Brexit and Money

armchaireconomist

Your contingency is to hold your cash in Euros? Lord help you post-Brexit.

Missus_Hyde

If we hard Brexit we want to leave the UK. Husband has been offered jobs abroad already.

AnotherJoe wrote: »

Obviously your next step is to run around screaming "the sky is falling"

Please do leave. Obviously this country is so pathetic it cannot live without being attached to Europe. Go where the European economy means any country under its umbrella is fine . Try Ital ... No? OK Gre .. well OK try Portug...oh OK errm Irel. .... no ...

Oh yes, please do leave!!

(Can't imagine why you're still hanging around since you think the UK is doomed without Europe breathing down it's neck!!) :cool:

bigadaj

Glen_Clark wrote: »

I'm a bit suspicious about all this talk of 'Growth' because I don't know how much of it is just house price inflation. But I think whats spooking the markets this month is drawing red lines on 'sovereignty' and immigration. To maintain those things we are likely to have to sacrifice free trade. Being dictated to by Westminster/House of Lords/ Buckingham Palace instead of Brussels is of doubtful advantage. But perhaps the biggest irony is the immigration problem will solve itself when the currency is trashed because immigrants will no longer want to come here. And immigration is generally good for business as it brings in new skills.
No wonder the markets don't like what they hear.

Should solve some of the housing crisis though, might even lead to a drop in house prices. That should cheer you up.

melbury

Well I certainly do hope it is a hard brexit, otherwise the whole referendum will have been a complete waste of time.

We don't want to end up in a "no change" situation.

The world will be our oyster and we should be thrilled to kick off the Euro shackles and get back out there. Euroland will surely fall apart anyway, it is a just a case of when.

ruperts

Some harsh comments, but in fairness salaries abroad when converted to sterling are looking ever more attractive. I've long been planning to go and work abroad at some point in the next five years. Nothing to do with brexit, just because I want to. For much of the last five years while I've been casually browsing jobs abroad potential salaries have been around 3x my uk salary, now they're more like 4x. Obviously you have to take into account cost of living abroad, but the point remains that it's going to be very tempting for a lot of people to go abroad. Especially younger professionals who are priced out of the housing market. Why stay in the uk earning a pittance in global terms unable to buy even a basic shelter when you can go abroad and have a vastly superior lifestyle. It'll be a no-brained for many, I'm sure. Let the great brain drain of the late 2010's commence.

AnotherJoe

ruperts wrote: »

salaries abroad when converted to sterling are looking ever more attractive. ........ For much of the last five years while I've been casually browsing jobs abroad potential salaries have been around 3x my uk salary, now they're more like 4x. Obviously you have to take into account cost of living abroad.

As you point out and then ignore in the same breath, that's irrelevant as it's solely down to the exchange rate. Relevant to living in that country, it's exactly the same as it was pre vote. So that should have zero effect upon your decision.

ruperts wrote: »

. but the point remains that it's going to be very tempting for a lot of people to go abroad. Especially younger professionals who are priced out of the housing market. Why stay in the uk earning a pittance in global terms unable to buy even a basic shelter when you can go abroad and have a vastly superior lifestyle. It'll be a no-brained for many, I'm sure. Let the great brain drain of the late 2010's commence.

I'm sure there are niches out there for people with the right skills and languages but there's a very good reason so many talented young Europeans are coming here for jobs. If it's so rosy in their home countries, why do you think they are coming to the UK? Have you looked at the statistics for unemployment in Greece, Italy, Portugal, Ireland ..... ?

You might also want to check house ownership statistics on the continent and wonder why so many rent.
And tax. Invome and others. Check out vat in the Nordics. Will make your eyes water.

armchaireconomist

Euro has crippled many European economies (Greece bailouts most notably), unemployment (particularly among youths in Portugal and Italy for example as high as 50%), poverty and pay gaps rife and Brexit is just the first of many to down tools for the EU project. Personally i think you'd be mad to move there or convert your glorious British pounds into Euros. Exchange rate will recover medium term, fallout isn't going to be close to what half have predicted. Relax. Move on.

ThePants999

The original post obviously has some... shortcomings, and people are eloquently pointing them out, which is great and all. But comments like this...

dunstonh wrote: »

Perhaps a bit more respect for the Prime Minister of this country is in order.

...and the related ones, are a bit silly. I'm not anti-May, but if someone feels that the person in charge of the country is doing a poor job, using a derogatory nickname is hardly out of order. The PM is not automatically entitled to respect because of their job; if you believe they're taking decisions that are making your beloved country worse, being respectful would be almost inappropriate, never mind necessary. God knows if I'd been posting here when Gordon Brown were PM, you'd have seen worse from me...

Glen_Clark

ThePants999 wrote: »

The original post obviously has some... shortcomings, and people are eloquently pointing them out, which is great and all. But comments like this...

...and the related ones, are a bit silly. I'm not anti-May, but if someone feels that the person in charge of the country is doing a poor job, using a derogatory nickname is hardly out of order. The PM is not automatically entitled to respect because of their job; if you believe they're taking decisions that are making your beloved country worse, being respectful would be almost inappropriate, never mind necessary. God knows if I'd been posting here when Gordon Brown were PM, you'd have seen worse from me...

At the moment I have more respect for Theresa May than any other Tory Prime Minister, because she frequently clashed with Osborne, and always had evidence to back up her position which Osborne usually didn't. She has been handed a poison chalice, and is generally saying the right things - but then they all say that, whether she will do the right things remains to be seen.

Gnocchi

My husband was offered a five year contract in the Middle East. Tax free, about 3.5X current salary six months there 3 months off and they said tax free.

We discussed using money to fund finishing off house then renting it out and renting in Cyprus or even in the ME. But with referendum vote it rules out Cyprus though I know people there. I don't se myself in a burka.

Five years would mean at least two years in total, living by myself and I didn't get married to do that.

I will call Mayhem anything I please.