Brexit thread - what happens next

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robbw77 said:
I knew the economy would suffer if brexit won, it would naive for anyone to think otherwise.
After the Bank of England announcement things are starting to stableize and will continue to do so.
Also another prediction by the IMF before the result stated that if brexit win, GDP would dip to -0.5%
In the recession in 2007 GDP dipped to -7% which caused the loss of thousands of jobs.
a -0.5% will not cause the loss of thousands of jobs and thats without intervention from the Bank of England!
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Do you seriously think that the 'recession' and dip are over, after one single day of trading, when we haven't actually left yet? You think stabilisation has started? The actual cluster ^*+^ hasn't happend yet, wait till we see a deal or delays in making a deal, that is when the problems start.
 
Radox-0 said:
Not joking. Do some countries have structural problems, sure. But you can bet the cost to rescue them will be far less of an issue then it would be to let them collapse. Simply put the EU will not be ending any time soon.
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It cannot 'grow' its way out of these problems yet cannot afford to ditch the badly performing or mismatched economies. Its a sitting duck.
 
robbw77 said:
I knew the economy would suffer if brexit won, it would naive for anyone to think otherwise.

After the Bank of England announcement things are starting to stableize and will continue to do so.

Also another prediction by the IMF before the result stated that if brexit win, GDP would dip to -0.5%

In the recession in 2007 GDP dipped to -7% which caused the loss of thousands of jobs.

a -0.5% will not cause the loss of thousands of jobs and thats without intervention from the Bank of England!
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Stabilise? Nowhere near that!

Any political announcements that are made will have an effect along with Article 50 (if/when). Add that to the lack of investment and the downgrade of our credit rating, you've also got businesses potentially pulling out. I don't think we're anywhere near stabilising anything yet.

And when it all finally settles to a significant loss in GDP, what economy - what trade deals have we got in place to rebuild it? Oh, nothing.

I dont think this is comparable to the recession, this is going to be worse.
 
jimjamuk said:
So a goods embargo starts at 2 tears for every country. Believe me in the interests of both countries goods will continue to flow back and forth under a temp agreement. No one is going to turn round and say stop selling to the UK or stop buying those things we get from the UK in they actually need them. The final trade deals might take 20 years but in the meantime I doubt much will change.
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Who cares about trade, we have our sovereignty back and control of immigration.
 
awaybreaktoday said:
Gove said we have the WTO to fall back on so all is good.
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gove is an idiot, but then I am not saying anything that we didn't already know. He was an idiot when he was in charge of the education department and he doubled his idiot stakes with the garbage he reeled out in this campaign.
 
Hikari Kisugi said:
Do you seriously think that the 'recession' and dip are over, after one single day of trading, when we haven't actually left yet? You think stabilisation has started? The actual cluster ^*+^ hasn't happend yet, wait till we see a deal or delays in making a deal, that is when the problems start.
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Of course not, its going to take months to see the full effects of what has happened.

Im saying that it was a prediction from the IMF and again a prediction without BofE intervention!
 
wildman said:
now show me the guarantees where this is going to happen. It's like all the people preaching at Scotland saying they won't get to join the EU / stay in the EU if they quit the UK without reapplying, but why do you think we can still keep all the deals we had as part of the Eu with other countries when we chose to quit the EU withour having to reneg them on our own as we only got them through the single market membership ? hypocritical much ??..........

oh wait this is where you tell me its not the same because that's the only way you can defend you insane position............
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Supply and demand will continue regardless
 
Salty remain voters still providing the laughs in this thread I see :)

Can't wait for the minute by minute market analysis tomorrow and how any drop tomorrow is a guarantee of long term economic doom
 
wildman said:
exactly this, the EU will be here long after the rotting flesh has fallen from the carcass of the UK, but somehow the brexit brigade thinks the EU will just let itself disintegrate because the UK wants to leave.............
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So God of everything George Soros is a liar?

Thought you remain folk believed in experts?
 
jimjamuk said:
So a goods embargo starts at 2 tears for every country. Believe me in the interests of both countries goods will continue to flow back and forth under a temp agreement. No one is going to turn round and say stop selling to the UK or stop buying those things we get from the UK in they actually need them. The final trade deals might take 20 years but in the meantime I doubt much will change.
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No, we will be reduced to trading along WTO rules which are far less preferable, hence the reason for the trade deal in the first place.

This has been posted before, but I'll post it again.


Forward to about 20 minutes 50.

Why is he wrong, but you can believe Nigel and the other (it will all be fine because...) snake oil salesman?
 
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robbw77 said:
I knew the economy would suffer if brexit won, it would naive for anyone to think otherwise.

After the Bank of England announcement things are starting to stableize and will continue to do so.

Also another prediction by the IMF before the result stated that if brexit win, GDP would dip to -0.5%

In the recession in 2007 GDP dipped to -7% which caused the loss of thousands of jobs.

a -0.5% will not cause the loss of thousands of jobs and thats without intervention from the Bank of England!
Click to expand...


lol stabilise ? they haven't even started to go properly unstable yet. We have seen 1 days trading where the £ took a few face punches, the real pain has yet to start, if you think we are through the unstable period you need your head examined
 
Mark Blyth (the guy who did the Google talks about why austerity is stupid) has his EU opinions, this was previewed a few days ago so might look familiar:

 
wildman said:
lol stabilise ? they haven't even started to go properly unstable yet. We have seen 1 days trading where the £ took a few face punches, the real pain has yet to start, if you think we are through the unstable period you need your head examined
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Indeed

https://www.poundsterlinglive.com/usd/5095-pound-to-dollar-exchange-rate-222311

Going to be a horrible and expensive year :(

GBP to EUR might be more positive though simply because the EURO will take just as much if not more of a beating.
 
jimjamuk said:
Supply and demand will continue regardless
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yes it will and so will juicy trade tariffs that will make our demand much more expensive, which when added to a reduced GDP and general increase in cost of living is going to hurt a lot of people who thought this was going to be the land full of unicorns and rainbows because nige said it would be ok.
 
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