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EU corporations looking for a tax haven need look no further than the Dublin Financial services centre, and many have already done so...

Regarding the EPP, you are merely saying it's decline will be much more rapid and dramatic than I suggest.  That may be the case, but it will take more than Brexit to achieve that outcome.

UK citizens have been successfully brainwashed by their elite to the effect that the EU is the cause of all their travails, be it NHS waiting lists, immigration, wage stagnation, housing shortfalls, you name it.

As Trump is demonstrating, you don't need a shred of evidence to sustain those claims, merely endless repetition in popular media.

However the renegade sections of the elite promoting Brexit are going to cause the elite to come in for a road shock: They won't be able to blame to EU for everything quite so convincingly - although they will still try - "foreigners taxing superior British exports" etc.

That is why I predict a primary outcome will be the destabilisation of the UK itself - although that may be a slow process.

Most of the consequences of Brexit will be a slow burn - in the next couple of years all we may seen is a further stagnation of the UK and EU economies...

Index of Frank's Diaries

by Frank Schnittger (mail Frankschnittger at hot male dotty communists) on Tue Jun 14th, 2016 at 02:52:28 PM EST
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