Camp Freddie
Member
I hear what you're saying, but what makes you think that the average man or woman in the street cares about bankers in the city? There is still residual bad feeling about 'bailing out' the 'fat cats' in the last economic downturn. So hearts no longer bleed at warnings of financial contraction in the city and its consequences in the event of Brexit.
I hate this sentiment.
"It's okay if the economy collapses, it just means bankers don't get their bonuses."
"The FTSE 100 is not real money"
Bankers will still get immense bonuses after Brexit. Probably much more than they do now, since they'll be the ones claiming credit for saving their organisations billions by moving stuff to mainland Europe and shorting the pound.
We can survive global recessions and bounce back, because everyone is affected and bounces back together - but this will be localised. It's British companies that will suffer most. They might bounce back, but they'll never catch up with American companies (which won't be affected much), or European ones (which will be affected less than us).
And as for the 'not real money' argument. It's like everyone forgot that "final salary" pensions don't exist anymore*. Everything is tied to investments now. Brexit will cost people vast sums of money in their future pensions, since pretty much all pensions are heavily invested in FTSE 100 and 250 trackers.
*unless you're close to or already retired, in which case you might be fine. Maybe that's why the old people don't give a shit about fucking things up for the rest of us, though I suspect that Brexit will cause companies to "do a Phillip Green" to avoid liability for massive final salary pension deficits.