Telegraph article on Brexit outcomes....

Redwurzel said:
Yes - I would not disagree, except the first point possibly - some may argue our domestic market was the EU and EEC - 1973-2016 or it should have been which is just as big as the USA.

The main issue is why do all the differences exist - In 1870 Britain was technically and business wise well ahead of the USA. I would say we have to look deeper.
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A small island with few natural resources and a need to export finished goods versus a continental landmass with vast natural resources and a huge internal market. Just a matter of scale really.

If only there was a conveniently located large internal market that the UK could become part of.
 
Admittedly not much of a data point but I looked at my pension today, which is invested in a few different funds(mainly shares in different markets). In the last 12 months(following a period when stocks took a hammering post Truss):

USA fund - up 22%
'Global' - up 13%
Europe (excluding UK) - up 9%
Emerging Markets - up 6%
UK - up 1%
Gilts - down 5% (still suffering from Truss?)

On a very simplistic view, that says we're not doing very well......
 
GingerTravel said:
Admittedly not much of a data point but I looked at my pension today, which is invested in a few different funds(mainly shares in different markets). In the last 12 months(following a period when stocks took a hammering post Truss):

USA fund - up 22%
'Global' - up 13%
Europe (excluding UK) - up 9%
Emerging Markets - up 6%
UK - up 1%
Gilts - down 5% (still suffering from Truss?)

On a very simplistic view, that says we're not doing very well......
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On that note I read on twitter today (respected tweeter) that the UK gov is considering legislation to make investing in overseas funds less profitable in order to encourage investment in the UK. What could possibly go wrong?
 
GingerTravel said:
Admittedly not much of a data point but I looked at my pension today, which is invested in a few different funds(mainly shares in different markets). In the last 12 months(following a period when stocks took a hammering post Truss):

USA fund - up 22%
'Global' - up 13%
Europe (excluding UK) - up 9%
Emerging Markets - up 6%
UK - up 1%
Gilts - down 5% (still suffering from Truss?)

On a very simplistic view, that says we're not doing very well......
Click to expand...
The USA fund has risen because fo the Magificant Seven (Alphabet, Apple, Microsoft, Meta, Netflix, Tesla, Amazon) and I mentioned in previous post.

UK stock market has practically no tech shares which goes back to fundimental problems in the UK.

The UK is not a small island based on global influence and wealth we are in in the Group of 7 and 16th in the World on Wealth. We are held back though by our lack of global tech companies. Having a population of 65m has not stopped us having global banks and Diageo probably the biggest drinks company in the World. You don't have to be in a large country to have successful tech companies ask Samsung and Taiwan Semiconductor Coroporation (biggest chip manufacturer in the World).
 
GingerTravel said:
Admittedly not much of a data point but I looked at my pension today, which is invested in a few different funds(mainly shares in different markets). In the last 12 months(following a period when stocks took a hammering post Truss):

USA fund - up 22%
'Global' - up 13%
Europe (excluding UK) - up 9%
Emerging Markets - up 6%
UK - up 1%
Gilts - down 5% (still suffering from Truss?)

On a very simplistic view, that says we're not doing very well......
Click to expand...
This is the thing isn’t it, be pretty much a measure brexit has made us worse off. And the guys who were conned will still argue it’s x or y or z. That’s my worry about Brexit. We know it’s damaging the country in every way and some aspects of it need reversing. But whilst the Brexit conned are still failing to accept it and trying to make desperate excuse I worry that there is no political incentive to push for reversing it. I think that’s why I get so frustrated with the brexitists on here. I get that they were conned originally, everything was lies leading up to the referendum. And that’s fine. What frustrates me is that now they have put our country in such a mess they won’t admit it. For whatever reason they ignore all the problems and still defend it. They keep the country on its knees.
 
BBC market summaries

I am not sure if tech/lack of tech is the whole story. Last 5yrs cumulative growth in various stock markets:

FTSE +8% (? better in yr post office account)
EuroStoxx +48% (even within this CAC40 +50%. Is the French Market more tech heavy than the UK? I don't know)
Dow +52%

The FTSE 100 can be a bit skewed because of its composition (e.g. a few big mining companies), but even the more domestic FTSE250 is actually down 0.3% in this period.

Of course 'tech' has a strong effect (the NASDAQ is +115% in the last 5yrs), but the UK equity markets are unusually badly performing.
 
Redwurzel said:
Yes - I would not disagree, except the first point possibly - some may argue our domestic market was the EU and EEC - 1973-2016 or it should have been which is just as big as the USA.
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That's true but the US market is huge, far bigger than the UK. Europe is indeed just as big but not as homogenous because of the different languages. So companies like Microsoft were already billion dollar firms before they sold anything in France or Germany. It's harder for UK firms to get to the same level before they have to start translating software (if it is software) or manuals or German keyboards etc. It's much easier for US firms to grow into Europe than European firms to grow into the US.
 
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