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To be worried that the Brexiteers might be wrong and an economic disaster is waiting if we leave?

(496 Posts)
Girlwithnotattoos Mon 20-Jun-16 23:09:24

What if we wake up on Friday out of the EU, probably nothing immediately other than some soul searching by the remainders. But what about in the months to come? What if all the economists and world leaders were right? We could be heading down the swanny big time, companies moving to the EU proper, jobs going left right and centre, deficit increasing because of lost revenues (taxes, vat etc).

I've listened to the fervent Brexiteers who have dismissed everything put to them as propaganda and yet they still haven't come up with a plan to counter the 'what if' scenarios. Am I the only one to be worried that nobody has a plan B if the economy does slow down to tune of 1.4%to 6% as predicted bearing in mind that a reduction of just 0.4% would counteract any saving to be made on what we contribute to the EU?

BombadierFritz Mon 20-Jun-16 23:11:44

Oh i think it will start to happen by the friday

wasonthelist Mon 20-Jun-16 23:13:33

YANBU - since you seem determined to worry, please go ahead.

Permanentlyexhausted Mon 20-Jun-16 23:16:09

I think if we vote to leave, that is exactly what we'll find. The vast majority of respected economists and political scientists think we should stay and are highly likely to have called this right.

Girlwithnotattoos Mon 20-Jun-16 23:16:27

I am worried, I know how things are now, no one seems to have any idea what a post Bexit UK might look like.

annandale Mon 20-Jun-16 23:16:48

Well, you're not the only one, in that both remain and leave think there will be an economic contraction and most remainers think it would be severe.

So vote remain, then get on with your life the same as you always have.

Kummerspeck Mon 20-Jun-16 23:16:51

There are no certainties on either side. You might just as well worry about what if we stay in, migration increases, NHS and schools can't cope, etc. What is the Plan B there?
Or what if we stay in and other countries go under and need bail outs. Would we be happy to support them or would we wish we'd left?

Ultimately, economists make their predictions using assumptions of what conditions might be in the future so nobody can be sure on either side

AdjustableWench Mon 20-Jun-16 23:19:56

Leaving will be disastrous: just economically, but also because of all the other benefits we gain by being part of the EU - for example, academic partnerships, research partnerships, and learning opportunities for schoolkids and university students. Just one aspect of it. There are so many more.

The idea of leaving the EU terrifies me.

Girlwithnotattoos Mon 20-Jun-16 23:20:08

My life will probably be fine whatever transpires, but I know the pain job losses cause to families and communities, and around here there a few major employers who are manufacturers several of which are household names, all attempting to come up with contingency plans for Brexit.

Girlwithnotattoos Mon 20-Jun-16 23:21:55

I think the austerity agenda has played a bigger part in the lack of school places and waits at GP surgeries etc than any influx of immigrants.

AppleMagic Mon 20-Jun-16 23:22:25

I think there will be immediate financial effects as soon as the markets open on Friday (presuming the count is completed before then).

AdjustableWench Mon 20-Jun-16 23:22:47

Eek! *not just economically

Girlwithnotattoos Mon 20-Jun-16 23:24:16

I worry about all the other stuff as well, but the idea of gambling with people's jobs and livelihoods really scares me.

ThePinkOcelot Mon 20-Jun-16 23:24:39

What if we stay in and end up down the swanny?! The country has gone to the dogs in, perhaps we should try out!

Girlwithnotattoos Mon 20-Jun-16 23:25:36

No ones predicting a recession if we stay, are they?

FranHastings Mon 20-Jun-16 23:29:33

My husband is heading to work at the crack of dawn on Friday because he fully expects a veritable shit storm to be unleashed on the markets if we leave.

His firm has also indicated they will sell up and leave if we leave the EU, so he will have to look for a new job within the next few years/immediate future. Which means we will likely have to move areas, possibly countries. Fabulous. hmm

glassgarden Mon 20-Jun-16 23:29:33

experts rarely make accurate predictions, an educated guess is still a guess, the economy is a second order chaotic system and as such inherently unpredictable

Iflyaway Mon 20-Jun-16 23:34:46

Really, I would rather listen to guys who know what they're talking about cos they have studied it, than guys who love to spread fear and hate...

(guys not being gender or politically specific!).

We are in the 21st Century, all historical bets are off. Vote for the future! And One World!

Did you know that the Syria problem started with Climate Change? You can google it.
Only gonna get worse all over the world....

Brexit won't change a thing.

thecatfromjapan Mon 20-Jun-16 23:38:53

Dh's firm are putting plans in place to move HQ, for tax purposes, if the vote is for Brexit. confused

TheFairyCaravan Mon 20-Jun-16 23:39:02

I'm afraid too.

When faced with who rationally to believe, Farage or experts, I'm going with the experts. I don't think the economic effects of leaving would be short term, I think we'd be paying for years to come. But it won't be all the elite who told us it would be fine and dandy once we were out who are paying, it will be the ordinary people.

I am really worried for my children's future.

Brokenbiscuit Mon 20-Jun-16 23:39:49

I think the economy will take an immediate hit if we vote out.

I suspect that an awful lot of leave voters will bitterly regret their decisions further down the line, but of course, it will be too late by then.

thecatfromjapan Mon 20-Jun-16 23:40:44

Tax and trading.

I totally have my head in the sand (and fingers in ears) about it. grin

Girlwithnotattoos Mon 20-Jun-16 23:46:57

Another referendum could be held in years to come if things turn out to be drastically different to what's expected, but if we leave that will be it no second chances if Farrage et so are wrong after all.

Somerville Mon 20-Jun-16 23:48:06

Most of the companies in my industry are holding off on big and small decisions until the result is clear. Which means that as a freelancer I don't have enough projects lined up to meet my outgoings. A year ago I was having to turn work away.

I've finished a load more pitches and proposals today to submit straight after a remain vote. Hopefully. Not sure what I'll do otherwise as most of the companies I work for will move abroad (or at least move the side of things that I work on abroad), and I can't move or even travel a lot for work as a lone parent.

It's really scary.

Millyonthefloss2 Mon 20-Jun-16 23:50:31

There is uncertainty if we leave, but the British economy is pretty sound. The Eurozone however is not. Sooner or later the economies of Southern Europe probably will crash (sadly ). So there is just as much uncertainty and risk if we remain.

But we are a sensible, fair, hardworking and comparitively uncorrupt
country. We will cope and prosper either way. So don't give into fear. Don't vote on the basis of wild, short term economic predictions. Vote with your heart.

Or if you really want to understand the financial implications of Brexit, listen to somebody sensible like Neil Woodford. A man with no political agenda except investing in sound businesses, and one of the few who did predict the 2008 crash.

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