WHAT FUTURE AFTER BREXIT – A BRITISH PERSPECTIVE

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The following letter has been received from one of our readers David E and his wife which we publish at his request and without comment although we invite comment from our family of readers.

Some people have said to us it will not make any difference. 

Some people have said to us there will be issues at first but it will settle down and it will sort itself out. 

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Some people have said to us nothing else matters we have our country back.

What we can be sure of is that we all now face a challenging and uncertain future and the damage done so far, does not suggest otherwise.

As positive vote in supporters we have many concerns.

Firstly we accept that a democratic vote has taken place and we are bound by the result all be it that the result is far from satisfactory being very narrow in terms of lead, showing a very worrying north south divide and perhaps more alarmingly the age vote suggests that the cream of our young people who voted in are now very disenchanted, an issue that is being mirrored with young people in Europe.

Not helpful for the UK considering this whole leap of faith is about the future. In the week since the vote result we have the Conservative and Labour parties in disarray, the financial markets unsure of the future, made worse by Standard and Poors removing the UK from its Triple A status which has been held for a remarkable 38 years.

A position that used to ensure our being the centre of the financial world and respected as such and businesses holding back on recruitment, investment and moving forward along with the murmurs of a possible recession.

Not helpful for the UK markets or indeed world markets now or in the future.

On top of this has anyone costed the financial implications of unwinding the UK from the arrangements, agreements, changing of tariffs and so on? It does not take an expert to work out it will be massive.

You can only conclude that as a nation we will be happy to spend money on lawyers, experts and mountains of paper work.  A totally unknown cost that could make some of the EU financial contributions we make look like pocket money instead of using this money sensibly to support the NHS, social needs and infrastructure.

Not helpful to the UK in supporting its seriously important needs now and in the future. Added to this there has not been a great deal of comment about the human relationships between the EU countries built up over decades. Not a subject that can be costed directly but fundamental for our future survival. 

Relationships form the building blocks which are the foundations for keeping the peace, the stability, the regeneration, the growth and prosperity which can ensure each country can flourish. Human relations do not cost anything but they are so important for the well-being for all communities and help to create a vision for the future.

We could go on but will not as we have made our point. We are sure that given time, and it will be a few or so years, the UK will have recovered but it will not be the same UK you left behind and we are not sure we will all like the one we will be going forward with.

As we spend some of our year in Spain we wondered how our lovely hard working Spanish neighbours would be feeling about us Brits the other side of the garden wall so please read the letter we sent to them which explains how we feel.

Dear neighbours,

EU referendum

As you know the United Kingdom voted to come out of the EU on Thursday 23rd June. We wish to inform you that we did vote and our choice was to stay in.

As a result the two of us are both very very sad and ashamed to be British being concerned that many serious issues now confront Europe and the UK.

We have travelled a great deal in Europe and when working became involved in trade arrangements in Germany, Italy and fact finding missions in Spain.

I learnt a great deal from this part of my working life and built up relationships with many people and companies. It is very sad to think that over more than four decades of joint development and achievement this could be put at risk.

We are very fond of Spain and its people and can assure you that we will continue to support our local town and the country as a whole.

With every best wish to you and your family.

16 COMMENTS

  1. All the remaining voter keep conveniently forgetting the desperate state of the E U ! Bound to keep on failing.

    When your in a car that is heading for a cliff, with worn out brakes. What should you do.

    Deny all you will, but 1 currency twa a failed idea.

  2. How can they state they are ashamed to be British, England can now (once we get out) begin to make decisions to make us great once again. Do they really believe that this will change their character, not that they seem to have had any. Germany and France have run the EU to suit their country and have not given a thought about others, let them get on with it with out our input.

  3. I really don’t understand how a vote to leave can make someone be ashamed to be British, you should be proud to be British and hold your head high, we have taken a decision that shows we will not stand for the EU elite to treat us like we are pawns they can move around as they seem fit without the worry that we can actually have much of a chance to do something about it! If other countries feel proud to be a part of the EU then thats fine for them but time will tell “very soon” that the British have done the right thing.

