[Closed] EU Referendum - are you in or out?

The people are fed up with the way this country is going,

And that's quite understandable. But it also has **** all to do with the EU.

However, from the way VL carried on, I can see how they might have been misled into thinking it did.

@zokes it amuses me that as I have no clue, idiot, ... Insert insot of choice here ... I keep popping up on the "winning side" even on the Referendum where I though institutional support and resistance to change would me a Remain victory

You don't have to be clever to be a winner in this referendum. In actuality if the poles that separated voting intent by education, social group, age, etc. were anything to go by, sadly they point to quite the opposite. But do carry on...

1) No budget contribution, zero - if EU won't budge we'll go with full tariffs and make a profit

Make a profit from reduced trade, reduced production, reduced profits. Interesting concept. Perhaps you should contact all these countries trying to come up with free trade agreements that don't even come close to offering what the EU offered us and let them know where they're going wrong

2) No ECJ jurisdiction over anything except EU specific trade, freedom to set taxes and regulations, freedom to agree trade deals with who we like

But still an unelected head of state, unelected house of Lords, and a minority elected lower house, which would govern [i]every[/i] law in the country. Laws including, funnily enough, the one that says parliament doesn't have to take a blind bit of notice of the advisory referendum we've just had. Yay for British democracy.

Oh, and of course anything that contravenes the ECHR, ICJ, or any jurisdiction's system that might have a clause in any trade agreement. So that would still be the ECJ for much of our trade then.

Also, we already had freedom to set taxes and regulations.

3) We may chose to incease immigration, eg tech savvy IT bods from India and China to boost our tech sector (compare us pound for pound with Isreal whcih kicks @rse in that area)

[i]INCREASE[/i] immigration? I thought this was about reducing immigration. Immigration is the cause of all our woes mmmkay. At least that's what VL were having us believe until about 72 hours ago...

4) Focus on tech, as an aside productivity will likely fall in traditional industries as wages rise

What if "tech" focuses on the EU? And how will wages rise in a recession. You truly are an economic genius.

5) See 6

So, you can't answer it then?

6) Focusing on high growth regions of the world rather than the corpse that EU will beome post Greek default and contagion. EU markets already down more than the UK as investors realise its more of a problem for them than us

So, the high growth regions of the world that has said they are more interested in completing trade deals with the EU than a non-EU UK? And in the mean time being under prohibitive WTO rules that will enforce tariffs and stifle trade.

Basically, as I said, you don't have a clue. None of the above is scaremongering, it's facts. Not Jamby-facts either, actual facts.

and as I know Jamby is such a fan of the view from the RoW here is a very balanced piece from the ABC today

That sense of powerlessness now threatens to overwhelm the positives of globalisation and free trade; such as cheaper consumer goods and higher global living standards.

Cars, clothes and almost every conceivable consumer item are now better and far cheaper in real terms than they were in the "good old days". What has gone backwards is job security, and employment itself.

Turning inwards, however, will not solve the problem. The textile mills, the car plants, the coal mines and the ship building won't return to England's north nor to Wales, unless wages drop to such alarming levels that it becomes worthwhile for major global firms to shift back.

For that to happen, there would need to be a sustained deterioration in the UK economy and living standards. That could be entirely possible in the future. And so it will be the younger generation - which voted overwhelmingly in favour of remaining in the EU - that ultimately will bear the cost of the xenophobic pipedreams sold to their parents by cynical politicians.

The simple fact is, there is no way back. The dramatic improvements in communications technology and transport - that have increased the mobility of now even skilled jobs - can't be unwound. The forces that have been unleased cannot be restrained.

Last week's decision creates significant problems for Australia's future. Aside from the ructions on global markets, we will certainly feel the chill winds from the UK's new isolationist policy.
...
Australia sees the UK as its gateway to Europe, one of the world's most important trading blocs. That now will have to be reassessed.

The pound - which plummeted 12 per cent on Friday - will be permanently weakened by its exit from Europe. That will result in a dramatic drop in income for any Australian company or individual that has invested there. Similarly, UK firms will have less money to invest here.

