BRITAIN’S confidence about a No Deal Brexit is growing, and no wonder.
Each day we are becoming better equipped than the EU, and Ireland in particular, to weather the turbulence.
It’s not just that Boris Johnson’s new and united Government has a laser-like focus on preparing for it and spending where necessary.
It’s that our economy remains fundamentally strong, defying all predictions of gloom. Unemployment, tipped to soar within months of a Brexit vote, did the opposite, with a million jobs created.
Growth, forecast to collapse, has instead ticked along — slowly, but no slower than across the EU. Inflation and interest rates are low and look stable.
The amount of venture-capital investment in UK startups, most of it foreign, is set for a record year. Billions more will pour in once we are out, even with No Deal, and uncertainty finally lifts.
Remainers leap on any dip in the Pound as an existential disaster. But our free-floating currency gives us a huge advantage over the eurozone. It’s a balancing mechanism in troubled times.
The same falling Pound that’s bad for Brit holidaymakers abroad and can fuel inflation also boosts our exports, creates jobs and attracts more tourists.
And while Bank of England chief Mark Carney is still full of chuntering pessimism about No Deal, it’s nothing compared with the terrifying warnings for Ireland from its Central Bank.
Germany, its car-makers in dire straits, may be heading for recession. Italy is struggling. France’s growth has almost stalled. The EU economy is in trouble, with few defences left. A No Deal — which they can still choose to avoid — could be a mortal blow.
There might be logistical chaos here, as well as there, possibly for months. But Britain — free to supercharge our economy with much lower taxes, less red tape and new global trade deals — will emerge to a richer future.
“Countries are more resilient than people think,” as ex-White House chief economist Gary Cohn said this week.
The Sun believes Boris and the EU should still look for a deal.
But Britain should fear No Deal far less than Brussels and Dublin.
