A Brexiters view

Generali

michaels wrote: »

I didn't know the govt or the boe had any mandate to purchase stocks? The only asset I thought they could buy was gilts and that only up to the qe limit?

Got to be good news for the EU and Germany if the EUR appreciates sharply against the GDP especially whilst the UK remains in the free trade area...not! Perhaps a few more UK buyers will be priced out of buying those German death polluting diesel cars that the EU regualtors cleared for our use?

The UK Government owns two banks. There's one way for it to be done.

Plus has a bunch of pension funds.

CLAPTON

ruggedtoast wrote: »

There isn't any point arguing with them about this issue. They are convinced on the whole, that England is the centre of the universe and all must line up to be our vassals.

They are going to learn the hard way. Unfortunately they are going to make the rest of us sit in on class too.

Not a single one of them will connect their actions at the polling booth with how bad things are here. Again.

fortunately there is still time for you to move to a country where 100% of the population shares your toxic views.

Twopints

CLAPTON wrote: »

fortunately there is still time for you to move to a country where 100% of the population shares your toxic views.

Scotland ?

StevieJ

/It is OK the hero of the Brexit mob, Dyson will bring all his production back from The Far East :T I wonder if he will bring his workers with him as well

gfplux

wymondham wrote: »

MoneySavingExpert Insert:

Hi all, if you want to see Martin's view on us leaving the EU read our news story:

Martin's reaction to Brexit – what will it mean for the economy, mortgages, savings and more?

Back to the original post...

---

As the majority of those on this board seem to be in the Remain camp I thought I'd post this so you can see why a normal, middle/working class bloke with a young family feels the only voting option is out.

I've read with interest lots of differing opinions on the EU vote. I've tried to see past the fluff from both sides and try to see why different people/organisations have the view they do. On the whole I've noticed those I talk to generally when out and about are of the same or similar opinions I have whereas businesses tend to favour Remain (and some helpfully informing their staff about this also!).

My main two main reasons are:

The EU is un-democratic.

UK citizens can't effect change or vote out those in Brussels. Despite being told otherwise, this isn't really possible when all major parties I can vote for here are in favour of the EU. I consider it vital to be able to vote out those in power (directly). If one of the major parties had a different policy then things might be different.

Immigration.

I have real concerns about this. The problem is if we have it running at the current rate or higher, with those people coming in not necessarily offering anything of value to the economy or society then we are building up a massive social problem which cannot be undone. We can't fix this later - once the problem is here it is with us forever. This is not like a bad political policy that the next party in can undo or repeal. Those coming to this country must bring skills which are needed and be able to speak English so to permit integration. The Australian points system is a good example for us.

As the EU is pro moving more powers to Brussels and for free movement without borders I cannot vote for it regardless of all other arguments or points of view as without a free self Governing and secure country we have nothing, regardless of how rich we are or how well our pensions perform. I now have an opportunity (my one and only opportunity) to make a positive change.

Witnessing David Cameron's inability to win any meaningful concessions with the EU when we had our strongest hand and they knew the outcome would be a referendum speaks volumes. Europe does not care about us, or care for us, but does however like our hefty contributions. We will become more and more insignificant as our identity is swallowed up in the EU machine. We are kidding ourselves if we think the EU will modernise and reform, indeed I think if we stay in we will witness integration speeding up.

I know there are lots of reasons to stay, given mostly from big business, some economists, most politicians and others who equally benefit being in the EU. Lots of intelligent people have stated some very good reasons on this board, and I'm sure they are correct (all relating to finance), but ALL of these amount to nothing to me due to the above..

I'm in no doubt that we'll face an economic shock if we leave, but I think this has been overstated and we as a country can get through it - coming out much stronger and in a far better position than we are now.

I'm surprised how I feel as I've never felt so passionately about a subject before, especially a political one! I think it is mostly due to me thinking about my Children and what the UK will be like for them if we stay in.

That's it....

Well done wymondham,
You won the referendum.

Do you feel a little betrayed/let down/surprised that Cameron has delayed the process by at least four month.
The EU are pretty upset as they want this done and dusted ASAP

Rinoa

Generali wrote: »

I've gotta be honest, given that FTSE futures were down almost 10% before your lot woke up I'm surprised that it opened myself. I dread to think how much stock your Government now owns.

How much profit do you think we made. Must be quite substantial.

Rinoa

gfplux wrote: »

Well done wymondham,
You won the referendum.

Do you feel a little betrayed/let down/surprised that Cameron has delayed the process by at least four month.
The EU are pretty upset as they want this done and dusted ASAP

I reckon we'll wait until next year at the earliest.

The EU doesn't tell us what to do anymore.

Generali

Rinoa wrote: »

How much profit do you think we made. Must be quite substantial.

Not really. If you're the overbidder then you are always likely to have to sell for less just as the British Government is finding as it tries to sell off RBS.

The fact is that before the Central Banks got involved, the pound was in freefall. After the first week or two has passed, how much money do you expect the ECB to want to spend on propping up the pound?

wotsthat

Never ever have I been so glad that I spent the last few years diversifying.

SIPP value at the end of Friday higher than the week before. Mainly helped by an ETF world tracker where the pound falling on its !!!! actually benefitted it.

I've still got my Lloyds shares though purchased as a punt that the slowdown was going to be shallow and sort-lived. Knowing that the slowdown came to be known as the GFC keeps me humble.

Generali

Rinoa wrote: »

I reckon we'll wait until next year at the earliest.

The EU doesn't tell us what to do anymore.

:T:T:T

Yes well done, you are the Masters of the Universe now.

:rotfl::rotfl::rotfl:

You should probably realise that the world is laughing at you.

https://www.washingtonpost.com/news/the-switch/wp/2016/06/24/the-british-are-frantically-googling-what-the-eu-is-hours-after-voting-to-leave-it/

You are a laughing stock.