The disaster that was inflicted on an unsuspecting world last week will undermine the prospects for an already weak global economy and have a particularly harsh impact on Australia.

Maybe now is the time to consider jettisoning the UK relationship altogether. After all, we have a Prime Minister who once led the movement for an Australian republic. He could make it a captain's call.

Of course I expect it's all wrong and just scaremongering by whoever is the bad guy today

Aracer; that's fine, that's what I wanted to know. We will still be off if that OK.

So, it seems we have a plan:

BoJo on the BBC:

PT1)

[i]"There will still be intense and intensifying European cooperation and partnership in a huge number of fields: the arts, the sciences, the universities, and on improving the environment.
"EU citizens living in this country will have their rights fully protected, and the same goes for British citizens living in the EU.
"British people will still be able to go and work in the EU; to live; to travel; to study; to buy homes and to settle down. As the German equivalent of the CBI - the BDI - has very sensibly reminded us, there will continue to be free trade, and access to the single market.

[/i]

PT2)

[i]"The only change - and it will not come in any great rush - is that the UK will extricate itself from the EU's extraordinary and opaque system of legislation: the vast and growing corpus of law enacted by a European Court of Justice from which there can be no appeal."[/i]

No exact clarity on how he expects to get (1) without (2) mind you, no mention of cost, and it seems that scary foreigners will still be able to come and live in the UK. So what exactly was the purpose of this again?

and on with the obscure references...
[img] [/img]
Glad thats all cleared up then, lets see what the markets thought of that then
[url= http://www.bbc.com/news/business-36636853 ]Pound falls further in Asian trading on Monday[/url]
I have no idea what everyone was so worried about

No, zokes, it's better than that - well be able to come and go as we please in Europe, but we'll have a points based immigration system to keep out the foreigners! We'll also have all the trading benefits of membership, without the fee or rules.

Utterly delusional.

Is this really the best the tories can come up with?

Oh and just to check...
As anything BoJo etc said during the campaign was purely aspirational and in effect just non-policy thought bubbles that should not have been taken too seriously. What are we meant to think of what he is saying now, with what capacity does he speak? Does he have the authority to make claims like this? Who does he represent?

I think we should know before even entertaining his ideas

It's his manifesto for the tory party leadership election.

yes but are we sure, he might just change his mind again...

Glad Osbourne has decided to stay and work through it. We need him now, more than ever!

"there's no great rush to leave the EU" according to Boris.

No sh*t.

Maybe there shouldn't have been a single question on it thrown out to the masses then.

Well lets see what the audiance says on that bombshell
http://www.xe.com/currencycharts/?from=GBP&to=USD&view=12h
[url= http://www.plus500.com.au/Instruments/UK100?gclid=CjwKEAjw-r27BRCzsNyzrMrM-j0SJACp2TiBmXq2x_Elo0ZhQ0cAS0DISr0ae0HrSKsaCiPtHZL9TBoCpfnw_wcB ]FTSE[/url]

The real, important question is: when to buy my Canadian currency? I'm thinking as soon as possible.

So the only thing that's going to change is the occupant of number 10?

It's almost as if that the most cynical, power-crazed egotist in the country was only ever really concerned about that, and nothing else.

So Brexiteers.... To quote John Lydon: " ever had the feeling you've been cheated?" 😆

Interesting that Boris is now suggesting retention of large amounts of our integration with Europe and that being in for a lot of stuff is a good thing.

Firstly seems like dreamland, secondly did those who voted leave really vote for that?

It looks like bojo is still keen on removing human rights, at least he will keep one promise.

Firstly seems like dreamland, secondly did those who voted leave really vote for that?

If many people can use the [b]EU[/b] ref to answer a different question(s) ... not least to stick two fingers up at the establishment

Maybe the establishment will reciprocate .... and use the result to answer a different question than [b]EU[/b] vote ?

So what exactly was the purpose of this again?

