Brexit uncertainty and financial worries

[egor110]

alabbasi said:

bad company said:

Don’t we just love someone who thinks over 17 million who voted to leave are all idiots.

I suspect that many of those that voted leave now understand that they were lied to by self serving politicians, not able to deliver anything that they promised.

But for the type of guy that voted 3 years ago on the premise of a lie, yet is still thinking that everything is going to be okay today. Seriously? Even though ministers are resigning or throwing away their careers because they don't want their name on this decision.

I'm going to suggest that they're probably not deep thinkers. It's qualified as I know a bunch of these people, They don't really have their own thoughts on the subject. You can look at their social media timeline which it's full of meme's, probably created someone in Macedonia.

Edited by alabbasi on Sunday 8th September 17:09

You could apply that to the hard left supporters as well .

Labour a party that will negotiate a new deal then campaign at election as a remain party !

If we have a general election the interesting thing to see is will all those young people who we're far to busy to vote last time actually vote this time , or will they be to busy and the old's get another brexit party in ?

[alabbasi]

egor110 said:

You could apply that to the hard left supporters as well .

Labour a party that will negotiate a new deal then campaign at election as a remain party !

If we have a general election the interesting thing to see is will all those young people who we're far to busy to vote last time actually vote this time , or will they be to busy and the old's get another brexit party in ?

Back on topic: Whatever happens at this point, whether Hard or Soft Brexit, the country has pretty much screwed itself. The currency has dropped through the floor, nobody has been able to get a better trade agreement than before, supply chains will be disrupted and high paying manufacturing and service sector jobs are already shipping out. OP has a good reason to be concerned and if I was him, I'd start hoarding cash. Preferably in a more stable currency.

[anonymous-user]

Over the weekend one of my mates, who's keen on boating, suffered an catastrophic failure of one of his twin Volvo diesel engines. A discarded plastic bag had been sucked into the engine's cold water intake and led to its complete destruction.

Apparently he named his boat's engines last year, calling the one on the left "Corbyn" and the one on the right "Johnson".

It's his Corbyn engine which has failed, now showing no signs of life at all. Meanwhile his Johnson engine is still in good condition and can run at full power. Unfortunately the result of having only one engine on the right is the boat just goes round in circles.

[anonymous-user]

alabbasi said:

OP has a good reason to be concerned and if I was him, I'd start hoarding cash. Preferably in a more stable currency.

No need for that IMO. Anyone with a good international spread of investments (including UK companies with substantial overseas activities) will benefit from the weakened currency. Every Euro, Dollar etc earned overseas simply converts into more ££.

A significant threat IMO is UK tax rises. Someone's going to have to pay for increased government spending at a time when the economy is slowing down.

[alabbasi]

rockin said:

A significant threat IMO is UK tax rises. Someone's going to have to pay for increased government spending at a time when the economy is slowing down.

Not to mention cuts as many of the well paid jobs are leaving the country and will likely take their tax revenue with them. Those that voted leave who rely on the NHS or benefits might be in for an unpleasant surprise.

[bad company]

alabbasi said:

bad company said:

Don’t we just love someone who thinks over 17 million who voted to leave are all idiots.

I suspect that many of those that voted leave now understand that they were lied to by self serving politicians, not able to deliver anything that they promised.

But for the type of guy that voted 3 years ago on the premise of a lie, yet is still thinking that everything is going to be okay today. Seriously? Even though ministers are resigning or throwing away their careers because they don't want their name on this decision.

I'm going to suggest that they're probably not deep thinkers. It's qualified as I know a bunch of these people, They don't really have their own thoughts on the subject. You can look at their social media timeline which it's full of meme's, probably created someone in Macedonia.

Edited by alabbasi on Sunday 8th September 17:09

So all the Brexit voters were too stupid to understand what they were doing? Have you any idea how offensive that view is and how much it hardens support for leaving.

[egor110]

alabbasi said:

egor110 said:

You could apply that to the hard left supporters as well .

Labour a party that will negotiate a new deal then campaign at election as a remain party !

If we have a general election the interesting thing to see is will all those young people who we're far to busy to vote last time actually vote this time , or will they be to busy and the old's get another brexit party in ?

