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No, everyone will be poorer (in money, opportunities, and in spirit). However it will mostly hit the poorer portions of the population - manual labourers who w
by grey-area 8y ago
No, everyone will be poorer (in money, opportunities, and in spirit).
However it will mostly hit the poorer portions of the population - manual labourers who will see industries predicated on EU access disappear (car factories), agriculture, fishery which depends on EU subsidies that a London-centric government won't replicate, factories in poor areas like Wales which again rely on EU distributed subsidies, those who depend on benefits which will have to be dramatically cut due to falling tax revenue. The 'elite' or 'tenpercenters' as you call them will be just fine - they are flexible and wealthy enough to move country if required to preserve their wealth or found companies elsewhere, and will continue to have that opportunity.
It's going to take decades for this to play out though, because of transition agreements and attempts to soften the impact we probably won't see it at first (unless they opt for the WTO rules version of Brexit).