He did not expect to actually win, he is not a leave voter and he just wanted to be PM

Now it has bitten him on the arse and Cameron has passed all the planning tohim he is shittign it and back pedalling as furiously as he did when he flopped over to the remain side

Ignoring that he is a tory does anyone actually want a person with this little probity,principles or morals - FFS he is an adulterous racist as well- as our national leader
To use a football chant - you're not fit to wear the shirt

I imagine the Tories will find an anyone but Boris candidate as they did with Heseltine when he culled Thatcher. So the real questions is , in this hour of our countries need, who is the Tories current John Major ?

jet26 - Member
Interesting that Boris is now suggesting retention of large amounts of our integration with Europe and that being in for a lot of stuff is a good thing.

Firstly seems like dreamland, secondly did those who voted leave really vote for that?

Broadly:

They didn't like the austerity cuts.
and/or
They don't like foreigners -immigrants or EU leaders.

Interesting that Boris is now suggesting retention of large amounts of our integration with Europe and that being in for a lot of stuff is a good thing.

It's a brave new world....anything is possible! 😕

The only change - and it will not come in any great rush

May be no great rush for Boris, but I'm champing at the bit to get stuck into my new career in fruit picking, as soon as the E Europeans have been shipped out. Plus I need a hip replacement at that new hospital I was promised. What's he waiting for?

Well we keep getting surprise results all over the place.

Equity markets... subdued, quiet ... would have thought we'd have seen more activity.

No article 50 ... no result ... just uncertainty.

If the situation roughly remains the same ... it'll drift throughout the summer (as it will do today)

Currency ... If you looked at Mike's link above .. that needs to be put into context... have a look at a 2 day graph

So we seem to have slipped seamlessly from disaster to farce?

I'd say that with every passing minute of this ridiculous Charade, Boris's goal of being handed the keys to number ten becomes less and less likely

Business as usual then...phew! thank god that's over 😉

So we seem to have slipped seamlessly from disaster to farce?
I'd say that with every passing minute of this ridiculous Charade, Boris's goal of being handed the keys to number ten becomes less and less likely

Not exactly what I'd call statesman like....

He's completely out of his depth!

What % of FTSE are $ earners, £ costs - not too surprising. But a relief nonetheless

The slow painful drip of uncertainty is more of a worry. I have several projects on hold now. 🙁

As you were then.

Mind you... the labour party now gets to dump Jezza and get a new (more electable?) leader.

Has the Tory party just properly ****ed itself? 😆

Cool, it WAS just a bad dream then. Could you imagine being daft enough to leave the EU!

So we seem to have slipped seamlessly from disaster to farce?

I like Boris's article:

"I cannot stress too much that Britain is part of Europe, and always will be."

"There will still be intense and intensifying European co-operation and partnership in a huge number of fields: the arts, the sciences, the universities, and on improving the environment."

"EU citizens living in this country will have their rights fully protected, and the same goes for British citizens living in the EU."

"British people will still be able to go and work in the EU; to live; to travel; to study; to buy homes and to settle down. As the German equivalent of the CBI - the BDI - has very sensibly reminded us, there will continue to be free trade, and access to the single market."

"The only change - and it will not come in any great rush - is that the UK will extricate itself from the EU's extraordinary and opaque system of legislation: the vast and growing corpus of law enacted by a European Court of Justice from which there can be no appeal."

Nothing much will change. Who'd have thought?

I never thought I would ever say these words, but....

Thank god for George Osbourne! 😯

His statement this morning might as well have started with 'Right... step aside you bunch of bloody clowns! You've had your fun. Time to let the grown ups get back to business!"

+1 for binners comment

Glad Osbourne has decided to stay and work through it. We need him now, more than ever!

Like a hole in the head...

The real, important question is: when to buy my Canadian currency? I'm thinking as soon as possible.

I'm thinking last Thursday.

It looks like bojo is still keen on removing human rights, at least he will keep one promise.

