EU Referendum: The result and aftermath...

[LAX54]

I don't know what to do!!!!!!!!!!!!!!
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Don't you see how you've ruined my life?!

Before the EU was 'invented' we could work anywhere we wanted in Europe of the World and still can ! Having said that, it will not be quite as easy to move to a Country and claim benefits from Day 1.

 

[RichmondCommu]

But any engines supplied to them would require a whole new trading treaty and contract

The airlines order the engines not Airbus.

 

[HMS Ark Royal]

The airlines order the engines not Airbus.

But Airbus have them supplied - ergo, they'd need a new supply contract

I think I am going to unsub from this thread as I keep getting new alerts every 30 seconds and its annoying me

 

[TheKnightWho]

But Airbus have them supplied - ergo, they'd need a new supply contract

I think I am going to unsub from this thread as I keep getting new alerts every 30 seconds and its annoying me

But the contracts are bespoke for particular airline orders. Airlines will simply order from other manufacturers, is the point.

 

[Harbornite]

Apparently Rolls Royce have benefited in the short term as the weaker pound has helped their exports. Having said that, it will be a pity if Airbus ever considered closing the Broughton Plant.

 

[RichmondCommu]

But Airbus have them supplied - ergo, they'd need a new supply contract

I think I am going to unsub from this thread as I keep getting new alerts every 30 seconds and its annoying me

No, Rolls Royce have contracts direct with the airlines for the supply of engines as these also include lucrative maintenance contracts which is where Rolls Royce make most of their money.

 

[Harbornite]

I wonder what measures the Government is planning to take to boost the value of the Pound which has been battered since the referendum result.

I also notice that Nigel Farage is already starting to back track on his pre referendum promises and I'm curious to know what people who voted Brexit think of that.

Another question for those who voted for a Brexit; what do they think of Airbus suggesting that it will review investment levels in the UK following the decision to leave the EU. Perhaps other European based companies will follow their lead.

The bank of England has provided funds to help stabilise the economy in the mean time. Regarding the Brexit voters, there have been a number of brexiters who claim they have made the wrong decision. I winder if there would be merit in holding another referendum, although this isn't going to happen sadly.

 

[RichmondCommu]

Apparently Rolls Royce have benefited in the short term as the weaker pound has helped their exports. Having said that, it will be a pity if Airbus ever considered closing the Broughton Plant.

With the greatest of respect I think those employed at the Broughton would think of it as more than just a "pity" if their highly skilled jobs were lost. Just saying that's all.

 

[WatcherZero]

Aslef has done a press release saying they supported Brexit but it wasnt about the EU, they just wanted to punish the government on housing and employment.

http://www.aslef.org.uk/information/100012/144478/aslef_on_the_eu_vote/

 

[RichmondCommu]

The bank of England has provided funds to help stabilise the economy in the mean time. Regarding the Brexit voters, there have been a number of brexiters who claim they have made the wrong decision. I winder if there would be merit in holding another referendum, although this isn't going to happen sadly.

Yes but at some stage the B of E will need to raise interest rates to support the pound. It will also be interesting to see whether our credit rating is down graded on the basis of Brexit in which case this will place further pressures on the Pound.
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Aslef has done a press release saying they supported Brexit but it wasnt about the EU, they just wanted to punish the government on housing and employment.

http://www.aslef.org.uk/information/100012/144478/aslef_on_the_eu_vote/

That really does beggar belief.

 

[LAX54]

It begins. This is not good at all.

Think they said the same thing years ago when we were refusing to even think of not adopting the Euro, if we didn't, then it would be the end of the World as we knew it !

 

[Harbornite]

With the greatest of respect I think those employed at the Broughton would think of it as more than just a "pity" if their highly skilled jobs were lost. Just saying that's all.

Well in hindsight, saying it would be a real shame is better, especially when you consider that there are only limited industrial employment opportunties in that part of Cheshire. Anyway, let's not get pedantic about the choice of words we use to describe such issues because it is unnecessary and drags the thead off topic. Instead, let's hope that Airbus keeps the plant open, more importantly.

 

[RichmondCommu]

Think they said the same thing years ago when we were refusing to even think of not adopting the Euro, if we didn't, then it would be the end of the World as we knew it !

That's very true but we are already seeing the consequences of a departure from the EU.

 

[TheKnightWho]

Think they said the same thing years ago when we were refusing to even think of not adopting the Euro, if we didn't, then it would be the end of the World as we knew it !

