Was Brexit Fear a Giant Hoax or is This the Calm Before the Next Storm?

US Secretary of State has warned the EU not to be vindictive or shoot from the hip on Brexit

by Ambrose Evans-Pritchard
Telegraph.co.uk

Let us separate matters. We face a political upheaval of the first order, but this is a necessary catharsis. Governments come and go. So do political parties.

We face a much more serious constitutional crisis. It is why some of us want a national unity government, keenly alert to the interests of Scotland and Northern Ireland.

As Professor Kevin O’Rourke from All Souls College argues here, most Leavers waltzed into Brexit with scarcely a moment’s thought for trauma inflicted on both sides of the Irish border. This carelessness must be rectified immediately.

What we do not yet face is a global financial crisis or a “Lehman moment”. The world’s central banks were ready for Brexit and have acted in unison.

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