EU Referendum: The result and aftermath...

[Bromley boy]

Currency fluctuations don't typically get to 10%, nor trigger warnings about the most volatile behaviour that has ever been seen from pound sterling.

True. But that is due to the uncertainty of the current position. Markets thrive on stability and certainty. In due course a new norm will be established and things will stabalise.

 

[Tim R-T-C]

The Scottish issue is likely to be very complex, since their previous exit strategy relied on them getting the same EU access status as the current UK, if we are not in the EU they would have to apply from scratch and given all new entrants are required to take the €uro and join the Schengen agreement, things could get very messy.

I suspect they will wait a few years, to see how we fare outside the EU and the EU fares without us before calling a vote - right now people are probably going to prefer to wait and see.

 

[TheKnightWho]

So we'll flog a bit more stuff at lower prices... *shrugs*... We will be alright in the end

Is that what happened in 2008?

 

[Domh245]

True. But that is due to the uncertainty of the current position. Markets thrive on stability and certainty. In due course a new norm will be established and things will stabalise.

Aye, but in order to reach that stability, we've got to renegotiate everything whilst in this economic turmoil. That doesn't strike me as the best place to negotiate from.

 

[TheKnightWho]

Hence massive price rises that will come from that, along with an Emergency Budget that will get rushed through Parliament before the end of July

Exactly. It really does terrify me how people seem to be ignoring the already very-real implications of this vote.

 

[Antman]

This is not a game. If the overnight crash is anything to go by, this is potentially the worst financial crisis in a generation.

You'd think it was a game looking at some of the rather childish comments earlier in the thread, I find it quite astonishing that some people seem to have voted remain purely on the basis that they don't like Nigel Farage!

 

[TheKnightWho]

You'd think it was a game looking at some of the rather childish comments earlier in the thread, I find it quite astonishing that some people seem to have voted remain purely on the basis that they don't like Nigel Farage!

Frankly, I don't give a sh*t about Nigel Farage. I care about not committing economic suicide.

Like I said, this isn't a game - it's got very real implications.

 

[radamfi]

At the moment I can't really see much option other than killing myself as everything I've worked and saved for may be for nothing. I've been saving and sacrificing for nearly 20 years.

 

[Bromley boy]

Aye, but in order to reach that stability, we've got to renegotiate everything whilst in this economic turmoil. That doesn't strike me as the best place to negotiate from.

On the contrary we are in a very strong negotiating position. We are a major world economy and therefore impact on a great many European businesses.

I suspect I speak for a great many "out" voters when I say I'd happily weather some short term economic instability for this momentous result. It goes far deeper than economics. I'd happily live in a poorer country, but one in which the will of its people takes charge of its destiny, as it had managed to do for many centuries previously.

 

[radamfi]

on the contrary we are in a very strong negotiating position. We are a major world economy and therefore impact on a great many european businesses.

I suspect i speak for a great many "out" voters when i say i'd happily weather some short term economic instability for this momentous result. It goes far deeper than economics. I'd happily live in a poorer country, but one in which the will of its people takes charge of its destiny, as it had managed to do for many centuries previously.

What about my right to live and work anywhere in the EU?

You have destroyed my life!!!!!!!!!!

 

[TheKnightWho]

On the contrary we are in a very strong negotiating position. We are a major world economy and therefore impact on a great many European businesses.

I suspect I speak for a great many "out" voters when I say I'd happily weather some short term economic instability for this momentous result. It goes far deeper than economics. I'd happily live in a poorer country, but one in which the will of its people takes charge of its destiny, as it had managed to do for many centuries previously.

Such a strong negotiating position that our currency just lost 11% of its value. If you wanted a ringing endorsement, that's not it.

And it may go far deeper than economics to you, but a lot of us actually want jobs.

 

[HMS Ark Royal]

On the contrary we are in a very strong negotiating position. We are a major world economy and therefore impact on a great many European businesses.

I suspect I speak for a great many "out" voters when I say I'd happily weather some short term economic instability for this momentous result. It goes far deeper than economics. I'd happily live in a poorer country, but one in which the will of its people takes charge of its destiny, as it had managed to do for many centuries previously.

I agree with you, BB...

Sums what I have to say up very nicely

 

[Antman]

At the moment I can't really see much option other than killing myself as everything I've worked and saved for may be for nothing. I've been saving and sacrificing for nearly 20 years.

Possibly a tad extreme?

I'd have seriously considered emigration had the result gone the other way.

 

[radamfi]

I don't know what to do!!!!!!!!!!!!!!
--- old post above --- --- new post below ---

Possibly a tad extreme?

I'd have seriously considered emigration had the result gone the other way.

Don't you see how you've ruined my life?!

 

[HMS Ark Royal]

I don't know what to do!!!!!!!!!!!!!!

