ferrasvansen
Member
The media will not take the blame at the upcoming economic shitstorm, i am sure they can see whats happening and where it ends. They will pass it to Boris and co.
The UK votes to leave the European Union
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The media will not take the blame at the upcoming economic shitstorm, i am sure they can see whats happening and where it ends. They will pass it to Boris and co.
Detestable.
PrivateRyan
Member
Facebook comments are the worst for this. "We're Great Britain, that's what makes us great!"
"Everyone wants to do business with us, we're British!"
(ignores all the people who've worked their arses off making the UK unique in the EU to attract and keep investment)
Yup. Front page of daily fail site currently is....hilarious
Blackthorn
"hello?" "this is vagina"
I've avoided Facebook entirely through this whole process. I'm angry enough without it, seeing that idiocy would push me over the edge.
Not missing it, either, so this might be a permanent change.
affleck1981
Member
One of the great things about being a teacher is that I can't check news in the middle of lessons. Every time I think this might have calmed down a little bit by now, maybe there's some semblance of a plan starting to form.
Then I check the news and this forum.
And wonder how much further we can go down this mess.
Then I check the news and this forum.
And wonder how much further we can go down this mess.
ferrasvansen
Member
Someone needs to educate these halfwits, we are currently balancing on a huge pile of debt and edging closer to the edge of a deep black hole, shouts of Great Britain and rule Britannia won't make that go away.
ebullientprism
Member
Thing is (and as an outsider looking in, this is kinda hilarious) none of this was needed. The UK just made a crisis for themselves out of fucking nothing at all.
Its absolutely mind boggling.
Oh yeah, fucking cheers.
Did you not know this was going to happen?
Fucking twatski.
We're tanking and this fucktard is making Twitter apologies. Excuse me whilst I'm sick in the litter bin.
HazySaiyan
Banned
We're not called Great Britain for nothing! /facepalm
Welcome to the UK equivalent to the US Republican's spouting "American Exceptionalism" whenever anyone dares question an action taken by the US. It's just as infuriating a viewpoint for us over here too (though I guess the US Exeptionalism line has a bit more overt religious connotations as it's frequently said to be granted directly by God to the country . . . or something).
Heavy's Sandvich
Member
mate what are you on about?
we defeated the germans twice (and a world cup [tm]) without spilling a drop of our Tetley tea.
No one has helped us ever init. Rule Britannia and all that shite.
PJV3
Member
I'm just wondering if they change the mood music, they won and the thing that drives them is gone.
The markets are finding their level.
ferrasvansen
Member
So they turn on the leavers and say, fuck the economic downturn was right, those 99.9% of advisers and experts were strangely right... how dare you Nigel, Boris and co mislead us. Headlines already likely written.
Devoting the entire top banner to a large festival having a.. large amount of rubbish seems entirely reasonable right now. I can't think of any other stories to cover, can you?
I'm a child for believing a court of justice is supposed to be impartial? You do know the definition of "to suppose" right?
All of a sudden everyone's become pragmatic long term investors. The Daily Mail and the Daily Express especially so.
For all the damage it might inflict, such a strategy could work out in the long run. A coordinated, mildly disastrous exit could have passed through; this omnishambles has a chance of somehow reversing one of the worst political decisions in British history.
EdwardTeach
Member
Those bankers jobs may not be in the UK though.
People love to bash the bankers, but if we lose the City our finances will be truly fucked. Banking and connected industries like accountancy and law are our biggest source of tax revenue. Aside from this loads of other industries are dependent on money coming from the city, e.g restaurants, bars, art, theatre even taxi services. If we lose the passport we will be ruined.
RedSparrows
Member
Eternal contradiction of the press. 'Tomorrow's chip wrappers [WELL IT WOULD BE IF IT WEREN'T FOR THAT FILTHY EU]' vs 'voice of the people', 'paper of record' stuff aped from The Times.
ferrasvansen
Member
Dark times ahead
nothing to do with Europe. We enact article 50 when we decide we are going to leave. Technically we haven't decided to leave - the public has simply voted to let the government know what we want to.
It is completely fine if they want to wait a couple of months before doing anything.
ferrasvansen
Member
Yeah its pretty sad, gutted that 17m decided to toss a coin with the UK economy.