Back on topic: Whatever happens at this point, whether Hard or Soft Brexit, the country has pretty much screwed itself. The currency has dropped through the floor, nobody has been able to get a better trade agreement than before, supply chains will be disrupted and high paying manufacturing and service sector jobs are already shipping out. OP has a good reason to be concerned and if I was him, I'd start hoarding cash. Preferably in a more stable currency.

For business it's a nightmare because nobody knows what's happening so how can you plan ?

With a hard brexit , whilst not ideal you had a date a line in the sand now we'll just have remain and leave parties just fking it up for the opposition for who knows how much longer .

[alfie2244]

alabbasi said:

Not to mention cuts as many of the well paid jobs are leaving the country and will likely take their tax revenue with them. Those that voted leave who rely on the NHS or benefits might be in for an unpleasant surprise.

You in the UK?

[alabbasi]

bad company said:

So all the Brexit voters were too stupid to understand what they were doing? Have you any idea how offensive that view is and how much it hardens support for leaving.

I'm sure that some acted in their self interest, like the current prime minister. I'm not trying to hurt your feelings mate and I'm not sure why you would be offended by what I'm saying. I'm not the one who lied in order to get your vote and you've been watching this st show unfold for the last the last three years to see that whatever I'm observing is the same the same as what you're seeing.

Are you telling me that you still think that it's working out as they'd promised?

Edited by alabbasi on Sunday 8th September 18:38

[lewisf182]

alabbasi said:

bad company said:

So all the Brexit voters were too stupid to understand what they were doing? Have you any idea how offensive that view is and how much it hardens support for leaving.

I'm sure that some acted in their self interest, like the current prime minister. I'm not trying to hurt your feelings mate and I'm not sure why you would be offended by what I'm saying. I'm not the one who lied in order to get your vote and you've been watching this st show unfold for the last the last three years to see that whatever I'm observing is the same the same as what you're seeing.

Are you telling me that you still think that it's working out as they'd promised?

Edited by alabbasi on Sunday 8th September 18:38

The other side lied as well, lets not forget. The whole referendum was rife with misinformation and disinformation, to act as if only your view is right and everybody else don’t know what they’re talking about is pissing me off (general theme across the whole thing tbh, creating more hardline leavers by describing them as idiots who don’t know the world bla blah..) tbh as more and more of you remainers seem to be getting on a high horse. You nor I have no idea how this will play out. The world itself is on an economic slowdown at the moment, it’s not purely brexit related; indeed it’s hard to tell how much of it actually is tbh.

But please, continue to preach about how your view is the only right one....

Edited by lewisf182 on Sunday 8th September 19:52

[Downward]

Working for the NHS non clinical I’m expecting to be either looking after patients or on a drug run to Europe for emergency medicines !!

[Downward]

Condi said:

The government's handling of it is shocking, some sectors are likely to come under pressure and some people will, unfortunately, be worse off because of it. For a large percentage of the population though, life will carry on as normal.

Half the problem is idiots like this who are given air-time by the media to talk about something they know nothing about.

https://www.bbc.co.uk/news/business-49355891

BBC said:

Ian Rutter is a healthcare worker at a hospital in Harrogate, and he is very worried about the economic effects of Brexit.

So much so, he has taken on more weekend agency work to set money aside, and has cut his spending.

With the prospect of a no-deal Brexit and increased trade tensions with the US, along with recession warning signs in other economies, he believes the UK economy is "almost heading for the perfect storm".

...

He normally gets a new car, via financing, every two years, but has held off due to concerns about repayments.

"I sound like Frazer from Dad's Army - 'We're doomed!' - but I really am genuinely worried about the future," he says.

He is not going on holiday this year, has not upgraded his phone, and has put buying a new television on hold. The one luxury he still grants himself is a season ticket for Leeds Rhinos rugby league club.

Mr Rutter is also concerned about the effects of Brexit on his work in terms of finding staff.

"My support workers are Polish, Italian, Lithuanian. The house-keeping staff are from Spain and Portugal," he says. "I work in Harrogate, which is an affluent area, and we struggle to recruit people for low-income posts."