Seeing as they clearly don't apply to most of our lizard overlords in the Tory party, perhaps he thinks that's fair enough.

So the real questions is , in this hour of our countries need, who is the Tories current John Major ?

I'm not even sure the Tories have anyone [i]that[/i] beige in their ranks. What about the bloke who claimed expenses for cleaning his duck's drawbridge?

The question of where's Osbourne? That I heard a few times Friday/over the weekend was answered too

Working his blooming socks off by the sound of things... nice game of cricket Boris?

If he thinks the economy can just hibernate for 4 months while the tories sort themselves out and develop a plan and some leadership, he's going to get a bit of a surprise.

I hadn't seen this prediction by Nick Clegg before the referendum

https://inews.co.uk/opinion/comment/will-wake-vote-leave/

He's completely out of his depth!

I'd completely agree to that statement, but then reckon anybody trying to get to grips with the last few days would be the same. CMD has played a blinder (finally)in creating this 3 month window of dust settling, which will allow everyone to work a few things out. Just not great for business as THM alluded. 🙁

They didn't like the austerity cuts.

Its a big factor in Eurosceptism in Europe, the rules of the euro (ignired by Greece of course) is to set a debt / gdp ratio so many (eg French) blame euro for their austerity cuts

Personally I am concerned there will be a dodge so I'd rather see article 50 triggered immediately as I am also happy for no trade deal if thats the way it goes. Article 50 prevents younsigning a trade deal with a non-EU country but I would get on and line them up with say Japan and South Korea for cars (especially electric, we are good at creative engineering) put some pressure on Germany not least as they have an election in 2017

ECJ/ECHR withdrawl should have been done last year but Cameron was well aware that the EU would block it ("refer it for discussion ... ie bury it in bureaucracy) and thus be another big weakness in the Remain case. Its time for a UK Bill of Rights with the UK courts being the final arbiter

I'd say that with every passing minute of this ridiculous Charade, Boris's goal of being handed the keys to number ten becomes less and less likely

Every cloud...

So feeling betrayed yet Jambalaya?

ECJ/ECHR withdrawl should have been done last year

Personally I'd say at this time of massive upheaval we need the guiding principles of Human Rights more than ever. 😕

[i]It looks like bojo is still keen on removing human rights, at least he will keep one promise. [/i]

I'm still confused about why this has anything to do with the EU, anyone able to confirm?

https://en.wikipedia.org/wiki/European_Convention_on_Human_Rights

Jammers - you are Bill Cash and I claim my 3 pound, 2 Shillings and sixpence!

😆

Ro5ey, thanks for the updates from the sharp end - nice to get some actual information input to the thread 🙂

ECJ/ECHR withdrawl should have been done last year

Possibly because leaving the ECHR would probably tear up the Good Friday agreement. I doubt any politician wants to be handed that awful mess if it happened.

He's completely out of his depth!

TBH, I don't think we've had a PM who can handle it since Blair. Not that I'm endorsing his actions, but he could operate at that level.

Considering three banks - RBS, Lloyds and Barc are down @30% since the result, its a good job we have some $ earners in the FTSE (and that my UK equity investments are all passive index ones). F250 faring worse -3%

Now just have to work out distressed values on banks - when to have a little nibble!!!

Its a big factor in Eurosceptism in Europe, the rules of the euro (ignired by Greece of course) is to set a debt / gdp ratio so many (eg French) blame euro for their austerity cuts

IIRC you are a supporter of debt consolidation Jambas?

UK courts being the final arbiter

It's ok, the result is in the bag, this stuff does not need to continue. Even Bojo is back on track with the Remain case now.

A load of old unnecessary bllx to produce basically the same ends. What a crock...

Every cloud...

I am also happy for no trade deal if thats the way it goes.

