Re: Post-Brexit Thread
 

Depends what they're trying to achieve. I doubt it's independence any time soon.

---------- Post added at 19:06 ---------- Previous post was at 19:03 ----------

Project Fear. Our economy is awesome.

Re: Post-Brexit Thread
 

Dunno. Not great. Not really sure how bad either. :dunce:

It was one of the warnings before the referendum so I am guessing it's already been priced in by the markets.

Re: Post-Brexit Thread
 

I'm just thinking of all the Austerity we had to endure to maintain the AAA at all costs .Osborne's gonna be gutted ...again

Re: Post-Brexit Thread
 

I think he wants nothing to do with it anymore. He is going to palm off as much of the work to the next guy as possible.

It is rather ironic how many years they spent defending that rating as a point of pride and how much the last 6 years of austerity has been put into perspective by a mere three days. :arm:

My bigger worry is not the economy now but that many Leave voters in working class, deprived, areas seem to have a completely wrong idea of what is going to happen next. I was watching a news report on Channel 4 where they seemed so happy and were saying the factories would open again, there will be loads of jobs, that there will be council homes again and a small few said the migrants would be gone.

I think they're going to be disappointed and unless the governments shifts their focus to these regions and pours in a ton of investment, irrespective of the EU issue, then we have a critical problem building here. The anger, the resentment, the disillusionment will toxic. I am talking far-right surges here. :(

Re: Post-Brexit Thread
 

The problem for us at the moment is that the process of electing a new PM and deciding on a negotiating strategy is taking too long.

It's been less than a week since the EU referendum yet the value of the pound has dropped dramatically.

We cannot wait until September 2nd 2016 as by then the level of uncertainty and panic will be so high and the damage to the pound and the economy so great that we may never recover.

Parliament needs to suspend current business and get on with the task in hand. Once that is done we'll all have a better idea of what happens next and maybe markets will settle down bringing some degree of normality.

Re: Post-Brexit Thread
 

We could prosecute, but cutting their knackers off might work better.
Surprised myself there, I thought I beleived in reformation of offenders.. Poor education, and an increasingly divided society is at the heart of it.

Re: Post-Brexit Thread
 

Expected, how can we be AAA during a period of instability, the one thing markets hate. Let's see how we are in 6 months.

Re: Post-Brexit Thread
 

Bet they still go on the summer break

Re: Post-Brexit Thread
 

I agree. We can't wait. Cameron shouldn't be the one doing this but we can't wait for the Boris show to finish for Gove to stop hiding. He needs to start working on a deal now.

Re: Post-Brexit Thread
 

Indeed. At the moment short termism and speculators are driving the markets and sterling. Once the dust settles and saner minds prevail then we can judge.

Re: Post-Brexit Thread
 

Rest assured their holidays have already been booked.

Re: Post-Brexit Thread
 

Credit agencies don't downgrade a country by two notches on a whim or on a few weeks of instability. That's how we largely kept it after the 2008 crisis.

Re: Post-Brexit Thread
 

Apparently such an abrupt reduction has never been seen before

Re: Post-Brexit Thread
 

hope they got their euro's last week;)

Re: Post-Brexit Thread