The Chancellor opted not to make any changes to tax or spending policy at last week’s Spring Statement, so instead the focus was firmly on the economic assumptions that underpin the public finances.
So, the UK has voted to leave the EU. But what does that actually mean? For now, it means no change, as David Cameron signalled today that his successor decides whether to trigger Article 50 of the Lisbon Treaty. Only when this happens does the clock start to tick on two years of negotiation for the UK’s exit from the EU. In the meantime, we have seen heavy falls in UK equities, sterling has slumped, and we can anticipate further short-term volatility. But what are the key questions emerging from the Referendum results from a NI perspective? Continue reading