Originally Posted by
Pontius Navigator
Economist now? Or is it optimist hoping to be proven correct?
Nobody knows, and anybody who says / thinks they do are deluding themselves. You can present the theory for the case either way, as both sides have done since the referendum began, and both sides have produced more heat and noise than light. The 'dismal scientists' will keep churning out theories as woolly as a bad Int brief, the bankers will keep trying to either instil fear to get a better break from the government whilst lining up domestic firms for takeovers by foreign firms seeking to capitalise on the pound and the lawyers and consultants will keep raking the fees in from the whole sorry mess. And that is about the only thing anyone can say with any certainty. Defence spending will go whichever way the government of the day wants to take it at the time, and politically it just isn't important enough to them.