Re: Post-Brexit Thread
FTSE 100 soars 3.02% today, wiping out post-Brexit slump
The FTSE 100 is currently trading up 3.02%, which brings its gains across two-days to 5.7% . The 5.7% rally wipes out its post-Brext two-day rout, which saw the blue chip index plunge 5.7%. Update : FTSE 100 Index INDEXFTSE: UKX - Jun 29, 4:26 PM GMT+1 6,334.59 Price increase + 194.20 (3.16%) Onwards and Upwards ;) |
Re: Post-Brexit Thread
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I think the big mistake of the last government was not explaining clearly to the people our terms of entry to the EU. Instead of giving the full details they concentrated on the "Project Fear" ones designed to get you to vote to stay. Had they done so they could have detailed clearly in unemotional terms what the consequences of leaving really were because we would have understood the conditions of our contract with the EU. As a consequence voters were not able to make a truly informed choice resulting in an unexpected EU referendum outcome. |
Re: Post-Brexit Thread
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The top 5 firms on the FTSE 100 are Royal Dutch Shell, HSBC, British American Tobacco, BP and GlaxoSmithKline. None of these are especially dependent on the UK's economy. The FTSE 250 is a more domestic index and a better guide to the economy's state. We seem to be over the initial shock, which is nice. The economy has realised that we're still in the EU. The next big event will probably be when it becomes clearer how our deal with the EU will look. |
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FTSE 250 Index INDEXFTSE: MCX - Jun 29, 4:35 PM GMT+1 16,002.90 Price increase 499.84 + (3.22%) Onwards and Upwards :):) |
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The prospect of EEA is helping. |
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It's UKIP and a handful of Tory and Labour politicians whose main problem was freedom of movement. None of them care about the payment to the EU imo. It's nothing compared to the size of government budgets especially if you factor in the boost of the single market. |
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We wouldn't want anyone to know would we, wouldn't want to do anything to stifle the hysteria that's filled the airwaves lately. What'll all those roving reporters have left to serve up if there's no panic, no fear?... Watching/listening to some of the stuff I've heard over the last few days, anyone would think we're experiencing the fall of Rome. The boring reality is that the markets will continue to rise and fall along with the value of our currency but there's no sexy headlines in good news so it'll be carry on panicking whenever the markets miss a beat. On the subject of hate, I was just listening to Margaret Becket on LBC talking about the 'hate' being unleashed by Momentum supporters protesting about the bid to remove Corbyn. Apparently he and McDonnell still weren't too bothered about it when it was moist recently brought to their attention. Odd how that hasn't had quite the media attention that the actions of a fairly small number of racist morons have but there again, it doesn't do to have a balanced argument when there's a bandwagon to be jumped upon. |
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However, Scotland would probably go for a referendum and maybe Northern Ireland and Wales will follow too. Many of the immigrant related problems are really failures by the UK government and local government to come up with a plan to manage immigrants in a way that offsets the disadvantages experienced by UK nationals. |
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---------- Post added at 18:42 ---------- Previous post was at 18:39 ---------- Quote:
Should also add that that it shouldn't be that costly either since we already have the required standards in place ,the only extra expense would be a tax which all other countries have to pay anyway |
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I voted on David Cameron's deal, which I considered to be derisory.
The EU seems to have a lot of conditions built in to their trade arrangement and unfortunately a lot of them are not liked by the UK public. David Cameron is right that we cannot have the benefits of the single market without accepting conditions which the public feel are unacceptable. |
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