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Old 28-10-2016, 13:35   #2271
pip08456
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Re: Post-Brexit Thread

Quote:
Originally Posted by Damien View Post
We'll see what happens to the economy but up until September anyway we were in a holding pattern. At the moment we're still in the EU, we can still trade easily across Europe. Pretending Brexit has already happened and it's now fine is delusional. We'll see the real impact once we know what is actually going to happen to various industries.

As for what people think now then let's wait and see what people think when the drop in sterling filters though to prices. Inflation is already rising. Sterling is down 20% now. That's a massive hit to anyone who imports as part of their business and for consumer goods.
There are many things which affect currency values not least uncertainty. We are by no means out of the woods yet but the head of the WTO stating we still are members and will remain so will help.

Being a realist I see turmoil ahead until the time we actually leave so I'm looking at 2 yrs. After that I firmly believe this country will prosper far more than if it stayed in the EU with or without free movement.
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