Blog 2023 Malcolm Blair-Robinson

Well here we are Post Brexit Day Two. Moody’s have downgraded the UK’s credit rating from stable to negative. The only British Commissioner in Brussels has resigned (fired), leaving the City of London exposed. The Scottish Cabinet has approved the opening of discussions with the EU institutions  to determine how Scotland’s EU membership can be protected and in case there is no other way, work is to start on preparing  for a second independence referendum.

None of that can be described as good news. Why did the Brexit campaign not mention these possibilities? Is this what 17 million people voted for?

In the middle of yesterday’s drama Mark Carney appeared on TV to announce the availability of £250 billion in emergency funds to support the banks, whose rash bets on Remain had caused overnight financial mayhem.  One of the reasons there was a surprise Brexit win was that to vote for something really stupid on a lot of false promises which cannot be met, was at least a way of protesting at an unfair economic model which doles out billions on demand to reckless banks, but has no funds to support the steel industry and all the skilled and hard working families who have made it their lifetime vocation, in many cases for generations.