Predictably, the pound has fallen on the latest turmoil - not least because of fears of a leadership election and continuing chaos. I think, however, these events are relatively good for the UK economy.
Whilst there certainly is uncertainty, recent events suggest to me that the chances of a hard Brexit are receding fast. Economic reality, and political reality from the EU negotiation process, finally seems to have dawned on the majority in the UK Cabinet. Economic and political gravity is pulling them closer and closer to a softer Brexit - a pulling force that should now face less wind resistance without Johnson and Davis blowing back. A softer Brexit should herald better news for your economy - at least relative to the nightmare of a hard Brexit.
Even in the unlikely event that Johnson challenges and wins, he doesn’t have the numbers to get a hard Brexit through the Commons. His own Party is divided and the Opposition is unlikely to support his version of a hard Brexit. Indeed, to get a hard Brexit through Parliament from here he’d need the benefit of a totally incompetent Opposition.......errr wait a minute.....
There will be no end to the problems afflicting mankind until economists become rulers, or, by some miracle, rulers become economists.