Well we haven't even left and the chancellor has abandoned his 2020 fiscal targets, he’s thrown them in the bin.
It looks like all the experts who lined up one after the other, well were telling the truth after all.
Mark Carney has indicated he will cut interest rates, and nobody ever thought they would go under 0.5%. There ain’t much there to cut! He has stated he is prepared to print cash too. This has reassured the city to some extent and shares have rallied a little.
In the longer term, with the pound down at a record low we can expect the return of inflation and inevitably interests rates will rise.
A recession seems almost inevitable. But what will be different about this recession, from all others, is that we have voted for it. The people have voted for hardship.
Meanwhile Boris has legged it. As for the 350,000,000 for the NHS, well yup it’s a lie, a fabrication, and that 350,000,000 is nothing compared to the money we are about to lose as our economy now shrinks as predicted. The NHS will be hammered, not that people like Nigel Farage care cos he fucking hates the NHS. And this is all before we have even triggered article 50 in order to negotiate our exit.
We have Gove as the token BREXIT contender for the Tory leadership. But I’ll be surprised if we don’t get a REMAIN PM, probably Teresa May.
It’s gonna be a case of talks with Europe, debate in the commons etc, maybe a general election in the autumn (Tory landslide), a bit more time, and by the spring once we have all felt a bit of pain, the new Prime Minister will put the question to the people again.
It will be a solid REMAIN Vote.