(my point is that my edit made it look like you didn't read my comment, based on phrasing, not because of how effective I think my argument was)
We'll see what comes of this, but as I said, I think Britain's fundamentals are very strong right now. There's no doubt that Brexit created uncertainty in areas where there was none before; markets hate uncertainty. Britain's trade relations were certainties within the EU, but so were uncontrolled migration and over-regulation. Now, on those and many more issues, the Brits themselves will decide and negotiate. No one is quite sure what they will do, especially after the next election. But if Britain makes the right choices, and at least for now I think they have leadership that's inclined to make those right choices, I believe that they will do better than they could have within the EU.
I stand by every single comment in this thread. The UK is doing well and I think they will continue to do so, fluctuations in the exchange rate and stock market notwithstanding. I'd stand by that even if they entered a small recession.
> The UK is doing well and I think they will continue to do so
The likely dissolution of the political entity currently known as the UK, more formally the "United Kingdom of Great Britain and Northern Ireland" would preclude it "doing well", not so?
I don't think there's gonna be another referendum soon. The EU referendum was already on the table during the Scottish referendum. The people of Scotland knew the risk. Everyone was loudly saying that these were once-in-a-generation votes.
Now of course, if support for Scottish independence consistently polls at over 60% for years, that's a different story. But I think that pro-independence forces are likely to weaken as Brexit proves to have been a good move.
Or not, in which case England loses 5 million people (England is 53 million btw) and some oil. On the plus side, they'd shake off a chunk of the electorate that seems to be set on economic suicide by socialism.
> I don't think there's gonna be another referendum soon.
> The EU referendum was already on the table during the Scottish referendum. The people of Scotland knew the risk.
Incorrect, it was sold as the other way around: Scotland must stay in the UK or it might be out of the EU. You are detached from reality. A second Scottish referendum is likely.
We'll see what comes of this, but as I said, I think Britain's fundamentals are very strong right now. There's no doubt that Brexit created uncertainty in areas where there was none before; markets hate uncertainty. Britain's trade relations were certainties within the EU, but so were uncontrolled migration and over-regulation. Now, on those and many more issues, the Brits themselves will decide and negotiate. No one is quite sure what they will do, especially after the next election. But if Britain makes the right choices, and at least for now I think they have leadership that's inclined to make those right choices, I believe that they will do better than they could have within the EU.