Brexit - real world implications
Discussion
I know another Brexit thread (like we need another one)
All the other threads seem to be discussing things at a very high level; what trade deals we can set up, who's going to end up in charge of this and that. I thought it might be interesting to hear some first hand experiences (good and bad) that have been as a direct result of our voting to leave the EU.
Here's mine to get things started
My brother is sadly going through a marriage break up at the moment. He and his estranged wife have sold the family home and are each moving to smaller properties. Their house was sold and they had each agreed to buy new houses. In my brothers case he has gone for a new build and spent quite a bit on upgrades etc.. All in all they've spent £8-10k on various things to get to this stage.
They get a call from the buyer today saying that due to the uncertainty in the housing market as a result of the referendum result they would be dropping their offer by £22k.
Chancers definitley, but there you go. They have a choice of losing the money spent and someone else buying the new homes, or taking a £22k hit, not easy when you are going through a divorce.
I would be interested to hear others hopefully more positive anecdotes. The only thing I would respectfully ask is that we keep it to first or second hand experiences. Not really interested that a bloke on the radio says hovercraft sales have gone through the roof.
All the other threads seem to be discussing things at a very high level; what trade deals we can set up, who's going to end up in charge of this and that. I thought it might be interesting to hear some first hand experiences (good and bad) that have been as a direct result of our voting to leave the EU.
Here's mine to get things started
My brother is sadly going through a marriage break up at the moment. He and his estranged wife have sold the family home and are each moving to smaller properties. Their house was sold and they had each agreed to buy new houses. In my brothers case he has gone for a new build and spent quite a bit on upgrades etc.. All in all they've spent £8-10k on various things to get to this stage.
They get a call from the buyer today saying that due to the uncertainty in the housing market as a result of the referendum result they would be dropping their offer by £22k.
Chancers definitley, but there you go. They have a choice of losing the money spent and someone else buying the new homes, or taking a £22k hit, not easy when you are going through a divorce.
I would be interested to hear others hopefully more positive anecdotes. The only thing I would respectfully ask is that we keep it to first or second hand experiences. Not really interested that a bloke on the radio says hovercraft sales have gone through the roof.
I posted this in the business section but I think it's valid:
2 clients have immediately cancelled upcoming projects & another one has been put on ice. I now have to find work for 1/3rd of my team asap. The clients are all FTSE100. We've also been warned by a couple that we can't expect any quick decision making around projects at tender stages. It's not completely bad news as a couple of deals have gone though since last Friday albeit smaller ones.
2 clients have immediately cancelled upcoming projects & another one has been put on ice. I now have to find work for 1/3rd of my team asap. The clients are all FTSE100. We've also been warned by a couple that we can't expect any quick decision making around projects at tender stages. It's not completely bad news as a couple of deals have gone though since last Friday albeit smaller ones.
robemcdonald said:
I know another Brexit thread (like we need another one)
All the other threads seem to be discussing things at a very high level; what trade deals we can set up, who's going to end up in charge of this and that. I thought it might be interesting to hear some first hand experiences (good and bad) that have been as a direct result of our voting to leave the EU.
Here's mine to get things started
My brother is sadly going through a marriage break up at the moment. He and his estranged wife have sold the family home and are each moving to smaller properties. Their house was sold and they had each agreed to buy new houses. In my brothers case he has gone for a new build and spent quite a bit on upgrades etc.. All in all they've spent £8-10k on various things to get to this stage.
They get a call from the buyer today saying that due to the uncertainty in the housing market as a result of the referendum result they would be dropping their offer by £22k.
Chancers definitley, but there you go. They have a choice of losing the money spent and someone else buying the new homes, or taking a £22k hit, not easy when you are going through a divorce.
I would be interested to hear others hopefully more positive anecdotes. The only thing I would respectfully ask is that we keep it to first or second hand experiences. Not really interested that a bloke on the radio says hovercraft sales have gone through the roof.
