BREXIT - Is This Really Still Rumbling On? 😴

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Comments

  • surrey_commuter
    surrey_commuter Posts: 18,867
    Joelsim wrote:
    In two hours the UK economy has lost $350 BILLION. That’s equivalent to 40 years of EU contributions.

    Sterling crashed already.

    AAA rating likely to be lost immediately.

    Tax rises inevitable.

    Well done to everyone who voted to leave.

    Now we'll all pay the price for your utter stupidity.

    I am no expert but know enough.

    Stock market crashing is more of a symptom (we know the cause ) so not too much to worry about.

    Sterling crashing is likely to increase inflation. History suggests exports unlikely to be boosted so balance of payments will worsen earning govt needs to borrow more money.

    AAA rating falling is bad news. We pay £46bn a year in interest so this could go up a lot.

    Tax rises and more spending cuts almost inevitable.
  • mamba80
    mamba80 Posts: 5,032
    Disastrous for the country, Cameron has announced his resignation, though how he ll last 'til October is anyone's guess.

    Repeat what others have said, we should never have been given this and its our younger generation, who voted overwhelmingly to stay that will be paying for this.

    Now a power grab by the very rich elite to become PM and they wont give a 4X about our future relationship with Europe, just their own ego's
  • norvernrob
    norvernrob Posts: 1,448
    I'm amazed there is so much surprise on here, and so much arrogance. That by the way is why Remain lost. They never listen.
  • seanoconn
    seanoconn Posts: 11,673
    Yay, let's panic and make it worse.
    Pinno, מלך אידיוט וחרא מכונאי
  • Stevo_666
    Stevo_666 Posts: 61,407
    ddraver wrote:
    Given that the Tory party will likely go in to meltdown now, is there not a part of that think perhaps you should actually have voted for someone half way competent..?
    Like who?

    Anyway - it is what it is and from chaos comes opportunity.
    "I spent most of my money on birds, booze and fast cars: the rest of it I just squandered." [George Best]
  • finchy
    finchy Posts: 6,686
    verylonglegs wrote:
    I wonder who all those disgruntled northerners will blame in a few years time when the £15ph jobs they thought they'd be getting by leaving don't materialise.

    Immigrants, of course.
  • surrey_commuter
    surrey_commuter Posts: 18,867
    seanoconn wrote:
    Yay, let's panic and make it worse.

    No panic yet - just people selling off UK assets because they think UK economy will go backwards. Also for overseas investors they want out of Sterling priced assets.

    Maybe we could have a referendum on what to do.

    1)Raise interest rates and have an emergency budget to inspire market confidence boost the pound and ease inflation fears

    2) Lower interest rates and pump money into the economy to avoid a recession

    3) hope it will all blow over

    Only joking the Brexiteers have had 20 years to plan for this so will have an action plan ready to kick in.
  • Bobbinogs
    Bobbinogs Posts: 4,841
    It will be interesting to see what this vote does around the world. Spain are being touted as following suit, Scotland and Wales voted to Remain but may be dragged out...

    David Cameron, what an idiot! He made the biggest gamble of the country for personal gain. I suspect this was mainly about arrogance in that he didn't have to get involved but felt he couldn't lose and would therefore go down in history as a truly great PM (the chap who negotiated a great deal and kept us in...but he forgot the direct parallels with Chamberlain after he ended up with a worthless agreement that no one actually understood).

    Well, he has gone down in history... as the world's biggest idiot in that he alone had the best chance to diffuse the immigration timebomb prior to the EU vote...and instead has seen it rocket uncontrollably. He oversaw the whole refugee fiasco and that, along with the threat of a million Turks coming here was enough to sway the average bloke. I don't think DC actually understood the average bloke though, never will, fatal mistake for a politician.
  • mamba80
    mamba80 Posts: 5,032
    NorvernRob wrote:
    I'm amazed there is so much surprise on here, and so much arrogance. That by the way is why Remain lost. They never listen.

    No surprise from me, but its our younger generation that will be paying for this and the only arrogance is from Cameron, an upper class twit.

