Posted: 24/06/2016 at 11:03
Muddling through will be a very long process. This result doesn't, unfortunately, do anything about the calibre, competence and honesty of the people who will be leading the muddling.
Pat - it will affect investment in jobs, research, education, the environment, regional infrastructure, security and so on plus the freedom to live and work elsewhere. It will affect the UK's ability to influence future international agreements and direction. Scotland is likely to push for independence so it can stay in Europe. Wales and poor counties like Cornwall which don't generate enough income to pay for themselves will lose millions in investment in regional support and where is future funding to come from. Central funds in London raised from taxes in a smaller economy?
The pound has taken a hit which will affect pensions for everyone who has more than just the state pension. International bankers and manufacturers will move investment to mainland Europe to keep access to the bigger EU market.
There has been a colossal lack of information about what being in the EU brings to the UK and the world together with a colossal amount of ignorance about exactly where all the immigrants really come from - mostly from outside the EU. This is gong to affect future prosperity and security for generations and not just in the UK.
I suspect that, as reported from Swindon last night, the extremely high turnout is not so much a considered vote about UK's future in Europe but a protest vote about the political classes and their disconnection from local life.
Brits who own homes on the continent are a pin prick in the bigger picture but those who've retired there on UK pensions are going to take a huge hit in income, access to health care and social security, legal rights and so on.
However, what matters here is the bigger picture, not individuals. This result will have repercussions on mainland Europe and those countries with a growing nationalist agenda as well as Europe's overall security and prosperity.