Re: Post-Brexit Thread
 

I'm not ,we were totally reliant on what the government told us or we read in the papers there was no internet or rolling news service .In all honesty alarm bells should have been ringing when France vetoed our joining at the first attempt .If only we had listened to the frogs (never thought i would ever say that:D)

Re: Post-Brexit Thread
 

Lucky we had the Daily Express to 'inform' us this time...

http://indy100.independent.co.uk/art...e--bygEsaSHY8b

Re: Post-Brexit Thread
 

Well, the differences arise in things like that that vote was 67.2% - 32.8%.

The idea that that vote stopped Euroscepticism and that no-one wanted the UK out of the EEC, etc, is absurd.

Such feelings were organised in a more concrete form by 1994 with the formation of the Referendum Party, though it's really not difficult to find people, especially on the fringes of right and left, who wanted the UK out. As a nation we never really embraced membership of the EU and were always somewhat half-hearted with support varying wildly.

As far as circumstances changing, they do that. In the case of our most recent referendum they changed a few hours after the result when those leading the leave campaign realised the country had bought into it and they would actually have to either deliver what they promised or backtrack on it, followed by a bunch of backtracking.

I have no interest in another referendum as a result but no way am I not going to continue making the argument, or pointing out when the BS unravels, on either side of the argument.

---------- Post added at 14:12 ---------- Previous post was at 14:10 ----------

I'm more inclined to actually wait for the fallout in full, and to see the end result, before any feelings of being vindicated come out.

Being on the winning side doesn't mean being on the right one.

---------- Post added at 14:13 ---------- Previous post was at 14:12 ----------

In other news Theresa May's cunning appointments to her cabinet are looking smarter and smarter.

http://www.independent.co.uk/news/uk...-a7163996.html

Guess who has to deal with the farmers and rural communities? One Andrea Leadsom.

Re: Post-Brexit Thread
 

Confused ... I thought you supported the Leave campaign? So what is there to be unhappy about? Serious question BTW ..

Re: Post-Brexit Thread
 

I did pretty much up until the day of the vote when I finally realised I'd bought into a bunch of BS.

Doubts had been creeping in for a while to be honest, but it takes a long time to reverse a couple of decades of holding a particular position. I was brought up to consider the EU a bad thing.

As I wrote in a local paper that I'd previously written a pro-Brexit piece for before, I was wrong.

One of the things I'm actually looking forward to as a result of our leaving the EU, and that is far more likely than our staying in, is who the government are going to blame for their shortcomings when they can't blame the EU anymore.

EDIT: I wouldn't be surprised if on some level I'm trying to make amends with myself for getting it so wrong previously. While many get more socially conservative as they get older I've been going the other way, getting more socially liberal while staying, kinda, economically centrist.

---------- Post added at 14:25 ---------- Previous post was at 14:21 ----------

This is interesting from the Political Compass.

https://www.politicalcompass.org/uk_eu_referendum2016

Re: Post-Brexit Thread
 

I'm not unhappy, I'm delighted. Just a piece of friendly advice.

Re: Post-Brexit Thread
 

Given he quoted me in said post I suspect that was aimed at me.

Re: Post-Brexit Thread
 

Sounds like a fun evening, and fun mates.....

Re: Post-Brexit Thread
 

Well, when only a couple of miles from multiple Sov tank and Air Regiments, they're fairly hard to ignore.... ;)

Re: Post-Brexit Thread
 

Yep :D

Re: Post-Brexit Thread
 

Anyone who voted on the basis of campaigns from either side was onto a loser and anyone who was swayed by either campaign clearly didn't look too much into the subject as neither campaign gave out much real information. There was clearly a group who went into all of this with none to little idea on their position or reason for it and they were probably evenly split between both sides. Majority i suspect had their decision made before the campaign started and voted that way.

Re: Post-Brexit Thread
 

Have to agree with that. Nothing tangible came out of any of the debates.

Re: Post-Brexit Thread
 

Nuke 'em :D

Re: Post-Brexit Thread
 

From orbit, just to be sure...

