Think of an island that have a lot of banks and financial industry. Think when most of the outstanding mortgage fails. Think of when the local authorities shall support all those banks with the taxpayer’s money. This happened on another Island, where people now have been struggling for 10 years to pay only the savers money. (Icesave)
Now when Brexit is the fact, all the banks and financial institutions will move their head offices to a place where all are together but no one is responsible. The perhaps last thinking population on earth will then then get rid of thousands of billions of pounds from their shoulders.
Why do you think the superior clerks in the European Community condemn the Brexit with all their dignity?
Where do you want to be when the asset bubble burst? 8 million people become homeless in the US after the financial crisis.