FabSwingers.com forum: Cutting back due to brexit

By (user no longer on site) OP
over a year ago

Whilst I voted Leave - and that's not the point here, I am also worried about a recession

I have started cutting back spending. Is anyone else being cautious and what are they cutting back on?

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By (user no longer on site)
over a year ago

Most definitely,

Haven't a clue whats going to happen during this renegotiation phase and the next coming months or years.

Despite Osbornes speach this morning, markets and the pound have taken another battering.

I was thinking of moving house but that's definitely on hold now to see what happens

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By *rightonsteveMan
over a year ago

Brighton - even Hove!

Although, of course, if people upped their spending, then any perceived or real recession would turn into a boom. There's no recession. Keep spending - it's what keeps the economy going. Although if you keep loads of cash in saving and interest rates go up, you'll be a winner. Tricky, ain't it just?

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By *olgateMan
over a year ago

on the road to nowhere in particular

If England win well tonight the pound will rally tomorrow

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By *omersetfun15Couple
over a year ago

bridgwater

Moneys too tight to mention,

Cut back.....

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By *olgateMan
over a year ago

on the road to nowhere in particular

Then again if England carry on at this rate, sterling will tank

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By *rightonfranceMan
over a year ago

brighton - chalais france

"Then again if England carry on at this rate, sterling will tank

Already has against the dollar - 31 year low today!!!

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By (user no longer on site)
over a year ago

"Whilst I voted Leave - and that's not the point here, I am also worried about a recession

I have started cutting back spending. Is anyone else being cautious and what are they cutting back on?"

Absolutely not; Live like you are dying

make the most of every day and live each day in full

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By (user no longer on site) OP
over a year ago

"Whilst I voted Leave - and that's not the point here, I am also worried about a recession

I have started cutting back spending. Is anyone else being cautious and what are they cutting back on?

Absolutely not; Live like you are dying

make the most of every day and live each day in full"

So I should buy that Range Rover then?

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By *rightonsteveMan
over a year ago

Brighton - even Hove!

"Whilst I voted Leave - and that's not the point here, I am also worried about a recession

I have started cutting back spending. Is anyone else being cautious and what are they cutting back on?

Absolutely not; Live like you are dying

make the most of every day and live each day in full

So I should buy that Range Rover then?"

No, it would be better if you had a spare £50k to spend it on a wider range of goods and services to keep more businesses going. A large company like Range Rover can afford to absorb a non sale but a small company? You might've the customer that keeps them going.

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By (user no longer on site)
over a year ago

Looks like only England can exist the Euros twice in a week LOL!

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By *iamondsmiles.Woman
over a year ago

little house on the praire

Havent changed anything spending wise

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By (user no longer on site) OP
over a year ago

"Whilst I voted Leave - and that's not the point here, I am also worried about a recession

I have started cutting back spending. Is anyone else being cautious and what are they cutting back on?

Absolutely not; Live like you are dying

make the most of every day and live each day in full

So I should buy that Range Rover then?

I wish RR was 50! More like 70

So 10 Rolex's instead ?

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By (user no longer on site)
over a year ago

I'm banking what's left from previous months pay when new payday arrives.

I would normally splurge it!

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By *rightonsteveMan
over a year ago

Brighton - even Hove!

"Whilst I voted Leave - and that's not the point here, I am also worried about a recession

I have started cutting back spending. Is anyone else being cautious and what are they cutting back on?

Absolutely not; Live like you are dying

make the most of every day and live each day in full

So I should buy that Range Rover then?

I wish RR was 50! More like 70

So 10 Rolex's instead ?"

It's easier if I do it for you. Gimme the 70 reddies and I'll txt you next year about how the economy is doing.

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By (user no longer on site)
over a year ago

At the moment nothing has changed immediately, unless you were cashing in shares, pensions or planning on getting your US Dollars. House Prices may drop and I'm thinking of possibly working abroad. Then returning when we're more sorted. Is it true though it may take more than two years for us to leave?

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By *mmabluTV/TS
over a year ago

upton wirral

If people think recession there will be a recession,it is a self fulfilling prophecy.

Be positive and confident and the problems will soon pass.

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By (user no longer on site)
over a year ago

"Whilst I voted Leave - and that's not the point here, I am also worried about a recession

I have started cutting back spending. Is anyone else being cautious and what are they cutting back on?"

we voted leave. the brexit wont really effect us or our plans. we are hoping to buy a house in an EU country in the next year or two. if anything this past weekend ive had more sales to Europe than ive had in the past 6 months

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By (user no longer on site) OP
over a year ago

"I'm banking what's left from previous months pay when new payday arrives.

