Tanzania, the trouble is how long will it take the out brigade to realise they won't be able to buy as many Malborough lights on their way back from Majorca because the pound is worth diddly squat.......tongue in cheek of course :-) Just like the stock markets the world money markets are all about sentiment and who wants to buy our bonds when even we don't know how high we are jumping from. We are in a whole heap of trouble and Mervyn King should know better !
How right you are Joe ! I am simply amazed how any of the Remain camp willingly appear to accept the rule of five little known, arrogant foreign Commissioners overseen by Frau Merkel for ever and a day. My guess is, that behind the scenes the finger of blame for Brexit lies firmly at their doors. They gave poor old Dave Diddly Squat ! Let them go federal if they want. I'm happy with Mervyn Kings view of the present turmoil, but time will tell of course.
Even Leave (Farage aside) are accepting that we have to be in the market and that means free movement of labour.
So no border control
They have called the £350m per week to the NHS a mistake.
Farage said in February that one referendum would not do it.
A senior lawyer has said the House of Commons can refuse to ratify the referendum legally. Personally I struggle with that but after a new general election it will be obvious that the politicians will have a mandate for whatever they were voted in on.
Boris Johnson's plan in the Telegraph today was laughable. He is not fit to be PM. The "plan" was we have access to the market, we close our borders but UK citizens can continue to travel and work in the EU as before (not the other way round). As if.
When the negotiation team receive the best offer they can from the EU there will have to be another referendum.
There are other legal moves afoot too but it is early days.
I am going to refrain from comment on the merits or demerits of a vote in either direction. But irrespective of the rights or wrongs it can hardly be a surprise to anyone that this is the outcome of a brexit victory,surely? If it is, well, words fail me.... The footsie 250 down 7% on two succesive days....? Small and mid cap slaughter.
Anyone got any ideas of when this might reverse? Come on brexiteers provide us with some words of wisdom.... Maybe consult Nigel?
Totally agree CP. I can't get over the naivety if this Brexit vote disaster. Forget hopes of an Aminex share price surge whilst all this mess plays out. And this is just the beginning. Along with reaping what you sow, must go "you learn from your mistakes" and I'm sure once people feel the pain of their misguided decision ( deep recession, lower wages, fewer jobs, poorer standard of living, social unrest ) they will wake up to the error of their choice. Shame we've got to live and work through this mess though and saddening to witness the swing to the far right ! Apologies for more off topic chat but I still feel very angry about the whole situation.
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