They were right.

Treasury analysis of the immediate impact of BrexitShock scenarioSevere shock scenario

GDP-3.6%-6%

CPI inflation+2.3 percentage points+2.7 percentage points

Unemployment rate+1.6 percentage points+2.4 percentage points

Unemployment level+520,000+820,000

Average real wages-2.8%-4.0%

House prices-10%-18%

Sterling exchange rate index-12%-15%

Public sector net borrowing (Fiscal year 2017-18)+£24bn+£39bn

http://www.bbc.com/news/uk-politics-eu-referendum-36355564

Don't you think it's a bit early to conclude this? The pound has dropped about 10% but drop in house prices? Rise in unemployment?

Scaremongering comes to mind

Recessions are good. Recessions are the periods I get to go home to Thailand, watch cartoons with my three wonderful nippers and put my feet up.

Ratings agency Standard and Poor's has stripped the UK of its top AAA credit rating after the vote to leave the European Union.

"In our opinion, this outcome is a seminal event, and will lead to a less predictable, stable, and effective policy framework in the UK," a statement from the agency read.

http://news.sky.com/story/1718386/uk-stripped-of-top-credit-rating-after-brexit

Ratings agency Standard and Poor's has stripped the UK of its top AAA credit rating after the vote to leave the European Union.

"In our opinion, this outcome is a seminal event, and will lead to a less predictable, stable, and effective policy framework in the UK," a statement from the agency read.

http://news.sky.com/story/1718386/uk-stripped-of-top-credit-rating-after-brexit

Oly, if it finally gets shot of the casino economy and crashes house prices. More the merrier.

From a bank's currency exchange board this morning...interesting the spread between the buy and sell prices for pounds vs. baht at almost 7%, whereas for all the other major currencies it's 2-3 percent.

Guess the Brits will be joining the Russians

Drinking their cheap beer at 7/11. 5555555

Guess the Brits will be joining the Russians

Drinking their cheap beer at 7/11. 5555555

The "Brits" living in Thailand on state pensions have always drank cheap beer, it just means they drink less, which can only be a postive

We need a poll.

In the next month, will the Pound reach parity with:

A. The US Dollar?

B. The Canadian Dollar?

C. The Zimbabwe Dollar?

Pick your parity!

3 pounds buys a packet of mama noodles (stale)

Guess the Brits will be joining the Russians

Drinking their cheap beer at 7/11. 5555555

The Brits invented that.

Guess the Brits will be joining the Russians

Drinking their cheap beer at 7/11. 5555555

The Brits invented that.

Don't stop, ND. You're on a roll.

Guess the Brits will be joining the Russians

Drinking their cheap beer at 7/11. 5555555

The Brits invented that.

Don't stop, ND. You're on a roll.

I've got a bit in me you know dad.....back half a dozen generations. You could call me a mongrel