Voted Leave: D+1 - whats the Economic Plan

[andy_s]

stongle said:

And for the record, my heart favours leave and self determination. Head says its simply not practical, given Global events / economy and the poor state of UK politics.

My thoughts exactly.

[craig7l]

I'm obviously no scientist but would think the euro would plummet more than the £ after Brexit in EUROPE day.

[Mario149]

This thread is very telling. Someone who voted Leave from a heart PoV is asking what the economic plan is and the 70-odd percent of Brexit supporters on PH can't give any half decent answer.

[kurt535]

stongle said:

CrutyRammers said:

Yeah, because, sod democracy, it's all about the money, right?

Pretty much. Most people vote with their pockets; the Brexit debate has done nothing but increase partisan politics. This in turn will return weaker governments (making it more difficult to pass reforming legislation).

Pan Pan Pan said:

How about starting trading again with former common wealth countries, and others that we are not allowed to make trade deals with whilst we were in the EU?

And what do you think will happen to these countries and BRICs when the Fed starts hiking / returns to a "normal" interest rate policy. 3, 5, 10 years of recession? - how many Range Rovers will Brazil be buying if no one can f**king eat? (upside, we might export a lot of water cannons though). This could be a generational issue. If you don't understand macro economics; you ought not be voting.

This is a poorly timed spectacle, given highly fragile global economics & cycle. Its actually now a decision between a seat at the table to (positively influence) events or the abyss.

And for the record, my heart favours leave and self determination. Head says its simply not practical, given Global events / economy and the poor state of UK politics.

Edited by stongle on Tuesday 14th June 11:19

Stongle, well said. My sentiments entirely.

[Smollet]

Not exactly part of the economic plan but if Brexit prevails I wonder what the French will do to the border controls that are at present preventing illegal immigrants coming to the UK? I have a very cynical take that the next day they might just shrug their shoulders and wash their hands of it. If this issue should be addressed elsewhere and the OP Is not happy with my question then please remove it.

[craig7l]

Mario149 said:

This thread is very telling. Someone who voted Leave from a heart PoV is asking what the economic plan is and the 70-odd percent of Brexit supporters on PH can't give any half decent answer.

I know funny world... But then again my next door neighbour wants to stay in Europe because of" humanitarian " issues as he likes to help others less fortunate across the world.... I did suggest he sold the BMW cabriolet and send the £38k to a village I know in Africa and get a £900 royal Enfield from India.

[paulrockliffe]

Smollet said:

Not exactly part of the economic plan but if Brexit prevails I wonder what the French will do to the border controls that are at present preventing illegal immigrants coming to the UK? I have a very cynical take that the next day they might just shrug their shoulders and wash their hands of it. If this issue should be addressed elsewhere and the OP Is not happy with my question then please remove it.

They'll leave them where they are because it's nothing to do with the EU and to do anything else is to cripple the flow of passengers and goods across the channel. Goods which include a lot of French Lamb coming our way and tourist £s going the other.

[Sylvaforever]

Smollet said:

Not exactly part of the economic plan but if Brexit prevails I wonder what the French will do to the border controls that are at present preventing illegal immigrants coming to the UK? I have a very cynical take that the next day they might just shrug their shoulders and wash their hands of it. If this issue should be addressed elsewhere and the OP Is not happy with my question then please remove it.

So we determine our voting preferences on what a member country of the EU may or may not do that may or may not affect illegal immigration across the channel.....

How about get out of the whole effing mess for starters?

As for the OP It's up to the government to decide the best way forwards in line with the DIRECT will of the people.

And THAT doesn't happen very often indeed.

Edited by Sylvaforever on Tuesday 14th June 12:46

[kurt535]

If border controls are desired by all, it is true we lose our border control 'over there'. I can't see French Police doing us a favour and pulling migrants off the 08:30 to St Pancras. Migration could, therefore, equally blow upend create more economic problems.

Again, it comes down to what happens D+1 and I am none the wiser.

[don4l]

Mario149 said:

This thread is very telling. Someone who voted Leave from a heart PoV is asking what the economic plan is and the 70-odd percent of Brexit supporters on PH can't give any half decent answer.

I think that the debate is now over. Project Fear has failed. Let's all try to be productive from here on.

I wonder if Cameron will do the honourable thing on Friday week, or will he try to cling on. We don't need another fiasco like when Brown tried to claim squatters rights.

[CrutyRammers]

stongle said:

CrutyRammers said:

Yeah, because, sod democracy, it's all about the money, right?

Pretty much. Most people vote with their pockets; the Brexit debate has done nothing but increase partisan politics. This in turn will return weaker governments (making it more difficult to pass reforming legislation).

I respect your honesty, if not your point of view.

