Beyond eternity

While some might view the latest ‘postponement’ of Brexit as another example of can kicking in reality, it materially changes the outlook by (largely) removing the prospect of a cliff edge exit. We think it’s time to start analysing the outlook for the UK outside the EU. In short, it doesn’t look good as Brexit will solve nothing and actually make many of the UK’s structural problems worse. Those dreaming of “Singapore on sea” have obviously never been to Singapore. The prospect of some visibility could lead to a very short-term improvement in mood, but fundamentals suggest that’ll be short lived.

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