Re: Post-Brexit Thread
 

Trade deal is not the same as single market.

---------- Post added at 13:42 ---------- Previous post was at 13:32 ----------

The FT has an explanation as to why the FTSE 100 and 250 are performing differently: https://next.ft.com/content/22ead913...7-71e3f1283897

Basically the fall in Sterling helps FTSE 100 companies whose income comes from abroad and the 250 includes far more uk-centric companies.

Re: Post-Brexit Thread
 

There are some on here that simply cannot get that around their simple minds

Re: Post-Brexit Thread
 

Given that a lot of professional economists have difficulty in dealing with it it's not really surprising that ordinary citizens find it difficult to understand the complexities too.

Being in the EU seems to mean having access to the single market and having voting rights on policy.

Being in the European Economic Area means that we can trade with European countries but have no EU policy voting rights.

From what I read President Obama didn't say which he was opting for. He just said America was working on a US-EU trade deal, though knowing the Americans they are thinking just of access to the EEA.

Re: Post-Brexit Thread
 

Where's your evidence for this?

---------- Post added at 14:49 ---------- Previous post was at 14:47 ----------

You'll probably get odds of 1/20 on Boris becoming leader and PM.

Re: Post-Brexit Thread
 

https://www.rt.com/news/348429-europ...d-army-brexit/

Re: Post-Brexit Thread
 

I meant for this statement:

It looks like Tony Blair, Nicola Sturgeon and others including EU politicians are planning to block Brexit.

If Boris does not win the leadership election or is not involved with the Brexit negotiations the whole idea could die a death but we'll have to wait and see.

Re: Post-Brexit Thread
 

How do Remainers feel about a European Army?

Re: Post-Brexit Thread
 

They're not blocking it so much as throwing up obstacles. The crucial moment will be once we know what deal we're going for and, if less than ideal, if the PM of the time is willing to go for it or not. If they bottle it then they may seek cover via a General Election or another referendum. Cameron himself will rule out a referendum today.

Re: Post-Brexit Thread
 

You are probably right. I was just reporting news posted in today's Daily Mail.

A lot of Conservative MPs think Boris did this solely so that he could become PM and so there's a lot of resentment that he did this more for personal gain rather than for the good of the country.

Re: Post-Brexit Thread
 

Not sure; the same way leavers feel about having less control over our borders now than we did before leaving?

J

Re: Post-Brexit Thread
 

Quick thought but if Boris really does want a EEA deal then we should go for it now. The EU might concede to halt the current turmoil. Someone needs to do something quick.

Re: Post-Brexit Thread
 

Freedom of movement was always going to be a problem whether we were in or out of the EU.

A lot of the problem stemmed from the UK's failure to manage the settlement and location of immigrants which was often in areas under-resourced to meet the needs of the immigrants and the needs of local people.

If we give up the EU single market for trading in the European Economic Area we may be able to introduce the Australian style points system to control immigration but I'm not sure about that.

EDIT: The only way to guarantee less immigration is to make sure every available job is taken or filled by a UK national.

Re: Post-Brexit Thread
 

Cameron has stated BREXIT WILL HAPPEN! So get over it Remainers and start working with us leavers,

The U.K. economy is in a position to withstand conditions worse than the most awful predictions.

Re: Post-Brexit Thread
 

I think Boris was totally motivated by his personal agenda he never thought leave would win but hoped a high enough number would vote to damage Cameron, now he has to back leave or be totally exposed for the opportunistic grub he is. I don't think he will be the new pm I think enough Tories will make sure it is someone less polarising then him an intermediate candidate that will carry out the wishes of the British people.

There is going to be turmoil in the markets as the speculators have to make their money and exploit any situation they can for profit. It hasn't even been a week and the response from some has been pathetic are we really that beaten down that anything but the status quo scares us and sends us into panic. Things are what they are the best thing to do is calm down regain some perspective and make sure our interests are best served going forward.

At this point going back to the EU is absolutely not on the cards because if we do it will be as a doormat, we had very little influence before if we go back now we will have none at all and after a brief play nice welcome back the boot on the back if the neck would start.

Re: Post-Brexit Thread
 

I don't see how we can not end up with free movement (this is also a requirement for membership of the EEA) if we want to maintain all of the financial services and the contribution they make to the economy 12% of GDP and £66B in tax revenue.

If we don't need to then great but I don't see any indication of that being at all possible

J