9 things you expected to happen in the UK this summer but didn’t
1 UK vote to remain in the EU
The obvious one. The faces of Brexiteers-in-chief Boris Johnson and Michael Gove when the result was announced said it all – they were stunned because they didn’t expect it to happen. Why would they? At 10pm on 23 June, and with no exit poll on which to base predictions, bookmaker Ladbrokes was implying a 92% probability of Remain. Within a couple of hours it was all too clear that the bookmakers, along with the establishment and the media, had significantly misjudged things.
2 Interest rate hike
Another widely tipped prediction to fall by the wayside. Instead, the Bank of England has cut base rates (the first change since 2009), moving further into unprecedented waters in response to Brexit. With bond yields falling to the lowest in history, yields on real estate now look attractive by comparison.
3 FTSE crashes
Post Brexit, the FTSE 100 has reached yearly highs, and is on course to set all-time records. Even the more domestically focused FTSE 250 has climbed above pre-referendum levels. While there have been some casualties, the…