Morphine Prince 109,998 Posted November 22, 2016 Share Posted November 22, 2016 U.K. household wealth has plummeted by a combined $1.5 trillion as a "direct result" of the vote to leave the EU, according to a new report on global wealth produced by Credit Suisse. The dramatic plunge in wealth was driven by a decline in the value of the pound, which has lost 15% of its value following the Brexit vote. The loss of $1.5 trillion over the past 12 months translates into a 10% reduction in household wealth, according to Credit Suisse. Household wealth includes financial investments and real assets like housing. Debts are subtracted. Only Mexico, Egypt, Russia, Ukraine and Argentina suffered larger percentage drops in household wealth than the U.K. Meanwhile, households in Turkey and Colombia fared better than those in the U.K. Britain is expected to trigger EU exit negotiations early next year. The government's strategy for the talks is not yet clear, but it's unlikely that Britain will be able to maintain access to Europe's single trading bloc. Read more: http://money.cnn.com/2016/11/21/news/brexit-uk-household-wealth/index.html?sr=fbCNN112216brexit-uk-household-wealth1030AMStoryLink&linkId=31428595 Link to post Share on other sites More sharing options...
Supersonic 49,376 Posted November 22, 2016 Share Posted November 22, 2016 Link to post Share on other sites More sharing options...
Altair 2,003 Posted November 22, 2016 Share Posted November 22, 2016 is there a no backsies policy? or can they take their decision back? Link to post Share on other sites More sharing options...
August Blue 8,566 Posted November 22, 2016 Share Posted November 22, 2016 Add khaled gif *congratulations , u played urself* Link to post Share on other sites More sharing options...
The Fame Joanne 5,985 Posted November 22, 2016 Share Posted November 22, 2016 So sad for the young people there. Most of them voted to stay, now they'll have to deal with this sh*t in the future Link to post Share on other sites More sharing options...
Laceface 2,964 Posted November 22, 2016 Share Posted November 22, 2016 Can we wait until we've actually left to make a proper comparison Link to post Share on other sites More sharing options...
Benji 20,113 Posted November 22, 2016 Share Posted November 22, 2016 10 minutes ago, Laceface said: Can we wait until we've actually left to make a proper comparison Same. So far everything coming out of abroad media is either hypothetical and scare mongering or like this, proportional and obvious Link to post Share on other sites More sharing options...
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