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> The countries that exit would have worse economy than before the exit. Why is that guaranteed? I'd imagine that the argument can be made in both directions.
by adav 10y ago
> The countries that exit would have worse economy than before the exit.
Why is that guaranteed? I'd imagine that the argument can be made in both directions.
- viraptor 10y agoGeneral uncertainty, new tax rules, companies folding due to extra regulations on international business, reduced travel (business and holiday), less available workforce to choose from, current employees forced to leave, other EU countries dropping some existing arrangements because fuck it, changes in internal politics depending on people liking the government more/less, ... Not all of that has to happen (depends on the terms of leaving). I'm not even saying that it's going to last long. But I'd bet on at least 6 months of uncertainty and chaos which is going to affect the economy in a bad way.
- adav 10y agoJust to play devil's advocate, none of those things are assured (apart from increased volatility due to the uncertainty for sure, as you mention). Perhaps Britain would even have the chance to actually to make itself more attractive to business by competing more favourably with Europe. Regarding your point about current employees being forced to leave, this is one of the things that worry me most - with friends, colleagues etc. Luckily, most sources indicate that anyone already legally working in Britain would be granted permanent settlement rights. It would be a shame if good people in future are unable to migrate though!