Brexit vindicated as MEP pinpoints reason UK made 'right choice' despite EU 'sabotage'

"Italy - no growth since it joined the Euro 22 years ago (China is up 13 fold), debt up to 152.6% of GDP, youth unemployment averaging a surreal and totally unacceptable 35% since 2011, and the ECB the only buyer of Italian debt for over a decade! How has the Euro and overpriced, highly protectionist single market been good for Italy?

The reality is that the single market and Euro have been catastrophically bad for Italy - now with inflation nearly 5 times the ECB's target, forcing the ECB to aggressively increase interest rates for the first time in 12 years while the EU is sailing into the teeth of a largely self created recession(good luck with that!), add on the nearly 3 trillion euro's of worthless Southern Nation 'junk bonds' on the ECB's books that no investor in their right mind would touch with a bargepole...put that lot together and you've got the perfect recipe for yet another socialism fuelled European debt crisis.

Expect the Euro, already at parity with the USD, to be trading at a substantial discount to it by the end of the year."  

"London has retained its crown as the world’s top destination for financial and professional services in terms of its overall offering in another boost for the City. The Square Mile outperformed other major financial hubs, including New York, Singapore and Paris, as firms quickly adapted to Brexit, according to a new report by the City of London Corporation. 

The study examined the global business offering of each city, taking into account 95 metrics including those in nascent fields such as green finance activity.  It found that the City had an “unmatched international financial reach”, while it also excelled as a hub for tech and innovation and its share of headquarters of Fortune Global 500 companies rose by a third over the past year. It also remained Europe’s leading destination for investment in financial services and was the world’s leading foreign exchange trading centre.

The City was given an overall competitiveness score of 61, followed by New York on 58 and Singapore on 53. Paris received a score of just 41." 

Express

"British companies have raised over $30 billion in funding in 2021, more than twice that they raised last year. Our tech companies have raised more finance than any other country in Europe and behind only the US and China. Among the successes are Revolut, a banking app company which is now worth $33 billion and Hopin, which organises online events and is now worth $7.8 billion.

Measure investments in start-ups on a per capita basis and two of the top four countries in Europe are outside the EU. First comes Estonia on 1,967 euros per head investment in 2021, followed by Sweden on 1,769 euros, followed by Switzerland on 1,414 euros and the UK on 1,112 euros. France is on 470 euros and Germany on 440 euros."