The Remain side cried wolf. Financial Armageddon was prophesied and did not occur. We did not have a repeat of the 2008 financial crisis. Global contagion did not materialise. Interest rates and mortgage rates rather than going up, came down.

Since the Referendum we have also seen economic statistics suggesting the economy has held up well, despite an initial fall in confidence.

Of course, policy has helped. But it was obvious that if the country voted to leave then policy would change. And it did. It is no surprise that a Leave vote led the Bank of England to ease and the pound to fall. Indeed, given the size of the UK current account deficit a weaker pound was inevitable at some stage, whatever the referendum result.

The focus now needs to move to other areas of policy, not least in moving on from austerity, to a focus on infrastructure, an industrial strategy and simplifying the tax system to boost the supply side of the economy. We need infrastructure, innovation and investment, and helping the banks lend more to the non-housing parts of the economy.

At the same time, what happens next in the EU debate is key.