BP have stared that they are not moving from the u.k post Brexit so surely that's a sign of confidence and seems to be reflected in the SP. Even before Brexit we where knocking on the £4 door so next target is £4.21 onwards and upwards as investors flock to the big dividend stocks.
Guys I'm getting bored with all this political opinions, BP stated it doesn't expect it to have any effect on its business. The share price is rocketing, so let's just focus on BP chat. UK are out of the European Union, England are out of European championship, only one of them was a shock! GLA
I believe to go along with the democraric will of the people so if the English want BREXIT lets do it if majority of Scots and Irish voted it i can accept it but it turns out they didnt. Thats the issue. I read somewhere Wales believed independence to be closer if they voted out. Its a baffling situation. Now we have that Labour guy say we may vote again and Lib dems will make it policy to stop BREXIT.Think about that for a second Lib dems get half the vote which wont be hard because they appeal to half the electrate. BREXIT stops when the people who voted for it still wanted it. Anyway this isnt a true democrazy. This is a very unique possible terrible situation to be in. And im like you i voted with my money and i lost! Lol i saw it as chaos. Surely when i woke that morning i thought " oh ****" and for everyone else i was correct. I wont say i am lucky on BP because i planned to hedge against the pound few years ago! Thats lucky. Anyway whatever happens BP will still be around. I dont want to bore people too much now..
Point well presented and we all know London comes first over the rest of uk and as I said my roots are well and Truley Scottish , so I have no axe to grind . I wonder what odds I could get the whole of the U.K. Still being in Europe in another 5 years ? I may take a punt as I see leaving Europe as likely as the Pope getting married , the powers that be were advised it was 60/40 in favour of staying in so they gave the pesants a vote thinking it was a done deal to stay in . Then shock horror the vote goes against them and Ken Clark has the front to stand up in parliament and say the vote should be ignored so I guess with that sort of mentality prevailing on all sides of the house more obsticals will be put up than grand national fences it will never happen. But a referendum is a referendum let's take the USA I don't know how many times the UK would fit into Texas but I think it's about 7 times the United States Vote on a new President the majority vote for candidate A Texas vote for B so do Texas have the right to ask for independance ? That's not how a democracies work . But my money is on a remain I will see what odds are on offer Best Regards
Valid point about Scotland being a separate country as is Ireland and Wales so why do they get less than London?
As for what currency to use clearly not the pound now as its in nose dive lol joking. I would use anything. About the oil its not Scotland's only trade we have golf and tourism and whisky as well. Alan the MP that you spoke to probally did not open your eyes to how damaging the Barnett formula is not just for Scotland but all the other area's i have mentioned. Look note that all area's in which the Barnett formula is not favourable to seen a huge vote to leave mainly because their own failed them not the EU. The further you got from London the more they voted out. I trust the EU more than the UK solid truth. Even the figure the UK said they pay alone to the EU was hugely inflated as Scotland pay 8.4% of it too but i didn't hear a whisper of that. The point i make about the Barnett formula take it and compound it over 30 years and you have a way of slowly extracting from countries and counties to favour one (London).
If Scotland were independent the UK would suffer more not vice versa. Although there are many questions and not enough answers we cannot know everything as we don't for BREXIT. I hope you realise i looked at this issue in detail.
Could not agree more about the centre of the galaxy being London but per population the cost to the Goverment is far less than Scotland receives hence the feelings felt by the Welsh and Ireland, my roots are Scottish and I have totally no axe to grind but in my opinion Scotland would be a far poorer country out of the union than in it. If they had voted last time for independance I dread to think of the situation they would find themselves in now as independance was based on $150 a barrel now circa $50 , the problems Scotland would face would be very significant , what currencies would they use ? As the £ would not be allowed to be used, then you have the costs associated with break away , passports, re registering cars, maintaining pensions , free university and free prescriptions etc, etc I think Scotland would be very hard pressed to maintain services and current status quo but as I said Sturgeon will not rest till she breaks Scotland away from UK , Scotland is a separate country but forms part of the U.K. Which makes us all the stronger and I fear the worst if Sturgeon keeps stirring the pot . She is that important the European Commissioner refused to see her tomorrow . It's a very interesting time and things are very fluid but my money is The UK will remain after the elected politicians stall on every issue then in 10 years time they will then ask for a second referendum and will win it I wonder then if a another referendum will then be held to overturn a remain the plot goes on . Best of luck with your trades Keep Smilling
Correct Scotland receives more than Wales and Ireland and indeed North England but the formula is out dated and doesnt take into account what everyone contributes, most money is concentrated to London.
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