It has now been 10 years from the financial crisis of 2007, which was the biggest crisis since the Great Depression. Alistair Darling, the Chancellor at the time, has warned that we should be vigilant and some economists too think that we could be headed for another financial crisis, but what do you think?
Do you believe another crisis is imminent? Or do you think Brexit could boost our economy?
I actually think Brexit will benefit the economy (I used to support the Lib Dems but stopped because of their opposition to Brexit)
I don't think that another crisis is necessarily imminent, as we have already had over a year of uncertainty over Brexit, and it hasn't turned into a financial disaster yet. However, if Theresa May symbolically walks away with no deal, it will almost certainly be a financial disaster to the country.
Firstly, as the markets are very pro-Europe, before it has even happened, there will be a massive drop in the value of the pound, as the markets anticipate an even more drastic exit of employers from Britain, not just because there would be no free trade association with no deal, but because of the drop of the pound.
I certainly hope that another crisis is not imminent, but if the bickering amongst the Tory party stays and the deadlock continues for too long, it could become a reality.
