https://www.theguardian.com/money/2018/mar/12/london-property-prices-plunge-as-brexit-effect-deepens
Actual Brexit would probably leave the UK with a bigger property slump and many with negative equity - repaying mortgages worth more than their homes. I think Brexit is now a face saving exercise. How can politicians exit the exit, while saving facing? The simplest solution is for leaders to simply outline why Brexit is so damaging, and give people a choice in a new referendum now we have the cards on the table. Previously people were voting largely in the dark, or for false promises. While it's still complex now, a lot more of what Brexit will look like, is apparent.
While wages have stagnated, prices have risen. Post vote the UK has suffered reduced growth and investment. But its the future Brexit reality that is most worrying. A divided Ireland, boarder checks, lorry queues, the loss of key UK industries like car manufacturing and financial services, falling house prices...hard brexit is not a reality even the most deluded Euro-sceptic would want now surely? So we move into a face saving phase.
This could go one of two ways - watered down Brexit, where we're more like Norway with some concessions, or a retraction of article 50. The problem is, politicians need some form of democratic mandate to action a withdrawal of article 50, and there isn't a lot time. But I think we will eventually, as the logic is relatively simple:
1. hard brexit would be devastating for a number of reasons.
2. soft brexit will leave no one happy. It delivers the EU with less sovregnity. Remainers don't want it, and most Leavers cite things that are important to them this form of exit would not address - immigration control and sovereign courts for example. And we'd have little input into the EUs rule formation.
3. if #1 and #2 are a given (and I await ScaraBoy's retort) then the only sensible thing to do is to cancel Brexit,
and focus on the aims of Brexit while staying in the EU. The sooner this 3 stage logic occurs the less damage we'll incur. Despite many in power knowing this, no one has hit on how to make it happen. The face saving conundrum needs innovation.