If we vote for Brexit what happens

Rinoa

mayonnaise wrote: »

BRITISH SCIENTISTS 'DROPPED FROM EU PROJECTS' AMID POST-BREXIT FEARS



http://europe.newsweek.com/british-scientists-dropped-eu-projects-because-post-brexit-fears-479737

Just confirms what a despicable organisation the EU is.

Glad to see the back of it.

mystic_trev

Euromillions playing cost raised to £2.50 a line

I told you it would all end in tears!

mwpt

Rinoa wrote: »

Just confirms what a despicable organisation the EU is.

Glad to see the back of it.

When you use words like despicable it tells me that you are too emotionally invested in the issue to make rational choices or comments.

I'm so glad our future won't be decided by emotional irrationalism... oh wait.

BACKFRMTHEEDGE

Kohoutek wrote: »

I didn't say the UK wouldn't survive, I said the financial services sector would be decimated without passporting. That is accurate.

I'm sorry I'm not able to agree with your blind optimism.

And suddenly we are all supposed to care about bankers jobs? Did they care when the mining industry was decimated? They will get over it.

brit1234

smile88egc wrote: »

Some talk today of lenders pulling 5% and some 10% deposit mortgage deals in advance of the likely upcoming recession and the risks of house price falls/negative equity.

Any thoughts on whether this in itself will take out some potential buyers and therefore reduce demand, leading to lower prices/offers? Particularly in the FTB market.

They shouldn't of been doing them in a housing bubble, it is so easy to go into negative equity and be trapped. The deposits should be bigger when the housing market is over inflated to protect lender and buyer.

Anyway the housing bubble was bursting before brexit, brexit will just speed it up.

danothy

BACKFRMTHEEDGE wrote: »

And suddenly we are all supposed to care about bankers jobs?

It was on the 29th of June 2016 that I saw it predicted that we would see the British public moronically clapping punishment for bankers without thought to how drastically the tax base will be reduced as a direct result of losing the passporting system.

baza52

do you think that there is NO way around the passporting system?

TrickyTree83

danothy wrote: »

It was on the 29th of June 2016 that I saw it predicted that we would see the British public moronically clapping punishment for bankers without thought to how drastically the tax base will be reduced as a direct result of losing the passporting system.

Assuming we do lose the passporting system. The damage will be two fold, in the UK and in the EU.

At the moment there are certain German and Italian bankers that can ill afford this to happen. It's certainly a political and financial hot potatoe. I wouldn't therefore believe that we would lose financial passporting entirely.

cells

BACKFRMTHEEDGE wrote: »

And suddenly we are all supposed to care about bankers jobs? Did they care when the mining industry was decimated? They will get over it.

The mining industry was replaced mostly by the natural gas and oil industry. It was cheaper cleaner and safer and also offered far higher royalties to the state (which could then hire more doctors) vs the zero royalties of coal mining. Had the UK not discovered it's north sea oil and gas I suspect we would have kept mining at a higher level for a lot longer.

What will replace the £200 billion or so in banking and finance? I'm not suggesting its impossible to replace that but what do you think could replace it? And even if you can think of something what's to stop us doing both rather than needing one to replace the other?

michaels

mwpt wrote: »

Not one person I can think of has claimed we won't survive. Most remain voters seem to think we'll be fine but possibly worse off economically. We gain the illusion of sovereignty so that is something.

Our (former*) Primeminister said both that Brexit was an existential threat to the UK and that it might lead to WW3.

mayonnaise wrote: »

BRITISH SCIENTISTS 'DROPPED FROM EU PROJECTS' AMID POST-BREXIT FEARS



http://europe.newsweek.com/british-scientists-dropped-eu-projects-because-post-brexit-fears-479737

AFAIK we are currently still members of the EU and have not even invoked article 50 let alone actually left so it would seem a bit odd (as in agianst the rules) to restrict the UK from anything at this point.

Or is it that the EU rules only apply when it suits the French and Germans?