[Jinx]

Mario149 said:

This thread is very telling. Someone who voted Leave from a heart PoV is asking what the economic plan is and the 70-odd percent of Brexit supporters on PH can't give any half decent answer.

So tell me what is the economic plan of staying in the EU? How is the Greek euro crisis going to be solved?

[kurt535]

don4l said:

Mario149 said:

This thread is very telling. Someone who voted Leave from a heart PoV is asking what the economic plan is and the 70-odd percent of Brexit supporters on PH can't give any half decent answer.

I think that the debate is now over. Project Fear has failed. Let's all try to be productive from here on.

I wonder if Cameron will do the honourable thing on Friday week, or will he try to cling on. We don't need another fiasco like when Brown tried to claim squatters rights.

9/4 to go within 2016 on paddy power: i have my £250 wagered.

[kurt535]

Jinx said:

Mario149 said:

This thread is very telling. Someone who voted Leave from a heart PoV is asking what the economic plan is and the 70-odd percent of Brexit supporters on PH can't give any half decent answer.

So tell me what is the economic plan of staying in the EU? How is the Greek euro crisis going to be solved?

Jinx, currently, from an economic perspective, lesser of the two evils. global economy having problems right now - reflected, like i keep worrying about - in the zero to negative yield bonds out there...

[fido]

don4l said:

I wonder if Cameron will do the honourable thing on Friday week, or will he try to cling on. We don't need another fiasco like when Brown tried to claim squatters rights.

Jacob Rees-Mogg discussed this on LBC yesterday morning (with none other than the most unbiased LBC presenter James O'Brien, not). He supports Cameron to stay on as they'll need to sort out trade deals etc. and Cameron is best placed to do all this. You could argue otherwise (on his previous performance) but he does know everyone in the EU and discussions would benefit from some continuum - rather than a Tory party election.

[Mark Benson]

fido said:

don4l said:

I wonder if Cameron will do the honourable thing on Friday week, or will he try to cling on. We don't need another fiasco like when Brown tried to claim squatters rights.

Jacob Rees-Mogg discussed this on LBC yesterday morning (with none other than the most unbiased LBC presenter James O'Brien, not). He supports Cameron to stay on as they'll need to sort out trade deals etc. and Cameron is best placed to do all this. You could argue otherwise (on his previous performance) but he does know everyone in the EU and discussions would benefit from some continuum.

Given his track record on negotiations with the EU so far, I favour the new broom approach myself. He's a known quantity to EU leaders as someone who will always side with them when the chips are down, he won't be negotiating from a position of strength.

[Jockman]

Emergency Budget?

Activation of contingency plans drawn up for Scottish Independence?

[kurt535]

1 hour ago: 10 year German govt bonds went negative as investors bought quality over probable uk exit......

http://www.bbc.co.uk/news/business-36526008

serious s**t!!

[lostkiwi]

kurt535 said:

1 hour ago: 10 year German govt bonds went negative as investors bought quality over probable uk exit......

http://www.bbc.co.uk/news/business-36526008

serious s**t!!

That is concerning.

[Derek Smith]

stongle said:

It's algos that force exaggerated market moves, not City W*nkers etc. Average execution on LSE 13 years ago 60k, today circa 5k. Let's not let facts get in the way of a sensible debate.

As for pricing in Brexit, only starting in earnest now. Seen some vol, but don't think anyone could be believe the collective stupidity of the U.K. electorate if this pans out per the opinions polls (hopefully wrong).

Leave campaign is a total sham, lost all credibility denouncing independent economic advice (the IMF are Cameron's lackeys? Tell that to Merkel when they were sticking one in her eye on Greece 3 weeks ago).

Hopefully this opinion poll (that's the referendum) is ignored, and we get back to normality. Anyone predicting the economic effects of this in days is an idiot of the highest order. We are looking at the medium to long term value destruction of companies - and an absence of a sensible plan (I'd love someone to tell me that post Brexit politics will be orderly but can't see that happening - ever. We could never capitilise on the opportunity of a Brexit - it was a question that should never been asked of the masses).

Greg66 said:

IME of threads on here, Leavers have no plan and take perverse pride in that. They regard it as someone else's job to sort out the mess.

Although they will assure you that (a) nothing will change, (b) everything will get better; (c) the appallingly corrupt EU will become our number 1 trusted trading partner; (d) Cameron will have to resign. Reconccile all four of those statements and you've unlocked the keys to the Leave hive mind.

Personally? I think the uncertainty of what happens next and in what period will hurt sterling, knock our credit rating and cause an interest rate rise. Liquidity and business turnovers will lower because people tend not to spend so much when things are uncertain. And after a couple of years when leavers realise that leave wasn't a magic bullet that cures all the problems in their lives there will be quite the backlash.

Got in two. There is no plan. If it wasn't so serious it would be hilarious, and probably is to those who will make money from it, which won't be us, even those throwing parties.