If we vote for Brexit what happens

baza52

BobQ wrote: »

I remember what life was like before we joined the EU. We were not great then, except in our imagination, and had not been great for decades before then. We had high unemployment, high inflation, poor housing, strikes galore.

But people cared about their neighbours and their elders, people took a pride in their community and people were far less selfish. It is this selfishness that has motivated so many of the older generation to shaft the younger generation. They do not need to know what life was like 40 years ago, Only that what they have in an EU world is something they want to keep.

Remind me what percentage of 18-24 year olds actually got off their !!!!!! and bothered to vote again?
If you don't vote you cannot complain about the outcome

cells

baza52 wrote: »

so if the main group of people to lose out are the ones that voted out why all the moaning.
You should be laughing at us instead lol

This is the thing no one knows what the details of the out vote are going to be

We may find in a few months time that out looks a lot like in with the exception of the UK making its own laws and regulations.

I still feel the EU will covet its own global financial centre. An economy of size and scale of about $15 trillion a year without its own global financial centre? Some people might like the siubd if the UK diminished role in finance but it really does pay a lot of the countries bills both internal and external.

StevieJ

baza52 wrote: »

so if the main group of people to lose out are the ones that voted out why all the moaning.
You should be laughing at us instead lol

That would be sick

Kohoutek

cells wrote: »

I still feel the EU will covet its own global financial centre. An economy of size and scale of about $15 trillion a year without its own global financial centre? Some people might like the siubd if the UK diminished role in finance but it really does pay a lot of the countries bills both internal and external.

They are making their intentions pretty clear:

City of London could be cut off from Europe, says ECB official

A top ECB official said banks in the City of London risked being stripped of their lucrative EU “passports” that allow them to sell services to the rest of the union. François Villeroy de Galhau said keeping the so-called “passport” would not be possible if the UK leaves the single market of trade in goods and services.

[URL="http://www.reuters.com/article/us-britain-eu-finance-idUSKCN0ZC152
http://www.reuters.com/article/us-britain-eu-finance-idUSKCN0ZC152"]EU plans moving bank regulator from London as euro zone eyes City business
[/URL]

The EU is preparing to move its European Banking Authority from London following Britain's vote to leave the Union, EU officials said on Sunday, setting up a race led by Paris and Frankfurt to host the regulator.

Coming a day after Britain's Jonathan Hill resigned and was replaced as EU financial services chief by the Commission's "Mr. Euro" Valdis Dombrovskis, the move underlines how the City of London can expect to be frozen out of EU financial regulation -- and possibly from Europe's capital markets -- depending on the terms of Brexit.

cells

Kohoutek wrote: »

They are making their intentions pretty clear:

City of London could be cut off from Europe, says ECB official



[URL="http://www.reuters.com/article/us-britain-eu-finance-idUSKCN0ZC152
http://www.reuters.com/article/us-britain-eu-finance-idUSKCN0ZC152"]EU plans moving bank regulator from London as euro zone eyes City business
[/URL]

Its the logical move. The USE more or less wants to be self sufficient where it can be as all large blocks do. It has the capacity and the population to host its own global financial centre. Why leave a whole important industry to foreign nations and pay them for it and lose the power?

If I were the USE I would make it a pirority. What is little england going to do? Import less BMWs? Without the finance centre of London who's going to buy big expensive foreign cars in the uk anyway? Its worth losing 10% of your autosales to get closer to 100% of your own financial services.

SingleSue

borntobefree wrote: »

A 21st century "Peasants Revolt".

More than 60% of Brits live within 20 miles of where they lived when they were 14..... They have spoken.....the rest of us will just have to adjust.

I live 3 miles away from not only where I lived when I was 14 but also from where I was born!

I spoke but I was unfortunately in the minority.

Generali

The Quid is down another 2% having fallen over 8% on Friday.

You can expect FDI to fall to ~£0 over the next few months too.

baza52

you say it like the pound has only started to go up or down since the referendum. It happens all the time matey.

StevieJ

baza52 wrote: »

you say it like the pound has only started to go up or down since the referendum. It happens all the time matey.

Doesn't normally drop to the lowest in 30 years Maybe you know different?

Generali

baza52 wrote: »

you say it like the pound has only started to go up or down since the referendum. It happens all the time matey.

Find an occasion when a major currency has dropped 10% in two days. This simply does not happen. The pound didn't even fall this fast on Black/White Wednesday and on that occasion it was being propped up at unrealistic levels with hundreds of millions of FX reserves.

I realise that you have a position that you are seeking to justify but that shouldn't extend to pretending that what is going on is normal as it isn't.

The next thing to consider is how you're going to replace c. £50 billion of FDI each year. That's the best part of 3% of GDP that you can wave goodbye to, at the very least until you can sort out what happens next.