Brexit - Yes or No?

[icyfroth]

Warnings about global economic fallout if Britain votes to leave the European Union are reaching fever pitch a day out from the so-called Brexit referendum.

In an op-ed in the Guardian, billionaire currency trader George Soros said a "Leave" vote could severely damage British living standards and potentially trigger a major crash in the British pound.

Economists divided on Brexit

BlackRock managing director and global chief investment strategist Richard Turnill said if Britain does exit, he expected to see volatility and significant declines in the Sterling.

"We expect to see significant declines in domestic UK assets, particularly smaller, mid-cap equities, but actually as you've seen over the last few days, the volatility I think is going to extend to broader European assets and global assets. I think you'll see flows into safe havens in the event of an exit, back into treasuries, back into gold," Mr Turnill said.

But British economist Roger Bootle, the founder of Capital Economics disagreed, arguing the UK would not be necessarily worse off if it left the EU.

"It's not going to be a case of European politicians saying to their own industries and to us we can't trade, that would be illegal under WTO rules," Mr Bootle said.

"It's going to be a matter of the EU if worse comes to worse, treating us exactly as they treat all sorts of countries around the world, including the United States, India, China, Japan, etc."

http://www.abc.net.au/news/2016-06-22/warnings-about-global-economic-fall-out-of-brexit-reaches-feve...

My son, who lives in England and works in the finance sector in London, wants England to stay in the EU. I say they should leave. We've been sending each other terse emails.

[electric*mayhem*band]

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@the_great_she_elephant wrote:

What left me gobsmacked was Nigel Farage bragging that it (Brexit) had been achieved "withut a bullet being fired". And that less than a week after parliament had united to honour Jo Cox. 

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Excuse me, but why are you making a connection between Nigel Farage saying "without a bullet being fired". and the tragic, heartbreaking, and the appalling and untimely death of Jo Cox ? How long after someone is killed by whatever means, do you suggest is a reasonable elapsed space of time before the way in which they died, is mentioned again ? You claim a week approx, yes ? That had absolutely nothing to do with it.

I don't know about in Oz, but the saying is pretty current here for something that is achieved with ease. Sometimes it's 'bullet' other times 'shot', and I suppose this harks back to WW1, but that's my guess. You see this is how our red tops - perhaps this is where you got your quote - vilify Nigel Farage as being racist. They are looking for every little nuance in his rhetoric, to enlarge and magnify this to suit their own agenda.

And incidentally, Nigel Farage's wife is German.

Scroll down for Nigel's barnstorming EU triumphant Brexit speech. Another classic.

http://www.telegraph.co.uk/news/2016/06/28/not-laughing-now-are-you-brussels-attacks-nigel-farage-ov...

[davidc4430]

i heard a rumour from a friend of a friend who i think read it on the interweb so it must be true that...

the EU wants to leave the EU!

[bright.ton42]

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@electric*mayhem*band wrote:

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@the_great_she_elephant wrote:

What left me gobsmacked was Nigel Farage bragging that it (Brexit) had been achieved "withut a bullet being fired". And that less than a week after parliament had united to honour Jo Cox. 

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Excuse me, but why are you making a connection between Nigel Farage saying "without a bullet being fired". and the tragic, heartbreaking, and the appalling and untimely death of Jo Cox ? How long after someone is killed by whatever means, do you suggest is a reasonable elapsed space of time before the way in which they died, is mentioned again ? You claim a week approx, yes ? That had absolutely nothing to do with it.

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Totally agree, of course it was said with no malice or innuendo.  this is what can cause so much trouble,  purposely misconstruing someone's remark  to mean something else.  A bit like political correctness.     Almost seems like soon we will all have to bandage our mouths as  we'll be too scared to say anything. 

[crusader-rabbit48]

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@davidc4430 wrote:

i heard a rumour from a friend of a friend who i think read it on the interweb so it must be true that...

the EU wants to leave the EU!

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[davidc4430]

oh goody, i have a fanboy

[springyzone]

  You either have free trade and free movement of people both ways or not at all.  There was a time when business trading with other countries had to pay both export and import duty; it was cumbersome and expensive , and slowed everything down.

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I was reading this from another messageboard.

The last trade figures I read had the UK importing 150 billion dollars a year more in goods from the Eurozone than they exported there.

All the tough talk from the EU will moderate when the likes of the French farmers start feeling the pinch from the lack of UK markets.

Tariffs always work to the advantage of a country with a trade deficit.

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So, on a positive note, even though the UK may end up leaving the EU (and that won't happen overnight), then I would say there is a very good chance they will still be able to renegotiate trade with some EU countries without too many hassles.

