How will Brexit affect you and your family personally?

Soldato
Joined
13 Nov 2003
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Location
Harrogate
Financially I *may* need to order one less bottle of Malbec per week.

Luckily I own a business that tends to do well in a recession...I actually set it up in 2008. Surprisingly my pension fund has been unaffected. Not looked at S&S ISA but that's long term anyway.

Holiday in the Dordoyne (well, spending money) will cost me a fair bit more next month.

Finances aside, I feel very sad about it all. Suddenly this country doesn't seem such a nice place to live.
 
Soldato
Joined
17 Jun 2004
Posts
3,691
I've been a lurker for a while on the forums, but finally pulled the trigger with the whole brexit thing.

To move away from all the politics, so how will brexit affect you personally?

Our family has moved over the pond couple years ago... But we still have money in ISA'S and a property back in Cambridge... Value of both of those have seriously been hurt by exchange rate and possible upcoming reduction in house prices.

It is scary to think that the rate is predicted to hit 1.20 when couple years ago there was a time when I was pulling money from Halifax clarity at 1.70.

We are originally Lithuanian citizens who moved to UK in 2004 and naturalized in 2010, as a consequence we've been stripped of our LT citizenship's.

Even though that we will have US passports in next 2 years, its still pains me that the value of UK passport will go down substantially without EU. Although I find comfort in the fact that if by some chance EU becomes a super state nirvana I can always restore my Lithuanian citizenship by renouncing both UK and US citizenships in the future.

A benefit for us would be that our income is in $ and therefore trips to Europe to relatives are cheaper, my parents are flying back from europe tomorrow and the favorable exchange rate both against pound and euro saved few pennies as everything there was charged on US credit cards which use live rate.

As a sad side note, my parents ended up being verbally harassed over this weekend at a pub where they were having a meal, by being told to "go back home". I guess they did just that, happily.

I will bite, you are for the most part unaffected by brexit. Your investments may lose some of their value but that's the nature of investment and exchange rates as in the dollar to pound since the UK has joined the EU have been on a downward trend. You have invested in a downward treading pound value, if anything a remain vote may have over the long term continued to tread down. You have lost nothing other than not gaining your speculated return.

You are not British, you are a Lithuanian exploiting the legality of nationality, both here in the UK and the USA. Superstate nirvana and you would be
renouncing both UK and US citizenships in the future. I hope Brexit keeps you're investments tied up. ;)
 
Soldato
Joined
22 Jul 2006
Posts
7,686
Not sure how things will pan out for us.

Wife is a specialist can re nurse for Macmillan so one wage is fairly safe.

I however currently work for an Irish firm. Speaking to my boss today he is fairly relaxed about things and happy to just roll with it for the time being. I can see sales getting harder to get, or customers ordering less as prices are increasing.

We shall just see, I am in the process of applying for the police so hoping things go well in that sense!
 
Soldato
Joined
6 Oct 2011
Posts
4,260
Probably won't change much. Partner and I have a house and both earn respectable wages. Only 27 so pensions, investments, etc aren't really an issue.

As long as I can play golf and fish at weekends I'll be happy.

Prospect of affording a wedding and children in the near future scares me far more than any possible European or worldwide economic disaster.

Not that I think there will be an economic disaster. Yes I voted leave.
 
Soldato
Joined
12 Feb 2009
Posts
4,325
Im so sad for you that your holiday will be costing more for you.

But then a lot of people that voted out..

In the North east of England. North midlands and midlands East anglia areas cant afford a holiday from year to year..

You see they are on minimum wage with no chance of overtime or seeing there wages go up because the area is swamped with people from EU depressing the wage market..

And as for how Brexit affects me.. no idea. no one has any idea until things are sorted and we see what deals are made.

Everything else is just speculation on both sides with some drama queens going totally overboard with the doom and gloom.

You need to do a bit more research, you do know the north east has the lowest level of EU immigrants and immigrants overall in the UK, far from swamped? 96.8% British, 1.6% EU.

You complain about doom and gloom, but half your post is doom and gloom, no holidays, minimum wage and no overtime? Maybe take some of your own advise? :D

Most people are not on minimum wage whatever region your in. Yes there is poverty, like there is in every region, but most people are not in poverty.

You do know excluding London the difference in average wage in the different regions isn't that large around £4k difference if you compare the best regions with the worse (not counting London), this poor northerners BS is wearing thin.

When you take in the cost of living the average working Northerner has more disposable income than the average working Southerner.

Northerners can afford to go on holiday just much as Southerners! :)

The unemployment rates are only slightly up, London the richest part of the country is the north east's closest competitor in the unemployment rate 5.9& compared to 7.3%. (The east which you mention has the lowest rate 3.7%, which is why they need eastern Europeans to do some of the seasonal work)

Also the high cost of living in London has a big effect on disposable income for the average person and the average wage is massively skewed due to the high number (but still small proportion) or very well paid people in this area.
 
Associate
Joined
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Location
France
You need to do a bit more research, you do know the north east has the lowest level of EU immigrants and immigrants overall in the UK, far from swamped? 96.8% British, 1.6% EU.