Re: Post-Brexit Thread
 

Brexit: All you need to know about the UK leaving the EU

This article is designed to be an easy-to-understand guide on what happens now that the UK has voted to leave the European Union.

What does Brexit mean?

http://www.bbc.co.uk/news/uk-politics-32810887

Re: Post-Brexit Thread
 

VOTE LEAVE VICTORY! Official figures reveal UK billed MORE than £350m each week by EU

NEW figures have revealed that Vote Leave under-estimated the amount of money demanded by the EU from the UK each week by £26 million.


http://www.express.co.uk/news/uk/695...K-350-bus-cost

Re: Post-Brexit Thread
 

More "in" campaign lies uncovered:
link

Re: Post-Brexit Thread
 

I wonder what sweeteners Cameron had promised these companies in return for their support of project fear? Plenty more to be revealed methinks.

Re: Post-Brexit Thread
 

Well I dare say the EU is a nice little current and future earner for some very powerful people and global organisations. I'm sure they'd have very much appreciated having the UK still in the club and able to influence policy favourably.

Lets face it, the stakes are massive and the future rewards for those 'on side' are considerable. Just a pity for them that the public rained on their parade eh...

Re: Post-Brexit Thread
 

Erm, the Vote Leave didn't quote a 'billed' figure, but stated the £350 million a week was sent to Europe.

https://www.google.co.uk/search?q=35...Q9Lzu4W7hkM%3A

But you knew that...

Re: Post-Brexit Thread
 

Uk building sector has shrunk to lowest level since 2009, another victory...

Re: Post-Brexit Thread
 

A 0.1 drop, that's huge. Construction projects are a LONG TERM thing. Buying of land, design plans, planning permission, all take time. Any new orders, deliveries, and employment would be as a result of projects planned near the beginning of the year. Therefore nothing to do with Brexit. There's a surprise.

Re: Post-Brexit Thread
 

Of the six family members i have in the building trade none are seeing less work quite the opposite they are farming work out to other company's as they have too much. If you want to see gloom you can find something to back it up and right now there are a lot of gloomy people in the UK.

Re: Post-Brexit Thread
 

Don't try and tell me my job, it's been awful since Christmas and the projects that were postponed for the vote are now being shelved all together, I hear that everyday from clients.

Re: Post-Brexit Thread
 

Just back from Cyprus and our small poll there runs
Local Cypriots - want out of the EU but will never get the vote (tourist facing job people)
Ex-pats - want to stay, worried about change BUT one couple pointed out that some benefits were in place prior to EU because Cyprus is part of Commonwealth.

---

As an aside one restaurateur said when he opened he was approached by British expats who asked what discount he would give. When replied none they said "You don't understand, we're expats, what discount will you give us 10%, 20%, 30%". He didn't give any and since he is still there, full of locals (and we were full of his food) we didn't really care he wasn't full of Brits.

Re: Post-Brexit Thread
 

Here're the NIESR's thoughts.

http://www.niesr.ac.uk/media/niesr-p...ent-2017-12588

Basically something of a downturn, that will be mitigated heavily by interest rate cuts and QE.

Increased government borrowing to mitigate slower growth / possible recession.

Quite heavy risks on the downside.

TL;DR everything is not awesome, but neither is it apocalyptic.

Apologies for mentioning the views of experts. Please return to judging everything based on what a bloke down the pub says, and ensure that if it's negative it's nothing to do with Brexit.

---------- Post added at 12:01 ---------- Previous post was at 11:41 ----------

Heh. I just had a look at the Express's IQ-sapping propaganda and found their story on the NIESR report.

http://www.express.co.uk/news/uk/696...EU-Theresa-May

They couldn't even report the executive summary properly, let alone the report itself.

Here're the bullet points and first paragraph from the executive summary.

Wonder if they'll manage to correct this one or if, like an earlier story, it'll end up being shown to be so full of bovine excreta they simply take it down?