[tommy.irene]

Isn't it strange! Only a few yrs or so ago most people didn't give a damn about politics. Nobody could be bothered to inform themselves about the EU. They relied entirely on the tabloids to give them foot high headlines on some dastardly deed or other the EU had 'supposedly' done. Usually sourced from that notorious liar Boris .Now everyone is an expert ? The government 'fixed' the working class by getting rid of the unions..along with manufacturing .in the 80's Leaving whole swathes of the country reliant on the dole..(a system Maggie encouraged ) Those who were proud hard working people left without jobs were forced to leave their homes and 'MIGRATE' to wherever work could be found... The 'bludgers' remained and happily took the handouts feeling they were 'owed' The middle class simple grew richer for the most part and their contribution to British society was to start buying up second homes left right and centre.(sometimes even third ones) not forgetting ones abroad, especially in Spain. That it would deprive the locals of affordable homes,and then eventually even their own kids ,mattered not in those greed filled yrs.They also felt 'entitled' and rewarded themselves with multiple 'breaks' at home and abroad Enjoying yourself was the buzz words of the time The upper classes.or top 2%.remained the same.in control, getting richer in fact on cash made through the totally out of control money markets,especially the city of London that had cleverly avoided the irksome part of joining the EU club by retaining the pound. Trouble was although the country no longer had to deal with those blasted unions along with the great unwashed, living 'oh I don't know' somewhere above Watford? The country stopped making anything. The people however didn't stop buying.On credit of course It became apparent recently that the UK has accumulated a debt larger than anything in it's history. unpayable in fact.. Talk about Greece lol what to do? well blame the EU of course. Get the money we pay in to allow us to trade freely. back! (Stick a fictitious figure on the side of a bus and get those poor people mad) The total 'no brainers' in power realised without the cash cows that had once been Liverpool (almost 250 yrs.. with 100 yrs of that providing 93% of GDP for the UK) or Manchester (cotton/textile king for over 100yrs) or Birmingham (car manufacturing) etc etc.Nothing much seemed to be coming in apart from that which was derived from the city..now almost wholly owned by America. It was just so easy to cry 'wolf' .Yrs and yrs of blaming the EU, to divert attention from the real crisis at home. The huge growing divide between the rich and the poor in the UK.The lack of jobs .The sneering that was commonplace at anyone living above Watford.. London and the home counties had indeed become another country.They voted that way as well. Immigration was always up to the uk Government to allow or not..Nothing whatsoever to do with the EU. True the policies of the free trade is to allow free movement of people. However . how a country implements that is ENTIRELY UP TO THEM. The Netherlands for instance does not allow you to remain n the country without a job for longer than 6 months.You are monitored upon arrival.. your papers checked. throughout your stay etc.You are NOT eligible for any assistance i.e. dole until you have worked in full time employment for at least 6 months.You will NOT get a job that can be done by a Dutch person.(a la USA) and you will not be deemed a resident for 5 yrs Hence there is no flood of immigrants to NL. SO It's the UK's policies or lack of in regard of EU migrants.. OR there are in fact jobs for them? I suspect the latter Immigrants from outside the EU.. well.. Thats that old chestnut the handing out of British passports to people from the old Empire.. AGAIN nothing to do with the EU. Refugees... Thats ENTIRELY due to the UK's friend and special relationship buddy the USA. AGAIN.. Nothing to do with the EU. Given the above .I can't believe my fellow countrymen are so thick they haven't been able to work this out by now.. Apparently many are...They needed to have got off their butts yrs ago and sorted out their own country first before blaming the rest of the world and especially the EU now for their self inflicted ills . Shame on them.

[tommy.irene]

The best part is.......................................................... The Netherlands for instance does not allow you to remain n the country without a job for longer than 6 months.You are monitored upon arrival.. your papers checked. throughout your stay etc.You are NOT eligible for any assistance i.e. dole until you have worked in full time employment for at least 6 months.You will NOT get a job that can be done by a Dutch person.(a la USA) and you will not be deemed a resident for 5 yrs Hence there is no flood of immigrants to NL. SO It's the UK's policies or lack of in regard of EU migrants.. OR there are in fact jobs for them? I suspect the latter Immigrants from outside the EU.. well.. Thats that old chestnut the handing out of British passports to people from the old Empire.. AGAIN nothing to do with the EU. Refugees... Thats ENTIRELY due to the UK's friend and special relationship buddy the USA. AGAIN.. Nothing to do with the EU. Given the above .I can't believe my fellow countrymen are so thick they haven't been able to work this out by now.. Apparently many are...They needed to have got off their butts yrs ago and sorted out their own country first before blaming the rest of the world and especially the EU now for their self inflicted ills................ The EU dosent give you free money or houses . The Uk does that..

[electric*mayhem*band]

You'll be asking us next Thomas, to believe that you thought up and manufactred that diatribe above yourself, and didn't really C&P it from your 'Jokes 'R' Us' website.

Anyway, it gave me a laugh. 

[baybizz]

Tommy: As you so succinctly put it "I'm a 75 year old nutcase..."

Regetfully, I have to agree with you...