HaydnH Posted June 27, 2016 Share Posted June 27, 2016 (edited) So it was a good idea to vote yourself out the EU and risk that market? I don't believe it will be risked, worst case scenario is a 4% tariff in line with the WTO but a) Germany would never allow that, we're in the top 3 of each others import/exports and b ) we buy more from Europe than any other country, why **** off your best customer? I doubt they'll risk ~16% of the EUs exports just to make a statement. EDIT: I can never remember not to use b ) instead of Edited June 27, 2016 by HaydnH 1 Link to comment Share on other sites More sharing options...
coldel Posted June 27, 2016 Author Share Posted June 27, 2016 So nothing will change, except we no longer have a say what goes on in our top import market? 1 Link to comment Share on other sites More sharing options...
Adrian@TORQEN Posted June 27, 2016 Share Posted June 27, 2016 Seems like the Germans are not making it easy for UK, helping Scotland An independent Scotland would be welcome to join the European Union, a senior German lawmaker and ally of Chancellor Angela Merkel has said after Britain's vote to leave the bloc. "The EU will still consist of 28 member states, as I expect a new independence referendum in Scotland, which will then be successful," said Gunther Krichbaum, a member of Merkel's conservatives and chairman of the European affairs committee in parliament. "We should respond quickly to an application for admission from the EU-friendly country," he told the Welt am Sonntag newspaper. http://mobile.reuters.com/article/idUSKCN0ZC0QT Link to comment Share on other sites More sharing options...
Adrian@TORQEN Posted June 27, 2016 Share Posted June 27, 2016 Heard Kelvin MacKenzie on LBC about 90 minutes go while driving... Play the sound clip. http://www.lbc.co.uk/kelvin-mackenzie-on-why-he-regrets-voting-leave-132941 Link to comment Share on other sites More sharing options...
gangzoom Posted June 27, 2016 Share Posted June 27, 2016 What else can I say... http://www.bbc.co.uk/news/uk-england-cambridgeshire-36641755 Link to comment Share on other sites More sharing options...
Adrian@TORQEN Posted June 27, 2016 Share Posted June 27, 2016 http://www.bbc.co.uk/news/business-36644934 Link to comment Share on other sites More sharing options...
ioneabee Posted June 27, 2016 Share Posted June 27, 2016 just a reminder 6 Link to comment Share on other sites More sharing options...
rtbiscuit Posted June 27, 2016 Share Posted June 27, 2016 but I wonder what will be part of the deal for Scotland to join the EU, I have a feeling they will have to adopt the Euro, they'll be modelled on the irish, if that's a positive or a negative I don't know and at this point with the risk attatched to the Sterling would swapping to a Eruo for Scotland be a good thing? Link to comment Share on other sites More sharing options...
Adrian@TORQEN Posted June 27, 2016 Share Posted June 27, 2016 Speaking of sterling: http://www.marketwatch.com/story/british-pound-could-hit-history-making-dollar-parity-by-end-of-2016-2016-06-27 Link to comment Share on other sites More sharing options...
Chesterfield Posted June 27, 2016 Share Posted June 27, 2016 I'll just leave this here... It appears there is reason to believe Corbyn voted to leave. Link to comment Share on other sites More sharing options...
glrnet Posted June 27, 2016 Share Posted June 27, 2016 Link to comment Share on other sites More sharing options...
glrnet Posted June 27, 2016 Share Posted June 27, 2016 So has Woy. Link to comment Share on other sites More sharing options...
Andy_Muxlow Posted June 27, 2016 Share Posted June 27, 2016 Hmmm the possibilities haha.... Sent from my iPhone using hammer and chisel! Link to comment Share on other sites More sharing options...
coldel Posted June 27, 2016 Author Share Posted June 27, 2016 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... Link to comment Share on other sites More sharing options...
Ekona Posted June 27, 2016 Share Posted June 27, 2016 At least we're still in the football! ...oh. 1 Link to comment Share on other sites More sharing options...
ioneabee Posted June 27, 2016 Share Posted June 27, 2016 WE are (waving the welsh flag) 2 Link to comment Share on other sites More sharing options...
Ekona Posted June 27, 2016 Share Posted June 27, 2016 I'm a Morgan, so I claim Welshness! Link to comment Share on other sites More sharing options...
ioneabee Posted June 27, 2016 Share Posted June 27, 2016 just surprised we're still in it ..... so every game is a bonus Link to comment Share on other sites More sharing options...
Adrian@TORQEN Posted June 27, 2016 Share Posted June 27, 2016 I'll just leave this here... It appears there is reason to believe Corbyn voted to leave. So they dug his vote card out? Isn't that "a bit" illegal? I bet it's going to be in Daily Mail, so it must be true! Link to comment Share on other sites More sharing options...
BobbyZ Posted June 27, 2016 Share Posted June 27, 2016 Well someone said it on Twitter - it doesn't get more true than that 1 Link to comment Share on other sites More sharing options...
gangzoom Posted June 28, 2016 Share Posted June 28, 2016 Having a really bad week really... All the stuff we are seeing now wouldn't be felt for another 6 months. Q4 2016, Q1 2017 is when we will start seeing the real effects of reduced investment, changes in cost of living etc. I hope we dont see it but i think everyone in the UK is heading for a drop in quality of life. Link to comment Share on other sites More sharing options...
coldel Posted June 28, 2016 Author Share Posted June 28, 2016 I know, they are predicting the recession to kick in early next year when the lack of investment starts to impact the economy. Link to comment Share on other sites More sharing options...
JetSet Posted June 28, 2016 Share Posted June 28, 2016 If the £ doesn't pick up we'll start seeing some of the effects in 3-4 months time with more expensive prices for imported goods but I wouldn't expect anything too catastrophic. Exporters should see a boost as should the tourist industry and I don't think that large international companies like for example Toyota are going to be pulling out of The U.K anytime soon but they may well delay further investment until the situation becomes clearer. A lot depends on the terms that are agreed on and the time scale. One of the disadvantages we have and to be fair have always had is our geographic position, it must be far more economical to build factories on mainland Europe and save on transport costs, however so far this hasn't been a problem. Let's see where we are in 12 months time, we should have a clearer picture by then. Pete Link to comment Share on other sites More sharing options...
Adrian@TORQEN Posted June 28, 2016 Share Posted June 28, 2016 There will be a second referendum. Link to comment Share on other sites More sharing options...
coldel Posted June 28, 2016 Author Share Posted June 28, 2016 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. Link to comment Share on other sites More sharing options...
Recommended Posts