June 24, 2016 - Well the decision has been made, with England and Wales voting to leave the European Union, while Scotland and Northern Ireland have voted to remain.
Quite what happens next is anyone’s guess, the only thing that is certain is that the country faces a great deal of short term uncertainty. Sterling looks to have plummeted this morning already, which is likely to cause a sharp rise in inflation and possibly interest rates, as the Bank of England attempts to protect the currency.
The risk of Scotland and Northern Ireland leaving the UK is more likely than it was, while the deep divisions, bitterness and nastiness of the public debate could be slow and hard to heal.
But the sun still came up this morning, the bins will still be collected, the phones still work, and life will go on, while people will adapt to the new situation. Hopefully the distraction and uncertainty will not tip the rest of Europe or the world into a new recession, just as it was recovering.
Oh by the way, as to the poll that we have been running over the past six weeks, it seems that Vertikal Readers called it fairly accurately, with 708 people voting 48.3 percent for Leave, 45.1 percent for Remain, and 6.6 percent had voted Don’t know.
What should the UK do now?
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May 31, 2016
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