Footsie 100 shows post-Brexit growth
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