nabeelnawaz

Hi all, planning to move back (after 17 years and many countries in between) going through the motions of figuring out employment, schools, where to live, (and the right order) by the summer of 2018.

What's the general feeling on employment opportunities for Brits back home following brexit?

verystormy

At the moment things are very good. There is almost full employment and there has been little impact of brexit- the IMF has to do a bit of a grovelling interview yesterday after all their forecasts of doom proved false. 2018 though is a long time away and impossible to know what will happen by then regardless of brexit.

mikelincs

FFS! Brexit hasn't even started yet, so why would there be any impact, the time to talk of the effect Brexit is having is once Article 50 has been invoked, and once the terms of the leaving are known, and that won't be for several years yet.

nabeelnawaz

Well that's good to hear that the doomsday scenario that was predicted didn't really happen. Ofcourse its understandable that the real impact will be unveiled as part of the unraveling process.

Guess I will keep my fingers crossed , thanks for your perspective.

verystormy

No it hasn't, but to date all of the doom mongers have being proved wrong - hence yesterdays embarrassment from the IMF. During the debate the remain camp repeated the claims the 4 horse of the apocalypse were about to come over the horizon. They haven't and they wont.


Even the most remain supporting press are now struggling to find negatives. Even the hardest of Brexit's now seems unlikely to cause much of an issue

nabeelnawaz

Aside from the currency exchange hit...good to hear relatively little impact.

cyrian

The reason that the doom mongers have been proved wrong is because Brexit hasn't happened.
Car manufacturers like Nissan have contingency plans depending of the outcome of Brexit.
A large European investment bank I am familiar with is drawing up plans to move from London to Dublin (perhaps) but will delay a decision until post - Brexit conditions are known.
The doom mongers as you call them were speculating on what could happen post - Brexit and not post - referendum.

mikelincs

but Brexit hasn't even started yet, the UK is still a full member of the EU and getting access to the single market, so, no, things haven't changed, wait two years down the line and see if the answer is the same, I somewhat doubt it.

Novocastrian

The pound is at mid-eighties lows against the $US and heading back towards parity with the euro (1.14 this morning) while against the $C its almost back to the 2011 plateau in the low 1.60 region.

This pleases me because the overwhelming bulk of my pension income streams are sourced in $C and Euros.

Thank you Boris and Empress Treeza, but please stop it now.

BritInParis

Often repeated but not actually true. People seem to have very short memories. The Remain campaign made endless claims that a vote to leave would trigger an immediate recession and Osborne stated would need be an emergency budget to cope with the repercussions none of which has occurred.

Editha

But the reason they didn't occur was because the Bank of England stepped in with yet more quantitative easing and a reduction in interest rates.

Editha

Job losses are predicted in the financial services industry and manufacturing. It depends on what kind of brexit we have, but since we seem to be heading for a 'hard' brexit, substantial job losses seem likely.

BritInParis

I doubt a 0.25% decrease in interest rates is what is making the FTSE skyrocket and GDP increase. All the vote has done so far is make sterling fall across the Euro and USD which has made British exports cheaper.

Editha

The FTSE has 'sky rocketed' primarily because of the fall in the value of sterling. Big companies make their profits in USD but report their profits in GBP.

BritInParis

That may be true for the FTSE 100 but since the FTSE 250 is also approaching record levels then it can't be simply attributed to a handful of the biggest multinationals cashing in on the exchange rate.