As much as 'project fear' is a load of bullst (both the argument for, and against it), since when did 'Ian Rutter, 54, healthcare worker from Harrogate' become the go to man for advice on Brexit? We are in as much danger from talking ourselves into a problem, as getting into one by the government's actions.

So what did he do 20 years ago then when people weren’t spending on phones, getting brand new cars on finance and weren’t employing staff from Eastern Europe ?

[sunbeam alpine]

Downward said:

So what did he do 20 years ago then when people weren’t spending on phones, getting brand new cars on finance and weren’t employing staff from Eastern Europe ?

Bought a season ticket to Leeds Rhinos...

...masochism knows no bounds...

[Sheepshanks]

Condi said:

The government's handling of it is shocking, some sectors are likely to come under pressure and some people will, unfortunately, be worse off because of it. For a large percentage of the population though, life will carry on as normal.

Half the problem is idiots like this who are given air-time by the media to talk about something they know nothing about.

https://www.bbc.co.uk/news/business-49355891

BBC said:

Ian Rutter is a healthcare worker at a hospital in Harrogate, and he is very worried about the economic effects of Brexit.

So much so, he has taken on more weekend agency work to set money aside, and has cut his spending.

With the prospect of a no-deal Brexit and increased trade tensions with the US, along with recession warning signs in other economies, he believes the UK economy is "almost heading for the perfect storm".

...

He normally gets a new car, via financing, every two years, but has held off due to concerns about repayments.

"I sound like Frazer from Dad's Army - 'We're doomed!' - but I really am genuinely worried about the future," he says.

He is not going on holiday this year, has not upgraded his phone, and has put buying a new television on hold. The one luxury he still grants himself is a season ticket for Leeds Rhinos rugby league club.

Mr Rutter is also concerned about the effects of Brexit on his work in terms of finding staff.

"My support workers are Polish, Italian, Lithuanian. The house-keeping staff are from Spain and Portugal," he says. "I work in Harrogate, which is an affluent area, and we struggle to recruit people for low-income posts."

As much as 'project fear' is a load of bullst (both the argument for, and against it), since when did 'Ian Rutter, 54, healthcare worker from Harrogate' become the go to man for advice on Brexit? We are in as much danger from talking ourselves into a problem, as getting into one by the government's actions.

He could be stuffed though. He works for a private company providing services to the NHS. If they can't provide that service because they can't get, or can't afford, staff, then they'd have to give the contract up. They could lose the contract anyway if there were cutbacks could by the economy (and NHS spending) contracting.

[alabbasi]

lewisf182 said:

The other side lied as well, lets not forget..

Can you give me an example and the downstream impact?

lewisf182 said:

to act as if only your view is right and everybody else don’t know what they’re talking about is pissing me off (general theme across the whole thing tbh, creating more hardline leavers by describing them as idiots who don’t know the world bla blah..)

Then don't listen to me. But if you're not listening to business owners, bank chiefs and internal government reports, leaked or released then i'm not sure that anything I say will make you less hard line (or belligerent).

lewisf182 said:

The world itself is on an economic slowdown at the moment, it’s not purely brexit related; indeed it’s hard to tell how much of it actually is tbh.

You can draw a straight line from when the sterling currency tanked and when large manufacturers and banks made a decision to pull out of the UK to the referendum decision. Again, I don't mean to hurt your feelings, but to suggest that it's merely a coincidence is quite ridiculous and shows a very simplistic view of the word.

Going back on topic, the OP expressed concerns and his concerns are valid. A lot hurt is coming and everybody should prepare for it.

[lewisf182]

Sheepshanks said:

Condi said:

The government's handling of it is shocking, some sectors are likely to come under pressure and some people will, unfortunately, be worse off because of it. For a large percentage of the population though, life will carry on as normal.

Half the problem is idiots like this who are given air-time by the media to talk about something they know nothing about.

https://www.bbc.co.uk/news/business-49355891

BBC said:

Ian Rutter is a healthcare worker at a hospital in Harrogate, and he is very worried about the economic effects of Brexit.

So much so, he has taken on more weekend agency work to set money aside, and has cut his spending.

