Thursday, 28 July 2016

Forthcoming investment and a new negotiator from the E.U.

Glaxo Smith Kline have agreed an investment of 275 million pounds into G.B. it was announced yesterday.  This is wonderful news and proof that the scare mongers pre Brexit were wrong. It only takes one company to  prove faithful to its promise and others will follow. The agreement shows confidence and will produce and maintain many jobs over here.

Michael Barnier has been appointed as chief negotiator to work on behalf of the E.U. community in striking an exit arrangement with the United Kingdom.  He is a French politician who has not been at all popular in the city (of London) in the past. It is being seen as a case of Jean Claude Juncker hitting back at the U.K. as a punishment for leaving the E.U. just like the recent strikes at border control in Calais, which caused major hold-ups on our roads last week. Talks on the U.K. leaving the E.U. will start in October.

Theresa May paid a visit to Rome yesterday to meet up with the Italian Prime Minister, Matteo Renzi. They talked for an hour and a half and Mr. Renzi said he respected the Brexit vote. Her next visits will be to Poland and Slovakia.

It was feared that there would be a slump in the housing market after the Brexit vote, but this has proved erroneous.  In five years time the average house, now worth £194,000,  will be worth abut £40,000 more than it is now according to the Centre for Economics and Business Research.

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