If we vote to Remain what happens?

CLAPTON

Generali wrote: »

looks like some-one going all bruno on us

gfplux

BobQ wrote: »

Well the first point is that the question is: What happens if we remain? You have posted a list of what happens after Brexit (or claims about it). Maybe you have the wrong thread?

As to your list of Brexit impacts they are claims and I doubt many of them will happen at least in the way portrayed.

So I suggest the answer to the question is

More Houses will be built - we need them (not EU related)
RENTS will continue rising unless we build more houses
HOUSE prices will continue rising unless we build more houses

LONDON will be as crowded
ECONOMIC immigrants will continue to come
HIGHLY skilled immigrants will be let in as they are now
EU immigrants will remain while we have jobs for them to do.
BRITAINS living in other EU country's will continue to do so.

To which we can add:
EU will be more stable
GDP will continue to rise and be higher in the long term
UNSKILLED employment will be easier to fill (care homes, cleaners)
BRITAINS influence in the world will be maintained
ENERGY supplies will be more secure
CO-OPERATION on security/crime issues will be maintained
BRITAIN will be part of the largest single market in the world
BRITAIN will benefit from existing trade deals and those being set up.
BRITONS will be free to work, travel and study in any EU nation.

Of course some of these are also claims!

Housing and rents is a red herring and a London centric view. We need to build more housing, rents are high and house prices higher because of a shortage of houses. This will not change by leaving the EU unless the economy tanks.

Thanks BobQ I certainly got my question and answer from two different planets. I will post it in the correct thread, in fact the one I started.
AND CLAPTON. There is no need to reply to any of my posts as I gave up reading any posts from you a long time ago.

gfplux

BobQ you make good points.
I am of course not voting for Brexit but I am also convinced that the Brexit campaign is highlighting many things that are the fault of successive UK Governments and not the EU.

CLAPTON

gfplux wrote: »

Thanks BobQ I certainly got my question and answer from two different planets. I will post it in the correct thread, in fact the one I started.
AND CLAPTON. There is no need to reply to any of my posts as I gave up reading any posts from you a long time ago.

untruthful and rather silly

michaels

BobQ wrote: »

Well the first point is that the question is: What happens if we remain? You have posted a list of what happens after Brexit (or claims about it). Maybe you have the wrong thread?

As to your list of Brexit impacts they are claims and I doubt many of them will happen at least in the way portrayed.

So I suggest the answer to the question is

More Houses will be built - we need them (not EU related)
RENTS will continue rising unless we build more houses
HOUSE prices will continue rising unless we build more houses

LONDON will be as crowded
ECONOMIC immigrants will continue to come
HIGHLY skilled immigrants will be let in as they are now
EU immigrants will remain while we have jobs for them to do.
BRITAINS living in other EU country's will continue to do so.

To which we can add:
EU will be more stable
GDP will continue to rise and be higher in the long term
UNSKILLED employment will be easier to fill (care homes, cleaners)
BRITAINS influence in the world will be maintained
ENERGY supplies will be more secure
CO-OPERATION on security/crime issues will be maintained
BRITAIN will be part of the largest single market in the world
BRITAIN will benefit from existing trade deals and those being set up.
BRITONS will be free to work, travel and study in any EU nation.

Of course some of these are also claims!

Housing and rents is a red herring and a London centric view. We need to build more housing, rents are high and house prices higher because of a shortage of houses. This will not change by leaving the EU unless the economy tanks.

Won't the EU be more stable without the UK as it will then be able to speed up the plans for fiscal union which is the only thing consistent with monetary union?

Unskilled employment easier to fill = relatively lower pay for the unskilled - ie membership is regressive explaining the popularity of remain with the above median earning ABC1s. Nothing wrong with voting for purely selfish reasons (unless you are labour and claim to represent social justice).

Generali wrote: »

I hope (s)he's joking! Given some recent posts I fear someone might be about to go all Bruno on us.

I do wonder which side Clapton is on, it is a bit like trying to make sure Nigel Farage is only visible to a certain section of the electorate.

tommysaver

Hi guys, I'm new to the forum but have browsed it regularly (Pretty on top of my finances for a 23 year old!)

I'm trying to educate myself a bit further on this referendum and have a couple of points I'd like to raise, if anyone would kindly elaborate/expand on!

1. Savings. I've done pretty well over the years, worked full time since 18; and I have quite a nice amount stashed for the future e.g. Deposit. People at work are suggesting the value of the £ could go up or down depending on Brexit. Is this something to worry about? I assume it's all relative and not much can be done really. One bloke at work says a financial crash is so imminent he's actually buying up gold and saying we should be doing the same! Is that rather extreme?

