Brexit or Britin

[Worthy4England]

It comes as no surprise that you really don't understand the world in its current form. Let me try and explain briefly... the world and most of its contents are effectively priced in US dollars. That is why there has been much discussion about that particular exchange rate. Unfortunately, there will never be a vote on that, its just the way it is. You are right that a pound will always be a pound. Just, like my other half is finding out in her job that relies on trading across international borders (much of it outside the EU) the value of the pound won't buy you much right now in that big bad world out there.

I'm sure it'll occur to Hoboh at some point, that the fat cats that run the multi-nationals (that are also still running post Brexit, like his £1 pastie is still £1), and that he's keen to give a poke in the eye to, are the same ones that'll move workforce offshore if they think it's more cost effective or lay folks off completely. When it comes to being back of the queue to be burnt by it, they're the ones that are sat there. If HSBC move 1,000 jobs to Paris (or wherever), the Fat Cat goes with them if they're not already there. The jobs that actually go are the ones on the shop floor.

[Bijou Bob]

It does strike me that those who voted and campaigned for Remain are now talking the situation down and actively affecting the mood in the UK by sulking. There seems to be more of a need to be able to say, or shout, "I told you so", as opposed to accepting a democratic vote and working towards the best solution.

The quicker both political parties appoint new leaders, the quicker we can perhaps move on and make this work. We have to, it's now the only choice we have. Equally, the sooner the Remain press stop actively trying to create division and suspicion, the better.

[Hoboh]

It comes as no surprise that you really don't understand the world in its current form. Let me try and explain briefly... the world and most of its contents are effectively priced in US dollars. That is why there has been much discussion about that particular exchange rate. Unfortunately, there will never be a vote on that, its just the way it is. You are right that a pound will always be a pound. Just, like my other half is finding out in her job that relies on trading across international borders (much of it outside the EU) the value of the pound won't buy you much right now in that big bad world out there.

Don't flatter yourself you know it all
Traders are a fickle bunch at the best of times, what's down now will soon go back up, probably not to the previous levels but the market and sterling was over priced in the first place, the dollar will take a hit once the US election starts off for real.
What little export manufacturing we have left has been hampered for the last two years by over priced Sterling and the trade gapin the first 3 month with the EU grew to record levels on the back of a strong pound.

[Harry Genshaw]

I don't see why anyone is shocked at Boris showing caution. The vote was hardly a ringing endorsement for leave. He has to calm the rhetoric and appeal to both sides. We either all pull together and get on with it, or renegotiate our position in the EU and go for another referendum afterwards

[Lord Kangana]

Just so that I'm clear on this, but the economic shitstorm that was predicted before the vote, in the event of a leave vote, will actually be the fault of people who voted not to have an economic shitstorm?

I have to admit that's brilliant. Look around the eyes, not in the eyes.

[Worthy4England]

It does strike me that those who voted and campaigned for Remain are now talking the situation down and actively affecting the mood in the UK by sulking. There seems to be more of a need to be able to say, or shout, "I told you so", as opposed to accepting a democratic vote and working towards the best solution.

The quicker both political parties appoint new leaders, the quicker we can perhaps move on and make this work. We have to, it's now the only choice we have. Equally, the sooner the Remain press stop actively trying to create division and suspicion, the better.

Aye - like the Brexiteers just supported the whole concept of the EU - never sulked, never once said I told you so - the vote to be in, was a democratic vote too, as were all the votes that went after it where parties stayed in. Whilst not for one minute suggesting there should be some sorta re-run or compromise or owt 16.8m people are pretty pissed off, in varying amounts. Some will reconcile themselves, some won't.

Brexit campaigners created division and suspicion for 30 fcuking years. The Brexit press actively supported them. Talk about double fcuking standards.

[BWFC_Insane]

It does strike me that those who voted and campaigned for Remain are now talking the situation down and actively affecting the mood in the UK by sulking. There seems to be more of a need to be able to say, or shout, "I told you so", as opposed to accepting a democratic vote and working towards the best solution.

The quicker both political parties appoint new leaders, the quicker we can perhaps move on and make this work. We have to, it's now the only choice we have. Equally, the sooner the Remain press stop actively trying to create division and suspicion, the better.

It strikes me that now the onus is on the leave campaign to deliver that every excuse under the sun is being trotted out for the market problems and fall in the pound.

The leave campaign now must deliver on their promises. If they do, that will pull people together. But they look scared suddenly....what a surprise....

[Beefheart]

It comes as no surprise that you really don't understand the world in its current form. Let me try and explain briefly... the world and most of its contents are effectively priced in US dollars. That is why there has been much discussion about that particular exchange rate. Unfortunately, there will never be a vote on that, its just the way it is. You are right that a pound will always be a pound. Just, like my other half is finding out in her job that relies on trading across international borders (much of it outside the EU) the value of the pound won't buy you much right now in that big bad world out there.

