If anything the pound needs to be deprecated. The reason BMW and VW have built factories here is due to the US dollar being what it is. Inflation encourages that kind of investment. Not to mention tourism.
About a year or longer ago I predicted that if the UK leaves the EU, it will become the next cheap labour country. I think people laughed at me back then.
However, let's not forget that the UK has not left the EU yet. And I have serious doubts it ever will, no matter the result of the plebescite. It simply is not in their own interest. Period. The only thing I am eager to know now is how they're going to sell it to the those Britons who voted leave or -- maybe more precise -- who voted to leave and
really meant it.
In the meantime, uncertainty reigns. Uncertainty is poison for an economy. Pound is down to 1.17 Euros now. An end of the fall is not in sight but it might slow down now, after the first shock is over. What Britain desperately needs now, is a sign of confidence and optimism. But the performance of British politics at the moment isn't really suited to arouse some trust...
So long as the EU doesn't impose fuck you import taxing, it shouldn't be much different.
Nah, that would be silly. In the end there will be a treaty if Britain really left, much like the one Norway or Switzerland have.
But it would take years to negotiate it -- mainly because it will be hard,
very hard, making British politicians understand that without being an EU member, you haven't got any leverage anymore. From an EU perspective, Great Britain (or what's left of it) would be an outside country, like Turkey or the Ukraine. And the expectations that the end result of that treaty will be equal or even better to what Britain has now, are fatuous.
The EU will be forced to negotiate very hard, not because it wants to but to give an example to other countries' populists that leaving the EU is a very bad idea. As I repeatedly said: The end result will probably be that Britain has to follow EU rules anyway (like Switzerland and Norway have to) but with no influence in EU matters anymore. And it might be more expensive, too, since no money is coming back from Brussels.
Now let's get on with it and let's hope that British tabloids, politicians and "leave" voters will soon stop kidding themselves and arrive in reality.