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All very good points.
Re this:
I doubt a break up of UK but devolution might be recalled which will cost more and anger more.
May stated she wouldn't withdraw devolved power. A move to do so in Scotland would almost certainly result in another referendum. Which may be on the cards anyway.
May made a lot of noise about listening to what the devolved powers have to say, but I suspect nothing in her speech resembles what was presented to her by Scotland.
My concerns are :
(1) Inflation report has gone overlooked, 1.6%, it is rising faster than the most pessimistic forecasts, Christmas debts might be the first dangerous knocks to UK consumer credit as wage increase won't match it this decade, 2012 might be repeated when bubble gets too big, possibly at same time Canary Wharf has packed up shop for the continent and gov't has to raise income tax to meet shortfall.
(2) The record number of low interest mortgage rates sold last year, on 90%+ LTV, at highest house prices, just as property growth starts to reverse. If people had a 2 year fixed rate that leaves them open to negative equity or default as we officially come out of EU and inflation is 3%. Only exacerbates point (1).
(3) After yesterday, power sharing in Northern Ireland after that speech seems unlikely to return soon. Scotland is going to get very noisy too, maybe Wales will join in. I doubt a break up of UK but devolution might be recalled which will cost more and anger more.
Not to mention the NHS / Social Care time bomb which will persist as low priority in gov't eyes. Pound is surging as dollar weakens in inauguration week, last chance to short sterling as US reflation picks up in first half of year ?
(T.May - "I can confirm today that the government will put the final deal that’s agreed between the U.K. and the EU to a vote in both Houses of Parliament before it comes into force” Bets on for a snap general election forced from strong, decisive opposition led by powerful, virile, populist leader favoured by the press? )