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Brexited: what lies ahead for the United Kingdom

Paul Hodgson | July 6, 2016

Cesc Fàbregas, Christiano Ronaldo, Robin van Persie, Mario Balotelli, Bastian Schweinsteiger; if the Remain campaign had told the electorate that exiting the European Union would prevent any of these great European players from playing in England’s premier league, leaving us with the sort of teams that lose to Iceland, the Brexit result might have been very different.

The fallout from the Leave vote continues to settle over London in all sorts of areas; the Bank of England is planning to cut banks’ capital requirements as early as this week and could cut interest rates within months, sterling continues to fall and gilts have gone negative, Norwegian energy company Statoil says the Brexit vote presents a risk to co-operation on climate change, Barclays and Royal Bank of Scotland both briefly suspended their shares last week to prevent yet more catastrophic losses and the S&P cut Britain’s credit rating.

The Bank of England has also reduced the so-called...

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