I would normally splurge it!"

Good idea

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By *iamondjoeMan
over a year ago

Glastonbury

"Whilst I voted Leave - and that's not the point here, I am also worried about a recession

I have started cutting back spending. Is anyone else being cautious and what are they cutting back on?

Your foreign house will cost you more.

Let's hope the foreigners are more tolerant of migrants than the great British public.

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By (user no longer on site) OP
over a year ago

"Whilst I voted Leave - and that's not the point here, I am also worried about a recession

I have started cutting back spending. Is anyone else being cautious and what are they cutting back on?

Good to see you doing well, what you sell? Anti Britian flags?

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By (user no longer on site) OP
over a year ago

"Whilst I voted Leave - and that's not the point here, I am also worried about a recession

I have started cutting back spending. Is anyone else being cautious and what are they cutting back on?

Absolutely not; Live like you are dying

make the most of every day and live each day in full

So I should buy that Range Rover then?

I wish RR was 50! More like 70

So 10 Rolex's instead ?

It's easier if I do it for you. Gimme the 70 reddies and I'll txt you next year about how the economy is doing.

70 quid and you will get me a Range Rover?

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By *igsteve43Man
over a year ago

derby

The whole reason a recession happens is people believe there will be one and stop spending if the markets have not rallied in three months think then but I went shopping today and unsurprisingly nothing had changed price

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By (user no longer on site)
over a year ago

"Whilst I voted Leave - and that's not the point here, I am also worried about a recession

I have started cutting back spending. Is anyone else being cautious and what are they cutting back on?

Your foreign house will cost you more.

Let's hope the foreigners are more tolerant of migrants than the great British public.

but my foreign house is now worth more

spend guys, there will be no recession

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By (user no longer on site) OP
over a year ago

"The whole reason a recession happens is people believe there will be one and stop spending if the markets have not rallied in three months think then but I went shopping today and unsurprisingly nothing had changed price"

Economic growth isn't just fuelled by consumer spending

There's exports, FDI, govt spending, business to business sales etc

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By (user no longer on site) OP
over a year ago

"Whilst I voted Leave - and that's not the point here, I am also worried about a recession

I have started cutting back spending. Is anyone else being cautious and what are they cutting back on?

Your foreign house will cost you more.

Let's hope the foreigners are more tolerant of migrants than the great British public.

but my foreign house is now worth more

spend guys, there will be no recession"

If you can liquidate it

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By (user no longer on site)
over a year ago

"Whilst I voted Leave - and that's not the point here, I am also worried about a recession

I have started cutting back spending. Is anyone else being cautious and what are they cutting back on?

Your foreign house will cost you more.

Let's hope the foreigners are more tolerant of migrants than the great British public.

at the current conversion rates it is only marginal. i think in general the uk populace has been pretty tolerant..

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By *eMontresMan
over a year ago

Halesowen

"At the moment nothing has changed immediately, unless you were cashing in shares, pensions or planning on getting your US Dollars. House Prices may drop and I'm thinking of possibly working abroad. Then returning when we're more sorted. Is it true though it may take more than two years for us to leave?"

I'd guess at 5 years or more. In 1982 it took Greenland, with a population of 52,000 (less than half the size of Cheltenham), 3 years to negotiate an exit. The only thing up for discussion was their fishing rights.

Things will be a bit bunpy for the next couple of weeks until the hysteria dies down and the dust settles.

I'm just carrying on as normal.

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By *ee VianteWoman
over a year ago

Somewhere in North Norfolk

I'm a student. I don't have much more I can actually cut back on!

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By (user no longer on site)
over a year ago

No I'll carry on as normal. If we all cut back recession is guaranteed.

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By (user no longer on site)
over a year ago

"Whilst I voted Leave - and that's not the point here, I am also worried about a recession

I have started cutting back spending. Is anyone else being cautious and what are they cutting back on?

Your foreign house will cost you more.

Let's hope the foreigners are more tolerant of migrants than the great British public.

but my foreign house is now worth more

spend guys, there will be no recession

If you can liquidate it "

true. Good job I don't want to. All this shite will blow over soon

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By *he_tykiesCouple
over a year ago

West Yorkshire.

"Whilst I voted Leave - and that's not the point here, I am also worried about a recession

I have started cutting back spending. Is anyone else being cautious and what are they cutting back on?"

I am a Yorkshireman with short arms and deep pockets, so my spend is frugal to start with

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By (user no longer on site)
over a year ago

The fuel price will go up 3p this week then after food prices will increase.

My spending are the same and on haribos too

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By *iamondjoeMan
over a year ago

Glastonbury

"Whilst I voted Leave - and that's not the point here, I am also worried about a recession

I have started cutting back spending. Is anyone else being cautious and what are they cutting back on?