They call this a 'Brexit boost'? It's not end of times, we've had far worse and the economy will recover as it recalibrates, but it's hardly a bloody 'boost'. The Express seems to have gotten even more blatant about confirmation bias and, if anything, I'm getting the strong impression from their increasing desperation that they know they're in for a backlash. When you feed people the endless stream of propaganda they did anything that doesn't fit that narrative will upset people, even if it was entirely predictable.

Re: Post-Brexit Thread
 

And more proof if it was needed that other big sectors are contracting at its fastest rate since the financial crisis.

http://www.bbc.co.uk/news/business-36962059

Re: Post-Brexit Thread
 

As I understand it from this very thread the PMIs are worthless now. Markit are rigging them apparently to get the answers they want.

What this is showing is how dynamic the forecasts are, and how much think tanks are covering their backsides as we are in the unknown in a big way.

While the NIESR predicted:

Hopefully the PMIs pick up for the rest of the quarter. For all the nonsense being peddled that drop will cause an increase in unemployment and will affect real people.

EDIT: I remember the forecast drop being 0.1% for 4 quarters than growth. All 0.4% in one quarter will hurt quite a bit more :(

Re: Post-Brexit Thread
 

Along the lines of the Express's 'interpretation' of things, there was an amusing article on Newsthump (an Internet satire/humour site) along those lines (I won't link to it, as it's NSFW), but I am sure CF'ers could find it with little effort... For the avoidance of any confusion, this is from a humour site, not a news site.... ;)

Re: Post-Brexit Thread
 

Just shows the lengths they went to in order to keep us in the rich club. I knew the £350m wasn't nonsense but considering we get some back in grants, our own money by the way, they were demanding more and more money from us to the point it would cost us £350 mil. per week. You can bet any money we owe the EU, and it's a pretty sum, will be demanded not long after the 2 years or when we finally leave that den of vipers.

---------- Post added at 14:15 ---------- Previous post was at 14:14 ----------

Just wait till we see the Honours List. Wonder how many Chiefs are given a gong.

---------- Post added at 14:18 ---------- Previous post was at 14:15 ----------

That will pick up again once we start building houses again. This uncertainty will subside and then maybe we can make Britain Great again!

Re: Post-Brexit Thread
 

The leaked list shows all the major brown nosed stayers picking up gongs, knighthoods, companions of Honour, etc.:(

Re: Post-Brexit Thread
 

I find it amazing that so much is being attributed to Brexit .For the record we have not even begun the leaving process yet so we have not 'ditched the EU' and neither are are all the warnings about Brexit being proven groundless ,they may be proven groundless in the future or they may be proven correct we simply do not know yet .

---------- Post added at 17:09 ---------- Previous post was at 17:06 ----------

I think a lot depends on location and type of construction .For instance up here small scale house building has gone beserk but i do see signs that large scale house building has slowed as has local authority projects.

Re: Post-Brexit Thread
 

Well the media needs stuff to report. So in Brexit they have the story which keeps on giving. Every time there's a problem it's down to Brexit, then every time there's some good news it's in spite of Brexit.

What I notice more is the relative absence, in the places I frequent, of stuff about what's going on in the EU, migration, banking problems etc.

There was some more bad news about the Italian banks the other day but I didn't see it reported widely.

http://www.ft.com/cms/s/0/e67c83c4-5...#axzz4GI3boQrP

Re: Post-Brexit Thread
 

http://www.bbc.co.uk/news/business-36708357

https://www.theguardian.com/world/20...millions-euros

http://www.telegraph.co.uk/business/...e-to-its-core/

http://www.express.co.uk/finance/cit...k-crisis-grows

Re: Post-Brexit Thread
 

I was referring to something just a couple of days ago, as covered in the FT link. I have previously mentioned the ongoing problem with the Italian banks in the Eurozone thread. The same link as yours:

http://www.cableforum.co.uk/board/35...-post1852.html

I don't include the Express in my reading so can't comment on its output. ;)

There's loads of bad stuff going on it Europe yet we really don't hear much about it given how serious it is. Even the migrant death toll seems to have been forgotten after all the blanket coverage and emotion it was the subject of for so long.

