ECONOMIC GROWTH

For UK cities cryptocurrency is the post-Brexit remedy

CEO of technology company Colu Amos Meiri argues that a blockchain-based cryptocurrency can be the basis for encouraging socially-minded behaviour across cities, 'the very kind of actions required to heal a post-Brexit UK'.

Attention may be firmly fixed on the political drama unfolding around prime minister Theresa May's Brexit deal. At the same time, as the clock ticks towards 29 March, speculation over what a post-Brexit UK would look like is gathering pace. Regardless of whether a deal has the backing of Westminster or not, there appears to be every chance of economic uncertainty and a degree of chaos when the clock strikes midnight on the UK leaving the European Union.

While the post-Brexit reality is unchartered territory, there are plenty of indications over what the future may hold. The government's own economic analysis makes for grim reading. It predicts that even if May's deal is implemented, GDP will slump by 3.9%, while the prospect of a no-deal exit would come at a cost of a 9.3% fall in GDP, with everything that entails. 

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