Will Brexit hurt you in ways you havent thought of
Posted: Mon Feb 11, 2019 5:00 pm
This come up recently because there are a few dangers of whats happeneing that people on both sided of the debate need to think of. This is my contibution, to things that could hurt your wallet .Anyone else thought of others
1) my English friend has a khmer gf for 5 years and they live in the EU. She has a son by a previous relationship with an eu citizen and the child has an eu passport and she has an EU residence card. At the moment she cna travle visa free to the Uk with her son for xmas etc. After brexit she will need a visa and so will her son. Neither have independent income and she is not married to the english boyfriend so chances are pretty minimla she will get one.
2) the value of the £ depends on how much people want to buy it. Its low know as people are pulling money out of the uk. This can be a good thing if your money is here but bad if you are relying on pension or other income from uk
3) US old gits can remember when we did the last duisatrous thing leaving the ERM. The government slapped currency restrictions on very quickly to stop people taking money out of the country ormeven buying stuff from abroad, so any money you have in the Uk could be locked up there.
4) a low £ increases infation, especially on imported goods which is mostly everything from computer to phones to fridges
5) if 3.5 million eu citizens go home and they all do family holiday once a year then that is 3 million flights lost, plues hteir relatives coming to visit uk say another 3million. ^ milion seats at 300 to a plane is 10,000 planes full, so airfares are probably going to jump
6) long haul flights from London. London is the biggest european hub and cheapest for long haul mostly. Except EU citizens will not be able to take a cheap easyjet fligh to london to fly to newyork anymore (see 5 above). the good thing is we might be able to build some new houses on the unused runways
7) Houses. If 3.5 million leave thats about 1 million empty rnetal properties. just look at the hoses for sale in uk now as landlord try to dump stock when tenant leave.
Can't think of any positive on the financial front sadly
1) my English friend has a khmer gf for 5 years and they live in the EU. She has a son by a previous relationship with an eu citizen and the child has an eu passport and she has an EU residence card. At the moment she cna travle visa free to the Uk with her son for xmas etc. After brexit she will need a visa and so will her son. Neither have independent income and she is not married to the english boyfriend so chances are pretty minimla she will get one.
2) the value of the £ depends on how much people want to buy it. Its low know as people are pulling money out of the uk. This can be a good thing if your money is here but bad if you are relying on pension or other income from uk
3) US old gits can remember when we did the last duisatrous thing leaving the ERM. The government slapped currency restrictions on very quickly to stop people taking money out of the country ormeven buying stuff from abroad, so any money you have in the Uk could be locked up there.
4) a low £ increases infation, especially on imported goods which is mostly everything from computer to phones to fridges
5) if 3.5 million eu citizens go home and they all do family holiday once a year then that is 3 million flights lost, plues hteir relatives coming to visit uk say another 3million. ^ milion seats at 300 to a plane is 10,000 planes full, so airfares are probably going to jump
6) long haul flights from London. London is the biggest european hub and cheapest for long haul mostly. Except EU citizens will not be able to take a cheap easyjet fligh to london to fly to newyork anymore (see 5 above). the good thing is we might be able to build some new houses on the unused runways
7) Houses. If 3.5 million leave thats about 1 million empty rnetal properties. just look at the hoses for sale in uk now as landlord try to dump stock when tenant leave.
Can't think of any positive on the financial front sadly