Brexit May Destroy Britain But Make EU Stronger

Christopher Joye

Coolabah Capital

In The AFR I present a contrarian analysis that argues Brexit could have entirely counter-intuitive consequences that are entirely antithetical to its leaders' goals: it may in fact end up destroying the United Kingdom as we know it; make the EU stronger; leave the UK's original constituents as members of the union; and have few meaningful ramifications for the global economy: "At its essence Brexit was a debate about the trade-off between the subterranean economic benefits of accessing the world's largest free market juxtaposed against the much more visible costs of free passage of peoples between the EU's 28 members (and higher immigration into the UK) coupled with the subordination of domestic lawmaking to the EU's "supra-national" legislative process...Yet views on the merits of Brexit could shift radically once the costs of the counterfactual become ubiquitous. A dramatic reduction in UK investment, increase in unemployment, and a recession combined with a sharp rise in the cost of living will cast into relief the price Britain is paying to erect barriers to the rest of the world." Free (VIEW LINK)


2 topics

Christopher Joye
Portfolio Manager & Chief Investment Officer
Coolabah Capital

Chris co-founded Coolabah in 2011, which today runs $7 billion with a team of 33 executives focussed on generating credit alpha from mispricings across fixed-income markets. In 2019, Chris was selected as one of FE fundinfo’s Top 10 “Alpha...

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.