Friday, 24 June 2016

Brexit vote

4:00 am in UK.
Leave 9.1 m Remain 8.7 m.
Where Leave win they're doing so by big margins, 10-30%. Where Remain win theyre doing so by smaller margins.
Seems Leave are lower class areas. Remain the elites areas.
Remain was the comfortable option for urban elites, no change no hassle.
The Leavers want less immigration (because it's their wages that are reduced), and want to bring back sovereignty.
In sum:
Economic effects: a wash. 1-2% this way or that, neither here nor there.
Sovereignty: bring it back by leaving.

Sent from my iPhone