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Getting cold feet

2»

Comments

  • 1010
    1010 Posts: 24 Forumite
    Part of the Furniture 10 Posts Combo Breaker
    just wondered what you have decided to do ? I think we are going to go for it.
  • Crashy_Time
    Crashy_Time Posts: 13,386 Forumite
    10,000 Posts Seventh Anniversary Name Dropper
    letitbe90 wrote: »
    Go for it, I wouldn’t worry about Brexit. Not enough appetite for a no deal Brexit, not even Boris could make that happen (government would be brought down and article 50 revoked before no deal occurs).

    The consequences of revoking would be much worse than leaving, it isn`t going to happen, people just need to accept that we are going out on the so called No Deal IMO, the consequences for democracy are too catastrophic otherwise.
  • Crashy_Time
    Crashy_Time Posts: 13,386 Forumite
    10,000 Posts Seventh Anniversary Name Dropper
    davidmcn wrote: »
    Whatever Brexit turns out to be (if anything) will be played out over years to come rather than being a sudden event, and in any event there's always the risk of something adverse happening to the economy, so you could be delaying for ever if that were your main concern. So I would put that to one side and focus on the other criteria.

    A No Deal Brexit will be an immediate shock to credit and financial markets, and will have as yet unknown effects on many levels and may even cause a domino effect which leads to the demise of the EU project, and that I believe is when interest rate shocks could appear. The bigger the debt in this scenario the bigger the pain could be.
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