Your foreign house will cost you more.

Let's hope the foreigners are more tolerant of migrants than the great British public.

but my foreign house is now worth more

spend guys, there will be no recession"

Your foreign house costs more in pounds but is worth the same in Euros?

I don't get it

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By (user no longer on site) OP
over a year ago

"Whilst I voted Leave - and that's not the point here, I am also worried about a recession

I have started cutting back spending. Is anyone else being cautious and what are they cutting back on?

Your foreign house will cost you more.

Let's hope the foreigners are more tolerant of migrants than the great British public.

but my foreign house is now worth more

spend guys, there will be no recession

Your foreign house costs more in pounds but is worth the same in Euros?

I don't get it "

If they sell they can covert those Euros into Pounds and they will get more pounds than they use to

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By (user no longer on site)
over a year ago

"Whilst I voted Leave - and that's not the point here, I am also worried about a recession

I have started cutting back spending. Is anyone else being cautious and what are they cutting back on?

Your foreign house will cost you more.

Let's hope the foreigners are more tolerant of migrants than the great British public.

but my foreign house is now worth more

spend guys, there will be no recession

Your foreign house costs more in pounds but is worth the same in Euros?

I don't get it "

if I sold it in euros I would have more pounds now. No?

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By (user no longer on site) OP
over a year ago

"Whilst I voted Leave - and that's not the point here, I am also worried about a recession

I have started cutting back spending. Is anyone else being cautious and what are they cutting back on?

Your foreign house will cost you more.

Let's hope the foreigners are more tolerant of migrants than the great British public.

but my foreign house is now worth more

spend guys, there will be no recession

Your foreign house costs more in pounds but is worth the same in Euros?

I don't get it

if I sold it in euros I would have more pounds now. No?"

Why wouldn't you, Euro has appreciated against GBP

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By (user no longer on site)
over a year ago

[Removed by poster at 27/06/16 22:54:23]

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By (user no longer on site)
over a year ago

Italian banks are nearing a crash due to Brexit....imagine the haters in EU grouping together.

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By (user no longer on site) OP
over a year ago

"Whilst I voted Leave - and that's not the point here, I am also worried about a recession

I have started cutting back spending. Is anyone else being cautious and what are they cutting back on?

Your foreign house will cost you more.

Let's hope the foreigners are more tolerant of migrants than the great British public.

but my foreign house is now worth more

spend guys, there will be no recession

Your foreign house costs more in pounds but is worth the same in Euros?

I don't get it

if I sold it in euros I would have more pounds now. No?

Why wouldn't you, Euro has appreciated against GBP

whatever. So foreign properties are cheaper then, which goes against the first post"

No, they are more expensive

Euro has appreciated, is more expensive

So 100 euros now buy you more gdp

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By (user no longer on site)
over a year ago

"Although, of course, if people upped their spending, then any perceived or real recession would turn into a boom. There's no recession. Keep spending - it's what keeps the economy going. Although if you keep loads of cash in saving and interest rates go up, you'll be a winner. Tricky, ain't it just?

please send us all your money so we can sped it to keep the economy going as all of mine was wiped out with the markets being in free fall

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By (user no longer on site)
over a year ago

"Italian banks are nearing a crash due to Brexit....imagine the haters in EU grouping together."

Expect the Italians to change sides soon then

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By (user no longer on site)
over a year ago

"Italian banks are nearing a crash due to Brexit....imagine the haters in EU grouping together."

and doing what? The Italian banks crash the Italians will want out. The EU tries to punish the UK they will be seen around the world for what they are. Anti democracy and vindictive. Do they want to be seen like that? The rest of the world would then understand why we left

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By (user no longer on site)
over a year ago

"Italian banks are nearing a crash due to Brexit....imagine the haters in EU grouping together.

Couldn't agree more.

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By (user no longer on site)
over a year ago

"Whilst I voted Leave - and that's not the point here, I am also worried about a recession

I have started cutting back spending. Is anyone else being cautious and what are they cutting back on?

Your foreign house will cost you more.

Let's hope the foreigners are more tolerant of migrants than the great British public.

but my foreign house is now worth more

spend guys, there will be no recession

Your foreign house costs more in pounds but is worth the same in Euros?

I don't get it

if I sold it in euros I would have more pounds now. No?

Why wouldn't you, Euro has appreciated against GBP

whatever. So foreign properties are cheaper then, which goes against the first post

No, they are more expensive

Euro has appreciated, is more expensive

So 100 euros now buy you more gdp"

ye thats what I said first, sorry didnt realise you were agreeing with me

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By *horehouseCouple
over a year ago

dissatisfied

"Whilst I voted Leave - and that's not the point here, I am also worried about a recession

I have started cutting back spending. Is anyone else being cautious and what are they cutting back on?"

