Guyanese Online

Brexit Armageddon was a terrifying vision – but it simply hasn’t happened

By Larry Elliott – The Guardian.

Project Fear predicted economic meltdown if Britain voted leave, so where are the devastated high streets, job losses and crashing markets?

Unemployment would rocket. Tumbleweed would billow through deserted high streets. Share prices would crash. The government would struggle to find buyers for UK bonds. Financial markets would be in meltdown. Britain would be plunged instantly into another deep recession.

Remember all that? It was hard to avoid the doom and gloom, not just in the weeks leading up to the referendum, but in those immediately after it. Many of those who voted remain comforted themselves with the certain knowledge that those who had voted for Brexit would suffer a bad case of buyer’s remorse.   Continue reading →