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sidicks

25,218 posts

221 months

Friday 1st July 2016
quotequote all
mike9009 said:
Sorry I missed the smile. I am firmly on your side and understand (some of) the financial ramifications......

1. Our £350M saving per week is rapidly disappearing.
2. No-one can tell me the red tape we will cut by leaving?
3. The biggest financial benefit offered for leaving is to our fishing industry.
4. Sterling is down, so buying anything foreign (or raw materials for industry) will increase our costs.
5. I am also looking forward to savings rates being slashed then suddenly increased as inflation goes north, job losses, political turmoil, general elections, racial tensions, rioting and then after ten years of chaos some stability.

I am normally optimistic about life (and still am in reality!) but this does worry me.

smilesmile

Mike
What sort of 'optimistic' person looks to an uncertain future and assumes only negatives?

youngsyr

14,742 posts

192 months

Friday 1st July 2016
quotequote all
Guvernator said:
Stickyfinger said:
youngsyr said:
(our relatively stable economy with a stable government with a stable currency have all gone out the window)
really ?....that was quick
Was just about to comment, it is a decent answer up to a point but yet again unnecessarily coloured by bias. Really, can we please leave the end of the world rhetoric alone now? We get it, the future is uncertain but uncertain does not mean the same as it's all out the window.
It's not "unnecessarily coloured by bias" in my view at all!

Do we have a stable currency?

Do we have a stable government?

Do we have a stable economy?

The answer to all 3 of those is clearly "No".




youngsyr

14,742 posts

192 months

Friday 1st July 2016
quotequote all
Stickyfinger said:
youngsyr said:
(our relatively stable economy with a stable government with a stable currency have all gone out the window)
really ?....that was quick
Indeed, presumably you think the PM resigning with no replacement in sight, the leader of the opposition suffering a coup, the £ dropping significantly against every major currency, the Governor of the BoE hinting heavily at a drop in interest rates to the lowest ever in history and all the other chaos is just business as usual then?



Elroy Blue

8,688 posts

192 months

Friday 1st July 2016
quotequote all
The headlines scream 'Easyjet leaving'. When you look beyond the headlines, it's actually just their legal department that employs 'tend' of people. Basically, they might move an office

WCZ

10,526 posts

194 months

Friday 1st July 2016
quotequote all
spoke to a few of my parents friends last night (56-62 y/o)

2 voted as a 'protest vote', didn't think it was actually going to make a difference and regretted it.
the other 2 voted 'because house prices are too high' (???)

now I've heard it with my own ears, I'm wondering how common these idiotic reasons were.

andy_s

19,400 posts

259 months

Friday 1st July 2016
quotequote all
WCZ said:
spoke to a few of my parents friends last night (56-62 y/o)

2 voted as a 'protest vote', didn't think it was actually going to make a difference and regretted it.
the other 2 voted 'because house prices are too high' (???)

now I've heard it with my own ears, I'm wondering how common these idiotic reasons were.
Idiots on both sides.

Guvernator

13,156 posts

165 months

Friday 1st July 2016
quotequote all
Again this was not a logical vote, no one is clever enough to now what the full ramifications would be, not even the alleged experts or people in power which is why I didn't vote. The fact that both sides seemed intent on clouding the issue further with lies and BS only made it worse. This was a heart over head vote no doubt about it but the blame again lies with the media and powers that be who rather than trying to remove some of the heat and emotion out of it seemed to go all out to do the exact opposite and only succeeded in fanning the flames. As someone said Cameron has a LOT to answer for.

1) He should have never made the promise of a referendum just to win an election when he probably would have won it without.

2) He should have timed the referendum properly to give everyone a chance to evaluate the decision properly and for some proper analysis of the different scenarios to be carried out. The vote was called too soon and they were very ill-prepared for the outcome.

3) He should have been impartial and used his media influence to try to clear up confusion rather feeding scaremongering soundbites which largely backfired.

4) And most importantly he shouldn't have resigned. You were largely responsible for this mess, at least have the balls to stick around and try to clean it up. I still don't understand why he resigned so soon?


Trabi601

4,865 posts

95 months

Friday 1st July 2016
quotequote all
andy_s said:
WCZ said:
spoke to a few of my parents friends last night (56-62 y/o)

2 voted as a 'protest vote', didn't think it was actually going to make a difference and regretted it.
the other 2 voted 'because house prices are too high' (???)

now I've heard it with my own ears, I'm wondering how common these idiotic reasons were.
Idiots on both sides.
This was far too big a question to give to the general population. Most people who voted seem to not have the slightest clue what they were actually voting for.

Stickyfinger

8,429 posts

105 months

Friday 1st July 2016
quotequote all
youngsyr said:
It's not "unnecessarily coloured by bias" in my view at all!

Do we have a stable currency?

Do we have a stable government?

Do we have a stable economy?

The answer to all 3 of those is clearly "No".
Do we have a stable currency? ...it will stabilise, most would of said it was overvalued prior to the referendum

Do we have a stable government? ..Yes, just a leader election as has happened in the past.

Do we have a stable economy? ...yes, some change will happen but it is in no way "unstable"

Balmoral

40,900 posts

248 months

Friday 1st July 2016
quotequote all
Guvernator said:
1) He should have never made the promise of a referendum just to win an election when he probably would have won it without.

2) He should have timed the referendum properly to give everyone a chance to evaluate the decision properly and for some proper analysis of the different scenarios to be carried out. The vote was called too soon and they were very ill-prepared for the outcome.