Wise move spend as little as you have to .then when the arse has fallen out of something property stocks ect .move in for the kill...

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By (user no longer on site) OP
over a year ago

"Whilst I voted Leave - and that's not the point here, I am also worried about a recession

I have started cutting back spending. Is anyone else being cautious and what are they cutting back on?

Wise move spend as little as you have to .then when the arse has fallen out of something property stocks ect .move in for the kill... "

Agreed,can't wait to benefit from someone else misery

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By *winny445Man
over a year ago

battersea

in the future we will be known as

a lost generation.

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By (user no longer on site) OP
over a year ago

"in the future we will be known as

a lost generation.

Do you not have a map?

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By (user no longer on site)
over a year ago

"Whilst I voted Leave - and that's not the point here, I am also worried about a recession

I have started cutting back spending. Is anyone else being cautious and what are they cutting back on?

Wise move spend as little as you have to .then when the arse has fallen out of something property stocks ect .move in for the kill... "

thats how I got my reposessed house in Spain at half price thanks to the EU and the Euro. Fuck the Spanish eh

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By (user no longer on site)
over a year ago

"Whilst I voted Leave - and that's not the point here, I am also worried about a recession

I have started cutting back spending. Is anyone else being cautious and what are they cutting back on?"

Cutting back is a good way to cause a recession....like a self-fulfilling prophecy!

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By (user no longer on site)
over a year ago

"Whilst I voted Leave - and that's not the point here, I am also worried about a recession

I have started cutting back spending. Is anyone else being cautious and what are they cutting back on?

Wise move spend as little as you have to .then when the arse has fallen out of something property stocks ect .move in for the kill...

thats how I got my reposessed house in Spain at half price thanks to the EU and the Euro. Fuck the Spanish eh

Thats the spirit

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By *horehouseCouple
over a year ago

dissatisfied

"Whilst I voted Leave - and that's not the point here, I am also worried about a recession

I have started cutting back spending. Is anyone else being cautious and what are they cutting back on?

Wise move spend as little as you have to .then when the arse has fallen out of something property stocks ect .move in for the kill...

thats how I got my reposessed house in Spain at half price thanks to the EU and the Euro. Fuck the Spanish eh

Still a number of repos being released on to the market ..they seem to release them a few at a time ..

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By (user no longer on site) OP
over a year ago

"Whilst I voted Leave - and that's not the point here, I am also worried about a recession

I have started cutting back spending. Is anyone else being cautious and what are they cutting back on?

Cutting back is a good way to cause a recession....like a self-fulfilling prophecy!"

As before,cit is only one stimulus not the only

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By *horehouseCouple
over a year ago

dissatisfied

[Removed by poster at 27/06/16 23:12:01]

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By (user no longer on site)
over a year ago

"Whilst I voted Leave - and that's not the point here, I am also worried about a recession

I have started cutting back spending. Is anyone else being cautious and what are they cutting back on?

Wise move spend as little as you have to .then when the arse has fallen out of something property stocks ect .move in for the kill...

thats how I got my reposessed house in Spain at half price thanks to the EU and the Euro. Fuck the Spanish eh

Still a number of repos being released on to the market ..they seem to release them a few at a time .."

and why are there so many? Oh ye, the economics of the madhouse EU

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By (user no longer on site)
over a year ago

"Italian banks are nearing a crash due to Brexit....imagine the haters in EU grouping together.

exactly

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By *horehouseCouple
over a year ago

dissatisfied

"Whilst I voted Leave - and that's not the point here, I am also worried about a recession

I have started cutting back spending. Is anyone else being cautious and what are they cutting back on?

Cutting back is a good way to cause a recession....like a self-fulfilling prophecy!

As before,cit is only one stimulus not the only "

If your going to spend do it on British made goods ....

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By *horehouseCouple
over a year ago

dissatisfied

"Whilst I voted Leave - and that's not the point here, I am also worried about a recession

I have started cutting back spending. Is anyone else being cautious and what are they cutting back on?

Wise move spend as little as you have to .then when the arse has fallen out of something property stocks ect .move in for the kill...

thats how I got my reposessed house in Spain at half price thanks to the EU and the Euro. Fuck the Spanish eh

Still a number of repos being released on to the market ..they seem to release them a few at a time ..

and why are there so many? Oh ye, the economics of the madhouse EU"

Nope stupid Brits came over and took large mortgages believing they could pay them over there ....british with their optimism !!!!!!!