    Most people inc me, do not have enough time or understanding to make momentous decisions, like remaining in NATO, Trident, UN security council seat, death penalty.

    we had this vote for one reason only, for a Tory win in 2015, short term gain, long term pain, we ll see inflation rise, led by fuel price rises and imported goods, inc bikes, clothing spares, holidays etc
    as our pensions are held in stocks and shares, we ll take the hit there too.

    5 years down the line? who knows.
  • rolf_f
    rolf_f Posts: 16,015
    Pross wrote:
    As there must now surely be a risk of Scotland leaving the Union that means that Tory governments are likely to be even more prevalent.

    Doesn't make as much difference as you'd think - I think one or two Labour governments at most since the war have depended on the Scottish vote. And I think the UK (UK - that now has a very hollow ring to it :roll: ) would never want to keep any government in for too long anyway so in theory, more people would vote Labour in England and Wales if Scotland was out.

    I think the problem is more the Labour party repeatedly finding hopelessly unelectable leaders at the very times when you'd think that by rights the Conservatives would stand no chance.
    Faster than a tent.......
  • bobmcstuff
    bobmcstuff Posts: 11,435
    NorvernRob wrote:
    I'm amazed there is so much surprise on here, and so much arrogance. That by the way is why Remain lost. They never listen.

    Not too surprised given how close the polls were, but very disappointed for sure (as I am sure the other side would be were the result reversed).
  • mrfpb
    mrfpb Posts: 4,569
    The pound is a little lower against the dollar than it was a week ago, and a bit more lower than it was in April when campaigning kicked off . The fact is it spiked up yesterday when markets thought remain would win. Fluctuations over a day are not a great guide to long term stability.

    The BoE has for two years been failing to raise inflation to it's 2% target. When you look at the amount of money printed through QE and long term low rates this is surprising. His last inflation report predicted it would be two more years before inflation hits 2%. Clearly that report is now out of date, but screaming and shouting about rising inflation is just panic for effect/headlines. Some may even call it scaremongering, but I couldn't possibly comment.
  • iPete
    iPete Posts: 6,076
    So, when does London get to have its referendum?
    http://www.bbc.co.uk/news/uk-politics-e ... m-36526298
  • ddraver
    ddraver Posts: 26,697
    Stevo 666 wrote:
    ddraver wrote:
    Given that the Tory party will likely go in to meltdown now, is there not a part of that think perhaps you should actually have voted for someone half way competent..?
    Like who?

    Anyway - it is what it is and from chaos comes opportunity.

    Tweets suggesting things are afoot either way...
    We're in danger of confusing passion with incompetence
    - @ddraver
  • pblakeney
    pblakeney Posts: 27,328
    iPete wrote:
    So, when does London get to have its referendum?
    http://www.bbc.co.uk/news/uk-politics-e ... m-36526298
    "20% want to break away".
    A better story than 80% want to stay?
    The above may be fact, or fiction, I may be serious, I may be jesting.
    I am not sure. You have no chance.
    Veronese68 wrote:
    PB is the most sensible person on here.
  • pblakeney
    pblakeney Posts: 27,328
    The EU is in danger of unravelling. Apparently.
    Ahead of the game and looking like our choice? Just trying to find a silver lining.
    The above may be fact, or fiction, I may be serious, I may be jesting.
    I am not sure. You have no chance.
    Veronese68 wrote:
    PB is the most sensible person on here.
  • iPete
    iPete Posts: 6,076
    PBlakeney wrote:
    iPete wrote:
    So, when does London get to have its referendum?
    http://www.bbc.co.uk/news/uk-politics-e ... m-36526298
    "20% want to break away".
    A better story than 80% want to stay?

    Whilst my post was tongue in cheek, I'm fairly sure that number would be very different today.
  • Pross
    Pross Posts: 43,463
    Bobbinogs wrote:
    It will be interesting to see what this vote does around the world. Spain are being touted as following suit, Scotland and Wales voted to Remain but may be dragged out...

