Posted on 12/18/2016 10:56:05 AM PST by Michael van der Galien
When British voters were still trying to decide whether they should support or oppose Brexit, the "Remain" camp told them that doing so would result in a horrific economic collapse. Oh yes, the country's economy would go down the drain. There was no stopping it. Brexit meant financial ruin.
Well, as it turns out, the opposite is actually happening:
This week is forecast to be the busiest yet for retailers as shoppers leave it to the last minute to buy presents. Because Christmas Day falls on a Sunday this year, buyers have effectively been given an extra Saturday of spending on Christmas Eve, bumping up sales to unprecedented levels.
Cash withdrawals this month are at an all-time high and stores say they expect records to tumble.
Jace Tyrrell, chief executive of New West End Company, explains that the shopping spree is at least partially driven by the slightly weaker pound. Not only are British consumers trying to benefit from that, but so are foreigners who have chosen to do their shopping in London and Manchester rather than in a city in their own country.
He adds: "Christmas trading is expected to hit a record-breaking £2.34billion as a result."
So old records are being smashed, and that's not despite Brexit but because of it. Retail Economics recently published a poll that found that 82 percent of Brits said they would not change their spending habits. Only 16 percent said they would be slightly more "cautious" than in the past. The Christmas spending shows that this poll might have underestimated Brits' optimism; they're not only "not adjusting," they're spending more than ever.
Retail Economics' Richard Lim explains:
Shoppers have embraced a ‘keep calm and carry on spending’ attitude, seemingly unfazed by the Brexit vote and undeterred by the economic doom-mongers.
(Excerpt) Read more at pjmedia.com ...
“Unexpected.”
Freedom and healthy economies have always gone hand in hand.
What? Globalists and one-worlders lied? My pearls! My fainting couch!
A bit premature to count economic chickens several years before Brexit has actually hatched.
They’re grasping at any straw of hope. What with no gun rights at all, a Muslim invasion in full swing, their empire in gone and their homeland in a shambles even this tiny step will be seen as a Christmas miracle.
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