[Politics] Brexit

[larus]

Nobody was saying the economy was going to crash within 24 hours of the vote - it has always been the case that when a currency weakens the country's exports will become more affordable. I think most of the experts were suggesting the economy would start to tank once Article 50 was invoked.

One sure-fire way of strengthening Sterling now would be for Theresa May to announce that Parliament will vote to decide on whether to invoke Article 50.

There were loads of experts saying that there would be consequences as soon as we voted for Brexit, 2 prime examples the £30bln emergency budget and Mark Carney saying the interest rates would have to rise which would cause a house price crash.

This is just market froth - there is no Brexit yet, christ, it's approx 30 months away. Markets aren't sensible and have a herd mentality. Who's to say that in 3 months time there won't be more EURO problems with Greece or Italian banks going bust, etc.

 

[vegster]

Great news! Theresa May will NOT allow a vote on the possible terms of our deal to leave the EU. It'll be up to FOUR people (the three Brexiteers, plus May). Is this what Leave voters meant by "taking back control"?

It's truly frightening that the fate of the nation lies in the hands of Messrs Johnson,Fox and Davies... Is it any wonder the Pound is sliding?

 

[studio150]

It's truly frightening that the fate of the nation lies in the hands of Messrs Johnson,Fox and Davies... Is it any wonder the Pound is sliding?

Sinking

 

[ditchy]

There will be more problems ahead in the EU with the demise of Deutsche Bank . its looking unlikely that they will be not able to negotiate any reduction from their fine by the US dept of justice over their handling and selling of mortgage baked securities during the crash . They have been fined 18 Billion USD .. in context Goldman Sachs were fined $ 4 bill i believe .

 

[BigGully]

This is just more vague saloon bar waffle though. Care to elaborate a bit?

Which bit, seems more coherent than you just making up a scenario ?

Which to you is the main indicator of the UK's economy's performance and how do you associate it exclusively with Brexit or Remain ??

What is it, Sterling, FTSE, Ryanair Fares, Unemployment, Interest Rates ??

Or do you flit between all of them depending where the bad news is ?

 

[Pavilionaire]

There were loads of experts saying that there would be consequences as soon as we voted for Brexit, 2 prime examples the £30bln emergency budget and Mark Carney saying the interest rates would have to rise which would cause a house price crash.

This is just market froth - there is no Brexit yet, christ, it's approx 30 months away. Markets aren't sensible and have a herd mentality. Who's to say that in 3 months time there won't be more EURO problems with Greece or Italian banks going bust, etc.

The George Osborne 'Emergency Budget' wasn't cogent analysis of market behaviour, it was downright, last ditch scaremongering to try and frighten voters into voting REMAIN. As such it ranks as one of the worst bits of electioneering in the last 50 years of British politics. To underline this shameful fact George Osborne's political career is now in tatters. Indeed, Brexiteers cling to his apocalyptic Emergency Budget predictions as some sort of vindication that rumours of pain were a lie.

As for Carney, he was the first to react to the news of the LEAVE vote by remaining calm, then overseeing a REDUCTION in interest rates.

With Labour and the Lib Dems at rock bottom they have nothing to lose by challenging May on her hard Brexit stance and if they find that insisting on a Parliamentary vote over Article 50 gains traction with voters it's entirely possible they'll fight tooth and nail for it. They already have every SNP MP on their side and 16 million UK remainers too.

 

[smeg]

Great news! Theresa May will NOT allow a vote on the possible terms of our deal to leave the EU. It'll be up to FOUR people (the three Brexiteers, plus May). Is this what Leave voters meant by "taking back control"?

I think you will find that the bulk of leavers on here will be just fine with that, we have our sovereignty back so big decisions by British people is better than big decisions by those corrupt foreign dictators from all over the shop. As long as we close our borders to extremists, plough a few quid into the NHS and get 'our country' back it will be mission accomplished and petrol, fuel and food price hikes, plummeting pound, instability in the markets, visa restrictions etc are a price worth paying.

 

[Bladders]

The MP's don't need to debate it. They represent the people. The people voted out.

Get on with it.

 

[alfredmizen]

It's truly frightening that the fate of the nation lies in the hands of Messrs Johnson,Fox and Davies... Is it any wonder the Pound is sliding?

Yes , I'd feel far more confident with Corbyn ,McConnell and Co steadying the tiller.

 

[smeg]

The MP's don't need to debate it. They represent the people. The people voted out.

Get on with it.

Yep we get it, you won we lost but saying the people voted out is a bit of a stretch, your right the majority did but nearly 50% didn't

 

[Gwylan]

With Labour and the Lib Dems at rock bottom they have nothing to lose by challenging May on her hard Brexit stance and if they find that insisting on a Parliamentary vote over Article 50 gains traction with voters it's entirely possible they'll fight tooth and nail for it. They already have every SNP MP on their side and 16 million UK remainers too.

There were also a few Brexiters who wanted to see the sovereignty of parliament over the EU - many of them are not happy about seeing parliament sidelined

 

[Bladders]

Yep we get it, you won we lost but saying the people voted out is a bit of a stretch, your right the majority did but nearly 50% didn't

That's how it works . Most votes win .