    Wales voted out, did you mean Northern Ireland?
  • Pross
    Pross Posts: 43,463
    Does the Representation of the People Act still include 'idiots' and 'lunatics when not in a lucid period' as barred groups for voting purposes? If so I think there should be a legal challenge on the result ;)
  • surrey_commuter
    surrey_commuter Posts: 18,867
    Pross wrote:
    Bobbinogs wrote:
    It will be interesting to see what this vote does around the world. Spain are being touted as following suit, Scotland and Wales voted to Remain but may be dragged out...

    Wales voted out, did you mean Northern Ireland?

    More good news

    A United Ireland would save us £7bn per annum.
    Scotland leaving will save us a bit more
  • bobmcstuff
    bobmcstuff Posts: 11,435
    Surrey Commuter wrote:
    Pross wrote:
    Bobbinogs wrote:
    It will be interesting to see what this vote does around the world. Spain are being touted as following suit, Scotland and Wales voted to Remain but may be dragged out...

    Wales voted out, did you mean Northern Ireland?

    More good news

    A United Ireland would save us £7bn per annum.
    Scotland leaving will save us a bit more

    Although when London gets independence from the rest of the UK it'll be a bit of a problem... Seems to be a lot of support for that idea this morning...
  • Bobbinogs
    Bobbinogs Posts: 4,841
    Surrey Commuter wrote:
    Pross wrote:
    Bobbinogs wrote:
    It will be interesting to see what this vote does around the world. Spain are being touted as following suit, Scotland and Wales voted to Remain but may be dragged out...

    Wales voted out, did you mean Northern Ireland?

    More good news

    A United Ireland would save us £7bn per annum.
    Scotland leaving will save us a bit more

    Ah yes, my mistake. I must admit I was a bit surprised.

    Scotland will need to be careful what they wish for, I cannot see how they can be independent from the UK and part of the EU without taking the Euro. Without England propping up the finances that could be a tough future, possibly?

    London? Well, that has always been different to the UK in a way. The media always seems to talk about London as if it was a different country to the rest of us.
  • surrey_commuter
    surrey_commuter Posts: 18,867
    Bobbinogs wrote:
    Surrey Commuter wrote:
    Pross wrote:
    Bobbinogs wrote:
    It will be interesting to see what this vote does around the world. Spain are being touted as following suit, Scotland and Wales voted to Remain but may be dragged out...

    Wales voted out, did you mean Northern Ireland?

    More good news

    A United Ireland would save us £7bn per annum.
    Scotland leaving will save us a bit more

    Ah yes, my mistake. I must admit I was a bit surprised.

    Scotland will need to be careful what they wish for, I cannot see how they can be independent from the UK and part of the EU without taking the Euro. Without England propping up the finances that could be a tough future, possibly?

    London? Well, that has always been different to the UK in a way. The media always seems to talk about London as if it was a different country to the rest of us.

    Scotland are stuck until the oil price improves
  • bobmcstuff
    bobmcstuff Posts: 11,435
    Surrey Commuter wrote:
    Bobbinogs wrote:
    Surrey Commuter wrote:
    Pross wrote:
    Bobbinogs wrote:
    It will be interesting to see what this vote does around the world. Spain are being touted as following suit, Scotland and Wales voted to Remain but may be dragged out...

    Wales voted out, did you mean Northern Ireland?

    More good news

    A United Ireland would save us £7bn per annum.
    Scotland leaving will save us a bit more

    Ah yes, my mistake. I must admit I was a bit surprised.

    Scotland will need to be careful what they wish for, I cannot see how they can be independent from the UK and part of the EU without taking the Euro. Without England propping up the finances that could be a tough future, possibly?

    London? Well, that has always been different to the UK in a way. The media always seems to talk about London as if it was a different country to the rest of us.

    Scotland are stuck until the oil price improves

    I don't think they are stuck, Sturgeon is going to use this as evidence that they need another referendum and this time they will win it decisively.