Article 50 prevents younsigning a trade deal with a non-EU country

1. Any Member State may decide to withdraw from the Union in accordance with its own constitutional requirements.

2. A Member State which decides to withdraw shall notify the European Council of its intention. In the light of the guidelines provided by the European Council, the Union shall negotiate and conclude an agreement with that State, setting out the arrangements for its withdrawal, taking account of the framework for its future relationship with the Union. That agreement shall be negotiated in accordance with Article 218(3) of the Treaty on the Functioning of the European Union. It shall be concluded on behalf of the Union by the Council, acting by a qualified majority, after obtaining the consent of the European Parliament.

3. The Treaties shall cease to apply to the State in question from the date of entry into force of the withdrawal agreement or, failing that, two years after the notification referred to in paragraph 2, unless the European Council, in agreement with the Member State concerned, unanimously decides to extend this period.

4. For the purposes of paragraphs 2 and 3, the member of the European Council or of the Council representing the withdrawing Member State shall not participate in the discussions of the European Council or Council or in decisions concerning it.

A qualified majority shall be defined in accordance with Article 238(3)(b) of the Treaty on the Functioning of the European Union.

5. If a State which has withdrawn from the Union asks to rejoin, its request shall be subject to the procedure referred to in Article 49.

. Its time for a UK Bill of Rights with the UK courts being the final arbiter

Legally , in that scenario MPs' could change the law and abolish voting for example. Plenty of dictators did it "legally".
Its terrible that an act and laws we gave to the world are something that we can no longer adhere to

how the mighty UK has fallen to the stupid , the Right wing and the racist.

Personally I am concerned there will be a dodge so I'd rather see article 50 triggered immediately

Excellent. Further proof you have no ****ing clue. Seriously, which countries do you think would put a small country with no links to any other and facing mass exodus of the companies that used to call it home particularly high on their list of trade deal priorities?

as I am also happy for no trade deal if thats the way it goes.

See above

Article 50 prevents younsigning a trade deal with a non-EU country but I would get on and line them up with say Japan and South Korea for cars (especially electric, we are good at creative engineering) put some pressure on Germany not least as they have an election in 2017

Also see above, if this is rushed, the companies that would make us most attractive to other countries will have ****ed off to somewhere inside the EU where they can service the very large market there without trade restrictions.

ECJ/ECHR withdrawl should have been done last year but Cameron was well aware that the EU would block it ("refer it for discussion ... ie bury it in bureaucracy) and thus be another big weakness in the Remain case.

I'm still missing any cogent argument on this one. We're still subject to the ICJ in any case, unless you think we just voted to leave planet earth. You really have not thought this through very far.

Its time for a UK Bill of Rights

Quite possibly, but again, this has **** all to do with the EU. I do have a suggestion for it though: it should remove the right for deluded muppets to spout shite. That would have prevented this problem a long time ago. It would also have put an end to your facetious waffle.

with the UK courts being the final arbiter

See above re: ICJ

Just seen my daughter and a couple of her friends for coffee in town.

One of the girls was going on about how unfair the outcome was, and how older people had voted out and younger people would have to live with the consequences, etc.

I asked how she had voted.... She confessed that she had been too busy

Laugh, I nearly shat! 😆

🙄

Equity maybe quiet but Currency moving

http://www.xe.com/currencycharts/?from=GBP&to=USD&view=12h

Updated from Mike's earlier post ... down 2 cents... A 2 cent move on any normal day is HUGE

The flight into "quality" see Gilts better so yield drops to 1% for the first time on record.... hence the weak pound ... seen calls for as low as 1.20 v usd.

I'm going to the US in 4 weeks' time. What can I do except not spend any money whilst there?

My sons were dismayed at the relatively low level of turnout among their age group. Older one "they have no one to blame but themselves."

Some v down youngsters among their immediate peers especially the recent graduates. Had to chip into Facetime call with son's girlfriend (Ist class honours, modern languages) last night to stop the tears and re-assure her on the transferrable nature of her skills. There was/is a real down mood for this group.

Tell her to get some business skills and then go and work for the Civil service; they need some trade negotiators sharpish.

