If we vote for Brexit what happens

Rinoa

setmefree2 wrote: »

Some forecasters, such as Wolfson Prize-winning, Roger Bootle of Capital Economics, expect the pound to shed 15% of its value in the event of a Brexit, whilst HSBC’s head of FX Strategy David Bloom forecasts the pound to lose even more - between 15 and 20%.

And elsewhere Morgan Stanley analysts say weakness in U.K. services purchasing managers index readings indicates “Brexit” worries and volatility are going to take a toll on the economy.

Hmmm, that would be the same Roger Bootle who said house prices would fall 50%.

posh*spice

Generali wrote: »

It was always going to be that the Great EU debate fell into a horrible morass about immigration and the [insert racial epithet of choice] taking our jobs, our homes and our wimmin

I guess we deserve what is coming to us then? Karma for not rooting out our own intolerance and racism?

Brexiters are rolling the dice and taking a risk - taking a risk with people's jobs, taking a risk with families' finances, taking a risk with future prosperity.

Boris "It's a very, very bright future I see".

Ummmm we'll see. Politicians and their fantastic promises.

Very, very scary times.

CLAPTON

posh*spice wrote: »

I guess we deserve what is coming to us then? Karma for not rooting out our own intolerance and racism?

Brexiters are rolling the dice and taking a risk - taking a risk with people's jobs, taking a risk with families' finances, taking a risk with future prosperity.

Boris "It's a very, very bright future I see".

Ummmm we'll see. Politicians and their fantastic promises.

Very, very scary times.

Go tell the Greeks or the Spanish or Italians that being outside the EU is risking jobs.
The Greeks saw a bright future inside the EU: sadly it didn't work our well for jobs or their family finances or who knows their future prosperity.

There are risk inside and out and any honest person knows that.
Democratic accountability is worth a risk or too.

CLAPTON

setmefree2 wrote: »

Some forecasters, such as Wolfson Prize-winning, Roger Bootle of Capital Economics, expect the pound to shed 15% of its value in the event of a Brexit, whilst HSBC’s head of FX Strategy David Bloom forecasts the pound to lose even more - between 15 and 20%.

And elsewhere Morgan Stanley analysts say weakness in U.K. services purchasing managers index readings indicates “Brexit” worries and volatility are going to take a toll on the economy.

we have a massive current account deficit on the current trading account : this is funded by selling off all the UK companies and other assets and borrowing foreign currency. We are consuming more than we produce : not a good long term strategy.

A reduction in the value of the pound might start us correcting this deficit.

Tromking

gfplux wrote: »

If you are going to make claims of this nature you need to back it up with facts and figures. Otherwise it will be dismissed as utter rubbish.

The much talked about lurch to the far right in mainland European politics has passed you by? lol!

CLAPTON

gfplux wrote: »

I for one have decided not to debate anything with you as you do not listen (or read) what the other person says.

Well, I'm one ahead now that everyone accepts that free movement of people at the present time is impractical.

Just need to move on
to the benefits of democratic accountability
to benefits of free trade in goods and services with the whole world
to benefits of reducing regulations
to the benefits of getting rid of the euro
to the benefits of the EU addressing the unemployment problems in the EU
to the benefits of the UK addressing its balance of trade issue
to the problems of housing
to the benefits of controlling immigration

but all this is irrelevant because you all know the EU is a solution to all these issues and not the (partial) cause

.string.

CLAPTON wrote: »

Go tell the Greeks or the Spanish or Italians that being outside the EU is risking jobs.
The Greeks saw a bright future inside the EU: sadly it didn't work our well for jobs or their family finances or who knows their future prosperity.

There are risk inside and out and any honest person knows that.
Democratic accountability is worth a risk or too.

Comparison with Greece is not really relevant since we are not in the Euro Zone and this country voted to correct its own financial imbalances via the Tories.

There are risks in anything, but a platitude like that does not give any idea about the balance of risks. For example we are in the free market. After a Brexit we would not be unless we negotiated exactly the same advantages from our spurned erstwhile partners.

Undemocratic? Certainly if we adopt the myopic jingoism so loved by the SNP and insist that democracy is only met if we get our own way in absolutely everything.

Undemocratic is just another sloganised motherhood aspiration without a great deal of thought about what it actually means. There could certainly improvements in how the EU functions vis-a-vis the European Parliament etc and the relationship with the council, but there are many forms of democracy apart from the SNP model.

Rinoa

They could have relocated anywhere in the world.

They could take their pick from any EU country.

But when Avon (28000 employees worldwide) decided to move their HQ from the US, they chose the best option available.

Brexit obviously not a problem for them.

http://www.bbc.co.uk/news/business-35808678

mwpt

ruggedtoast wrote: »

Millennial stand against the boomers BREXIT plans:

http://www.theguardian.com/commentisfree/2016/mar/15/europe-debate-millennials-in-eu-britain-students#comment-70617932

Savvy younger people have the nous to know their future lies in collaboration, not in isolationism.

Meanwhile on the one hand boomers want to tell us that life was hell on earth when they were young and we don't know we are born, and that we should vote ourselves back to it.

Mixed messages much?

Anecdotally, I encounter similar sorts of reactions in wider acquaintance group. I've actually been surprised at the amount of people who will be voting out. When queried why it is usually because of EU regulations negatively impacting them. But further pressing reveals they don't know specifics of this or have examples. I generally leave it at that point.

I really fear that we're on the verge of doing something stupid and the 'remain' campaign are being too blas! about dismissing these people's views as stupid and therefore irrelevant. They're *not* irrelevant, they will be voting, for all of our futures. Dismissing them is the worst thing to do as it merely entrenches their opinion to vote to leave.

CLAPTON

.string. wrote: »

Comparison with Greece is not really relevant since we are not in the Euro Zone and this country voted to correct its own financial imbalances via the Tories.

There are risks in anything, but a platitude like that does not give any idea about the balance of risks. For example we are in the free market. After a Brexit we would not be unless we negotiated exactly the same advantages from our spurned erstwhile partners.

Undemocratic? Certainly if we adopt the myopic jingoism so loved by the SNP and insist that democracy is only met if we get our own way in absolutely everything.

Undemocratic is just another sloganised motherhood aspiration without a great deal of thought about what it actually means. There could certainly improvements in how the EU functions vis-a-vis the European Parliament etc and the relationship with the council, but there are many forms of democracy apart from the SNP model.

The comparison with Greece is to show that there are risks in every cause of action whether inside the EU or otherwise. I don't understand why you think greece being the euro makes any difference to the principle of balance of risk.

I want no advantages from the EU after brexit : simply for both sides to recognise the mutual benefits of free trade.

Democracy means that we the people of the UK can make our own laws via our parliament and kick the government out occasionally.
I have no wish to improve the functioning of the EU parliament or indeed its governance:
I wish to trade with the EU just as I wish to trade with the rest of the world without being part of their law making process. Plenty of further scope for co-operation on many other fronts without the EU determining our laws.

You may see democracy simply as a slogan, others see it worth dying for.