Re: Post-Brexit Thread
 

Unfortunately, your link was behind a paywall, so I couldn't see the date.

The only FT article I could see was this on the 27th

https://next.ft.com/content/b5a0579a...6-a4a71e8140b0

which was about the same date as the Guardian article.

Re: Post-Brexit Thread
 

Yes it's odd that because it was the only serious link I could find and I was expecting a paywall but was able to see the entire article with no problems at all which is why I posted it. I'd given up looking at the FT since they adopted the paywall approach and wondered if they'd dropped it. Evidently not.

The article I read was dated 2nd August IIRC but I can't see it either now. Weird eh?

Re: Post-Brexit Thread
 

And it's that uncertainty that's causing all the problems. It's funny I said the same thing to a colleague around the exact time you posted that, there's a heap of small or single plot developments going on, sadly not much use to us though as we like the massive developments

Re: Post-Brexit Thread
 

Given that the remain campaign was painting pictures of Armageddon if we voted leave, a sudden chill immediately post-vote is pretty much inevitable. Campaigners from the PM and the chancellor downwards talked the economy down. Guess what, if the country's two most senior political leaders do that, it tends to become self-fulfilling.

We will just have to see how long things take to pick up once people realise the sky isn't actually falling.

Re: Post-Brexit Thread
 

Interest rates lowered to 0.25%, MPC forecasting rates to go to 'close to, but a little above, zero' by end of year.

£60 billion of new QE to buy government debt, £10 billion to purchase corporate bonds, up to £100 billion to support lending.

Seems the BoE are indeed somewhat 'chilled'.

EDIT: This is going to harm pensions and investments further as gilt yields have dropped considerably already.

EDIT 2: In better news while the BoE are 'chilled' they are not predicting recession, just slower growth, which is not as bad as it could have been.

Re: Post-Brexit Thread
 

Out of curiosity, are there any Brexiters on that list?

---------- Post added at 12:43 ---------- Previous post was at 12:41 ----------

Very strange. Why didn't they just carry on as normal? Nothing has changed.

---------- Post added at 12:45 ---------- Previous post was at 12:43 ----------

Is the bad weather recently attributed to Brexit? I ask because they blame everything else when they could just carry on trading as normal. But no, they have to carry on making problems for themselves. I can understand it had we left on the Friday after the vote.

---------- Post added at 12:51 ---------- Previous post was at 12:45 ----------

I don't understand all the financial stuff but printing money only puts off for a while as it has to be paid back. Wish they'd put the interest on my credit card at 0.25%.

Re: Post-Brexit Thread
 

You seem to be saying that firms are causing themselves problems which is ridiculous. Companies are responding to try and ensure themselves and their shareholders make the most money possible, and mitigate risk.

This is what you voted for. Almost everyone said there would be some rough times immediately after the vote. Until we know where we are going forward companies will continue to take steps to protect themselves. Most companies are, necessarily, defensive during uncertain periods. If they weren't behaving in that manner their shareholders would certainly have a case to sue them.

The actions of the BoE should help a ton incidentally. What they've done is decisive and should prevent the drama turning into a crisis.

While I have derided him in the past Mark Carney has been a rare voice of reason in all of this and the actions he and the MPC have taken have been proportionate, proactive and eminently reasonable so far.

I'm just listening to him saying that banks have absolutely no excuse not to pass on the rate cut they just carried out, as the other policy measures have ensured they don't.

---------- Post added at 12:57 ---------- Previous post was at 12:56 ----------

Indeed you don't, given that in this case it doesn't :)

Printing money increases inflation generally, it doesn't involve any payback. Neither does it mean that the government bonds that they are going to buy with some of this will have to be paid back. The BoE can cancel the bonds. They create the currency, they can also destroy it. It's rather obscure however money these days is, almost entirely, nothing but numbers on a computer. If inflation were not an issue the BoE could 'print' it ad infinitum.

The BoE are doing what they can to try and keep the economy motoring.

