The pound will fall and a weak pound means that imports will cost more – along with them the many food imports that we rely on .GranadaJoe wrote:A lot of Remain advocates and posters on this forum have been sensationalist and patronising (as graciously admitted by Nutflush).
Leave supporters were characterised as racist and economically illiterate.
And still this morning the bollocks continues. A number of posters have stated that the pound is at its lowest for 30 years. Bollocks!
It may have suffered its biggest fall, but that's not the same thing. A couple of years back a pound bought you 1.01 euros. This morning, before the markets have properly corrected you can get 1.23, nearly 25% more.
I don't know exactly what the future holds, but at most it will be a bit different to how it would've been. Maybe a bit better, maybe a bit worse. Let's not panic.
Petrol and other oil products are priced in dollars so transport costs will soar and add to inflation. Prices of all goods will rise and we see the return of inflation.
Motorists pay more to fill up at the petrol stations.
Stocks and share prices fall. As these back all our pension funds, then new pensioners will receive lower pensions in future.
Interest rates will rise to protect the pound so mortgage payments increase.
Prices rise as migrant workers fade away and British workers won't work for same pay as migrant workers and won't do the same jobs
Thats how it will affect the man in the street - the working man who lives from one pay packet to the next
Did someone say better off???
Time will tell, but welcome to an uncertain world – and remember you voted for it.