However, the next few years are going to be important because the negotiations with the EU will be key in ensuring the economy carries on growing and the actual impact once we officially leave the European Union will determine if there will be a recession or not and if we would have been better off in or out of the European Union.
Unilever said it and Tesco said it and Nestle said it: prices are going to go up. Tesco is the biggest retailer in the land, Unilever and Nestle are two of the biggest food companies on earth. These companies are packed with experts in possession of facts but we are no longer interested in experts and facts.
Today, the UK economy is in a lot better shape. Growth of 3.2% in the year to July - the strongest in the G10 - and the fears that to hold off on rate rises would create potential for dangerous bubbles in credit markets have been enough to move the votes of Martin Weale and Ian McCafferty to vote for a 25bps increase.