I asked how she had voted.... She confessed that she had been too busy

That's pretty pathetic. 🙁

I guess there is a (pretty minor) point there in that a retired pensioner has all day to toddle down to the polling station, whereas someone working a long day shift might not have that luxury, hence one of the reasons we see a skewed turnout of old folk in all elections and referendums.

No excuse though - it's not hard to sort out a postal vote.

I am sure she had time to sign an internet petiton and share it on facebook. Graham, yes it is sad but its well known (plus you have halfwits like Russell Brand telling kids not to vote), it is also true that older people appreciate the importance of a free vote in a democracy whereas the young do not and are fed a diet of leftwing claptrap that its all pointless as the elite control everything - so they don't bother

Zokes we are the 5th largest economy in the world and Germany's third largest export market for cars for example. Too many people are focused on population numbers as a proxy for trading importance. The small country mentality of the Remainers was a factor in their loss.

@molgrips probably do some busking or something, chance to earn some proper money

Just enjoy yourself mol - dont do the FX calc, just have a normal holiday

Wonder how the older OUTers feel now about the returns on their pensions Ro5ey - not that I expect that they thought that far.

Conversation with neighbourly 80 year-old OUTer yesterday. "I never expected to actually win. Why didnt anyone tell me that this was all BS?"....the bite marks on my lip were pretty severe at this point 😯

The small country mentality of the Remainers was a factor in their loss.

No really.... 😯

Today I want to reassure the British people, and the global community, that Britain is ready to confront what the future holds for us from a position of strength.
That is because in the last six years the Government and the British people have worked hard to rebuild the British economy.
We have worked systematically through a plan that today means Britain has the strongest major advanced economy in the world.
Growth has been robust. The employment rate is at a record high. The capital requirements for banks are ten times what they were.
And the budget deficit has been brought down from 11% of national income, and was forecast to be below 3% this year.
I said we had to fix the roof so that we were prepared for whatever the future held. Thank goodness we did.
As a result, our economy is about as strong as it could be to confront the challenge our country now faces.
That challenge is clear.
On Thursday, the people of the United Kingdom voted to leave the European Union. That is not the outcome that I wanted or that I threw everything into campaigning for.
But Parliament agreed that there are issues of such constitutional significance that they cannot solely be left to politicians, and must be determined by the people in a referendum.
Now the people have spoken and we, in this democracy, must all accept that result and deliver on their instructions.
I don’t resile from any of the concerns I expressed during the campaign, but I fully accept the result of the referendum and will do everything I can to make it work for Britain.
It is inevitable, after Thursday’s vote, that Britain’s economy is going to have to adjust to the new situation we find ourselves in.
In the analysis that the Treasury and other independent organisations produced, three particular challenges were identified – and I want to say how we meet all three.
First, there is the volatility we have seen and are likely to continue to see in financial markets.
Those markets may not have been expecting the referendum result – but the Treasury, the Bank of England, and the Financial Conduct Authority have spent the last few months putting in place robust contingency plans for the immediate financial aftermath in the event of this result.
We and the PRA have worked systematically with each major financial institution in recent weeks to make sure they were ready to deal with the consequences of a vote to leave.
Swap lines were arranged in advance so the Bank of England is now able to lend in foreign currency if needed.
As part of those plans, the Bank and we agreed that there would be an immediate statement on Friday morning from the Governor, Mark Carney.
As Mark made clear, the Bank of England stands ready to provide £250 billion of funds, through its normal facilities, to continue to support banks and the smooth functioning of markets.
And we discussed our co-ordinated response with other major economies in calls on Friday with the Finance Ministers and Central Bank Governors of the G7.
The Governor and I have been in regular touch with each other over the weekend – and I can say this this morning: we have further well-thought-through contingency plans if they are needed.
In the last 72 hours I have been in contact with fellow European finance ministers, central bank governors, the managing director of the IMF, the US Treasury Secretary and the Speaker of Congress, and the CEOs of some of our major financial institutions so that collectively we keep a close eye on developments.
It will not be plain sailing in the days ahead.
But let me be clear. You should not underestimate our resolve.
We were prepared for the unexpected.
We are equipped for whatever happens.
And we are determined that unlike eight years ago, Britain’s financial system will help our country deal with any shocks and dampen them – not contribute to those shocks or make them worse.
The second challenge our analysis identified in advance was the uncertainty that a vote to leave would bring in the coming months and beyond as Britain worked with its European allies to create a new relationship.
The Prime Minister has given us time as a country to decide what that relationship should be by delaying the decision to trigger the Article 50 procedure until there is a new Prime Minister in place for the autumn.
Only the UK can trigger Article 50, and in my judgement we should only do that when there is a clear view about what new arrangement we are seeking with our European neighbours.
In the meantime, and during the negotiations that will follow, there will be no change to people’s rights to travel and work, and to the way our goods and services are traded, or to the way our economy and financial system is regulated.
However, it is already evident that as a result of Thursday’s decision, some firms are continuing to pause their decisions to invest, or to hire people.
As I said before the referendum, this will have an impact on the economy and the public finances – and there will need to be action to address that.
Given the delay in triggering Article 50 and the Prime Minister’s decision to hand over to a successor, it is sensible that decisions on what that action should consist of should wait for the OBR to assess the economy in the autumn, and for the new Prime Minister to be in place.
But no one should doubt our resolve to maintain the fiscal stability we have delivered for this country.
To all companies large and small I would say this: the British economy is fundamentally strong, we are highly competitive and we are open for business.
The third and final challenge I spoke of was that of ensuring that Britain was able to agree a long-term economic relationship with the rest of Europe that provided for the best possible terms of trade in goods and services.
Together, my colleagues in the Government, the Conservative Party and in Parliament will have to determine what those terms should be – and we’ll have to negotiate with our European friends to agree them.
I intend to play an active part in that debate – for I want this great trading nation of ours to put in place the strongest possible economic links with our European neighbours,
with our close friends in North America and the Commonwealth, and our important partners like China and India.
I do not want Britain to turn its back on Europe or the rest of the world.
We must bring unity of spirit and purpose and condemn hatred and division wherever we see it.
Britain is an open and tolerant country and I will fight with everything I have to keep it so.
Today I am completely focussed on the task in hand as Chancellor of the Exchequer to bring stability and reassurance.
There will be questions about the future of the Conservative Party, and I will address my role within that in the coming days.
In conclusion, the British people have given us their instructions.
There is much to do to make it work.
We start from a position of hard-won strength.
And whatever the undoubted challenges, my colleagues and I are determined to do the best for Britain.

