After Mrs May's speech on Sunday the money markets have given their response. The pound hit a new 31 year low (HERE) and although the IMF said we would have the fastest growing G7 economy in 2016, next year will see a hit (HERE).
What an irony this would be. Inside the EU we have the fastest growing major economy. After we leave everyone expects us to suffer. How Brexiteers will explain this will be interesting.
Europeans were also unimpressed with her tough talk (HERE). In Prague, there were some raised eyebrows at some of Mrs May's rhetoric as well as an expectation that the government will face up to reality sooner or later. A Czech minister, Tomas Prouza, said it seemed we have still not found a way to explain to the UK population that the promises made during (and after) the referendum are completely unrealistic. He though we wouldn't sacrifice our banking and financial sector which would lose access to the single market - but I suspect he might be wrong. Some of the Brexiteers are intent on leaving the EU at any cost to the economy and people's jobs.
Prosper like never before.
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