Sit down, take a deep breath, go to the kitchen, make yourself a cup of tea and relax...

 

[TheKnightWho]

Possibly a tad extreme?

I'd have seriously considered emigration had the result gone the other way.

You'd have been lucky enough to have been able to afford it. After this Brexit vote, not many of us can.

 

[Tim R-T-C]

You'd think it was a game looking at some of the rather childish comments earlier in the thread, I find it quite astonishing that some people seem to have voted remain purely on the basis that they don't like Nigel Farage!

And many people have voted Leave simply because they believe our politicians are self-serving liars who stand to benefit (somehow?) from us remaining in the EU.

Most of the 'leave' paperwork that came through my door seemed to consist of 'migrant danger' and 'Turkey might join the EU'. Funny thing is, when we have to negotiate new trade deals with the existing EU member states, we may well have to agree to free movement deals too, which in terms of EU member state movement, won't actually make any different to the number of foreign citizens in the country. Of course those from outside the EU, such as Syria and Libya are covered by international agreements not connected to the EU, so we will still have to offer them asylum. So in that sense, nothing is really going to change.

 

[HMS Ark Royal]

Don't you see how you've ruined my life?!

I'm sure that Antman is sorry about that, but he exercised his democratic right to vote in the manner he wanted.

 

[radamfi]

My life is over.

 

[Domh245]

I suspect I speak for a great many "out" voters when I say I'd happily weather some short term economic instability for this momentous result.

And what about the 48% of voters who explicitly voted against Brexit, and those who didn't vote at all (and those who were ineligible to vote)? Many have just had 10% of their pensions wiped off overnight, and this is going to have a huge effect on the economy, there will be millions who entered the job market just as the 2008 recession came into force, and just as it's picked up, has hit the sh*tter again.

It goes far deeper than economics. I'd happily live in a poorer country, but one in which the will of its people takes charge of its destiny, as it had managed to do for many centuries previously.

It's pretty difficult to do anything without money.

 

[Jonny]

It seems that the BBC has "called" it as a remain win.

The Egal has landed... hard and flat on its rotund posterior.

(PS "The Egal" is a reference to egalitarianism )

 

[TheKnightWho]

It's pretty difficult to do anything without money.

I notice that the people who say it's not about money aren't the ones who stand to have their livelihoods, job prospects or wealth affected.

 

[Bromley boy]

Such a strong negotiating position that our currency just lost 11% of its value. If you wanted a ringing endorsement, that's not it.

And it may go far deeper than economics to you, but a lot of us actually want jobs.

If our currency just lost value, that's good news if you work for a UK exporter... Your products just became massively cheaper.

Currency markets are volatile and will fluctuate based on emotion and market sentiment. No change there. It will stabilise over time.

Keep in mind we went through the greatest recession since the 1930s a mere 8 years ago. EU membership didn't help us then...

 

[Butts]

At the moment I can't really see much option other than killing myself as everything I've worked and saved for may be for nothing. I've been saving and sacrificing for nearly 20 years.

What infantile nonsense, you need to "grow a pair".

People have to accept the result of the ballot and prepare for a "Brave New World" of uncertainty but also hope for a bright future.

This is hardly 1940 when we were really up ..... creek without a paddle after the fall of France.

I wouldn't worry about Scotland, just because we voted to stay in the EU does not necessarily mean that we will vote to leave the UK.

 

[HMS Ark Royal]

My life is over.

I think that is a harsh thing to say as well as a stupid thing to say...

The vote is not legally binding and Cameron can actually ignore it - either way, cheer up because things may not be as bad you make out

 

[radamfi]

What infantile nonsense, you need to "grow a pair".

It won't matter when I'm dead.

 

[TheKnightWho]

If our currency just lost value, that's good news if you work for a UK exporter... Your products just became massively cheaper.

Currency markets are volatile and will fluctuate based on emotion and market sentiment. No change there. It will stabilise over time.

Keep in mind we went through the greatest recession since the 1930s a mere 8 years ago. EU membership didn't help us then...

We are a huge net importer. It is not a good thing.

 

[Nevillehill]

My life is over.

There is more to life than money, the trouble with people like you , you don't have any other life just money.

 

[HMS Ark Royal]

What infantile nonsense, you need to "grow a pair".

People have to accept the result of the ballot and prepare for a "Brave New World" of uncertainty but also hope for a bright future.

This is hardly 1940 when we were really up ..... creek without a paddle after the fall of France.

I wouldn't worry about Scotland, just because we voted to stay in the EU does not necessarily mean that we will vote to leave the UK.

May i ask, butts, which way you voted?

 

[TheKnightWho]

There is more to life than money, the trouble with people like you , you don't have any other life just money.

The callousness being displayed here...