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Author Topic: Brexit  (Read 167571 times)

rcjordan

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Brexit
« on: June 14, 2016, 11:08:57 PM »
Four polls put the “Leave” campaign ahead of “Remain” as Rupert Murdoch's Sun Tabloid Urges Britons to Quit the EU, sending stocks and the pound down.

http://www.bloomberg.com/news/articles/2016-06-13/four-polls-put-u-k-on-course-to-leave-eu-as-sun-backs-brexit
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BoL

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Re: Brexit
« Reply #1 on: June 15, 2016, 01:17:59 AM »
If it happens, there's the knock on effect of whether individual UK countries wanted to remain or not... and even if there'll be an EU to be in if Scotland decided to go down the indie referendum route... again. It's a pretty big gamble.

The EU love-in of countries is certainly going through a rocky patch.
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Rooftop

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Re: Brexit
« Reply #2 on: June 15, 2016, 07:01:08 AM »
The uncertainty is costing us already.  The pound dropping sharply against the dollar has cost us 2 US customers already.
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Rupert

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Re: Brexit
« Reply #3 on: June 15, 2016, 09:18:41 AM »
We are stuffed if we are in and stuffed if we are out.
From a retail perspective, (present company excluded, as I suspect most here still have the agility to ride it) it has been a pretty poor year. < imho>.

Just looking at jobs lost we are heading for the worst year since 2007:
http://www.retailresearch.org/whosegonebust.php

And neither result will solve that.

added:  If you are betting, as far as elections go, I understand the Sun normally drives the result, which means we are likely to be coming out.

I swing both ways... it depends if we are on and odd or even day of the month I think. But am currently voting in with a very heavy heart. The fallout from coming out is going to be huge in Europe</again imho>

But then the cost of staying in will be high too. Its not going to be pretty... and I tend to think of myself as an optimist....
« Last Edit: June 15, 2016, 09:22:49 AM by Rupert »
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sugarkane

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Re: Brexit
« Reply #4 on: June 15, 2016, 11:09:10 AM »
> uncertainty

A friend of mine here in Austria works for a large agricultural machinery manufacturer. They've just dumped their main UK parts supplier, preferring to deal with an Irish company who can be counted on to remain in the EU (so long as it lasts, that is). I suspect there's a lot of that going on.
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Mackin USA

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Re: Brexit
« Reply #5 on: June 15, 2016, 12:08:20 PM »
If the vote is to EXIT the world could go DEEPER into recession or WORSE

IMFO
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Brad

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Re: Brexit
« Reply #6 on: June 15, 2016, 09:45:56 PM »
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Rooftop

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Re: Brexit
« Reply #7 on: June 16, 2016, 09:31:27 AM »
Quote from: Brad on June 15, 2016, 09:45:56 PM
Per Google more Brits searching for leave than remain.

http://www.theinquirer.net/inquirer/news/2461697/brexit-more-brits-are-searching-for-leave-than-remain-says-google

Hopefully this is because they're double checking whether there is any actual argument for leaving that makes sense.  Literally did this myself the other day. I'm a staunch supporter of us staying in the EU, but did look for any sensible sites with good arguments to stay.

I still suspect that the tabloids will decide this though.
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Mackin USA

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Vote Leave said over subsequent sessions of Parliament it wanted to introduce:
« Reply #8 on: June 16, 2016, 11:33:17 AM »

    Finance Bill - This would abolish the 5% rate of VAT on household energy bills by amending the Value Added Tax Act 1994. It would be paid for by savings from the UK's contributions to the EU budget, Vote Leave said
    National Health Service (Funding Target) Bill - The NHS would receive a £100m per week real-terms cash "transfusion", to be paid for by savings from leaving the EU
    Asylum and Immigration Control Bill - "To end the automatic right of all EU citizens to enter the UK"
    Free Trade Bill - The UK leaves the EU's "common commercial policy" to "restore the UK government's power to control its own trade policy"
    European Communities Act 1972 (Repeal) Bill - The European Communities Act 1972, "the legal basis for the supremacy of EU law in the UK", will be repealed. "The EU Treaties will cease to form part of UK law and the European Court's jurisdiction over the UK will end," said Vote Leave.

Source BBC
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Mr. Mackin

Mackin USA

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Re: Brexit
« Reply #9 on: June 19, 2016, 01:19:14 PM »
Barry Lloyd and Andy Atkins-Krueger shared Paula Kirby's photo.

They posted:
It is 0.5% of our expenditure. Approximately, £8.5 billion a year currently. Sounds a lot of money but Brexit fears have knocked £100 billion from the value of FTSE companies this week, over £80 billion has been taken out of sterling reserves in the last few days and net vestments in the UK have stalled.
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Mr. Mackin

Mackin USA

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Re: Brexit
« Reply #10 on: June 21, 2016, 01:20:11 PM »
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JasonD

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Re: Brexit
« Reply #11 on: June 21, 2016, 03:27:12 PM »
I completely agree with Soros' views.
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Rupert

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Re: Brexit
« Reply #12 on: June 21, 2016, 04:44:16 PM »
Quote
I still suspect that the tabloids will decide this though.
  Yes the Sun tends to win elections, and they are for us getting out. 

I have to say, I am almost on the fence.  I really do not think it is nearly so simple a decision.  Also the headlines never seem to touch on the real issues.  They focus on irrelevancies like the direct costs of membership and immigration.

My postal vote was with a very heavy heart.  I don't think membership of the EU helps economically nearly as much as the big players would have us believe, and that one of the big reason for staying in is that the EU will fall apart of we pull out.  That said if we stay in it will probably just mean we are not the first so wont be blamed.

I don't trust people in power not to abuse their position if they can.  And the EU is set up for harbouring corruption/ gerrymandering/ with lobbyists getting more of a say than an MP.   Maybe the need for democracy is over, but I cannot believe it is.

But I hope that we are better off trying to change it from within than without.




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littleman

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Re: Brexit
« Reply #13 on: June 21, 2016, 05:42:40 PM »
This has been interesting to watch from the sidelines.  It seems that the narrative from people in positions of authority is that it would be very bad for the Britain to leave.  There is lots of talk about punishment if Britain pulls out, but I bet what happens instead is that the EU will do everything it can to try to pull it back in and make massive concessions.  I don't think the EU will survive without the Brits.
 
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JasonD

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Re: Brexit
« Reply #14 on: June 21, 2016, 05:52:23 PM »
> I don't think the EU will survive without the Brits.

Agreed and that scares me. The world, and especially Europe, needs the EU... for all it's many faults.
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