The vote to leave the EU has been a nasty negative shock to the UK economy that is going to lower living standards and cause much pain and suffering
Since the leave vote in the EU referendum, the bad economic news has continued to roll in. A survey by the Royal Institution of Chartered Surveyors published on 14 July, which accounts for the post-referendum period, shows a sharp fall in inquiries from homebuyers. Markit’s flash purchasing managers index (PMI) surveys taken after the vote for both manufacturing and services were especially grim. They exclude retail and construction which may well be even harder hit.