Post-Brexit Thread

[Ignitionnet]

Originally Posted by Russ

Word is Plaid Cymru will be pushing for Welsh independence. Utterly utterly stupid idea.

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 ----------

Originally Posted by Damien

http://www.cnbc.com/2016/06/27/sp-cu...-from-aaa.html

Expected.

Project Fear. Our economy is awesome.

Originally Posted by martyh

Is it that big a deal ?

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

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

Originally Posted by Damien

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

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

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

Originally Posted by martyh

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

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.

[ntluser]

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.

[Mr K]

Originally Posted by ntluser

I often wish that there was some magic spell that would temporarily transform racists so that they would be forced into the footsteps of people who they detest in order that they could experience what racism is like when they are on the receiving end.

Maybe then they would understand better what it is like to be persecuted, disrespected, humiliated, ill-treated and hated.

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.

Originally Posted by Ignitionnet

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.

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.

Originally Posted by ntluser

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.

Bet they still go on the summer break

Originally Posted by ntluser

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.

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.

[heero_yuy]

Originally Posted by RBMark

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.

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.

[denphone]

Originally Posted by martyh

Bet they still go on the summer break

Rest assured their holidays have already been booked.

Originally Posted by heero_yuy

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.

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.

Originally Posted by Damien

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.

Apparently such an abrupt reduction has never been seen before

[papa smurf]

Originally Posted by denphone

Rest assured their holidays have already been booked.

hope they got their euro's last week