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Member Since: Thu, 20th May 2010

Number of Share Chat Posts (all time): 38,731
Number of Share Chat Posts (last 30 days): 1,601

Last Posted: Today 10:30

Post Distribution over the last 30 days

Sat 14:30

20:30 mate
"Life After Brexit"
Sat 14:27

This was the article I read some time ago:-

Ratings agency Moody's has changed the UK's sovereign rating from "stable" to "negative" due to the uncertainty unleashed by the result of the EU referendum.

It said that the unpredictability of UK decision-making factored into its move, as did the likelihood of lower economic growth.

"During the several years in which the UK will have to renegotiate its trade relations with the EU, Moody's expects heightened uncertainty, diminished confidence and lower spending and investment to result in weaker growth," the agency said.

Rival ratings agency Standard & Poor's said before Thursday's referendum that Britain stood to lose its AAA credit rating, and Fitch Ratings said on Friday that the vote would be "moderately negative".

But Moody's was the first to take concrete action after the vote, just as it was in 2013 when it was the first to strip Britain of its AAA rating due to slow growth and rising public indebtedness.

240616 Bank of England
Play video "How Brexit Will Affect The Economy"

Video: How Brexit Will Affect The Economy
Leave supporters have largely dismissed warnings about the economic consequences as scaremongering, and are confident Britain will negotiate trade deals and immigration controls superior to those it already has.

But Moody's said leaving the EU was likely to leave Britain, the world's fifth-largest economy, with less money to spend on public services.

"The negative effect from lower economic growth will outweigh the fiscal savings from the UK no longer having to contribute to the EU budget," it said.

Pound coins
Play video "How Brexit Affects Your Pound"

Video: How Brexit Affects Your Pound
"The UK government has one of the largest budget deficits among advanced economies, and lower GDP growth will further complicate the implementation of the government's multiyear fiscal consolidation plan," it added.

The Brexit vote wiped more than $2trn from global equity markets and European stocks ended down 7% - the biggest one day fall since 2008.

After a day of turbulent trading, the markets rallied slightly with the FTSE closing down 3.2%.

Bank of EnglandPlay video "Carney: Brexit Means Volatility"

Video: Carney: Brexit Means Volatility
The pound crashed 10% against the US dollar to a 31-year low at one point, before rebounding slightly.

The price of gold - a traditional safe haven during volatility - had its best day since 2009 rising 5%.
Sat 14:20

I watched a programme this morning that had an economist and a foreign business trader on it, and according to them, things were already taken into account
But hey, again it's never good to be classed as "Negative"
Sat 13:58

They've already stated credit downgrade is negative....
Hopefully that was included in yesterday's large drop
Sat 13:16

Well their ad in the last few weeks was saying the money saved could build X number of hospitals (one a week I believe).....
So let's see if that happens.
Do I believe it will? No, it was wool being pulled over eyes...
Immigration ??? Well that will continue IMO
I just hope the leave voters are all going to be happy !!!!!
Sat 13:01

Brilliant down under
Series 3-0 win....... Great result guys
Sat 12:36

It wouldn't matter even if 5M signed it...... It was a democratic vote. That's it....
I'm sorry, but there's no going back IMO, it's just peeps upset with the outcome
After all, after a general election, if you don't like the outcome, do you think they would do it again???
No, sorry but that's it, no matter how many sign it ... IMO of course
Sat 10:59

That was a good car SOS programme
The total restoration of:-
A 1934 Morgan F4 three wheeler is restored
Sat 10:28

Channel 4 mate

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