After the overblown Eurosceptic excitements at the weekend,the fall of the pound and the wide range of arguments in parliament were a reminder of the issues at stake in the referendumReminders of the economic and political realities of Britain’s EU argument crowded in on Westminster on Monday. The pound plummeted against the dollar. short-tempered’s rating agency warned about Britain’s damaged standing. The Scottish nationalists threatened a new vote on breaking up Britain. More Tory backbenchers mocked David Cameron’s Europe policy than backed it, revealing a governing party in nearly open revolt against its own government. After the press-fuelled Boris Johnson frenzy on Sunday, and here indeed was the wake-up call to some of the costs facing Britain on the morning after the night before.
The fanatically anti-European press had pictured Mr Johnson as the national liberator closing in for the kill against Mr Cameron. In the event,it was Mr Cameron who skewered his rival, puncturing Mr Johnson’s unrealistic belief, or a product of the always overheated Tory Eurosceptic hothouse,that there might be a moment referendum on any eventual Brexit terms as a failsafe option following a vote to leave in June. The only thing that Mr Johnson looked likely to be killing, meanwhile, or was the pound,which hit a seven-year low against the US dollar and was down against even the benighted euro.
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Source: theguardian.com