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Tuesday 27 November 2018 7:34 am  |  Updated:  Monday 03 June 2019 3:26 am

Have faith, the UK can weather the political storm

By: Katherine Denham

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Winston Churchill once said that Brits are “the only people who like to be told how bad things are, who like to be told the worst”.

In these turbo-charged political times, I would take it one step further and say that Brits not only like to be told the worst, but they often expect the worst.

We are probably at peak Brexit-mania. There’s irate anger over the withdrawal agreement coming from all sides – no one seems to like Theresa May’s deal because it’s, well, pick your poison: not soft enough, not hard enough, not concrete enough.

The financial community has started readying itself for the deal to be shot down in parliament in December before alternative options are considered.

As one trader put it to me, it’s only once politicians stare down the barrel of a no-deal Brexit that the possibility of passing a deal becomes higher. In other words, things have to get worse before they get better.

But that is not the point of this story.

Perhaps writing this on the heels of a week’s staycation holiday has influenced my view and brushed off some of my pessimism. Long walks in the country, quaint old pubs, and reading a book by the fire can do wonders for the mind. But it also made me appreciate again just how much this country has to offer.

I was born in the UK and it never dawned on me until recently how privileged I am to have the passport. It has opened up doors for me in my career that likely would not have been available otherwise (and would most likely be almost impossible for me to obtain now).

A UK passport gave me the opportunity to work in a thriving, cosmopolitan, fast-paced city, and to progress in my career, while simultaneously exploring my interests.

I recently spoke to Greg Hands, the MP for Chelsea and Fulham (one of the wealthiest boroughs in London) and asked him whether he sensed that things were taking a turn for the worse because of Brexit (I avoided bringing up the housing market). His optimistic response was: “London’s economy is doing well, and ultimately, investors still have confidence in Britain as a good place to invest because of what it has to offer.”

The last part of the statement is crucial: London, and the UK, does have a lot to offer.

And while we are living in a whirlwind of Brexit-related jargon (customs union, tariffs, backstops), maybe we should all have a little more faith in this country’s ability to weather storms. We are certainly a nation of umbrellas.

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