Thursday, 22 September 2016

TELEGRAPH CROWING EARLY

The Telegraph has an editorial today (HERE) crowing that the economy has not been plunged into economic darkness as the "experts" predicted.  They don't seem to realise nothing has actually happened yet. The experts were told by David Cameron that Article 50 would be triggered immediately after the vote and they predicted chaos on that basis.

Well, three months have gone by and Article 50 remains untriggered. Hence, nothing has happened to the economy. Let's wait and see what happens. Even the Telegraph is not totally confident:

"Of course, these are early days. The success of Brexit will be measured over years or decades, not months. But even on the evidence available so far, it is safe to conclude that Leave’s scepticism about the gloomy consensus of the experts was justified".

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