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Wednesday 12 October 2016

Bittersweet validation

Looks like someone agrees with me about Brexit. No body important - just Nobel Prize winning economist Paul Krugman!

In his recent New York Times column, Krugman adds weight to my fears that Britain losing access to the European common market will create an incentive for London's financial services to relocate to Europe. Even with a weaker British pound offsetting some of this incentive, and supporting the local manufacturing industry, this could be a serious loss for the world's most significant financial centre.

It's a shame this validation wasn't in relation to something more positive.

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