Um Maki, I'm not sure how you can tell me i'm hitting myself in the face and ask people to be more respectful.
Secondly, you are the one who keeps missing the point about the £7bn, as it is administered by national governments once it leaves the EU any material error is on behalf of the national governments not the EU. The EU simply has to account for it! Examples of things counted as part of the material error are grants made to tourist attractions in the UK, that then faced financial difficulties and closed.
Carol, your points about "disaster happening at the time of the vote" don't stand scrutiny, Cameron said he would invoke article 50 immediately and therefore all predictions are based on this. So far nothing has changed and is unlikely to do so for at least 2.5 years so of course its "business as usual". The markets have settled because of the BOE offering access to funding, the markets have changed though because those that have high values now are those that trade mainly in currencies other than the £ who will see an increase in profits, or are the result of traders taking defensive positions.
However, we have also seen British companies that trade mainly in £ have their values slashed, companies have stated that their long term investment plans and the level of business optimism is low.
"Brexit optimism of the future is winning in reality over the remain pessimism."
Not what the consumer confidence surveys or business optimism ones say. Sorry.