Brexit thread - what happens next

Raikiri · 7 Jul 2016 at 22:07

estebanrey said:
I'm suprised the FTSE250 hasn't fully recovered yet given sales of shares in Saxa must have sky-rocketed with all the extra salt remainers have been producing in the last two weeks.

It's probably the cost of disposing of all the bull**** leavers spout dragging it down.

Caged · 7 Jul 2016 at 22:08

Premier Foods aren't listed on the FTSE250.

estebanrey · 7 Jul 2016 at 22:09

Raikiri said:
It's probably the cost of disposing of all the bull**** leavers spout dragging it down.

Touche...almost, that would put the shares of waste disposal companies up

Raikiri · 7 Jul 2016 at 22:10

estebanrey said:
Touche...almost, that would put the shares of waste disposal companies up

Haha true

a1ex2001 · 7 Jul 2016 at 22:31

estebanrey said:
I'm suprised the FTSE250 hasn't fully recovered yet given sales of shares in Saxa must have sky-rocketed with all the extra salt remainers have been producing in the last two weeks.

Let us asses this contribution:
- is this post clever, funny or unique? No
- is it relevant? No
- is it new/original? No
- is it deliberately antagonistic? Yes
- has the poster repeated similar before? Yes

Troll score 1/10 to obvious bro gotta up yo game!

Amp34 · 7 Jul 2016 at 22:38

I assume it's going up again because Fove has been knocked out of the leadership contest, meaning someone that ostensibly supports remain is likely to become leader?

Usually the pound and ftse pop up when something related to remain and down when something related to leave occurs.

Caged · 7 Jul 2016 at 22:39

How absolutely horrible does it feel to root for May

Stretch · 7 Jul 2016 at 22:41

delta0 said:
It is inevitable that there will be free movement in some form. I also agree that what is the point of leaving. It is the position we are converging on. The only benefit is lower contribution, less regulation and we can get our own free trade agreements. Some big upsides to trade against some big downsides. I'm certain we won't address the immigration issue some feel there is.

The lower contribution is marginal at best. It certainly won't make a real difference to peoples lives.

Most of the regulation comes part-and-parcel of being in the single market. It's there to provide a level playing filed for companies Europe wide, and it would be unworkable to not adhere to that regulation.

As for trade deals. If we're in the single market, I really don't understand how unilateral trade deals can work. If we sign a deal with China for example, which opens up the UK to tariff free imports product X, theoretical the rest of Europe's industry is also expose to cheap imports of that product, since the UK can be used as a proxy to dump goods across the continent.

Unless we can get the rest of Europe on board, it will make our relationship intolerable. And not being in the EU, they are free to terminate our agreement whenever they want.

joeyjojo · 7 Jul 2016 at 22:43

The USA has said no trade deal with the UK until after we sort one with the EU. Maybe Obama was right after all.

One problem is that, since the Out vote, Washington trade officials have become convinced they cannot yet start talks. “A UK-US deal will only be done after a UK-EU deal,” Michael Froman, US trade representative, told the Aspen conference. “It is very hard to think what kind of relationship we will have with the UK until we know what relationship the UK will have with Europe.”

Since any UK-EU deal is unlikely to emerge quickly, any talks between the UK and US are likely to be delayed. There is nothing to prevent informal talks before that but American officials think this is unlikely: the UK does not have enough qualified trade officials and diplomats to start negotiating on several fronts at the same time, Washington observers say. Even for the US, resources might be stretched.

Source: FT.

Jono8 · 7 Jul 2016 at 22:48

Caged said:
How absolutely horrible does it feel to root for May

The whole situation is horrible really. A complete cluster **** of the highest order.

Raikiri · 7 Jul 2016 at 22:49

joeyjojo said:
The USA has said no trade deal with the UK until after we sort one with the EU. Maybe Obama was right after all.

Source: FT.

Something something project fear.

kitch9 · 7 Jul 2016 at 22:53

Raikiri said:
Something something project fear.

What you change stuff do you expect the change to happen by magic the second you decide to change it or do you accept that some stuff that needs changing needs thought, effort and planning and you can't do it by magic?

Raikiri · 7 Jul 2016 at 22:55

kitch9 said:
What you change stuff do you expect the change to happen by magic the second you decide to change it or do you accept that some stuff that needs changing needs thought, effort and planning and you can't do it by magic?

My exact problem with the leave movement is the lack of thought and planning that went into it. There is no plan, there never was.

Jono8 · 7 Jul 2016 at 22:59

kitch9 said:
What you change stuff do you expect the change to happen by magic the second you decide to change it or do you accept that some stuff that needs changing needs thought, effort and planning and you can't do it by magic?

It might have been an idea to have a plan in place so our economy didnt get royally shafted for years whilst we scramble around working out trade deals and how the split from the EU is actually going to work.

Of course no one, not even the leave campaign and Farage thought leave was going to win which is why we are in this mess and why the main leave protaginists have resigned or taken a back seat.

muon · 7 Jul 2016 at 22:59

Raikiri said:
Something something project fear.

The people claiming project fear have also lined up excuses.

They are planning on blaming UK officials for not being good enough, or trying hard enough.

Apparently it's a piece of cake making a trade deal. Not only is it easy, but we have the rest of the world over a barrel and will get amazing trade deals. If UK officials can't do that, they suck.

chroniclard · 7 Jul 2016 at 23:04

There seem to be very very few upsides to leaving, at this point.

muon · 7 Jul 2016 at 23:06

chroniclard said:
There seem to be very very few upsides to leaving, at this point.

Can't you feel the sovereignty?

Bonjour · 7 Jul 2016 at 23:07

I've got some spare sovereignty if anyone needs some.

delta0 · 7 Jul 2016 at 23:08

Stretch said:
The lower contribution is marginal at best. It certainly won't make a real difference to peoples lives.

Most of the regulation comes part-and-parcel of being in the single market. It's there to provide a level playing filed for companies Europe wide, and it would be unworkable to not adhere to that regulation.

As for trade deals. If we're in the single market, I really don't understand how unilateral trade deals can work. If we sign a deal with China for example, which opens up the UK to tariff free imports product X, theoretical the rest of Europe's industry is also expose to cheap imports of that product, since the UK can be used as a proxy to dump goods across the continent.

Unless we can get the rest of Europe on board, it will make our relationship intolerable. And not being in the EU, they are free to terminate our agreement whenever they want.

I don't think the money we pay/saving potential is game changing either.

Many EU countries technically already act as a proxy in this way. Goods are repackaged and assembled frequently within the EU from parts outside. Just look at cars.

Caged · 7 Jul 2016 at 23:08

A silver lining of all of this could potentially be our citizens and politicians having their national pride utterly torn apart and replaced with an ability to critically evaluate strengths and weaknesses of different counties.

It's important to be able to have an honest assessment of where you stand in the world without someone shouting 'traitor' at you. Otherwise you turn up to an international meeting and make a massive tit of yourself.