Caporegime
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Just me or has the ftse just finished at 6500 indicating growth to 7000 if you follow the charts?
Brexit thread - what happens next
- Thread starter Gilly
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Soldato
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Have some idea of what? We are still in Europe, do you suggest that people should rethink their vote on the reaction straight after the referendum?
Or should we wait and give the negotiations a chance rather than a second knee jerk referendum?
I am please that Theresa May has made it clear that there can be no back track.
Soldato
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Soldato
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Joking aside, it's pretty shameful tbh.
remember too they're denominated in GBP.... which has been devalued, so there is still a short term hit
(though that is the nice thing about having our own free floating currency to take a bit of the shock rather than joining the euro as some of the most adamantly pro-EU politicians would have had us do previously)
still the market turmoil give some remain voters the opportunity to sneer at leave voters and feel smug for a few days... reality is some form of trade deal probably will be done and the whole project fear thing will likely turn out to be a load of nonsense
This whole situation is so stupid.
None of the 'promises' have been upheld, we have a ridiculous choice of PM given that the main campaign leader decides to do a runner and now it seems we won't be able to negotiate anything until after the 2 year exit period?
What the actual **** guys?
None of the 'promises' have been upheld, we have a ridiculous choice of PM given that the main campaign leader decides to do a runner and now it seems we won't be able to negotiate anything until after the 2 year exit period?
What the actual **** guys?
"the reality is" - Seriously , do you even listen to yourself? "probably", "likely".
What is going on now is REAL. It is happening. Our economy is going to go down the **** for years if we leave the EU. Most people are losing money one way or another and everyone is feeling the negative implications of this vote.
You still seem to be living in your pie in the sky world that everything might be ok or might be better with absolutely zero guarantee of that ever being the case.
I can't agree. Osborne should immediately go, and ideally Lagarde too (up to the referendum vote, she has got more than enough wrong to partially undermine the credibility of the IMF to warrant her resignation). Osborne and Lagarde are in a much more influential and important position than the regular commentator. Nevermind if the UK should exit the EU or not, that is not the point at all. First of all comes stabilizing the economy, and mitigating any shocks as best as possible. Those two actually did the precise opposite: They tried to hype up in the eyes of the market the negative impact of a leave vote. That is completely unforgivable and runs exactly counter to wise economic management.
Before the vote Osborne made a series of near-hysterical comments about the consequences of an out vote, simply for narrow political advantage, and he did not seem to stop to consider how his remarks will influence market expectations, and the negative impact on the real economy. Leaving the EU is likely to have a short term negative impact on the real economy, and it was Osbourn's job, first and formost, to mitigate that as much as he could.
Lagarde is similarly guilty of issuing over the top and exaggerated comments.
I can not emphasise enough how important it is that individuals like chancellors, and heads of vital organizations like the IMF issue statements that are measured, proportionate and reasonable. Managing market expectations, and off-setting shocks (be they Brexit, the banking crisis of 2008 and so on) is an essential job of such individuals. In almost every count, Osborne and Lagarde failed, and with that their credibility in the eyes of the markets.
That is really one direction this whole comedy show could easily go.
Seriously?
In my view, for what it's worth, yes it is. The question is how policy makers can best mitigate such shocks. What they should never do is try to load up the negative impact of shock, to inflate and amplify for narrow political advantage. That is grossly irresponsible, and not befitting of anyone in high office.
“If you want a picture of the future, imagine a boot stamping on a human face—for ever.”
DC had what a year to get all this information out there...
ps3ud0
He tried but everyone labelled it "project fear" and Gove told us not to listen to experts. So everyone took a dump on their own back lawn.
Yep, I didn't vote for who would run the current elected party post referendum I voted to leave the EU?
If you cant comprehend what the vote was for then that's a shame
Yip, if all this crap comedy show keeps rolling along it starts to push the actual leave vote in the background, and looking forgot about.
We will start to see in the coming weeks leave voters getting ****ed off because they won their vote and **** all is happening.
Not sure you are 100% on it being 55% of our trade, at least not from what I have read.
1. The EU is the largest trading partner of the UK. It accounted for 44% of the UK’s goods and services exports in 2015, though this figure has decreased compared to previous years. It also delivered 53% of the UK’s imports. Taken from full fact.
2. Also worth pointing out that experts have said that due to the Rotterdam effect, our actual trade could be between 2% -7% less than the actual figures of 44% given above.
Edit - Your figure was correct as of 2014, but as of 2015 it was 44%. Perhaps a indicator of a shrinking EU in terms of trade.
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