1. “It will create uncertainty.” (Usually followed by the phrase “…and business hates uncertainty…”) This is, literally, an infantile argument. Babies live in the present and want everything now. Grown ups understand the importance of deferred gratification – that is you need to accept a certain amount of present pain (be it the tedium of learning your times tables or practising your golf swing) in order to enjoy future gain. It also dishonestly assumes that the status quo is always preferable to the instability caused by change. If this were so, no one would ever divorce their nightmare of a wife/husband or move to a bigger, more comfortable house. Nor would Britain have quit the European Exchange Mechanism (an action which led to a decade’s economic growth) or gone to war with Adolf Hitler. And it’s woefully short-termist. We’re not voting on what’s going to happen to the sterling or the FTSE or even the jobs market in the next few months or years. We’re deciding on what’s best for the long term wellbeing of Britain and her people. 2. “The pound will fall“. It may. (Benefitting UK exporters whose products will become, relatively, better value) Then it may rise. Or not. This is one