(From The Telegraph)
Even so, the circumstances of the referendum were not ripe for victory. David Cameron only called it to hold his own party together; and once it was called,he decided to turn the British and global establishment against it. Out came the Treasury, the IMF, even the President of the United States to argue that Britain had to stay. This was textbook politics, how things used to be done – and it worked back in 1975 when the UK voted overwhelmingly on good advice to stay in the Common Market.
But this time the establishment consensus coincided with a historic loss of faith in the experts. These were the people who failed to predict the Credit Crunch, who missed the greatest economic disaster to hit us since the Great Depression. And we were supposed to believe them? Slowly the consensus came to resemble not just a conspiracy but, worse, a confederacy of dunces.