Nobby
Well-known member
- Sep 29, 2007
- 2,893
Most people who voted Leave did so in the firm expectation that the economy would take a hit in the short term. It was clear that they were prepared to put up with this, to get the end result they wanted. It was obvious to most that it would be bloody and quite painful, after an association lasting 40 years. The financial markets are generally built around confidence and a clear way forward. For the last three years there has been too much negativity and this had clearly had a detrimental effect on the economy and leaves us in the recessive state we are now in. Spending levels are low, confidence is low and businesses are suffering. I don't blame Remainers. They are fighting their cause with a passion and a conviction that it is better to stay in the EU.
Although it is a simplistic view, it does appear that the Leave/Remain voters generally fall into one of two categories. Either, those that are more tolerant of anticipated economic hardship or those that are not.
( If you consider yourself worse off as an individual spare a thought for many of the 4.5-5 million SME's, the lifeblood of this country, who are now having to contribute to compulsory workplace pensions, on top of NI contributions and corporation tax, as well as many other hidden costs that our bureaucratic brothers like to foist on us. Believe you me, life is considerably tougher as an employer at the moment, than as an individual )
Indeed - especially if you have no idea where your markets will be in the next few months