We are good to go

[DimPrawn]

So what does a No Deal Brexit really mean? | Daily Mail Online

After two years of preparations, Eurotunnel declared itself ready for a no-deal in March. It has spent £13m on new infrastructure, including passport controls and additional border inspection posts in Calais.

Bosses at Calais have insisted that a no-deal will not create delays. A demarcated holding area has been created for lorry drivers who do not have the right paperwork in order not to slow down transit times.

France is also recruiting 700 customs officials by 2020 for Calais, Dunkirk, Le Harve and the Channel Tunnel.

Ministers have pledged to open up to ten ‘freeports’ - Singapore-style low-tax, tariff free economic zones - to boost jobs.

Companies would be allowed to store products, or manufacture goods, within the zones without having to pay duty before exporting them elsewhere.

Boris Johnson says such freeports could transform ‘left-behind areas’. Teesport and the port of the Tyne in the North East, London Gateway in Essex, and Milford Haven, in Pembrokeshire, Wales, are all said to be interested.

The Office of Budget Responsibility predicts that a no-deal would result in a 10% drop in house prices between the start of 2019 and mid-2021.

etc etc

All good, cheaper housing saving people billions, trade will flow, economy boosted.

As predicted by those here, no deal will slingshot the UK to the top economy in the World.

[Eirikur]

Cheaper houses also means lots of people in negative equity, remember what happened in Ireland after the financial crisis? And who will bail the UK out? Certainly not Ireland or the EU so let's see if the US will

[CryingSheep]

I really want to believe your last comment was sarcasm...

How a drastic drop in house cost/value is a boost to the economy!? One of the parameters of a bank stress test is a sudden drop in house value, but for you this means a boost to the economy!? You must be a visionary...

Tariff free zones!? I thought the other countries will have to agree it first! I mean UK is free to open its borders and to not charge any tax on imports, just can't expect the same from other countries, specially from the EU!!! So don't see how this can be a boost to British economy either...

[AtW]

trade will flow

To free ports, this is going to be great for public finances

[NotAllThere]

I really want to believe your last comment was sarcasm...

How a drastic drop in house cost/value is a boost to the economy!? One of the parameters of a bank stress test is a sudden drop in house value, but for you this means a boost to the economy!? You must be a visionary...

DimPrawn believes that low yield government bonds are indicative of a poor economy, so I'm afraid you'll find it's not sarcasm. (Hey, Turkish bond rates are up to 30%. Their economy must be awesome!).

What was that quote from the Big Short, when they shorted the housing market (i.e. bet that house prices would drop). "You're shorting the US economy".

[BrilloPad]

If UK housing was not so outrageously expensive the vote to leave with no deal could have been avoided.

It would provide a huge boost to younger people who see no point in working.

[BR14]

If UK housing was not so outrageously expensive the vote to leave with no deal could have been avoided.

there was a vote to leave with no deal?
I must have missed that

[darmstadt]

We are going
Heaven knows where we are going
We know we're there
We are going
Heaven knows where we are going
We know we're there
We will get there
Heaven knows how we will get there
We know we will

It will be hard we know
And the road will be muddy and rough
But we'll get there
Heaven knows how we will get there
We know we will

Woyaya
Woyaya
Woyaya

[BlasterBates]

boom !

bring it on

Boris Johnson’s donor Crispin Odey eyes Brexit jackpot with £300m bet against British firms

fill your boots