2-3 year hit is optimistic in my opinion. We’re still in austerity. Council spending has been decimated.So far, May has really been accommodating of the EU, thinking that they would reciprocate. She has little experience in neither negotiating nor European proclivity for arrogance. I really hope she has learned something this last week.
If she has, she will push no deal for all it’s worth and finally show the EU that we are not messing around. If she does, they will come back to the negotiating table and find solutions to those things that were impossible. And if they don’t then so be it, we will take a short term 2-3 year hit then progress, while they work out where to get their finance from........
We’re in a fragile state. Any ‘hit’ now is going is going to last a generation I reckon.