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By (user no longer on site)
over a year ago

One shouldn't focus too much on the stock market. ..its a fluctuating mad house...It has to be in order to make money. It has to go up and then down or no one makes money on it and deliberately done so by influential individuals who will start to sell and cause a drop in value and then those very people will buy on mass again before it rises again.

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By (user no longer on site)
over a year ago

UK have lost its triple-A credit rating for the first time since 1978, that is telling something about the state of the economy.

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By *horehouseCouple
over a year ago

dissatisfied

"One shouldn't focus too much on the stock market. ..its a fluctuating mad house...It has to be in order to make money. It has to go up and then down or no one makes money on it and deliberately done so by influential individuals who will start to sell and cause a drop in value and then those very people will buy on mass again before it rises again."

Focus heavily on the stock market its one of the major earners for the UK ....

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By (user no longer on site)
over a year ago

"Whilst I voted Leave - and that's not the point here, I am also worried about a recession

I have started cutting back spending. Is anyone else being cautious and what are they cutting back on?

Wise move spend as little as you have to .then when the arse has fallen out of something property stocks ect .move in for the kill...

thats how I got my reposessed house in Spain at half price thanks to the EU and the Euro. Fuck the Spanish eh

Still a number of repos being released on to the market ..they seem to release them a few at a time ..

and why are there so many? Oh ye, the economics of the madhouse EU

Nope stupid Brits came over and took large mortgages believing they could pay them over there ....british with their optimism !!!!!!!"

nowt wrong with optimism but I think you will find that most reposessions were due to Spaniards losing their jobs. Obviously

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By (user no longer on site)
over a year ago

"UK have lost its triple-A credit rating for the first time since 1978, that is telling something about the state of the economy."

thought they lost it about 3 years ago

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By (user no longer on site)
over a year ago

"UK have lost its triple-A credit rating for the first time since 1978, that is telling something about the state of the economy.

thought they lost it about 3 years ago"
They said it on bbc news, maybe you thought of another rating?

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By *eMontresMan
over a year ago

Halesowen

"UK have lost its triple-A credit rating for the first time since 1978, that is telling something about the state of the economy."

Hardly, it's just a knee jerk reaction, though it will take a while to regain.

You can't judge the economy based on 48 (working day) hrs following the EU vote.

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By (user no longer on site)
over a year ago

Focus heavily on the stock market its one of the major earners for the UK .... "

You mean for London...not the majorit of earners at all.

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By (user no longer on site)
over a year ago

"If England win well tonight the pound will rally tomorrow "
oh dear!

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By (user no longer on site)
over a year ago

"UK have lost its triple-A credit rating for the first time since 1978, that is telling something about the state of the economy.

Hardly, it's just a knee jerk reaction, though it will take a while to regain.

You can't judge the economy based on 48 (working day) hrs following the EU vote.

Exactly...but it seems to be the way those who wanted to remain are reacting in their speculation and worry. The sterling is still stronger than the Euro...why is that I wonder? If the EU was such a powerful market why was the Euro so much weaker than the Sterling even after this so called 'crash'?

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By (user no longer on site)
over a year ago

"UK have lost its triple-A credit rating for the first time since 1978, that is telling something about the state of the economy.

thought they lost it about 3 years agoThey said it on bbc news, maybe you thought of another rating?"

no, it was about 3 years ago and the pound went down to €1.10. A lot less than it is now

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By (user no longer on site)
over a year ago

"UK have lost its triple-A credit rating for the first time since 1978, that is telling something about the state of the economy.

thought they lost it about 3 years agoThey said it on bbc news, maybe you thought of another rating?

no, it was about 3 years ago and the pound went down to €1.10. A lot less than it is now"

It did go down with Fitch and Moodys.

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By *icketysplitsWoman
over a year ago

Way over Yonder, that's where I'm bound

"Whilst I voted Leave - and that's not the point here, I am also worried about a recession

I have started cutting back spending. Is anyone else being cautious and what are they cutting back on?"

You knew a leave vote could well trigger a recession so cutting back was just planning for that eventuality. We might well end up with that recession.

The dead cat bounce on Saturday isn't lasting and many are waiting to see what happens tomorrow and then when Article 50 is invoked. It's a long and uncertain road.

My work has been affected as clients are worried about recession, which puts me into immediate economic decline which leads to me spending less so not supporting our local economy. And so it goes on.

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By *lik and PaulCouple
over a year ago

Flagrante

No point in worrying about it and could fall under a bus tomorrow so fuck it....life goes on.

