Last night David Cameron made a decision that will shape our economic future for the next decade at least. By protecting the UK Financial Industry he has allowed UK Plc to manage it’s own destiny.
Prior to last night we were a peripheral player in Europe as we were not part of the Euro, although in Europe. Therefore very little has changed today. Tomorrow however is a different story. UK Plc is now capable of climbing out of its own recession, it doesn’t have to rely on Europe to set the speed.
Why is this so. The housing market will become the engine of economic recovery. For every job created in the construction industry 3 other jobs a created. House building is fuelled by mortgages and loans provided by the finance industry. To kick start this process, deregulation in the planning industry must release the breaks for economic recovery.
Further exposure to economic european taxes and increased debt from failing nations will stall this recovery.
The UK economy is fundamentally different from that of France and Germany. Our economy is service lead and knowledge based and as the leading global financial market David Cameron had to protected this industry otherwise we would be assigned to the debt scrap heap of Europe.
It’s a plesarue to find such rationality in an answer. Welcome to the debate.