How much have you lost because of brexit.

[GB9]

Absolutely, anyone with UK assets became substantially poorer after the Brexit vote.

Of course it will take time for that to feed through into higher prices as the major retailers hedge currencies for up to 6 months. In 6 to 12 months you will see prices start to rise.

If a future Prime Minister actually hands in article 50 you could see another huge drop in the value of the pound.

Even bigger than the 8% we have seen so far? HUGE!!!

[AtW]

Even bigger than the 8% we have seen so far? HUGE!!!

This alone should be enough to create big inflationary wave - most people don't even have 8% savings rate, and now inflation for essentials will eat into already stretched budgets, even LED TVs will go up in price now.

I expect another 10%+ drop in currency once Article 50 is actually invoked, that is likely to happen soon because if they miss April 2017 then it would become much harder to leave EU.

[SueEllen]

I expect another 10%+ drop in currency once Article 50 is actually invoked, that is likely to happen soon because if they miss April 2017 then it would become much harder to leave EU.

What happens in 2017?

[AtW]

What happens in 2017?

Apparently from April 2017 it would be necessary to get 14 EU members approval to exit EU.

[BlasterBates]

Even bigger than the 15% we have seen so far? HUGE!!!

FTFY

[meridian]

Apparently from April 2017 it would be necessary to get 14 EU members approval to exit EU.

The way that Farage et al have behaved in the European Parliament, I don't think that will be a problem....

[GB9]

FTFY

Fixed? By sticking in an incorrect percentage? Or are you going to use ATW's approach and claim the percentage based upon what it would have been... ?

1.42 down to 1.2944 still looks nearer to 8 than 15.

[SueEllen]

The way that Farage et al have behaved in the European Parliament, I don't think that will be a problem....

But the Scottish and Northern Irish MEPs would sweet talk them into staying.

Unlike Camoron some politicians make relationships with their foreign counter parts, and unlike Blair they check they are making it with the right people.

[AtW]

Fixed? By sticking in an incorrect percentage? Or are you going to use ATW's approach and claim the percentage based upon what it would have been... ?

1.42 down to 1.2944 still looks nearer to 8 than 15.

obviously rate should be compared with what it would have been in event of bremain - certainly over 1.50, my guess between that and 1.60

[jamesbrown]

Apparently from April 2017 it would be necessary to get 14 EU members approval to exit EU.

The only question is whether this little chestnut was concocted by Brexit or Bremain. I suspect Brexit. Anyway, see here for a primer on the Article 50 process:

http://researchbriefings.files.parli...1/CBP-7551.pdf

It's a good read. Seriously