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By (user no longer on site)
over a year ago

"UK have lost its triple-A credit rating for the first time since 1978, that is telling something about the state of the economy.

thought they lost it about 3 years agoThey said it on bbc news, maybe you thought of another rating?

no, it was about 3 years ago and the pound went down to €1.10. A lot less than it is now

It did go down with Fitch and Moodys."
That is right, it was with fitch and moodys

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By (user no longer on site)
over a year ago

I'd be looking closely at Italy. Their banks are now on the verge of crashing because of Brexit. The EU can't afford to bale them out...but if they don't then another will leave. I think eyes of the rest of the world are more on what the EU and how they will respond to the Italian issue as much as how Britain moves forward.

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By *sussexyMan
over a year ago

Lewes

"I think eyes of the rest of the world are more on what the EU and how they will respond to the Italian issue as much as how Britain moves forward. "

You mean maybe if we don't fuck anything up for a bit other countries will forget that we a global laughing stock? You are surely forgetting the football though?

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By *ophieslutTV/TS
over a year ago

Central

Things will be a bit bunpy for the next couple of weeks until the hysteria dies down and the dust settles.

I'm just carrying on as normal.

First we have to have parliament to vote on this and the legislative changes needed, if they vote exit.

Then the 2 year notice period runs from time it's submitted to europe.

As you say, just that simple negotiation took 3 years, so our complex situation likely several more years.

I think economic issues would largely be kicked in from businesses pulling their investment from here, job losses leading to a downward spending spiral etc.

A couple of days market turmoil is nothing compared to longer term conditions.

How people will feel once they're subjected to the longer term conditions is something else.

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By *sussexyMan
over a year ago

Lewes

How people will feel once they're subjected to the longer term conditions is something else.

The speculation is that many of the leave votes came from people who didn't think they had anything to lose. Apart from the NHS, their physical security, a benefits system. I can see all of those suffering significantly.

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By (user no longer on site)
over a year ago

"The fuel price will go up 3p this week then after food prices will increase.

My spending are the same and on haribos too

You do realise the increase was going to be 2p because oil price went up? Now oil has gone down but the Dollar rate has changed. Its called 'Situation Normal'. And remind me what the fuel price was about a year ago? I doubt you complained when the oil price tanked for no other reason than there was too much oil and your fuel cost less. Well what goes round comes round ...

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By (user no longer on site)
over a year ago

How people will feel once they're subjected to the longer term conditions is something else.

Care to quantify why you feel that? personally I don't know what the NHS or the benefits system had to do with the EU. And as for security we get more Intelligence from our own resources and those of the 4 other English speaking countries than we ever got from the EU. They didn't see the Paris or Brussels attacks coming did they? When was our last Terrorist attack? Lee Rigby in 2013.

We need to stop this mindset of being eternally dependent on the EU. We aren't now and we never were.

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By (user no longer on site)
over a year ago

Ive just had my busiest day of the year.

Every cloud eh.

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By *oncupiscentTonyMan
over a year ago

Kent

"I'd be looking closely at Italy. Their banks are now on the verge of crashing because of Brexit. The EU can't afford to bale them out...but if they don't then another will leave. I think eyes of the rest of the world are more on what the EU and how they will respond to the Italian issue as much as how Britain moves forward. "

Fiat own Italy, Fiat ain't going anywhere

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By (user no longer on site)
over a year ago

Our security services depend on cooperation with other agencies be they American or European. Can't see that necessarily changing.

Other than that not all that much will change. If we want access to the Common Market aspect of the EU then we will in all probability have to accept freedom of movement of people in the same way that Norway does. This will disappoint many of the leave voters.

In many ways we are dependent on countries in the EU and they on us in a trading sense. We like French wine, German cars and such like. Hopefully we can negotiate a good trade deal.

I do feel, however, that many of the leave camp promises will unravel and people will be disappointed.

Not that much will really change, but will get a big bill for the privilege.

This 'take back control' and make Britain 'great again' is soundbite crap and makes us look a bit bad.

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By *sussexyMan
over a year ago

Lewes

Care to quantify why you feel that? "

Obviously I can't quantify, as that would involve seeing the future and making promises - a skill only available to Johnson, Gove and Farage et al (and then the promises are taken back once they have achieved their objectives), but I can explain my fears.

Farage has already been on record as saying that the NHS needs to be replaced by health insurance, but he currently has no power. Thank god. But the NHS is struggling already because of an ageing population, and the lack of investment (and thought, frankly) in both health and social care over many governments. If tax revenues drop (which 90% of economists agree will happen) the situation will not improve. They cannot ring fence it for ever.

My fear is that people's physical security will be threatened very soon - we are already seeing ugly racism on our streets, which could easily lead to violence. There are other ways I can conceive of the current situation sinking into civil unrest.