When you can create your own currency, accepted worldwide, then I'm sure your credit card can go near 0.25%.

Re: Post-Brexit Thread
 

On the contrary ,everything has changed .Companies in general have no idea what UKplc will look like in 5-10yrs time and construction companies in particular are particularly vulnerable to changes in government policy .They also rely heavily on lending to build the houses and the ability of customers to borrow the money to buy the houses they build .Any uncertainty in financial markets will without a doubt negatively affect house builders.

What the government do over the next 6 months will determine the ability of what large companies can achieve over the next 10 yrs.What we are seeing now is a sharp intake of breath waiting for the government to make it's move.

Re: Post-Brexit Thread
 

If you look at the graph of this PMI thing, it goes down EVERY year at about this time. That wouldn't be the result of people going on holiday would it?:rolleyes:

Re: Post-Brexit Thread
 

Yep. All these events are just a blip due to people going on holiday.

Re: Post-Brexit Thread
 

Everything is following on from this PMI thing. If that is false, eg as in 2012 when GDP shot up, then everything else is based on that falsehood.

Re: Post-Brexit Thread
 

http://www.bbc.co.uk/news/live/business-36924098

Pound drops again..But hey that's just part of readjustments right? It's not going to keep happening is it?

Re: Post-Brexit Thread
 

In fairness, both campaigns said there would be a small period of re-adjustment, potentially a recession after we voted to leave Europe. The only thing they differed on was the length and depth.

Re: Post-Brexit Thread
 

If you had shares in a company and everybody was saying if X happens then the share price would go down, what would you and everybody else do if X happened. You and everybody else would sell, which is what would drive the price down and not whether X happened or not. When people were gleefully saying that the value of Sterling would go down, the markets had little option but to sell Sterling, thereby driving the price down. It was where enough people are made to believe that something will either go up or down that makes it happen. A self-fulfilling prophecy. By predicting something, you make it happen.

Re: Post-Brexit Thread
 

Well, there's that, there's things like this:

https://www.cableforum.co.uk/images/...2016/08/17.jpg

And various other indicators. The sum of that data pushed the BoE into acting to try and get stimulus into an economy that was already faltering somewhat.

The PMI is accurate far more often than not. Where it and GDP disagree it's usually GDP that is adjusted.

None of this is in any way unexpected, indeed the situation is somewhat more rosy than the apocalypse that we were told we would be in for. Still, whatever you need to tell yourself. :)

https://www.youtube.com/watch?v=StTqXEQ2l-Y

---------- Post added at 18:17 ---------- Previous post was at 18:14 ----------

The pound dropped because interest rates dropped. It's pretty simple: interest rates dropped which lowered returns on a bunch of investments denominated in Sterling so people withdrew their money.

Nothing at all to do with perceptions, entirely factually based.

Re: Post-Brexit Thread
 

Why would sales in JUNE be affected by the referendum towards the end of that month?

Interest rates dropped in part because the PREVIOUS drop in the Pound and that was from the self-fulfilling prophecy of the scare mongers.

Re: Post-Brexit Thread
 

Gauranted somebody and likely some groups are making money off this and as long as they can things will continue in practical terms nothing has changed a plan has been announced with zero action.

Re: Post-Brexit Thread
 

I didn't say the referendum affected them. You wanted proof the economy was getting weaker and data justified action by the BoE.

The usual response to a weakening currency is to raise interest rates to promote capital inflow. Massively simplifying the higher the interest rates the better the returns people can get.

The level of denial required to blame all negative impacts of the referendum result on 'scare mongers' is astounding. Companies and the BoE aren't campaigning anymore, and there is no 'Project Fear' now, it's Project Reality. The Bank of England are both accepting that it's bad and wanting to make a success of it, as I think all sane people are.

You are apparently proud you voted the way you did so own the consequences, both good and bad. That way if the economy takes off after the rough period you can congratulate yourself without being a disingenuous hypocrite.

Should it all end up going right I will be delighted to have been wrong for having been down on the result.

