Just how bad is it going to be? No scaremongering.

[BoyMeetsWorld]

I'm very very worried as, I'm sure, are a lot of people.

Please can we have a thread with no scaremongering or speculation where we objectively look at just how bad it is likely to be if No Deal happens which Ms May seems set upon. For those of us left here with no escape route to live anywhere else...those of us who aren't currently in poverty but by no means rich, just middle earners with kids.

What is the most realistic situation we can expect to manage the horror stories and prepare properly? I'd like to try and cover all aspects of daily life which are likely to be impacted in a substantial way.

Although he has made his own fortune which surely requires skill.
He has done nothing of the sort.
He inherited wealth.
He married an heiress.
He runs a trading company which skims rent off the wealth of others.

Although he has made his own fortune which surely requires skill.

It's always easier to make money when you start off with a shed load. See also Donald Trump for how this works.

And money marries money too - Mrs Rees-Mogg is set to inherit £45 million.

So Reece Mogg doesn’t have a scooby about how the majority of us live because he’s rich but when it suits, you will reference other rich people’s beliefs because they match your own #3richremainersinapub.
You can tear RM down all you want. You’ve so far insulted his dress sense, his appearance (woody), discussed where he went to School and who his parents are in an attempt to proove he’s is not intelligent at this moment!? Non of this has anything to do with the original statement that he knows more about Politics than you.

Non of this has anything to do with the original statement that he knows more about Politics than you
But he has no clue at all about the lives of the 99.9% of the population poorer than him.
And he does not care
Proven by the fact that he is happy for the "benefits of Brexit" to take 50 years to show
And the fact that he wants Brexit to be a vehicle for dismantling environmental and employment protection legislation.

The most important thing about what Rees-Moggs is saying is his late admission that it may take fifty years to see the benefits of Brexit. This is from one of the main advocates of Brexit. If you think he's so clued in, wouldn't that make you pause and reconsider the impact?

Personally I think he is set out to make large profits from disaster capitalism and anyone who isn't one of his client should run a mile rather than listen to him, but what do I know? I didn't go to Eton.

I earn 30k a year and I’m happy for the positives to take 50 years too. So that’s a dud argument.
I’m off to talk about the weather or what’s for tea in real life now....because life goes on.

@Vinylsasmo
What are the positives you are expecting in your day to day life?

I earn 30k a year and I’m happy for the positives to take 50 years too

That is a totally ridiculous comment.

The world will be a totally different place in 50 years.

Brexit will be the subject of history lessons where kids wonder what the fuck we were thinking.

Brexit was supposed to have 'no downsides, only upsides' yet now you're happy if you never even get to see the benefits.

I wasn't calling Mogg's intelligence into question, I have no idea or care. The point I was making was that we can just use WTO rules which as a one liner sounds great. The implications are however 10 years of very difficult negotiations and very likely getting nowhere near as good a deal with anywhere as we currently have through EU membership.
He was 'lying by omission'.
Bit like being offered a box of chocolate which when you open it has a tiny crumb in one corner.

The WTO is 480 unelected Bureaucrats in Geneva
and 161 countries, any of whom can veto the UKs wishes

I genuinely struggle to understand why Brexiters talk about it as the answer to everything.

No other country in the world trades on purely WTO after all

I think he actually said that we won't know the full economic consequences for a very long time and then mentioned the fifty years in the next sentence. And if you believe in Brexit, that's a perfectly reasonable thing to say because you would't want to leave for a one off benefit in six months, would you?

And if you believe in Brexit, that's a perfectly reasonable thing to say because you would't want to leave for a one off benefit in six months, would you?

I've always said Leavers have been lured into a cult and it's statements like this that confirm it.

Can you actually name one tangible benefit, not a sound bite, that we might see in the next 5 years megan?

Leclerc

I do always have a very recent bank statement

Sorry to be thick but I'm still not clear what you mean

Are you saying to have it on paper in case of banks collapsing? I always do that anyway because I take the view that any bank could collapse any time.

I am now off to google "banking passport" as that's new to me.....

@meganbacon
What positives from Brexit are you expecting in your day to day life.

Womaningreen
Brexit is the exact opposite of the Millennium bug.

In the run up to 2000 the geeks identified a potentially catastrophic problem and threw huge resources at adjusting systems and procedures to make sure that it was a damp squib.

In the run up to Brexit, the politicians are stopping the technocrats from clarifying where the gaps are and denying that anything needs to be done about it.

