European Union - Ramifications

European Union - Ramifications

Author
Discussion

Jockman

17,912 posts

159 months

Tuesday 28th June 2016
quotequote all
Ozzie Osmond said:
sealtt said:
The key to having the maximum amount of 'sovereignty' (and we can take that to mean simply control over the rules that everyone plays by) is to be as big a player as possible globally, especially over the next 50 years. Being a leading member of the EU would surely be beneficial to this.
That is my view. However, it appears a majority of voters disagreed, believing that Britannia will rule the waves once more as soon as they get their industrial and agricultural communities away from the grip of the evil masterminds in London/Brussels and stop the immigration which has fuelled the British economy for the last few decades.
This is why the Remain campaign was defeated.

AnimalMother

1,295 posts

225 months

Tuesday 28th June 2016
quotequote all

As this is the finance forum, have a look at these numbers from Friday.


Global markets lost 2 trillion dollars on Friday (Reuters), there where roughly 17 million votes for leave.

So 2 trillion/17 million, each leave vote had a $117,647 effect on the global economy.


Who says there vote doesn't count....:-)

Ozzie Osmond

21,189 posts

245 months

Tuesday 28th June 2016
quotequote all
KimJongHealthy said:
We're facing severe budget cuts, pound value melting and no money to cover the difference in many years to come. That's a fact.
Well it may not be a fact at the moment, but IMO it will be a good description of reality in a couple of year time when we get to actual exit. Who on earth is going to invest anything in Britain unless and until they know the terms on which their international business will be conducted? Even the British won't invest in Britain until there's an answer to that question!

greygoose

8,225 posts

194 months

Tuesday 28th June 2016
quotequote all
KimJongHealthy said:
Why start topics and discuss anything at all then? Talking about new Porsche model next year serves no purpose since we don't know what's it going to be like. I think we can close Pistonheads and go home now. smile
Probably not the best example, it'll be like the last Porsche model wink .

Zoon

6,654 posts

120 months

Tuesday 28th June 2016
quotequote all
greygoose said:
Probably not the best example, it'll be like the last Porsche model wink .
With subtle styling tweaks.

Bodo

12,368 posts

265 months

Tuesday 28th June 2016
quotequote all
AnimalMother said:
As this is the finance forum, have a look at these numbers from Friday.


Global markets lost 2 trillion dollars on Friday (Reuters), there where roughly 17 million votes for leave.

So 2 trillion/17 million, each leave vote had a $117,647 effect on the global economy.


Who says there vote doesn't count....:-)
I like. You could also base this on the critical mass that was the advance of the majority: if 634,751 people had not voted for leave, but for remain, the result of the eu-ref had been different. Alas, each deciding vote is worth $3,150,841
(but this is assuming the global markets had not changed in case of a remain)

DonkeyApple

54,925 posts

168 months

Tuesday 28th June 2016
quotequote all
Ozzie Osmond said:
DonkeyApple said:
Do you think excessive wealth divides are morally acceptable?
yikes Welcome to the socialist republic of Britanistan.
Wealth at any cost is a pretty unpleasant attribute Ozzie. Besides, most people in the City who prance about playing the 'big I am' have been screwed by the ridiculous wealth divide and haven't even woken up to it. How many front office workers are able to buy a house in a proper part of London or pay 2/3 sets of non provincial school fees these days? How many are running property debt more than 3x annual income? How many have filled their pension? And yet so many think they are on the winning side of the wealth divide. biggrin

SELON

1,172 posts

128 months

Tuesday 28th June 2016
quotequote all
Here is the vision from the Leave camp (Patrick Minford):

"Over time, if we left the EU, it seems likely that we would mostly
eliminate manufacturing, leaving mainly industries such as design, marketing
and hi-tech. But this shouldn’t scare us."

So, it seems, Sunderland voted to become PR men (and women) instead of car makers.

No need to worry about those car manufacturers leaving or, indeed, the banks.

I will be designing robot butlers and flying cars.
smile

What's being debated on here is all good and rational. There are indeed reasons to be cautiously optimistic - hard work ahead etc to make it happen and also the contrary view - however we still have a black swan or two to put a few big spokes into the optimistic plans. The arguments for sunlit uplands on here more or less require consensus and teamwork to be the cornerstone of progress.