    The EC and the EU had the chance to change much of its ill run ways, they didn’t listen or take heed while sending DC back with nothing painted as great reforms, they couldn’t buy off and scare the British to vote to remain and now suddenly the EU are talking about making some reforms…. but it will still be run as a shambles that it is, 28 people round a table running a continent of countries and they can’t even decide as to which biscuit they should have with their coffee at a meeting, how can they take proper decisions? Hopefully if we ever manage to get out of the EU we will have forced some changes that will make it better for remaining countries but there will be changes coming in for the worse also… we are better out of this undemocratic organisation that manipulate us to suit their gains.

    I am British and I feel proud to be British because of the vote, anyone who isn’t doesn’t deserve to be British!

  4. I agree with most thing said
    my personal opinion and worries are health and exchange rate.13th june our local bank’s atm was only working for their customers- 14th I went up town again
    and managed to get what I needed out to pay a bill.
    21st i should have been able to get the same amount out- NO in the week I was down 100€
    I checked exchange rate- it had fallen considerably that
    explained me unable to get the amount I wanted.
    I have spent a lot of time visiting my son in Florida
    where the dollar was always 150/160 to the pound
    now it is down to 127- when I last looked- thanks to the brittish government.
    The final ad was brilliant Vote for britain Not Europe.
    I dread to see how much money I will be down this month
    Kay

  5. That’s what we get by believing such as Rupert Murdoch, as if he had the interest of the working class as his priority. Most Brits are putty in the hands of such as Murdoch. When I listen to them most of their belifes and views appear to be Straight from the Sun

  6. I think DavidE and his wife must be confusing Europe with the EU. It is a common mistake where Europe Means a richly diverse group of countries which are geographically close and populated by people who have formed deep rooted relationships with each other across borders and centuries, and the artificial EU which is a bureaucratic and financial burden around the neck of the above countries, hell bent on creating a federal superstate regardless of the opinion of the people.
    Unfortunately the media and the Establishment are happy to promote this confusion to whip up Remain sentiment.

  7. if people who voted for out had voted for a Government opposed to austerity, and distributed resources fairly to the regions, not cut benefits for vulnerable people, put money into public services and stopped the privatisation and selling of everything, perhaps we would be able to crow about democracy. Most of the policies people seemed to be objections to were national ones, not EU ones.

  8. Well said Mike – I agree 100% with what you have written here.
    Although many people do not think so today, we are far better off out of the E.U. where we can decide our own future and have control of our country.
    In a few years other people will learn to understand what a brave step this was, and it’s advantages to us.

  9. too many commenters here have swallowed the lies of the British press/Farage et al. Britain lost it’s Empire some time ago. When multi-nationals decide not to invest in a small isolated island, when financial companies decide to locate in Franfurt or Paris and not London, when house prices start to fall – the list is endless. A company CEO has two people waiting for meetings – one represents 27 countries the company can do business with, the other 1 country – you can do the maths.

  10. I don’t think that is true personally, certainly not with people I know who voted to leave! People do mention “stuff it to Cameron and others” but they refer to the campaign he was running, at lease to the people I have spoken to. Maybe that is what you are confusing your written text with unless of course the people you have spoken to think differently to the people I have talked to, or again maybe you have just taken something from the news media that so many condem and use their words. Whichever it is I think you would find although there would be those that think as you state, I am sure the majorities reasons where being fed up with things that are EU related. 🙂

  11. What has Empires got to do with Brexit?

    Well these countries can do business with the UK through an agreement and do it fairly much right away or try and do it with 27 and it takes several years! Seven in the case of the USA and it still doesn’t look anywhere near finalisation! EU has had years to do trade agreements so not many left to line up that haven’t already while the UK will now be opened up directly to the world again… I think it is you that needs to do the maths Alex!

    Which companies are relocating to Frankfurt and Paris?
    Are house prices falling really a bad thing, I think there are many who will disagree with you on that!

    A small isolated island, definitely couldn’t be British 🙂

  12. We Brits all became 10% poorer immediately after the vote and the pound has fallen even further since then to levels not seen since 1985. Osborne has announced plans to reduce the base rate from the lowest it has been in history to an even lower one – although that is really up to Carney, not Osborn. I guess they’ll be discussing that right now.

    As a direct result of such a move the pound will fall even further until it eventually stabilises at a much lower level than it was on polling day.

    Meanwhile both leading political parties in Westminster are convulsed in leadership challenges and nobody, it seems, is minding the shop.

    If anyone thinks this is an improvement I would question their judgement.

