Thomas asked me if he should be writing up a post about Brexit on this blog the morning after we found out the votes for the referendum had come out in favour of a UK Brexit. He stayed up late that night and woke me up to tell me when the point of no return had been hit – and the UK was out for certain.
I axed the idea of making a post straight away, insisting we have a level-headed, non-fear-mongering blog, that we have never and will never want things to get political on More Than Just Surviving. Could you imagine how much the comment’s section would blow up in the most politically charged way possible if we made a post about Brexit?
But a day in and I’ve already changed my mind.
Why does Brexit matter to us?
So we’re in, and we’re staying in. But this U.K.-leaving-the-E.U. stuff, it impacts us directly. A lot less directly since we thankfully do not earn in GBP (because of course we’ve all seen what happened there), but if/when the U.K. begins to feel the economic aches of a decision its citizens may not have understood the full impact of making, we’re going to be here to firsthand see the aftermath.
And it’s okay. We’re happy to do that. Of course, we’d rather have been here quite a bit sooner so we’d have been shored up better for a potential emergency situation, but it’s not an emergency situation yet, and if one does come, we still have time to get our ducks in a row.
If you’re in the U.K., there’s still time for you, too.
So what advice do we have for you?
Advice for U.K. Preppers Regarding Brexit
You knew this would be on the list. Not much needs to be said. If you’ve been slacking, if you’ve been diverting funds to entertainment that could be cut and placed in a stockpile, if you’ve got a lot of extra cash lying around, it’s time. You know what you need, and if you don’t figure it out. Household supplies & food. That’s where I’d start. If you need a cheat sheet for the best survival foods, it’s here. If you need to work on things besides just basic household supplies and food cause you’ve got that covered, take a look at our survival gear list to see if there’s anything on it you might want that’s currently missing from your own stockpile. Get. To. Work. No time to waste.
2. Do not convert your GBP.
Word to the wise: if you have pound sterling and haven’t already converted – don’t. Hold off. I repeat – do not convert your GBP to another currency.
Why? The only time you lose money if the value of anything goes down (a property, a currency, a precious metal…) is if you sell when it’s low. Don’t sell when it’s low. You are getting a horrible deal. Keep your money in GBP. And what do you do with this money that’s in GBP?
3. Stock up on goods before the weak currency gets priced into the market.
What the hell does that mean? It means that right now, the items you can buy were purchased from those who resell them to you when the pound sterling was high. So you’re still getting the same prices as the items would’ve cost before the currency crashed. In a few weeks or months, when those sellers have got to restock because they’ve sold all their items, you’re going to see those prices increase significantly because they’ll have to factor the currency conversion into selling to you.
Practically speaking? This means get your ass on Amazon and buy those toilet paper rolls, bags of rice, outdoor survival knives, and UK legal EDCs you needed or wanted. Because there’s no guarantee they’ll go up in price, but there sure as hell is a good chance.
You bet your ass we’re doing this now.
Again, because it bares repeating, buy goods you need now before our weak currency gets priced in the next time stores have to replenish supplies.
4. Stock up in particular on goods you regularly use that come from abroad.
If there is absolutely anything you purchase and use frequently that is manufactured or exported from the States, buy now before prices shoot up. Products from other countries will also see prices go up, but the USD is going to get a lot stronger while the pound gets weaker, and so your sights should be set primarily to stockpile on those items you regularly use or have wanted to get a hold of that come from the States.
Legit, those knives, that price hike is going to happen. You thought the price of knives was high before? They’ve got to get higher. Because we don’t make those here and our suppliers have to make back what they will end up buying them for.
That also, however, means – start stocking up on foreign shampoos, conditioners, soaps, deodorants, razors, toothpaste, mouthwash, etc. that you use regularly and don’t want to be parted from. Anything and everything you can think of that you use on a daily basis – find out if it’s made abroad and if you don’t want to find a local replacement, get your hands on a good quantity before those products go up in price.
That being said, it’s not all doom and gloom – British goods will not increase in price significantly. So don’t bother hoarding bangers and mash. But the price of foods that are imported have a good chance of going up, though not likely by much as they will probably be subsidized by the government.
5. In the upcoming months/years: save money.
Once you’ve got your stockpiles set and everything is to your liking on that front, in the next few months to the next few years, you should be looking to cut costs. Chances are everything will get at least a bit more expensive from here on out, with some thing undoubtedly becoming quite a bit more expensive.
We don’t know how long this economic turmoil will continue, so hope for the best, but of course make sure you’re prepared for the worst.
6. Prepare for the possibility that capital controls may be enacted.
Now this may or may not happen, but be aware that there is a possibility that capital controls may eventually be enacted. The situation would have to get significantly worse before this took place, but if you like to err on the side of caution, consider yourself pre-warned about the possibility.
If capital controls is eventually enacted, at that point, cash withdrawals would be limited (look at Greece as a perfect example). In such a situation, having petty cash (or even huge wads of cash) elsewhere could be useful. If you think capital controls might impact you, prepare for the possibility that they may take place.
7. Potentially claim another citizenship.
A tip directly from Thomas: If you are from Irish stock, you have the right to claim Irish citizenship and he seriously suggests you do so. Ireland is an E.U. member state, and the more options you have, the better.
8. Prepare for the possibility that Scotland and Northern Ireland may leave the United Kingdom.
We all know that likely the only reason Scotland’s referendum resulted in them staying was because they wanted to be a part of the European Union, and leaving the U.K. threatened that. Well now the U.K. will soon no longer a part of the European Union, so that factor’s out of the equation, and so they may leave. There’s word that Northern Ireland is considering taking a leave as well.
Look out for the possibility that Scotland and Northern Ireland may both secede in the near future. If either of these guys leave, it’ll be bad news for the rest of the U.K. economically. If both of them leave, well let’s say the economic ramifications of a Brexit will be felt for the next decade. Hoping it doesn’t come to that.
Looking forward: Things may get considerably worse.
But we didn’t need to tell you that. Just prepare. Stay vigilant. Crack down on parts of your budget that need cracking down on and reallocate funds to prepping.
You have the opportunity to change things for yourself now. We are not saying things will for sure get devastatingly bad, but a decision like this will not leave the U.K. unscathed. Things will become harder. So prepare. Take this moment as the perfect opportunity to get your preps in order, the flash of thunder in the distance before an upcoming storm.
It’s coming. Let’s hope it won’t be too bad.
Please note: Out of respect for our intentions to keep this blog practical, level-headed, non-conspiracy theory laden, and apolitical, I’d like to ask you to please make sure when you hit publish on a comment in the comment’s section below that it’s for the sake of voicing your opinions on practical matters – specifically how UK preppers should proceed now that Brexit is happening. Thank you!