Why?
Brexited | the worst threads live the longest
- Thread starter Silva
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Why?
Like North Korea?
Imagine if a quid equalled a dollar. Not that far off now.
As the pound falls below $1.22 and €1.10
It is not just impossible, but it would be utterly stupid. You’d destroy an incredible amount of wealth (probably cut the GDP in half). Modern western life-style is completely unthinkable without trade.
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Here is an essay that explains what "hard-brexit" could mean for the financial industry in the UK. It is quite technical, but should help to understand what discussion about financial passports is all about.
I suspect it'll drop further once we've left the EU cum March.
O'Brien killing it as usual
It will surely drop a lot more when the UK leaves the EU, but that won't be in March. The earliest the UK leaves the EU will be (within - supposedly) two years from the date Article 50 is triggered - 2019 onwards
Sorry my mistake...I should've said it'll nosedive again once article 50 is triggered.
Highly likely, also how much in the meantime and thereafter
Inflation is going to be at least 5%, not good at all
I wouldn't be so sure
I could pick all sorts of goods that it would rule out consuming, but it literally amounts to someone saying:
I would like the UK to be a country of no tea (and coffee)
Possibly the most un-British statement imaginable
Petrol prices are going up by 5p. That's just for starters.
Taking our country back. Or something.
Both those assertions are untrue. The vast majority of Britain's trade is not with the EU, and London was one of the world's top financial centers long before Britain joined the EEC.
There's no need to go into meltdown simply because the pound has fallen. It's been overvalued for years, mainly due to the large amounts of money which flow into London because of its attractions as a global financial center, creating a huge asset bubble, in particular the gross inflation of the London property market.
Britain's real economy has suffered as a consequence of this, with a pound which may be as much as 20% above its natural level without those large financial flows. Exporters have had a tough time. Britain has been running a trade deficit for the past 15 years, and in the last few years the situation has deteriorated further, with the deficit rising to between 5% and 6%. It's past time the pound fell, and the present drop may be just what the doctor ordered.
These callers are paid actors, right? A regular punter wouldn't choose to make a complete nob of themselves on radio, surely?
I know, I was joking, but there have been some idiotic statements on this thread
Institutions evolve, I don't see why you expect that they'll know where they will be when the world changes around them
I do wonder why people put themselves through it. Like this classic: http://www.lbc.co.uk/hot-topics/eu-referendum/not-enough-houses-too-many-builders/
People on the minimum wage paying £600 for the same shit at last year is a price worth paying to take back control of migration
44% was with the Single Market last year. It's a far higher number than the next closest (USA: 14.8%)You've obviously never watched 'The Good Life' from the 70s
The UK could be like a good version of North Korea. It would be good to be a self sufficient country.
When as a British person by birth did I sign up to my country being in some social union where we are borderless and 'share culture' with an ever growing number of countries? Not that it's bad, but when did I sign up to it? I think the manner almost pushed a lot of people (including me) just over the edge IMHO.
You are not borderless and no one asked you to share your culture, in fact the UK have the chance to not have to learn other countries language for example.
The Premier League would be shit.
I feel we became borderless in so far as, an Australian nurse has to jump through hoops of fire to get to the UK, get an Austrian labourer can literally just walk in no-questions asked (even if criminally convicted!) because we 'are brothers and sisters' with them.
Remember it well, one disaster after another in each episode
I still can't believe that people like that guy are the reason it happened. It's so ridiculous.
Aren't you the one moving to Canada? Oh the irony!
You beat me to it
A nation of farmers and butchers with little tea shops on the corner..
How is it ironic, it's exactly what I want!
After over a year long process even due to be being married to a Canadian, and still had to jump through hoops of fire (medicals, police checks, etc) happily. I expect the same for my country.
There's also a large number of you who can move to Spain/France/any EU country. My understanding is that a part of your older population (the same folks that voted out) spend half the year abroad to escape the cold.
What your country "signed up" for was to allow everybody in the EU to have freedom of movement. You chose to move outside the EU, hence the hoops you had to jump through.
Why not stay in the UK and not "share culture" with Canadians by moving there?