Written by Pierre Olivier – 2016/05/20
British key success factors from 1780 to 1914
2015 : THE UK ECONOMY SEEMS TO BE IN A RECOVERY WAY
BUT SO UNBALANCED that is unlikely to be sustainable
The UK economy seems to be in a recovery way …
2015 unemployment rate : 5,2%
2015 growth rate : +2,2%
… but so unbalanced that is unlikely to be sustainable
London is :
20% of total GDP
the 2nd world’s most expensive city (property prices)
UK banks balance sheets = 450% of GDP (disproportionate)
Consequences if the UK decides to leave Europe in 2017 ?
Brexit = the UK, a lonely island, is halfway between Europe and the US ?
Financial services
It seems likely that financial services move to Frankfurt (European Central Bank headquarters)
The US
The British will hardly recognize the US people because they are becoming Hispanic (white people represented 84% of total population in 196O and less than 50% in 2042 – Pew Research Center)
*Source : Un nouveau rêve américain – S Cypel