If we vote for Brexit what happens

wotsthat

CLAPTON wrote: »

very good points there
just why there needs to plenty of thought put into the issues before publishing any details.

Yes, lots and lots of time needs to be spent thinking about the issues but you quite wish article 50 had been triggered months ago?

Quite contrary.

CLAPTON

wotsthat wrote: »

Suggesting I can take my 'anger' out on the Tories in 2020 misses the point somewhat. I might or might not vote for them in 2020 but that doesn't mean the way they've kept us (their employers) in the dark is acceptable.

you miss the point : the lack of discussion about how expats are to be treated is entirely due to refusal of your democratically elected EU government . The next elections are 2018 I believe although I'm not sure when I get an opportunity to vote for the EU president.

wotsthat

CLAPTON wrote: »

you miss the point : the lack of discussion about how expats are to be treated is entirely due to refusal of your democratically elected EU government . The next elections are 2018 I believe although I'm not sure when I get an opportunity to vote for the EU president.

Ex-pats are pawns in the game. The Tories said this months ago. Must be quite a worry for EU and UK citizens - not very nice but there you go.

There isn't an EU President so you'll get to vote for one about the same time you get to vote for the UK's head of state.

Herzlos

CLAPTON wrote: »

you miss the point : the lack of discussion about how expats are to be treated is entirely due to refusal of your democratically elected EU government . The next elections are 2018 I believe although I'm not sure when I get an opportunity to vote for the EU president.

How so?

The EU's stance on everything is pretty clear: It continues as-is until it is discussed after A50. The EU isn't the party referring to ex-pats as "bargaining chips", remember?

I think the EU is being perfectly fair here - they don't want to waste any more time than they need to on our posturing, they want things to be sorted as quickly as possible, and know that if we enter negotiations in advance, A50 won't get triggered for decades and if the UK can't get a good deal they'll just pull the plug on the whole thing and not leave.

Would you start discussing divorce or resignation terms before the other party has committed to actually acting on it?

Any lack of clarity about what's happening is 100% the fault of the UK government.

wotsthat

Are we seeing the first signs that the government are getting worried about the value of Sterling as Mrs. May seeks an alternative to hard and soft brexit?

Maybe she'd like people to report the only options as brilliant brexit or resplendent brexit.

"I'm tempted to say that the people who are getting it wrong are those who print things saying I am talking about a hard Brexit (and that) it's absolutely inevitable there's a hard Brexit.

"I don't accept the terms hard and soft Brexit.

http://www.belfasttelegraph.co.uk/news/uk/pound-slumps-to-lowest-level-since-october-amid-hint-of-hard-brexit-from-pm-35352148.html

Conrad

Ashoka Mody is Visiting Professor of International Economic Policy at Princeton University and former deputy director of the International Monetary Fund’s European and Research Departments;


'Brexit decision is evident in the sharp fall in value of the British pound, an almost 20 per cent loss against the US dollar. British residents have become poorer because they now need to work harder to buy goods from abroad'.


'But even this “self-evident truth” is based on a flawed reading of the data'.


'The British pound had become greatly overvalued between 2012 and 2015'.

Herzlos

So where do you think the GBP should be?

Conrad

Herzlos wrote: »

So where do you think the GBP should be?

Fair value level as explained previously as recommended by IMF and others pre-referendum

always_sunny

Conrad wrote: »

Fair value level as explained previously as recommended by IMF and others pre-referendum

Will this "fair value" make Britons richer or poorer at the end of the day?

Herzlos

Conrad wrote: »

Fair value level as explained previously as recommended by IMF and others pre-referendum

So you think it was between 5-20% overvalued? And are now happy that it's dropped by 18% and likely to go further?

In February, the International Monetary Fund said the sterling was overvalued by somewhere between 5% and 15% in 2015. Just before the referendum, the IMF put the over-valuation slightly higher, saying that sterling was overvalued by between 5% and 20% in 2015. Other experts, like the former governor of the Bank of England and the IMF, have agreed that sterling was overvalued.