Things like banking and electronic transfers of funds ALL rely on treaties and agreements.
A "no deal" Brexit means walking away from ALL of it
and there will be a limbo period until things are back online

Hence why Heathrow are budgeting for a two month closure
and Jaguar Landrover have already announced a one month closure
for the aftermath of Brexit

Ta1kinpeace

@Buteo
I know, but I live in hope

ta1kin I've lost count of the number of times you've asked that question on various threads.

Answer came there none ...

I know, but I'll keep asking because I genuinely want to know ;-)

Well I’m worried enough that I’ve agreed to an offer of an increase in hours at work even though I don’t really need the extra pay now. Am worried about rising food prices, etc.

Womaningreen
There could well be all sorts of serious dealings between banks going on on Brexit day. We simply don't know.To have a paper copy allows you to check a few days after and if anything untoward has happened, decimal point in wrong place so your £5,000 becomes £500 perhaps, you can go into the branch (if you have one) and bang on the counter and sort it out. Basically try to head off any possible problems at the pass.

A vote to remain was a vote for the medium term status quo and a vote for the known and easy to feel confident that we would stay as we are and with no uncertainty. A vote to leave was a vote to venture into the unknown but with faith that it would be better for the country's future, but obviously this comes with uncertainty and understandably a fear of the unknown. No one knows for certain if this was a good decision or a bad one, only time will tell, but enough people had faith at the time of the referendum that it was a good decision.

People's reasons for voting to leave varied. Much of the media coverage over the past 40 years was very negative against the EU and that must have rubbed off on people's views. Many remember voting in the referendum in the 1970s to join the EEC and then it was mostly to do with free trade and customs. Many became nervous however over the past 30 years that the EU wanted to move closer to political, legal, financial integration as well as economic. Most were happy with the single market when there were a small number of economically homogeneous countries in the EU but when more countries joined the EU from less well off countries and many moved from the less wealthy nations to the wealthier nations, many became nervous about large amounts of migration and the affects on jobs, wages, infrastructure. Farmers and fishermen felt they had bad deals when it came to quotas. Many saw EU politicians as corrupt and lining their own pockets. Many saw the EU as wasteful and inefficient and full of bureaucracy and red tape and slow in decision making. Many were worried about the EU moving towards political union and the UK becoming a Federal State of Europe. Many did not like the fact that the UK was the third highest payer into the EU and paid more than we got out in terms of subsidies. Many did not like that laws in the UK were being overruled by EU legislation and that human rights of criminals for instance were given great importance.

Am sure there were many more reasons people voted to leave. Whether you agree with these reasons or not, you need to respect the fact that 52% of those who voted thought that these reasons were legitimate to them and that they felt them that important enough to risk the status quo and to take our future on a different path. Leavers are nervous too, more so because we seem to have a weak government who have not dealt with the negotiations well and seemed to have turned Brexit into a bit of a farce. Please respect each other though and respect each others right to different views.

Leclerc

Ah, that's the kind of thing I factor in a normal risk.

Talkinpeace, are you saying normal uk transactions, eg work paying me, could be affected by this?

We so need the Ordinary Jane Guide! I take the points about long term economy but other than that, and worrying about my meds, I'm finding it hard to know if I should prep in any other way. I don't really have any space though.

Looked up banking passport, can't see effect on ordinary folk?

Ignorance of the law is no excuse.
Unfortunately the relative lawlessness of 150 or more years ago where the UK could stomp around and demand things have long gone.
We are humiliating ourselves on the world stage and a few of our leaders are causing this.

Many saw the EU as wasteful and inefficient and full of bureaucracy and red tape and slow in decision making.

Well, those people are really going to enjoy running their small businesses after Brexit. According to the government:

Before importing goods from the EU, a business will need to:
register for an UK Economic Operator Registration and Identification (EORI) number. Businesses do not need to do anything now. There will be further information available later in the year. For those businesses that sign up for the EU Email updates, they will be contacted when this service becomes available
ensure their contracts and International Terms and Conditions of Service (INCOTERMS) reflect that they are now an importer
consider how they will submit import declarations, including whether to engage a customs broker, freight forwarder or logistics provider (businesses that want to do this themselves will need to acquire the appropriate software and secure the necessary authorisations from HMRC). Engaging a customs broker or acquiring the appropriate software and authorisations form HMRC will come at a cost
decide the correct classification and value of their goods and enter this on the customs declaration.