brexit and beyond: how uk can upset the global economy
TRANSCRIPT
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Brexit and Beyond
How UK Can Upset the Global Economy
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Problems and Solutions
US, UK & Michigan Economic Situation
BREXIT: vote, outcome, adventure
2016 Elections
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2.9%0.5%0.7%
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2.1%
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17%
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#13
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"We are not only each other's largest investors in each of our countries, one to the other, but the fact is that every day almost
one million people go to work in America for British companies that are in the United
States, just as more than one million people go to work here in Great Britain for American
companies that are here. So we are enormously tied together, obviously. And we are committed to making both the U.S.-UK
and the U.S.-EU relationships even stronger drivers of our prosperity."US Secretary of State
John Kerry
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-1.5MM
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4.9%
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+5.4K
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<2.0%
+0.2%+0.6%
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$11T<0%Quiz Time!
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Productivity=Growth
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“There are limits to what monetary policy can and, indeed, should, do. The burden must also fall on fiscal and other policies to do their part to help
create conditions conducive to economic stability.”
SF Fed President John Williams
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US, UK, MI emoji summary
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Biggest breakup since?
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Polls
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GBPUSD 20%
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“The UK would not be a big enough market to be a priority for us in that case[Brexit]. As a drugs market it is more important for us to launch in
France, Germany and Sweden than in the UK because they adopt and pay for the drugs... The UK is a challenge now
but without the EU [it] will get left behind…”
AstraZeneca’s Mene Pangalos
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AbbotAbbVie
Baxter InternationalBeam Suntory
CaterpillarCDW
CF IndustriesMondelez International
NavigantNorthern Trust
TennecoW.W. Grainger
Walgreens Boots Alliance
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'I think, as I was saying to you a little earlier, that one of the issues is that a lot of people will invest
here in the UK because it is the UK in Europe.If we were not in Europe, I think there would be firms and companies who would be looking to
say, do they need to develop a mainland Europe presence rather than a UK presence? So I think
there are definite benefits for us in economic terms.'
PM Theresa May1mth b4 vote
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PM Theresa May4mths after vote
"There will be no unnecessary delays in invoking Article 50. We will invoke it when we are ready. And we will be ready soon. We will invoke Article 50 no
later than the end of March next year. It is not up to the House of Commons to invoke Article 50, and it is
not up to the House of Lords. It is up to the government to trigger Article 50 and the government
alone.”
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Brexit emoji summary
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Policy solutions for growth
Free Trade=lower tariffs
Reg. Relief=reduced costs
Tax reform=capital formation w/incentives
Infrastructure=efficiency
Energy Production
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2016 RecapClinton:
biz tax hikes build on regscap gains taxno free trade
big alternativesbig infra
create pathway enhance D-F
Trump: biz tax cutsreduce regs
full expensingno free trade
big hydro carbon big infra
build a wallend D-F
DJT HRC
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What is the hope?
Trump is a “businessman”
Clinton is a “compromiser”
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New Key Election Developments
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Policy solution emoji summary
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Brexit takeaways
Currency biggest loser
2016=trade
Fed is done
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Final Thoughts…