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

[Girlwithnotattoos]

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?

I think people who are voting leave are wrong, so Yanbu.

A recession will be announced within days of the referendum result, regardless of which way it goes:

We are already in a recession.

I do hope all those voting to leave are prepared for capital flight and for people to lose their homes though.

I'm sure some will feel bitterly disappointed that their vote has left them worse off.

People will be disappointed by leave, they will be disappointed by stay. Both will wreck the economy.

People losing their homes? What a hysterical comment. If individuals have been financially irresponsible that is a matter for them, not the fault of the EU or government of the day.

believe some people are wanting an easy life; I know people voting leave as they have gained massively from the previous financial crashes and just cant wait for another. This really is same selfish premise as people voting remain because they don't want to risk house prices falling and their own DCs to have chance to also own home.

Equally you could argue that older voters who are sitting pretty with their final salary private pension, triple locked state pension and house paid off voting leave are selfish as they won't bear the brunt of the economic shitstorm heading our way if we exit.

Also a dramatic collapse in house prices won't help young people. How willing will banks be to grant mortgages to first time buyers when there's a chance they'll be in negative equity as soon as they get the keys? Just as after the crash mortgage availability will dry up.

The economists claimed we would die of fire and death if we didn't join the euro. They have been wrong on everything.

BengalCatMum

How will people save for even a modest deposit if they have no job? Or a crappy "living wage" one? And there's a housing shortage crisis? And plans to build more houses are put on hold because of the recession? And all the people who've lost their houses are now looking at properties lower down the ladder too? And fewer people are paying in tax which means tax increases for those that are? And banks are even more risk averse than before?

You're living in cloud cuckoo land.

It will be the 20/30/40 -somethings who have managed to scrape onto the housing ladder already, not the 50+ who have paid off most of their mortgages, who will suffer.

The best way to get more people on the property ladder is to build more housing, not plunge the country into recession...

As I said in first post I am willing to suffer 5-10 year recession and struggle to in the end hopefully end up kind of as most 50-60 are now; with own home.

That's a hell of a lot of pain which you might be able to ride out if you are comparatively financially stable, but that's a lot of school leavers futures/ those already struggling who will be sacrificed in that interim 10 year period, all for the possibility of cheaper housing (an issue that disproportionately effects those in the south east of England). I might disagree with you on this, but I share your admiration for the Bengal cats though!

It's not just the economists though is it believing we should remain.

It's most MPs

It's most business leaders

It's Martin from MoneySavingExpert

And frankly I think this transcends the economy anyway. What sort of message would we give the world and our children by "pulling up the drawbridge"? Not one of inclusion, integration, working together, problem solving, progressive thinking.

A 5-10 year recession in the current global climate of rising unrest and extremism might lead to a lot worse outcomes than poverty or joblessness alone. Would you be willing to plunge the country into war for the idea of owning your own home? Why?

Exactly fusion

Manamea that isn't the case, opinions about the UK joining the Euro were far, far more mixed, a larger number cautioned leaders against ruling it out before the currency was established (an issue that divided the dying days of the Major government) but to say all economists were banging the drum for the Euro is completely wipe of the mark.

Anyway, the argument of 'some other people were wrong about something in the past, therefore they are wrong now despite all evidence to the contrary' is no argument at all.

Thing is there are no guarantees either way.

If people think if we remain it means we won't have recessions whilst in the EU then I think they may be disappointed. (Yes I have actually heard people say that in rl)

They have happened before and could again

"It's Martin from MoneySavingExpert grin"

Actually he said he wasn't sure and there were no facts either way, but he was leaning towards REMAIN 55/45. He also told the REMAIN liars to stop using his name for their campaign.

Actually he said he wasn't sure and there were no facts either way, but he was leaning towards REMAIN 55/45. He also told the REMAIN liars to stop using his name for their campaign.

Yep he was none to happy about them using him at all.

Remain ARE a bunch of manipulative liars. They are currently exploiting the death of Jo Cox, because that's obviously A-OK to use for political capital, but if BREXIT try to talk about EU migration, rape, etc. then RACIST.

Equally you could argue that older voters who are sitting pretty with their final salary private pension, triple locked state pension and house paid off voting leave are selfish as they won't bear the brunt of the economic shitstorm heading our way if we exit.
listen to yourself - such a sweeping statement and very disappointing when it attacks a group of people who are voting remain or leave based on their concern for their children and grandchildren - how do you equate the age of an individual by how much they will be affected whether we stay or leave.
TBH many of the older generation have a lot more experience and knowledge - you know MATURITY to see through the scare-mongering and hysteria.

honestly I am appalled by the 'blaming' going on here based on age.

The Swiss have recently formally dropped their EU membership application (lingering since 1992), saying that only 'lunatics' would want to join the EU now.

Obviously the Swiss are notorious for their weak economy and toilet paper currency. Or something like that.