MoneySaving Poll: How does the prospect of Brexit make you feel about your finances?

346 Posts
MSE Staff
Poll started 4 October 2016
How does the prospect of Brexit make you feel about your finances?
Three months ago we asked how you felt about your finances after the UK voted to leave the European Union.
This week Theresa May confirmed we'll start the process by the end of March 2017.
So we're asking you again: how does the prospect of Brexit make you feel about your finances?
Did you vote? Are you surprised at the results so far? Have your say below. To see the results from last time, click here.
If you haven’t already, join the forum to reply. If you aren’t sure how it all works, read our New to Forum? Intro Guide.
Thanks!

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I simply don't understand any view point that says "to regain our independence/take back control" or "to prevent uncontrolled migration". The government(both labour and tory) had/has all the necessary controls it needs to protect us and it is their inaction not Europe's that damages us.
I am very scared that we are not going to prosper as we should be, and that we will be dealing with Europe as a second class country in the future.
On a personal level, while I expect inflation will increase as a result of Brexit, I think that is something I can accommodate by changing spending patterns.
On a national level, I think the fall in the value of the pound is good for the country and good for business. Our exports will be cheaper, imports will be more expensive, it will help to reduce the trade deficit.
Being outside the single market on trading on WTO tariffs will hurt the EU more than it will hurt us. We will be a net beneficiary. I would like the Govt to pay the import tariffs for our companies who export to the EU, using the money we receive from our own import tariffs on EU goods. We would still have a net surplus.
The Brexit vote has already affected our finances in a major way, which can and will, only get worse, with companies pulling out of the UK. As an example and what has never been reported in the UK press, is the fact, France is pushing for for the financial hub to be moved from London to a French city on the basis London would not be in the EU.
A lot of comments were made about excessive immigration and the UK would be able to control it. What total rubbish. The major part of the the large immigration figure put out by the government, were non Europeans, for which we could have stopped/checked as they did not come under the free movement criteria. But no attempt was made, so why should we believe the government will in the future ?
Further, the European immigration figures could have been checked as the French do by using delaying tactics.
This brings me back to my first comments, regarding our weak governments and total lack of back bone. i.e If one is in a club, that has a great many benefits, but does not like the way it is run, one does not throw ones dummies out of the pram and leave, but stands up and does something about it.
Widely reported in the UK press;
https://www.theguardian.com/world/2016/jul/06/france-strong-bid-banking-business-poised-to-leave-london-paris-brexit-manuel-valls
https://www.ft.com/content/e0a5af3a-3ddd-11e6-8716-a4a71e8140b0
http://www.telegraph.co.uk/news/2016/07/02/paris-opens-doors-to-city-of-london-businesses-looking-to-reloca/
I think if Financial Service Companies relocate, they will be more likely to go to Ireland. English is the default international language, and Ireland has low corporation tax.
I have been holidaying in EU countries for 5 years, and expect to continue. I may even move there, one day.
Husband got Card Protection Insurance money back, we're doing some for PPI at the moment. Cross fingers we get enough to pay credit card off.
Husband also whined abt credit card and he may get some charges back as they admitted wrong.
At the end of the month he'll get a £2000 early pension lump sum from one he started in 20s and didn't carry on with, to clear overdraft.
He may take another small one to do up kitchen and bathroom. That way if it gets really bad we can put it up for sale/auction pay off mortgage and leave UK.
We lliterally just finished paying off a £10k loan taken out 10 years ago last month so we're £300 a month better off now.
£100 per month will got into a euro savings account in France.
I lost £8000 off my pension in 2008 crash. Can't take anything out for years but can transfer it to France if pension meets HMRC requirements. Husband is looking into it too for others of his.
I've been watching GBP and even though it has rallied a bit at times, overall it's still a lot lower than before referendum.
I don't regard May, Boris etc as competent nor Corbyn nor Farron. I don't like the chucking out doctors stuff either.
So without debts, with savings going into euros, with pensions transferred. we can stay or go.
After the second world war, Britain was devastated economically, and unlike Germany which received aid from the USA we had to re-build the country and prior to the joining of the EEC we achieved a hell of a lot, including a National Health Service in 1948.
It is therefore very sad, that so many people seem to have this concept that we have no skills, no industry, no hope when we have always had such capabilities and still do, what's more with freedom to once again trade with our friends in New Zealand, Canada, Australia and Africa we can be successful, there are good reasons why China spends vast sums investing in Africa, but China wants to exploit Africa, we've been there in our past, but now we can offer skills and fair trade.
We should be outward looking in trade and industry, but that doesn't mean we have to be the fixer of the world's ill's. Why do we fight wars in the Middle East, and why do we look to house the worlds refugees, when virtually no assistance has come from far richer countries than ours. If we traded more freely, unlike the EU with poor countries, they would not be trapped in downward spirals of anarchy and war because the people have been conned with the false hope of a better land by the first nut job with a gun.