Unintended consequences of brexit

There is No factual information , both sides are predicting outcomes it’s like Russian roulette or stick the tail on the donkey!

I would say MC s is a forecast based on part opinion, part forecast, part clever figure crunch, but not on Facts.

More a wing & a prayer, that what ever anyone is believing /stating on either side will be correct. We should have been voting on Facts , not opinions & assumptions.

So Bridgeit does Mark Carney’s official forecast count as opinion? Or this survey of businesses quoted by Brian Cox?

^Business survey results signal "absolute disaster" if government doesn’t get a grip on Brexit very soon
Jack Peat^

A UBS survey of 600 companies that spells out the reality of a Brexit “dividend” for British business could signal disaster if the government doesn’t get a grip on the process soon, Professor Brian Cox has said today.

The physicist posted results from a recent business survey that showed 35 per cent of companies plan to reduce UK investment post-Brexit.

A further 41 per cent plan to move a large amount of capacity out of the UK and 42 per cent plan to shift capacity to the euro zone.

And it’s bad news for Wales:

Figures from the Department for International Trade showed projects in Wales have fallen 33 per cent, with Scotland witnessing a 23 per cent fall, Northern Ireland an 18 per cent drop and London a 17 per cent decline.

www.thelondoneconomic.com/news/business-survey-results-signal-absolute-disaster-if-government-doesnt-get-a-grip-on-brexit-very-soon/26/06/

A view or opinion can never be correct ,only time will tell if this country will prosper after Brexit,& even then there will be winners & losers.I find it arrogant beyond belief that some posters are absolutely certain that A B & C will happen & all will be well. I beleive that it will be a mixed bag, Imo the vote should have been taken after we had substantial facts ,not on a wave of patriotic euphoria and wing & a prayer. There should be a a 2nd vote when more details are known, not a run & jump off a white cliff whilst flying the Union Jack.

A survey published alongside the (Bloomberg) report showed that U.K. financial firms see politics as the biggest threat to the nation’s stability. More than 90 percent of companies flagged domestic political risks as a concern, with the vast majority explicitly referring to the implications of Brexit, the BOE said.

90%. That sounds very worrying to me but Brexiteers choose to ignore it.

I don't feel any differently about it today.
MaizieD the EEC which we voted for (or against) in 1975 was totally different to what the EU is like today.

Is this the same Mark Carney who had to apologise for all his doomongering two years ago?

Yesterday the Governor of the BoE warned about havoc in financial markets next March. Perhaps you have more up to date info from the BoE allyg. Have you got a link?

Mark Carney warned that time is running out to remove the threat that Brexit poses to trillions of pounds of derivative contracts, stepping up pressure on the European Union to act.

Unless the EU follows the U.K. government in putting in place temporary workarounds, there could be havoc in financial markets when Britain leaves the bloc next March. Firms may find themselves unable to service insurance policies and as much as 96 trillion pounds ($127 trillion) of cleared and uncleared derivatives contracts, the Bank of England governor said at the publication of the twice-yearly Financial Stability Report.

www.bloomberg.com/news/articles/2018-06-27/boe-pushes-for-eu-to-defuse-brexit-threat-to-financial-contracts

it could have been a tactical move Allygran - England losing the football match I mean. Or, even if it wasn't, they will not be too worried.

Jalimal so right.

Jura2, just read my post, sorry I was half watching the England match on TV.

What it should read is:
Just because you don't understand my view does not make your view correct.

You will be thrilled to know that England did not win, but it does not make any difference, both teams went hrough. They could have drawn a straw really, but reasonable match.

but also because I felt that it was time that we acknowledged we were European and we should be part of it, not hovering on the fringes.
Why should we feel any less European than, say, a Swiss or a Norwegian post-Brexit?

We will not, I hope, be isolating ourselves from Europe totally but surely working together as friends, allies, still trading, and co-operating without being part of the EU, as both those countries do.

Mostlyharmless. Not at all fearful of that happening Mostly.
The Bank of England yesterday are confident that even in a no customs union, no single market and no transition period that the Banks will be more than capable of supporting the £1 therefore Business.

Take a look at the European newspapers, and also check out the EU sites. The are expecting a black hole of 7o odd billion euro's on our leaving. They are already planning to cut back on a number of areas because of it. Europe is in a bad way.

Really lemongrove. You don’t think the pound will suffer from Brexit or that jobs will go? No recession? Good trade agreements all round the world? No shortages of agricultural workers, medical staff?
Will there be “honey still for tea”?

Understand is the missing word.

Jura2, just because you don't my view or your view, does not justify the fact that what you think is correct.

Petra yes, I think so.

If British jobs do go to China, that has nothing to do with us leaving the EU.
If some firms think they have to relocate to the EU countries then so be it, but am thinking it won’t be many despite all the chest beating from some.
I certainly don’t think there will be civil unrest or the pound
Nose diving because we have left the EU.Currency goes up and down for all sorts of reasons, and financial markets hate uncertainty, but we will have left the EU in under a year, and soon there won’t be any uncertainty for the markets.

England v Brussels? And you’re not interested Jura?

Good to hear from you again.

Oh Jura what a ‘nodding’ post to Maizie et al from you
Such irony.
Perhaps it’s others who deserve medals for reading all the pessimistic doomongering tosh on here for the last two years.

allyg: I worry that they are going to end up in the middle of a financial crash, that everything they have worked for will be lost, and that there might be a degree of anarchy in the Country in which they live.

But you don’t think that U.K. is very likely to have a financial crash post Brexit? Or civil unrest here? Only in mainland Europe.
British jobs disappearing to mainland Europe or China? The pound nosediving? Trade agreements with US meaning we are forced to sell off the NHS to American companies? WTO rules meaning we can’t subsidise vulnerable employers? Food shortages? Doctors, nurses, scientists moving abroad?
I can’t follow your logic.

Can we expect the 'others' to return? Or have they already?

Nice to see you back Jura

Thank Dawg for football (bored to death me)