joey_macmo
Player Valuation: £35m
Look, we just CAN'T have this happening! It's simply not part of the 'Remain' script! How DARE the UK improve!!! My flabber is gasted, what!!!
http://www.bbc.co.uk/news/business-42769090
Britain should prepare for a much more economically optimistic 2018 because global growth is better than predicted.
That's the argument of Lord Jim O'Neill, the former Conservative Treasury minister and Remain supporter.
He said Britain's growth forecasts are likely to be upgraded as China, the US and Europe show increased activity.
The gloomy predictions of the possible effects of Brexit are likely to be "dwarfed" by the more positive figures, Lord O'Neill added.
But he argued that far from "changing his mind" on the economic effects of Brexit, the question now for the UK was how much better the country could be doing without the uncertainty over its relationship with the European Union.
"I certainly wouldn't have thought the UK economy would be as robust as it currently seems," Lord O'Neill, who is on the board of the Northern Powerhouse Partnership, told me.
"That is because some parts of the country, led by the North West [of England], are actually doing way better than people seem to realise or appreciate.
"As well as this crucial fact, the rest of the world is also doing way better than many people would have thought a year ago, so it makes it easier for the UK."
and the rest of the quotes
"If that's the worst that Brexit will deliver, then I wouldn't worry about it," Lord O'Neill said ahead of the World Economic Forum in Davos, Switzerland, where there are likely to be a number of positive growth upgrades published for the global economy.
"Now, my own view is if we go for a really hard Brexit or a no-deal Brexit, we'll probably suffer more than that 3%.
Lord O'Neill said it was ironic that Britain was leaving the EU at just the time growth was increasing across the continent, given that one of the arguments for leaving was unshackling the UK from a number of "sclerotic" European economies.
He said that the "Brexiteers are going to be like the cat with the cream. They're like 'there you go, told you so', which of course is ridiculous".
Lord O'Neill said that major sectors of the economy that are closely linked to the EU, such as car manufacturing and pharmaceuticals, were still facing significant threats because of the government's proposals to leave the customs union and the single market.
O'Neil was commenting on the study Khan commissioned that said UK growth will be 3% less as a result of Brexit, A figure O'Neil thinks is optimistic.