If we vote for Brexit what happens

setmefree2

HAMISH_MCTAVISH wrote: »

Stuff and Nonsense.

This is a DIY recession, caused by outright lies to the UK population about lack of democracy, when the reality is the EU is little more than a trade club and north of 95% of EU laws implemented in the UK are only to do with trade and trade regulations.

Hamish I voted Remain but I am capable of seeing that there is a democratic deficit in the EU that matters to a lot of people in the UK (including me) .

Sadly the EU is not a trade club - it is a politically & fiscal union. If we had stayed in the EU It isn't long before the UK would have been subjected to "Taxation Harmonization" - still less control over our destiny.

The UK leaving the EU has been coming since 1993....

Niv

spunko2010 wrote: »

Depends on the term. Over 45 years it's closer to the OP's workings. Isn't the average term for FTBers 43 or something now?

Err, nope (well it is closer)

300k mortgage over 45 years:
3% = £1014 pm
6% = £1609 pm
Diff = £595

Still not £900 as originally stated.

ukcarper

spunko2010 wrote: »

Conversely, I think we will be surprised how 'wealthy' a lot of people truly are, when the proverbial hits the fan and the AUDI on the drive has to be repo'd.

A lot of people live far beyond their means thanks to cheap credit. If/when that dries up, things will get interesting quickly. If you've been careful with money then you've got much less to worry about.

Buts that just it the Audi will go I have experience spending over 50% of my income on mortgage repayments I survived.

StevieJ

setmefree2 wrote: »

Hamish I voted Remain but I am capable of seeing that there is a democratic deficit in the EU that matters to a lot of people in the UK (including me) .

Sadly the EU is not a trade club - it is a politically & fiscal union. If we had stayed in the EU It isn't long before the UK would have been subjected to "Taxation Harmonization" - still less control over our destiny.

The UK leaving the EU has been coming since 1993....

For which we had an opt out, best of all worlds

ukcarper

Niv wrote: »

Err, nope (well it is closer)

300k mortgage over 45 years:
3% = £1014 pm
6% = £1609 pm
Diff = £595

Still not £900 as originally stated.

Plus the average term is no where near 45 years

nkomp18

This just in at BBC:

Brexit causes dramatic drop in UK economy, data suggests

Britain's decision to leave the EU has led to a "dramatic deterioration" in economic activity, not seen since the aftermath of the financial crisis.

BBC news article here

Oh noes! All those scaremongers were right

vivatifosi

setmefree2 wrote: »

Hamish I voted Remain but I am capable of seeing that there is a democratic deficit in the EU that matters to a lot of people in the UK (including me) .

Sadly the EU is not a trade club - it is a politically & fiscal union. If we had stayed in the EU It isn't long before the UK would have been subjected to "Taxation Harmonization" - still less control over our destiny.

The UK leaving the EU has been coming since 1993....

I agree 100% with this. I've said it before, so apologies if this is boring now. There needs to be a mechanism for EU countries that are the second speed in a "two-speed Europe", largely us Sweden and Denmark. The most logical way is to link up with Switzerland, Liechstenstein, Iceland and Norway through the EEA/EFTA (assuming that Sweden and Denmark decide to follow us out, they'll watch to see what the impact is first).

The reality is that the EU has blown hot and cold on this and has never really had a great plan for the exceptions. Rather, it tries to shoehorn all countries into a one size fits all model, something like the ugly sisters into Cinderella's glass slipper.

Kohoutek

setmefree2 wrote: »

We can also look forward to restoring democracy in our country which has been fighting for just that since 1066........

......worth a few % points of GDP, don't you think?

Have you ever noticed that Eurosceptics are only against democratic deficits relating to the EU, not the UK itself (eg monarchy, House of Lords)?

chaostheory

StevieJ wrote: »

For which we had an opt out, best of all worlds

So you would be happy for us not to be able to set our own tax rates?

First they took our ability to make trade deals and I said nothing,

then they took our ability to determine our levels of immigration and I said nothing,

then they took away our ability to set taxes...

...before I knew it we'd given away everything to unelected bureaucrats who answered to nobody.

gfplux

vivatifosi wrote: »

I agree 100% with this. I've said it before, so apologies if this is boring now. There needs to be a mechanism for EU countries that are the second speed in a "two-speed Europe", largely us Sweden and Denmark. The most logical way is to link up with Switzerland, Liechstenstein, Iceland and Norway through the EEA/EFTA (assuming that Sweden and Denmark decide to follow us out, they'll watch to see what the impact is first).

The reality is that the EU has blown hot and cold on this and has never really had a great plan for the exceptions. Rather, it tries to shoehorn all countries into a one size fits all model, something like the ugly sisters into Cinderella's glass slipper.

We can debate all we like about how we would improve the EU but it is now too late for us. We (Britain) is out.
Perhaps through the fog of words from Merkel and Holland to Mrs May over the last couple of days we can see what our future might be.
we will have to decide how much or little we will except the four freedoms.