If we vote for Brexit what happens

Moby

setmefree2 wrote: »

Really????

Here is Tony Blair's Speech

http://blogs.spectator.co.uk/2017/02/full-transcript-tony-blairs-brexit-speech/

:rotfl::rotfl::rotfl:Dream on Tony.

He doesn't actually think we should stay in the EU the way it is. He thinks we should stay in a reformed EU.... he actually thinks we should spend our time knocking our heads against a brick wall trying to reform the EU.

Uuuuhhh so do.... I and always have done and think it is possible. You don't just 'throw the baby out with the bath water' surely! As a remainer voter you would agree with that?

To be honest I think it will probably be more fruitful to carve ourselves a new destiny.

We are carving ourselves a new destiny..... it's called pound shop Britain........... the 20% drop in the pound will see to that. We'll be grateful for whatever trade deals we can get. Regulation and conditions will go through the window. Meanwhile......

Europe back on investors’ radar as business booms
EMMA-LOU MONTGOMERY
Surprise! Business is booming in Europe.
According to the latest economic data, private sector and manufacturing growth unexpectedly accelerated to near a six-year high in February across the Eurozone. And all that growth has had a positive knock-on effect on employment in the region, with job creation at its fastest since August 2007.
Markit's composite Purchasing Managers' Index (PMI) rose sharply to its highest level since April 2011. It increased from 54.4 in January to 56.0, far exceeding expectations, which had actually forecast a slight dip to 54.3.
Markit said that if this broad-based acceleration, which shows France's momentum getting close to Germany's, continues, economic growth could hit 0.6% in the first quarter.
On that basis, while the threat of political risk and the rise of populism has, not surprisingly, made investors cautious about investing in countries in the Eurozone, they might want to take another look.
According to Bill McQuaker, portfolio manager, Fidelity Multi Asset, Europe is the best placed for investors willing to see past the potential political turmoil.
“Emerging markets appear cheap but face an uncertain outlook under a new US regime. Investors have been burnt by Japan, are nervous around China and don’t see much beyond a currency devaluation for the UK. This leaves just Europe (ex UK), which investors distrust because of political risk and the rise of populism.
“Europe appears to be the one best placed to take advantage of a cyclical upswing for now, with a friendlier global growth backdrop feeding into a positive domestic story.”
McQuaker says it’s not surprising that political risks look large in investors’ minds, with elections either due or likely in every major country except for Spain. However he says stronger growth could tip the balance and put Europe back on investors’ radar and provide a boost for investors in the region.

Moby

StevieJ wrote: »

Exactly! remember the Cameron backed Redwood report from 2007, that was quietly sidelined after the GFC in 2008. I particularly liked this one
Quote:


http://www.conservativehome.com/thetorydiary/2007/08/redwood-urges-b.html

You'll see that Cognito will just quietly scroll past your reference;) It doesn't fit with the prevailing narrative! So much re-writing of history. As a sideline I blame Miliband.....the wrong one was elected and he was totally unable to deflect the tory attacks that Labour was to blame for the crash because they didn't 'repair the roof' folksy sentiment from the tories. People love that type of crap.....it makes them feel safer and gives them someone to blame. You know 'the tories are going to look after my money' type stuff......well I'm sure brexit will have something to say about that!

Spidernick

Moby wrote: »

You'll see that Cognito will just quietly scroll past your reference;) It doesn't fit with the prevailing narrative! So much re-writing of history. As a sideline I blame Miliband.....the wrong one was elected and he was totally unable to deflect the tory attacks that Labour was to blame for the crash because they didn't 'repair the roof' folksy sentiment from the tories. People love that type of crap.....it makes them feel safer and gives them someone to blame. You know 'the tories are going to look after my money' type stuff......well I'm sure brexit will have something to say about that!

You could go back and blame Brown for not calling a General Election in 2007, which he most likely would have won and again we wouldn't be where we are today. My personal feeling is that there was a 'perfect storm' of things that led to the referendum and the Leave vote, any one of which going the other way would probably have stopped (or possibly just delayed) it. There was probably less than a 5% chance (as a pure guess, certainly very low) of things lining up the way they did, but we are where we are, for better or worse.

