And also offers the chance of being worse. I suppose it depends how much of a gambler one is and if you're prepared to take a risk on something so important. I'm no gambler and I don't see the sense in such a big risk. Interestingly, a lot of the post referendum debate seems to be suggesting we will try to negotiate an exit arrangement which continues with trade agreements and still allows freedom of movement. If that is the case, wtf have we actually just "won back"? If the main pillars of the Leave campaign may not even be achieved then, as with the £350m for the NHS, it was all lies to gain votes. It would be laughable if it weren't so sad.
True. A lot of comments I've seen (not on here) refer to the need for change (in their opinion). Staying wouldn't have seen a change.
Its like they said, those with nothing to lose, unemployed, council estates etc, may as well vote for change as can it get worse for them?
If anyone things free movement would be negotiated they are mad...UK is not in shengan or however you spell the thing. Same for free trade. They can negotiate a sweet enough deal but there will be a us v them part to it. there had to be. Also if theres a referendum to vote out then why would there not be a referendum to approve whatever negotiated position is come to?
why not? the thing was its was REMAIN based on a NEGOTIATED PACKAGE... not remain as always was. Cameron negotiated a package of stuff he put to the people... the referendum was never about that but should have been it was about immigration, racism, anti euro feeling.... and people ignored the economic issues too
Yeah, that was what the S*n said a week ago from that Deutsche Bank report, that UK shares would initially fall less than European ones - that they somehow turned into 'outperforming'. What it actually means, in relative terms, is our economy is crashing less than Europe's - initially. But a market analyst on Sky has just confirmed that we will be in recession sooner rather than later. Whether we suffer less than some parts of Europe is irrelevant. Like justifying smashing your ship on the rocks because you think you'll survive in the water a bit longer than some of the others with you.
Whereas those with a mortgage (originally 100% and only recently reached equity levels that would enable them to move after 11yrs in the property) are ****ed!
I did say this repeatedly in the lead up to the referendum, anyone voting leave to stop immigration would be disappointed when they realise that one of the likely compromises for free access to the common market post brexit would be a continuation of free movement of labour. I've always been on the Leave side of the argument but it frustrates me how many people voted in the referendum for inaccurate reasons.
Europe is falling faster, but being bigger they'll be landing in snow We're falling slower, onto jagged rocks Plus halfway down Scotland says "**** this" and parachutes away from us
That acting in irrational spite is not the way to run a country, even if it feels good initially, whatever your motives and instincts may be.
http://www.cnbc.com/2016/06/24/ftse...uro-dollar-plummets-gold-spike-oil-price.html European stocks came off their session lows on Friday after plummeting at the open on the news that the U.K. had voted to leave the European Union (EU). The pan-European STOXX 600 was down 6.3 percent in afternoon trade, paring some earlier losses. London's FTSE 100 was off 2.4 percent and the French CAC traded around 7.1 percent lower. Germany's DAX index tanked as much as 10 percent before paring losses, to trade around 6.2 percent down in the afternoon. The unexpected result of the referendum sent sterling into freefall, hitting its lowest level against the dollar since 1985 in the early hours of Friday morning at around $1.341. It last traded at around $1.372. "What we're seeing now is the market reacting with complete shock and bewilderment as the results unfold. Volumes are thin but we're seeing unprecedented moves in the financial markets," Trevor Charsley, senior advisory at AFEX, a foreign exchange company, said in a note on Friday. Bank stocks were hardest hit, with the U.K.'s Barclays and the Royal Bank of Scotland as much as 20 percent lower in early trade. Crude oil prices tanked, while gold, a so-called safe-haven asset, spiked 5.5 percent. This helped stocks of precious metals miners Randgold Resources andFresnillo surge to the top of the FTSE 100. Outside of Europe, the U.S. Dow Jones Industrial Average dropped more than 400 points at the open, before paring some losses to trade 2.9 percent lower. The S&P 500 traded 2.6 percent lower. Asian stocks also slumped, with the Japanese benchmark Nikkei 225tumbling to close 7.9 percent lower. Central bankers stepped in to try