Wealthy will be biggest winners from Brexit - loveMONEY poll
Our readers think leaving the EU will be good news for the rich, but bad news for the poor.
The rich are likely to be the biggest winners from the vote to leave the EU, according to a recent poll of loveMONEY readers.
Just over half (51%) of respondents reckon it will be the wealthy that stand to benefit the most from the decision to Brexit, followed in a distant second by the elderly (17%).
However, readers were less convinced that the poor (11%), businesses (9%), politicians (8%) and young people (4%) would cash in on the result in the long term.
Not long has passed since the UK voted to leave the EU, but already there are some clear winners.
Based on what we know so far Leave speculators that took a gamble on the UK voting for Brexit have cashed in, with talk of a base rate cut borrowers can expect cheaper deals on things like mortgages and businesses have been promised a decent tax cut from the Government.
Read more in: Brexit: money winners and losers of the EU referendum.
Who will be the biggest losers?
In contrast nearly half of loveMONEY readers (48%) reckon the poor will be the biggest losers following the decision to leave the EU.
Meanwhile over a fifth (22%) think it will be young people that will be hardest hit.
Only time will tell which group will truly benefit most and least from the result. However, we can already see some of the losers emerging.
Holidaymakers are getting less foreign currency for their pound, for example, while motorists face increased prices at the pumps and those wanting buy an annuity are getting poorer rates.
However, loveMONEY reader nicknuts thinks we should be more optimistic. He commented: “There are no losers. The pessimism due to years of lefty suppression is dreadful. Let's get with the plan and break free.”
Meanwhile Lawrence A thinks we missed one out in our round up. He commented: “Under "Losers", you forgot to mention one Mr Cameron....”.
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Mr rnext there was no plan because Cameron and his advising mandarins never remotely expected the voters to disobey the dire warnings. The BOE are doing their best to talk the economy down as a rearguard action. The Remainers are desperate and acting as a'fifth column' for the Brussels bureaucrats. Keep you head but we do need a good leader - not May but just reading Private Eye I am not sure about Leadsom!
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rhext. let me give you something to think about. "Countries which have so far signalled they would like to open talks with the UK over a trade deal: the US (yes, amazing, isn't it, how quickly a queue can dissolve), China, India, the EFTA nations (Iceland, Norway, Switzerland, Greenland and not forgetting the Faroe Islands), Australia and New Zealand, South Korea, Canada, Mexico, Ghana and… Germany! The latter having been told by its industrialists that it had better strike a free trade deal with the UK after Brexit, or else." Also, we keep our democracy, and not hand government to unelected foreigners. Westminster will have to start representing us again or we won't vote them in. BigBrother. What disaster? Give us facts, not just biased opinionated random statements. See para above ref trade deals. FTSE 100 is on the march. The pound has been talked-down but will recover. They don't compare with the Euro. We were at parity in 2008 and now about 1.2, so not so bad. My draw down-pension has increased by 8% since the vote. We need some optimism to help drive this forward. I watched QT on the scBBC tonight. My god, a total moanfest, based on very little. It's as though sections of society want a complete collapse to prove a point. What an attitude. And why is May in the running? We already have a remainian PM resign. Why replace with another remainian. We need Leadsom, who promoted Leave. "
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It's an utter disaster and we haven't even seen a fraction of the ramifications. We're only in the early days of this fiasco and until it gets even worse, nobody is power is going to stand up and say 'Enough! The vote was a protest but it is patently obvious that to leave will severely damage the country. We will not trigger Article 50'.
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08 July 2016