Moby

Spidernick wrote: »

You could go back and blame Brown for not calling a General Election in 2007, which he most likely would have won and again we wouldn't be where we are today. My personal feeling is that there was a 'perfect storm' of things that led to the referendum and the Leave vote, any one of which going the other way would probably have stopped (or possibly just delayed) it. There was probably less than a 5% chance (as a pure guess, certainly very low) of things lining up the way they did, but we are where we are, for better or worse.

Agree........but if you are heading towards a cliff do you just accept you are going over or do what you can to stop/change direction? Brexiteers want you to think the decision to leave is irreversible because that suits them, (the idealogues anyway). I'm not so fatalistic, for instance I don't believe people realised they would become poorer:-
https://www.theguardian.com/business/2017/feb/22/brexit-economy-consumers-uk-eu

Rising fuel and food prices are eating into household budgets as the impact of the Brexit vote on the value of the pound pushes up inflation, according to a Guardian analysis that casts doubt over how much longer consumers can continue to shore up the UK economy.

Cracks are starting to show in the picture of economic resilience seen since last summer’s vote to leave the EU. Wage growth is slowing just as people’s living costs start taking off. Businesses are also feeling the pressures of the weak pound more intensely as it ramps up the cost of imported raw materials and energy while failing to provide the anticipated boon for exporters.

lisyloo

while failing to provide the anticipated boon for exporters

Why is this?

davomcdave

A_Medium_Size_Jock wrote: »

*sigh*
I answered your question many posts ago.

For the second and final time I again provide a link which I originally posted here:
http://forums.moneysavingexpert.com/showpost.php?p=72125792&postcount=16650

Again:
https://www.bloomberg.com/news/articles/2016-12-19/deutsche-bank-s-five-reasons-why-the-pound-is-overvalued
See that?
"Deutsche Bank's five reasons why the pound is overvalued".

Now if you still do not understand after reading that I can only say again: "why have you not done as I suggested and posted a new thread with your questions?"
Rather than clogging this thread.

:T

Brilliant. You have found a few experts that support your point that the pound was overvalued. I have millions of people every day that support my idea that the pound is correctly valued and what is more, rather than your experts my guys put their money where their mouths are and actually buy and sell pounds.

You were super stoked to talk FX earlier but now not so much. What changed man?

setmefree2

Moby wrote: »

We are carving ourselves a new destiny..... it's called pound shop Britain........... the 20% drop in the pound will see to that. We'll be grateful for whatever trade deals we can get. Regulation and conditions will go through the window. Meanwhile......

You seem very sure of yourself - you clearly have a crystal ball..... From now on I shall think of you as Mystic Moby....a person who knows exactly what the future holds...not....

We don't know what the future holds - that's called uncertainty.

And the 20% drop in cable and 12% drop against the Euro are good for exporters (but you know that).

Being outside the European Union could well turn out to be as good for Britain as being outside the Euro....

....we shall see...

Conrad

Moby wrote: »

Uuuuhhh so do.... I and always have done and think it is possible. You don't just 'throw the baby out with the bath water' surely! As a remainer voter you would agree with that?


...

"by joining we can reform away its ever closer union".
1961 Harold Macmillan


European Commission President Juncker told us, “There can be no democratic choice against the European treaties.”

setmefree2

Conrad wrote: »

"by joining we could reform away its ‘ever closer union".
1961 Harold Macmillan


European Commission President Juncker told us, “There can be no democratic choice against the European treaties.”

You're back!!!!! :T:T:T:T:T

What the heck happened?

I see Clapton has been reinstated too.

Conrad

setmefree2 wrote: »

You seem very sure of yourself - you clearly have a crystal ball..... ...

One semi crystal ball we do have is the FTSE250 which is romping away. We also have MacDonald's moving it's European HQ from Europe to the UK, Expedia just announcing considerable new UK investment, recently Google and Facebook doing the same on top of the many other corporates making post June 23rd investments.


The Germans are very keen to merge with the LSE.


All these seem confident in the British Tiger economy roaring into the sunset