Political Meltdown: Get A Grip!

They said ‘Nothing will change immediately’ if we go Brexit.

No. The market and sterling have sunk and are just about afloat, Moody’s has downgraded the UK’s credit rating, the prime minister has resigned, so have half the shadow cabinet in an attempt to rid themselves of the hated Corbyn, the government is split and all but dysfunctional, no party grouping actually has a majority in the Commons except for Remain MPs cross party, the UK is now in the process of breaking up, with Scotland pursuing its own agenda both domestically and in Europe.

There is total silence from Leave except to row back from the undeliverable promises they made in order to win. Nobody has a clue what happens next. To all practical purposes there is a state of political collapse of a kind unknown in the United Kingdom. There has been nothing like this in peacetime nor in war. All we can say is that it is a mess beyond everybody’s wildest imagining and, worse, nobody knows where we are headed, or what damage has been inflicted on the EU itself. Because make no mistake, if that goes pear shaped, there are no sunny uplands awaiting the surviving remnants of the UK.

The markets will need to be very patient. We will see tomorrow. And a final thought. Never were the risks of having no codified written constitution more obvious, a danger that may in the end prove fatal to the ongoing notion of Great Britain.

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