European Union - Ramifications
Discussion
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. 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....:-)
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!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.
Probably not the best example, it'll be like the last Porsche model .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 $3,150,841Global 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....:-)
(but this is assuming the global markets had not changed in case of a remain)
Ozzie Osmond said:
DonkeyApple said:
Do you think excessive wealth divides are morally acceptable?
Welcome to the socialist republic of Britanistan.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.
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.
"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.
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
DonkeyApple said:
Ozzie Osmond said:
DonkeyApple said:
Do you think excessive wealth divides are morally acceptable?
Welcome to the socialist republic of Britanistan.Jockman said:
Read the document itself that is hyperlinked...that's not for me!London424 said:
Jockman said:
Read the document itself that is hyperlinked...that's not for me!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.
That gives him a lot of power. He will sit in judgement of Boris or whoever.
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. That gives him a lot of power. He will sit in judgement of Boris or whoever.
Even Obama had back tracked on how serious Brexit will be for the UK.
http://www.express.co.uk/news/politics/684164/Brex...
http://www.express.co.uk/news/politics/684164/Brex...
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.
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.
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.
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.
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.
Gassing Station | Finance | Top of Page | What's New | My Stuff