Across business, I hear one common and growing refrain. No-one knows where this flight is headed. The tax and regulatory framework for business is a blank. Neither the transition period nor the final terrain is clear. We do not even know what the government’s spending and borrowing plans will be, or even the terms on which we will share a common currency and monetary policy with the rest of the UK – assuming there is agreement to share a common currency and central bank. The flight crew assures us all will become clear once we’re airborne and the landing date of autumn 2014 is closer.
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