Just wondering how these predictions were doing.
FFS
... "minimal ramifications" is absolute bollocks. The markets will go into free fall if we decide to bail, and we'll be in a recession by Q3 2016, it's not even a matter of debate, even the brexit camp have been forced to admit it.
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Facts are, if we vote to leave the pound will nosedive - probably go 1/1 against the euro. As we're a net importer, that makes our imports far more expensive. Consequently, inflation will rise. The BOE will most likely have to raise rates anyway to try and protect the pound, but raised inflation will bring about a rate rise anyway. Mortgage costs will go up, disposable incomes down. The economy will shrink significantly. The stock market will go into free fall.
The pound will drop as it did back in 2008. A rapid decline of probably 25-30%. It will happen so quickly you won't have time to blink, let alone react....
Trust me, it will nosedive!!...I used to work in the City and still have contacts there. The pound will go into freefall....
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