Brexit thread - what happens next

[Mr Jack]

If you look at the yearly graph you'll feel a bit better, it's at Feb 2016 levels.

You do realise that the only reason it hit such lows in February was due to Brexit concerns regarding Cameron's re-negotiation, right? Going, don't worry this Brexit has only - so far - caused as much harm as the last time Brexit tanked our exchanges isn't much of a re-assurance. On previous occasions, the markets recovered as people starting thinking Brexit was less likely, that won't happen this time.

 

[wildman]

http://www.cityam.com/244217/trading-suspended-barclays-and-rbs-uk-bank-shares

it's ok though as Barclays are now trading in Sovereignty..................

 

[Akagi]

Those hoping or holding out for a 2nd Referendum can stop waiting: -

My hope is getting thinner...

Moving out of the country looking more appealing each moment...

 

[Hotwired]

Does this mean I should convert my savings into USD before things get worse?

yup and yet the world hasn't ended and money is still flowing into UK gilts...

The two are connected...

 

[Zethor]

If you look at the yearly graph you'll feel a bit better, it's at Feb 2016 levels.

It rose only because Remain was expected to win. It can only go down from now on. Who would invest in such a climate of uncertsinity?

 

[phil675]

I'd like a properly federalised United States of Europe, with an elected president, a single foreign policy, fiscal transfer between states, and national governments holding powers similar the devolved administrations of the UK, and more accountable and powerful sub-state bodies in the UK more similar to the kind of federalised structure Germany has.

Why do you want this? I don't understand how being absorbed into an empire when we hold a strong position on our own is attractive.

 

[do_ron_ron]

China have already said it will take 10 years for a trade deal to be established after we have left.

Yes but they will wait until after we have negotiated with the EU to see what access we have to the single market. So that's 2038 by my reckoning, if we put China's negotiations first after the EU.

 

[kitch9]

FTSE 250 down 13% since Thursday. Nothing to worry about, right? Project fear or perhaps project reality?

The cynic in me, says that the same bankers who caused the crash of 2008 and are fiercely remain voters are using their biases to influence their investors negatively to create a "told you so," scenario.

They are a bunch of self fellating ******* after all.

 

[deuse]

Those hoping or holding out for a 2nd Referendum can stop waiting:

David Cameron's official spokeswoman said earlier that last Thursday's vote was "decisive" and the government's focus was now on delivering on it.

A petition on the parliamentary website calling for a second referendum has attracted more than 3.7 million signatures.

But asked whether the issue of a re-run referendum was discussed at cabinet, David Cameron's spokeswoman said: "That is not remotely on the cards."

Close thread

 

[Tunney]

If you look at the yearly graph you'll feel a bit better, it's at Feb 2016 levels.

 

[leaskovski]

It hasn't been lowered

You know what, you are right. It hasn't been lowered yet...

http://www.bbc.co.uk/news/uk-politics-eu-referendum-36626201

The outlook has been lowered, meaning that there is a high chance that it will be adjusted.

My bad! I thought I heard that they had lowered it, not just adjusted the outlook.

 

[do_ron_ron]

I don't think we even have enough smaller craft of a suitable type in the Navy to supplement them without leaving our larger ships without escorts and pulling them off things like commercial shipping protection.

There was a recent article in Private Eye about this and they listed the craft we have and where they are. None are in the Channel.

 

[deuse]

You know what, you are right. It hasn't been lowered yet...

http://www.bbc.co.uk/news/uk-politics-eu-referendum-36626201

The outlook has been lowered, meaning that there is a high chance that it will be adjusted.

My bad! I thought I heard that they had lowered it, not just adjusted the outlook.

Again it hasn't been lowered. Project FEAR.

 

[Robbo]

So, looking at the comments from Boris it's clear he's bottled it.

Talking about a "narrow majority" like he's backtracking - in a referendum like this, the size of the majority doesn't matter.

It's also highly unlikely we'll get any sort of new EU deal without accepting the free movement of people, we can try and make it ugly, but will ultimately end up worse off.

My initial thoughts are that this whole EU referendum was a farce and I can see parliament conspiring to ignore it, and keep us in. The only problem there is the EU will try and shaft us for wanting to leave in the first place.

Hm.

Boris and co need to come out and say something a bit more detailed than they are at the moment, they aren't helping matters...

 

[Bonjour]

Close thread

Isn't this thread to discuss the ramifications of leaving the EU?

 

[Akagi]

Close thread

Ban deuse.

 

[joeyjojo]

I truly believe a lot of those who voted Out think the NHS receives too much funding, which is blatantly squandered and hope to see massive reforms or privatisation of it. My wife works in a job that services the NHS and the waste is extraordinary, the service mediocre, to third world, depending where and when one is unfortunate enough to fall ill or suffer an accident.

It doesn't matter if you believe that, you're wrong. You just have to glance at the numbers:

The total expenditure on healthcare as a proportion of GDP in 2013 was 8.5%, below the OECD average of 8.9% and considerably less than comparable economies such as France (10.9%), Germany (11.0%), Netherlands (11.1%), Switzerland (11.1%) and the USA (16.4%).

https://en.wikipedia.org/wiki/Healthcare_in_the_United_Kingdom

I don't get why this has come up when discussing the EU referendum anyway.

 

[DB_SamX]

Why? Seriously why. We have 66 million people here to do a flipping job, and 3.54 million of those don't even have one.

Just because they are there, doesn't mean they are the best ones to do the jobs. Besides, doesn't mean they will want to anyway. Examples below (and that's only low skill work who any physically-able local could do):
https://www.theguardian.com/uk-news/2015/jun/13/farmers-fear-eu-referendum
http://www.herefordtimes.com/news/1...rm_work_unemployed_and__lazy__brits_won_t_do/
http://www.ft.com/cms/s/0/342745b4-6309-11e2-8497-00144feab49a.html#axzz4CmmYUChJ

What companies are going to want to employ staff based on only what's available locally, as opposed to wanting the best, regardless of where they're from. As manager, I know I wouldn't; I would want the best I can get.

 

[Caged]

The cynic in me, says that the same bankers who caused the crash of 2008 and are fiercely remain voters are using their biases to influence their investors negatively to create a "told you so," scenario.

They are a bunch of self fellating ******* after all.

No they are driven by profit. Why would they deliberately cause themselves problems?

 

[Bonjour]

Again it hasn't been lowered. Project FEAR.

Or Project Reality, as it's now known.