coldel

Its the investment that's going to be the problem, large companies are already putting multi million, or even billion pound projects on hold. Projects that would have created jobs and driven growth. As much as I keep hearing the likes of Boris saying short term pain for long term gain, I don't know what this long term gain is. If we end up with a trade deal which means we have to abide by EU regs and freedom of movement, what exactly have we achieved apart from ruining 7 years of austerity and putting us into another 2+ years of recession? Yes we now can negotiate deals with other countries direct like Japan, but how much of 'their stuff' do we actually need? Putting services aside, and focusing on physical products, what is it we would want from them? And how can it be a better deal given that the cost of getting those products half way around the world is always going to be excessive compared to a country sitting next door to us.

So, waking up to another of those morning afters to another England football team failure. But this time its different, in that its the worst of the failures I have ever seen in my life. The FA bottled picking a good manager 4 years ago and picked a yes man, someone who would shuffle about the corridors of football HQ and generally cause no offence. Not challenge anyone at the organisation, not upset any club managers with his selections and not pick players that are fit for the job. A case for the Defence? None. The second Iceland goal epitomised the fundamental flaws with the England defence in that they all need to be told what to do. No doubt Cahill can tackle, Rose can run, but unless someone tells them to they stand there as four individuals not talking to each other. Is it any surprise Cahills best games come for Chelsea next to Terry? In midfield we should rename it a minefield as to be honest it looked like they had all gone off and all that was left was a splattered mess. Danny Drinkwater had the season of his life, his team won the league whilst Spurs and Arsenal dropped by the wayside. But we take Wilshire with no fitness, no form and no game time. What sort of message does that send out to English players in the league who are not playing for the established big name teams? Even if you win the league you do not get near the national side. Vardy was our best striker yet was constantly getting splinters in his backside whilst we watch a woefully out of form Kane and Sturridge wafting about out of position. I guess if Man City but Drinkwater for £49m he will be a shoe-in for the national team then... Up front was, well can we even explain it? Rotating a number of strikers across a top 3 none of whom could play in 2 of those 3 striking positions. How has it come to this? Roy Hodgson appointed to no acclaim, played dull football in his first tournament, but we gave him some breathing space. Next tournament was a disaster yet the FA continue with 'project fail' despite every other expert and fan in the country screaming that change was needed and Roy was not fit for purpose. Third tournament and more of the same, struggled against the worst team in the tournament, a last minute toe poke to beat Wales, then more dross against Slovakia leading Roy to say 'a team will be due a beating soon' - oh how right he was. And lets not forget Roy has done alright out of this, £3.5m per year means £14m later and we had a manager that could not: 1. Pick the right formation for the players available 2. Had no idea what players to pick in his formation 3. Stuck with players that were completely unfit for purpose 4. Had no idea what his best team was after 4 years at the helm 5. Carried on with a Corbyn-esque blinkedness as to how his team were performing My fear is we get another yes man like Gareth Southgate and the whole process starts over again and I have to waste more hours of my life hoping against hope that England will at some point perform to the level the quality of players we turn out should.

I know, they are predicting the recession to kick in early next year when the lack of investment starts to impact the economy.

Should have done 2 years ago and saved us all this misery. Can someone also now replace the morons at the FA that kept him on...

UKs credit rating downgraded by Standard and Poor, very bad news. Effectively means they have no confidence that the UK will attract foreign investment and that they see a reduction in growth in the medium term. Having a really bad week really...

Yes, can someone please pull Harry Kane aside and explain to him that he is ABSOLUTELY EFFING USELESS at taking freekicks and corners.

Thank god we are out - worst England team in living memory. So devoid of capability to create a goal scoring opportunity its ridiculous.

Think we spent our money on two honeymoons - as above, we had been together years before we got married, what do we need another set of cooking pots for, we kinda bought all that stuff before. Vouchers are ok, but limit what you can actually do with them obviously. Other cultures do the cash thing, I remember having to pay to get into a wedding we were invited to in Japan!

So nothing will change, except we no longer have a say what goes on in our top import market?

The only voices to have come out and supported him are union leaders...back to the good old days of the staunch socialist lefties...how out of touch do Labour want their party to be?

More than half mate, at least 4/5ths...the joke is the party will just vote him back in after the ballot tomorrow. Absurd.

Tell them they are disgusting, and walk out

So it was a good idea to vote yourself out the EU and risk that market? In any case, I am now sat here with the live feed on sky news and the Labour party, what an utter farce! This graphic just shows how little faith his own cabinet had in him http://news.sky.com/story/1718067/corbyn-clings-on-defiantly-as-mps-jump-ship

So does that mean our EU market is much more important than it ever was?

Its again a good point, although a quick google shows some intervention was going on in terms of meeting certain targets so it was deliberately deflated (even though the Japanese markets at the time were booming)

But it has to as they are ultimately pegged to each other - compare it to the dollar or the yen for example where no such tie exists and its around 15% down on average and could well fall further.

"Politicians with personal career advancement agendas in broken promises shocker" Who would have thought it...

Yes thats a good point, we asked for money also as gifts, we lived in a one bed flat in Putney, we didnt need a tonne of stuff at the time! Monetary gifts took a huge chunk out the cost.

Its a good point, I think most Stays voted with an economic hat on and those voting Leave voted with a political hat on. When I asked a Leave person why he voted out he ran off a well rehearsed line about wanting to vote against Feudalism in the EU. When asked what it was about this that impacted him so badly that he felt that putting so much at risk was worth it he couldn't really go that one level deeper. Clearly he felt vexed by it, which he has every right to, and in some cases I do you step back and go 'what on earth are they doing that for' but he seemed unwilling to engage with the risks that came with it.

I think given the emotive thoughts around it, I think its still quite civil? It would be a shame to lock as there will be some real unraveling in the next couple of weeks which will shape the future of the UK.

Next two days will make or break Corbyn, that said look at who has come out in support, all the Unions - they love a far leftie detatched from reality...

I guess my fear is that we end up in 2025 where we are now, regulated by EU legislation (as Norway are) but with no say in its creation. Norway have to lobby Sweden regularly to bring their voice to the table to try and influence EU policy making on issues that affect them, that does not feel like a good future for me.

All that makes sense Rich, the very real danger is that foreign investment disappears in the meantime whilst we drag our heels. They then set up somewhere else, and that foreign investment is never brought back. 75% of our exports are services, whilst we are in this state of uncertainty we are putting all that at risk. Personally I think get it moving and get it sorted to minimise the disruption, otherwise we might well lose some huge corporations from the UK that we will not ever recover.

The banking institutions are absolutely right to start planning. As most outside the EU operate on 'passporting' which means they need a 'head office' within the EU area to allow free trade of services across the EU. They originally chose the UK due to our geographic location i.e. close to US and Far East and our strong financial services background etc. If we do not negotiate a deal that allows that relationship with the EU to continue then they have to consider shifting business elsewhere, its very uncertain times for our financial sector. It really isn't about lower cost as far as I can see for many banking organisations.

0-0 and penalties?