Worried about Brexit? Relax, says True Bearing

There are too many vested interests in Europe to allow Brussels to punish the UK. Barnier and Junker want to teach a lesson to the UK and others who may wish to leave, but they do so at great risk to Europe.

As BREXIT! Independent Financial Advisers Say You Can Relax, we are responsible for over £400m of our investor’s money. We have to be abreast of economic matters. Some recent research conducted by a leading investment fund makes very interesting reading.

Immediately after the 2016 referendum, the sterling pound fell. The level of the pound is your best gauge, not against the dollar, but against the euro, and other currencies of the  EU27. It tells you how hard BREXIT really is. The harder the BREXIT, the lower the pound.

Many key businesses across Europe depend on the spending power of the U.K. A weak pound will severely damage that.

Ignore the near 1 million Brits living in Ireland, Spain, France, the Netherlands, Cyprus and the rest of Europe whose main income is in sterling.

Ignore the massive number of EU nationals who work and earn in the UK. 1.6m from Poland have UK national insurance numbers. 831,000 from Romania, 338,000 from Lithuania, 290,000 from Portugal. These people usually send UK earned money home.

Ignore those countries with huge UK tourism earnings, Ireland 4m visitors, Spain 15m visitors, France 12.2m, Portugal 2.2m.

Ignore the fact that the UK is a key export market for Ireland 13.2% of its exports, Belgium 8.7%, Sweden 7.1%, Portugal 6.7%, Spain 6.6%, Germany 6.1%.

Ignore all of that. There is a powerful corporate lobby across Europe, which will use its influence behind closed doors. The power brokers of Europe have a major insurable interest in the UK. Their fear and greed is the strength in the UK’s negotiating position.

Who owns who these days?

Think of TSB, Abbey National, Heathrow Airport, Talisman (once BP’s pride and joy), Scottish Power and MMO2 (demerged from British Telecom). All these now in the hands of Banco Sabella, Santander, Ferrovial, Repsol, Iberdrola, and Telefonica. These are a major part of the Spanish stock market IBEX35.

Across in France and Germany, Veolia, EDF, EON, and RWE own much of our UK utilities.

BOC now owned by German listed Linde, Hanson now owned by HeidelbergCement, UK Mail now owned by Deutsche Post. Jewson Group now owned by the French Saint Gobain. Dulux Paint owner ICI now owned by Akzo Nobel, listed in Holland.

What of BTR and Siebe. They merged to become Invensys, which is no more. Well no more listed in the UK, but its UK assets are owned by Schneider of France and Siemens of Germany. And so it goes on.

In the last 20 years, Britain has been the target of Continental Corporate Colonialism. Therefore the harder the BREXIT, the harder the landings for a huge swathe of European Corporates.

These Corporates will make their voice heard.

To quote my investment research sources,  THE RAIN IN PLAIN UK WILL BE FELT IN SPAIN.

The conclusion of their work predicts an amicable BREXIT deal. If they are correct, the pound will rally. Yes, a divorce bill will have to be paid but this sum paid over a long period should be seen in the context of an economy measuring two trillion pounds of GDP.

If you would like to speak to one of our independent financial advisers, please complete our enquiry form or call 01257 260011.

Enjoyed this? Read more from Amber River True Bearing

Latest news

1

PM+M welcomes ten new apprentices for 2025 intake Lucy Field, Kate Walsh, Ellie Fisher, Zainab Aswat, Reece Jones, Aisha Bibi Patel, Finley Vila, Uzair Zariwala, Richard Prest, and Charlie Harrison

PM+M welcomes ten new apprentices for 2025 intake

11 Sep 2025

2

ROCCIA strengthens commercial division with senior appointment Andrew Grove

ROCCIA strengthens commercial division with senior appointment

11 Sep 2025

3

Final call for investors: Rossendale community solar project must hit target by November Gary McEwan managing director of Interfloor

Final call for investors: Rossendale community solar project must hit target by November

10 Sep 2025

4

Lancashire Combined County Authority unveil plan to Get Lancashire Working Lancashire Combined Authority

