So Far, So Good for the Post-Brexit Economy

by Allister Heath

We now know a little more about the state of post-Brexit Britain, courtesy of TSB.

It makes for a fascinating vignette: the high street bank says that the referendum did affect consumer behaviour for a few days – but by less so than when England were still in Euro 2016.

Following the referendum, some buyers panicked and cancelled mortgage meetings, but the lull was barely noticeable. The referendum was held on the Thursday; by the Tuesday, mortgage activity had almost returned to normal.

This was better than many of us had feared: while some big companies were gripped by utter panic, and Westminster was in complete meltdown, with no government to speak of, consumers quickly returned to business as usual.

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