UKIP leader Nigel Farage stands down

[pip08456]

Originally Posted by Damien

The EU is one of the biggest economies in the world. Saying 'cya' to it is mental.

As is the UK

"Britain is currently the world's fifth largest economy based on total Gross Domestic Product (GDP), which currently stands at $3.04 trillion."

As recently as June 10th with Brexit looming this was forecast.

"Bumper growth will put Britain on course to become the world's fourth largest economic powerhouse ahead of an ageing Japan and Germany in the 2030s, according to the CEBR's latest world economic league table."

Source http://www.telegraph.co.uk/finance/e...exclusion.html

So much for experts.

[Ignitionnet]

Farage doing his bit for the UKIP candidate for Conservative Party leader.

---------- Post added at 12:41 ---------- Previous post was at 12:39 ----------

Originally Posted by pip08456

As is the UK

"Britain is currently the world's fifth largest economy based on total Gross Domestic Product (GDP), which currently stands at $3.04 trillion."

As recently as June 10th with Brexit looming this was forecast.

"Bumper growth will put Britain on course to become the world's fourth largest economic powerhouse ahead of an ageing Japan and Germany in the 2030s, according to the CEBR's latest world economic league table."

Source http://www.telegraph.co.uk/finance/e...exclusion.html

So much for experts.

I'm not sure what you're saying with this. Did you read the article before you posted it? The following is two of the last three paragraphs.

The CEBR however warned Britain's economic performance could be derailed by a number of major political risks - such as the breakup of the United Kingdom and an exit from the European Union.

They noted that a "Brexit" would "prove at best disruptive and at worst lead to a more insular and less diverse culture which in turn would generate slower growth".

Signs for their 'at worst' scenario are looking pretty ominous so far.

[pip08456]

Originally Posted by Ignitionnet

I'm not sure what you're saying with this. Did you read the article before you posted it? The following is two of the last three paragraphs.



Signs for their 'at worst' scenario are looking pretty ominous so far.

It is however a "worst case" scenario unlike the total scaremongering of the remain camp.

Providing we get a leader who will start the leave process sooner rather than later and show true leadership the better chance we have of recovery happening sooner.

Financial markets have always taken a downturn where doubt and uncertainty exist.

The only way to remove doubt and uncertainty is invoke A50 and conclude exit negotiations as soon as possible and move on. Then we will see if we can still trade on our own.

[Ignitionnet]

Forgot to mention, that forecast was made last year just FYI. Unsure where June 10th comes from.

Other than disregarding the referendum result, which must not happen, there is no way to calm things.

Safest path, and most unlikely, is EEA membership. Anything else is a big leap into the dark.

A better metric to follow now is per capita GDP. Always has been really.

[pip08456]

My typo re June 10th as the article is from today July 10th. I would've thought that obvious as I also linked to it.

[Ignitionnet]

Originally Posted by pip08456

My typo re June 10th as the article is from today July 10th. I would've thought that obvious as I also linked to it.

I would've thought it obvious that isn't the case given the article is timestamped 26th December 2015.

Despite what some believe there is plenty of life outside the EU and we can be a part of it we do not have to bow down to demands from the EU although most of our politicians and a section of society would be more then happy with that. Personally I have confidence in the UK and it's people and our history shows we are at our best when things get tougher this is one of those times. Let's also not pretend we have left some luxurious utopian dream club the risks of staying in the EU were significant and the structure of the EU was not exactly the pinnacle of stability.

[Ignitionnet]

There is indeed plenty of life outside the EU. For all the issues we're having right now in the very long term it may work out best for us.

However in the interim why not ease the transition as much as possible with membership of the EEA allowing us to both trade freely with the world and with the European Union?

As long as freedom of movement is not a part of any deal have at it but all the doom and gloom merchants acting as though we bring little to the table and should be grateful for whatever the EU offers are pathetic. If needs be we'll have the same trade arrangement as any other country globally has with the EU and build from there, it's time for politicians to actually have confidence in this country instead of using it as a sound bite.

[mrmistoffelees]

Originally Posted by RizzyKing

1) As long as freedom of movement is not a part of any deal have at it but all the doom and gloom merchants acting as though we bring little to the table and should be grateful for whatever the EU offers are pathetic. 2) If needs be we'll have the same trade arrangement as any other country globally has with the EU and build from there, it's time for politicians to actually have confidence in this country instead of using it as a sound bite.

1) No freedom of movement, no access to single market.......Switzerland have been told, we've been told...

