Prices And Wages Are Headed In Different Directions In The U.K. After The Brexit Vote

In 2016, the United Kingdom did something no one expected. The people of Britain voted to leave the European Union. The vote was tight. Just 53 percent of the voting population thought Britain would be better off without the European Union. And nine months later, those people may be right. The British economy is still moving in the right direction on economia.estadao.com.br. But inflation is rearing its ugly head. British wages are not keeping up with inflation, so economists predict 2017 will be a hard year for British consumers. In spite of rising inflation, the U.K. is dealing with the Brexit vote like a civilized society.

In other words, the Brits are doing what they always do. They are adjusting to the facts on eleicoesepolitica.com. The facts are, Britain will exit the EU through the execution of Article 50 on March 29, 2017. It will take two years, and some people say six years before the exit from the EU is finalized. Some agreements signed by the U.K. and the EU will stay in place after the exit. So even though the U.K. will not be sending millions of pounds to the European Union every year, the country will still have to abide by certain agreements at http://www.segs.com.br/seguros/34138-saiba-com-flavio-maluf-como-diminuir-os-custos-tributarios-de-uma-empresa.html.

The government of the U.K. is moving forward as an independent country, regardless of those agreements. Britain needs new trading partners, and new trade agreements, in order to support their consumer driven economy. Prime Minister Theresa May is reaching out to Brazil, South Korea, China, and Mexico. Those four countries hold the keys to successful trade, according to Brazilian business leader, Flavio Maluf. Maluf is the president and CEO of Eucatex, one of Brazil’s top exporters. Eucatex manufactures building materials in four factories in the state of Sao Paulo. Flavio Maluf knows President Michel Temer is negotiating with the U.K. A bilateral trade agreement will help Brazil pull out of the four-year recession, and it will help the U.K. balance their trade deficit. No one is sure when a trade agreement will be signed, but Maluf thinks a deal is in the works. It will take the U.K. time to get all the details worked out, but just the thought of a new trade deal is causing excitement in Brazil’s business community.

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