Over a million difference wasn't it ?

You need to get over it , government needs to get on with it .


Sent from my iPhone using Tapatalk

 

[BigGully]

Yes , I'd feel far more confident with Corbyn ,McConnell and Co steadying the tiller.

You know what, he actually posted that without an inkling that others would offer this insight, mind boggling if you think about it ......

 

[BigGully]

Yep we get it, you won we lost but saying the people voted out is a bit of a stretch, your right the majority did but nearly 50% didn't

You aint half good at percentages .......

 

[Diego Napier]

Oh dear. Maybe you should disprove my facts, rather than just a piece of flowery prose which actually fills space but says nothing. Maybe that's all you have to offer; but if you wish to live in the clouds, watching butterflies and dreaming of a European Superstate Utopia, then feel free to continue with your delusion.

Maybe you should tell the young people of Italy, Greece, Portugal that their high level unemployment is just a slight inconvenience as there is this wonderful dream which a lot of people have bought.

Oh dear, maybe if you provided facts rather than hearsay and tired old opinionated opinion then I would.

 

[yxee]

Actually lots of people do. It is an indicator of just how low our currency has fallen. It is certainly a significant sign of the shambles the leave vote has plunged us into.

It's not a good indicator. It's the price they will sell Euros at. It's one side of a two-sided market. The actual market price is about 1.14 EUR. How much will they buy Euros at? I'm willing to guess it's the same distance above the mid-price, i.e. 1.30 EUR or so. You don't see that figure and think "we're not in a shambles anymore", do you?

Taking a rip off price as a market indicator is absolutely nonsensical.

 

[Diego Napier]

I understand you don’t care who is or if anyone should be accountable for these laws. Its one of the reasons you blindly support the EU system.
I do care though and dont consider it insignificant, and so did millions of others.

I don't blindly support the EU and you haven't provided a credible reason for rejecting it.

 

[Jim in the West]

I think you will find that the bulk of leavers on here will be just fine with that, we have our sovereignty back so big decisions by British people is better than big decisions by those corrupt foreign dictators from all over the shop. As long as we close our borders to extremists, plough a few quid into the NHS and get 'our country' back it will be mission accomplished and petrol, fuel and food price hikes, plummeting pound, instability in the markets, visa restrictions etc are a price worth paying.

Indeed! As you indicate, there is a bunch of Leavers (best exemplified by the Mail & Express crowd) who want Brexit at ANY price. Is that what the country voted for? I actually feel genuinely sorry for the large proportion of Leavers who are struggling to "keep their head above water" (the phrase I think Theresa May used). The well-off Tory right-wing will happily march us over the precipice, in the full knowledge that they will be all right. They will proudly proclaim that they are only doing the will of the people. The problem is, the Referendum only asked one simple question, which was obviously ridiculous given the number of possible alternatives. How do we know whether a majority wanted us to leave the Single Market? Give up free movement of labour? Or just get £350m/week for the NHS. This government DOES have a mandate to take us out of the EU....but logically (given the 52/48 split) this should be the softest possible Brexit. There is absolutely ZERO mandate for a Hard Brexit!

 

[Soulman]

Indeed! As you indicate, there is a bunch of Leavers (best exemplified by the Mail & Express crowd) who want Brexit at ANY price. Is that what the country voted for? I actually feel genuinely sorry for the large proportion of Leavers who are struggling to "keep their head above water" (the phrase I think Theresa May used). The well-off Tory right-wing will happily march us over the precipice, in the full knowledge that they will be all right. They will proudly proclaim that they are only doing the will of the people. The problem is, the Referendum only asked one simple question, which was obviously ridiculous given the number of possible alternatives. How do we know whether a majority wanted us to leave the Single Market? Give up free movement of labour? Or just get £350m/week for the NHS. This government DOES have a mandate to take us out of the EU....but logically (given the 52/48 split) this should be the softest possible Brexit. There is absolutely ZERO mandate for a Hard Brexit!

I disagree. I believe you belittle the opinions and reasons of the voters of Leave.
You post very long posts and thus I shall keep mine brief.

 

[Herr Tubthumper]

Which bit, seems more coherent than you just making up a scenario ?

Which to you is the main indicator of the UK's economy's performance and how do you associate it exclusively with Brexit or Remain ??

What is it, Sterling, FTSE, Ryanair Fares, Unemployment, Interest Rates ??

Or do you flit between all of them depending where the bad news is ?

1) I'm not quite sure what you mean by making up a scenario? What scenario are you talking about?
2) Economic indicators come in many measures. Lack of confidence in a nation's currency is certainly one. And given the amount of money which has been leaving the UK since the vote coupled with the sharp drop in value immediately after the vote coupled with a similar decline after May's recent conference uttering a I can only assume these are linked. FTSE is mixed; it's more international by definition so any business which receives dollar or euros will benefit. Strictly UK trading businesses are, generally, clearly struggling. I wouldn't use this as a measure. UK unemployment has been ****ed for a while. So, to answer your question I will settle on currency. Can you go beyond your usual saloon bar platitudes and explain your reasoning?