A top economist has rubbished the concerns of Remoaners in just four words as the UK enjoys a bright future outside of the European Union.
Former chief economist for the Bank of England Andy Haldane has said businesses that voted Remain in the Brexit Referendum are “getting on with it” as they try to make the best of Brexit Britain.
Speaking to the Daily Mail about the economist landscape post-Brexit, Mr Haldane said he was “very optimistic” about Britain’s economic future after companies such as Nissan decided to invest billions in the UK.
Mr Haldane added that the “dynamism and energy” of several large firms would help the UK to progress and offer optimism even as interest rates hit the economy hard.
Mr Haldane’s comments come eight years after he worked for the Bank of England, during which many thought he would become the next governor of the bank.
Fast forward to 2024 and Mr Haldane says that there were always going to be costs as Britain adjusted to its new economic reality.
He explained: “It was always the case that with any change of regime there are going to be short-term costs as people adjust.
“The lion’s share of those transitional costs are probably now beginning to dissipate. People are adjusting to the new world.”
Mr Haldane’s comments come just a few weeks after Nissan announced it was investing around £2bn in the UK economy.
The Japanese automotive giant said it was planning to produce two new electric vehicles at its plant in Sunderland as more zero-emissions vehicles take to the roads.
Nissan is planning to invest around £1.12bn to produce the new cars which builds on a £1bn electric vehicle hub.
In a statement, Prime Minister Rishi Sunak said it secured “Sunderland’s future as the UK’s Silicon Valley for electric vehicle innovation and manufacturing”.
Mr Sunak added: “Nissan’s investment is a massive vote of confidence in the UK’s automotive industry, which already contributes a massive £71bn-a-year to our economy.”
President and CEO of Nissan Makoto Uchida commented: “Exciting, electric vehicles are at the heart of our plans to achieve carbon neutrality. With electric versions of our core European models on the way, we are accelerating towards a new era for Nissan, for industry and for our customers.
“The EV36Zero project puts our Sunderland plant, Britain’s biggest ever car factory, at the heart of our future vision.
“It means our UK team will be designing, engineering and manufacturing the vehicles of the future, driving us towards an all-electric future for Nissan in Europe.”
