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teaboyjim
How bad could the economic fall out be from Covid19 combined with a "No deal" Brexit?
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One thing is certain...
Brexiteers will blame anyone else but themselves or anything else they can think of for any fallout from a 'No deal'!
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It can be bad.
Stock up on food and supplies, things could get very tricky.
Jobs will probably be hit - my brother (delivery driver) was telling me this week that he's spoken to loads of people who have been told that they will be made redundant once furlough ends - even if covid cure works, some companies are just on borrowed time now. And that is without Brexit.
Another local business woman has had to close up shop already due to Brexit as her supplier just told her that they will not be supplying to the UK next year. The supplier cannot be bothered to work out how to, they have a big enough market already and it's not in their interests to ship to the UK, at least, not while the situation is unknown. Another person I know installs German IT tech into schools, they supply, but weekend pound killed his profit margins and the business is no longer viable.
And this is before the covid fallout.
For the last 9 months the Government found the magic money tree that they said they didn't have, but soon that tree will be stripped of all its life.
Stock up on food and supplies, things could get very tricky.
Jobs will probably be hit - my brother (delivery driver) was telling me this week that he's spoken to loads of people who have been told that they will be made redundant once furlough ends - even if covid cure works, some companies are just on borrowed time now. And that is without Brexit.
Another local business woman has had to close up shop already due to Brexit as her supplier just told her that they will not be supplying to the UK next year. The supplier cannot be bothered to work out how to, they have a big enough market already and it's not in their interests to ship to the UK, at least, not while the situation is unknown. Another person I know installs German IT tech into schools, they supply, but weekend pound killed his profit margins and the business is no longer viable.
And this is before the covid fallout.
For the last 9 months the Government found the magic money tree that they said they didn't have, but soon that tree will be stripped of all its life.
a bit of a perfect storm.
its not going to be great.
smart freight doesnt even go live until 23rs Dec.....so haulage cos cant learn or train to use ut -assuming it works
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teaboyjim
As long as I can go on holiday to sunny Spain next year
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teaboyjim
I'm hoping the "no deal" talk is just posturing
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I am not sure if Johnson has political bandwidth to agree on the compromises needed for a deal.
He did after all promise the ERG last year "if you vote for the deal now you can have your no deal in a years time"
No deal is not really and end game even though it's presented as such
The reality is no deal means more negotiations with the EU next year.
I doubt Brexit will affect your holidays, although I wouldn't book the Eurotunnel.
It's verging on reckless to impose the upheaval and turmoil of Brexit with the massive challenges caused by goverments' responses to Corona. Apart from legions of people having the satisfaction of being able to say we're shot of The EU, any other benefits seem hard to discern and the risks to business operation, investment and confidence don't bear thinking about. Anyway, we'll see - but it definitely won't be boring.
Jeez, am I really turning into Notch?
Jeez, am I really turning into Notch?
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teaboyjim
Is the "low mood music" they talk about posturing?
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teaboyjim
The government doesn't seem concerned
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Could be a ploy. If they keep parroting all along that it will be no deal, then at the last minute they pull a deal out of the hat, people will be relieved and happy with that deal no matter how rubbish it is.
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teaboyjim
If they wait until after we've left we'll probably get a better deal
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teaboyjim
This sort of thing goes on more often than people think
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