Vae on 24/6/2016 at 04:30
As expected, there will be high volatility for a while.
Starker on 24/6/2016 at 04:33
Quote Posted by Renzatic
So basically this was nothing more than a masturbatory excursion that could end up having some dire consequences of the UK economy. SOUNDS GRAND!
Well, it can also cut some red tape like workers rights, safety regulations and environmental protection stuff.
Starker on 24/6/2016 at 04:37
Hmm... now Sinn Fein calls for reunification...
demagogue on 24/6/2016 at 04:44
Their "own trade deals" must be code for closing markets as tightly as possible until UK businesses are selling to a few sheepherders in Abruzzo.
Volatility for a while; deflationary trap indefinitely.
Yakoob on 24/6/2016 at 05:16
also seems it's done. UK is leaving. Well...
By the way, stupid question: is Brexit vote by Britain OR whole UK? i.e. is north Ireland/Scotland/Wales going to leave too or just Britain?
Vae on 24/6/2016 at 05:19
The Brexit vote was for the whole UK.
Starker on 24/6/2016 at 05:20
The whole UK. Which is why there is talk of Scotland and NI going their own way.
Pyrian on 24/6/2016 at 05:21
Quote Posted by Starker
Well, it can also cut some red tape like workers rights, safety regulations and environmental protection stuff.
They could - but such actions could even further damage its EU trade (since the EU has rules about its trading partners that look a lot like its internal rules), which is, to put it mildly, not good for the U.K.'s GDP. London is a major financial center for the EU, if that becomes an even slightly uphill proposition, the listings will quickly migrate to France, Germany, whatever. That would basically look like a major transfer of income (specifically brokerage and other financial transaction fees) from the UK to the (remaining) EU.
EDIT: Wait, Northern Ireland is considering splitting from the UK? Presumably without joining the rest of Ireland, I would guess? Would they form their own little country? Join Scotland?
Vae on 24/6/2016 at 05:24
For anyone still holding on to hope...It is now mathematically impossible for Remain to win.
Starker on 24/6/2016 at 05:27
Quote Posted by Pyrian
EDIT: Wait, Northern Ireland is considering splitting from the UK? Presumably without joining the rest of Ireland, I would guess? Would they form their own little country? Join Scotland?
The idea is reunification, of course.
As for relations with the EU, I don't see much hope for them remaining good. EU won't be likely to offer UK a good deal because they would want to dissuade others from leaving. Far right forces in the EU are unlikely to miss the opportunity to get their countries to follow UK's lead.