So, the grown ups took some steps in advance. A bloody good job, too.

Bear in mind, though, that we have tried to torpedo our own economy - there will be hard times ahead, but at least someone had the sense to try to mitigate this lunacy.

Boris probably needs to buy George a beer.

Some v down youngsters among their immediate peers especially the recent graduates. Had to chip into Facetime call with son's girlfriend (Ist class honours, modern languages) last night to stop the tears and re-assure her on the transferrable nature of her skills. There was/is a real down mood for this group.

But it's only because they don't know a world where the UK is outside of the EU, so are scared. Talk to older folk and they aren't so bothered, in fact an older out supporter was telling me on the day of the election how they'd worked in France as a youngster and didn't see how leaving the EU would make a difference to working aboad if you had skills to offer. Lets face it plenty of UK folk end up in Australia, Middle East, US etc. none who have such easy entry policies.

jambalaya - Member
we are the 5th largest economy in the world

Are we still, this not needing reviewed? 😆

And George should leave it on the table....wise words though

Sleazyjet getting a pasting today and emergency measures being considered to prop up Italy's f**cked banks. So the surface calm is not all it seems....

Zokes we are the 5th largest economy in the world
#jambyfacts....6th since we voted to leave,now behind France.

Talk to older folk and they aren't so bothered, in fact an older out supporter was telling me on the day of the election how they'd worked in France as a youngster and didn't see how leaving the EU would make a difference to working aboad if you had skills to offer. Lets face it plenty of UK folk end up in Australia, Middle East, US etc. none who have such easy entry policies.

