to ask how you’re preparing for Brexit?

[CircleSquareCircleSquare]

There is so much uncertainty surrounding what will happen with trade deals and goodness knows what else, that I’m starting to wonder about making some sensible plans.

We have put a stop to some planned works we wanted to do to our house, we have downsized to one car and we grow a small amount of veg. We keep some stocks of food in the house but we have a large family so I never feel like we’d have enough.
We have discussed not taking a holiday this summer and DH is taking every training course possible at work in order to diversify his skills should his industry go tits up.

I’m wondering what decisions you’re making in your homes for what could possibly be a really uncertain time for a few years.

Stocking up on cocaine and training my children to be tiny ninjas.

I'm knitting a Martello tower. Just in case.

I have maxed out my mortgage, converted the cash into Euros and hidden it under the bed. Plan is the day before Brexit to jump on the Eurostar and escape. Once UK is out of the EU they wont be able to deport me, I will be quids in and living on easy street at the banks expense.

Be careful what you wish for. House price crash means negative equity across the board.

Homeowners in N.England are the most vulnerable. 10% off house prices would put 10% of northern homeowners in neg equity.

Hundreds of thousands of homeowners are still trapped in neg eq from 2007 crash.

85% of towns and cities worst affected are in the north.

Meanwhile the wealthy Londoners you were hoping would suffer won’t really notice 10% off 3 million quid houses.

Exactly mook
Leavers wont engage
So it's going to be fine? Great!! How?
What will replace agencies like the EMA (which has already left) and eurotom?
The banking groups that are leaving?
The massive decrease in EU nhs staff?
I'm all ears....!

We too are a little concerned.
Nothing major, but we are now hell bent on wiping off all debt and getting some savings.
I'm pretty certain Brexit is going to be a bumpy ride before its rights itself.
Better to be prepared than not me thinks

Be careful what you wish for. House price crash
I think most people would welcome a drop in house prices. Lots of people cant afford to get on the housing ladder so Brexit could be good for them.

In the event of no Deal, there won't be enough food in the country after approx 4/5 days.

😂😂😂

I will probably go out for a meal and have a drink to celebrate being free of EU tyranny.

I'll definitely be having a celebratory drink, but not a fancy 'out' meal - probs a takeaway 😁

I may throw a brexit party actually
🎉 🎊 🎈 🇬🇧 🍾 🥂

Some of the snark is unnecessary. There are some industries that could wobble because of Brexit and OP says her husbands' is one of them. In that case it's very sensible to prepare.

That said for most of us it will probably be life as normal - life in a recession kind of normal, but still normal.

10% of an £80,000 house isn't much. 10% of a house worth 2 or 3 million is a huge amount to lose in one go. I think the myth that only the poor will be affected needs to challenged..

Quick question for those in the know
We have a cash ISA that is a fair amount now. I'm concerned that this may plummet nearer the brexit deadline.
Should I cash in or leave be?

I think I must have missed the mass indoctrination day that the Leave voters had. Did you all attend the same workshops parroting the same old tired catchphrases.

Also, disliking the Tories and tending toward Labour does not mean you like Corbyn. Grow up.

Grow up.

Ooooh!!
😂😂

walking the house price drop won't be in isolation, the economy is likely to be in recession if prices drop enough to enable people who cannot afford them to afford them. They may well find themselves unable to buy because of the recession and it's impact.

House price drops impact all income groups, generally though higher income groups have more capacity to survive financial storms. This won't apply to everyone though.

Should I cash in or leave be? ISAs aren't paying much interest, better to cash in and convert to Euros or Bitcoin. Then you can make money out of Brexit.

Loving this thread. I think its prudent for all of us to cast an eye over our houses when big change comes.
The law of unforseen consequences. It will never do any harm in any circumstances.

I think the myth that only the poor will be affected needs to challenged..

Everyone will be affected, it’s just that the poorest will be the worst hit.

Losing 10% of value on a £3 million house - you still walk away with £2.7 million.

London house prices have rocketed in the last 10 years, so if you bought 10 years ago your house would still sell for way more than you paid for it.

the economy is likely to be in recession
Why 'likely'? Nobody is forecasting a recession.

disliking the Tories and tending toward Labour does not mean you like Corbyn.

If the months since the referendum have taught us anything it's that all these people have is vacuous sneering.

Getting health insurance sorted out because the NHS will inevitably fail. To the idiots saying it won't impact us and other countries aren't in the EU - do some reading, will you? You're the reason we're in this mess in the first place.

Seriously, if you live overseas and haven't sorted out your postal vote then please do.

I left the UK with no intention of moving back. I won’t be taking part in any vote that doesn’t effect me.

However stockpiling food, growing vegetables and learning how to repair stuff should be something that you do as part of normal life, you should be able to rely on yourself.

if house prices drop enough to enable people who currently cannot afford to buy it is highly unlikely to be a standalone economic event. Housing is heavily intertwined with the success of the UK economy

Here here Icedgem so many posters on here with their head up their arses.

But for someone who looses their job in that year, their personal finances could take such a battering they never fully recover.

this The 2008 Recession hit us hard, and put us on the path to leaving the UK in 2013. I wouldn’t move back to the UK for fear of a repeat of our last experience.