So this is it. The United Kingdom is on the way out of the European Union. Some are hailing Brexit as a victory for the common people against the monolithic government of the EU with its plethora of faceless, unelected and unresponsive bureaucrats. Some among them see it as a poke in the eye for the forces of “globalism” and “multiculturalism”.
However, the supporters of the “Remain” campaign have for the most part fallen silent. Most of them have realised the situation is not going to change no matter how much they protest. They realise also that we’re on our way out because not enough of them got off their idle backsides to cast their votes when they had the chance. Perhaps, most importantly, there is no sign of the economic disaster that the leaders of the “Remain” campaign were predicting.
It’s true the Pound and the FTSE-100 index dropped sharply when the vote was announced, but the Pound has been stable against the Dollar since then, (up slightly from its low point of £1=$1.2887 on 7th July to £1=$1.3101 today). The FTSE-100 recovered from its jitters of 24 June within a few days and today closed up 30.59 points at 6730.48.
Indeed, Britain’s industry is performing as well as ever and there has been a decline in the unemployment rate.
Now one would think that quitting the EU would be a fairly straightforward matter, one of just clearing your desk and warehouse and saying goodbye. Unfortunately this operation is run by politicians and bureaucrats and it will be a costly and convoluted affair, one which neither our new Prime Minister Theresa May, the German Chancellor Angela Merkel nor anyone else is looking forward to.