Figures release by Shropshire Chamber of Commerce show a boost to local businesses as a result of the EU referendum.
The long-overdue devaluation of the pound has provided a welcome boost to exports all over the country, including here in Shropshire where businesses using the Chamber’s export documentation service booked £39m worth of exports between April and November this year. The weaker pound has encouraged businesses in the county to take a more globalist view with new business relationships being formed between the county and the wider world.
Nationally, exports rose by £2.1bn to £26.8bn in October – an increase of 8% on the previous month.
In the run-up to June’s EU referendum Remainers predicted a global economic apocalypse, an exodus of businesses and world war 3 if we voted to leave the EU. What we’ve seen is a useful devaluation of the pound in what the former Governor of the Bank of England, Lord King, described as a “welcome change” driving up exports and creating tens of thousands of new jobs. We’ve seen major international companies investing billions and creating thousands of new jobs, many have which have come to Telford and the wider West Midlands. And as for world war 3 – that started 15 years ago with the 9/11 attack on the twin towers and the US-led crusade in the Middle East!
Theresa May hasn’t even started Brexit negotiations yet and we’re already seeing the benefits all over the country.