The U.K and the E.U - In or out?

**Troy** · 24-06-2016, 10:59 AM

https://www.youtube.com/watch?v=w7RIgs3eygo

The EU reaction:

UK needs General Election and change of leadership

Looks like my mini Brexit is going to be cheaper than I expected now....

**Troy** · 24-06-2016, 11:03 AM

^ Apologies something happened between preview and submit....

EU Reaction:

Silly bugger should have kept his big mouth shut!

**piwanoi** · 24-06-2016, 11:12 AM

Interesting article about the Domino effect theory http://www.theguardian.com/world/201...-referendum-uk

**HermantheGerman** · 24-06-2016, 11:25 AM

This could be a chance to tame the overinflated, corrupted, coperated EU.
Maybe we all have to Thank the Brits for Europe's future.

Tally-ho EU bureaucrats

**Takeovers** · 24-06-2016, 11:38 AM

Originally Posted by HermantheGerman

This could be a chance to tame the overinflated, corrupted, coperated EU. Maybe we all have to Thank the Brits for Europe's future.

For once I agree with you.

**Lantern** · 24-06-2016, 11:43 AM

Hopefully the start of Great Britain becoming great again.

**Neo** · 24-06-2016, 11:59 AM

Originally Posted by Lantern

Hopefully the start of Great Britain becoming great again.

Brexit: Pound sterling plunges to 31-year low amid fears over EU referendum result | Business News | News | The Independent

**piwanoi** · 24-06-2016, 12:00 PM

Bloody hell the knives are really coming out

Labour MPs call for Corbyn to STAND DOWN following dismal Remain campaign | UK | News | Daily Express

**ENT** · 24-06-2016, 12:07 PM

Now that was predictable!

Corbyn's weak leadership needs to end, but who's gunning for that job?

**Neo** · 24-06-2016, 12:09 PM

Who cares..? England just voted itself into irrelevancy.

**ENT** · 24-06-2016, 12:11 PM

Brexit @ 16,835,512 ..... Remain @ 15,692,093

All over bar the shouting.

**ENT** · 24-06-2016, 12:12 PM

Originally Posted by Neo

Who cares..? England just voted itself into irrelevancy.

I doubt that.

EU needs UK more so now.

**AntRobertson** · 24-06-2016, 12:14 PM

Originally Posted by ENT

EU needs UK more so now

That's just misguided.

**ENT** · 24-06-2016, 12:22 PM

We'll see.

**Neo** · 24-06-2016, 12:23 PM

Originally Posted by ENT

Originally Posted by Neo

Who cares..? England just voted itself into irrelevancy.

I doubt that.

EU needs UK more so now.

duplicity or just plain denial... it's hard to tell

**Neo** · 24-06-2016, 12:24 PM

Brexit will cause problems for Britain's economy

In the short run, uncertainty about Britain’s future relationship with the EU, its largest trading partner, could push the UK into a recession. Market watchers predict an "explosion of volatility" on Friday morning as the markets process the implications of Britain’s exit. Many economists expect both the British stock market and the pound to open lower on Friday morning. Britain’s chancellor of the exchequer, George Osborne, even hinted that he could suspend stock market trading if Britons voted to exit the EU.

In the long run, the situation could be worse. If Cameron’s government falls, Britain’s prospects of negotiating a favorable deal with the EU could be weakened. The EU may decide to strike a hard bargain to discourage other countries from leaving the EU. Or the UK’s new leader might not be willing to accept the kind of restrictions that come with a Norway-style deal.

And that could create serious problems for businesses based in the UK.

"If you are Nissan or some other car producer with major production in the UK, today, the same safety standards and environmental standards allow you to sell everywhere in the European market," Jacob Funk Kirkegaard, an economist at the Peterson Institute for International Economics, told me. But if the UK leaves the EU, "you would no longer be able to sell into other European markets, not because you face a small tariff but because you'd have to go through another set of safety certifications. This kind of thing would be repeated in every industry you can think of."

Critics say the economic effects could be large. The UK government has estimated that exiting the EU could cause the British economy to be between 3.8 and 7.5 percent smaller by 2030 — depending on how well negotiations for access to the European market ultimately go. Other reports have found smaller but still significant impacts.

Brexit: what happens when Britain leaves the EU - Vox

**Troy** · 24-06-2016, 12:25 PM

Will the eu vote to join the uk?

**AntRobertson** · 24-06-2016, 12:26 PM

Originally Posted by ENT

We'll see.

I guess so.

But even without the UK the EU is still a massive and powerful trading bloc. The UK isn't and is on its own now. A hand with four fingers still works, try using just one and see how far that gets you.

**harrybarracuda** · 24-06-2016, 12:26 PM

We are a net importer from the EU.

They need us more than we need them.

**AntRobertson** · 24-06-2016, 12:29 PM

Originally Posted by harrybarracuda

We are a net importer from the EU.

They need us more than we need them.

That cuts both ways though. Those imports are likely to be more difficult/expensive now and the EU has more sway in negotiating than the UK does.

**Neo** · 24-06-2016, 12:35 PM

Originally Posted by harrybarracuda

We are a net importer from the EU.

They need us more than we need them.

The UK economy is now on an inevitable slide and the currency a basket case, they won't be able to afford imports Harry, but soon the wages will be so low the UK will be able to export socks cheaper than Bangladesh.

Do you think the EU are going to go lightly on the UK, try to cushion the blow, after what's just happened..?

No, they are going to do their damn hardest to make Britain suffer and act as an example to other countries that think about leaving, even if that means a downturn it their own economies.

I get the feeling that over the next couple of days a large percentage of the 16 million 'Leave' voters are going to start thinking... oh shit, what have we done.

**harrybarracuda** · 24-06-2016, 12:35 PM

Originally Posted by AntRobertson

Originally Posted by harrybarracuda

We are a net importer from the EU.

They need us more than we need them.

That cuts both ways though. Those imports are likely to be more difficult/expensive now and the EU has more sway in negotiating than the UK does.

But as we are now free to negotiate our own trade deals, we can get most of it elsewhere, cheaper.

**Warrior** · 24-06-2016, 12:38 PM

Originally Posted by harrybarracuda

We are a net importer from the EU.

They need us more than we need them.

The pound just lost 10% of its value - the 'Island off the coast of Europe' cant afford these imports anymore.

**birding** · 24-06-2016, 12:38 PM

Now the big 'investors' who sold out early and caused the rush will be waiting till they think shares and the pound have bottomed out then they will buy in again making a massive profit.

Int it a great system..... for those with large amounts of money.

**Warrior** · 24-06-2016, 12:40 PM

Originally Posted by harrybarracuda

Originally Posted by AntRobertson

Originally Posted by harrybarracuda

We are a net importer from the EU.

They need us more than we need them.

That cuts both ways though. Those imports are likely to be more difficult/expensive now and the EU has more sway in negotiating than the UK does.

But as we are now free to negotiate our own trade deals, we can get most of it elsewhere, cheaper.

You mean, a small country can negotiate better deals than a large block of countries?

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