Daffy Duck
Member
I read that as dank times ahead.
As much as I think we are worse off for leaving the EU, I can't help but think that everyone getting freaked out over the markets is over-reacting.
OK, it is bad, but it's because the market absolutely didn't expect this result and is re-adjusting to a more appropriate level (probably around £1.30~to the $) and people are moving their stocks out of things like house-building and into more long-term protected stuff like healthcare.
We need leadership to come in and help us through this, but as I said on ref night, the fundamentals of the UK economy are strong.
Before this we were the fastest growing developed economy in the world, we haven't suddenly got absolutely shite at business, it's just a shock event which is having consequences play out.
For reference, I think this crisis will have an effect on the UK economy more like 9/11 did on the US's markets rather than 2008 - but I'm not an expert so we will see.
OK, it is bad, but it's because the market absolutely didn't expect this result and is re-adjusting to a more appropriate level (probably around £1.30~to the $) and people are moving their stocks out of things like house-building and into more long-term protected stuff like healthcare.
We need leadership to come in and help us through this, but as I said on ref night, the fundamentals of the UK economy are strong.
Before this we were the fastest growing developed economy in the world, we haven't suddenly got absolutely shite at business, it's just a shock event which is having consequences play out.
For reference, I think this crisis will have an effect on the UK economy more like 9/11 did on the US's markets rather than 2008 - but I'm not an expert so we will see.
D
Deleted member 231381
Unconfirmed Member
I got a pretty similar email from my old professor David Vines, who sits on the Shadow Monetary Policy Committee. He expects the economy to crater.
ferrasvansen
Member
Investment has shuddered to a stop overnight, you do not need to be an expert to realise what that means....
Dorsal Axe
Member
And that's what is most embarrassing of all in this whole situation.
I hope the rest of the world is taking notes...
GoldenEye 007
Member
Weren't the voters promised immediate action, though? I imagine that with other lies or half-truths they were told, they wouldn't be exactly excited over that.
Thornton Reed
Member
i'm more angry at corbyn and his supporters at the moment than any leave voter. They are absolutely deluded.
I thought we all agreed to stop listening to experts?
Yep, more interested in complaining about "the blairites" than they are in accomplishing anything worthwhile.
That money isn't just going to disappear, people are holding off until they know more.
Analysts are thinking it may be worse than 2008. Here's the most recent one, from a guy who is very far away from being an alarmist.
He could be wrong on he severity, but those bullet points are facts and do not make great reading.
ferrasvansen
Member
Yeah true, after all nothing is happening....
RedSparrows
Member
9/11 did not fundamentally change the structure and nature of the US economy.
This has. This is far far bigger. This is not even the beginning.
its a potentially two year process to negotiate exit. There was realistically no way Cameron was going to lead that negotiation after losing on the opposing stance. So there needs to be a new leader.
Yes in theory he could hit the button and start the ball rolling now, but then you're losing 2-3 months while the leadership contest happens. That would be irresponsible.
I think Cameron's approach is the way to go.
ferrasvansen
Member
Yeah when is that happening, and why invest here when we could potentially have no market access anywhere except at UN terms for years.
A functioning government might be able to slow it with some well thought out policies and spending, but we don't have that because they're too busy trying to get their own houses in order.
Wouldn't exactly say completely fine to wait, especially since this isn't just a UK matter anymore, as soon as the UK voted to leave you effectively damaged the economy of all the other countries in the EU, and uncertainties will continue to do damage, so waiting around will not be a popular strategy with the EU, and they can and will put pressure on the UK, if the UK keeps this state of uncertainty going.
It's not even good for the UK to wait around for months, no outside business is going to risk on the UK right now, even places like Gibraltar which are situated in Spain basically are going to suffer the more this is delayd
I'd very much like to see the EU try to force anything based on the result of a non-legally binding referendum.
They can posture all they want, they can't however take it out of our hands.
It's gonna go down until there is some certainty.
That's why waiting for months before triggering Art. 50 is a stupid idea
George Oscar Bluth II
Banned
I don't know if I should laugh or cry.
Probably both.
Probably both.
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