EconomicsToo

Tasked with a thought experiment known a ' dissoi logoi ', a classical idea in rhetoric where one considers an issue from the perspective of an opponent's argument to better understand it, Year 13 economist, Zhou Chen has produced this piece (originally on his  blog ).  Following a discussion on how ' sovereignty ' was a major reason behind many 'Leave' votes and reviewing this article  on sovereignty being 'reclaimed' but then the UK ignoring Parliament, Zhou Chen has produced the following on his blog: Brexit negotiations kept secret from Parliament does reclaim sovereignty from Brussels First and foremost, I acknowledge this is a strange and unpopular view but seemed like an interesting mental exercise to pursue. The idea that, as announced by Secretary of State for Leaving the EU David Davis, “Until Article 50 is initiated and Britain officially begins the process of leaving the European Union, no news on Brexit negotiatio

The pound sterling has had its worst four day performance since June 2016's Brexit vote, having fallen to $1.23 and the expectations from the Bank of England are for it to fall further in the next few weeks. There has been a 19% drop since the referendum. Source: http://www.bbc.com/news/business-37617813 Brexit is clearly responsible for much of this fall. Whilst the falling pound against the dollar has actually been positive for the FTSE 100 as a large percentage of listed companies earn revenue in US dollars and are seeing an increase in their value, what is actually causing this to happen and what will the consequences be? How is Brexit actually causing the fall in value? The value of the pound is seen a judgement on the future growth potential of the UK economy in comparison with the future growth potential of other currencies and economies. So this depreciation does mean that the UK is seen as having less potential growth and that is why demand f