MSE News: Martin's reaction to Brexit
Former_MSE_Steve_1
Posts: 79 Forumite
MoneySavingExpert.com founder Martin Lewis has posted a short homemade video with his initial reaction to the referendum result...
Read the full story:
'Martin's reaction to Brexit – what will it mean for the economy, mortgages, savings and more?'
Click reply below to discuss. 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.
'Martin's reaction to Brexit – what will it mean for the economy, mortgages, savings and more?'
Click reply below to discuss. 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.
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Comments
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Is there a transcript for those of us who can't watch video at work?I think....0
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Is there a transcript for those of us who can't watch video at work?
I've just watched it.
He looks kn*ckered and rambles a bit after an all-nighter;)
Basic message is:
we don't know what will happen next
interest rates unlikely to rise in short term
effect on house prices unknown
savings probably still safe under £75k FSCS limit
pound buys less currency so holidays will cost more
imports will cost more so BOE will probably print more money to avoid stagnating economy
lots of financial pain, but we don't know how severe
above all, we must all work together - KEEP CALM & CARRY ON:cool:
Oh, and that the people leading us will still be leading us. Which has already been overtaken by events!0 -
What I'd really like to know, is what Martin thinks is going to happen to EU citizens who, like me, live, work and own property in the UK.
What will happen to our right to work and own property here? What about our children's university fees?
Any thoughts?0 -
BadTemperedCat wrote: »What I'd really like to know, is what Martin thinks is going to happen to EU citizens who, like me, live, work and own property in the UK.
What will happen to our right to work and own property here? What about our children's university fees?
Any thoughts?
I know it's a big concern to you but to the vast majority of the UK population it's a side issue that won't be given any priority and will eventually be dealt with at some point in the exit negotiations. No help to you, and you'll be living with uncertainty for quite a while, but the rest of us have more pressing concerns to worry about.0 -
I know it's a big concern to you but to the vast majority of the UK population it's a side issue that won't be given any priority and will eventually be dealt with at some point in the exit negotiations. No help to you, and you'll be living with uncertainty for quite a while, but the rest of us have more pressing concerns to worry about.
Wow thanks for your empathy.0 -
BadTemperedCat wrote: »What I'd really like to know, is what Martin thinks is going to happen to EU citizens who, like me, live, work and own property in the UK.
What will happen to our right to work and own property here? What about our children's university fees?
Can you get yourselves UK citizenship? Possibly as a second nationality? It will take some time and cost some money but it would remove a lot of uncertainty for you and your family.
https://www.gov.uk/becoming-a-british-citizen/check-if-you-can-apply0 -
Can you get yourselves UK citizenship? Possibly as a second nationality? It will take some time and cost some money but it would remove a lot of uncertainty for you and your family.
Sure I could but it's really expensive and I can't really afford it. Probably will for my son though as he was born here and considers himself English, and it's a bit cheaper for under-18s.0 -
No help to you, and you'll be living with uncertainty for quite a while, but the rest of us have more pressing concerns to worry about.0
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Glad we voted out, thank god.0
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