Some of the more serious analysts, shocked by the result, are mounting a campaign of gross exaggeration that Britain is in chaos following the referendum outcome. Although there may be some relatively minor economic and financial turbulence in the short term, this will be more than compensated by the fact that Britain is now in control of its economic destiny and can take unencumbered the decisions that best promote our national interests.
Some pundits are suggesting that negotiations with the EU will take many years thus adding to the uncertainty. There is no need for this alarmism. All that Britain needs to do is to invoke the section 50 procedure which meets our treaty obligations to the EU. Then to repeal the European Communities Act which ends Britain's membership of the EU. Then to pass a single act into which are bundled all the legislation that has been incorporated into British law at the behest of EU directives. These can then be gradually repealed, revised or retained into British law at our leisure by future Acts of Parliament.
The only negotiations that need to take place are over Britain's access to the single market. Our negotiators should make it clear that the freedom of movement into Britain of EU nationals is no longer acceptable and that this matter is non negotiable. As a result the EU will almost certainly block Britain's access to the single market, but we shall still be able to trade with the EU under WTO rules. Given the low tariffs, and the fall in the value of sterling, this should not have a huge impact and may well affect the EU more adversely than it does us. We will no longer be part of the common agricultural and fisheries policies, and with regard to the latter we will now be able to block EU countries from fishing in our territorial waters.
All this is great news for Britain and its people as we enter a new age where we have thrown over the shackles of foreign interference in our affairs and regained control of our destiny.