Re: Post-Brexit Thread
 

Well in fairness Ignition for most of the campaign you were saying the doom and gloom from remain wasn't very reliable and i believe you called more then a bit of it rubbish so you are the last one to be honest having a go at anyone. Absolutely nothing in practical terms has changed there is zero reason for all this to be happening now but it is and rather then argue about what caused it perhaps we should be looking at a system that requires no actual change to go into meltdown. Perhaps it's time for some very radical reform of the financial markets given the impact they have on people and seemingly respond to a fart in the wind.

Re: Post-Brexit Thread
 

Pretty sure SamCam's hairdresser voted out...

Re: Post-Brexit Thread
 

The market is of course looking at the future state as well (it would be accused of being asleep at the wheel if it didn't) so whilst today hasn't actually changed it is of course trying now to prepare for a post brexit world which we now know will happen!, that is their job and they are trying actually (believe it or not) to prepare in best possible way. That is how economics works you make decisions based on today and what you think the future looks like whilst using the past as a rule of thumb

I welcome your view on this radical reform you speak of and how this is done on a "global" scale

Re: Post-Brexit Thread
 

Predicting and planning is different to actual activity and given nothing has actually changed there is no practical reason for all the volatility unless we were entering a period of volatility and brexit is just a convenient excuse. I would have thought our voting to leave the EU was less cause for volatility then the perilous state of Mediterranean finances some of which could go into complete meltdown at some point this year. Maybe that is the real problem and cause and again brexit is the convenient excuse.

As to what reform i dont know the system well enough to have an idea how it should be reformed but clearly it does need reform and change if only to secure it more against unscrupulous speculators that all too often seem to create big problems.

Re: Post-Brexit Thread
 

As I remember I said I thought the hyperbole of it all was absurd. I'm not sure I said that there would be no negative consequences in the shorter term, I think I was quite open in saying that there would be a period of uncertainty, but that the idea that forecasts could be made reliably 15 years into the future, that an emergency budget would be needed or that World War 3 would kick off was absurd.

I may be mistaken and can't be bothered to go back through the posts though. Keeping calm, carrying on and all that.

And now something a little lighter.

https://www.cableforum.co.uk/images/...2016/08/16.jpg

---------- Post added at 11:19 ---------- Previous post was at 11:09 ----------

The two issues, Brexit and the ongoing Eurozone problems, don't sit in a silo and aren't insulated, the impacts are cumulative.

I'm not sure how issues with finances of a group of countries that comprise perhaps a few % of our exports can be considered less of a cause for volatility than uncertainty over our trading relationship with a bloc that as a whole takes ~40% of our exports or the huge fluctuations in our currency.

Something has actually materially changed already - the weakening of Sterling is making imports more expensive and this is slowly but surely filtering through. Imports more expensive means lower buying power domestically, so lower domestic demand.

Pretty much as described by the BoE going forward. An increase in exports alongside lower domestic demand, and there is inevitably a delay while the economy tries to recalibrate to this.

It's not actually a bad thing overall, we were far too dependent on domestic consumption and were exporting too little. Bit messy during the transition though.

I am sure that if we make a strong success of the transition people will be delighted, as they should be. I will be. In the interim, of course, all of us need to accept the consequences of our vote, whichever way we voted.

Like Israel, I maintain a policy of ambiguity with regards to which way I voted on the day :p:

Re: Post-Brexit Thread
 

Not a t all I'm saying I think the Government are panicking a bit. Yes we knew this would happen but not the doom and gloom predicted. Seems like there won't be a recession now.

Re: Post-Brexit Thread
 

Suggest you look at a graph of sterling over the last few few decades - it's been up and down like a yoyo. Currencies tend to fluctuate according to all sorts of factors, some of which have little or nothing to do with internal fundamentals. Much of the world is still struggling to recover from the aftermath of 2007/8 and IMHO the legacy of that, PLUS Brexit uncertainty will continue to affect our currency. Once the Euro bad news starts to focus a few minds, however, Sterling will recover just like it has done before and at that point everyone will start banging on about how that will adversely affect our exports...
:spin:

Re: Post-Brexit Thread
 

They shouldn't bother about 5-10 years they should just carry on as they are. Regarding the EU nothing has changed and won't until we start negotiations. Trading still continues as it has always done. We are still full members until we decide otherwise.