With the prospect of a no-deal Brexit and increased trade tensions with the US, along with recession warning signs in other economies, he believes the UK economy is "almost heading for the perfect storm".

...

He normally gets a new car, via financing, every two years, but has held off due to concerns about repayments.

"I sound like Frazer from Dad's Army - 'We're doomed!' - but I really am genuinely worried about the future," he says.

He is not going on holiday this year, has not upgraded his phone, and has put buying a new television on hold. The one luxury he still grants himself is a season ticket for Leeds Rhinos rugby league club.

Mr Rutter is also concerned about the effects of Brexit on his work in terms of finding staff.

"My support workers are Polish, Italian, Lithuanian. The house-keeping staff are from Spain and Portugal," he says. "I work in Harrogate, which is an affluent area, and we struggle to recruit people for low-income posts."

As much as 'project fear' is a load of bullst (both the argument for, and against it), since when did 'Ian Rutter, 54, healthcare worker from Harrogate' become the go to man for advice on Brexit? We are in as much danger from talking ourselves into a problem, as getting into one by the government's actions.

He could be stuffed though. He works for a private company providing services to the NHS. If they can't provide that service because they can't get, or can't afford, staff, then they'd have to give the contract up. They could lose the contract anyway if there were cutbacks could by the economy (and NHS spending) contracting.

Notice how many times you said ‘could’ there.
The economy could head towards a huge boom, tax receipts could experience huge growth, more could be spent on the NHS...
The fact is, you don’t know what the impact is going to be. Without all this doom and gloom we could have made such a better go of this opportunity, instead we’ve wasted 3 years because those that lost a democratic vote want another go at the vote, wonder if the shoe was on the other foot how they’d feel?

[lewisf182]

alabbasi said:

lewisf182 said:

The other side lied as well, lets not forget..

Can you give me an example and the downstream impact?

lewisf182 said:

to act as if only your view is right and everybody else don’t know what they’re talking about is pissing me off (general theme across the whole thing tbh, creating more hardline leavers by describing them as idiots who don’t know the world bla blah..)

Then don't listen to me. But if you're not listening to business owners, bank chiefs and internal government reports, leaked or released then i'm not sure that anything I say will make you less hard line (or belligerent).

lewisf182 said:

The world itself is on an economic slowdown at the moment, it’s not purely brexit related; indeed it’s hard to tell how much of it actually is tbh.

You can draw a straight line from when the sterling currency tanked and when large manufacturers and banks made a decision to pull out of the UK to the referendum decision. Again, I don't mean to hurt your feelings, but to suggest that it's merely a coincidence is quite ridiculous and shows a very simplistic view of the word.

Going back on topic, the OP expressed concerns and his concerns are valid. A lot hurt is coming and everybody should prepare for it.

Likewise you can draw a straight line for house price increases and share index values increasing....
yes currency has been impacted, that isn’t the be all and end all.
Well, one lie is that we’d be absolutely decimated economically post the brexit vote. Yet here we are 3 years later better off than then :/

[sunbeam alpine]

lewisf182 said:

Yet here we are 3 years later better off than then :/

You're not out yet...

[C_Steve]

alabbasi said:

You can draw a straight line from when the sterling currency tanked and when large manufacturers and banks made a decision to pull out of the UK to the referendum decision. Again, I don't mean to hurt your feelings, but to suggest that it's merely a coincidence is quite ridiculous and shows a very simplistic view of the word.

Going back on topic, the OP expressed concerns and his concerns are valid. A lot hurt is coming and everybody should prepare for it.

Which large manufacturers and banks have made decisions to pull out of the uk?

[alabbasi]

C_Steve said:

Which large manufacturers and banks have made decisions to pull out of the uk?

Honda and Nissan both issued Brexit warnings and as the UK acts as the clearing house for the rest of Europe, quite a few.

See this article from Reuters regarding banking

ASSOCIATION OF FOREIGN BANKS IN GERMANY....

rockin said:

May I suggest .... keep it short.

You're right, nothing here that's not readily available and nothing cited here will make a difference

Edited by alabbasi on Sunday 8th September 21:10