Brexit

[bennymacca]

UK have voted to leave the EU

ASX is down nearly 4%

GBP has plunged.

Interesting times ahead

[Booney]

Sure is, my ex-pat Pommy boss and a Welsh bloke here at work have been glued to live feeds of the count. They've got mixed feelings, they see many positives and plenty of negatives to both sides and that is very much reflected in the feeling of the voters.

Fear and uncertainty do silly things to people and the financiers of the world react and act as quickly as anyone. Interesting to see what unfolds for sure.

[Corona Man]

UK have voted to leave the EU

ASX is down nearly 4%

GBP has plunged.

Interesting times ahead

Haven't followed this at all.... what are the reasons for leaving the EU?

[bennymacca]

my reading of it - They see themselves as economically much stronger than the EU, and basically they arent prepared to do a Germany and bail out the rest of the countries whose economies are tanking.

There was also a pretty large scare campaign centred around immigration - similar to what has happened here in that regard, but the scale of it is potentially much larger over there.

[Jim05]

UK have voted to leave the EU

ASX is down nearly 4%

GBP has plunged.

Interesting times ahead

Got a few English mates who are a mid 40's and they were keen as to get out. From what I understand the older voters were strongly in favour of exiting whilst the younger ones were keen to stay. Reckon there will be positives and negatives but good luck to them

[Jimmy_041]

I have been following it all day - It's going to happen
Leave are now over 1.1m votes up
Now, the interesting thing will be what David Cameron does
One thing for certain the Brits are pretty resilient
Maybe they'll try to get the commonwealth back together again
And start another opium war to get Hong Kong back

[Grahaml]

On face value this looks incredibly short sighted and I think it'll turn out to be a monumental error. I'm expecting now that Scotland will very quickly vote to leave the UK and join the EU.

Can see before long the UK desperate to rejoin when the rest of europe has recovered from the financial issues and you have to wonder whether they'll be taken back so quickly.

[Jimmy_041]

Gold up USD74 / AUD160
NCM up 9%

Been a good day

Wow, Cameron resigned. Too bad some Australian politicians haven't got the same intestinal fortitude eh Jay

[stan]

Gold up USD74 / AUD160
NCM up 9%

Been a good day

Wow, Cameron resigned. Too bad some Australian politicians haven't got the same intestinal fortitude eh Jay

Cameron campaigned for them to stay. But you point is well made regardless.

Also Gold seemed to be the safe haven of markets at the moments. Hits everywhere at the moment.

[Jim05]

Cameron standing down has capped off a good day for many

[Jimmy_041]

Cameron standing down has capped off a good day for many

Jeremy Corbyn is doing the exact opposite "Huh, me? I'm not leaving my UKP 125k job for no-one"

How about this tosser:


Wait for the last line

Gee, just shows how overpaid the mugs in North Tce are

David Cameron $280,000
Jay Weatherill $374,648

Jeremy Corbyn $234,500
Steven Marshall $327,817

But, you can see why:
UK - 5th biggest economy in the world
SA - 6th biggest economy in Australia

[Wedgie]

my reading of it - They see themselves as economically much stronger than the EU, and basically they arent prepared to do a Germany and bail out the rest of the countries whose economies are tanking.

There was also a pretty large scare campaign centred around immigration - similar to what has happened here in that regard, but the scale of it is potentially much larger over there.

Good summary.

I'm mostly concerned on how it will impact on Ireland with the top bit of the island not being apart of the EU.
Will have interesting ramifications in Scotland too.

[Jimmy_041]

Correct Wedgie
There is already talk about Northern Ireland and Scotland
Northern Ireland is a major concern

[johntheclaret]

Correct Wedgie
There is already talk about Northern Ireland and Scotland
Northern Ireland is a major concern

Ireland and NI have a border agreement dating back to around 1925 that supercedes anything in the EEC.
NI will never vote to join with the south as it is too loyalist and it is too small to to go it alone.

Scotland can do what they want, they are a drain on our economy and most unhealthy nation on the planet. Their independence is based on them having the oil, yeah like England will give that up any time soon.
The onky reason they are still part of the UK now is because the English didn't get to vote in their last referendum.

[johntheclaret]

my reading of it - They see themselves as economically much stronger than the EU, and basically they arent prepared to do a Germany and bail out the rest of the countries whose economies are tanking.

There was also a pretty large scare campaign centred around immigration - similar to what has happened here in that regard, but the scale of it is potentially much larger over there.

Good summary.

I'm mostly concerned on how it will impact on Ireland with the top bit of the island not being apart of the EU.
Will have interesting ramifications in Scotland too.

The UK was never going to bail out any failing economies. The was only an issue for counties in the Euro zone, which we never joined.
The key issues were nothing to to with the economy, only in so much that the Brexit campaigned that we are the 5th biggest economy on the planet and the biggest customer in the EU so no matter what happens there is no way Germany is going to stop selling us 840,000 cars a year. We are a far bigger importer than we are an exporter and only an idiot would want to block sales to us.

The big issues were immigration, loss of sovereignty to non elected bureaucrats and the amount of money we are pumping into Europe and what we get back.

[Jim05]

Correct Wedgie
There is already talk about Northern Ireland and Scotland
Northern Ireland is a major concern

Ireland and NI have a border agreement dating back to around 1925 that supercedes anything in the EEC.
NI will never vote to join with the south as it is too loyalist and it is too small to to go it alone.

Scotland can do what they want, they are a drain on our economy and most unhealthy nation on the planet. Their independence is based on them having the oil, yeah like England will give that up any time soon.
The onky reason they are still part of the UK now is because the English didn't get to vote in their last referendum.

Yep, piss Scotland off as they are a drain on England. They would be broke within 12 months if they tried to go it alone

[Grenville]

I'm mostly concerned on how it will impact on Ireland with the top bit of the island not being apart of the EU.
Will have interesting ramifications in Scotland too.[/quote]
The UK was never going to bail out any failing economies. The was only an issue for counties in the Euro zone, which we never joined.
The key issues were nothing to to with the economy, only in so much that the Brexit campaigned that we are the 5th biggest economy on the planet and the biggest customer in the EU so no matter what happens there is no way Germany is going to stop selling us 840,000 cars a year. We are a far bigger importer than we are an exporter and only an idiot would want to block sales to us.

The big issues were immigration, loss of sovereignty to non elected bureaucrats and the amount of money we are pumping into Europe and what we get back.[/quote]

The biggest consequence of this decision could be the eventual destruction of the EU. Holland, Denmark, France and Hungary are already arking up. The immigration issue was a massive influence on the leave campaign being successful.

[Dogwatcher]

JTC, apologies if you've already posted this, but what did you vote? If you're willing to share, of course.

[whufc]

I'm off to dinner at the in-laws tonight and it should provide some interesting conversation

Their whole family were born and lived in Crumlin, Northern Ireland but are pro Republic of Ireland

Odd and confusing I know

[heater31]

I'm off to dinner at the in-laws tonight and it should provide some interesting conversation

Their whole family were born and lived in Crumlin, Northern Ireland but are pro Republic of Ireland

Odd and confusing I know

Well that balances the Republic one I know from Dublin who is pro English