Brexit Thread

[Gilrandir]

And here comes Scotland:
http://www.dailymail.co.uk/news/arti...eferendum.html

[Seamus Fermanagh]

And here comes Scotland:
http://www.dailymail.co.uk/news/arti...eferendum.html

I don't think that having to divest themselves of Scotland would slow the Tory push for a hard exit. Might well enhance it. British "country mice" want OUT and they want out last week or so.

[Pannonian]

I don't think that having to divest themselves of Scotland would slow the Tory push for a hard exit. Might well enhance it. British "country mice" want OUT and they want out last week or so.

Tories like the status quo. Scotland within the Union but denied to its main opponents.

[Philippus Flavius Homovallumus]

Tories like the status quo. Scotland within the Union but denied to its main opponents.

Tony Blair doomed the UK when he created the devolved administration. No government will ever agree to federalise England into its historic regions and the longer Scotland remains an anomaly the more inevitable a divorce becomes. Just like Ireland, just like India, Canada, Australia.

Ironically Blair made Disraeli's mistake of believing people would be grateful for getting a vote.

[rory_20_uk]

And here comes Scotland:
http://www.dailymail.co.uk/news/arti...eferendum.html

Reminds me of the Life of Brian - they don't want a referendum (since economically it'd be a disaster unless oil doubles / triples in value) but their electorate gets all excited about discussing the right to have one.

[Seamus Fermanagh]

Doesn't this repetitive "In, Out; In, Out" strike you as metaphorical?

[edyzmedieval]

For the most part, I'm interested in the economic outlook that's related to the Brexit. Initially, the weakness in the pound triggered a solid business/economical outlook, but that took a serious crash dive when PM May outlined her plans to trigger the Brexit, which caused some serious havoc in the exchange markets. GBP/USD (Pound to dollar ratio) took a serious beating, and even suffered a flash crash of 6%.

That's not a good sign by any standards - even if a flash crash was most likely triggered by automatic sellings because of the breaking of a support/resistance point within the exchange market.

In the long run, economically, it can benefit or it can suffer. It depends very much on the government.

Britain needs to do the Brexit really carefully. Manage it properly, or else there will be some consequences for the entire world, not just for Britain.

Bloomberg article on the GBP - http://www.bloomberg.com/news/articl...-hedges-expire

[Husar]

Well, Boris Johnson thought the economic outlook is rather bad:

https://www.theguardian.com/politics...emaining-in-eu

In a Telegraph article, written days before a published version in which he backed leaving, the foreign secretary wrote of the EU: “This is a market on our doorstep, ready for further exploitation by British firms. The membership fee seems rather small for all that access. Why are we so determined to turn our back on it?”
[...]
He also warned that Brexit would cause an “economic shock” and could lead to the breakup of the United Kingdom in the article revealed in the book, All Out War: the Full Story of How Brexit Sank Britain’s Political Class.

Thankfully, he never published that and "used it only to make up his mind" or "found another perspective" or whatever.

[Fragony]

For the most part, I'm interested in the economic outlook that's related to the Brexit. Initially, the weakness in the pound triggered a solid business/economical outlook, but that took a serious crash dive when PM May outlined her plans to trigger the Brexit, which caused some serious havoc in the exchange markets. GBP/USD (Pound to dollar ratio) took a serious beating, and even suffered a flash crash of 6%.

That's not a good sign by any standards - even if a flash crash was most likely triggered by automatic sellings because of the breaking of a support/resistance point within the exchange market.

In the long run, economically, it can benefit or it can suffer. It depends very much on the government.

Britain needs to do the Brexit really carefully. Manage it properly, or else there will be some consequences for the entire world, not just for Britain.

Bloomberg article on the GBP - http://www.bloomberg.com/news/articl...-hedges-expire

I wouldn't take to much interest in that. One of the biggest Dutch banks is going to settle in city. Take your opertunity ffs it is NOT going to last long. Friendly advise to Brittish orgahs, buy now. If we go down together I'll at least buy the beer

[Kralizec]

They (ING) are moving the activities of some 50 investment bankers to London. They said the move is logical at the moment but essentially provisional, depending on what sort of post-Brexit deal the UK is going to make.

It's remarkable in a way, as ING issued pessmistic warnings about Brexit before the referendum and said they might move their activities out of the UK in that event. Then again, the real Brexit is probably still 2 years away.

[Fragony]

They (ING) are moving the activities of some 50 investment bankers to London. They said the move is logical at the moment but essentially provisional, depending on what sort of post-Brexit deal the UK is going to make.

It's remarkable in a way, as ING issued pessmistic warnings about Brexit before the referendum and said they might move their activities out of the UK in that event. Then again, the real Brexit is probably still 2 years away.

surely is remarkable, I really don't understand it. It comes as a complete surprise