04-04-2016, 09:53 AM
31
Re: Ex Pat what could happen on EU exit
Originally Posted by Muddy
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Brits lived in Spain before we were in the EU and will no doubt continue to do so if we came out.Spain would loose a massive part of its economy that which is driven by the many British expatriates .
Spain would only lose around 0.3% of it's economy in total if all the Brits left, although obviously the effect would be much greater in the coastal areas with large expat communities.
What they will suffer from is any decline in the tourist industry due to any fall in the value of the £ and the need for holiday medical insurance, the costs of which will rise substantially as the EHIC will no longer be valid.
04-04-2016, 10:55 AM
32
Re: Ex Pat what could happen on EU exit
Originally Posted by galty
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Shame on a serious discussion you have to state the name of the Daily Mail as the daily FAILAnd you then use the term no sensible debate so far.
04-04-2016, 11:01 AM
33
Re: Ex Pat what could happen on EU exit
Originally Posted by swimfeeders
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HiSpain would only lose around 0.3% of it's economy in total if all the Brits left, although obviously the effect would be much greater in the coastal areas with large expat communities.
What they will suffer from is any decline in the tourist industry due to any fall in the value of the £ and the need for holiday medical insurance, the costs of which will rise substantially as the EHIC will no longer be valid.
04-04-2016, 06:29 PM
34
Re: Ex Pat what could happen on EU exit
Originally Posted by swimfeeders
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HiSpain would only lose around 0.3% of it's economy in total if all the Brits left, although obviously the effect would be much greater in the coastal areas with large expat communities.
What they will suffer from is any decline in the tourist industry due to any fall in the value of the £ and the need for holiday medical insurance, the costs of which will rise substantially as the EHIC will no longer be valid.
04-04-2016, 06:45 PM
35
Re: Ex Pat what could happen on EU exit
Originally Posted by galty
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Think in the short term the pound might lose some value against the Euro but in the long term when things sort them selves out the £ would gather strength against the Euro the $ is another matter.
04-04-2016, 07:31 PM
36
Re: Ex Pat what could happen on EU exit
HiThe chart is here
http://www.xe.com/currencycharts/?fr...to=EUR&view=1Y
Not good reading, as the £ falls the cost of borrowing on the International Markets rises.
We need to borrow £70 Billion this year alone, so either Tax Rises or yet more austerity.
When we leave, some of the money markets are looking at parity, £1 to 1 Euro, which will cost us a mint in increased Interest Payments.
The £ will of course rise again after Brexit in the longer term, but the longer term they are talking about is a minimum of 5 years.
I have no real idea what will happen, all I am sure of is that it is out of our hands, it will be decided abroad by those who lend us money.
04-04-2016, 07:46 PM
37
Re: Ex Pat what could happen on EU exit
Originally Posted by galty
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Think in the short term the pound might lose some value against the Euro but in the long term when things sort them selves out the £ would gather strength against the Euro the $ is another matter.
04-04-2016, 07:47 PM
38
Re: Ex Pat what could happen on EU exit
Originally Posted by Goldielocks
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Thsnk s for that Galty. Interesting post
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