and soothe the markets. Bank of England Governor Mark Carney said on Friday morning that the central bank would take additional measures to support U.K. banks and the broader economy if necessary. The European Central Bank (ECB) said it was closely monitoring financial markets and was "ready to provide additional liquidity, if needed, in euro and foreign currencies". Banks hammered Banks and financial services firms took a beating. Shares of U.K. banking giantsRBS,BarclaysandLloyds Banking Groupsunk by as much as 18 percent, 19 percent and 22 percent respectively, sharply underperforming theFTSE 100. European banks headquartered outside of the U.K. also fell steeply. Shares of Greek and Italian banks, which were already under pressure because of concerns about their bad debt piles, were notably poor performers. Shares of Alpha Bank and Eurobank Ergasias fell by 29 percent and 30 percent respectively, while Italy's Intesa Sanpaolo declined by up to 19 percent. Shares of French and German banks also tumbled, with Deutsche Banktrading 13 percent lower on Friday. "I'm afraid that this is not such a good day for Europe," Deutsche Co-CEO John Cryan said in a statement on the bank's website on Friday. "At this stage, we cannot fully foresee the consequences, but there's no doubt that they will be negative on all sides," he added. Asset managers also felt the heat. Aberdeen Asset Management andSchroders were down by as much as 20 percent before paring losses. Retailers, travel stocks slump British retailers were hit, likely due to fears of the effect the vote could have on consumer confidence and spending. Stocks like Next and Marks & Spencer plummeted. Travel and leisure stocks were also under pressure. Shares of budget airline EasyJet were down as much as 18 percent. Housebuilders felt the heat, due to uncertainty over investment in the U.K. post-Brexit. Taylor Wimpey and Persimmon were at the bottom of the FTSE 100, trading around 26 percent lower. ................. I think you should all wonder about your pensions.... banks hammered.. absolutely hammered today.
Haven't a clue mate. But I do know that relying on the finance sector has caused a lot of the issues that got us here...relying on the whims and gambles of millionaires playing global poker knowing we would pick up the tab. A centralised political class that removed itself from the people to suck on the finance tit. Industrialisation was a literal explosion in terms of time...got to stop looking back and saying...we've lost this...we no longer do that..it's done. Does it mean we can't decide to reintroduce certain manufacturing or other industries...tech? It won't look like the glory days and trying to go back to that will fail expensively.. We've turned a bit whiney as a people...always reasons something can't be done...why we can't compete with x y z.. Got to start somewhere...I'll be of no help there I'm not a pioneer of tech industry or whatever ...other than getting trained and job in what comes from it. Not remotely saying it'll be painless or easy but what else do we do?
If you'd read my previous comments (silly me, I've just realised who I'm replying to) you'd know that I've said all along that change is the main motivating factor, imo. There's always a load of things wrong, so people will vote for change in the hopes that it will improve them. It rarely does.
Why as immigration got to be racial linked? Why it can't simply be "we are full!"...? Not arguing whatever point you was making.
Boris, Loathsome and Gisela Stuart were specifically put on the spot to answer that point - and they couldn't. But it was rather drowned out in the the course of the evening by Boris's independence day guff and cack about Turkey.
Scotland aren't going anywhere. Firstly the SNP don't have a majority in the Scottish Parliament so won't manage to pass the call for a new referendum, secondly they would need approval from the uk government for it to be a binding referendum which they won't get having had a referendum so recently, thirdly the economics of Scottish independance don't work, they were previously based on strong, stable oil prices which are now volatile and less than half the price they were before. Then if you also take into consideration that a million more people voted in the Scottish independance referendum, with the result of staying, than voted in this eu referendum you'd have to come to the conclusion that there is more interest in staying as part of the U.K. than as part of Europe, so the grounds simply aren't there for a referendum.
But only if things go as "remain" claimed. Something they couldn't claim just two short months ago because they "didn't know what would happen". As I said earlier, far too much bullshit flying about from politicians.