---------- Post added at 15:34 ---------- Previous post was at 15:31 ----------

Actually according to the news today it is where it was before the referendum.

---------- Post added at 15:37 ---------- Previous post was at 15:34 ----------

The same thing they would do regardless of whether we voted to leave or remain in the EU or if there had never been a referendum on the EU. Buy and sell as normal. Can't blame that on Brexit.

Re: Post-Brexit Thread
 

Erm, big companies have to have 5 and 10 year plans, so they can plan investment, and raise capital from the City for those investments; if you don't plan for the future, you'll soon be out of business...

Re: Post-Brexit Thread
 

Indeed and they would have already done that. Things just don't change overnight. They will have made their investments.

If it's no big deal, why are we even worrying about it. It's only temporary after all. 5-10 years down the line when the economy is either booming or gone belly-up is the time to celebrate or panic.

Re: Post-Brexit Thread
 

You don't just get given money by banks/bonds issuers/Investment Capitalists, you have to show them your short, medium, and long term plans, and how you are willing and able to adjust them if downturns and upturns happen - they don't give you it all at once, it is issued in tranches, and only if they believe they will get a return on it. If they think the economy is on a downturn, they won't loan you the money, or will ask for more in repayments.

If they think they will get more of a return on their investment from a country with a stronger economy, they'll invest there, not here.

It's not like a bank loan, it's a lot more complicated than that.

Re: Post-Brexit Thread
 

Tell you what, given those experts were clueless they seem to be having one hell of an impact on things.

[img][/img]

Re: Post-Brexit Thread
 

Pah experts, we're sick of them, far better to rely on ignorance, optimism and what people down your street say.

Re: Post-Brexit Thread
 

https://www.youtube.com/watch?v=SJUhlRoBL8M :tu:

Re: Post-Brexit Thread
 

But they're not. Where's Armageddon?

Re: Post-Brexit Thread
 

i think its planned for next week just after ww3 ;)

https://www.youtube.com/watch?v=SJUhlRoBL8M

Re: Post-Brexit Thread
 

I think you may be making stuff up now...

Who said it would be Armageddon?

However, your statement that it's not having an impact is a sub-optimal interpretation of actuality..

http://www.bbc.co.uk/news/business-36974551

Re: Post-Brexit Thread
 

well here is some of project fear in video form ;)

http://www.telegraph.co.uk/news/2016...fear-campaign/

Re: Post-Brexit Thread
 

Mmmm - no mention of Armageddon....

Re: Post-Brexit Thread
 

Remain said it during the referendum. WWIII? Doom and Gloom? The world as we know would end? The latter not in so many words but they meant the same.

Re: Post-Brexit Thread
 

So your interpretation of what they said, not what they said....

Re: Post-Brexit Thread
 

Well given very few of us would survive a world war 3 armageddon is not far off the mark but i know how you like to split hairs when it suits you Hugh.

Re: Post-Brexit Thread
 

Depends on what you envisage world war three to be like. I remember reading a very good account of what a field Marshall believed it would look like and it involved very little use of nuclear weapons on towns or cities, in fact if you didn't live in Germany, Kiev or Birmingham your chances of survival were very high.

Re: Post-Brexit Thread
 

There was (iirc) mention of WW3 and a global recession

Re: Post-Brexit Thread
 

Oh did Cameron not say there would be world war 3?
Did they not predict doom and gloom?
Did they not predict a recession?

Re: Post-Brexit Thread
 

it was very disappointing i bought jack boots and a trench coat in anticipation ;)

Re: Post-Brexit Thread
 

Actually he didn't predict WW2. He made a clumsy attempt at the idea that Britain is bound to Europe and has had to go in before because of what has happened there and will have to do so again.

Doom and Gloom were predicted as was a recession but those are all still on the cards at the moment.

