We had been led to believe that Britain would go into economic meltdown if it voted to leave the European Union. It appeared that Britain´s economic well-being was based on being a member of the EU. But two months after the referendum and the British economy appears to be in relatively good shape. In fact, unemployment fell in July. It is early days and the negotiations haven´t even started yet, but the talk of a premature demise of the British economy appears to be have been just that - premature. There are many important challenges ahead but so far the Good Ship Great Britain is steady as she goes.
The British ambassador to Spain, Simon Manley, told the Bulletin last week that he had contacted the CEOs of all the Spanish companies which had invested in Britain after the referendum result. They all agreed that it would not stop them doing business in Britain. So perhaps the European Union Stay Camp got it all wrong.
There is a danger that the British economy could contract and that the weaker pound may be bad news for Britons bound on holiday to Majorca, but it is fantastic for British exporters. So, at least for the time being, it is a question of Keep Calm and Carry On. As regular readers of this space will have realised I still believe that Britain should stay in the EU. But at the moment it appears that nothing has changed.