2. It's in my interest for property prices to come down, but also I don't want my hard-earned savings to become worth-less if that makes sense.

I've probably done a really bad job of explaining myself!

TL;DR I am still on the fence of which way to vote, I've watched brexit the movie and I am swaying towards leave, but need some more clarification on what's in my interests as a 23 year old with savings and wanting to get on the property ladder in say 5 years time.

Cheers, Tom.

mayonnaise

tommysaver wrote: »

Hi guys, I'm new to the forum but have browsed it regularly (Pretty on top of my finances for a 23 year old!)

I'm trying to educate myself a bit further on this referendum and have a couple of points I'd like to raise, if anyone would kindly elaborate/expand on!

1. Savings. I've done pretty well over the years, worked full time since 18; and I have quite a nice amount stashed for the future e.g. Deposit. People at work are suggesting the value of the £ could go up or down depending on Brexit. Is this something to worry about? I assume it's all relative and not much can be done really. One bloke at work says a financial crash is so imminent he's actually buying up gold and saying we should be doing the same! Is that rather extreme?

2. It's in my interest for property prices to come down, but also I don't want my hard-earned savings to become worth-less if that makes sense.

I've probably done a really bad job of explaining myself!

TL;DR I am still on the fence of which way to vote, I've watched brexit the movie and I am swaying towards leave, but need some more clarification on what's in my interests as a 23 year old with savings and wanting to get on the property ladder in say 5 years time.

Cheers, Tom.

Welcome Tom.:)
Good to hear about the deposit in place and your house buying plans. Good luck!

michaels

tommysaver wrote: »

Hi guys, I'm new to the forum but have browsed it regularly (Pretty on top of my finances for a 23 year old!)

I'm trying to educate myself a bit further on this referendum and have a couple of points I'd like to raise, if anyone would kindly elaborate/expand on!

1. Savings. I've done pretty well over the years, worked full time since 18; and I have quite a nice amount stashed for the future e.g. Deposit. People at work are suggesting the value of the £ could go up or down depending on Brexit. Is this something to worry about? I assume it's all relative and not much can be done really. One bloke at work says a financial crash is so imminent he's actually buying up gold and saying we should be doing the same! Is that rather extreme?

2. It's in my interest for property prices to come down, but also I don't want my hard-earned savings to become worth-less if that makes sense.

I've probably done a really bad job of explaining myself!

TL;DR I am still on the fence of which way to vote, I've watched brexit the movie and I am swaying towards leave, but need some more clarification on what's in my interests as a 23 year old with savings and wanting to get on the property ladder in say 5 years time.

Cheers, Tom.

According to Mark carney at the BOE and the Treasury in various reports, BREXIT will benefit you as it will lead to higher interest rates paid on your savings and lower house prices than if we remain.

Set against that if your are a median or above earner you might see an increase in the cost of things like costa coffee etc as the reduction in unskilled labour might lead to higher wages for those currently on the lowest incomes.

Generali

tommysaver wrote: »

Hi guys, I'm new to the forum but have browsed it regularly (Pretty on top of my finances for a 23 year old!)

I'm trying to educate myself a bit further on this referendum and have a couple of points I'd like to raise, if anyone would kindly elaborate/expand on!

1. Savings. I've done pretty well over the years, worked full time since 18; and I have quite a nice amount stashed for the future e.g. Deposit. People at work are suggesting the value of the £ could go up or down depending on Brexit. Is this something to worry about? I assume it's all relative and not much can be done really. One bloke at work says a financial crash is so imminent he's actually buying up gold and saying we should be doing the same! Is that rather extreme?

2. It's in my interest for property prices to come down, but also I don't want my hard-earned savings to become worth-less if that makes sense.

I've probably done a really bad job of explaining myself!

TL;DR I am still on the fence of which way to vote, I've watched brexit the movie and I am swaying towards leave, but need some more clarification on what's in my interests as a 23 year old with savings and wanting to get on the property ladder in say 5 years time.

Cheers, Tom.

1. The pound will almost certainly fall on a Brexit vote immediately. Does that matter for you? Probably not. It might make some imported stuff a bit pricier but it probably makes next to no genuine difference to you.
2. Property prices don't exist in a vacuum, they fall because the economy has gone to pot generally speaking. Also, if property prices fall you will need to pony up a bigger deposit.

TBH, neither of the points you raise seem to be good reasons to vote for or against Brexit. If I were you I'd vote for whichever option you think will deliver a stronger economy as that will do more for you over the next 45-50 years of your working life than any transient change in asset values.

Thrugelmir

BobQ wrote: »

GDP will continue to rise and be higher in the long term

What's happening to growth in Europe? Germany cannot sell more and more cars in exchange for olives from Southern Europe.