    One of the reasons I wanted to stay in when I voted in the Scottish referendum was so we would get their votes in the EU referendum (because I'm English anyway and knew I was only living in Scotland for a few years). The Scots want to stay in the EU by a wide margin and economic arguments will not matter, in the same way that they have not mattered to English Brexiters.
  • haydenm
    haydenm Posts: 2,997
    Surrey Commuter wrote:
    Bobbinogs wrote:
    Surrey Commuter wrote:
    Pross wrote:
    Bobbinogs wrote:
    It will be interesting to see what this vote does around the world. Spain are being touted as following suit, Scotland and Wales voted to Remain but may be dragged out...

    Wales voted out, did you mean Northern Ireland?

    More good news

    A United Ireland would save us £7bn per annum.
    Scotland leaving will save us a bit more

    Ah yes, my mistake. I must admit I was a bit surprised.

    Scotland will need to be careful what they wish for, I cannot see how they can be independent from the UK and part of the EU without taking the Euro. Without England propping up the finances that could be a tough future, possibly?

    London? Well, that has always been different to the UK in a way. The media always seems to talk about London as if it was a different country to the rest of us.

    Scotland are stuck until the oil price improves

    Agreed. We might end up with a 'Scottish Pound' linked to the GBP which will be equally useless if the entire rUK is in recession. My personal interests would have the pound drop through the floor however
  • joelsim
    joelsim Posts: 7,552
    bobmcstuff wrote:
    Surrey Commuter wrote:
    Pross wrote:
    Bobbinogs wrote:
    It will be interesting to see what this vote does around the world. Spain are being touted as following suit, Scotland and Wales voted to Remain but may be dragged out...

    Wales voted out, did you mean Northern Ireland?

    More good news

    A United Ireland would save us £7bn per annum.
    Scotland leaving will save us a bit more

    Although when London gets independence from the rest of the UK it'll be a bit of a problem... Seems to be a lot of support for that idea this morning...

    I'm all for that today. At least we won't have to subsidise those who've voted to leave any more.
  • pblakeney
    pblakeney Posts: 27,328
    bobmcstuff wrote:
    I don't think they are stuck, Sturgeon is going to use this as evidence that they need another referendum and this time they will win it decisively.
    I wonder how those who voted No last time in order to keep the status quo feel this morning.
    A re-run is inevitable, as long as the EU has not unravelled.
    The above may be fact, or fiction, I may be serious, I may be jesting.
    I am not sure. You have no chance.
    Veronese68 wrote:
    PB is the most sensible person on here.
  • Anonymous
    Anonymous Posts: 79,667
    PBlakeney wrote:
    bobmcstuff wrote:
    I don't think they are stuck, Sturgeon is going to use this as evidence that they need another referendum and this time they will win it decisively.
    I wonder how those who voted No last time in order to keep the status quo feel this morning.
    A re-run is inevitable, as long as the EU has not unravelled.

    I don't think Scotland will rush into a referendum to leave the UK to possibly join a crumbling EU which could leave them out in the cold. If there is a reaction from other states wanting to follow our lead, ie Holland and France then the EU will not look so rosy compared to staying in the relative security of remaining in the UK.
  • orraloon
    orraloon Posts: 13,227
    Maglia Rosa wrote:
    PBlakeney wrote:
    bobmcstuff wrote:
    I don't think they are stuck, Sturgeon is going to use this as evidence that they need another referendum and this time they will win it decisively.
    I wonder how those who voted No last time in order to keep the status quo feel this morning.
    A re-run is inevitable, as long as the EU has not unravelled.

    I don't think Scotland will rush into a referendum to leave the UK to possibly join a crumbling EU which could leave them out in the cold. If there is a reaction from other states wanting to follow our lead, ie Holland and France then the EU will not look so rosy compared to staying in the relative security of remaining in the UK.

    Met any Scots people and asked them how they view the English Westminster elite?
  • orraloon
    orraloon Posts: 13,227
    And given the NI vote, bring on another referendum, this time with added paramilitaries.

    http://www.independent.co.uk/news/uk/po ... 99276.html

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