Brexit rage

[holeinyourhead]

What's happened in the last 10 days has really affected me. It's all I think about tbh and I feel so enraged at seeing the politicians lie to us so lavishly then bail on us so swiftly, yet I'm completely powerless to do anything. I marched, I wrote to my MP, I've signed petitions. I'm obviously one of the 48% who wanted to remain. I can't find fault with the 52% who voted to leave, it's not their fault. It's a democratic process, I understand that of course. Everyone's entitled to their view and it's not that I'm a sore loser. But the catastrophic fallout isn't what even the most hardline leave voter would have wished for, there's no Brexit plan, and the future looks very bleak. I was at a conference today and a Conservative MP and a Brussels Eurocrats both agreed a recession in the medium term is now inevitable. People around me seem to be getting on with things - I wish I could too - but I've been very tearful and sleepless and worried sick. I run a European business just out of start up phase, employing a handful of people who by chance are not British born and who are now very nervous themselves about the future. The more I read the more hopeless I feel with each passing resignation. AIBU to feel like this? Does anyone else feel the same? Am I going nuts?!! I feel very alone.

£1 = 1.17 euro and falling

Bank rate = 0.5% (and will probably fall further)

Current account deficit = £33bn

Does that seem healthy to you?

imother - using that logic, why don't we ban all trade with countries that don't begin with "z". That will concentrate minds and encourage an export boom to Zambia and Zimbabwe.

Are you really relying on the Daily Express for financial news?

pasty no it doesn't.

And I can't take any financial article in the Express seriously either.

If that was before 23/5 Bengal, you were ripped off!

23/6 even

I think you need to do more research on where to get your currency. Agree with pasty that if you were offered that rate prior to the referendum you were ripped off.

www.xe.com/currencycharts/?from=GBP&to=EUR&view=1M

^This.

Would agree economy not healthy. Still recovering from 08 crash. Brexit slump won't help. But I don't think we had a choice. Long term it would only have got worse. EU is stagnating & on downward trajectory with many problems bubbling away likely to pop.

That's the differency between the currency market & exchange rate

Fair enough imother, though those problems will affect us whether we are in or out.

imother Certainly don't share your optimism that current research, infrastructure and academia funding will be picked up. In any case, it's already 'local' bodies such as the Department for Communities and Local Government that that apply for funds, not the EU telling us where to spend them. How is UK decision making in this area suddenly going to improve? Definitely feeling the BREXIT rage, but also grieving because being in the EU (however much it needed improving) was more than self-interested economic performance.

citroen, afaik the EU sets the criteria for regional funding eg as per capita deprivation metrics such as certain % unemployed, low educational/training attainment, health probs etc.

But UK gov might decide that Cornwall eg will mostly benefit from tourism to stimulate local economy, but investment in NE will attract more businesses for longer term regeneration, even tho on paper Cornwall has worse metrics.

also grieving because being in the EU (however much it needed improving) was more than self-interested economic performance. - yes it was about imposing a federal state - a facist ideal if ever there was one, given that a democratic vote in many countries would be against this.