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Old 27-02-2016, 10:53   #683
Osem
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re: [Update] The UK votes to leave the EU

Quote:
Originally Posted by Damien View Post
Markets don't like uncertainty. They will be preparing for exit I imagine, various banks so far have issued guidance to their shareholders of what their plans are regarding the Exit. Those reports by the way do not talk positively of it.

The other side of this is maybe they're not blackmailing us 'for reasons best known to themselves' and instead genuinely think that exit from the EU would not be in their best interests.

The same thing happened with the Scottish Referendum. Any company or organisation that said it would not be good for Scotland were accused of blackmail and improperly tying to prevent Scotland from being Independence.

There is some truth to that. It's not really great when companies get involved with politics and in both cases they've been encouraged to go public with their concerns by Westminster. Hell, the Tories got companies to sign a letter warning about Labour winning the election - there wasn't much concern about that then. The more important point is that there is more to this vote than economic concerns.

At the same time though it's not really blackmail to warn of consequences. In the end it turns out that some of the warnings from the Better Together campaign, such as the unrealiablity of oil prices, turned out to be more than just scaremongering.
Which is why I wrote 'blackmailed'.
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