British European crisis in one equation = 56 x 76 x 92

Suez 1956- The UK attempts to take geo strategic action independently- world steps in to shut it down

IMF 1976- The UK attempts to take independent financial-economic action, the world steps in. UK’s economic policy run by IMF

ERM 1992- The UK attempts to take independent European action, without European solidarity. Europe/ world steps in

 

Today’s crisis is a compound of three types of hubris