For those saying it was all fine not always been in the EU, what was it like back then?

Jamby article 50 - I think I just got your error for this m[s]orning[/s]illenumium. Care to engage or are you just going to plow on regardless of the fatcs?

But it's only because they don't know a world where the UK is outside of the EU, so are scared.

True

Talk to older folk and they aren't so bothered,

Quite 😯

in fact an older out supporter was telling me on the day of the election how they'd worked in France as a youngster and didn't see how leaving the EU would make a difference to working aboad if you had skills to offer.

they had many odd views on top of this too

Lets face it plenty of UK folk end up in Australia, Middle East, US etc. none who have such easy entry policies.

But if you have majored in German and Spain for a particular reason and career path, worked very hard and earned an excellent degree you are understandably pissed off. But as we bot agree, the skills are transferable and she can move on. Unlike the Turkeys.....

[I]Zokes we are the 5th largest economy in the world [/I]

6th now..., and how long before India passes us and we're 7th?

It looks like bojo is still keen on removing human rights, at least he will keep one promise.

I'm still confused about why this has anything to do with the EU, anyone able to confirm?

https://en.wikipedia.org/wiki/European_Convention_on_Human_Rights

I still don't understand why this is a thing? I would love to hear someone's story where human rights has adversely and detrimentally effected them. I personally quite like the thought that I have the right not to be tortured when I walk down the street. The right to freedom of expression and liberty. The right to VOTE and be part of a DEMOCRACY!

All I have to say on all of this is that world has gone ****** mental.

@duckman French market down too (need to check but it was down more than uk), French economy is very sick with 10% unemployment its only going one way and at an increasingly rapid rate.

@tmh well for most pensioners the stock market makes no difference as they are on state pensions and/or final salary. Also its my contention the Brexit will be positice for the markets (including currency) and economy in the medium term. As I posted I am looking at re-patriating the large part of my pension invested overseas.

So, the grown ups took some steps in advance.

I am not so convinced.

It's a very vague speech, full of promises to do [i]something[/i] and ensure stability, but no actual detail.

Seems strange given that he is claiming to have planned for this.

There is however, this document by George Osborne but it is hardly reassuring, and tends to contradict the statements about ensuring stability:
https://www.gov.uk/government/publications/hm-treasury-analysis-the-immediate-economic-impact-of-leaving-the-eu

elliott all those basic human righrs we will retain in a replacement uk bill. The ECHR has repeatedly stalled extraditions and is increasingly being used as a legal catch-all to frustrate the UK legal process. IMO its another thing, like benefit restrictions or movement restrictions, the EU couod have reformed quite easily at limited cost to them and which probably would have kept the UK in. However they took the position that they would not offer it

CAC and FTSE broadly in the same negative territory

IMO - pensioners are more exposed to yield (or should be) and that is even lower. So they are unlikely to be happy. But you reap what you sow....

As I posted I am looking at re-patriating the large part of my pension invested overseas.

Yeah its now worth more as the pound is tanking

Well done you

@Horatio yes thats another scaremongering piece of government propoganda which George is having to swallow. These "reassuring the markets" speeches are usually deliberately quite vague.

jambalaya - Member
elliott all those basic human righrs we will retain in a replacement uk bill.

It's a very vague speech, full of promises to do something and ensure stability, but no actual detail.

We have one known, known - everything is very uncertain. In that context other that articulate plans "to do something and ensure stability', its pretty hard to give much further detail. What were you expecting?

I really do not see a scenario in 5 years time where we are worse off and certainly relative to Europe. We can start a new thread at the approproate time about the eurozone debt crises.

@rich a weaker curremcy is good for exporters, its swings and roundabouts. Switzerland has been working hard to stop its currency appreciating

@rich a weaker curremcy is good for exporters, its swings and roundabouts. Switzerland has been working hard to stop its currency appreciating