The EU referendum will not drag on, whatever the result

Unlike after the Scottish independence vote, most people will accept the result of the EU referendum, says Merryn Somerset Webb. It’s not in the interest of anyone to keep the anger bubbling under.


I interviewed Scottish Tory leader Ruth Davidson today. We talked about a few interesting things see my piece here and in the magazine.

One thing we didn't talk about much is Brexit it isn't that relevant for this election. But I did ask her before I left if she could see anyway of the UK avoiding the neverendum situation Scotland seems to be in at the moment.

Get your FREE guide to market crashes

What do past crashes teach us about this one? Subscribe to MoneyWeek now and get a free copy of the Little Book of Big Crashes, plus your first six magazine issues absolutely FREE

The SNP, despite all pre referendum promises have never accepted the (very clear) referendum result and go on endlessly about holding another (they are to start pushing again in the summer they say). This is really bad for Scotland's economy and really bad for Scotland's social cohesion. How can it be stopped after the Brexit vote?

Davidson, as usual, has an interesting take on this. There's nothing to worry about here, she says. The problem in Scotland is that "it is so clearly in one party's interest to keep the wound and fissure open." Nationalism works for the SNP so why let it go?

Advertisement - Article continues below

But it isn't in the interest of any one party in the wider UK to hang on to the anger. Both main parties are split between Leavers and Remainers so whatever the result it will be in their interests to accept it and to make the best of whatever it is. Fingers crossed for that.




Brexit begins: what do the UK and the EU want from a trade deal?

With Brexit now done, the trade talks can begin. But who wants what from a UK/EU trade deal, and how likely are they to get it?
3 Feb 2020

Another Brexit delay – so what happens now?

Last week’s excitement over a Brexit deal getting done proved to be premature. John Stepek looks at where we are now, and what it means for your money…
21 Oct 2019
Share tips

Brexit: Will we stay or will we go? And what does it mean for investors?

Brexit has descended into a farcical war of attrition. John Stepek looks at what it all means for your money – whatever the eventual outcome – and pic…
10 Oct 2019

It’s “Brexit or bust” for Boris

Boris Johnson’s strategy is straightforward – to make sure that he’s “the people’s choice” at the inevitable upcoming general election
10 Oct 2019

Most Popular


House prices and Covid-19

The housing market is in deep freeze – what happens when it thaws out?
5 Apr 2020

Markets rebounded sharply yesterday – have we seen the bottom already?

Markets shot up yesterday on hopes that coronavirus infection rates are slowing. Could we be seeing the bottom? And if so, asks John Stepek, what happ…
7 Apr 2020
Global Economy

Who’s going to pay for the war on coronavirus?

Central banks and governments are throwing money at coronavirus to stem the pandemic and prop up their economies. But who's actually footing the bill?…
6 Apr 2020

Trading: you can be sure of Shell

Oil won’t stay low forever – and Anglo-Dutch oil giant Shell looks both lean and cheap.
5 Apr 2020