BREXIT!!U.K MAY BE FORCED TO DEVALUE POUNDS STERLING

BREXIT!!U.K MAY BE FORCED TO

DEVALUE POUNDS STERLING

BY ABDULMUMINI ADEKU.

 

 

In a world exclusive chat with The News office Desk of the E.N.MPaedia Express Multimedia Group of Lagos, Nigeria, a public affairs analyst and Managing Director of The Premier Newspapers ,Mr Bataunji Ismaila revealed that perhaps the United Kingdom may likely have to devalue Its pounds sterling as the Brexit battle hits a new crescendo as a press time.

He affirmed that the United Kingdom financial leadership subconsciously created an artificial increment in its usage of the pound sterling and now the effect is beginning to tell in the polity.

While taking a cursory look at the financial services sector globally,Wusu , a frequent traveler to the U.K. noted  that  the U.K. for long capitalized on the vantage that the strength of the pounds sterling created as the currency alongside the dollars was the major determinant in global financial transactions.

Wusu ,who did his post graduate thesis in  European studies from one of the universities in the European Union went down memory lane and recalled that this was the third time that the U.K will attempt to leave the European Union since its inception .

His words:”As a reporter,I was saying that they were gaining from the Common Agricultural Policy window  as the united kingdom does not produce any form of agro commodities at all or if it exists may be very little , but nobody seems to have taken my analysis seriously, in the health care sector for example the European Union has being funding this and they have done it for as much as 70 percent and this is why due to the pressures of Brexit a lot of medicare or health care sector people are leaving the U.K. in droves “

He praised efforts made by Former Prime Ministers Tony Blair and David Cameron in intervening in the crisis caused by the Brexit conflict .

He recalled that for every budget raised by any European nation ,the E.U was heavily funding them and all of this now will now come at huge price for he U.K as there was going to be no further gift from a santa Claus.