Brexit costs UK economy $1B a week [CNN]
McDonald's Corporation (MCD)
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Source: CNN
Brexit is costing the UK economy $1 billion a week. And it could get worse The vote to leave the European Union in June 2016 caused the pound to weaken dramatically and ushered in years of uncertainty that has reduced economic activity and triggered a slump in investment. The economy is now 2% smaller than it would have been if the United Kingdom had chosen to remain in the bloc, according to the Bank of England. The economic output lost since the referendum is worth about £800 million ($1 billion) per week, or £4.7 million ($6 million) per hour. The economic consequences have piled up despite there having been no structural changes yet to Britain's trading relationship with EU nations or the rest of the world. Britain has continued to sell goods and services into the European Union, its biggest trading partner, while politicians worked to negotiate the divorce. It has been easy for UK companies to hire EU workers, and to maintain supply chains that crisscross national borders. Yet th
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MCD
Earnings
- 2/5/24 - Beat
MCD
Sec Filings
- 4/23/24 - Form 144
- 4/23/24 - Form 4
- 4/18/24 - Form PX14A6G
- MCD's page on the SEC website