9 Jun 2016

Billions of pounds taken out of the British economy

Billions of pounds taken out of the British economy amid fears of Brexit
Investors are taking fright as the referendum nears.

To the average person on the street this may not seem to be a problem but the big end of town is frightened.
Investors are moving billions of pounds in assets out of British currency and assets ahead of the European Union referendum, new figures suggest.

Around £65bn left the UK or was converted into other currencies in March and April, the largest amount since the economic crash.

In the six months to the end of April, £77bn was pulled out of British pounds, compared to just £2bn in the six months to the end of last October.


If this trend was to continue the average person could indeed feel it!

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