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I Have a Question

Thoughts on the UK leaving the EU.

How long do you think it will take the UK to bounce back?

Will David Cameron resign?


Will Boris Johnson become the next PM?


The pound has already plummeted within the hour of the news breaking. That's just the market reaction, many Brits won't feel the full effects for a while.
tallpowerhouseblonde · 36-40, F
3venus
Yes you have it now..and to add insult the British taxpayers pick up the bill.
You dont want to get me started on the money ex eastern block countries suck out the EU.Or that the finance is so badly controlled auditors have never signed off any of the accounts.Britain even gives 1.9 billion pounds a year to Turkey to help it prepare to be in the EU.Apparently it will take until the year 3000 at the current rate of progress..fact not mickey take.
SW-User
The sad thing is, I bet most voted out because they thought it would immediately get rid of the immigration issues. It takes 2 years for the UK to actually 'leave', by that time, hopefully, someone else will be in charge who has more balls to stand up against this nonsense. Now What? We're going back 30 years to riots and more closed businesses and Thatcher might as well be in charge.
Picklebobble · 56-60, M
Well, that's because folk are sick of it!!
We all work for foreign companies, many of us on a minimum wage set too low!
And we waste a billion a day paying Euro beurocrats to make laws in our own country!
Maybe now we can concentrate on looking after our elderly folk or those who need specialist care with the ONE BILLION A DAY we throw at Europe!
The share prices?
Well they jump up and down depending on who can't sell their shares!
But If it happens, watch closely!
My guess is if we do withdraw, we won't be the last !
Watch what the Spanish and the Portuguese do!!!
3venus · F
@CaptainAmerica it can and already has affected America. Brexit is one of the many reasons why we haven't raised rates in June and likely won't raise rates in July. You can argue that raising rates is a bad idea, but that's another discussion for another time.

Also think about what this means for trade. It's going to cost more for exports and imports.

It has already strengthened the USD by 10%. Plus stocks are expected to fall by 5% tomorrow.
3venus · F
@CallMeDex, stand firm in your decision. I'm not going to lie at first it's going to be hell. Especially if more nations decide to leave the EU. But long term, I can't say. It all depends on how everyone reacts in Britain and beyond.
tallpowerhouseblonde · 36-40, F
One example is being told we have to give unemployment benefit to migrants when many eu countries dont pay benefits at all.Another is the 5 % vat on domestic fuel EU MPs inposed on us.We vote for British MPs to hold that position yet EU MPs just get the job
tallpowerhouseblonde · 36-40, F
The pound went down long before the final results.
With extra billions in our economy we dont need a bounce.No EU dragging us down with their red tape and rotted economy.

Lets take this opportunity to put the Great back into Britain

WOOT WOOT
bellybuttonfan17 · 36-40, M
If Britain really leaves the EU (it well might looks like) then it will be the beginning of the End of Great Britain as we know it. It will simply have to become Kingdom of England or some thing like that because you can count on Scotland leaving the UK over this, as will Northern Ireland. More like Divided Small Britain. And this is not even counting the Economic Impact. The Pound is tanking and only when the full effects of the tanked economy hits the average Briton will they realize the full impact of this decision.
3venus · F
@tallpowerhouseblonde, I see. So, the EU MPs are essentially overriding the British MPs and trying to make decisions on behalf of the EU not the British people.
tallpowerhouseblonde · 36-40, F
America China Japan and many other countries are trading well and they are not in the EU
3venus · F
@tallpowerhouseblonde are your thoughts on this purely from the standpoint of economics* or from immigration?

I'm genuinely curious, because fascism is on the rise internationally and Britain could quickly become the poster child of modern day fascism.


*There is a discussion about the economics of immigration but that's a separate conversation.
Picklebobble · 56-60, M
3venus:
The money markets work by having a variable comparison.
You're right. Keeping the £ meant that we could still trade currency with both the U.S. $ and the euro. As well as every other currency. WITHOUT being tainted by all the European Central Bank mess.
3venus · F
@CallMeDex, you've made some great points. I've been reading that most who voted to leave either want Boris Johnson or Nigel Ferage (I think I spelled his name wrong.) The consensus I'm getting is that anyone is better than David Cameron.
3venus · F
@Picklebobble, exactly. I was just pointing out that GB has the upper hand here. It's not like they have to go through the process of changing currency and all of the complications that come with that.
3venus · F
@Picklebobble Another point I think I need to make is that GB never changed their currency to the Euro they kept the Pound Sterling. So they have always had their foot at the door. That can make the transition easier.
3venus · F
@tallpowerhouseblonde, oh okay, so your thoughts are multi layered. I was just wondering where you were coming from. I didn't want you to think I was trying to troll you. Care to elaborate more on the MP situation?
3venus · F
@plantbased The polling right now is at 48.3% remain and 51.7% leave. The full results won't be out for another two hours at least. But ITV and BBC and various other British news organizations have already called it.


TLDR: No.
Gumba1000 · M
Cameron is going. Did he not say he was not standing in the next general election?

I think it will take 4 years or more to start to bounce back.

Bring on Boris!!!! No one credible on the table but at least he is a laugh.
tallpowerhouseblonde · 36-40, F
3venus
My thoughts were on many subjects including economics and immigration also unelected MPs overruled our elected MPs
jackson55 · M
I just saw on the news the pound was down 31% with 54% of the vote in to leave the EU.
plantbased · 61-69, M
is it final result?
SW-User
As for the PM question; Boris may become PM, who knows? But he won't be any worse than Cameron or Blair who make me sick. I hate them. They don't care about Britain, they never have. They got us involved in conflicts we did not need to participate in. They made it impossible for the likes of me to get jobs. It's a disgrace how Cameron seeks to destroy the NHS and make life hell for the poor but the EU didn't help. Uncontrolled migration only makes it all worse. I love migration. I love to experience foreign cultures and ideas but I don't want every poor person from Europe moving here. We don't have enough jobs, doctors or houses as it is. I don't blame the migrants, they only want a better life. I blame the flawed system that doesn't help any of us.
SW-User
Yes they seem to be the favourites. I am unsure about them. They were great leaders in the referendum campaign but I'm not sure about how they would act given that much power. I would prefer Farage out of the two if I had to choose. He seems to understand the average British/Irish person better than Johnson but I think either of them will be better than than Cameron who is a snake, a liar and a fool. He has said so many things that disgust me. For example; he said that he would negotiate with the EU and then decide if their offer was okay. He said he would decide to campaign to stay or leave based on their offer. He campaigned to stay and said things like "leaving the EU will cause another recession." and "Leaving the EU may cause political instability and war". If he really thought that then he would never have offered us the choice or considered campaigning to leave the EU. He says whatever he thinks will suit the situation, regardless of whether or not it is true or good.
SW-User
I voted to leave. I voted that way because I object to being under a system that employs thousands of people who are not elected to make decisions on my behalf. I love democracy and the EU is not democratic. I may be wrong, only time can tell, but I did what I thought and think was right.

 
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