And although the Government has, rightly, decided to transfer EU law to the UK in order to smooth the Brexit process, it can still set a marker for future reform. There is nothing to stop the Treasury reducing public spending and cutting taxes before 2019. It should certainly not repeat the mistake of raising National Insurance for the self-employed or introducing onerous regulations of its own, such as Making Tax Digital. The dreadful revaluation of business rates comes into effect today and businesses will receive no compensation as of yet and do not even know if they will be eligible for it in the future. Britain cannot afford to shoot itself in the foot.

When it comes to Brexit negotiations, the Prime Minister’s tone has been correct: fair but firm. Britain does not want to damage the EU; the Government has stated that it wants cooperation and good neighbourliness. But if the EU insists on punishing, humiliating, dictating and denying the UK the very economic freedoms it has been fighting for, then Britain must say goodbye. The rest of the world is waiting – and it glitters with untapped potential.