I imagine that many readers would be surprised if my piece this
month did not look at implications of the recent "Brexit"
referendum, when the UK electorate dramatically voted to leave the
European Union. This is, after all, the finance column and it is
the financial consequences of this decision that we will all have
to deal with in the short, medium and long term. As the result came
through both currency and stock markets were thrown into chaos and
sharp falls (and rises) ruled until some order was restored. As I
write, UK commercial and residential property funds are being
tested and I am sure there is more volatility to come.
At this point, I should declare my interest. In my pieces
written prior to the vote, I was scrupulous in not revealing my
intentions for fear that I could be accused of seeking to advance
one argument or the other. Now that the referendum is behind us, I
can say that my choice – along with 96% of the Gibraltar
electorate who cast their vote
