Millennials may lose up to £108k over 30 years with no-deal Brexit

[AtW]

Young people will be financial losers under all Brexit outcomes facing losses of up to £108,000 over their lifetime under the worst-case no-deal scenario, according to a report which also included a warning from former prime minister John Major about the deep implications for millennials.

The report, commissioned by the campaign group Our Future, Our Choice, projected the loss of earnings between now and 2050 – accounting for a 30-year career for most young people.

It used models by Oxford University economist Tommy Peto, partly based on the Brexit briefing papers, which set out its impact over the next 15 years, which showed that the Norway model would have the least adverse financial impact on young people.

Millennials may lose up to GBP108k over 30 years with no-deal Brexit | Politics | The Guardian

[Old Greg]

Young people will be financial losers under all Brexit outcomes facing losses of up to £108,000 over their lifetime under the worst-case no-deal scenario, according to a report which also included a warning from former prime minister John Major about the deep implications for millennials.

The report, commissioned by the campaign group Our Future, Our Choice, projected the loss of earnings between now and 2050 – accounting for a 30-year career for most young people.

It used models by Oxford University economist Tommy Peto, partly based on the Brexit briefing papers, which set out its impact over the next 15 years, which showed that the Norway model would have the least adverse financial impact on young people.

Millennials may lose up to GBP108k over 30 years with no-deal Brexit | Politics | The Guardian

It would be more helpful If they denominated the loss in a hard currency.

[shaunbhoy]

a report which also included a warning from former prime minister John Major

That would be John "Maastricht Treaty" Major then?

Well I am sure that the conclusions drawn are all based on hard facts and not vapid speculation and scaremongering then.

[AtW]

You tell ‘em how it is, sarg

[shaunbhoy]

You tell ‘em how it is, sarg

Button it Monsieur le-scaredy-chat.

[Whorty]

Button it Monsieur le-scaredy-chat.

Is that your photo when you enlisted?

[AtW]

Is that your photo when you enlisted?

No, this is his photo -

[shaunbhoy]

No, this is his photo -

If you insist.............

[shaunbhoy]

Meantime, here is one of Alexei the day he got his call-up papers......

[AtW]

Meantime, here is one of Alexei the day he got his call-up papers......

It's you who "served" in Signals mate

Served peeled potatoes.