Brexit - Economic impact?

Thrugelmir

mrginge wrote: »

Incredible how such a small, insignificant country with no ability to exist independently of the EU can cause such chaos around the worlds financial markets.

Someone should have warned the EU that they were risking such a disaster by not being more accommodating to their member's requests.

Shows how fragile the structure actually is. Any one prepared to bail out Italian banks?

Tromking

HAMISH_MCTAVISH wrote: »

No rational person would ever enter a lottery where the maximum prize on offer is a few pence an hour on the wages of a fifth of entrants, but 1 in every 20 will lose their job, and 1 in every 50 will lose their house in the DIY Recession that will follow the lottery.

Yet that's exactly what the leave camp are offering.

If the latest polls are accurate I can only conclude around half of Britain are either deeply irrational or closet masochists.

Don't confuse the 'Big Nation' attitudes of the Brits with (no offence) that of the parochial Scots. Brits don't scare easily.

HAMISH_MCTAVISH

Tromking wrote: »

Brits don't scare easily.

The shift in polling data after the onslaught of false media scare stories about Turkey joining the EU would seem to disprove your claim.

wymondham

I think in a nutshell if we Brexit we'll take a hit in the short term, but in the long term I think Britain could be reborn. With the right leaders we could be a proud nation again and not afraid of change - change is sometimes good??

Mistermeaner

Proud nation? !!!!!! is that?

HAMISH_MCTAVISH

wymondham wrote: »

I think in a nutshell if we Brexit we'll take a hit in the short term,

If by 'hit' you mean a stonking great recession similar to 2008 all over again I'd agree with you.

But millions of people have not fully recovered from the damage to their long term finances from the last one yet - and are in no position to endure/survive another one so quickly.

A Brexitary DIY Recession will cause real harm to huge sections of society - and many will just not have time to recover from the damage during their working lives.

but in the long term I think Britain could be reborn. With the right leaders we could be a proud nation again and not afraid of change - change is sometimes good??

Everyone in favour of Brexit seems to have this great belief in what Britain could do after we exit - as if exiting would be some form of panacea for all that ails us - the problem is none of them can agree on what that should be and many/most of the things the different groups want are mutually exclusive.

It's snake oil peddled by snake oil salesmen who want us to believe in their voodoo economics and fearmongering about immigrants.

Britain is a proud nation today - extremely successful and a shining example of how to benefit from all the advantages of being in the EU - whilst also trading successfully with the rest of the World.

It would be an act of collective madness to leave.

marleyboy

Going4TheDream

HAMISH_MCTAVISH wrote: »

If by 'hit' you mean a stonking great recession similar to 2008 all over again I'd agree with you.

But millions of people have not fully recovered from the damage to their long term finances from the last one yet - and are in no position to endure/survive another one so quickly.

A Brexitary DIY Recession will cause real harm to huge sections of society - and many will just not have time to recover from the damage during their working lives.



Everyone in favour of Brexit seems to have this great belief in what Britain could do after we exit - as if exiting would be some form of panacea for all that ails us - the problem is none of them can agree on what that should be and many/most of the things the different groups want are mutually exclusive.

It's snake oil peddled by snake oil salesmen who want us to believe in their voodoo economics and fearmongering about immigrants.

Britain is a proud nation today - extremely successful and a shining example of how to benefit from all the advantages of being in the EU - whilst also trading successfully with the rest of the World.

It would be an act of collective madness to leave.

Strangely all the experts telling us how disastrous it will be if we leave as the same 'experts' who failed to notice we were heading for a major recession last time.

Boom and bust is just part of the cycle of capitalism, whether we stay in or leave, we will at some point in the future have another recession.

HAMISH_MCTAVISH

Going4TheDream wrote: »

whether we stay in or leave, we will at some point in the future have another recession.

Most likely.

But that doesn't change the fact that the DIY Brexit Recession is avoidable by simply not Brexiting.

mwpt

bravotango wrote: »

As people have said no one really knows what will actually happen if BREXIT is voted in. It's all "hypothetical", but the remain compaign won't admit to this.

That seems entirely untrue to me. The entire point is that a vote to remain is a vote to continue with a system which has seen the UK grow wealthier over the last several generations. The point of stating possibilities after brexit is because the leave camp have absolutely no idea what our country will look like if we leave. I do not understand what you people are voting for if you vote leave. Everyone seems to want something different. Are you going to blame lack of democracy when the next government continues letting in exactly the same amount of immigration as previous governments?