Quote:
Originally Posted by Kursk
I should imagine Notherners and the Valleys are wetting themselves with worry about derivatives. I know you'll say that what happens in the City affects everyone but this stuff is so far removed from the lives of joe public that they evidently couldn't see the need to sacrifice their principles for it.
Que sera, sera.
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Depending on which Northerners you speak to that couldn't be further from the truth. Some of the cities, the economic centres, voted to remain.
The division is put into contrast in my area. I live on an affluent estate with household income 3 times that of the rest of our local authority ward which is largely social housing, post-industrial. This estate seems to have overwhelmingly voted to remain while the majority of the rest of the ward seems to have voted to leave.
I'm going to be very interested in seeing if we see an uptick in emigration.
This is a very difficult and divisive situation and if it hits the fan a lot of people may be asking themselves why they should see their tax bills go up while public services are cut further to pay for something that wasn't just avoidable but actively chosen.
Going to be a tumultuous rest of the decade.
---------- Post added at 11:30 ---------- Previous post was at 11:27 ----------
Quote:
Originally Posted by Hugh
Until the tax revenue, which helps support the North, falls.
Just because they don't know about / understand it, doesn't lessen the impact...
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Another thing that interests me is whether people will react with stoicism to this, accepting it as the price for the vote, or will be angry and upset.
Usually recessions come about through the actions of a few, be they in political power or business, this is a rare occasion where the many will probably cause one.