Economy has hardly been hit as despite the vote, as technically we haven't moved out at all yet, and absolutely nothing has changed. All the apocalyptic projections pre the vote were based on Cameron sending article 50 as soon as the votes were in (which he didn't).peet wrote:QUOTE (peet @ Aug 26 2016, 08:28 AM) After seeing some financial analyst (from The City) on RTLZ news it seems to be fairly normal in the UK. The economy there did not collapse. A flower sales lady complained about the higher costs of imported flowers from Holland. It's a bit early to tell what might happen if the UK really leaves the EU
I wonder if they will cook a cunning plan to "leave without leaving". Basically pour the wine in a different bag if you know what I mean.
However, the value of the pound has dropped significantly, which is (basically) international investors saying all UK based business is worth less than a few months ago.
If we do actually leave through a50:
Expect
a) A big shock to the economy when Article 50 is sent
b) an enormously fluctuating 2 yrs or more whilst we get cleaned out in negotiations. (stock shares/business will jump up and down dependent on the news cycle and leaks)
c) Regardless of the results of negotiation a lot of lost investment, as it would be crazy for Companies to invest long term while the stock markets are so changeable
After that I expect we'll end up in a strange situation where we pay the same or more, but are outside the EU like Norway to retain access to the single market in some way so get no say at all.


