I believe that no matter what the result was the pound would have fallen and we would be in this situation no matter what.
Lots of people lost money but a few will make millions from it collapsing and the few don't care about the many.
However it shouldn't be doom and gloom if you are prepared to adapt and change then it will only lead to great things.
What the news is showing is that people are scared of change but that's nothing new
The Pound actually would have skyrocketed in value in the event of remain. It peaked at the highest value it has been in years when the polls closed and every opinion poll and betting market showed remain with a huge likelihood of succeeding.
However, when the Sunderland and Newcastle results came out looking far less favourable for remain, the value of the Pound plummeted to its lowest value in over 30 years. A far sharper drop than we experienced during Black Wednesday.
I'm all for optimism, but the fact remains that we've went through years of slow growth and strict austerity even with the highly favourable trading position we were in as part of the single market with plenty of FTAs to benefit from. They are now at risk of being wiped out, and if you combine that with years of uncertainty ahead, it's about to get a whole lot worse.
The only shred of hope we have is to thrash out an exit negotiation with the EU which gives us continued access to the single market. That way, at least 45% of our trade will continue with fewer problems whilst we spend the next few decades building our global trade agreements back up.
However, there will be a price to pay. Free movement of labour is a virtual certainty, as is continuing to abide by all current and future regulations.
When it comes to the fee, Norway pays more per capita into the EU than we do, and that's even whilst allowing free movement of people. We'll definitely lose our rebate, so payments to the EU are highly likely to be more than they are now.
When politicians, even the pro-leave ones, claim that the UK will be fine, that's purely on the basis that we will preserve as much of the existing trade infrastructure with the EU as we possibly can. In the decades ahead, I'm sure we can build back up to a similar situation we're in now when it comes to trade, but it's critical that we preserve what we've already got as much as possible and as quickly as possible.
Leave supporters won't like that one bit, but our next Government won't have a choice. Boris Johnson and Theresa May share this approach, as does Michael Gove, Dan Hannan and even Jeremy Hunt:
‘What I am making the argument for is what I call the ‘Norway-plus’ model. Norway is a member of the single market, they have full access to the world’s largest single market.
‘They get all the jobs and prosperity and we need that as a great trading nation. But what we need is something else, which is a sensible restriction on the free movement rules which have created the immigration that has worried a lot of people.’
You also have to consider something Boris, Hannan and others have already mentioned: the vote to leave was far from overwhelming. Almost half of the country still wants to remain in the EU, and as hugely pro-remain 15-17 year olds move into voting age in the next three years, the balance of the electorate is likely to shift back to remain.
The urge to keep 17,410,742 leavers happy suddenly isn't as universal as it appears when there are 16,141,241 remainers vying for closer ties to the EU, which is a number likely to increase considerably in the next few years.
There's every possibility that in two years time, our next Government could continue with a heavily integrated associate member status with the EU to give our economy hope, with most of the same requirements we have now, AND get the backing of a slim majority of the public to do that.