Re: Post-Brexit Thread
 

Doom and gloom is quite likely, regardless of the UK's relationship with the EU not because of it. The last time I felt this pessimistic about the future was back in the 70's. :erm:

Re: Post-Brexit Thread
 

Could get better:

https://www.cableforum.co.uk/images/local/2016/08/1.gif

Re: Post-Brexit Thread
 

Will still come in handy for Smurf Gay Goth night :D

Re: Post-Brexit Thread
 

All quiet on the western front. Looks like no cash for the NHS after Brexit as the Government says all schemes currently funded by the EU will continue after we leave. That is, those agreed before the Autumn Statement so far the cost is £4.6 bn.

Surely those funded wouldn't mind losing a bit for the sake of the NHS? Maybe not.

Re: Post-Brexit Thread
 

http://order-order.com/2016/08/17/un...-falls-brexit/

Re: Post-Brexit Thread
 

It's like they're waiting for something else to whine about and blame Brexit for. Who'd have thought... :rolleyes:

Re: Post-Brexit Thread
 

^^^^ Must be a contender for post of the year. Superb ;)

Cheers

Grim

Re: Post-Brexit Thread
 

http://www.express.co.uk/news/uk/704...T-Commons-vote



We need to get the hell out of the EU now before the crumbling edifice collapses altogether

Re: Post-Brexit Thread
 

I read in the Daily Express yesterday that we can envoke a quick release clause.

Re: Post-Brexit Thread
 

That may or may not be so but why would we invoke a quick release until we had other agreements in place?

Re: Post-Brexit Thread
 

And the Express never gets it wrong... ;)

http://www.express.co.uk/news/clarif...if-we-leave-EU

Re: Post-Brexit Thread
 

I'd heard rumour of a quick exit process but that it basically meant the EU set the terms and the party exiting accepted without question clearly not something the UK is going to if the process actually exists. While I'd prefer the process to be underway and the two years of the process used to sort things out i can see a wisdom to waiting a little while in as much as we are arranging trade deals with other countries and we are receiving trade offers from a range of nations covering a range of trade areas. So when we do start negotiating with the EU we have fallbacks ready to go and the power isn't all on the EU side.

Re: Post-Brexit Thread
 

The EU is dead and decomposing, it was created in different times.

Once we leave others will follow.

Re: Post-Brexit Thread
 

End of British border controls in France if this twerp gets back in

http://www.telegraph.co.uk/news/2016...ds-of-migrant/

Fortunately there is little chance of that

Re: Post-Brexit Thread
 

Even if that did happen the punative fines on the ferry and tunnel operators for transporting illegals would force them to bring in more of their own patrols and checks. Could be more effective than the PC ones of HMG. Might even save some of our taxes for other purposes.:D

Re: Post-Brexit Thread
 

Surely transport operators would pass the higher costs on directly to the consumers :confused:

Re: Post-Brexit Thread
 

Naturally. As I said a new revenue stream for HMG.

Re: Post-Brexit Thread
 

Ah, gotcha my abbreviation hat was missing

Re: Post-Brexit Thread
 

Some good news as weaker Sterling helps manufacturing PMI beat expectations by a country mile, indicating a solid bounce back from last month.

I appreciate that PMIs are apparently worthless but thought it merited a mention.

https://www.markiteconomics.com/Surv...c6b7836894b80f

Good stuff, but caveating this manufacturing is a small part of the economy.

If services have also recovered this would be excellent and implies that the shock from the vote has subsided somewhat and the activity that was held back before the referendum is being done now, however it's likely that services will not be as rosy for obvious reasons - free trade in goods is way easier than services.

Have at it.

---------- Post added at 13:15 ---------- Previous post was at 12:47 ----------

Incidentally the issues here are why Article 50 hasn't been triggered yet.

Just a few things to work through before the 2 years runs out after doing so.

Re: Post-Brexit Thread
 

Yet more bad economic news:

http://www.bbc.co.uk/news/business-37242804

Well they did warn us it'd all be downhill didn't they.

;)