No Deal and your transaction

TheProfessional

I can see why you ask the question but I believe deal or not there won't be any short term issues that would affect your move

Trade, travel, some unforeseen issues maybe. Banks though will have priced and prepared for this *hopefully* 

[Deleted User]

gab3x said:

DayDreamerandGeneralWaster said:

Christ on a bike. 

Do you have an anxiety disorder? Or perhaps l should say, maybe see your doctor about your anxiety levels. I'm not being rude, this level of catastrophising is unusual. 

Your reply is rude and offensive. 

Completely subjective.

NameUnavailable

If we - finally - leave on 1 January with no deal, nobody really knows what will happen, because nothing like this has happened before.

The Govt. are telling everyone to 'be prepared' but they can't actually tell us what we need to be prepared for!

It's a shamble, and a scandal. Whatever happens more businesses will go under after new year, more jobs will be lost and piled onto the Covid impact it will result in greater uncertainty and loss of confidence. Loss of confidence usually equates to a dip in the economy as people hold tight and hang onto what money they have.

Banks won't fail - at least not just because of Brexit - but it may lead to sudden changes in policy just as some people found when their mortgage offers were pulled between exchange and completion due to the impact of Covid (nobody expected that but it happened and caused huge problems for those affected).

So basically, it's a case of wait and see, but as long as you feel happy then proceed as normal for now.

SpiderLegs

Crashy_Time said:

Mickey666 said:

AdrianC said:

Mickey666 said:

Anyone remember the Millennium Bug disaster that was going to crash every computer on the planet and wreck all our critical institutions?  No?  Exactly

Umm, that didn't happen BECAUSE of the extensive planning that was in place beforehand, given that responsible adults recognised there was going to be a problem. "Anti-climax" was precisely the intended outcome.

Can you spot a difference with the forthcoming "Australia-style" no-deal...?

There will have been extensive planning going on in the background because responsible adults recognise there is a good chance of a no-deal exit from the EU.  By ‘responsible adults’ I don’t mean the government or the media but the people actually running the businesses that power our economy.   I have little doubt there will be some disruption and quite probably some business sectors will be very badly affected but there won’t be any sudden ‘systemic failure’ of our economy, the sun will still rise on 1st January 2021 and life will go on.  People, and therefore economies, are adaptable.

Imagine some sort of global threat that causes the shutdown of most international travel and draconian laws forcing people to stay in their homes for months on end, driving entertainment and holiday businesses into bankruptcy.  Let’s call it ‘lockdown’   Is it a systemic global catastrophe or do people and businesses adapt?

Or imagine a new form of technology that allows people to conduct business, communicate buy whatever they want and have it delivered the next day to their doorstep, globally.  A new form of commerce that makes the high street retail model completely redundant, leading to boarded-up shopping centres in every town and city around the world.  Let’s call it ‘the internet’.  Is it a systemic global catastrophe or do people and businesses adapt?

This time next year we’ll all be wondering what the fuss over ‘deal or no-deal’ was all about and there’ll be some new ‘global catastrophe’ occupying the printed and broadcast media and being echoed all around the various social media platforms.
T’was ever thus.

Really? Can you give us two events from your working lifetime equal to Brexit and Covid?

Two major events that have had negligible effects on house prices.
you keep spending your money on rent crashy, one day there’ll definitely be a double digit fall that leaves you only about 200% short of where you could have been 👌

pinkteapot

Banking collapse? Complete non-issue. More likely to be caused by a meteor slamming into the planet than Brexit. 

The only thing the prospect of no-deal would affect for me would be if my job was in a business that was reliant on EU trade as I'd have serious concerns about job security and might wobble on trading up my house if it made my budget tighter. But then Covid has reduced job security for most people anyway.

Incidentally, my money's on there being a deal at the absolute last possible minute. Both sides will hold out rather than concede early. They don't care that they'll leave businesses and individuals with too little time to prepare. 

Scotbot

pinkteapot said:

Incidentally, my money's on there being a deal at the absolute last possible minute. Both sides will hold out rather than concede early. They don't care that they'll leave businesses and individuals with too little time to prepare. 

Yep the question is not will there be a deal but who will blink first. 

Thrugelmir

Scotbot said:

pinkteapot said:

Incidentally, my money's on there being a deal at the absolute last possible minute. Both sides will hold out rather than concede early. They don't care that they'll leave businesses and individuals with too little time to prepare. 

Yep the question is not will there be a deal but who will blink first. 

Political intransigence is what binds the EU commision together unfortunately. No desire to deviate from the script. Ratification requires some 30 Parliaments to accede. No where near a conclusion. 

Scotbot

Thrugelmir said:

Scotbot said:

pinkteapot said:

Incidentally, my money's on there being a deal at the absolute last possible minute. Both sides will hold out rather than concede early. They don't care that they'll leave businesses and individuals with too little time to prepare. 

Yep the question is not will there be a deal but who will blink first. 

Political intransigence is what binds the EU commision together unfortunately. No desire to deviate from the script. Ratification requires some 30 Parliaments to accede. No where near a conclusion. 

Which is why I think Boris will be the blinker. 

Crashy_Time

NameUnavailable said:

If we - finally - leave on 1 January with no deal, nobody really knows what will happen, because nothing like this has happened before.

The Govt. are telling everyone to 'be prepared' but they can't actually tell us what we need to be prepared for!

It's a shamble, and a scandal. Whatever happens more businesses will go under after new year, more jobs will be lost and piled onto the Covid impact it will result in greater uncertainty and loss of confidence. Loss of confidence usually equates to a dip in the economy as people hold tight and hang onto what money they have.

Banks won't fail - at least not just because of Brexit - but it may lead to sudden changes in policy just as some people found when their mortgage offers were pulled between exchange and completion due to the impact of Covid (nobody expected that but it happened and caused huge problems for those affected).

So basically, it's a case of wait and see, but as long as you feel happy then proceed as normal for now.

The economy was in trouble before Brexit and Covid, I think one change now though will be that people realise they now need a cash pile for emergencies, that will have an effect on the economy as they cut back and save.

Getting_greyer

Crashy_Time said:

NameUnavailable said:

If we - finally - leave on 1 January with no deal, nobody really knows what will happen, because nothing like this has happened before.

The Govt. are telling everyone to 'be prepared' but they can't actually tell us what we need to be prepared for!

It's a shamble, and a scandal. Whatever happens more businesses will go under after new year, more jobs will be lost and piled onto the Covid impact it will result in greater uncertainty and loss of confidence. Loss of confidence usually equates to a dip in the economy as people hold tight and hang onto what money they have.

Banks won't fail - at least not just because of Brexit - but it may lead to sudden changes in policy just as some people found when their mortgage offers were pulled between exchange and completion due to the impact of Covid (nobody expected that but it happened and caused huge problems for those affected).

So basically, it's a case of wait and see, but as long as you feel happy then proceed as normal for now.

The economy was in trouble before Brexit and Covid, I think one change now though will be that people realise they now need a cash pile for emergencies, that will have an effect on the economy as they cut back and save.

Right up until the next _____ out to help out scheme.