Discussion
robemcdonald said:
This is a silly, but genuine question. Could this be over turned by the House of Lords?
Would be somewhat ironic, but is it possible?
They can try but ultimately the Parliament Acts give the Commons supremacy in disputes with the upper chamber.Would be somewhat ironic, but is it possible?
The noble Lords have their hands tied by a combination of the above laws and by convention.
It would be absurd to have an elected chamber at the mercy of an unelected Cronies' Conference. Sometimes the government will amend legislation but they don't have to.
robemcdonald said:
This is a silly, but genuine question. Could this be over turned by the House of Lords?
Would be somewhat ironic, but is it possible?
Yes. In fact, it doesn't even need to go that far. The Commons could debate it and decide that leaving the EU isn't in the interest of the country, so do nothing. The referendum result isn't binding. It may be political suicide to ignore the result as there'll be some pretty grumpy people, but it may be decided that someone has to fall on their sword to stabilise everything. Would be somewhat ironic, but is it possible?
ALawson said:
To be fair to him, at last he's seems to have and to have had his eye on the ball for the past few days. Can't think of anyone else who hasn't simply been looking out for themselves.
Though he may well be looking for his next role. We'll see.
REALIST123 said:
ALawson said:
To be fair to him, at last he's seems to have and to have had his eye on the ball for the past few days. Can't think of anyone else who hasn't simply been looking out for themselves.
Though he may well be looking for his next role. We'll see.
Osborne said:
The British people have given us their instructions, there is much to do to make it work.
Not "much to do to run a second referendum" not "much to do to override the result because some people don't like it".REALIST123 said:
ALawson said:
To be fair to him, at last he's seems to have and to have had his eye on the ball for the past few days. Can't think of anyone else who hasn't simply been looking out for themselves.
Though he may well be looking for his next role. We'll see.
schmalex said:
robemcdonald said:
This is a silly, but genuine question. Could this be over turned by the House of Lords?
Would be somewhat ironic, but is it possible?
Yes. In fact, it doesn't even need to go that far. The Commons could debate it and decide that leaving the EU isn't in the interest of the country, so do nothing. The referendum result isn't binding. It may be political suicide to ignore the result as there'll be some pretty grumpy people, but it may be decided that someone has to fall on their sword to stabilise everything. Would be somewhat ironic, but is it possible?
MP's are (or should be) duty bound to act on behalf of and in the best wishes of their constituents and enough feel the deal isn't good enough for them and the country it's bye, bye Brexit.
As you suggest the referendum was really nothing more than a straw poll and it is not legally binding. I'm not convinced it will happen currently and it;s going to drag on for years
Derek Smith said:
REALIST123 said:
ALawson said:
To be fair to him, at last he's seems to have and to have had his eye on the ball for the past few days. Can't think of anyone else who hasn't simply been looking out for themselves.
Though he may well be looking for his next role. We'll see.
Not a bad one, given the amount of people talking the country down because they were on the wrong side of the result and want to be able to point and sneer when their self-fulfilling prophecy arrives. These selfish dangerous people can influence the markets so it's good to see some sense emerging even if it's crawled out of a bunker a little on the late side.
dandarez said:
Doomsayer! Why don't you hibernate early?
Just accept it. YOU LOST!
Re the Euro (remember the bulls
t 10 years ago saying the Euro could overtake the dollar as the leading currency?)
Ha fking ha ha.
Saturday £ was 1.20/€.
Societe Generale predicted 1.15/1.1337 - not happening if it's now 1.2165/€.
Pound/Dollar
Currently 1.00/1.34226
Considering the upheaval, it's inevitable that the uncertainty will cause some chaos, but it's not falling as fast as doomsayers like you are predicting, eh?
Give it some time. Weeks months or longer.
What you have to accept is that we all lost, whether the word is capitalised or not.Just accept it. YOU LOST!
Re the Euro (remember the bulls
t 10 years ago saying the Euro could overtake the dollar as the leading currency?)Ha f
king ha ha.Saturday £ was 1.20/€.
Societe Generale predicted 1.15/1.1337 - not happening if it's now 1.2165/€.
Pound/Dollar
Currently 1.00/1.34226
Considering the upheaval, it's inevitable that the uncertainty will cause some chaos, but it's not falling as fast as doomsayers like you are predicting, eh?
Give it some time. Weeks months or longer.
To suggest that the rate is solely governed by the exit vote is England centric in the extreme. There are other factors. One only has to look to Spain, no left with deadlock again, to realise that us leaving might not be the major problem for the EU.
What one should take into account is what would have happened to the £ against the Euro if we'd stayed. Most people suggest it would have shot up.
The rate of exchange is going to take a hit with the fight for the tory leadership, and more so if Johnson wins. The fight for the labour leadership will have little effect I would assume but, like most people, I have no idea.
Derek Smith said:
dandarez said:
Doomsayer! Why don't you hibernate early?
Just accept it. YOU LOST!
Re the Euro (remember the bullst 10 years ago saying the Euro could overtake the dollar as the leading currency?)
Ha fking ha ha.
Saturday £ was 1.20/€.
Societe Generale predicted 1.15/1.1337 - not happening if it's now 1.2165/€.
