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If you need physical money the best notes are from that Halifax clarity using an ATM at 1.17
Brexit thread - what happens next
- Thread starter Gilly
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If you need physical money the best notes are from that Halifax clarity using an ATM at 1.17
If anything is a dictatorship, it is the EUROzone and its Currency, eventually it would have included everyone but ourselves and the Scandis (no doubt).
The focus would be entirely on keeping it stable and we would ultimately be an instability factor for it, leading everyone else in the Council away from us, in effect we would have lost power anyway.
Also the pressure on moving London power elsewhere would have eventually been capitalised on within the EU regardless, effectively slowing us down and making us more reliant.
Soldato
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[TW]Fox;29759908 said:If you need physical money the best notes are from that Halifax clarity using an ATM at 1.17
The interest from day one on withdrawal means you will not get the full rate, and I have never quite managed to work out, just what hit you take, as it probably depends in part on how long until billing period, as purchases have zero interest.
The withdrawal, even when set to pay full balance attracts an addition in the follow month, doesn't it?
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Caporegime
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Why am I reading this in Christopher Walken's voice?
He didn't kill someone random and he shouted "Britain First" when he did it ffs. So please don't just dismiss it as the result of someone being mentally ill.
Our biggest exports are financial services of which most is EU related. Oh well.
Nicely side stepped. But again, which is it?
Is the EU a nasty dictatorship whereby we have no say and have to have reforms and rules dictated to us whether we vote for or against them, or is it as you say, an organisation whereby if just one country disagrees, new reform or legislation can't be made?
No, more damage is to talk the economy down let most have been doing, everyone is talk it down stuff that hasn't happened yet. If we continue to talk the UK economy down then people will stop investing. There is more damage to the economy via negative predictions than really should happen.
We didn't even try - Cameron's attempts were weak at best and with little in the way of a bargaining chip than a future referendum that no one seriously thought would go to a leave win. As one of the biggest players who brings a serious amount of wealth and ability to create wealth to the union ultimately we do have a fair amount of clout when it has the right weight behind it.
I mean they (the EU) literally laughed at the possibility of a leave win a few months ago.
Now we have outplayed our hand and left the EU with little choice but a petulant "Well leave then" response.
The other key issue I've noticed on this thread is claiming that sterling dropping is a good thing. Exports will rise etc.
That is partially correct, exports do have a price pressure to increase from a level because the exchange rate represents the price of UK goods and services. Note, not everything can be exported.
Like anything a price is the result of supply and demand. The exchange rate has dropped because:
- The domestic economy will slow down, and so domestic consumption of goods and service will fall. These additional goods/services will have to be exported in the short term (before businesses can change their capacity). This supply increase pushes prices of UK goods/services down (in both sterling and dollars).
- Leaving the EU is expected to add trade and political barriers making it more difficult for the UK to export in the short term. This consequential reduction in demand again applies pressure for the price of UK goods/services to fall.
The key takeaway, is that sterling falling is a natural mechanism of the market to reach an equilibrium. It does not mean we are better off than before.
That is partially correct, exports do have a price pressure to increase from a level because the exchange rate represents the price of UK goods and services. Note, not everything can be exported.
Like anything a price is the result of supply and demand. The exchange rate has dropped because:
- The domestic economy will slow down, and so domestic consumption of goods and service will fall. These additional goods/services will have to be exported in the short term (before businesses can change their capacity). This supply increase pushes prices of UK goods/services down (in both sterling and dollars).
- Leaving the EU is expected to add trade and political barriers making it more difficult for the UK to export in the short term. This consequential reduction in demand again applies pressure for the price of UK goods/services to fall.
The key takeaway, is that sterling falling is a natural mechanism of the market to reach an equilibrium. It does not mean we are better off than before.
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Well it will, Germany is the only real bankroll the EURO has, France is broke, Italy is Broke, Spain is Broke, Greece is mega broke... etc etc.
Well the tune has change from the EU about the UK leaving, now its about staying.
Interesting clairvoyance abilities you have.
Currencies aren't bankrolled. Fiat currencies are notional things which enable trade between people buying and selling goods (both today and in the future).
The strength of an economy is what fundamentally affects non-reserve currencies (and where currency manipulation isn't taking place).
http://ec.europa.eu/eurostat/tgm/table.do?tab=table&init=1&language=en&pcode=teina011&plugin=1
The German economy isn't the star performer you think it is.
Those guys aren't worrying at all about this. Osborne has given big assurances.
http://www.telegraph.co.uk/news/0/natos-united-front-under-threat-after-greece-signs-arms-deal-wit/
This is what the EU is doing.
This is what the EU is doing.
Soldato
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His successor might have different ideas, and that's a potential political risk, if the Submarine gets sunk in September.
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