Quote:Can anyone chime in on this and how it will affect them? I heard the analogy that it's like several States seceding from the American union but I don't know if that's an accurate analogy.
Lots of confusion, an initial market crash followed by a slow stablisation and lots of negotiations to sort out the departure of the United Kingdom from the EU.
There is no change in day to day stuff for now, until the UK activates the treaty (and for two subsequent years after the day we activate it) to depart the EU we still abide by all the same regulations and rules that we were bound by before the vote.
How our government handles this however will be the biggest question. Our chancellor has effectively threatened to implement a 'Punishment' budget which includes tax hikes and major cuts; although the chance of him getting this through parliament is effectively nil.
For me personally? I can expect my savings to depreciate to a degree due to the Stirling taking a dent in the short term however other than that its keep calm and carry on.
Its way too early to start calling anything though; our prime minister hasn't even emerged from No10. Until the flames die down no one knows where its headed and to what extent in the future things will change.
