If we vote for Brexit what happens

Fella

mayonnaise wrote: »

I didn't watch it as I have to work and generate taxes to pay for Clapton's prescriptions, but I'm pretty sure Farron didn't call for another in/out vote?

The Lib Dem leader Tim Farron says Theresa May could be forced to change her mind and hold a second referendum on leaving the EU, if public opinion shifts against the terms of Britain’s exit.

....

But he told the BBC’s Andrew Marr Show that with the specifics of Brexit still to be determined, the British people deserved to be consulted again when the deal became clear.


He is using weasel words to somehow try to pretend his position claiming to "totally support" the referendum result isn't somehow in direct contradiction with the fact he'd like another go.

mrginge

Fella wrote: »

Tim Farron on Daily Politics just now spent about 10minutes solid repeating how much he "completely respects" the decision of the British people, before going on to demonstrate that he doesn't respect the decision in the slightest & does not believe in democracy.

What a joke the Libdems have become. In a time when a lot of the other parties are in disarray they had a golden opportunity to grab votes but instead have gone from bad to worse. Do they really think trying to overturn the referendum result will win them votes? Morons.

In all his bluster about the British public being able to vote on the terms of Brexit, Mr Farron seems to have forgotten that his commitment to democracy was not quite as strong when his party decided to go into a coalition with the Tories, something that at the time nobody voted for but which his party deemed as being acceptable.

Conrad

SERVICES EXPORTS INTO THE EU, 2012, Bn Euros;
USA 346 bn – NO trade deal
Japan 137.6 bn – NO trade deal
UK 141.6 bn
http://ec.europa.eu/eurostat/statistics-explained/index.php/File:Trade_in_services,_2008_and_2013_(1)_(billion_EUR)_YB15.png

Moby

mrginge wrote: »

In all his bluster about the British public being able to vote on the terms of Brexit, Mr Farron seems to have forgotten that his commitment to democracy was not quite as strong when his party decided to go into a coalition with the Tories, something that at the time nobody voted for but which his party deemed as being acceptable.

So .....when we finally see what Brexit actually means in reality do you think the people should have a vote on the deal? I do!

mrginge

Moby wrote: »

So .....when we finally see what Brexit actually means in reality do you think the people should have a vote on the deal? I do!

Erm, no.

Done to death. Not happening.

Fella

When you vote in an election you vote for a party then they decide what they will do for the next 5 years. You don't get to have another little vote every time they pass a law.

The analogy is the same here. Everybody had the chance to vote remain or leave. Broadly speaking everybody knew what that meant. Another vote on the fine print
was never part of the deal.

MobileSaver

johnbusby wrote: »

Not saying that falls of this magnitude are likely but to say they are impossible is folly...

Well, yes, theoretically house prices could drop to 50%+ from when Crashy first decided to get out of the housing market all those years ago but in the real world he probably has more chance of winning the lottery than that happening. Even then it would take such a seismic event that the price of a house in the UK would probably be the least of everyone's worries.

sheff6107 wrote: »

We need to wait until Christmas to see whether houses are selling today.

That's the classic mistake the HPC crowd make. They wait until Christmas to see if volumes and prices are dropping but of course when December comes the fear sets in... "what if volumes or prices are down again? I'd better wait until Spring for the stats to come out..." etc.

Before they know it a decade has passed, supply and demand means prices have continued to rise and they actually need a crash of 80% just to get back to the level where they started from!

setmefree2

Banks can cope with loss of EU passports after Brexit, says Moody's

http://www.telegraph.co.uk/business/2016/09/19/banks-can-cope-with-loss-of-eu-passports-after-brexit-says-moody/

Ozzuk

glasgowdan wrote: »

Most people on here tend not to take any notice of them now given how much drivel they spout.

I think a lot of these doomsayers have built themselves into such a negative position that they can't possibly risk a losing face and actually buying a house. Maybe they will be right at some point - who knows what is around the corner but they will have spent a large chunk of their life hoping for the downfall of others so they can pounce.

Hardly a positive way to live your life.

I rented for a year in between houses and hated every minute of it - for me largely because I like to work on my house. Sure something could happen that causes mortgage rates to go sky high, but aside from that if property prices drop it just means the next house I'm buying will be cheaper anyway. And I've had years of enjoyment from my own property.

I'm certainly no expert but just my recent transactions, bought one in 2013, sold in mid 2015 for 40k more, bought another end of last year and could likely sell now for 20k more. I've done this many times over the years (though did have one costly mistake!).

So sure, you can lose out in property but you can guarantee you lose out renting.

johnbusby

MobileSaver wrote: »

Well, yes, theoretically house prices could drop to 50%+ from when Crashy first decided to get out of the housing market all those years ago but in the real world he probably has more chance of winning the lottery than that happening. Even then it would take such a seismic event that the price of a house in the UK would probably be the least of everyone's worries.

Again, I don't really see why you are acting like this is impossible. It's already happened in one part of the UK relatively recently; to contend that it could never happen again seems like wishful thinking in the extreme. The seismic event that you refer to happened less than ten years ago and, given the global economy has broadly limped on since then, could easily happen again. I think it's pretty widely accepted that if the government hadn't of stepped in to shore up the market with taxpayer money, Northern Ireland wouldn't have been the only place to see 50%+ drops.

At the minute it's hard to see how property can increase anymore. FTBs have been well and truly priced out in many parts of the country and the BTLers have all but disappeared, who is left to buy at these prices? In the short-term the answer is probably nobody which is why transaction levels have hit crippling lows, but sooner or later sellers are going to have to sell and drop their prices accordingly. If by some miracle property doesn't become more affordable over the coming years then the 'priced out' will become larger and larger part of the electorate and, sooner or latter, their political will shall be brought to bear. Arguably that has already happened with recent government policy, but the so-called 'housing crisis' is now front page news on an almost daily basis - politicians will have to be seen to do something...