That's funny.All the other threads seem to be discussing things at a very high level; what trade deals we can set up, who's going to end up in charge of this and that. I thought it might be interesting to hear some first hand experiences (good and bad) that have been as a direct result of our voting to leave the EU.
Here's mine to get things started
My brother is sadly going through a marriage break up at the moment. He and his estranged wife have sold the family home and are each moving to smaller properties. Their house was sold and they had each agreed to buy new houses. In my brothers case he has gone for a new build and spent quite a bit on upgrades etc.. All in all they've spent £8-10k on various things to get to this stage.
They get a call from the buyer today saying that due to the uncertainty in the housing market as a result of the referendum result they would be dropping their offer by £22k.
Chancers definitley, but there you go. They have a choice of losing the money spent and someone else buying the new homes, or taking a £22k hit, not easy when you are going through a divorce.
I would be interested to hear others hopefully more positive anecdotes. The only thing I would respectfully ask is that we keep it to first or second hand experiences. Not really interested that a bloke on the radio says hovercraft sales have gone through the roof.
I heard exactly the same story on the BBC this morning.
I haven't read the other replies yet. Am I the first to call BS?
My friend still has his job 
Company was due to relocate to the Netherlands, but the initial announcement of the referendum put the plans on hold for a year. They were due to move in October as confidence in Remain grew, and the company even encouraged the staff to vote Remain (to hasten the job cuts
)
So the plans are on hold again. Eventually his job will go anyway as they're now making alternative plans for a move to Bangladesh. However for the meantime he is making a good income so is happy
Company was due to relocate to the Netherlands, but the initial announcement of the referendum put the plans on hold for a year. They were due to move in October as confidence in Remain grew, and the company even encouraged the staff to vote Remain (to hasten the job cuts
)So the plans are on hold again. Eventually his job will go anyway as they're now making alternative plans for a move to Bangladesh. However for the meantime he is making a good income so is happy
I work in small shop retailing on the high street.
Since the vote customers are coming in and buying better than any other point this year.
I think it is from knowing the outcome. The uncertainty had an adverse effect on our business.
These are generally older people with disposable income.
Since the vote customers are coming in and buying better than any other point this year.
I think it is from knowing the outcome. The uncertainty had an adverse effect on our business.
These are generally older people with disposable income.
don4l said:
That's funny.
I heard exactly the same story on the BBC this morning.
I haven't read the other replies yet. Am I the first to call BS?
Give it a rest.I heard exactly the same story on the BBC this morning.
I haven't read the other replies yet. Am I the first to call BS?
robemcdonald said:
I work in the residential construction market and my customers are telling me the same. However for this thread I was hoping for actual first hand accounts. To be honest I was hoping for some positives as it can't be all doom and gloom.
Same here (well in part, we are more diverse than that) - general consensus seems to be when not if we start redundancies, with a huge trickle down effect down the the supply chain. Was also speaking to a (very, very) large UK developer today and they are very worried about the state of things in 3 or 4 months time. We have 600 people in our office, the majority are 40% taxpayers as it is high skilled, technical work - you know, the sort of stuff this country needs. People are already looking to secure UK passports or looking at global transfers within the company.What's really depressing is that this is entirely self inflicted. It'll go down in history as one of the most monumentally stupid decisions in history, so at least we'll have that.
robemcdonald said:
I know another Brexit thread (like we need another one)
All the other threads seem to be discussing things at a very high level; what trade deals we can set up, who's going to end up in charge of this and that. I thought it might be interesting to hear some first hand experiences (good and bad) that have been as a direct result of our voting to leave the EU.
Here's mine to get things started
My brother is sadly going through a marriage break up at the moment. He and his estranged wife have sold the family home and are each moving to smaller properties. Their house was sold and they had each agreed to buy new houses. In my brothers case he has gone for a new build and spent quite a bit on upgrades etc.. All in all they've spent £8-10k on various things to get to this stage.
They get a call from the buyer today saying that due to the uncertainty in the housing market as a result of the referendum result they would be dropping their offer by £22k.