You complain about doom and gloom, but half your post is doom and gloom, no holidays, minimum wage and no overtime? Maybe take some of your own advise? :D

Most people are not on minimum wage whatever region your in. Yes there is poverty, like there is in every region, but most people are not in poverty.

You do know excluding London the difference in average wage in the different regions isn't that large around £4k difference if you compare the best regions with the worse (not counting London), this poor northerners BS is wearing thin.

When you take in the cost of living the average working Northerner has more disposable income than the average working Southerner.

Northerners can afford to go on holiday just much as Southerners! :)

The unemployment rates are only slightly up, London the richest part of the country is the north east's closest competitor in the unemployment rate 5.9& compared to 7.3%. (The east which you mention has the lowest rate 3.7%, which is why they need eastern Europeans to do some of the seasonal work)

Also the high cost of living in London has a big effect on disposable income for the average person and the average wage is massively skewed due to the high number (but still small proportion) or very well paid people in this area.

It's the internet. Can't let facts get in the way of a good racist rant. :p
 
Soldato
Joined
12 Feb 2009
Posts
4,325
I voted out, as how it affects my family no idea

Holidays well i havent been on one for over 15 years, Shares dont own any, Morgate dont have one, Pension dont have one, Savings Nope none of those, I live month to month on just over minimum wage working in excess of 240-300 hours a month as a security guard.

Basically the economy tanking wont really affect you when your Zero hour on Minimum wage.

So all these buisiness leaders who are crying I say cry harder

If basic prices go up the poorest on minimum wage and benefits will be hit the worse as even a small increase in costs will be a higher proportion of their income than the better off. It's certainty a case of Turkeys voting for Christmas. :> If you struggling now even a 2% increase in you living costs will hurt a lot.
 
Soldato
Joined
20 Oct 2004
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13,059
Location
Nottingham
There are parts of Teesside that wont be effected at all unless Boris actually goes up and starts executing them. have you ever been to dormanstown? Its like Baghdad but with all the good bits removed
 
Man of Honour
Joined
28 Nov 2007
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12,736
With an economics degree (and an MBA) and almost 20 years practising as economist, I don't really feel qualified to predict exactly how myself and my family will be impacted by Brexit.
 
Soldato
Joined
12 Feb 2009
Posts
4,325
Well yeah, it's Torry :p

He probably has you there, Brighton is one of the most expensive places to live outside London.

Home values in Aberdeen
Avg values 1 yr
All homes £222,323 -2.77%
Detached £384,664 -3.32%
Semi £257,294 -1.22%
Terraced £213,866 -3.73%
Flats £158,152 -0.8%

Home values in Brighton
Avg values 1 yr
All homes £383,988 +7.85%
Detached £560,459 +11.24%
Semi £393,075 +10.88%
Terraced £424,535 +5.67%
Flats £277,368 +5.29%

Obviously this is a very rough comparison as it doesn't take size of building in to account. Brighton may have more larger properties.

http://www.zoopla.co.uk/links/widgets/values/

Still I suspect Brighton doesn't have areas like "Torry". :D
 
Permabanned
OP
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You are not British, you are a Lithuanian exploiting the legality of nationality, both here in the UK and the USA. Superstate nirvana and you would be
renouncing both UK and US citizenships in the future. I hope Brexit keeps you're investments tied up. ;)

Why do you sound so spiteful? Exploiting legality of nationality? Look outside, its 2016 and its a global world. Foremost, my personal and family's well-being comes first, so yes if there is a nirvana superstate of EU that would allow for better life I`d bite in a heartbeat as majority of this forum.

Did you personally lose anything from my family "exploiting" legality of citizenship. Our family has paid so much in taxes and barely used any public institutions such as education and healthcare. I just found it hilarious that one odd comment about us packing bags and going home made by benefit chavs fails to realize that our taxes are paying for his Stella.

Why would you wish for our investments to get tied up? My parents worked their butts off to pay off the mortgage on our house and all the savings in ISA's.

Finally, my parents work has contributed to "Making Britain Great" why would you wish us any ill at all??
 
Last edited:
Associate
Joined
8 Aug 2015
Posts
1,495
Location
France
Why do you sound so spiteful? Exploiting legality of nationality? Look outside, its 2016 and its a global world. Foremost, my personal and family's well-being comes first, so yes if there is a nirvana superstate of EU that would allow for better life I`d bite in a heartbeat as majority of this forum.

Did you personally lose anything from my family "exploiting" legality of citizenship. Our family has paid so much in taxes and barely used any public institutions such as education and healthcare. I just found it hilarious that one odd comment about us packing bags and going home made by benefit chavs fails to realize that our taxes are paying for his Stella.

Why would you wish for our investments to get tied up? My parents worked their butts off to pay off the mortgage on our house and all the savings in ISA's.

Missed this.

That person is a complete knob. The UK NEEDS immigrants, anyone who thinks otherwise isn't very well educated (if at all).
 
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