  13. Well if the fall is short term then things should obviously start to balance out again eventually, if they where long term it would have the effect of making UK goods cheaper and so create more export from UK and that is something that create more UK employment… that of course doesn’t help you!

    To be honest the Euro might not last a lot longer “nothing to do with the Brexit vote”, at long last even the IMF are starting to admit to cracks, cracks that many others seen coming before the Euro was actually brought in! If the IMF are saying this now then this is more than a worry for countries using the Euro. The other worrying thing “which again isn’t to do with the vote either” is that Spain I fear is going to have more economic problems, the Rajoy government promoting they are taking Spain out of it’s economic problems are going to get a rude awakening! “I hope I am wrong”. Greece’s economic problems are not going to suddenly go away, there are more problems coming along there also… so it doesn’t actually look good at the moment for the Euro, consequences could make your situation a lot worse or a lot better, we will need to wait and see.

    One thing is sure, the UK as a whole “as stated here and by others” will be better out of the EU, many of those institutions that predicted financial doom and gloom are now coming round to a totally different point of view as they now admit the UK will be financially better off.

  14. This is no “short term” fall in the value of the pound Mike. Please bear in mind the UK is still in the EU and will continue to be for at least the next 2 years until the process of leaving is completed. Since the pound has already lost 12% of its value against the dollar while the UK is still IN, what on earth is going to happen when it actually LEAVES?

    The world of finance is taking a good hard look at the British economy having to stand completely on its own as a lonely figure on the world stage and it doesn’t like what it sees. Britain hardly manufactures anything anymore. It is a service economy mostly and it imports nearly everything material including most of its essentials like food and clothing. It is riddled with ever-increasing debt and a huge balance of payments deficit. None of this is going to improve anytime soon. In fact, under the circs, it can only get worse and Osborne has  publicly given up on balancing the books. Add to the mix the probability of the UK breaking up and you have the perfect storm.

    Whatever you wanted, this is what you’ve actually got.

    But hey, Super Andy’s just won Wimbledon for the second time and in 3 straight sets! And he even paid tribute to David Cameron who was watching in the audience. Now that’s real statesmanship. Yeayy, Andy!

  15. I did not say currencies will come back quickly Brian, I suggested they might but in all honesty I nor you know what the fallout will involve or how long it will last. The fact that DC let the British public down by telling them he would handle whatever the public wanted and then resigned when he didn’t get what “he” wanted or expected means the fallout will be more and longer than it could have been. First step we need to get a PM, then we need to make a move forward with negociations, until each of these things happen “or start to” nothing much is going to get better for currency! You might not like it but exchange rates dropping as they have generally have a positive advantage to UK exports, it is like swings and roundabouts, depends which one you are on!

    You are right, there is not much of British industry left but if the new PM and their team get things right then that will change!

    The statement “Whatever you wanted, this is what you’ve actually got.” sums you right up Brian! It has been stated in other posts, by economists and by politicians that this will not be a walk in the park, there will be a rocky ride and it won’t be for a few days or weeks so relax and stop throwing these daft statements around before giving things a chance to actually move forward. This is not what we have got Brian, this is part of the process of what we are going to get!

    Anyone who has been keeping an eye on UK government spending knew a long time ago he wasn’t going to balance the books!

  16. Hi Mike. You are quite right about the advantage of a devalued pound for exporters. What a strange thing to say though that I “might not like” that. Of course I would welcome that aspect. However, you do not take into account or even mention the higher costs of imported goods and materials which always make such an advantage very short-lived. Every importer now has to spend 10% to 12% more to import the same amount of stuff than they did before. This includes most of the UK’s oil for example which trades in dollars, although to be fair that will help its struggling North Sea Oil industry in due course, but with the economy running at a serious deficit already and a BIG balance of payments gap between spending on imports and earnings from exports the net result is bad for the UK.

    Higher oil and gas prices raise the cost of everything Brits buy. On top of oil, which directly increases power and electricity prices, you have further increases in import costs in the retail industry, what’s left of manufacturing, in fact basically everything – so here’s a big welcome back to our old “friend” inflation! Having less to spend always increases pressure for higher wages. Expect more industrial action than the UK has already.

    Funny that Boris and Gove never mentioned any of these things, eh?

    No, Mike. Far from claiming neither “I nor you know what the fallout will involve” all of these things can be predicted with complete confidence.

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