Now that the UK have voted to leave the EU it is time to reflect and attempt to predict what will happen next.
Firstly, on the economy. Unfortunately the economic scare-mongering was always going to be a self-fulfilling prophesy and it was one of the reasons that David Cameron and George Osborne’s campaign was so irresponsible. Right now investors are betting on what they’ve been told but within a week the markets will have settled.
The threats of foreign leaders and ‘experts’ will soften and lo and behold it will become clear the deals will be done.
Cameron has pushed back the activation of Article 50 until a new leader is elected – I predicted Here a couple of week ago that Theresa May will be elected – I think that should be more evident to people now but, get this, I don’t think that she will activate article 50 either, I think that she will call a general election and suggest that only after that should article 50 be invoked BUT as the electorate are going to the polls anyway, she’ll tag on another EU referendum having negotiated a better deal with the EU who will realise that they didn’t take the first negotiations seriously enough and I think that in that referendum the UK will vote to remain.
I’m not saying that this is what I want, I’m just posting here what I think will likely happen.
I’m sure readers will have their own predictions and I look forward to reading them