This whole tory party are awful. Early days though and we don't know what the future will bring. A lot of the areas were leave won in high numbers was due to negative impacts on their communities brought about by the EU, we've lost the British steel industry Sheffield reflected this and places like Merthry Tydfill who have seen most of their jobs in large factories with the help of EU grants move operations over to other EU countries that have left them in an incredibly poor state with that has affected the community profoundly. It's not all been roses throughout the UK while we were in the EU.
EU Referendum Results Thread | Leave have won, Cameron resigns
- Thread starter Damien
- Start date
Yep I'm sure there will be mocking online, it is the internet after all.
I find the prospect of mocking others for a poorer economy strange though when you'd also be living in the same poorer economy (though I probably will look to take my family out now tbh).
For every argument there is a counter argument. Instead take my approach which is to realise that a lot of these people at the wedding are still friends either with you or friends with your friends and even though there is a difference of opinion it's not the be all and end all that will destroy lives either way or label people bigots or traitors that has been going on throughout this campaign and is now taking hold on social media online.
Interest rates will rise, it's going to be tough people.
feck this approach.
Storm the aisle as they're doing their vows while chanting "IN! IN! IN!" and calling them all cnuts.
We lost the British steel industry because our own government helped the Chinese wriggle around the EU restrictions on them dumping cheap and potentially dangerously alloyed steel in the UK market. The people in Merthyr, Port Talbot, Sheffield etc should have been voting Remain as the EU at least tried to protect them when their own government conspired against them. Once we'd sold our own industries down the river the EU had every right to try and ensure at least some of the benefit of those industries remained within the EU, hell before the Brexit some of the Port Talbot workers could even have been looking to a new life in the Netherlands where their expertise will be needed in the relocated businesses.
Isn't it expected they'll be cut? (The BoE interest rate)
Well said
Most people on this site have the means to move and start a new in a better economy. It's the out voters that are stuck with this message.
Nuh uh, they'll rise and could rise as early as next month. Anyone with a mortgage, start recalculating your earnings and what you spend your money on.
Fecking pens...
Not a hence in hell theyll rise next month, where you getting that from?
At some point they'll have to rise to re-stimulate the economy
Do some people genuinely believe that Turkey are in the EU or that the UK is gonna move the entire island to North America?
Odd.
There are pressures for both cutting rates / pumping money in (i.e. keep the momentum in the economy or to prevent it from stalling) and to raise rates (inflation pressures from a weakened pound)
My guess would be in the short term they leave rates as they are and see how the two forces balance out and any required change is likley (at least initially) to be pretty small because as I say there is pressure from each side
If someone asked Cameron TODAY: "Why did you start all this???"... what would Cameron respond?
Any possible way this doesn't happen? I mean, it's not legally binding.
Donald Trump thinks it's a great thing.
why would they though? (genuinely interested) Are you just scaremongering or is there justification for them going up?
BoE have been putting it off for ages - why now?
No. Political suicide not to go through with it. Looks like by not invoking article 50 until the new PM is in place they hope markets improve by then.
Mark Carney on tv stating they have 'emergency contingency plans' in place. Hints to me they're looking to raise interest rates ASAP.
Nobody knows how long the article 50 negotiations could take (as they can be extended with member states approval)... and if the article 50 can be withdrawn is something else that is not 100% certain.
But if the next party to win the next general election do so on a mandate to stay in then would that take precedent? - hard to say - probably going to me messy and take a lot longer than people think
Nope. Result could be ignored but political suicide to do so.A referendum is not ... legally binding???
Yes, but now you can change the government if it does that. When the EU is screwing the have nots like it's been designed to do, there's nothing you could have done about it.
The bad news is that without the have nots on the continent to exploit by the haves from the City, the haves will become more dependent on the British have nots for their takings.
Anywhoo, need to try and concentrate on work, even though it's really tough right now
A referendum is not ... legally binding???
No it's not, parliament is the only one that can ratify it. There would be riots in the street if parliament refuse though
To get elected.
Yeah that seems improbable. Will depend where the pound stabilises and how quickly/by how much that will push up inflation. I've no idea when rate rises could be expected, but some rises are inevitable.
they have said they have £250bn available to prop things up - would seem ridiculous to pump money in and raise interest rates at the same time
All the remain advocates I know in real life are disappointed but ultimately seem unconcerned.
Meanwhile on the internet a large proportion are morphing into doomsday preppers.
It's fascinating.
Meanwhile on the internet a large proportion are morphing into doomsday preppers.
It's fascinating.
How exactly was the EU screwing the have nots in the UK? Please explain.
By my calculations 59% of under-50s voted Remain, and 55% of people over 18 are under 50. So young people not voting enough is once again a huge factor. Needs to change.
no your right it isn't about the economy, if was about the economy then remain would of stormed it, and the reason why people didn't believe the eccoimic arguments becuase to many people are been screwed over by the current ecconmy
How true is this?
well i think you can see by the euro markets that this isn't just a british problem!