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If we vote for Brexit what happens

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Comments

  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Herzlos wrote: »
    Nothing to do with London properties suddenly becoming 15% cheaper to the Chinese?

    More likely money laundering.
  • always_sunny
    always_sunny Posts: 8,314 Forumite
    Thrugelmir wrote: »
    Your understanding of red tape and mine is somewhat different.

    Legislation on standardisation of vacuum cleaners.
    Farmers spending 2 hours a day on paperwork for animal welfare, food standards etc.
    Companies in Financial Services filling in forms and collating data for the EU when they have no European clients.
    Or the idea to stop olive oil being served in jugs in restauarants.

    Totally bonkers and nonsense.

    but there's lots of red tape in the UK that is just British and it's also totally bonkers.
    Same can be good but at the end of the day, red tape is just that.
    EU expat working in London
  • wotsthat
    wotsthat Posts: 11,325 Forumite
    Thrugelmir wrote: »
    More likely money laundering.

    Why would money laundering increase by 45% in 12 months?

    You really think Sterling's 20% fall against the dollar and 12% fall against the Yuan is only a minor factor?
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    but there's lots of red tape in the UK that is just British and it's also totally bonkers.
    Same can be good but at the end of the day, red tape is just that.

    How many years were the pubs forced to close at random times that were maybe needed in WW1 but not now :)
    'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    wotsthat wrote: »
    Why would money laundering increase by 45% in 12 months?

    You really think Sterling's 20% fall against the dollar and 12% fall against the Yuan is only a minor factor?

    Over 30% of London's population is now immigrant. Easy enough to buy London property through an overseas shell company. Why repatriate the funds onshore and pay local taxes? Corporation tax is 25% in China.
  • CLAPTON
    CLAPTON Posts: 41,865 Forumite
    10,000 Posts Combo Breaker
    interesting to see the efforts that the chinese make to keep their currency 'low' relative to other currencies
  • CLAPTON
    CLAPTON Posts: 41,865 Forumite
    10,000 Posts Combo Breaker
    StevieJ wrote: »
    How many years were the pubs forced to close at random times that were maybe needed in WW1 but not now :)

    yes, indeed, the shop opening/closing times in the UK has become very unregulated whilst much of the EU is burdened by cumbersome bureaucratic laws
  • Chickereeeee
    Chickereeeee Posts: 1,293 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Conrad wrote: »
    It's no more accurate than IBM Chairman once stating the total world demand for computers would never exceed 4.
    -

    NO he didn't. The quote most often attributed to him is "I think there is a world market for maybe five computers". IS not 'would never'. As computers then used 18000+ valves and weighed 30 tons you can see his point: and he was pretty accurate.

    C
  • wotsthat
    wotsthat Posts: 11,325 Forumite
    Thrugelmir wrote: »
    Over 30% of London's population is now immigrant.

    Has it changed significantly enough in the last year to account for a 45% increase in London property being sold to the Chinese.
    Thrugelmir wrote: »
    Easy enough to buy London property through an overseas shell company.

    Has it got significantly easier in the last year to account for a 45% increase in London property being sold to the Chinese.
    Thrugelmir wrote: »
    Why repatriate the funds onshore and pay local taxes? Corporation tax is 25% in China.

    What was Chinese corporation tax 12 months ago?

    Try this. There's a sale on. In $ terms London property is about 20% cheaper than this time last year. That's what you're trying to avoid.
  • gfplux
    gfplux Posts: 4,985 Forumite
    Part of the Furniture 1,000 Posts Photogenic Hung up my suit!
    Keeping a positive outlook it's great and you do have that, but you also need to take the rose tinted lenses off from time to time because not everyone in the UK is in that comfortable position where they can wait.

    You could take the hit, but many average Joes and plain Janes live from paycheck to paycheck.

    These million opportunities may materialise or may not materialise. It make also takes months to do so and not all folks in the UK can afford to wait that long if they're not financially prepared.

    Deals will take a while to be finalised after leaving the EU and 2 years (or even less) can be a very long time that can change a country. In 3 months we have all taken a huge paycut with the pound sinking and investors are telling you very clearly that they want guarantees that the UK will retain access to the SM.

    Of course eventually there will be opportunities, leaving the EU is not armageddon but it doesn't necessarily mean that the economy will be better off, especially when it wasn't that bad in the EU. What if it brings recession and end up on the likes of Spain or France you mentioned before?

    I was thinking of posting something similar in reply to a CONRAD posting but you have said most of what I would say.

    I would also add that while the name calling in the first weeks were from the remainders now it has become the Brexiteers name calling the Remainder.
    This should stop.
    As a remainder I am resigned to the UK leaving the EU. I know it will not be easy and there will be bumps in the road. Some people will take to the opportunity and prosper. Others will not.
    As a remainder I still feel the decision is wrong, but we are where we are not where we (I) would like to be.
    What I feel is wrong is Brexiteers cheering every step forward and completely IGNORING anything negative.
    Brexiteers are in danger of letting ordinary people think it will easy and hard and difficult work is not required to make Britain MORE prosperous out of the EU rather than remaining in.

    This will not stop me challenging Brexiteers (when I have the energy) when too much optimism or ignorance is posted.
    There will be no Brexit dividend for Britain.
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