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

Construction begins on new Civil Service office building in Talbot Gateway Alan McBride Muse Will Town Defence Infrastructure Organisation Jennifer Chard Defence Business Services Cllr Lynn Williams Blackpool Council Garry Bowker Vinci

Construction begins on new Civil Service office building in Talbot Gateway

20 May 2025

2

Skiddle raises over £750,000 for charities Skiddle cheque presentation to Alder Hey Hospital

Skiddle raises over £750,000 for charities

20 May 2025

3

Former Victorian Hotel approved for residential conversion The site

Former Victorian Hotel approved for residential conversion

19 May 2025

4

REVOLUTION PARK: Work starts on Darwen’s new home of advanced manufacturing Oliver Webber, Tracy Clavell-Bate and Tim Webber from Barnfield Group with Cllr Phil Riley, second from right, Leader of Blackburn with Darwen Council

REVOLUTION PARK: Work starts on Darwen’s new home of advanced manufacturing

19 May 2025

5

Two Cuckoo Gins named winners in The Gin Guide Awards 2025 Mark Long

Two Cuckoo Gins named winners in The Gin Guide Awards 2025

19 May 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
LBV122 May/June Launch Event
121 Lancashire Business View Magazine Launch
Networking
21 May 2025

LBV122 May/June Launch Event

Lancaster and Morecambe College, Lancaster, LA1 2TY

08:30 - 10:30

Sub36 Networking
Networking
11 Jun 2025

Sub36 Networking

British Jewellery School, Scorton, PR3 1BA

15:00 - 17:00

Lancashire Net Zero Carbon Conference
Net Zero Carbon Social 1200pxtrident 2
Networking
18 Jun 2025

Lancashire Net Zero Carbon Conference

Crow Wood Hotel & Spa Resort, Burnley, BB12 0RT

08:30 - 13:00

Lancashire Built Environment Conference 2025
BEC 315 X 315 Px
Networking
25 Sep 2025

Lancashire Built Environment Conference 2025

Blackpool Football Club, Blackpool, FY1 6HX

08:30 - 13:00

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

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

RISE - The Academy for Female Leaders and Managers
WENDY BOWERS RISE Illustrstion copy.jpg.jpg
LBV Hub Seminars
02 Apr 2025 - 08 Oct 2025

RISE - The Academy for Female Leaders and Managers

East Lancashire Chamber of Commerce, Clayton le Moors, BB5 5JR

09:00 - 15:30

The Business Network Central & East Lancashire
LBV Hub Networking
22 May 2025 - 22 May 2025

The Business Network Central & East Lancashire

Mytton Fold, Langho, BB6 8AB

11:30 - 14:15

Preston Freelancer Meet-Up: May
Freelancer Meet-Up May.png.png
LBV Hub Networking
22 May 2025 - 22 May 2025

Preston Freelancer Meet-Up: May

society1, Coworking Space, Preston, PR1 3LT

10:00 - 11:30

Amber River True Bearing quarterly investment seminar
LBV Hub Seminars
22 May 2025 - 22 May 2025

Amber River True Bearing quarterly investment seminar

Cottons Hotel & Spa , Knutsford, WA16 0SU

16:00 - 18:00

Liverpool Business Expo 2025
https---cdn.evbuc.com-images-881365363-4862066883-1-original.20241023-085714.jpeg.jpg
LBV Hub Awards
23 May 2025 - 23 May 2025

Liverpool Business Expo 2025

Aintree Racecourse , Liverpool , L9 5AS

09:00 - 15:00

Advantage: AI – A Workshop for Business Leaders – May 29
Artboard 15.png.png
LBV Hub Seminars
29 May 2025 - 29 May 2025

Advantage: AI – A Workshop for Business Leaders – May 29

Door4 Office, Burnley Wharf, Manchester Road, Burnley, BB11 1JG

09:00 - 11:00

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 LBV122 Online Graphic
Subscribe now

Weekly news bulletin