2) We'll pay the same huge tariffs as well as the other countries then

---------- Post added at 08:43 ---------- Previous post was at 08:39 ----------

Originally Posted by pip08456

As is the UK

"Britain is currently the world's fifth largest economy based on total Gross Domestic Product (GDP), which currently stands at $3.04 trillion."

As recently as June 10th with Brexit looming this was forecast.

"Bumper growth will put Britain on course to become the world's fourth largest economic powerhouse ahead of an ageing Japan and Germany in the 2030s, according to the CEBR's latest world economic league table."

Source http://www.telegraph.co.uk/finance/e...exclusion.html

So much for experts.

The data is updated twice yearly, the last prior to the referendum. Since then however,

'After the referendum in June 2016 when voters decided to leave the European Union, economic prospects for the UK are highly uncertain, and the UK and France may very well swap places. The country will operate under EU regulations and trade agreements for two years after the formal announcement of an exit to the European Council, in which time officials will work on a new trade agreement. Economists have estimated that a Brexit could result in a loss of anywhere from 2.2-9.5% of GDP, depending on the trade agreements replacing the current EU regulations.'

---------- Post added at 08:45 ---------- Previous post was at 08:43 ----------

Originally Posted by RizzyKing

Despite what some believe there is plenty of life outside the EU and we can be a part of it we do not have to bow down to demands from the EU although most of our politicians and a section of society would be more then happy with that. Personally I have confidence in the UK and it's people and our history shows we are at our best when things get tougher this is one of those times. Let's also not pretend we have left some luxurious utopian dream club the risks of staying in the EU were significant and the structure of the EU was not exactly the pinnacle of stability.

Based on? This has never been done before so I dont see how a comparison can be made.

Originally Posted by mrmistoffelees

1)

Based on? This has never been done before so I dont see how a comparison can be made.

We weren't always in the EU you know

[Ignitionnet]

Originally Posted by martyh

We weren't always in the EU you know

But we are now, and quoting the head of the WTO:

World Trade Organisation boss, Roberto Azevedo, said Britain would be forced to renegotiate trade deals with all 161 WTO members in an unprecedented move that would be akin to joining from scratch. The impact of new tariffs in overseas markets would also be a burden for UK businesses, adding a further £5.5bn to the costs of trade, he said.

“The consumer in the UK will have to pay those duties,” Azevedo said. “The UK is not in a position to decide ‘I’m not charging duties here’. That is impossible. That is illegal.”

WTO telling us what to do. Violating our sovereignty. We'd best have a referendum on leaving it.

[techguyone]

I'll be a lot happier when people stop sniping, bitching, & making snide comments and just making the best of things, we are where we are, there's no reason why we can't be doing as well as we do now if we pull together.

It'll end up being very unhealthy for the country if people keep pulling it down, naysaying and being defeatist before we've even begun.

It'll end up a self fulfilling prophesy if it goes on, you'd think that's what people want.

Dangerous and stupid thing to do just to say 'I told you so'

Some of us who have been on the planet for more than 5 minutes knows our country has been around a lot longer than the 40 years or so we've been in the EU & the world is a damn sight larger than Europe.

In the mid to long term we'd have had to expand beyond the old continent in any case, there's vast expanding and emerging markets in places like China, India, Brazil.

That's assuming that the EU hadn't imploded anyway under the weight of most of North Africa... sorry Libya & Syria... or because it's currency had collapsed under the weight of Greek & other poor countries debt.

This is an opportunity not a tragedy.

Yes there's risks, there's always been risks, that's life. Being timid doesn't do well on a personal level nor on a national one.

FFS pull together, it'll be worth a lot more than a 'told you so'.

[Ignitionnet]

Originally Posted by techguyone

I'll be a lot happier when people stop sniping, bitching, & making snide comments

Yes, me too. Especially the really patronising comments towards the young.

Originally Posted by techguyone

Some of us who have been on the planet for more than 5 minutes knows our country has been around a lot longer than the 40 years or so we've been in the EU & the world is a damn sight larger than Europe.

I'll pull together when we have some idea of our future relationship with the EU after we leave. Until then it's campaigning mode for membership of the EEA, even if it is unlikely, as I consider it the best platform to take advantage of future opportunities.

[techguyone]

No one's patronised the young particularly. It's a generational thing, going back into recorded history at least as far as the Greeks, each generation is convinced the newer one is lesser, yet here we are several thousand years on.

Mindsets do change though as you gain experience and dare I say maturity, it's just the human condition.

I don't think anything like I did in my 20's or really even my 30's plus you do get a little jaded as you grow older, as you can see the same **** going round and round. Thing's can get a bit 'samey' that's the kind of thing you overlook, don't notice or remain blissfully unaware of as your younger self.