Quote:
Originally Posted by jet
There are a lot of articles by experts saying how dire things are going to be, that we face years of hardship and might never recover, our place in the world is damaged forever etc etc. Then other experts predict that there will be only very short term teething problems and in the long run we will prosper.
This is one I read recently:
https://www.finance-monthly.com/2017...act-of-brexit/
Your thoughts on it? |
I mean... for a start, the article is from 2017 and the entire premise on it is based on trying to predict "what the terms are of the deal we secure with the EU". Two years ago a deal was very much still expected and now it's looking impossible so that immediately makes the article less relevant to the current situation. Secondly, the focus is on the long-term prospects which really apply more to business and the wealthy who can afford to "ride the waves". The short-term impact is looking to be a disaster for the middle and working classes, i.e., "normal people with normal lives".
The current situation is unprecedented. I wasn't particularly worried in 2017. I thought Brexit was a mistake but fully expected there to be a trade deal in place by the point of exit - just one that would be a bit of a drag on the economy. I am extremely worried right now. I don't trust that the current government is "prepared" for no-deal
in the slightest and I think it's going to happen. I think there will be very noticeable immediate food and medicine shortages. I know that jobs will be lost. I think people and families will end up in debt/poverty spirals. I think lives will be ruined.