The leave campaign was a melting pot of disgruntlement and personal ambition at many levels of society. Now that side has won the argument, the next fight is amongst that lot for supremacy, not consensus.

Edited by SELON on Tuesday 28th June 16:56

Jockman

17,912 posts

159 months

NRS

22,080 posts

200 months

Tuesday 28th June 2016
quotequote all
DonkeyApple said:
Ozzie Osmond said:
DonkeyApple said:
Do you think excessive wealth divides are morally acceptable?
yikes Welcome to the socialist republic of Britanistan.
Wealth at any cost is a pretty unpleasant attribute Ozzie. Besides, most people in the City who prance about playing the 'big I am' have been screwed by the ridiculous wealth divide and haven't even woken up to it. How many front office workers are able to buy a house in a proper part of London or pay 2/3 sets of non provincial school fees these days? How many are running property debt more than 3x annual income? How many have filled their pension? And yet so many think they are on the winning side of the wealth divide. biggrin
Who cares, if you have that RR and a new iPod on the credit card you're winning! wink

London424

12,826 posts

174 months

Tuesday 28th June 2016
quotequote all
Jockman said:
Read the document itself that is hyperlinked...that's not for me!

Jockman

17,912 posts

159 months

Tuesday 28th June 2016
quotequote all
London424 said:
Jockman said:
Read the document itself that is hyperlinked...that's not for me!
That's my whole point smile

SELON

1,172 posts

128 months

Tuesday 28th June 2016
quotequote all
Just to add, I think a large part of the country will now see Nigel as taking the role of Lord Protector of the English. Any deal done with Europe that he doesn't like will be damned (cue scenes of Richard Harris throwing the mace).

That gives him a lot of power. He will sit in judgement of Boris or whoever.

DonkeyApple

54,925 posts

168 months

Tuesday 28th June 2016
quotequote all
SELON said:
Just to add, I think a large part of the country will now see Nigel as taking the role of Lord Protector of the English. Any deal done with Europe that he doesn't like will be damned (cue scenes of Richard Harris throwing the mace).

That gives him a lot of power. He will sit in judgement of Boris or whoever.
We can only hope that is not the case and that the actions post referendum of his acolytes will serve to speed up his side lining.

shakotan

10,679 posts

195 months

Tuesday 28th June 2016
quotequote all
Even Obama had back tracked on how serious Brexit will be for the UK.

http://www.express.co.uk/news/politics/684164/Brex...

DonkeyApple

54,925 posts

168 months

Wednesday 29th June 2016
quotequote all
First soft leak of what Boris' ultimate plan is:

http://www.ft.com/cms/s/2/8f2aca88-3c51-11e6-9f2c-...

I don't think the markets truly believe a full Brexit is going to happen. If Boris were to pull off becoming PM and also keeping the UK in the EU and getting the key concessions then it would be one of the largest master strokes of political achievement in many years.

grumbledoak

31,500 posts

232 months

Wednesday 29th June 2016
quotequote all

98elise

26,376 posts

160 months

Wednesday 29th June 2016
quotequote all
Makes you wonder the other 170 non EU countries survive not being a member.

We are (were?) the 5th largest economy in the world...I think we'll do ok outside the club.

AMDBSTony

Original Poster:

1,074 posts

166 months

Wednesday 29th June 2016
quotequote all
Do you not think that if the negative press machine was to cease and more positive scenarios were spread, most of the hysteria would subside and in turn boost the economy?

Obama has backtracked somewhat but wheres the positive reinforcement message regarding this?

Bad news tends to be better received than good and we Brits need to be more receptive to factual positive good news instead of all the newspaper selling drivel and opinion.

walm

10,609 posts

201 months

Wednesday 29th June 2016
quotequote all
AMDBSTony said:
Do you not think that if the negative press machine was to cease and more positive scenarios were spread, most of the hysteria would subside and in turn boost the economy?
Boost it above where it would have been if we voted Remain?
No.

Just in a presentation from a guy who handles $70bn + in marketing budgets.
His over-riding message was that what businesses want is certainty.
What the government wants to do now is to delay things as long as possible: they have no plan, evidently.
So he sees "corporates becoming even more cautious".

It's not a collapse in global GDP but certainly it doesn't help.