I have held off being negative about the brexit vote, partly because i was a very tentative remainer and partly because i truly hope this all works out, it is after all too soon to tell, there are however some worrying warning signs of what is to come. I for one was under no illusion that an exit vote would be a free pass for the Tories to plough through their ideological policies under the guise of shoring up the economy post brexit, George Osborne announces corperation tax will be cut to 15%, this is the lowest of any G7 nation, it is being implemented under the guise of attracting business to the UK, in theory this will then create jobs and wealth which will trickle down and permeate all levels of society, it is however a well documented fact with evidence over decades that the trickle down economy theory does not work, it will simply make the rich richer and the poor poorer. Mark Carney of the bank of England announces that the amount banks have to keep as surplus will be reduced, Although it was the biggest financial crisis.......ever and the deficit has tripled since it occurred and we are still being faced with austerity measure because of it, people seem to have forgotten (or coaxed into a memory lapse by the main stream media) that the whole mess was caused by the banking system, as a result stricter banking practices (far more lenient than imposed by America) were enacted in England to prevent another crash, one of the main problems was that the banks didn't carry enough surplus funds to ride out the economic crash, ergo the British public had to foot the bill ergo the massive austerity we face today, so in light of the economic turmoil we face due to the brexit vote what would be a sound economic policy...........to allow the banks to put themselves back into a position that they are too big too fail and potentially come back with their begging bowl for another bail out? Everything is on the table everything is fair game, they will tell you they are cutting bureaucratic red tape, that is double speak for removing rights that are a hindrance to profits
