The brexit is already a blow to the UK economy. While growth projections plunging, the Bank of England took the rate to its lowest level ever. “This is alarming, but the Belgian economy can prepare”, says Economy Minister Kris Peeters (CD & amp; V)
Economists had predicted, politicians had warned. But now the economic impact of the brexit be clear, it is hard awakening. feel free to call the situation historically. The Bank of England has revised the growth forecast for next year from 2.3 to 0.8 percent. It is the largest tuimelperte in the official forecasts, made since 1993. The confidence of consumers and entrepreneurs burps back.
To avoid real disaster, the British central bank comes up with draconian measures. The interest rate is reduced from 0.5 to 0.25 percent, its lowest level since the establishment of the institution in 1694. That should give the economy some breathing space. In addition, the bank will pump tens of billions into the economy. The total investment volume is increased from 375 billion pounds (440 billion) to 435 billion pounds (513 billion euros). This decision implies that the central bank again will buy up bonds.
Good thing
“uncertainty about brexit is not good for the growth in the UK,” said Koen De Leus, senior economist at KBC. “Entrepreneurs assume that many investors away from London, including real estate investors. It is therefore a good thing that the interest rate is lowered.”
Share “This does not mean that we should also be concerned in our country. We can prepare
“The numbers are alarming,” admits Economy Minister Kris Peeters (CD & amp; V). “The UK economy will collapse. Prime Minister Theresa May had been here maybe taken into account, but so bad she had not assessed it. That does not mean we should be worried in our country. We can prepare us. Ever since the referendum we follow the situation very closely. “
Immediately after brexitreferendum Peeters had set up an expert group, populated by toppers business and employers’ organizations. They sit together in the coming weeks discreetly. The meetings were already planned and the first task is to assess the potential impact of the brexit our businesses. Certainly plenty of companies that perform will be closely associated to Britain. This includes Crop’s, the frozen food business of former Voka husband Michel Delbaere. A quarter of its fruit is the Channel.
“Within two or three months, we need to map the situation for all businesses and industries,” said Earl Paul Buysse, who brexitgroep presiding. “Only then can we talk about concrete measures.”
The group also maintains close contact with the Belgian diplomats prepare brexitonderhandelingen. Britain is a very important trade partner for our country. “But it is not that the world will suddenly stop spinning and stalling the economy,” said Buysse. “We will continue to implement, but there will have to be hard and well negotiated new trade agreements.”
His personal estimate is that over the next year and a half little will happen on that front. “In the shelter we prepare. We must not panic. If Anglophile I feel especially along with the British workers and employees,” said the Count / entrepreneur. “They are all victims now.”
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