3) He should have been impartial and used his media influence to try to clear up confusion rather feeding scaremongering soundbites which largely backfired.

4) And most importantly he shouldn't have resigned. You were largely responsible for this mess, at least have the balls to stick around and try to clean it up. I still don't understand why he resigned so soon?
4 because he realised 1, 2 & 3. One of the biggest political miscalculations of modern times (albeit a long way off Blair and war).

Stickyfinger

8,429 posts

105 months

Friday 1st July 2016
quotequote all
$. He has not , he has given a working notice. I accept that limits some choices but it does not leave us without a PM

Guvernator

13,156 posts

165 months

Friday 1st July 2016
quotequote all
Balmoral said:
because he realised 1, 2 & 3. One of the biggest political miscalculations of modern times (albeit a long way off Blair and war).
I was fairly neutral about Cameron before this, not the best PM we've had but certainly not the worst either, that honour falls to Gordon Brown by a long chalk. However I've lost ALL respect for him after this fiasco. Cause one the biggest shakeup's in UK politics for decades and then wash your hands of it. What an utter utter berk. In years to come when tales are recounted of how to commit political suicide, Cameron will be the perfect study case.

AJS-

15,366 posts

236 months

Friday 1st July 2016
quotequote all
I expect we will see lots of headlines about companies relocating because of Brexit. Especially while they're desperately trying to find any possible way to reverse or ignore the decision. I also expect most will be overblown or will be attributed to Brexit even if they would have happened anyway.


Dick Dastardly

8,313 posts

263 months

Friday 1st July 2016
quotequote all
AJS- said:
I expect we will see lots of headlines about companies relocating because of Brexit. Especially while they're desperately trying to find any possible way to reverse or ignore the decision. I also expect most will be overblown or will be attributed to Brexit even if they would have happened anyway.
There's a company in my industry going round telling people that they've lost hundreds of thousands of pounds a year worth of contracts thanks to brexit. Have they balls. The main one they lost in May, I know because my friend won it (and he's uk based anyway). I think there will be quite a few businesses using brexit as a convenient excuse to blame losses or start restructures that would have happened regardless.

walm

10,609 posts

202 months

Friday 1st July 2016
quotequote all
Stickyfinger said:
Do we have a stable currency? ...it will stabilise, most would of said it was overvalued prior to the referendum

Do we have a stable government? ..Yes, just a leader election as has happened in the past.

Do we have a stable economy? ...yes, some change will happen but it is in no way "unstable"
Absolute rubbish.
"Most" would NOT have called the GBP over valued before the referendum.
In fact a lot of uncertainty was priced in.
Look how it soared to USD1.50 as traders thought Remain was going to win.

Before Brexit, we were going to see a little rate rise of some sort in the near future.
Now it's going to be a cut.

Right now - we have no PM. At the very moment when we desperately need someone to lead the country we won't have one until September.

And owing to the rapid move in currency and the risk around investing in a country facing serious trade negotiations they just aren't prepared for... people are actively pushing out UK investments.

I am literally looking at a Credit Suisse report showing how their Contstruction volume growth forecast for 2017 has dropped from +5% to -4%.
(They'll be wrong of course but it gives you an idea of the magnitude.)
Those sorts of swings are the very definition of unstable... aren't they...?

Stickyfinger - what would it take for you to describe the economy as unstable?
Given we aren't a third world country, nor about to be taken over by Russia... In relative terms of the developed world we are HUGELY unstable right now, IMHO.

Mrr T

12,234 posts

265 months

Friday 1st July 2016
quotequote all
Stickyfinger said:
Banks ?

More freedom to work the larger world markets, incoming banking taxes/controls in the smaller EU market

?? why move

(not an international banker)
EU financial services passporting.

Edited by Mrr T on Friday 1st July 16:06

jjlynn27

7,935 posts

109 months

Friday 1st July 2016
quotequote all
Trabi601 said:
This was far too big a question to give to the general population. Most people who voted seem to not have the slightest clue what they were actually voting for.
Pretty much sums up all the threads about ref.

Esseesse

8,969 posts

208 months

Friday 1st July 2016
quotequote all
AJS- said:
I expect we will see lots of headlines about companies relocating because of Brexit. Especially while they're desperately trying to find any possible way to reverse or ignore the decision. I also expect most will be overblown or will be attributed to Brexit even if they would have happened anyway.
Everything you previously got used to hearing 'because of Tory austerity' will now be 'because of Brexit'.

Esseesse

8,969 posts

208 months

Friday 1st July 2016
quotequote all
walm said:
Before Brexit, we were going to see a little rate rise of some sort in the near future.
Did you believe that? The Fed was going to raise rates 4 times this year too.

youngsyr

14,742 posts

192 months

Friday 1st July 2016
quotequote all
Stickyfinger said:
youngsyr said:
It's not "unnecessarily coloured by bias" in my view at all!

Do we have a stable currency?

Do we have a stable government?

Do we have a stable economy?

The answer to all 3 of those is clearly "No".
Do we have a stable currency? ...it will stabilise, most would of said it was overvalued prior to the referendum

Do we have a stable government? ..Yes, just a leader election as has happened in the past.

Do we have a stable economy? ...yes, some change will happen but it is in no way "unstable"
"It will stabilise"

"yes but,..."

"yes but..."

So, "No" then.