If we vote for Brexit what happens

gfplux

My last post with the phrase Post Brexit caused me to think we all should be looking forwards. This thread is just going around and around over the same arguments that were made before we voted.
We must look forward.
We are where we are. What positive things can we do or say now.
Hence. https://forums.moneysavingexpert.com/discussion/comment/70965171#Comment_70965171

lisyloo

Conrad wrote: »

You guys are determined to see this all as negative, as I say it's akin to cult like brain washing

I don't see everything as negative nor everything as positive.
We do tend to discuss issues on here and not everything that's going perfectly OK, so it means at times come across as negative - that's the nature of the beast.

I have been working for the past 17 years for a US company trading globally.
We have all sorts of issues dealing globally such as pulling people out from places where cous or bombing occurs. The company was fortunately pretty good at pulling people out from places like Beirut.
Recently I lost that job (a very positive move for me) because the job was moved to India for 1/6th of the price.
Our deal prices dropped dramatically and we've had to work very hard to stay in the same place commercially.

So yes there is business to be had but we have to be realistic about how hard it will be to deal in places like China, Africa and India.
China has a reputation for stealing any intellectual property, in Africa you might need armed guards, protocol companies (fancy word for bribes) and evacuation procedures for military cous.
In India you can't rely on having reliable infrastructure like an uninterrupted power supply.

Yes there are opportunities, I'm just not going round whistling a happy tune because it aint going to be easy.

peter_we

They didn't in 2008, even though inflation would have required it.

I don't think a once off spurt of 20% inflation caused by currency devaluation will be affected (or require) by an rate increase.

Mistermeaner

All those opportunities were there before - eu wasnt stopping anything. Weve just decided to walk away from piles of existing business, decided to make life more expensive and business harder - with a vague plan to do 'deals' somewhere else in the world.

I will ask again: what products are we currently unable to sell abroad because of tariff / trade restrictions that leaving the EU will allow us to address?

ruelle

cashbackproblems wrote: »

I agree, i am seeing in my area of london the top has been reached for 2 bed flats nothing being priced at 400k nothing is selling, even 350k post brexit things are staying unsold

An average wage of 35k in London (taking out banking which only makes up a small number of jobs) gives you 100-150k max, 250-300k with a partner on similar/lower salary.

I think the smart sellers are those selling now as the current market price/below (taking into account people are driving down prices due to lower confidence), those who are looking to move asap but "waiting" are simply watching a slow falling market which will fall over the next 2 years and they sell even lower.

cashbackproblems - you've been looking for a while now haven't you? have you managed to find anything nice post-EU vote?

cashbackproblems

peter_we wrote: »

They didn't in 2008, even though inflation would have required it.

I don't think a once off spurt of 20% inflation caused by currency devaluation will be affected (or require) by an rate increase.

they didn't and still prices crashed in 2008-2010

I don't think a rate cut is going to make any difference to the mortgage costs to people at the moment as its so low anyway with 1/2% banks can't afford to go lower.

The problem is the longer term with all this QE which has happened and will happen, it takes years to feed down and an economy built on debt (which carney warned about this week) will not help future growth

cashbackproblems

ruelle wrote: »

cashbackproblems - you've been looking for a while now haven't you? have you managed to find anything nice post-EU vote?

i have been looking for about 8-12 months, post stamp duty i saw things substantially quieten down in SE London and was waiting for the eu vote which has worked in my favour. I am still actively looking and have an offer on the table for one place which is much lower than asking but fair considering how the market is going and won't be increasing

I have no interest in a big crash as my partner is an EA and heavily commission based pay, but i am predicting a 20% slow fall over the next 12-18 months and even she is seeing the market move this way

Harper123

cashbackproblems wrote: »

my partner is an EA

Well that one pound in the pot for you towards your ilusive purchase

CLAPTON

Mistermeaner wrote: »

All those opportunities were there before - eu wasnt stopping anything. Weve just decided to walk away from piles of existing business, decided to make life more expensive and business harder - with a vague plan to do 'deals' somewhere else in the world.

I will ask again: what products are we currently unable to sell abroad because of tariff / trade restrictions that leaving the EU will allow us to address?

the EU doesn't in general stop the UK from exporting to anywhere.

However what is does do is stop us negotiating a reciprocol agreement with foreign countries for imports/exports deals.
This is because we can't set our own import tariffs.

baza52

http://uk.reuters.com/article/us-britain-eu-petition-idUKKCN0ZP0D4