Quote:Of course she and the EU will negotiate the free market, they'd be foolish not to. But they're not just going to hand the UK a free pass and tell them to get cracking. They're gonna drag every single obligation out of the UK they have to. All the things the Leave campaign said would happen; own control over immigration, no more being bound by EU law, no more money going to the EU? Not of that is going to happen. They'll be as screwed as the ever were with the added bonus of losing all of their influence in Brussels. 

 

On top of that Scotland is in high gear to leave the UK and join the EU. Northern Ireland is doing the same but at a slower pace. By the time the UK leaves they might not have trade deals with the US and/or China. Pretty soon there won't be a UK economy left to sell things to anymore.

 

Well the markets while turbulent certainly don't seem to be pricing in most of what you are saying. Certainly glad I bought a lot of shares yesterday on the Oz market which was hammered.

 

Obviously there will be concessions on both sides, but with the mess in the eurozone and the UK having such a huge trade deficit it is pretty obvious we could cut a way better deal than any other country in the EU.

 

As for Scotland, their position is tricky, they are very populist up there and also about having their cake and eating it. They want to be in the EU and have the pound but they can't have either outside the UK. Spain will veto forever an independent Scotland joining the EU, and ignorin thatg joining the EU will mean joining the euro, a very tough political sell. 

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