Economic downturns and recessions disproportionately affect the poor[0] and disadvantaged[1].
[0] http://www.russellsage.org/research/special-initiatives/grea...
[1] https://www.aclu.org/sites/default/files/field_document/disc...
B) Actually they'll stand to do better because:
* There will be less competition for jobs, meaning a rise in wages.
* Westminster is more likely to direct funding their way in order to avoid another repeat of Thursday.
* The low pound will be good for export industries.
The weak pound means importing oil (priced in USD) will be more expensive. This will affect Petrol prices (we're already seeing a 2-3p rise at the pumps). Poorer people spend a larger %'age of their income on essentials like fuel.
There are a number of knock-on effects from the weak pound. Yes it's good for exports but overall it's going to be a rough couple of years for the already disadvantaged.
Speaking to your point on competition as well - if the UK wishes to join the EU free market they will most likely need to accept freedom of movement. No treaty has ever been agreed with any country without this caveat (that covers the Swiss, Norway etc). It's possible that the UK may be an exception but it's unlikely.
I can think of one rule which will get revoked in that case: https://en.wikipedia.org/wiki/Set-aside
Much like Russia (which suffered a much worse currency slump and also imports a lot of food), the UK will likely roll with it and engage in import substitution.
>Speaking to your point on competition as well - if the UK wishes to join the EU free market they will most likely need to accept freedom of movement.
That's clearly the deal the remainers wanted to take but if I recall correctly they lost.
At the low end I'm pretty sure the wage rises coming from fewer Poles, etc. will at least match - and possibly outstrip inflation caused by newly instituted 2-4% tariffs.
Where are these extra jobs going to come from with a rock bottom pound and markets in freefall? Do you believe this was a vote about repatriation or something?
He is about to enter a leadership contest and is hoping for votes from tory members of the remain campaign.
He might do a 180 on immigration but I wouldn't say this is evidence of it, and he likely knows he'll pay a heavy price come next elections if he does (assuming he wins leadership).
The other guy who actually is backpedaling is just an MEP whom I'm pretty sure nobody gives a fuck about.
Even farage has his doubts - https://youtu.be/WrAHJ9fDHUU?t=384