Lancashire Combined County Authority unveil plan to Get Lancashire Working

10 Sep 2025

5

Lockheed Martin Skunk Works and BAE Systems’ FalconWorks announce strategic collaboration Collaboration between BAE Systems FalconWorks and Lockheed Martin Skunk Works

Lockheed Martin Skunk Works and BAE Systems’ FalconWorks announce strategic collaboration

09 Sep 2025

Background image for hub sign up block

LBV Hub

Leverage Lancashire Business View platforms

Post your news
Post your events
Post your offers
Build your network
Improve your SEO
Gain coverage in the magazine
Sign-up
Events
Sub36 Networking - Follow the signs
Sub36 Deaf Village Social1200
Networking
17 Sep 2025

Sub36 Networking - Follow the signs

The Deaf Village, Blackburn, BB2 5EN

10:00 - 12:00

LBV124 September/October Launch Event
MBP Arc Cinema Preston Opening 205
Networking
18 Sep 2025

LBV124 September/October Launch Event

The Arc Cinema, Preston, PR1 2BL

08:30 - 10:30

CMI Level 5 Project Management Course
UCLanAerialCampus.jpg.jpg
LBV Hub Seminars
21 Feb 2025 - 21 Feb 2026

CMI Level 5 Project Management Course

Preston Campus, Preston, PR1 2HE

08:00 - 17:00

CMI Level 5 Management and Leadership Course
UCLanAerialCampus.jpg.jpg
LBV Hub Seminars
21 Feb 2025 - 21 Feb 2026

CMI Level 5 Management and Leadership Course

Preston Campus, Preston , PR1 2HE

09:00 - 17:00

Longridge Soap Box Derby
Screenshot 2025-06-10 090035.png.png
LBV Hub Fundraisers
14 Sep 2025 - 14 Sep 2025

Longridge Soap Box Derby

Berry Lane, Longridge, PR3 3WH

10:00 - 16:30

Preston Tech Connection - The Ultimate Tech Quiz!
Preston Tech Connection Sept 25.png.png
LBV Hub Networking
16 Sep 2025 - 16 Sep 2025

Preston Tech Connection - The Ultimate Tech Quiz!

Society1, Coworking Space, Preston, PR1 3LT

18:00 - 19:00

The Business Network Central & East Lancashire
LBV Hub Networking
17 Sep 2025 - 17 Sep 2025

The Business Network Central & East Lancashire

Stanley House, Blackburn, BB2 7NP

11:30 - 14:15

Cumbria Business Expo 2025
https---cdn.evbuc.com-images-880461633-4862066883-1-original.20241022-110415.jpeg.jpg
LBV Hub Exhibitions
19 Sep 2025 - 19 Sep 2025

Cumbria Business Expo 2025

Carlisle Racecourse, Carlisle, CA2 4TS

09:00 - 15:00

Your Business, Your Region: Making sense of devolution and Local Government Reorganisation
Chorley Council breakfast event new
LBV Hub Networking
23 Sep 2025 - 23 Sep 2025

Your Business, Your Region: Making sense of devolution and Local Government Reorganisation

Worden Hall, Leyland, PR25 3DH

08:00 - 11:00

Preston Freelancer Meet-Up: September
Sept Freelancer (1).png.png
LBV Hub Networking
23 Sep 2025 - 23 Sep 2025

Preston Freelancer Meet-Up: September

Society1, Coworking Space, Preston, PR1 3LT

10:00 - 11:30

Speed Networking with BNI
2.png.png
LBV Hub Networking
24 Sep 2025 - 24 Sep 2025

Speed Networking with BNI

Chorley Football Club, Chorley, PR7 3DU

16:00 - 19:00

The Marketing Meetup IRL: Lancashire - September
TMM Lancashire
LBV Hub Networking
25 Sep 2025 - 25 Sep 2025

The Marketing Meetup IRL: Lancashire - September

Chorley, PR7 2SL

18:00 - 20:00

Advertise with us

Reaching 50,000 members, our print, digital and event platforms offer a fantastic way to raise your business profile and help you grow.

Find out more LBV 123 Online Graphic
Subscribe now

Weekly news bulletin