Is Anybody Making Personal Plans For Brexit?

[fakenamefornow]

Very worried about it.

I have some savings, not loads, just a few thousand. I'm thinking maybe I should convert it into foreign currency. What do others think? I have a holiday aboard planned next year, I've converted all the spending money we'll need already and plan to pay for meals etc while we're there in cash.

I've been saving as much money as I can, our mortgage still has another eight years to run. I really need a new car and we had planned to get a new kitchen as ours is falling apart but don't think I can risk spending money on stuff like that now. At the same time I want to take my children abroad as much as we can now as I don't think we'll be able to afford to post 2019.

I wish we could leave the country for the EU but it's just not easy for us, no access to foreign passports, children settled in really good schools, and not easily transferable jobs.

For context, I'll almost certainly be losing my job because of Brexit in 2019, not sure what will happen with my husbands job, don't think he'll lose it but it will be negatively affected.

Is anybody else making plans to try to mitigate Brexit? If so any more suggestions for us?

*can't

Out of interest, which EU countries would you move to if you could?

But you are all trying to plan for an outcome in all honesty you have no idea or any real or unbiased evidence to how it’s going to turn out in the near or longer term, Nobody really knows how this will end up, we have had 10 years of no growth while in the EU, till not back to pre financial crisis, how many of predicted that.

Brexit holds real fear for me precisely because I (just about) remember the '70's. I was born in NI, and I very much fear a resurgence of sectarian violence because of the Brexit 'border' issues.

I think if you've lived through the 70s and the recession, Brexit holds no real fear.

Astute democracy doesn't work through imposing fear on the populace.

I lived through the above.

Most discord (3 day week, miners' strike etc) sown by ineffectual tory governments trying to smash workers' rights and trades unions. Rather like what they're trying to do now with their 'brexit'.

This era also included imposing Westminster military rule on Northern Ireland. That didn't go well then either.

cross post there somerville

I think if you've lived through the 70s and the recession, Brexit holds no real fear. Yes things will be tough, but running away seems an overreaction,

As long as things aren’t as terrible as they theoretically ever could be, that means everything is A-OK and decent real people ought to think and do nothing. Thus casting a moral judgement on the other sort of people, those who worry, or make plans, or (gasp) "run away".

I am worried. But I only have a UK passport and I have absolutely no desire to emigrate so I'll just keep buggering on.

Race to the bottom, is it? I’ve lived through much worse beyond the iron curtain and I still think Brexit is shit and dread the impact.

It has already had an impact on our situation. We will be worse off- it’s just a case of by how much. So we’re very much prepping. We’ve fixed the mortgage for 5 years hoping to weather the worst of it. We’ve also been extra sensible with saving and investing to make sure we’ve got resources to fall back on. And my investments in the UK have gone down to below 5% of the total pot.

All this talk of investments! You are hardly going to be worst hit financially then

I am losing my job as a direct consequence of Brexit. I think DH also will.

@Scabbersley

worse off doesn’t mean badly off just a bit worse off than we are now (hopefully the prep pays off).

I think the ones most affected will be the ones who voted for it (very broadly speaking).

You are hardly going to be worst hit financially then

Again: unless you are facing the absolute worst situation imaginable, you are some sort of morally degenerate reprobate if you wish to take action to minimise effects on yourself and your family

Calm down elements

There's nothing like a bit of middle class hand wringing

There's nothing like a bit of middle class hand wringing

Winning argument there.

Aspersions upon others’ emotional state, plus a dose of reverse snobbery.

Renewed all our non UK passports to retain UK membership.

I remember a supper party where a chap asked my husband where he hid his money. My husband was aghast and told him he shouldn't be hiding it, it was safer in a bank or building society or stocks (imagining a pile of £20 notes under the bed). Chap roared and sprayed his wine across the room. "I hide mine mainly in Yen; David there uses a small business in India - you don't seriously keep all yours in UK do you?"
It opened a whole new world to us. We weren't in same financial league but it did make us think. We took advice and moved our assets from savings accounts into a trust fund for educational costs and bricks and mortar. We will seek further advice to protect our pension funds.

I thought that plenty of people left Britain for economic reasons during past recessions?

I suppose there's nothing wrong with a little economic migration. Keeping 2 passports is hedging your bets-lucky for some

I'm worried but...we have just bought a house. Long overdue as we're in our mid to late 30's (South East).

That's taken all our savings and I'm a contractor who works in the London insurance market.

That being said our mortgage is going to be less than our current rent and we will be trying to save, save, save. We won't need to do anything with the house in the foreseeable future as it's new build and it's bigger than we need now so we can sit tight in it without needing to move for a decade or more if negative equity means we need to. Plus we could rent out rooms to lodgers if work circumstances or interest rates mean we need additional income.

We have no savings or investments for the time being though so quite vulnerable but that being said I'm very good at my job and so hope that will be my saving grace and that while the number of roles available overall will go down, I will still be okay with getting those that exist.

Could be naive though, I wasn't around in the 70s and too young to remember much of the 80s

But is any of it hid in fish forks?

I haven't rtft but we are just about to move back to the UK after a year in an another EU country.
I hope we're no being really silly but the grass isn't always greener elsewhere 😣

I looked into Irish passport but discovered my Irish grandfather was actually born here.

Same with DH's Irish grandmother, who was born here, and also prior to 1922 when I assume Irish passports didn't exist, anyway.
I don't have any relatives from elsewhere, or not in the last 150 years or so.

But as with Y2K and the volcanic ash cloud we would cope.
With Y2K we did a lot of preparatory work - at least 3 years worth solid with the firm I worked for at the time.

EyebrowsEyebrows. No, our fish forks are not heirloom quality and post Brexit fish will be in short supply/very expensive so they won't be easy to sell.