Brexit thread - what happens next

Woden · 27 Jun 2016 at 19:51

Glaucus said:
he must be meeting Trump to decide what to do on the hair front.

It worries me that two of the richest countries in the world could be about to hand over our economies to two men that can't control their hair. Let alone their budget.

datalol-jack · 27 Jun 2016 at 19:51

Mr Jack said:
No, this is almost entirely the Tory's fault. They've spent the past decade talking up immigration as a problem, and using the EU as a scapegoat. Cameron, rather than taking on the Euroskeptics in his party has spent the last ten years throwing them bones in a futile attempt to keep them happy. Then, having buckled to the pressure to promise a referendum, rather than making preparations to win it, he decided it would be a great idea to pretend to make his backing of Remain dependent on negotiating reforms that he'd completely failed to spend his premiership preparing for, or building alliances for. Finally, he decided it would be a great idea to pull the trigger on the referendum at a bad time and fought a poor campaign. Then other Tories stepped up to the plate to really put the knife into the UK; there is something to be said for Gove, IDS and Hannan - at least they actually believed in Leave - but Boris decided to join the Leave campaign purely out of political ambition.

This is a disaster created, gift-wrapped, and delivered, by the Tories.

Cameron should've done a Major, forcing a leadership battle and some skeptic blood-letting; they'd not have lost a lot to Kippers anyway. Another coalition or some confidence and supply arrangement would've been preferable to all this mess.

Tunney · 27 Jun 2016 at 19:51

willems said:
and labour did very little

Labour - for all their incompetence - didn't call a referendum they couldn't win.

Scrutinize · 27 Jun 2016 at 19:52

Hopefully, MPs overrule the referendum, Cameron remains in post and this time next week it's all fixed.

Mr Jack · 27 Jun 2016 at 19:52

CAT-THE-FIFTH said:
<bits about the UK losing its triple-A

Ouch. I guess that was pretty inevitable but I thought it would be longer coming. I don't think it will be last downgrade, we aren't even official in recession yet.

datalol-jack · 27 Jun 2016 at 19:53

Mr Jack said:
Ouch. I guess that was pretty inevitable but I thought it would be longer coming. I don't think it will be last downgrade, we aren't even official in recession yet.

Yep. The outlook is negative.

Naff8000 · 27 Jun 2016 at 19:55

Scrutinize said:
Hopefully, MPs overrule the referendum, Cameron remains in post and this time next week it's all fixed.

If only. Those days seem so far distant now...

.Trooper. · 27 Jun 2016 at 19:55

Mr Jack said:
Ouch. I guess that was pretty inevitable but I thought it would be longer coming. I don't think it will be last downgrade, we aren't even official in recession yet.

Doesn't matter, immigrants are leaving. Country is saved
> 65 year old Alfred and Margaret down the road.

Jono8 · 27 Jun 2016 at 19:55

We are in an absolute stalemate now as well. All our MP's want to get an idea of what deal we might before submitting article 50 yet the EU have all got together today to say "lol, no you submit article 50 first before any talks at all".

Brilliant.

The Running Man · 27 Jun 2016 at 19:56

DC called a referendum and never expected one outcome to come about. How can you give people two choices but only prepare for one eventuality? That's madness.

ps3ud0 · 27 Jun 2016 at 19:56

To put it in perspective we now have a lower credit rating than the EU itself...

ps3ud0 :cool:

do_ron_ron · 27 Jun 2016 at 19:56

Rids said:
Thats what I mean, if Corbyn does somehow manage to hold on then the resulting Labour party is going to be so far to the left they're going to be referring to eachother as Comerade.

If Corbyn can somehow manage to hold on then it will be tenuous and most certainly could in no way 'far to the left' because the number of far left MPs in the Labour ranks are so small they would rattle around in a telephone box. Most of the PLP are Blairite and he knows it, he would be a puppet to their whims.

I just can't imagine what the political climate is going to look like!

Another coalition.

Jono8 · 27 Jun 2016 at 19:57

It all sounds incredibly 'backtracky':

Mr Hannan says the views of Remain voters must be recognised, as should the fact that two out of the four UK nations did not vote to Leave.

"We may need to moderate or temper what we are proposing."

He continues: "We should move, whenever possible, with the consent of our European allies."

And he thinks that it should be possible to "keep going many of the... current arrangements" that the UK has with the EU.

dowie · 27 Jun 2016 at 19:58

do_ron_ron said:
When they realise our Balance of Payments is going to increase that will change.

yet to be seen... we knew it was coming..

we're not going through a financial crisis here, there is simply uncertainty and that is being reflected in the markets, we've got our own free floating currency and it is doing exactly what it is supposed to be doing

it it Italy, Portugal and Greece that have seen yields increase recently... we've seen yields decrease

European stock markets including ours are taking a hit, continental ones more so than us as our equities are denominated in GBP which has been devalued anyway and money is flowing into UK gilts

it is a big event, it serves as a shock to the market and the result isn't exactly unexpected

it isn't the end of the world though and nor is it 2008

grudas · 27 Jun 2016 at 19:59

In 5 years it'll be fine" said by the same bunch that voted out!

Have fun loosing money, getting pay cuts and forcing to others pay for your uninformed vote.

datalol-jack · 27 Jun 2016 at 19:59

ps3ud0 said:
To put it in perspective we now have a lower credit rating than the EU itself...

ps3ud0

Don't... right in the feels... stop

bayo000 · 27 Jun 2016 at 19:59

datalol-jack said:
The Rock rises! This is almost as good as Crusader Kings 2 with all the mods on.

I love that game! Shame it takes so long.

dowie · 27 Jun 2016 at 19:59

Jono8 said:
It all sounds incredibly 'backtracky':

Mr Hannan says the views of Remain voters must be recognised, as should the fact that two out of the four UK nations did not vote to Leave.

"We may need to moderate or temper what we are proposing."

He continues: "We should move, whenever possible, with the consent of our European allies."

And he thinks that it should be possible to "keep going many of the... current arrangements" that the UK has with the EU.

in what way - he's never been against immigration, what do you believe he specifically has backtracked on?

toshj · 27 Jun 2016 at 20:00

Jono8 said:
It all sounds incredibly 'backtracky':

Mr Hannan says the views of Remain voters must be recognised, as should the fact that two out of the four UK nations did not vote to Leave.

"We may need to moderate or temper what we are proposing."

He continues: "We should move, whenever possible, with the consent of our European allies."

And he thinks that it should be possible to "keep going many of the... current arrangements" that the UK has with the EU.

He does sound like he's quelling an immediate reaction - good. Also he's at least not hiding like Borris and that little weasel Gove. I don't really like Hannan but he's a decent speaker.

CAT-THE-FIFTH · 27 Jun 2016 at 20:02

The irony is that £250 billion the Bank of England made available is probably going to end up in the pockets of more of the very rich anyway.