by Rob Marchant
We are out. That’s it, the fat lady has sung.
But of course we are not out at all, not in any meaningful sense. This is just the start of a tortuous, eleven-month scramble to try and get some kind of a sensible result in place by the end of the year.
Remainers have to admit that they – we – lost the argument, at least for now. Leavers have got what they wanted and, ultimately, that’s democracy.
But, Leaver or Remainer, we have had in many ways the worst of all possible worlds. Leavers have not really got what many wanted, at least, not yet. If we leave aside the semi-suicidal, macho contingent who are happy to have the hardest of hard Brexits, moderate Leavers will now see that we now have eleven months to get somewhere on the sliding scale between what one former PM has rightly called the “pointless Brexit” and the “painful Brexit”.
If we end at the “pointless Brexit”, people on both sides will rightly say, we might as well have stayed in. Most of the benefits but without a seat at the table.
If we end at the “painful Brexit”, for example, with few and/or poor-outcome trade deals in place, the economic jolt to come will be memorable. And, it must be said, we have both precious little time to get those deals in place and the poor bargaining power of the supplicant. But we are where we are.
And somewhere in the middle? A bit of both of the above or, perhaps, not even really possible. Perhaps it will quickly converge down to just that binary choice of one or the other: who knows.