Purveyor of Bollocks to the Crowned Heads of Europe
Friday, 24 June 2016
£200 billion gone overnight
Here we go - I don't know where, but we're off.
You know the worst thing about Britain's exit from the European Union is not so much the financial impact (which has already begun to happen in a big way), it is the mandate given to the far-right nationalists - not only here in Britain, but all over Europe, if not the entire world.
One good reason why Germany and the other strong three will not make things easy for the U.K. now that it has decided to leave, is the worry that if they do, then many of the remaining 27 will be queuing up to get the same trade deals and concessions, causing the total collapse of the E.U. We are definitely in for a very rough ride indeed.
David Cameron has resigned, leaving the job open to hard nationalists like Boris Johnson and Gove. Can you imagine?!
Already, a Polish ambassador has been on British radio, trying to calm down all the Poles who currently work here, and he will not be the last - we have many other nationalities doing good work in this country.
The Governor of the Bank of England has been trying to calm the markets down as well at 8.30 this morning. They have contingency plans in place apparently, and these include more 'fiscal easing' or bail-outs, but I bet they don't include the protection of private pensions.
I was just thinking about what Europe would feel like if it reverted back to individual countries with tight borders. Safer? I don't think so.
I have to go to the Post Office to pick up a parcel today. I think I will cash in our Euros at the same time. You can get 1.25 to the pound today - 25% more than yesterday.