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will mean Austerity has to be turned up a notch.
Or Corbyn gets in and we have an epic wave of New-Deal-style infrastructure projects, borrowed from the world markets at horrific interest rates, plunging us into epic levels of deficit that match Japan.
hugo7-
Unless you're predicting interest rates post-Brexit, take another look at cost of government borrowing. Then take discounting into consideration. The UK should have been borrowing over the last handful of years and doing exactly that.
Additionally, Japan's problem is also demographic. Comparisons are not particularly useful.
I think this is the reality - there is no way back, no way forward, we have to accept that the UK is about to get kicked out of the EU and our economy is going to implode.
Even if May resigns on Schedule (18th of August) and the Tories cancel Brexit the damage already inflicted will mean Austerity has to be turned up a notch.