This is simply rubbish. This isn't "scaremongering" or "Project Fear" - this is the tell-tale signs of problems to come, based on what has really happened.

 

[RichmondCommu]

Instead, let's hope that Airbus keeps the plant open, more importantly.

It would help matters if BAE had not chosen to sell its stake in Airbus!

 

[Harbornite]

It would help matters if BAE had not chosen to sell its stake in Airbus!

I agree. What was BAE's justification for solely focussing on defence aviation when they sold the stake back in 2011 or 2012?

 

[bb21]

I will just ask once more to please leave out the bickering as I don't particularly enjoy having to spend lots of time tidying up petty nastiness and point-scoring in an otherwise fairly sensible discussion, and I doubt any of you enjoyed that little episode either. I will not be asking again. Please, make use of the ignore function if needed.

Thank you for taking this onboard.

 

[Harbornite]

I will just ask once more to please leave out the bickering as I don't particularly enjoy having to spend lots of time tidying up petty nastiness and point-scoring in an otherwise fairly sensible discussion, and I doubt any of you enjoyed that little episode either. I will not be asking again. Please, make use of the ignore function if needed.

Thank you for taking this onboard.

I'll try apto avoid that in future, and will consider ignoring certain posters.

 

[TheKnightWho]

I will just ask once more to please leave out the bickering as I don't particularly enjoy having to spend lots of time tidying up petty nastiness and point-scoring in an otherwise fairly sensible discussion, and I doubt any of you enjoyed that little episode either. I will not be asking again. Please, make use of the ignore function if needed.

Thank you for taking this onboard.

Sorry - it just gets extremely annoying when I feel like I'm being followed around this forum to be sniped at by a certain member.

 

[RichmondCommu]

I agree. What was BAE's justification for solely focussing on defence aviation when they sold the stake back in 2011 or 2012?

Short term thinking for short term gain, we Brits never learn!

 

[Harbornite]

Short term thinking for short term gain, we Brits never learn!

Very true. Britain's track record for airliners hasn't been fantastic, but BAE managed to manufacture a decent aircrsft in the form of the 146, sadly ounof production.

 

[Abpj17]

October 16 - June 17.
Round table talks with the EU. We have the money, they want it. Will they accept a significant reduction in our membership charges and give us some border control back - in order to keep us in the EU or to remain as an "EU Partner," with some but fewer voting powers? If so, the new government has the power to trump the referendum result and accept that, and we carry on part-EU. Or simply offer another referendum in October '17.

Going back to this one because it illustrates the problem:
- We already have a significant reduction in membership charges - this is the rebate (abatement)
- We already have a reasonably high degree of border control. We're not part of Schengen. Non-EU migrants are dealt with by the first country they arrive in (or are sent back there if they travel onwards). As we won't be on the doorstep, the border will now genuinely be at our door rather than, in some cases, countries further south.
- Why would we want fewer voting powers? If we want free trade, we need to comply with directives and regulations. If we have votes, we would have influence. The UK already has a significant number of waivers, exemptions, vetoes and opt-outs.

 

[Shaw S Hunter]

I voted yes for independence in 2014, yes to remain yesterday and will vote yes for independence 2, why? Because Scotland is a caring, compassionate country who embrace all cultures and respect all people. We enjoy the benefits of being a part of Europe, bask in European culture and love our European neighbours. England is a haven for immigrant hating, xenophobic, racists, a country insulating itself from all it's neighbours including the home nations and trying to basically cut themselves off from the whole world. For the first time in my life ever, I can safely say I am ashamed to be British. Why the hell would we want to be in a union with a nation of haters? Get us out of here! And by the way, here is a personal invite to all you English folk who probably feel the same about your fellow citizens, all you decent folk who were not taken in by the right wing garbage spouted by the Leave campaign, come to Scotland and live, you are more than welcome! All I ask is that you want to be happy.

Nothing like a bit of stereotyping is there! I thought you would show tolerance towards England rather than xenophobia. Anyway your idea for all "decent" English folk to move to Scotland is downright stupid and I;m not sure if it even deserves any serious consideration.

While Bodiddly has possibly succeeded in putting more sweeping generalisations in one post than any I've seen on this forum I find myself strangely sympathetic towards the views expressed. It's unfortunate that amongst the Scottish population is a minority for whom independence is more about being anti-English than pro-Scottish. As for moving north of the border it's one of the various ideas that I've found myself contemplating since the referendum result became clear. In practice however I think it would need a lot of years additional global warming to take place before I could cope with the climate!

