Stock answer to everything
Whatever your view on the referendum a good index to follow is the money markets.
The pound sterling has fallen with the uncertainty and the chance of a leave vote. What does this tell us? We are a country that imports more than it exports and rely on international capital investments to balance the books. However, much of this investment is premised on us being in Europe.
Leave and the pound sterling plunges and the pound in your pocket buys less. The cost of living rises. Its already showing with holiday money. This is something the leavers ignore with the platitude: “Don’t worry it will be all right” – their stock answer to everything.
Leslie Scott