European Union - Ramifications

[Dr Jekyll]

ATG said:

You may fail to see how it will effect jobs, but anyone who understands economics can see it clearly.

Go on then, enlighten those of us who just have BSCs in Economics, MBAs and accountancy qualifications.

[anonymous-user]

grumbledoak said:

bitwrx said:

Yeh. fk you, you old fking fks.

Charming. Have you seen the youth unemployment figures from Spain, Portugal, Italy, Greece? That's what you had coming with Remain.
http://ec.europa.eu/eurostat/statistics-explained/...

That's because the youngsters are lazy and probably too busy posting selfies to Insta to realise they should be out voting. Oldies know where it's at.

[CS Garth]

tofts said:

I have said for years that coming out of the EU will make the country stronger in the long run. people are looking at the short term "oh the £ is going to crash" blah blah. Yes it will, and for a few years there will be a degree of uncertainty. BUT, as years roll on, we will start to find that as imports become expensive, exports become lucrative. More businesses will crop up out of the woodwork, we will start manufacturing again and bring Britain back to power.

As said above, all the people predicting doomsday and generally upset, lets just get on with it and make it work rather than sulk at how it didn't go the right way?

It isn't sulking - it is lamenting that a large amount of people failed to understand the consequence of their vote. I admire the proud simplicity of the "lets roll up our sleeves and get on with it" but we might find that with many of our international friends now feeling cold shouldered we might find the task challenging with un-cooperative partners and rocks being thrown in our direction. Notwithstanding, we'll find no such issues with international capital. That just goes where the reward is - whether people see that as being the uk going forward remains to be seen

[andy_s]

tofts said:

...we will start manufacturing again and bring Britain back to power.

Manufacturing? Power?

Maybe open a few pits, colonise a few countries and get a 'our' empire back while we're at it.

Fortunately we enjoy a quality of political leadership that will undoubtedly be able to make the best of things, as they've always done...

[PoleDriver]

Bloody hell, CMD has resigned! (by October)

Roll on Boris!

[Wombat3]

KimJongHealthy said:

Willy Nilly said:

MikeTFSI said:

How on earth have we let this happen? What next Trump in the White House?

Give angry people a vote and they will pick change, regardless of the consequences.

This seems to be what happens when politicians don't listen. Rightly or wrongly people have been very concerned about the EU, how it works and what it does for individuals, these concerns haven't been adequately addressed and the public has spoken.

It's not yet 07:15 on the morning after the referendum yet and there is a lot of negotiations to come, so sit down and strap yourself in.

For the record, I voted remain.

I couldn't have said it better myself. I think this outcome is a big mistake but this is what happens when EU politicians impose ideas against people who elected them and label anyone who dares to ask inconvenient questions a nazi-baby-murdering-racist-bigot. It's a wake-up call for EU more than anything else or soon other countries might follow.

+1 I'm not a little angry about this, but I don't blame the 17.4 million people who said, "do ya know what? fk this".

The reasons this has happened are entirely down to the EU, those that run it, the way it has been run, and the failure to listen to, understand and properly address the concerns of people in the UK - whatever the level of their education.

The EU needs to ask itself some serious questions as to how it let this happen. I very much doubt it will - which in turn quite possibly tells you just about everything you need to know about it.

Onwards & upwards, bleating about it isn't going to change anything.

[CS Garth]

Indeed, lnow the loss of the pm. The biggest event of our lifetime is now in the finance section of a virtual pub.

General gassing will be chokka block of the consequences down the line ie new car registrations down, Petrol prices up (we buy in dollars remember), finance more expensive. It staggers me how some people don't get the significance of this. A bit like us winning the World Cup and then a newspaper editor insisting it stay in the back page "cos it's sport"

[remkingston]

I thought you lot were all for Leave?

[berlintaxi]

remkingston said:

I thought you lot were all for Leave?

No, just got shouted down by the brexiters every time you tried to debate it, hence most kept their thoughts to themselves.

[Pieman68]

I'm going to try to be rational about this.

I have to admit to having grave concerns about the EU and the status quo and was undecided.

On the one side I work in a sales role dependant upon my customers spending money. My short term concern is a financial constriction that will see my customers stop/slow down their spending - therefore impacting upon me hitting targets and earning money. On the other side I had genuine concerns in relation to uncontrolled immigration and control of EU budgets/accountability

On the one side, I am not on the property ladder and can see a leave vote causing a constriction in the housing market, which will possibly make it easier for me to get back onto it and MAY help my children in the long term. On the other I can see a lot of people struggling with negative equity and the financial implications of large numbers of repossessions and a reduction in disposable income. More expensive imports leading to a rise in the cost of goods plus a reduction in disposable income = bad news for the economy. Add to that a reduction in tax take and can see austerity so far being a drop in the ocean compared to what may have to come about

In the end I voted remain, but with a view that a close vote would give a strong mandate to our government that severe change was needed

The massive irony is that the majority of people who shouted the loudest after the last GE about a lack of democracy and a government that they didn't vote for. That we need to look after those less fortunate than ourselves - the socialist vote. Those same people appear to be the strongest advocates of leave - from the only socialist governance that they currently have where taking from the richer countries in order to give to the poorer was the done thing

[AMDBSTony]

Looking more likely that the EU will implode - looks like UK leaving will turn into a mass exodus........just my opinion

[ATG]

Dr Jekyll said:

ATG said:

You may fail to see how it will effect jobs, but anyone who understands economics can see it clearly.

