Could UK U-turn on Referendum Result
Discussion
lostkiwi said:
Just a thought...
As Article 50 requires an act of parliament there could be an easy way out of this for the government.
If it voted on as a free vote it is quite possible for the act to be rejected by parliament. As this would be a cross party vote no single party could be held accountable. This is especially true if the vast majority vote against the Act.
Ergo all parties are equally tarred but as we have an effectively two party state what will the electorate do about it?
They could vote in Labour next time (as the Conservatives will bear most of the brunt of any backlash)
They could vote in UKIP (and I can't help wondering of this is Farage's long game - he's an idiot but clearly not stupid).
If Article 50 is rejected by parliament the economy will recover relatively quickly and with little damage done either to our economy nor to our relationships with the EU (who will have had a wakeup call as the threat of article 50 has not entirely gone away as it could be resubmitted at a later date there still being a mandate from the people to leave).
The alternative is to carry on and push the button now (when the economy is in a pretty poor state with a negative balance of payments). At present we have no clear idea how to manage Brexit, no prior plans in place and will be in a poor bargaining position with the EU for trading rights. At best we could end up with a Norway deal which doesn't address any of the concerns of Brexit whilst at the same time reducing any influence we have. At worst if no agreement is found the EU cast us adrift and we trade under WTO rules which would likely be disastrous for the economy as the markets would be likely to react extremely badly to this scenario severely limiting the ability of the UK to repay current debts (expect to see the AA- credit rating we currently have drop even further) and limiting foreign investment.
Once the economy is better prepared for a Brexit Article 50 could then be invoked and a more orderly exit arranged.
Hogwash.As Article 50 requires an act of parliament there could be an easy way out of this for the government.
If it voted on as a free vote it is quite possible for the act to be rejected by parliament. As this would be a cross party vote no single party could be held accountable. This is especially true if the vast majority vote against the Act.
Ergo all parties are equally tarred but as we have an effectively two party state what will the electorate do about it?
They could vote in Labour next time (as the Conservatives will bear most of the brunt of any backlash)
They could vote in UKIP (and I can't help wondering of this is Farage's long game - he's an idiot but clearly not stupid).
If Article 50 is rejected by parliament the economy will recover relatively quickly and with little damage done either to our economy nor to our relationships with the EU (who will have had a wakeup call as the threat of article 50 has not entirely gone away as it could be resubmitted at a later date there still being a mandate from the people to leave).
The alternative is to carry on and push the button now (when the economy is in a pretty poor state with a negative balance of payments). At present we have no clear idea how to manage Brexit, no prior plans in place and will be in a poor bargaining position with the EU for trading rights. At best we could end up with a Norway deal which doesn't address any of the concerns of Brexit whilst at the same time reducing any influence we have. At worst if no agreement is found the EU cast us adrift and we trade under WTO rules which would likely be disastrous for the economy as the markets would be likely to react extremely badly to this scenario severely limiting the ability of the UK to repay current debts (expect to see the AA- credit rating we currently have drop even further) and limiting foreign investment.
Once the economy is better prepared for a Brexit Article 50 could then be invoked and a more orderly exit arranged.
Won't happen.
Re the bold:
Don't look in the mirror, just pick up a copy of the OED.
Idiot:
/ a stupid person
kurt535 said:
Fastdruid said:
I think in all honesty there would be rioting on the streets. It would be akin to the poll tax riots only potentially worse.
brexit v remain: the riot rematch....wonder who would win!paul789 said:
lostkiwi said:
Just a thought...
As Article 50 requires an act of parliament there could be an easy way out of this for the government.
If it voted on as a free vote it is quite possible for the act to be rejected by parliament. As this would be a cross party vote no single party could be held accountable. This is especially true if the vast majority vote against the Act.
Ergo all parties are equally tarred but as we have an effectively two party state what will the electorate do about it?
They could vote in Labour next time (as the Conservatives will bear most of the brunt of any backlash)
They could vote in UKIP (and I can't help wondering of this is Farage's long game - he's an idiot but clearly not stupid).
If Article 50 is rejected by parliament the economy will recover relatively quickly and with little damage done either to our economy nor to our relationships with the EU (who will have had a wakeup call as the threat of article 50 has not entirely gone away as it could be resubmitted at a later date there still being a mandate from the people to leave).
The alternative is to carry on and push the button now (when the economy is in a pretty poor state with a negative balance of payments). At present we have no clear idea how to manage Brexit, no prior plans in place and will be in a poor bargaining position with the EU for trading rights. At best we could end up with a Norway deal which doesn't address any of the concerns of Brexit whilst at the same time reducing any influence we have. At worst if no agreement is found the EU cast us adrift and we trade under WTO rules which would likely be disastrous for the economy as the markets would be likely to react extremely badly to this scenario severely limiting the ability of the UK to repay current debts (expect to see the AA- credit rating we currently have drop even further) and limiting foreign investment.
Once the economy is better prepared for a Brexit Article 50 could then be invoked and a more orderly exit arranged.
I don't disagree with any of the above, but what an absolute shambles the whole thing is! A distinctly British ball-drop.As Article 50 requires an act of parliament there could be an easy way out of this for the government.
If it voted on as a free vote it is quite possible for the act to be rejected by parliament. As this would be a cross party vote no single party could be held accountable. This is especially true if the vast majority vote against the Act.
