If we vote for Brexit what happens

mayonnaise

A_Medium_Size_Jock wrote: »

Why all the doom & gloom - "nothing has fundamentally changed, but there has been mass hysteria of an impending economic doom. Despite all evidence to the contrary we continue to hear news of low consumer, business and investor confidence. "
http://leave.eu/en/news/2016-08-05/economic-sentiment

Nothing has fundamentally changed??
No, we just decided to leave the largest free trade area in the world, apart from that, nothing fundamentally has changed. :rotfl:

Anecdotal: Was talking to some chap the other day. His company is looking to expand, part of that will be setting up an EMEA inside sales department.
Nothing big, a team of around 20-25. You know, the usual thing, building pipeline, following up on leads, yadda yadda...salary around 30-35K + commission. Language speakers needed as they need to cover the whole of EMEA.
Decision is on hold until they have a clearer view on the free movement of labour post-brexit. If there's no clarity before the end of the year, they're off to Dublin.
Maybe I should tell him nothing fundamentally changed.

HAMISH_MCTAVISH

mayonnaise wrote: »

Decision is on hold until they have a clearer view on the free movement of labour post-brexit. If there's no clarity before the end of the year, they're off to Dublin.
Maybe I should tell him nothing fundamentally changed.

Yep.

Now multiply that same process across thousands of companies.

No wonder this country is stuffed.

ukcarper

Aren't you lot feed up with talking to each other yet.

A_Medium_Size_Jock

As is perfectly normal and usual, the economy of the UK is a "mixed bag".
Some areas quite literally booming whilst others are not so good.
Has there ever been a time when it has not been so?

Instead of preaching doom and gloom, and - further - blaming everything on the result of a referendum when the UK has not actually left the EU as yet, why not simply admit that our economy has always had these inequalities?

http://www.bbc.co.uk/news/business-36956418

http://www.bbc.co.uk/news/business-36897179

Rinoa

HAMISH_MCTAVISH wrote: »

Ah...

So the BOE and the firms they survey are now just "surmising from various claptrap reports" eh?

I take it you do understand just how desperate and in denial such a comment sounds?

The BOE has now asked firms about post-Brexit-vote investment plans.

60% said they'd cut investment.

0% said they'd increase it.



And on hiring intentions...

55% said they'd reduce hiring.

3% said they'd increase it.

The evidence building up is overwhelming....

The Brexit vote is bad for Britain.

No matter how much denial some Brexiteers are still in.

These surveys are pointless.

If you're a company making widgets your expertise is in making said widgets. You're not an economics guru, you just hear the same doom and gloom reports as before the referendum from the same people who said the ftse would crash to 4900 and there would be an immediate emergency budget.

So when the BoE, one of the chief doomsters, sends you a survey asking whether you're going to invest more or hire more people you're almost certain to say less investment and less hiring.

When they realise people still want to buy their widgets they'll soon start investing and hiring again.

iantojones40

Crashy_Time wrote: »

http://www.independent.co.uk/news/business/news/brexit-bank-of-england-qe-bonds-gilts-pensions-mark-carney-interest-rates-vat-a7182256.html

The look on the face of Carney in that article is priceless... the perfect image of someone who looks like they're s***ing themselves as they realise they're completely out of their depth and haven't got a clue what to do next or how to get out of it!

gadgetmind

Rinoa wrote: »

When they realise people still want to buy their widgets they'll soon start investing and hiring again.

Perhaps, but probably outside the UK if they are export driven due to the uncertainty about what trade agreements will exist with who.

If their business is entirely within the UK, they are likely to find sales subdued and input costs soaring due the the impact of the referendum on sterling. That's not a combination that will bring joy to their hearts, so expect a *lot* of caution.

mwpt

kabayiri wrote: »

Let's face it. Team Leave really scr*wed this one up.

This fits very nicely with the blame everyone else meme. Solid work.

CLAPTON

gadgetmind wrote: »

Perhaps, but probably outside the UK if they are export driven due to the uncertainty about what trade agreements will exist with who.

If their business is entirely within the UK, they are likely to find sales subdued and input costs soaring due the the impact of the referendum on sterling. That's not a combination that will bring joy to their hearts, so expect a *lot* of caution.

why will uncertainty about trade arrangement affect trade : are you saying that uncertainty about TTIP is having a major negative impact on EU trade?

if their business is entirely within the UK then their costs will be unaffected by the value of the pound

Crashy_Time

ukcarper wrote: »

Aren't you lot feed up with talking to each other yet.

Just about to order a pizza, that is a feed up.


This is fed up (if you are a frustrated seller that is)


http://www.express.co.uk/news/uk/698494/house-sellers-cut-asking-price-discount-sales-push-figures