EU Referendum Megathread (Brexit)

[xxMATTGxx]

Slimy BBC at it again.

That tweet would make more sense if he took a picture of the BBC but instead he's used Sky News...

[-:Undertaker:-]

@xxMATTGxx; lmao how did i miss that

yes sky. credit to BBC i checked twitter and they haven't done the link with Brexit line

[-:Undertaker:-]

https://www.theguardian.com/society/...er-brexit-vote

Have you ever heard such rubbish?

Next we'll be treated to correlations like "Marmalade sales dipped 506% since Brexit" and "Slips at work rise 47% since Brexit"

Give me a break.

[AgnesIO]

http://www.cnbc.com/2016/10/06/briti...ecade-low.html

yay brexit






*the homophobic attack correlation did make me smile though

[-:Undertaker:-]

"Only for UK to assess the outcome of the negotiations and decide if it is in their interests" says Tusk pic.twitter.com/7dz2ofcNWl

— Faisal Islam (@faisalislam) October 13, 2016

It's hard Brexit or no Brexit at all, says EU council president https://t.co/QLcxoP4qFo

— The Guardian (@guardian) October 13, 2016

Excellent. Well that's just what we voted for, not a fudge.

Why excellent? Because it means negotiations should be short. I think we'll finalise & withdraw by winter 2017 tbh.

[AgnesIO]

The pound has continued its collapse, which will lead to an increase in prices in both exports and imports. Great news.

[-:Undertaker:-]

The pound has continued its collapse, which will lead to an increase in prices in both exports and imports. Great news.

You do realise it has been Bank of England policy now for a few years to have a weaker GBP for exports/FDI?

https://www.theguardian.com/business...ng-brexit-vote

Fall in Sterling is a welcome change, says former Bank of England Governor Lord Mervyn King

The collapse in the value of the pound since Britain voted to leave the EU has been described by Lord Mervyn King, former governor of the Bank of England, as a welcome change.

Lord King, who ran the Bank during the 2008 banking crisis, told Sky News: “The economy was slowing somewhat before the vote and we are in a position where the rest of the world is not offering us much help.

“So, from that point of view the fall in sterling is a welcome change.”

King, who left the Bank in 2013, said shortly after the EU referendum that he had been baffled by a warning that there would need to be an emergency budget in the event of Brexit.

Commenting on the pound’s sharp moves since the vote, he told Sky on Monday: “The whole thing has generated reactions which are over the top.”

Some economists argue that a fall in the pound could force the UK economy to rebalance towards more exports because British products become more competitive on overseas markets when the currency is weaker.

[-:Undertaker:-]

News just coming in that a Committee for Brexit has been set up... with the most eurosceptic ministers dominating it.

I think today may be the day I sign up to the Conservative and Unionist Party. Our coup de'tat of the Tory Party is complete.

http://www.bloomberg.com/news/articl...exit-ministers

U.K.’s May Loads Team for EU Talks With Hard Brexit Ministers

The U.K.’s exit negotiations with the European Union will be controlled by a select group of 12 ministers that includes all of the most Euroskeptic members of Theresa May’s cabinet, a further sign that the premier may be planning a clean break with the EU.

The committee will “oversee the negotiations on the withdrawal from the European Union and formation of a new relationship between the United Kingdom and the European Union; and policy on international trade,” according to an unpublished U.K. government document obtained by Bloomberg.

The group includes all six members of May’s cabinet who campaigned to leave the EU at the June referendum: Foreign Secretary Boris Johnson, International Trade Secretary Liam Fox, Brexit Secretary David Davis, International Development Secretary Priti Patel, Transport Secretary Chris Grayling, and Andrea Leadsom, the environment secretary.

The committee’s make-up suggests that May is planning a so-called hard Brexit, in which the government prioritizes immigration controls ahead of access to trade goods and services freely in the EU’s single market.

[AgnesIO]

You do realise it has been Bank of England policy now for a few years to have a weaker GBP for exports/FDI?

https://www.theguardian.com/business...ng-brexit-vote

Fall in Sterling is a welcome change, says former Bank of England Governor Lord Mervyn King

Only really applicable to the professional services industry, which is ironic as those are the jobs that the people who voted Brexit aren't actually qualified to do.

Britain doesn't manufacture raw materials, meaning we have to import them to make a product to export. Thus, it is bad news for the common man.

[-:Undertaker:-]

@AgnesIO; Not really as it makes manufacturing cheaper here so hopefully more manufacturers start up as a result.

Remainers claim a low sterling is a disaster and Leavers claim it is a blessing. Reality is it's neither but somewhere in the middle.