Post-Brexit Thread

[Mr K]

Originally Posted by Mick

No we have not - utter Bollocks.

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Agreed also, some people are just so blind when it comes to the EU, they cannot see the corrupt entity that is the EU and heaven knows why people want to be associated with that mess they call they EU, is beyond me.

The sooner we leave the bloody better.

Having a bad day Michael ? Cheer up, it could be worse, Trump could be running for PM - his next strategy I should think.

I think many Brexiters are blind to the oncoming economic crisis and are having to justify their decision, if only to themselves. The EU has faults, however the advantages of membership will become apparent to many over the next few years, too late of course.

[Ramrod]

Originally Posted by Mr K

I think many Brexiters are blind to the oncoming economic crisis and are having to justify their decision, if only to themselves. The EU has faults, however the advantages of membership will become apparent to many over the next few years, too late of course.

I'm not blind to the probable economic problems we'll be having but they are worth it to be shot of the EU. Self determination as a country is more important than a temporary economic downturn.
There is more to life than money!

[Osem]

Originally Posted by Mick

No we have not - utter Bollocks.

---------- Post added at 12:15 ---------- Previous post was at 12:11 ----------



Agreed also, some people are just so blind when it comes to the EU, they cannot see the corrupt entity that is the EU and heaven knows why people want to be associated with that mess they call they EU, is beyond me.

The sooner we leave the bloody better.

Me too. I can understand why people might well be wedded to a certain idea of what the EU could/should have been but Eurocrats are clearly not for turning...

Anyway the good news for those who're truly convinced that the UK is on the verge of becoming a third world country and the EU is so obviously the place to be, they still have time to pack up and head off over there. What's to lose after all? The way some folks are talking, I'm just surprised that there doesn't seem to have been a mass exodus already...

Originally Posted by Ramrod

There is more to life than money!

But money can buy so many of those things! Such as donuts, beer and more donuts still.

[tweetiepooh]

As with too many other times where there is a down turn there are leaches who sell short and hope for things to get worse. I've worked in companies that hit a hard patch and these low life come out boasting about how well they will do when the company collapses and they have to buy their short sold stock for a pittance. No thought of people losing their jobs and livelihoods.

Seems same is applying here. There are those "betting" on a sterling collapse and almost ensuring it's self fulfilling. And the brokers win whatever happens.

And in this country we have doughnuts.

Originally Posted by tweetiepooh

As with too many other times where there is a down turn there are leaches who sell short and hope for things to get worse. I've worked in companies that hit a hard patch and these low life come out boasting about how well they will do when the company collapses and they have to buy their short sold stock for a pittance. No thought of people losing their jobs and livelihoods.

Seems same is applying here. There are those "betting" on a sterling collapse and almost ensuring it's self fulfilling. And the brokers win whatever happens.

And this country we have doughnuts.

For now.....

Incidentally the markets work the other way too. If sterling is too low then you'll make a ton buying it before it corrects itself. This isn't short selling but a lack of faith, justified or not, in the currency which is either temporary or not.

[tweetiepooh]

I have no problem in people "betting" on things doing well. Buying shares or whatever because you want them to appreciate. That's doing what it was intended to do, providing capital to allow something to be developed/marketed/grow and getting rewarded for it with dividends and increased value to holdings. I object to the opposite.

By the way that court case on Article 50 isn't look as good for the government as expected. Losing it seems to be a real possibility at the moment.

Originally Posted by Damien

By the way that court case on Article 50 isn't look as good for the government as expected. Losing it seems to be a real possibility at the moment.

Don't get your hopes up too quickly - Government will still find a way to execute Article 50 regardless of that stupid Court case.

Originally Posted by Mick

Don't get your hopes up too quickly - Government will still find a way to execute Article 50 regardless of that stupid Court case.

Article 50 will still be executed either way. The politics of it make it impossible for MPs to block it without massive consequences. It's just interesting if it's the Government or Parliament that has the authority to issue it.