Chancers definitley, but there you go. They have a choice of losing the money spent and someone else buying the new homes, or taking a £22k hit, not easy when you are going through a divorce.
I would be interested to hear others hopefully more positive anecdotes. The only thing I would respectfully ask is that we keep it to first or second hand experiences. Not really interested that a bloke on the radio says hovercraft sales have gone through the roof.
Judging by the current sentiment I'd do a similar thing on the new place he is moving to when he hasn't bought yet. It is quite likely the market will adjust down, but to be honest it was a bubble and going to go at some point (London looked like it was perhaps already starting to go before Brexit due to Buy to Let rules/ foreign investment drying up.All the other threads seem to be discussing things at a very high level; what trade deals we can set up, who's going to end up in charge of this and that. I thought it might be interesting to hear some first hand experiences (good and bad) that have been as a direct result of our voting to leave the EU.
Here's mine to get things started
My brother is sadly going through a marriage break up at the moment. He and his estranged wife have sold the family home and are each moving to smaller properties. Their house was sold and they had each agreed to buy new houses. In my brothers case he has gone for a new build and spent quite a bit on upgrades etc.. All in all they've spent £8-10k on various things to get to this stage.
They get a call from the buyer today saying that due to the uncertainty in the housing market as a result of the referendum result they would be dropping their offer by £22k.
Chancers definitley, but there you go. They have a choice of losing the money spent and someone else buying the new homes, or taking a £22k hit, not easy when you are going through a divorce.
I would be interested to hear others hopefully more positive anecdotes. The only thing I would respectfully ask is that we keep it to first or second hand experiences. Not really interested that a bloke on the radio says hovercraft sales have gone through the roof.
I am a British person living in Norway. Not too much effect for me apart from losing a bit of money in investments. It will be a bit cheaper to transfer money back to the UK. It will bring into question my nationality in the future (born in Cardiff to Scottish parents and moved to Scotland when a week old and lived there since mostly until I came to Norway). So it looks like I would have the option of Scottish (if it becomes independent), UK or Norwegian citizenship by the time. I am not strongly one way or the other, but would give up wealth to have a country that is more equal financially and more accountable with democracy. I think the UK is more likely to give this in the long term, but with some shorter term (say 3-10 years) pain.
Frankly this could quickly descend into a thread where every unfortunate event is blamed on Brexit and we talk ourselves into a far worse situation. The current total chaos is not a very good indicator of what things will be like in a year's time, or even next week.
The company I work for has renewed its commitment to the UK, despite being foreign owned and hurt by the currency fluctuations. They're proud to employ hundreds of people, including many from Europe.
Fundamentally, most people in the UK will get up in the morning, go to work, get paid for posting on Pistonheads and then come home to the family. Some will have a s
t day, some will have an awesome day. Some will be a bit more engaged with politics, and some will choose to help their friends when a very small minority of idiots choose to take advantage of the current climate.
The biggest real world implication at the moment is it's a bit harder to get Euros out if you're going to Paris this weekend, as one of my colleagues has found out.
The company I work for has renewed its commitment to the UK, despite being foreign owned and hurt by the currency fluctuations. They're proud to employ hundreds of people, including many from Europe.
Fundamentally, most people in the UK will get up in the morning, go to work, get paid for posting on Pistonheads and then come home to the family. Some will have a s
t day, some will have an awesome day. Some will be a bit more engaged with politics, and some will choose to help their friends when a very small minority of idiots choose to take advantage of the current climate.The biggest real world implication at the moment is it's a bit harder to get Euros out if you're going to Paris this weekend, as one of my colleagues has found out.
No change to report here.
I heard today that Tata is considering keeping it's steel facilities in the UK following the devaluation in the pound. http://www.hindustantimes.com/business-newspaper/t...
I heard today that Tata is considering keeping it's steel facilities in the UK following the devaluation in the pound. http://www.hindustantimes.com/business-newspaper/t...
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