nor, com­pared to the ‘shock waves’ else­where in the EU, and re­cov­ery swift.

So why are we not be­ing told more forcibly by the me­dia that our FTSE 100 (the so-called “Foot­sie 100”) is al­ready back well above pre ref­er­en­dum lev­els (up by 3.8 per cent) and is the only ma­jor stock mar­ket in Europe to be show­ing huge growth?

For com­par­isons fig­ures re­leased on Satur­day July 2 showed that the DAX (Ger­many) was still down by 4.7 per cent, the CAC (France) was down by 4.3 per cent and the Dow-Jones (USA) was also down by 0.4 per cent.

Al­ready the fi­nan­cial ben­e­fits of Brexit to the UK are shin­ing through and can surely only im­prove as time goes on.

On Oc­to­ber 20, 2014 David Cameron said “The Bri­tish peo­ple are my only boss” and there can be no doubt that your bosses sent you a sim­ple mes­sage in writ­ing on June 23; “Get us out of the EU now”. “Now” does not mean next year.

There can be no clearer mes­sage than these stock mar­ket re­ac­tions that leav­ing the EU is a force for good so far as our coun­try is con­cerned and we should ac­cept no more de­lays from David Cameron over im­ple­ment­ing Ar­ti­cle 50.

Wait­ing for a new Prime Min­is­ter to do the job is a pa­thetic ex­cuse for in­ac­tion, not a good rea­son. My guess is that “Dave” is hop­ing the de­lays will cause the time limit for with­drawal (March 31, 2017) to pass be­fore he, or his suc­ces­sor, has to take ac­tion. Af­ter that date leav­ing the EU will be sub­ject to a ‘ma­jor­ity de­ci­sion’ by other mem­bers and un­likely to hap­pen. CLIFF DIXON Chair­man UKIP Hilling­don Branch

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