I'm starting to believe that the original plan once the surprise result was known, was to push for an unplanned WTO exit. This was to be designed to create massive disruption, and then allow the bankers to return with a new plan for the British Commonwealth. We now see that defence spending is increasing, and exports of world class weapons such as the type 26 frigate are increasing. The plan is obviously to create a much stronger Britain with its own pseud-independence. The battle now is to gain real independence

The banking issues are real red herrings. Most EU derivatives are based on LIBOR, and the EU doesn't have a common language, although there was talk that they should adopt English, what an irony. The bankers are not going to move out of the City of London, and many seem to consider that it is more important than Wall Street in international finance. Banks will no doubt expand branch offices in the EU, but most of the derivatives markets are routed through London, and it will be a massive cost to change this. Sterling also has a stronger and more stable future than the debt ridden Euro, so why would they want to embrace a dying asset. The Euro was a great creation to continue the expansion of the German economy, but it looks as if it has served its purpose, and Italy and other countries will probably bring it down. That is without even considering the impact of the failure of Deutschebank.

With regard to tax havens. During the period of the decline of the British Empire, the wealthy elite created a complex structure of trusts, and there were written into UK law. Most of the Western World's wealth is hidden and accumulated in these, and this won't be changed. They are the reason that the world's truly wealthy families and dynasties don't appear in the rich lists.