Pound/Dollar
Currently 1.00/1.34226
Considering the upheaval, it's inevitable that the uncertainty will cause some chaos, but it's not falling as fast as doomsayers like you are predicting, eh?
Give it some time. Weeks months or longer.
What you have to accept is that we all lost, whether the word is capitalised or not.Just accept it. YOU LOST!
Re the Euro (remember the bulls
t 10 years ago saying the Euro could overtake the dollar as the leading currency?)Ha f
king ha ha.Saturday £ was 1.20/€.
Societe Generale predicted 1.15/1.1337 - not happening if it's now 1.2165/€.
Pound/Dollar
Currently 1.00/1.34226
Considering the upheaval, it's inevitable that the uncertainty will cause some chaos, but it's not falling as fast as doomsayers like you are predicting, eh?
Give it some time. Weeks months or longer.
Not a chance we all lost. Some Remainians think they 'lost' and are basically s
t-stirring out of petulance...also the realisation that like the BBC they are the ones out of step.Derek Smith said:
REALIST123 said:
ALawson said:
To be fair to him, at last he's seems to have and to have had his eye on the ball for the past few days. Can't think of anyone else who hasn't simply been looking out for themselves.
Though he may well be looking for his next role. We'll see.
They're a solid pair of hands and ironically, the Remainers would likely have much more confidence in Leave if these two were on the other side of the fence.
From that perspective, I hope that Osborne stays on as CE at least.
turbobloke said:
That's a plan. Settle the markets by making a calm but upbeat statement.
Not a bad one, given the amount of people talking the country down because they were on the wrong side of the result and want to be able to point and sneer when their self-fulfilling prophecy arrives. These selfish dangerous people can influence the markets so it's good to see some sense emerging even if it's crawled out of a bunker a little on the late side.
I agree. He was surprisingly impressive and somewhat reassuring that sanity prevails somewhere at least. I don't like him but I'm glad that he's apparently doing what's needed at the moment.Not a bad one, given the amount of people talking the country down because they were on the wrong side of the result and want to be able to point and sneer when their self-fulfilling prophecy arrives. These selfish dangerous people can influence the markets so it's good to see some sense emerging even if it's crawled out of a bunker a little on the late side.
I'm not sure why a low pound sterling is being reported exclusively as a bad thing. Surely if we are looking to increase manufacturing exports and maybe even buy more British goods ourselves, then a lower pound has some positive effects too? We are told on an almost weekly basis that membership of the Euro has benefitted German manufacturers by making their products relatively cheap to overseas buyers.
Camoradi said:
I'm not sure why a low pound sterling is being reported exclusively as a bad thing. Surely if we are looking to increase manufacturing exports and maybe even buy more British goods ourselves, then a lower pound has some positive effects too? We are told on an almost weekly basis that membership of the Euro has benefitted German manufacturers by making their products relatively cheap to overseas buyers.
It makes things a lot more expensive for UK consumers.Recessions are usually consumer-led.
The bank may be forced to lower rates to help the consumer out and then the pound will weaken further.
Repeat.
motco said:
turbobloke said:
That's a plan. Settle the markets by making a calm but upbeat statement.
Not a bad one, given the amount of people talking the country down because they were on the wrong side of the result and want to be able to point and sneer when their self-fulfilling prophecy arrives. These selfish dangerous people can influence the markets so it's good to see some sense emerging even if it's crawled out of a bunker a little on the late side.
I agree. He was surprisingly impressive and somewhat reassuring that sanity prevails somewhere at least. I don't like him but I'm glad that he's apparently doing what's needed at the moment.Not a bad one, given the amount of people talking the country down because they were on the wrong side of the result and want to be able to point and sneer when their self-fulfilling prophecy arrives. These selfish dangerous people can influence the markets so it's good to see some sense emerging even if it's crawled out of a bunker a little on the late side.
They can't help themselves. Constant negativity.
Camoradi said:
I'm not sure why a low pound sterling is being reported exclusively as a bad thing. Surely if we are looking to increase manufacturing exports and maybe even buy more British goods ourselves, then a lower pound has some positive effects too? We are told on an almost weekly basis that membership of the Euro has benefitted German manufacturers by making their products relatively cheap to overseas buyers.
I suspect we import a lot more than Germany?walm said:
It makes things a lot more expensive for UK consumers.
Recessions are usually consumer-led.
The bank may be forced to lower rates to help the consumer out and then the pound will weaken further.
Repeat.
But surely that's on the basis that we can't change our economy to a different, more manufacturing and export led model.Recessions are usually consumer-led.
The bank may be forced to lower rates to help the consumer out and then the pound will weaken further.
Repeat.
It makes IMPORTED things a lot more expensive for UK consumers.
It will make British made products more attractive to overseas buyers.
If low currency rates work for Germany, why could they not work for us?
Puggit said:
Camoradi said:
I'm not sure why a low pound sterling is being reported exclusively as a bad thing. Surely if we are looking to increase manufacturing exports and maybe even buy more British goods ourselves, then a lower pound has some positive effects too? We are told on an almost weekly basis that membership of the Euro has benefitted German manufacturers by making their products relatively cheap to overseas buyers.
I suspect we import a lot more than Germany?Bingo!
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