Go on then, enlighten those of us who just have BSCs in Economics, MBAs and accountancy qualifications.

Really? All else equal, do you think a huge amount of uncertainty and trade terms that can only get worse are going to encourage people to expand their UK businesses? Did you not notice the huge number of businesses that said they'd be better off in the EU? Do you think "worse off" means "likely to invest and create jobs"??

[shakotan]

CS Garth said:

loose cannon said:

CS Garth said:

We are on the brink of financial disaster - this is a disaster. All of the outers will get their wish, total financial meltdown

Oh silly silly little Englanders who had no true understanding of the consequences of their actions. I hope they are pleased

The fact the eu was about to collapse on its arse is irrelevant no

The sky is falling, the sky is falling!

Exchange Rates will be back around yesterday's level by this time next week, its just a market reaction to an event.

The Euro drops 3 points every time Merkel sneezes.

[Hugo a Gogo]

grumbledoak said:

Hugo a Gogo said:

There you have it, the leave voter

Magnanimous in defeat, the Remainder.

I didn't have a vote

[ATG]

tofts said:

I have said for years that coming out of the EU will make the country stronger in the long run. people are looking at the short term "oh the £ is going to crash" blah blah. Yes it will, and for a few years there will be a degree of uncertainty. BUT, as years roll on, we will start to find that as imports become expensive, exports become lucrative. More businesses will crop up out of the woodwork, we will start manufacturing again and bring Britain back to power.

As said above, all the people predicting doomsday and generally upset, lets just get on with it and make it work rather than sulk at how it didn't go the right way?

The only economist of any note who backed Brexit is forecasting the loss of almost all UK manufacturing. He thinks the future is the service sector. The service sector said they'd do better is we stayed in the EU, of course, but why listen to them, eh?

This mantra of "let's just make it work" ... it's the level of detail in that plan that really fills me with confidence.

[MX51ROD]

Ozzie Osmond said:

One thing is certain - a lot of Brits are going to find their summer holiday abroad just got a LOT more expensive!

Not this year,I hedged my bets,and stocked up with euros couple of days ago and got good rates,crossings and accommodations already paid for

[Speed 3]

ATG said:

tofts said:

I have said for years that coming out of the EU will make the country stronger in the long run. people are looking at the short term "oh the £ is going to crash" blah blah. Yes it will, and for a few years there will be a degree of uncertainty. BUT, as years roll on, we will start to find that as imports become expensive, exports become lucrative. More businesses will crop up out of the woodwork, we will start manufacturing again and bring Britain back to power.

As said above, all the people predicting doomsday and generally upset, lets just get on with it and make it work rather than sulk at how it didn't go the right way?

The only economist of any note who backed Brexit is forecasting the loss of almost all UK manufacturing. He thinks the future is the service sector. The service sector said they'd do better is we stayed in the EU, of course, but why listen to them, eh?

This mantra of "let's just make it work" ... it's the level of detail in that plan that really fills me with confidence.

A lot of parallels with Trump's traction in the US, not a lot of policy & planning. Also reminds me a bit of invading countries without an exit plan that takes account of how things will actually work out.

Do we think the shockwaves within the EU will actually balance out the immediate step changes in the UK markets in terms of future rates, prices and investment over the next month or two ?

My biggest concern is the muppet politicians of all colours (in a party sense before anyone presumes otherwise) who are now tasked with steering rational policies and negotiations forward.

[Durzel]

CS Garth said:

Indeed, lnow the loss of the pm. The biggest event of our lifetime is now in the finance section of a virtual pub.

General gassing will be chokka block of the consequences down the line ie new car registrations down, Petrol prices up (we buy in dollars remember), finance more expensive. It staggers me how some people don't get the significance of this. A bit like us winning the World Cup and then a newspaper editor insisting it stay in the back page "cos it's sport"

Bad analogy to be honest. Us winning the World Cup is just sports news. If you don't care about football it's mostly irrelevant. This on the other hand will effect everyone whether they have any knowledge or respect for it or not.

[JakeT]

The potential for Boris to be the next PM is salt in the wound.

[Robertj21a]

X5TUU said:

I'm pleased with the result

I'm also interested in the ripples across Denmark, Italy, France etc... for their own EU referendums for in/out

Quite. It looks like the Netherlands may consider similar action sooner than later and that should help bring down a few more dominoes. Just a shame really that the EU can't see what others believe to be their failings.