Don't flatter yourself you know it all
Traders are a fickle bunch at the best of times, what's down now will soon go back up, probably not to the previous levels but the market and sterling was over priced in the first place, the dollar will take a hit once the US election starts off for real.
What little export manufacturing we have left has been hampered for the last two years by over priced Sterling and the trade gapin the first 3 month with the EU grew to record levels on the back of a strong pound.

More from our financial correspondent later.

[BWFC_Insane]

Vote leave remove all campaign material, speeches and editorial pieces from it's website....

LOL. You couldn't make this stuff up.

[Prufrock]

Just so that I'm clear on this, but the economic shitstorm that was predicted before the vote, in the event of a leave vote, will actually be the fault of people who voted not to have an economic shitstorm?

I have to admit that's brilliant. Look around the eyes, not in the eyes.

If we leave, there will be serious financial consequences.

PROJECT FEAR PROJECT FEAR.

Well, this is awful. What we said would happen is happening. I hope the Leavers have got a plan to get us out of this.

THEY'RE JUST INTERESTED IN SAYING I TOLD YOU SO. ALSO, NO, WE HAVEN'T COME UP WITH A PLAN. WE THOUGHT YOU WERE DOING THAT.

[Prufrock]

Vote leave remove all campaign material, speeches and editorial pieces from it's website....

LOL. You couldn't make this stuff up.

IDS yesterday said that the £350m per week and immigration cuts were just advisory pledges about the sort of thing they would do. I thought this was funny until it was pointed out to me that the Tories don't care as the people in Rotherham who may be a little pissed off when they don't get what they wanted don't vote Tory anyway.

I can see the UKIPs winning seats up north arguing that Labour don't represent you and you shouldn't trust the Tories to deliver on the promises they are already backtracking from.

[Bijou Bob]

Economic sh1tstorm?? It's been less than 4 days of traders trying to make a fast buck wherever they can. Give it 2 weeks and the markets will be roughly back where they were, the pound will still float and all will be well(ish) with the world.

I don't see that the Brexit campaign are rowing back on promises as yet. No one said £350 million would go into the NHS and it's disingenuous to suggest that was the case. I'm sure that in time, the government of the day will invest more cash into the health service. I'm also sure that they will try to secure our borders and negotiate trade deals. I don't happen to think that in the meantime, the UK economy will collapse, millions will lose their jobs and there will be catastrophe.

If a few bankers leave, they leave. Weren't these the people who crashed the economy in 2008 through endless market manipulation and speculation? I thought folk would be cheering the removal trucks off.

The world will still turn, little will change. We will still end up with a London centric government, the regions may be a litte less ignored. I've just been paid and I notice I'm not 38 quid worse off this week. It's a good start.

Patience people, patience.

[Prufrock]

Economic sh1tstorm?? It's been less than 4 days of traders trying to make a fast buck wherever they can. Give it 2 weeks and the markets will be roughly back where they were, the pound will still float and all will be well(ish) with the world.

I don't see that the Brexit campaign are rowing back on promises as yet. No one said £350 million would go into the NHS and it's disingenuous to suggest that was the case. I'm sure that in time, the government of the day will invest more cash into the health service. I'm also sure that they will try to secure our borders and negotiate trade deals. I don't happen to think that in the meantime, the UK economy will collapse, millions will lose their jobs and there will be catastrophe.

If a few bankers leave, they leave. Weren't these the people who crashed the economy in 2008 through endless market manipulation and speculation? I thought folk would be cheering the removal trucks off.

The world will still turn, little will change. We will still end up with a London centric government, the regions may be a litte less ignored. I've just been paid and I notice I'm not 38 quid worse off this week. It's a good start.

Patience people, patience.

Be-have!

[Worthy4England]

No one said £350 million would go into the NHS and it's disingenuous to suggest that was the case.

Guess you musta missed this then.

[Worthy4England]

Oops. But worth driving the point home as some folks seem to have missed it.

[Lord Kangana]

I don't want to be a party pooper here, but the amount of pounds in your pay packet is a f*cking pointless indicator as to what those pounds will buy.

[Montreal Wanderer]

Oops. But worth driving the point home as some folks seem to have missed it.

But size is, I'm told, important so Pru wins on all counts.

[Beefheart]

I don't want to be a party pooper here, but the amount of pounds in your pay packet is a f*cking pointless indicator as to what those pounds will buy.

Oh don't come in here with your 'time value of money' or 'purchasing power' nonsense. Last time I looked in my pocket a pound coin was still worth £1. Project Fear is still alive and well I see.

[Prufrock]

I put a pound in the trolley I took home on Thursday coz, you know, I'm not carrying my shopping home. Took it back Friday and this came out:

[Prufrock]

Oops. But worth driving the point home as some folks seem to have missed it.

But size is, I'm told, important so Pru wins on all counts.

FNNARR!