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Old 12-05-2016, 20:10   #1845
Damien
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re: [Update] The UK votes to leave the EU

All kicked off today. ITV are going to have a debate between Cameron and Farage and Vote Leave aren't happy. This is fair enough since Cameron has reportedly been intentionally trying to sideline anyone from Vote Leave and promote Farage, he wouldn't debate anyone else. Vote Leave and Remain view Farage as a loose cannon with turns off moderate voters which is largely seen as right so it's obvious what Cameron is doing here. He did the same with Miliband in the election.

Vote Leave though went a bit over the top with their statement especially with this ominous threat at the end:

Quote:
The source said ITV had "effectively joined the official In campaign and there will be consequences for its future", saying "the people in No 10 won't be there for long".
For all the accusations of Project Fear I think this is the first time there has been an implied threat from the people who would carry out that threat. If Vote Leave as so worried about Farage looking bonkers it's probably best they don't go off the reservation entirely as well.

Meanwhile the Governor of the Bank of England has said Brexit could lead to a recession. I think out of all the 'doom' scenarios the most likely is a recession followed by slow growth as the deals start to finalise. It's hard to imagine that we wouldn't enter a big period of uncertainty once the Leave vote comes in.

The FT did a piece on what to expert from the markets: http://www.ft.com/cms/s/2/a75fc5ae-1...#axzz48NuU44hq
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