If we vote for Brexit what happens

Moby

A_Medium_Size_Jock wrote: »

There ya go!
"seedy little island"!
Not only bigoted but unpatriotic too.

Thankfully, even Brexiter "idiots" (as that poster describes us) like myself are aware that not all pro-remainers are like that poster.

That's what we will turn into...a seedy little island!....Scotland voted remain ....so did N Ireland. The UK will get smaller and smaller.....our influence in the places that matter will fade further and further. A true patriot wouldn't damage our future prospects in this way!

You have to have a seat at the table to influence the decisions on everything from the migrant problem, Putin, climate change etc! These are our closest neighbours but we walked away and will pay the price!

Herzlos

I think the low GBP will be a thing for a while, but since we import a lot of stuff, and oil is priced in USD, and cheap exports may drive up local prices, we're looking at potentially some severe inflation whilst we all re-adjust, which may bring the GBP wages up and therefore the cost of doing business.

So I fully expect that whilst the GBP will remain low-ish, the GBP we'll have to charge for services will go up to compensate, so we'll still be uncompetitive with India for IT services.

For example, say we used to charge £1000 ($1500) for a contract, Brexit knocked that down to about $1000, butt within a couple of years we'll have to charge £1500 ($1500) for the same contract, and you're not going to be any better off.

cogito

Herzlos wrote: »

I've seen lots of foreign companies investing in here before the vote, and some buying stuff up whilst it's cheap, but none that are investing because they think Brexit is an improvement; lots of companies stating the opposite though.


I'm looking at the evidence critically, not mashing it into my worldview.



Our workers rights are very definitely not the best in the EU, and are about to get eroded further than we ever thought possible.

Can you name a single thing we do for our workers that is better than the EU norm?

Can you name a single thing that the EU do for their workers that is better than the UK norm? I won't hold my breath.

kabayiri

Herzlos wrote: »

I think the low GBP will be a thing for a while, but since we import a lot of stuff, and oil is priced in USD, and cheap exports may drive up local prices, we're looking at potentially some severe inflation whilst we all re-adjust, which may bring the GBP wages up and therefore the cost of doing business.
...

When labour costs go up, so does the interest in automation and use of technology.

That's good for those of us who make their living in this area.

We have been sliding down the productivity league table for a while now.

Rinoa

UK GDP Q3 0.5%

Eurozone GDP Q3 0.3%

:rotfl::rotfl:

http://www.express.co.uk/finance/city/727178/Eurozone-economy-0-3-Q3-EU-Brexit-hit

Thrugelmir

Herzlos wrote: »

Can you name a single thing we do for our workers that is better than the EU norm?

Do you want to compete with the US? There's no entitlement to statutory holiday leave over there. No wonder their economy bounces back!.

gfplux

Great news for stability and continuity through the Brexit process. He might not be the most popular Bank of England Governor but many will agree we need stability in these uncertain times.

"Bank of England governor Mark Carney says he will step down in June 2019.
It means he will serve one additional year beyond the five-year term he committed to when he took the post, but will still be two years short of the usual eight years governors serve."

http://www.bbc.com/news/business-37829069

TrickyTree83

Herzlos wrote: »

Can you name a single thing we do for our workers that is better than the EU norm?

Just google it.

http://www.bbc.co.uk/news/uk-politics-eu-referendum-36434855

And if you can find a paragraph in this article relating to which workers rights they believe might be affected that doesn't contain the words "may", "believed", "could", or "might", I'll give you a cookie.

https://www.theguardian.com/careers/2016/may/24/what-would-leaving-eu-mean--employment-rights

The FT have it quite right with this

A vote for Brexit on June 23 would have important implications for the labour market but that is because it would shake up immigration and trade. The impact on employment rights is a sideshow — no matter what the Leave and Remain campaigns may say.

https://www.ft.com/content/7067d5e0-fa4e-11e5-b3f6-11d5706b613b

Thrugelmir

Rinoa wrote: »

UK GDP Q3 0.5%

Eurozone GDP Q3 0.3%

Split the EU apart and there'll be a real divergence between the member states. Take out Germany and the average will no doubt fall significantly.

Tromking

Come on Remainiacs, at least roll with the punches!

http://www.telegraph.co.uk/business/2016/10/31/business-confidence-hits-post-referendum-highs-as-uk-economy-

http://news.sky.com/story/mortgage-approvals-hit-a-three-month-high-10639751