How you going to play this out? From a traders view
Loss of markets and deteriorating Ballance of Payments. Ultimately leading to the reduced purchasing power of the pound.
Similar to how UK found it self post WWII.
Anyone who has some idea of economic history of the British Empire and how the rise and decline played out would know that since the height around 1880s with the great exhibition at Crystal Palace, it's been all down hill.
Effectively, declining industries and loss of markets.
The question you ask is a very potent and fundamental one. One that I'm sure is challenging the minds of many academics and industrialists. What is our edge. What is our USP. Where are the cash cows of tomorrow?
I would have to ask what are we doing that is different to 50s or 60s or even 70s and 80s. Carry on as you were.
I don't know is the answer but I am not optimistic about our future. Fundamentals and paradigm shifts have occurred but UK is still snuggling up to Uncle Sam's arse.
Ultimately, one would have to look at the pound as to whether UK is earning her way and keep on the international stage.
Struggling to hold 1.40 against the $. We've come down from the heights of $10, $8 and $4 once upon a time in the West.
I do not see our leaders being of men of integrity but standards falling. Civil servants holding multiple jobs with conflict of interest. PM is a fundamental obsessive and compulsive LIAR (carrying on from the tailes of BLIAR). Cabinet ministers awarding contracts to their vested companies. Government policy made on the fly to fill ministers pockets. Moggy voting for Brexit to avoid financial transaction tax and moving operations to Ireland. I mean we are becoming a banana republic. It fills me with dredge that the British public are turning a blind eye to all these transgressions of good civil practice and breaches of integrity.
Do you not see it?
Do you still believe in flip flop Boris with his vain ambitions trying to emulate Churchill.
Labour party full of nit twits.
How would I trade Brexit... Can I come back to you in 10 years time... Right now dunno. Not expecting much joy and plenty of more misery to come.
Looking forward to my retirement which is on the horizon just over the Wessex Downs.