Every ratings firm took a battering over sub-prime mortgages. Hardly news.
It takes nothing away from the fact that S&P are an independent ratings firm.
I certainly accept the fact that S&P is an independent ratings firm. I also accept the fact that they are demonstrably incapable of providing independent or credible financial or economic evaluations, based on their record of an incompetent, deceptive and near-criminal role in the 2008 sub-prime debacle. I don't see why I should be expected to believe anything that organisation says after that. They should have suffered the same fate as Arthur Andersen after Enron.
And even if one
was willing to accept anything S&P says, once again, they have said that the UK has lost £66Bn in 'economic growth' (ie an
estimated loss in GDP due to Brexit - since they may have been many other factors) and the Remainer (and economically illiterate) journalist has translated this into 'cost each person £1,000'. But this is turning a (notional) 'economic activity' figure into an actual 'loss' figure. At the simplest level this is confusing 'turnover' with 'P&L', but it is really worse than that, since GDP is such a silly measure of an economy and bears only slight relationship to individual financial well-being.
And, finally, Remainers continue to go on about the supposed damage to the UK economy from 'Brexit uncertainty' and then 'Brexit' (presumably), based on all sorts of analysis and forecasting which may or may not be credible, but they do not pay attention to what the economiv conseuences of staying in the EU might be (using the same sorts of - made up - analysses and forecasts) which can be spun to show the EU haveing a golden future or being a complete disaster. The choice is alwasys presented as 'stay with the lovely EU, which will always be fine' vs 'face the inevitable doom of independence'.
And really finally, Remainers don't 'get' that most Brexiters are willing to take a certain amount of economic pain (if there is some), in order to do the right thing (even people without wealth and privilege). Just as it was worth experiencing some pain to try to deal with the attempted or successful European conquests of Britain in 43, 991, 1066, 1554, 1588, 1597, 1688, 1803-1805, 1939-1940 and 1973.