The amount of money that Britain supplied for support of the European Union’s (EU’s) burden is exactly what caused the debacle of Brexit to happen. This is according to savvy businessman Flavio Maluf, who is basically a working professor of world economics, with a Master’s degree in Business Administration from the prestigious New York University (NYU). He says when it comes to the history of support needed by the poorer countries of the EU, Britain’s contribution was much higher than any other country’s share. He has a very good point. The UK gave € 11 billion to the EU in 2014 alone.
Maluf claims anyone can see the signs of economic problems coming, just over the horizon. After the UK left the EU the overall drop in the EU’s stock markets topped 12 percent. The global economy has been weakening lately, says Maluf. The problem, economically, for Britain is that while their economy is doing quite well, but they believed the huge increase in inflation was associated with their membership in the EU. The UK taxpayers decided that ‘enough was enough’ as far as they were concerned.
So, of course one of the biggest disparities that many Britons claimed was the main factor that caused them to want to exit the EU. This is the lack of taxation on all goods they exported and imported, during their membership in the EU. Now, those tariffs have been restored. Flavio Maluf believes Brexit was a huge mistake. He does, however, also point out that in his native Brazil, the effect is non-existent. This is because traditionally, Brazil has only done a little over 2 percent of their total business with all of the UK.
Flavio Maluf sees this leading to a possible recession in some parts of Europe and that it will definitely affect all the stock markets of the world, negatively. The value of the British pound fell right after Brexit to the losest level since 1985. He sees the return of tariffs as a factor that will actually hurt relations, trade and otherwise, with all members of the EU.
Sustainable products industries are growing up to becoming the mainstream way construction and products are made. Flavio Maluf started Eucatex to supply the basic materials that sustainability manufacturing must have. Eucatex has grown very well in the last two decades. Check out Flavio Maluf’s blog on WordPress for more information.