If we vote for Brexit what happens

mayonnaise

Conrad wrote: »

'Theresa May opens door to recommissioning of Royal Yacht Britannia'




My heart swells at the thought of Boris hoving into view on the fore deck as Britannia pulls into Zanzibar or Java, the hottest ticket in town, merchants clambering for a seat for talk of trade and tiffin before an evenings galavanting at the gin palace!


A very exciting time to be alive


http://www.telegraph.co.uk/news/2016/09/19/theresa-may-opens-door-to-recommissioning-of-royal-yacht-britann/

Yes, let's have Britain represented abroad by a clapped-out old tug from the 1950s.
What century are these people living in??

vivatifosi

mayonnaise wrote: »

Yes, let's have Britain represented abroad by a clapped-out old tug from the 1950s.
What century are these people living in??

I agree with this too. Maybe there will be a new yacht going cheap once pension black holes have been filled. Though whether that would be classy enough for the Queen is another matter. There's no point being the Queen if stylistically you're on a par with a Russian oligarch.

Conrad

The Brexit bounce continues. HM Treasury has today released forecasts of the economists it follows, as it does every month. Last time, there was a flurry of downgrades and forecasts of recession. Now, these forecasts are being torn up by everyone, including the FT, although you can bet the FT won’t report on the upgrades as eagerly as it did the downgrades.

The new average forecast suggests GDP will grow by 1.8 per cent this year, far better than the 1.5 per cent forecast last month. When you take a look at the forecasts made by city heavyweights, the signs are also encouraging. Bank of America Merrill Lynch, Barclays Capital, JP Morgan, Citigroup and Morgan Stanley are amongst ten forecasters to hike their GDP growth predictions from two months ago. Of these, three – Pantheon, Bank of America and Barclays – have boosted their forecasts by a healthy 0.4 points. And Daiwa Capital Markets makes the biggest revision: shifting its July prediction of 1.4 per cent GDP growth up to 1.9 per cent.


Admittedly, not everyone is as optimistic: three of the city forecasts keep their predictions the same, whilst two firms – Capital Economics (perma HPC pumpers) and Scotiabank – have revised their GDP bets downwards by 0.1 per cent. But the panic that seemed to grip the financial experts in the run-up to the referendum, and in the immediate aftermath, seems to be subsiding.

The Office of National Statistics, in its snapshot of the health of the UK economy which is also published today, agrees with that assessment. In the words of their chief economist Joe Grice:

‘As the available information grows, the referendum result appears, so far, not to have had a major effect on the UK economy. So it hasn’t fallen at the first fence but longer-term effects remain to be seen. The index of services published soon and the preliminary estimate of third quarter GDP, published at the end of October will add significantly to the evidence.’

This sounds as if Q3 growth – July, August and September – is shaping up rather nicely. The ONS adds that sterling slump (badly needed for a country with a trade deficit as large as Britain’s) has not jacked up prices in the way that many had feared. Nor has George Osborne’s suggestion of an 18 per cent house price crash materialized.


At the time, Osborne’s allies said he was not exaggerating and that the economic advice he received was far more pessimistic than he let on. If true, this raises serious questions about the quality of economic advice being issued at the Treasury.
The theory was that consumer confidence would collapse, as Britain would panic about Brexit. But as Ross Clark argued in his cover piece recently, why would that be the case? Brexit would only happen if a majority voted for it, and if they did then why would they go on to suffer a crisis of confidence if they got what they wanted?

The ONS today says ‘there are no signs of a sharp collapse in consumer confidence as some early fears had suggested’ and that there was no indication that ‘referendum fears’ were biting any sub-sectors in the manufacturing industry.

The picture in terms of jobs and deficit also looks far rosier than we might have been led to have believed earlier this summer. Britain’s healthy employment rate of 74.5 per cent fits, in the ONS’s own words, ‘with a picture of broad strength in the UK economy in the run up to and in the period immediately following the EU referendum’.


Not that you’d have known by reading most of the economic and financial commentary at the time. This isn’t surprising: economists are not clairvoyants, nor are pundits. None saw the crash coming. But not so long ago, there was a lot of panic about a populist post-fact Britain that didn’t believe in experts. The picture now emerging is of a healthy and sceptical Britain that knows experts are capable of all being wrong.

Conrad

I was in Asia recently, people cant get enough of British pomp and circumstance and the whole James Bond / Royals / F1 / Premiership / soft power thang.


The pessimists are down on everything, they told us endlessly before each Olympics it will fail, staudiums wont be ready, that the 02 was a white elephant no one would use, and on and on it goes.

The people that changed the British journey were embracers of change and thinking big, not the miserable s)0ds that told us to stay the same.


A new boat would be the perfect calling card for UK plc, lets make the most of what we are and stop being so embarrassed and frightened.

Conrad

mayonnaise wrote: »

Yes, let's have Britain represented abroad by a clapped-out old tug from the 1950s.
What century are these people living in??

Why clapped-out, we can make a new one or if possible renovate the existing (probably not), either way we need a big ocean going Empire builder.


We don't make enough of our USP and soft power. Brexit and our new global outlook will change all that, I've never felt more alive

jimbog

http://www.bbc.co.uk/news/business-37427737

buglawton

Yes the FT's Japanese owners may have an interest in downplaying any Brexit positives.

Thrugelmir

Conrad wrote: »

The Brexit bounce continues. HM Treasury has today

In reality life simply carries on. What's changed?

wotsthat

CLAPTON wrote: »

I was trying to raise the issue of would and when such a parliamentary vote or second referendum would be held and indeed what would the question be.
If parliament rejected the deal what then would be the consequences?

The consequences would be the same as if the deal was rejected by any of the 27. Either a renegotiation would need to take place or the UK leaves the EU without a deal.

Better either of those than a deal formulated solely to give the best chance of a Tory 2020 GE victory. I can't be the only cynic who thinks the secrecy about the plan (which doesn't exist) is more about the Tories by-passing democracy for party aims.

setmefree2

Why oh why do Brits fly Ryan Air?

UK will be 'screwed' in post-Brexit trade talks - O'Leary

http://www.independent.ie/business/brexit/uk-will-be-screwed-in-postbrexit-trade-talks-oleary-35066015.html