Think-tank report says Brexit is the 'firing gun on a decade of disruption'.

Despite all the bogus promises made by the leave campaigners, experts and businesses are still very much in limbo as most of such promises seem to be far from reality which may take about a decade or more to gradually begin to pick up.

The decision to leave the EU via the June 23 referendum appears to have put the UK on course for 10 years of disruption.

The country’s political and economic order now faces “profound shock” which has the potential to destroy economic growth and standards of living till 2030, as reported by centre-left think tank IPPR.

According to the content of the report, the commotion is surfacing at period when the UK’s population for the elderly is threatening to place fresh strains on the country, as the funding gap for is projected to rise to £13bn for adult social care.

Some say that "Brexit is the firing gun on a decade of disruption.

"Even as what we do and how we work changes, the UK is likely to remain trapped in a low growth, low interest rate decade driven by demographic shifts, productivity trends, weak investment, weak labour power, high levels of debt, and the headwinds of a slowing global economy.

"Without reform, our political and social system will struggle to build a more democratic, healthy society in the decades ahead, even as Brexit accelerates us towards a radically different institutional landscape."

It adds that "exponential" improvements in new technologies will put two-thirds of jobs at risk of automation in the 2020s.

According to Baroness Susan Kramer, Lib Dem Treasury spokesperson, the report's Brexit warning was a "devastating indictment of the Conservative Government".

She said: "In the face of huge global challenges, the Conservative response is to haul up the drawbridge and hope that the future will go away.

"Many of the huge international challenges identified in the report are more effectively faced working with our European friends, and within the single market."

In the meantime, shadow Brexit secretary Kier Starmer said the report "shows once again the clear dangers of a hard Brexit".

A Government spokesperson said: "We have been clear that we are seeking a bespoke arrangement for the UK - one that gives British businesses the maximum freedom to trade with and operate in the single market but also allows us to make our own decisions on immigration.

"While there may be challenges ahead, we approach them from a position of strength."