05-07-16, 06:20 PM
Irrespective of whether the figures in that image are correct or not…..
All the BREXIT supporters seem to agree that the UK must have access to the EU single market. They know as we know that that means free movement and it’s non-negotiable. Further you have to pay to access the EU single market. We don’t know what that price is, but what we do now know is that we need access and that we will not get a discounted rate as we currently do under full membership.
Meanwhile the pound is today at a 31year low against the dollar, it has also weakened against the Euro.
That means price rises in the shops for everyday essentials, which in turns means inflation. So while Mark carney says he’s considering cutting interest rates, well if he does it’s unlikely to be for long as he will need to raise them in the long term to combat inflation.
This all means less money in your pocket, not to mention mortgage costs will rise steeply, so even less money in your pocket, means less spending power, means further downward pressure on our economy.
It’s hard to see a way out of this. But at the end of the day any negotiated settlement on leaving the EU will have to be voted on by parliament. And how can our elected members vote for continued access to the single market at a similar cost to full membership with no change on free movement, not to mentioned a down rated credit rating (increased borrowing costs), a weak pound and a nervous economy.
I suggest at some point there will have to be a second referendum. Once we know what the full cost of ‘leaving’ is then people can make an informed decision.
Meanwhile Boris and Nigel are off.
All the BREXIT supporters seem to agree that the UK must have access to the EU single market. They know as we know that that means free movement and it’s non-negotiable. Further you have to pay to access the EU single market. We don’t know what that price is, but what we do now know is that we need access and that we will not get a discounted rate as we currently do under full membership.
Meanwhile the pound is today at a 31year low against the dollar, it has also weakened against the Euro.
That means price rises in the shops for everyday essentials, which in turns means inflation. So while Mark carney says he’s considering cutting interest rates, well if he does it’s unlikely to be for long as he will need to raise them in the long term to combat inflation.
This all means less money in your pocket, not to mention mortgage costs will rise steeply, so even less money in your pocket, means less spending power, means further downward pressure on our economy.
It’s hard to see a way out of this. But at the end of the day any negotiated settlement on leaving the EU will have to be voted on by parliament. And how can our elected members vote for continued access to the single market at a similar cost to full membership with no change on free movement, not to mentioned a down rated credit rating (increased borrowing costs), a weak pound and a nervous economy.
I suggest at some point there will have to be a second referendum. Once we know what the full cost of ‘leaving’ is then people can make an informed decision.
Meanwhile Boris and Nigel are off.