The airlines order the engines not Airbus.

Absolutely true and exactly the same applies for airliners built by Boeing. Airliner construction is one of the true global industries and as such those within it are well used to dealing with multiple currencies and different trade agreements.

Apparently Rolls Royce have benefited in the short term as the weaker pound has helped their exports. Having said that, it will be a pity if Airbus ever considered closing the Broughton Plant.

The investment required in airliner production is absolutely enormous. And the Broughton plant produces wings for all Airbus' current range. It's not going anywhere anytime soon.

 

[RichmondCommu]

The investment required in airliner production is absolutely enormous. And the Broughton plant produces wings for all Airbus' current range. It's not going anywhere anytime soon.

Fair enough however with French interference and with what Airbus itself has said how certain can we be about the long term future of Airbus in the UK? Will the UK plants produce wings for any future Airbus designs?

 

[Shaw S Hunter]

Fair enough however with French interference and with what Airbus itself has said how certain can we be about the long term future of Airbus in the UK? Will the UK plants produce wings for any future Airbus designs?

Considering where Airbus are currently in the product development cycle it's unlikely they'll be bringing forward any new designs for many years. I suspect the cautionary talk about future investment is more about using Brexit to cover for any future necessary cutbacks; the high profile A380 has not sold in quite the volume originally hoped for and only Emirates has bought them in quantity, so a reduction in production volume of that model may well happen.

 

[Xenophon PCDGS]

Aslef has done a press release saying they supported Brexit but it wasnt about the EU, they just wanted to punish the government on housing and employment.

http://www.aslef.org.uk/information/100012/144478/aslef_on_the_eu_vote/

Perhaps with an eye to what once was in the way of trading blocs and their espousement of certain values, I honestly feel that both ASLEF and RMT would dearly have loved to have been connected with COMECON, as this would seem to make a perfect fit to their ideology.

 

[Antman]

The bank of England has provided funds to help stabilise the economy in the mean time. Regarding the Brexit voters, there have been a number of brexiters who claim they have made the wrong decision. I winder if there would be merit in holding another referendum, although this isn't going to happen sadly.

Another referendum? What you didn't like the result so lets have it replayed until you get the result you want? You really are clutching at straws I'm afraid.

And who are these Brexiters who have apparently made the wrong decision? Funnily enough I've not heard anybody say that? More project fear?

 

[anme]

But that would take time to do, correct?

yes of course. But the UK leaving the EU is a long term act of economic and political self harm and the full consequences will take decades to work out.

The critical thing now is to limit the damage - we must join the EEA and preserve freedom of trade and freedom of movement, whatever the cost.
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Going back to this one because it illustrates the problem:
- We already have a significant reduction in membership charges - this is the rebate (abatement)
- We already have a reasonably high degree of border control. We're not part of Schengen. Non-EU migrants are dealt with by the first country they arrive in (or are sent back there if they travel onwards). As we won't be on the doorstep, the border will now genuinely be at our door rather than, in some cases, countries further south.
- Why would we want fewer voting powers? If we want free trade, we need to comply with directives and regulations. If we have votes, we would have influence. The UK already has a significant number of waivers, exemptions, vetoes and opt-outs.

All good points, but sadly it's now too late.
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I see Boris is in no hurry to leave the EU. Why? Two reasons:

One is that we need to work out what the hell we want.

Two is that it is manifestly in the UK's interests to be part of the EU and the single market and he wants to preserve that for as long as possible.

What better demonstration of the moronic nature of the UK's decision?

 

[richw]

I wonder what measures the Government is planning to take to boost the value of the Pound which has been battered since the referendum result.

I also notice that Nigel Farage is already starting to back track on his pre referendum promises and I'm curious to know what people who voted Brexit think of that.

Another question for those who voted for a Brexit; what do they think of Airbus suggesting that it will review investment levels in the UK following the decision to leave the EU. Perhaps other European based companies will follow their lead.

The pound has steadied at the same rate or fractionally higher than it was in February.

Nigel farage's promises- the same man that isn't elected to parliament and has no mandate to action everything he says? Surely nobody believed his promises as it doesn't take much thinking to know he can't action them.

 

[DelayRepay]

It will also be interesting to see whether our credit rating is down graded on the basis of Brexit in which case this will place further pressures on the Pound.

Moody's downgraded the United Kingdom's long term outlook from stable to negative overnight.

This should come as a surprise to nobody. (except people who decided they'd had enough of experts like nobel prize winning economists and the Governor of the Bank of England...)