I think the benefits system will also have to shrink as tax revenues drop (again we are talking about the opinion of almost all economists, rather than a historical fact), particularly if IDS is anywhere near power.

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By (user no longer on site)
over a year ago

" Other than that not all that much will change. If we want access to the Common Market aspect of the EU then we will in all probability have to accept freedom of movement of people in the same way that Norway does. This will disappoint many of the leave voters."

I agree with your first comment. withdrawing will take some time and be a gradual process. And I think people understand that. the markets will stop being idiots and realise they screwed up, missed the coffee smell and stocks will return. Give it a week and the profit takers will upsell and go back to normal. Traders work on a fortnightly 'Account' and we just started one so all they are doing is 'making a market'.

As for access to the 'Common Market' as you brilliantly put it all I will ask is does Canada , USA, China or even Iceland have Free Movement of Labour or pay a fee? No and neither will we and whatever is arranged will be far better than have the EU control every aspect of our lives and pay for the luxury. They need us far more than we need them in trade terms and that is our Ace in the hand. Already German industry has said 'steady on chaps we don't need Tariffs'. Merkel has said 'no punishment and no nasty'. Given there are really only two contributors to the EU now Germany will say 'jump' and the EU will ask how high. Such is the power of trade.

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By (user no longer on site)
over a year ago

Care to quantify why you feel that?

Sorry but no one in Vote Leave forecast anything. Do please correct me but all we were saying is 'If we leave a future Government will have these options they don't have now'. And with respect it was the Project Fear of the Remain side that were forecasting doom and gloom if we voted Leave and now the markets have taken Osborne at his word and shit themselves. We didn't do that.

" Farage has already been on record as saying that the NHS needs to be replaced by health insurance"

Actually no he didn't. During a UKIP conference various funding options for the NHS were discussed and it was resolved that the current system is the most efficient. And that is UKIP policy. (I add here I am not a UKIP member).

"If tax revenues drop (which 90% of economists agree will happen) the situation will not improve. They cannot ring fence [the NHS] for ever."

Be careful about that 90% figure. The actual % was about 1.1%. Some 6,000 were asked their opinion, some 650 responded and of those some 540 said there may be a recession. So 90% OF THOSE THAT REPLIED said it not 90% of those asked. Another 'Remain' lie.

" My fear is that people's physical security will be threatened very soon - we are already seeing ugly racism on our streets, which could easily lead to violence. There are other ways I can conceive of the current situation sinking into civil unrest."

I am not sure where you can connect the Brexit vote with security. As I replied earlier.

"I think the benefits system will also have to shrink as tax revenues drop (again we are talking about the opinion of almost all economists, rather than a historical fact), particularly if IDS is anywhere near power."

OK. You make two assumptions. Neither of which is founded in fact or reason. It is opinion, a forecast. Not fact. And again you refer to the 1% of economists that responded to that questionnaire. And as for IDS he is a man who, after leaving as Tory Leader, funded from his own personal money a think tank to study and report on the causes of poverty, exclusion and upward mobility. No one was more committed to equality and more prepared for the job than IDS. ANd under his leadership more people are in work than ever before. More disabled people are in work than ever before and there are fewer families where no one works than ever before. Under IDS real, not comparative, poverty has reduced greatly. Unless you know different of course.

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By *oncupiscentTonyMan
over a year ago

Kent

Care to quantify why you feel that?

Farage has already been on record as saying that the NHS needs to be replaced by health insurance

If tax revenues drop (which 90% of economists agree will happen) the situation will not improve. They cannot ring fence [the NHS] for ever.

I am not sure where you can connect the Brexit vote with security. As I replied earlier.

I think the achievement IDS is most proud of is the explosion of food banks isn't it?

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By *sussexyMan
over a year ago

Lewes

Sorry but no one in Vote Leave forecast anything. Do please correct me but all we were saying is 'If we leave a future Government will have these options they don't have now'.

This is based on an assumption (or as you prefer to say: It is opinion, a forecast. Not fact.) that tax revenues hold steady, which very few (if any) respected economists think is going to happen. If they dip the amount (which is not 350m anyway - that is the gross figure as I am sure you know) drops. If you have less money to invest you have fewer options.

the markets have taken Osborne at his word and shit themselves. We didn't do that.

The markets didn't shit themselves because a politician said something. They shit themselves because a load of people voted to do something that almost all sane economists who have expressed a view think is a very bad thing.

Farage has already been on record as saying that the NHS needs to be replaced by health insurance

Actually no he didn't.

I stand corrected (but this was not part of my argument anyway).

