If we vote for Brexit what happens

davomcdave

A_Medium_Size_Jock wrote: »

Oh dear.
That demonstrates a remarkable lack of understanding.
Prior to our EU referendum even the IMF said the GBP was overvalued.
Are you seriously suggesting that you know better than them?

So either ask them or try having a read of these, just to start you off:
https://fullfact.org/economy/exchange-rates-and-imf/

https://www.bloomberg.com/news/articles/2016-12-19/deutsche-bank-s-five-reasons-why-the-pound-is-overvalued

http://www.telegraph.co.uk/business/2016/10/10/currency-guru-says-pound-slide-liberates-uk-from-malign-grip-of/

If it was so obvious that the Pound was overvalued why did the market wait until Liberation Day to bring it's value back into line with where it apparently was obvious it should have been?

How could the pound be so overvalued for so long given that Sterling FX liquidity is vast and the pound floats freely?

It's not logical.

A_Medium_Size_Jock

davomcdave wrote: »

If it was so obvious that the Pound was overvalued why did the market wait until Liberation Day to bring it's value back into line with where it apparently was obvious it should have been?

How could the pound be so overvalued for so long given that Sterling FX liquidity is vast and the pound floats freely?

It's not logical.

Feel free to start a new thread with those questions.
Or even search these forums for previous threads which may contain the answers you seek.

gfplux

mrginge wrote: »

I mean it actually sounds like you think in 45 years time we will be sending an annual cheque over to the EU to cover the pensions of these people.

We all know that you don't actually mean that though because only an utter moron would consider that to be reality.

I don't think that at all, this was a quote from the article "13 things you do not know about Brexit" from a website called politico.eu.

However just think about it. Britain either pays a lump sum (like an annuity lump sum) to pay off the pension responsibility OR Britain acts like an insurance company receiving the lump sum and send a payment every month until all the pensioners have died.

I don't pretend to know the answer but it is just one of the dozens, hundreds or thousand of items to be sorted OUT.

gfplux

Thrugelmir wrote: »

Ask the average person in the street and you'll receive your answer. As to whether they've been impacted or not.

Absolutely correct. Those who voted to Brexit as you say saw the EU having an enormous effect for bad upon their lives.
Those who voted to remain as you say saw the EU having an enormous effect for good upon their lives.

So we all agree the EU had an enormous effect and leaving will not be a simple affair.

A_Medium_Size_Jock

In a poll released today, Angela Merkel's chances of winning another term are shortening considerably.

The SPD's unexpected surge of some 12 points in the last month has caught Merkel and her conservatives off guard, analysts said, just seven months before the Sept. 24 election, where she had expected to win a fourth term easily.

http://uk.reuters.com/article/uk-germany-election-poll-idUKKBN15Y0F0?il=0

gfplux

Just to be clear. This article (perhaps biased, I don't know)
Says
"The reports, written between October 2016 and January 2017, provide the most comprehensive collection of official data so far on the challenges facing negotiators on both sides. They also highlight how wide-ranging and complex the negotiations are likely to be."

Then it list the 13 things you didn't know about Brexit.

Find it here http://www.politico.eu/article/brexit-negotiation-issues-worrying-the-european-parliament/

They are NOT my words. However I do see that it makes some sense and does highlight some of the difficulties facing the negotiators from BOTH sides.

A_Medium_Size_Jock

According to Germany’s Defense Minister Ursula von der Leyen, Britain and Germany are already preparing a post-Brexit military co-operation "roadmap":

“We want to have very close ties,” von der Leyen said in an interview at the Munich Security Conference. “We know and need each other. We are both members of [the North Atlantic Treaty Organization] and we have common interests to increase our cooperation.”

http://www.politico.eu/article/uk-germany-plan-post-brexit-military-roadmap/

A_Medium_Size_Jock

I cannot see mention here so ...... it seems that Lord Chancellor Liz Truss is saying that Article 50 is "irrevocable".

Speaking on the BBC’s Andrew Marr Show, Ms Truss said: “People can take cases to courts [but] my understanding is it’s irrevocable and that when we press the button that will go forward.
“But regardless of that situation, this is the settled will of the British people and I think people who are trying to fight yesterday’s battle need to join us in making a success of global Britain.”

http://www.independent.co.uk/news/uk/politics/liz-truss-brexit-irrevocable-article-50-european-union-andrew-marr-show-justice-secretary-a7588106.html

A_Medium_Size_Jock

Ooh.
So another plan to encourage EU member states to support Brexit surfaces:

Downing Street officials and senior cabinet ministers believe part of Britain’s £12bn annual aid budget should be used to win support for a favourable new deal from Brussels. Under the plan, cash currently pumped into wasteful projects in Asia and Africa would be diverted to allies such as Poland, Hungary and the Baltic states.

Countries already showing disenchantment with the EU, you may note.
http://www.thetimes.co.uk/edition/news/ministers-fight-for-foreign-aid-to-ease-brexit-c85hkkg03
(Paywalled link but you get the idea, sorry.)

setmefree2

A_Medium_Size_Jock wrote: »

I cannot see mention here so ...... it seems that Lord Chancellor Liz Truss is saying that Article 50 is "irrevocable".

http://www.independent.co.uk/news/uk/politics/liz-truss-brexit-irrevocable-article-50-european-union-andrew-marr-show-justice-secretary-a7588106.html

There is an Irish court case on just that point.

In other news.....

Mandelson calling for a big rebellion in the HoL on this morning's Marr - said that's what Blair's Friday speech was all about. Wants the HoL to delay triggering of Article 50 as long as possible.

I'm still wondering if this could all end up as a GE?