Ergo all parties are equally tarred but as we have an effectively two party state what will the electorate do about it?
They could vote in Labour next time (as the Conservatives will bear most of the brunt of any backlash)
They could vote in UKIP (and I can't help wondering of this is Farage's long game - he's an idiot but clearly not stupid).
If Article 50 is rejected by parliament the economy will recover relatively quickly and with little damage done either to our economy nor to our relationships with the EU (who will have had a wakeup call as the threat of article 50 has not entirely gone away as it could be resubmitted at a later date there still being a mandate from the people to leave).
The alternative is to carry on and push the button now (when the economy is in a pretty poor state with a negative balance of payments). At present we have no clear idea how to manage Brexit, no prior plans in place and will be in a poor bargaining position with the EU for trading rights. At best we could end up with a Norway deal which doesn't address any of the concerns of Brexit whilst at the same time reducing any influence we have. At worst if no agreement is found the EU cast us adrift and we trade under WTO rules which would likely be disastrous for the economy as the markets would be likely to react extremely badly to this scenario severely limiting the ability of the UK to repay current debts (expect to see the AA- credit rating we currently have drop even further) and limiting foreign investment.
Once the economy is better prepared for a Brexit Article 50 could then be invoked and a more orderly exit arranged.
So they're either stupid and arrogant or duplicitous and arrogant.
Either way it's a sorry state for the country to be in.
Mrr T said:
loafer123 said:
Mrr T said:
I suggest your knowledge of financial services regulations is out of date. You cannot register a company and with a couple of employees its become a regulated entity. Regulators require most sales staff, all key individuals, from senior management to risk and compliance to be based in the country of the regulated entity. Regulator do not like the idea of finding a regulated entity is in breach of regulations and the managers are outside its jursdiction.
My guess is 400/500k jobs moving. Which in my view is a lot.
Given there are only 400k people working in the City of London, I think you are an idiot.My guess is 400/500k jobs moving. Which in my view is a lot.
My estimate is about 25% of the job will be lost if we lose financial services passporting.
Which suggests I may not be an idiot but you do seem to have some of the attributes.
TX.
Jimboka said:
Nothing to back out of. Referendum scraped through, largely based upon self confessed lies which a few million idiots believed. Just tear it up & carry on as before. Except commit more to the EU next time .
Yes idiots all 17m of of them. Racists, xenophobes and bigots too of course.TX.
Stay in the single market or lose our biggest tradable commodity to the EU... What exactly is the point of leaving again? I really hope the UK comes royally crashing down between now and October. Not a chance we will leave if the big banks actually want to leave London.
Doesn't bother me as much as I have both an English and an Irish passport, but I would feel very sorry for the amount of forward thinking people who are stuck in this mess.
Doesn't bother me as much as I have both an English and an Irish passport, but I would feel very sorry for the amount of forward thinking people who are stuck in this mess.
fooby said:
Stay in the single market or lose our biggest tradable commodity to the EU... What exactly is the point of leaving again? I really hope the UK comes royally crashing down between now and October. Not a chance we will leave if the big banks actually want to leave London.
Nice attitude. Obviously you don't care about self determination and democracy.thinkofaname said:
You only have to listen to Mervyn King. The idea that the City of London's status as a financial centre is heavily dependent on London being inside the EU is nonsense. It's to do with many other things, that pre-existed the single market and won't be going anywhere soon.
If you look at the history of world finance you can see the potential for the City to lose big here should this leave be carried out poorly (i.e. London based banks losing direct access to EU). The City of London will always be a big source of money & jobs for the UK, however it's status as the gateway to Europe is certainly in jeopardy even if it's status as being a key global financial centre is not.fooby said:
Tycho said:
Nice attitude. Obviously you don't care about self determination and democracy.
51.9% majority and pretty much every promise broken within the day? Yeah okay then. If there was another referendum today, we would remain. No doubt about it.fooby said:
Stay in the single market or lose our biggest tradable commodity to the EU... What exactly is the point of leaving again? I really hope the UK comes royally crashing down between now and October. Not a chance we will leave if the big banks actually want to leave London.
Doesn't bother me as much as I have both an English and an Irish passport, but I would feel very sorry for the amount of forward thinking people who are stuck in this mess.
With an attitude like that it's quite clear we'll be better off without you!Doesn't bother me as much as I have both an English and an Irish passport, but I would feel very sorry for the amount of forward thinking people who are stuck in this mess.
I think there could be another referendum. Not to annul the recent one but to get people to vote on how they envisage Brexit actually happening - something which should really have been considered in advance of last week's referendum ... . So, a Norway/Switzerland style of "independence" from the EU, completely and utterly adrift from the EU, or something else?
The average Brexiteer won't bother voting because they won't understand the question and will have lost interest anyway because Britain's Got Talent is back on the telly for another season. Instead there will be a more considered debate about the pros and cons and we might still be able to reduce (but not remove) the negative impact of last week's cock-up without the Brexiteers calling foul.
The average Brexiteer won't bother voting because they won't understand the question and will have lost interest anyway because Britain's Got Talent is back on the telly for another season. Instead there will be a more considered debate about the pros and cons and we might still be able to reduce (but not remove) the negative impact of last week's cock-up without the Brexiteers calling foul.
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