If we vote for Brexit what happens

mwpt

TrickyTree83 wrote: »

we've done OK by not being in either haven't we.

I'm all right Jack, middle finger up to our partners, thanks for all the moolah but we don't need you anymore.

posh*spice

BritishBrandsOnline wrote: »

I agree that if we Brexit, we could be looking at another Scottish referendum not too far down the line. Then it won't be the UK and Northern Ireland anymore against the rest of the world - it will simply be England - on its own!

I also worked in Switzerland years ago and saw the hell they went through by not being in the EU - the country went from having one of the strongest Banking sectors in the world to almost none inside 20 years as the EU and USA created legislation after legislation that just 'happened' to not favour Switzerland. They will definitely do the same thing to the London Financial Sector and already taxes would have been introduced into London by Germany and France but for the UK having the veto to stop them. Take the veto away and kiss goodbye to London!

Until the crash of 2008, the Swiss were about to have a new referendum that would have seen them join the EU...

A slow horrible recession is probably what we have to look forward to 😵

posh*spice

mrginge wrote: »

Ooh let's all have a big cry at some inevitable movements of currency.
When will you lot realise that no-one gives a stuff about pointless short term economic factors.

Oh but you will care when your dole is cut �� Sorry Mr Gringe we can no longer afford to keep you in the style you have become accustomed to - please get a job or you will no longer be able to eat or live 'cos i cant be bothered paying for your lazy lifestyle-
Love
Posh

posh*spice

Brexit sucks - we will all have less Moolah

cells

CLAPTON wrote: »

the flow of foreign capital into the UK over the last few years is mortgaging our future and our children's
the effect has been to sell our successful businesses to foreigners, to artificially boast the pound making our exports uncompetitive, to build up foreign debts

so in the future all the profits/ dividends will flow overseas.

why ever do people think this is a good thing? : OK it allows us to live above our true means now but this will be paid for in the future.

I understand why the Thatcherites approve but am amazed the lefties find this a 'good thing'

The UK asset management industry does this to the whole world so are you sure we are net worse off for it rather than much better off for it?

eg plenty of private equity houses buy foreign and domestic unlisted companies, group them together into a larger entity, and sell them on to investors.

You might have a dozen small businesses bought in France for 1 billion euro. packaged up into a 'proper' investible business and sold for 2 billion euros. The city of London pockets the 1 billion euro difference and pays their staff handsomely hundreds of thousands a year for the pleasure.

also if a uk business is sold the money isnt spent on crack and booze but will more often than not be invested elsewhere often displacing foreign ownership directly or indirectly.

The only time its a bad thing is if a company is sold off far too cheap. on the other hand sometimes companies are sold off for far more than they are actually worth.

Generali

Rinoa wrote: »

Of course if lots of people are selling their UK assets, then lots of other people are buying them.

Maybe it's the smart ones doing the buying.

Maybe, maybe not. This is who owns the FTSE according to Goldman Sachs:



The British owners are mostly locked into ownership as if they want to retire in Sterling then realistically they need to hold most of their assets in Sterling or face heavy hedging costs. Those foreign holders only really need the UK for a bit of diversification and there is a lot of diversification available in the world that is not Brexit.

vivatifosi

So many people were trying to register to vote, the site crashed just before registration was due to close:

http://www.bbc.co.uk/news/uk-politics-eu-referendum-36462425

http://www.theguardian.com/politics/2016/jun/07/eu-referendum-voter-registration-site-crashes-before-deadline

Generali

vivatifosi wrote: »

So many people were trying to register to vote, the site crashed just before registration was due to close:

http://www.bbc.co.uk/news/uk-politics-eu-referendum-36462425

http://www.theguardian.com/politics/2016/jun/07/eu-referendum-voter-registration-site-crashes-before-deadline

I saw this and was wondering which side this was positive for. My ponderings led me to think that there are two groups of people that are likely not to be registered to vote:

- Young people who are disproportionately likely to vote Remain
- Ds & Es who are disproportionately likely to vote Leave

So no clues here.

vivatifosi

Apparently it crashed after the Cameron vs Farage debate. I didn't watch it. Goodness only knows what was said to mobilise enough voters to crash the website. Like you, I'm also unsure who this favours though.

CLAPTON

cells wrote: »

The UK asset management industry does this to the whole world so are you sure we are net worse off for it rather than much better off for it?

eg plenty of private equity houses buy foreign and domestic unlisted companies, group them together into a larger entity, and sell them on to investors.

You might have a dozen small businesses bought in France for 1 billion euro. packaged up into a 'proper' investible business and sold for 2 billion euros. The city of London pockets the 1 billion euro difference and pays their staff handsomely hundreds of thousands a year for the pleasure.

also if a uk business is sold the money isnt spent on crack and booze but will more often than not be invested elsewhere often displacing foreign ownership directly or indirectly.

The only time its a bad thing is if a company is sold off far too cheap. on the other hand sometimes companies are sold off for far more than they are actually worth.

a lovely construction as usual and as usual totally wrong.