What will Brexit really mean???

[WhatchaMaCalllit]

What will it really mean when the UK leaves the EU?

• No more adherence to EU legislation
• UK controls their own borders (this is interesting and has huge implications for Northern Ireland and Rep of Ireland which up to very recently has not been a priority for the UK Government)
• No more paying into the EU

• No more taking out of the EU (farming subsidies would be gone)
• Freedom of movement of EU citizens (the other EU member countries could require UK citizens to apply for and need a visa to travel to their country and the UK could require a visa to visit England, Scotland, Wales and NI - how workable is that really???)

Anything else?? (the above is what I've thought off the top of my head but I'm sure there is considerably more that will take place).

[ItsAllGoingToBeFine]

The no more taking out of the EU means that WM will be responsible for subsidising regions that need it, rather than them applying to the EU. I suspect that may not happen.

The short answer to your question is that we will be absolutely fucked, more so as time goes on.

[WhatchaMaCalllit]

So, WM won't actually have enough money to subsidise its own regions??
I wish there was another referendum on in or out of the EU rather than the one being suggested today about Scottish independence.

Considering a lot of UK citizens were sold a pack of lies written on the side of a bus about how much money the NHS would get if the UK left the EU, I think there may be a different result this time as people are just a bit wiser to what is going on.

But I gather that is as likely to happen as pigs flying....

[ItsAllGoingToBeFine]

So, WM won't actually have enough money to subsidise its own regions??

It may do, but whether it would choose to or not is another question...

[histinyhandsarefrozen]

It's all going to be fine, you need to change your name!

Apparently, this will happen:

1. We will get control back.
   
2. It will be difficult for a few months, years, twenty years or so, but it will be worth it in the end.
   
3. We will be a sovereign nation again.
   

It's all very exciting. Crack out the champagne.

[Mistigri]

What brexit means depends on what sort of brexit you get ;)

Whatever May would like you to believe, it is not at all certain that she is aiming for a hard brexit. Notably, the budget included precisely no near-term funding for the infrastructure spending that will be required, eg at ports.

For the average person a soft brexit would not look very different to remaining.

[EffinElle]

This is the problem, NO one knows what brexit will mean

[boredofbrexit]

It means we will leave the EU.
Br=British Exit=exit
Just saying.

[Bearbehind]

Another fine example of the ridiculously naive thought process of most Leavers there bored

Did you read the word really in the title?

[Suenahmi]

What is WM?

[Figmentofmyimagination]

Whatever else it means, it'll mean a lengthy graduate recruitment freeze for all our lovely teenage children, who have worked so hard - which breaks my heart tbh.

It's started already.

[Figmentofmyimagination]

www.google.co.uk/amp/s/amp.ft.com/content/9b72d348-7050-11e6-a0c9-1365ce54b926

[JumpingJellybeanz]

No more adherence to EU legislation

There'll still be rather a lot we'll have to adhere to if we want to continue doing business with them.

[Gowgirl]

Its going to be a shambles which hits the very areas that voted for it when they lose the eu subsidies

[ItsAllGoingToBeFine]

What is WM

The Westminster Parliament

[Kaija]

A big drop in the inward investment on which the UK currently relies as companies look to countries within the single market for a European base. Corresponding drop in tax revenue and jobs.

[Fruitboxjury]

It's going to means a collapse in house prices as no one who wants to can afford to buy here, and no one who can afford to buy here will want to... especially for the older generation who stubbornly walked their children and grandchildren (the majority of under 50s voted to remain) into this mess.

Hopefully it also means a means-tested state pension as at the moment they're also expecting their children and grandchildren to pay for it all too.

[boredofbrexit]

well you lot will all be in demand for your prediction ability. Or not.

[Fruitboxjury]

I'm already taking bookings

[Kaija]

What do you think will happen to investment, bored, given that most investors give access to the single market as a key reason for investing?

There's prediction, and then there is seeing the iceberg right in front of you.

[boredofbrexit]

We will still have access to SM, like many other countries have.

[ItsAllGoingToBeFine]

We will still have access to SM, like many other countries have.

Of course, but there will be a significant cost attached to that access.

[Kaija]

Yes. Investors will have to choose between frictionless access to the market from within or having to factor in tariff and non tariff barriers from the UK.

[engineersthumb]

Bored...
We won't have access to the single market without tarrifs. What planet are you on if you don't think that will hurt!
We will still have to adhere to EU legislation to trade not to mention WTO which incidentally provents special single interest deals between countries short of a full blown trade deal. Sooner or latter people will wake up to the disaster that is brexit, unfortunately too late.

[Mistigri]

We will still have access to SM, like many other countries have.

Absolutely. But I don't think you understand what that means.

[engineersthumb]

Unfortunately he understood enough to operate a pencil but not what the 'x' actually meant!