[Ignitionnet]

Originally Posted by tweetiepooh

I have no problem in people "betting" on things doing well. Buying shares or whatever because you want them to appreciate. That's doing what it was intended to do, providing capital to allow something to be developed/marketed/grow and getting rewarded for it with dividends and increased value to holdings. I object to the opposite.

It isn't betting on Sterling being weak that's dragged it down. There is capital flight, investors see the UK as a materially worse place to put their money, and Sterling seems to be losing its status as a world reserve currency. This is largely at least due to the Brexit vote and the position adopted by the government.



Can you blame someone who invested in UK debt via US Dollars for pulling their money with this kind of performance?



Without that status we're left on our own in the big wide world, we can no longer depend on the 'kindness of strangers' to finance our deficits.

Regarding today's inflation report, we are certainly due an inflation spike due to Brexit but if it's influenced this month's results it's the very early stages.

Finance houses are increasingly activating contingency plans. What effects these will have on jobs and taxes in the UK is unclear.

All may end well but for now and for the foreseeable the UK's economic position is materially worse as a result of the vote. That's a simple statement of fact. Some people were prepared for this and accept it as the price to pay for getting what they consider sovereignty back, the majority of the country however have no interest in becoming poorer due to this. 48.1% of them didn't want it anyway, another couple of % have now changed their minds, and of those that still would vote leave at least a quarter did so thinking it wouldn't affect them financially, and were wrong. Those who are not of pensionable age and on welfare, a group that voted heavily leave, will see the welfare freeze impact them more this year and even more next as it won't come close to keeping up with inflation, as will those on in-work welfare, another group that voted overwhelmingly to leave.

[TheDaddy]

Originally Posted by Ramrod

I'm not blind to the probable economic problems we'll be having but they are worth it to be shot of the EU. Self determination as a country is more important than a temporary economic downturn.
There is more to life than money!

Easy to say when you've got lots of it, not quite so easy for those already struggling still it's what we voted for and perhaps that was what was meant by taking back control of the decision making, the peasants can decide whether to eat or heat their homes

[Ignitionnet]

Might be some good news, at least for those on the flight paths. Looks like further airport expansion after an additional runway for Heathrow or Gatwick might not be necessary after all.

Revised projections from Iata suggest traffic will be nearer the lower limit of the forecast if the UK goes for a hard Brexit, compounding the impact of a falling pound and increased travel costs from limited access to the EU aviation market. Iata’s analysts said that reduced air capacity to and from the EU would “be expected to increase directly the cost of air travel with the bloc”.

If ongoing membership of the European Common Aviation Area is forfeited, Iata’s report warns, the impact would be “frontloaded” and the costs of air travel to the UK would remain higher for decades, dampening demand.

However, the weaker overall demand will make little difference to the main contenders for a new runway in south-east England, with Heathrow having effectively reached capacity in 2011, and Gatwick’s subsequent rapid growth seeing it forecast to reach capacity by the next decade if not before.

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Originally Posted by Pierre

our starting position should be a complete exit of everything EU.

And then negotiate our new relationship taking into account our wants and aims and their wants and aims.

But laying out that if it is a complete break we end up with, so be it, we won't be bullied or coerced into a poor deal.

The above is just another of the impacts from a complete exit of everything EU.

I have no idea why the EU would be in any way bothered by that course of events; Schipol, CDG, Frankfurt and others would be quite happy to take the fees from transit travellers.

The airport decision being delayed again is pathetic. It really gets down to the actual problems this country has which is the constant inertia when it comes to any infrastructure development. Nuclear power plants take decades, railways decades, runways decades. Most of the time spent with successive governments delaying the decision as long as possible and then more so. They keep wanting to build more homes but never do. They could just allow local authorities to build and sell affording housing but as so ideologically opposed they would rather sit on their hands for years trying to find a way to build houses without looking like the state is involved.

Whole thing is a mess.

Generations before us wondered if their government would get a man on the moon in their lifetime, we get the 3rd runway instead.

[techguyone]

You're not wrong Damien it's a joke.