A lie? A simplification. The Leave side understand simplification. They did it brilliantly. They also lied. Sometimes they did both at the same time. This is just a simplification, it would only be a lie if there was a sampling bias, and I assume you would have told me all about it if there was one.

My fear is that people's physical security will be threatened very soon - we are already seeing ugly racism on our streets, which could easily lead to violence.

...I am not sure where you can connect the Brexit vote with security. As I replied earlier.

People are being more openly racist since Friday (the media are reporting this as fact). People who feel threatened may respond, or racist people may physically attack (they are already attacking verbally). It is reasonable to assume that this will happen sooner or later, and more freqently than pre referendum (as the levels of overt racism are rising). People being physically attacked are physically insecure (this is by definition). Which bit does not connect for you?

We have dealt with the issue of the 90% above. The IDS biography is irrelevant - whichever politician is in charge of benefits will have to make cuts if there are fewer funds available.

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By (user no longer on site)
over a year ago

Yes it is

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By *uke olovingmanMan
over a year ago

Gravesend

"Whilst I voted Leave - and that's not the point here, I am also worried about a recession

I have started cutting back spending. Is anyone else being cautious and what are they cutting back on?

Absolutely not; Live like you are dying

make the most of every day and live each day in full"

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By (user no longer on site) OP
over a year ago

"UK have lost its triple-A credit rating for the first time since 1978, that is telling something about the state of the economy."

Lost its last triple A

Two out of three hand already gone

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By *uke olovingmanMan
over a year ago

Gravesend

"UK have lost its triple-A credit rating for the first time since 1978, that is telling something about the state of the economy.

Lost its last triple A

Two out of three hand already gone "
should have got rechargeable ones

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By *reelove1969Couple
over a year ago

bristol

The good news is when ever there is a disaster overseas now the UK will not be expected to be the first with their cheque book out to single handedly sort it out and before putting the cheque book back in the pocket deploy the Military!

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By (user no longer on site)
over a year ago

"UK have lost its triple-A credit rating for the first time since 1978, that is telling something about the state of the economy.

thought they lost it about 3 years agoThey said it on bbc news, maybe you thought of another rating?"

23rd February 2013 was when the UK lost their triple A rating

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By *aughtyinguMan
over a year ago

swindon

We voted to leave the eu, and its a big market next door, and we run a trade deficit and really need to manufacture more, much more.

And we just chose to leave and have a uncertain trade arrangement. I'm expecting eu goes for tariffs on uk goods, while we have to accept eu goods tariff free, if we don't accept free movement, which we cant do.

We may well of fucked ourselves

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By (user no longer on site)
over a year ago

"Whilst I voted Leave - and that's not the point here, I am also worried about a recession

I have started cutting back spending. Is anyone else being cautious and what are they cutting back on?"

I've not read through the thread but I'm sure the point has been made before that this is a kind of self fulfilling prophecy isn't it?

You're worried about a recession so you've cut back on spending - hence becoming a key contributory factor in the thing you fear actually happening ...

My behaviour is the same as it was last week. Carry on as normal everyone!

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By *iss_tressWoman
over a year ago

London

"Italian banks are nearing a crash due to Brexit....imagine the haters in EU grouping together."

My sister has lived in Italy for 30 years and proud to be British, never wanted or intended to be Italian but her husband suggested she may want to rethink that. She's not a happy bunny.

I retire in five months and looking to sell up and move out of London. I'll wait for a year now to see what happens and not buy the new car I was going to treat myself to.

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By *reelove1969Couple
over a year ago

bristol

bring on 'two star rating' ...other countries can sort their own problems out ...we can't afford to get involved ...what a more pleasant world this will be to live in

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By *lik and PaulCouple
over a year ago

Flagrante

I'm not an expert on the Italian banks but I've just had a look back in time to earlier this year when reports are out there of an Italian banking collapse possibility because of lack of capital and their bad loan situation which was a threat to its neighbours....the report also states that loan losses are being hidden in the European banking system and that the EU will be " tempted to bend the rules"......so how are we now blaming this on Brexit??...or is every issue in the world now the fault of bexit, past, present and future?

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By *ondonpride69Couple
over a year ago

Blackpool

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By *ondonpride69Couple
over a year ago

Blackpool

"Whilst I voted Leave - and that's not the point here, I am also worried about a recession

I have started cutting back spending. Is anyone else being cautious and what are they cutting back on?

I've not read through the thread but I'm sure the point has been made before that this is a kind of self fulfilling prophecy isn't it?

You're worried about a recession so you've cut back on spending - hence becoming a key contributory factor in the thing you fear actually happening ...

My behaviour is the same as it was last week. Carry on as normal everyone! "

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