EU Referendum: The result and aftermath...

[Rich McLean]

You know, whilst this is about the UK, I wonder if this will "let" other countries do the same thing

This

Without our contribution to the EU, this could badly effect the weaker EU economies, and force a few more Eurozone bailouts at the same time could well results in a knock on effect and eventual breakup of the EU. The larger EU States will then say enough is enough and then leave.

It will be a very tough but interesting few years. If the above does happen, the pound will rise again and the UK will be relatively unaffected. All an exit will do is speed up that process.

 

[TheKnightWho]

This

Without our contribution to the EU, this could badly effect the weaker EU economies, and force a few more Eurozone bailouts at the same time could well results in a knock on effect and eventual breakup of the EU. The larger EU States will then say enough is enough and then leave.

It will be a very tough but interesting few years. If the above does happen, the pound will rise again and the UK will be relatively unaffected. All an exit will do is speed up that process.

A strong pound is useless if we're no longer able to import from our previous trading partners because their economies are screwed.

 

[Domh245]

So, now that it is statistically impossible for remain to win, and given the voting of the various nations, do we think we're seeing the end of the UK? Scotland sounds like it wants leave, and Northern Ireland is being dragged out against it's will. Either way, sh*t is going to hit the fan big time.

 

[Rich McLean]

A strong pound is useless if we're no longer able to import from our previous trading partners because their economies are screwed.

Quite.

This could also spark an EU economy crash and eventual breakup.

 

[HMS Ark Royal]

So, now that it is statistically impossible for remain to win, and given the voting of the various nations, do we think we're seeing the end of the UK? Scotland sounds like it wants leave, and Northern Ireland is being dragged out against it's will. Either way, sh*t is going to hit the fan big time.

The woman in charge in Scotland says she will call for another vote to leave the UK, but its expected that it will go the same way and they will stay

 

[Domh245]

NIKKEI down 8%. We seem to be causing problems globally.

Edit: Apparently, they've now ceased trading. Oh dear oh dear oh dear.

 

[Rich McLean]

So, now that it is statistically impossible for remain to win, and given the voting of the various nations, do we think we're seeing the end of the UK? Scotland sounds like it wants leave, and Northern Ireland is being dragged out against it's will. Either way, sh*t is going to hit the fan big time.

If Scotland holds another referendum, if they vote leave, it would take them many many years to get into the EU. This is also why I think if scottish voters went back to the polls, they would vote to remain part of the UK, unless the EU gave them a fast track promise of Scotland joining independently.

 

[Domh245]

If Scotland holds another referendum, if they vote leave, it would take them many many years to get into the EU. This is also why I think if scottish voters went back to the polls, they would vote to remain part of the UK, unless the EU gave them a fast track promise of Scotland joining independently.

If they can get a vote within 2 years, they might be able to take over the UK's place, so to speak

 

[Bromley boy]

Certainly looking good. Let's hope for a 60% remain vote


On the other hand a nice tasty slice of fruit cake...

How does it taste?

Pretty good to me.

 

[HMS Ark Royal]

Nigel Farage with curious expression

 

[Flying Snail]

So, now that it is statistically impossible for remain to win, and given the voting of the various nations, do we think we're seeing the end of the UK? Scotland sounds like it wants leave, and Northern Ireland is being dragged out against it's will. Either way, sh*t is going to hit the fan big time.

Scotland will be interesting, I wonder if SNP have polled numbers for independence after leave? It certainly wouldn't be the same decision, England dragging them out of EU suggests more going for independence versus the bigger divorce from the rest of UK with a cross EU border as well.

NI has nowhere to go other than hanging on England's coat tails. Their economy can't pay it's own way and a united Ireland is a non-runner politically or financially, ROI wouldn't be able to pay for (or police) NI with the sort of political unrest that the Unionists would cause.

 

[GatwickDepress]

Nigel Farage with curious expression

That is terrifying.

 

[HMS Ark Royal]

That is terrifying.

I think it must have something to do with the man standing behind him

 

[Antman]

How does it taste?

Pretty good to me.

I think there's going to be a few people on here who won't be enjoying the taste of humble pie looking back at some of the smug comments, talking about counting chickens

I've only just woken up to the fantastic news

 

[Domh245]

I've only just woken up to the fantastic news

That Pound sterling has decreased by 11%? Hardly fantastic

 

[HMS Ark Royal]

I don't think he is, he's just facing reality. Remain has won.

Is there anybody in Britain who doesn't think that remain will win?

I think there's going to be a few people on here who won't be enjoying the taste of humble pie looking back at some of the smug comments, talking about counting chickens

I've only just woken up to the fantastic news

Maybe Gutfight - I get the assumption he voted to Remain

I voted to Leave because I am from Hull, and we have long memories regarding fish...

 

[TheKnightWho]

I think there's going to be a few people on here who won't be enjoying the taste of humble pie looking back at some of the smug comments, talking about counting chickens

I've only just woken up to the fantastic news

Failing businesses, lost jobs and higher prices are not "fantastic news". This won't be Project Fear anymore: it'll be Project Reality.

 

[HMS Ark Royal]

Looking at the BBC map - http://www.bbc.co.uk/news/politics/eu_referendum/results - I am surprised by the number of Home Counties that have voted to leave

 

[TheKnightWho]

I hope everyone is ready for fuel prices to soar again.

 

[HMS Ark Royal]

I hope everyone is ready for fuel prices to soar again.

Yep - I have a ferry tank fitted in my van so I am going to be fine

 

[Antman]

Failing businesses, lost jobs and higher prices are not "fantastic news". This won't be Project Fear anymore: it'll be Project Reality.

Enjoy your humble pie

 

[GatwickDepress]

Still two years before we leave though, isn't it? We're still obligated by Article 50 of the Lisbon Treaty.

 

[TheKnightWho]

Enjoy your humble pie

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

 

[HMS Ark Royal]

Still two years before we leave though, isn't it? We're still obligated by Article 50 of the Lisbon Treaty.

Yes... I believe Article 50 could come into effect in as little as four days

 

[Bromley boy]

That Pound sterling has decreased by 11%? Hardly fantastic

Currency fluctuations occur all the time. We can weather it. We've weathered economic downturns before. The difference is, this time, we are doing it on our own terms, making our own democratic decisions.

This is a brave and optimistic new world.

 

[Domh245]

Currency fluctuations occur all the time. We can weather it. We've weathered economic downturns before. The difference is, this time, we are doing it on our own terms, making our own democratic decisions.

This is a brave and optimistic new world.

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

 

[HMS Ark Royal]

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

Ah well... We'll muggle our way through it

 

[TheKnightWho]

Currency fluctuations occur all the time. We can weather it. We've weathered economic downturns before. The difference is, this time, we are doing it on our own terms, making our own democratic decisions.

This is a brave and optimistic new world.

It's the largest drop in history, by a large margin. That is not a common currency fluctuation: it's increased the cost of our imports by 12.5% overnight. That is enormous, given we have a trade deficit.
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Ah well... We'll muggle our way through it

I'm staggered by the blind optimism in the face of a worse drop than 2008!

 

[HMS Ark Royal]

I'm staggered by the blind optimism in the face of a worse drop than 2008!

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

We have got through worse things in this country's past - we can get through this

 

[Rich McLean]

It's the largest drop in history, by a large margin. That is not a common currency fluctuation: it's increased the cost of our imports by 12.5% overnight. That is enormous, given we have a trade deficit.
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I'm staggered by the blind optimism in the face of a worse drop than 2008!

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