The level of private debt in the UK is a problem that gets little or no coverage. Ordinary British people are extremely vulnerable to an economic crisis. Real wages have fallen by 10% or more over the last decade and a huge section of the population is surviving on a credit cards and loans. Things are bad now. If they get worse anything is possible.
It’s going to be carnage. I think all public sector wages will end up cut 10%
Massive layoffs.
Economy will take a 20% hit I think.
It’ll slowly recover as sterling devalues radically, but it’ll be ten or fifteen years just to get back to now.
Fucking idiots.
I couldn’t put figures on it, but there is no compelling financial case for Brexit. I am not aware of any significant trade deals going to waste because the UK is part of the EU. If the country wants to adopt a low corporation tax model like Ireland, then that option is available within the EU framework.
Nobody on the leave side has put forward any sort of convincing argument for a financial exit, because there isn’t one. The 350 mil a week has been shown for what it is.
All you are left with is ideology. This is entirely driven by a half baked, anti-intellectual, closed ideology . As a national strategy, I’d put it somewhere between Dev’s self-sufficiency drive and Pol Pot’s year zero.
I would tend to agree with the anti intellectualism point. The US and the U.K. are in the grip of a wave of anti intellectual hysteria. Good riddance to the Anglo Saxon cunts. Us Europeans have held firm on this, thank goodness and now we have a philosopher in the Elysee palace.