It was inevitable that sterling would take a hit with a leave vote, but I don't think it will be long term
It certainly does seem to be the case that many remainers are blaming their defeat on the immigration issue. That horrible cow Anna Soubrey was on a question time special earlier saying exactly the same thing. Even now the racism card is being played.
Just because people want the government to get a grip of immigration doesn't necessarily make them racist, but then that doesn't sell newspapers
I'm sure your right but It's the knock on effect to business and growth and investment into the country. Uncertainty causes instability. Let's get strong leadership and direction. Feels we are rudderless at the moment
I agree, Cameron's all too quick decision to jump ship hasn't helped. The markets should settle now the result is known, unfortunately it wasn't the result the financial institutions were expecting.
Here's a conundrum on democracy- The Tories not wanting to be outed by the angry youth who will be elegable and fired up to vote at the next election call a snap election that will also give them a stronger mandate to take us out, in the mean time Labour manage to dethrone Corbyn and get a party leader who could win an election, the election is run with Labours mandate clearly stating they will not take us out the eu, we are left with a hung parliament and in the resulting mess end up with a Labour government propped up by SNP and Lib Dems who both also have pro eu mandates, the resulting government reject the non binding referendum as they have been democractically elected under a pro eu flag, would the leavers be happy that democracy has had its say? Thoughts?
Sadly Hoops Eternal i cannot see how you can say that about the markets. I think you will find that the pound will be dropping for some time. The markets are panicking and with all the uncertainty it will cost us. Due to Brexit the world had 2.6T wiped off stocks. It cannot drop that much one week and expect to be okay the next. The ripple effect will be hitting us for some time. HSBC will be shifting 1000 jobs to Europe (this is natural) so once again the pound will fall.
Trust me the markets won't settle for a while yet. They will be very news sensitive for a while yet. They are still running at a discount which is good but the markets like stability and we won't have that for a while.
People like this bloke in Romford I'd guess Col Just google Brexit Racism and a long and depressing list of incidents from a variety of sources, including the Telegraph and Washington Post, comes up. Of course they haven't all been verified. It may be the same every weekend, just reported more this particular weekend. I don't really want to post the links because the contents make me feel nothing but shame. You are right to be horrified by any association of voting leave and racism. Several Brexit campaigners made it very clear that there was no question of repatriation and I honestly don't think the leaders of the Vote Leave campaign have an iota of racism about them. There is a totally legitimate debate about levels of immigration, which was a key part of this referendum. It is unfair to infer anything about the motivations of the vast, vast majority of leave voters. Farage, however, with his poster of asylum seekers who would never be coming to the UK, and threats of increased sexual assaults from immigrants, cannot claim innocence. The result has been hijacked by a hopefully very small minority of scum to promote their vile, inadequate ideas. And their existence is likewise being exploited by some sore loser Remain campaigners. The whole thing stinks. But I don't think it can be brushed off solely as Remainers throwing mud. I've tried very hard to make this a non confrontational post, hopefully successfully. On a slightly brighter note, though of less interest to us now, German MPs and Czech foreign minister blaming Brexit on Juncker and saying he should be sacked. Too ****ing late sadly.
Two problems there, Labour members elect the leader, so Corbyn goes you get another unelectable leader and it's Labour heartlands in the north that want out of the EU, so they'll all vote UKIP... Labour are light years away from ever winning a General Election...
Spirited debate from both sides as usual and largely respectful too. This will be of interest to both sides. http://indy100.independent.co.uk/ar...-david-cameron-and-brexit-is-true--bJhqBql0VZ It appears clear from that, and from my discussion with one of our local MPs today, that this referendum is advisory and not binding until such time as ratified by a vote in Parliament. This MP told me that there is a 30% chance this referendum will not be ratified due to a number of possibilities. I sent this link to a mate who voted out and he felt that there would be riots if not ratified. Posters on here have said the same thing. If it is the wrong decision for the UK (and I will concede there is an 'if' about that), then better some short term pain from riots than consigning us to the political and economic dark ages. With sincere respect to all on here, this is not over just yet.
Sorry RTID but it's done and dusted. I have listened to MP's that were in the remain camp who have said they have accepted the result and there will be no new referendum. We are a democratic country and abide by those rules, the Brexit team won and all should abide by that result otherwise we are not a democratic country. I wouldn't get your hopes up on a few rumours and articles from 'remain' papers that are trying to give false hope.
Also, a note about racism. It does appear that folks who have always been racists now feel a bit more bold. See http://www.bbc.co.uk/news/uk-england-cambridgeshire-36633388 for example and I'm told the Polish Centre in Hammersmith has had racist graffiti daubed on it. They will very rapidly realise that our anti-racist laws are just as robust today after the referendum as they were before as they will find to their detriment in due course.
The day MPs refuse to accept a legally held referendum will be the beginning of the end for democracy in this country. Remember, there was a majority of over 1.269 million votes. However unpalatable such a result may be for some that was how it finished up...
The referendum was shockingly poorly designed though. It should have been made mandatory, like the AV one was, rather than advisory, then we could have avoided all this bollocks. Cameron's fault.
Just watched the whole question time programme from earlier. It was so biased against ukip it was unreal. I'm no ukip supporter and I can't stand Paul Nuttall, but Dimbleby gave the likes of Diane Abbott and Salmon ages to rant, but gave Nuttall barely 10 seconds at a time to speak. Scandalous!
