Farage has a great deal of courage. UKIP will grow once the Brexit financial shenanigans, caused by the elites to discredit the movement, passes. Long live Britain.
Farage is an adult talking to an assembly of juveniles.
The only economic hits I'd expect to see from the Brexit is to the high priced prostitute and caviar industries located in Brussels. Once the current caterwauling dies down, I'd expect Britain to be financially more secure once they cut their cord to the legion of EU overlords and bureaucrat leeches.
But I agree that the leeches are going to fight back hard to punish the host that is trying to shake them off.
“UKIP will grow once the Brexit financial shenanigans, caused by the elites to discredit the movement, passes.”
The Brits had two bad days on their stock market (Down 5%), with a nice bounce up on day three (up 3%).
About a 10% drop in their currency against the dollar, which will help their trade balance in a few months, if it holds.
The bottom line so far is that the shifts seem to be within the range of fairly common market adjustments - nothing apocalyptic. The European markets were hit about twice as hard, and also bounced up on day three.
If they could weather the Greek crisis, which was very real debt, they can handle this, which is just a renegotiation of terms.
In the end. Europe (i.e. Germany and France), need the UK more than the UK needs them.
UK is a big bill-payer for the EU - Two dollars in for every dollar they get back, not counting the regulatory burden or benefits for immigrants.