Lots of focus is now on the selection by the Tory party of the next PM; and rightly so, because the decisions made now will affect whether we can achieve a smooth exit or not. One faux-pas and it might be auf wiedersehen, pet to any sweetheart deal with Queen Europe. Luckily, international leaders are urging all parties to behave sensibly and it is in nobody's interest to foul up the world economy.
But there is plenty that the UK government can crack on with on the domestic front, to try to keep the economy whizzing along nicely during potentially turbulent times. Mark Carney has hinted at a rate cut, which has confirmed the Pound as a weakening currency. So far, so good. He could go further, of course: he should re-affirm that no monetary tightening efforts will be made unless and until any signs of inflation arise. He could set an explicit inflation-trigger-level, perhaps, and make sure that nobody is under any illusion that the exchange rate will be propped up.
Next, the new Chancellor should swoop in and make some emergency business tax cuts. Take a few points off the Corporation Tax rate, and set out a timetable to phase out employers' national insurance "contributions". The government must send a message to the outside world that the UK is Open For Business. A reduction in business overheads ought to stave off any worries about tariffs that might be imposed by the rEU if a hard exit does happen. After all, a suggestion I read was that the average tariff on the sort of stuff that we sell to other EU countries is about 4%, which is relatively easy to deal with, with some judicious tax cutting and a falling Pound.
At the same time, a review into the operation of the VAT system is a nice easy early start, too. Even if we end up staying within the EEA we can play around with the VAT system in a way we cannot within the EU. Show voters and the world what a difference it can make to be in charge of our own decisions. Abolish the "tampon tax".
Make it immediately clear that it will not play politics with the people from other EU countries who are already here living and working. We absolutely must not use the possibility of throwing people out as a bargaining chip. Anything other than this leads to uncertainty for everyone, and leaves space for rumours and threats.
Start talking to friendly non-EU countries about trade deals. Get the momentum going. Boris said that he has been quietly approached by various important markets. Make it less quiet. Get those orders in and show the French and Germans that we will be quite happy to compete with them in the world. Set up a trade fair. Send Prince Charles around. Invest in a Trade Force One jet to fly business leaders around the world and to bring them to Britain. Reinvigorate the Board of Trade, appoint a President of it.
Set up an investigatory committee to look at what rules and regs have been put in place under our EU membership that could be tweaked or abolished. We have the Law Commission to review the criminal law, let's have something similar to make sure that we only have sensible and light-touch regulation. Some areas will be out of bounds until we know whether we are inside the single market or not; that is fine, start with the low-hanging fruit.
There is one HUGE risk for Brexiters: that the economy tanks while we are sorting out what we are doing.