EU Referendum Results/Updates thread

[Ira Gaines]

As if that ever should or could have happened.

[cyderspaceman]

In what can only be called a fit of madness generally reserved for inbred English royalty, over 17 million Brits “shit where they ate” yesterday in a vote to leave the European Union. Essentially, those that enjoy living in constant rain and wax nostalgic about their lives in the coal mine have just thrown 60 million people’s toys out of the pram.

http://www.valuewalk.com/2016/06/brexit-stupidity-and-the-uk-passport/

[Wee Willie]

34 minutes ago, cyderspaceman said:

In what can only be called a fit of madness generally reserved for inbred English royalty, over 17 million Brits “shit where they ate” yesterday in a vote to leave the European Union. Essentially, those that enjoy living in constant rain and wax nostalgic about their lives in the coal mine have just thrown 60 million people’s toys out of the pram.

http://www.valuewalk.com/2016/06/brexit-stupidity-and-the-uk-passport/

I dunno if that's worth a or a cos he's a wee bit biased.

[Bishop Briggs]

1 hour ago, cyderspaceman said:

In what can only be called a fit of madness generally reserved for inbred English royalty, over 17 million Brits “shit where they ate” yesterday in a vote to leave the European Union. Essentially, those that enjoy living in constant rain and wax nostalgic about their lives in the coal mine have just thrown 60 million people’s toys out of the pram.

http://www.valuewalk.com/2016/06/brexit-stupidity-and-the-uk-passport/

Classic "heids gone" nonsense. The guff about the passport is beyond parody. The real inbred moron is the author Brendan Byrne. He sounds like an Irishman who can vote in British elections and referenda. 

[Granny Danger]

There is total disillusionment in the ranks of the Tory Party including Theresa May.  They genuinely think they can get access to the single market and some compromise on the freedom of movement.  By the time they come to admit it the economy will have taken a terrible hit.

There's no delusion like self delusion.

[Bishop Briggs]

11 minutes ago, Granny Danger said:

There is total disillusionment in the ranks of the Tory Party including Theresa May.  They genuinely think they can get access to the single market and some compromise on the freedom of movement.  By the time they come to admit it the economy will have taken a terrible hit.

There's no delusion like self delusion.

The negotiations have not started. Germany, France and the Netherlands have massive trade surpluses with the UK. German car manufacturers have invested heavily in British brands. A trade deal will be done and quickly to calm the markets. The deluded ones are those who think that EU can afford to deny Britain access to the Single Market. Countries outside the EU have huge trade with Member States. 

 

[mjw]

Bishop should lead the negotiations imo.
He knows everything about everything.

[Bishop Briggs]

Latest trade figures - https://www.uktradeinfo.com/Statistics/OverseasTradeStatistics/Pages/EU_and_Non-EU_Data.aspx

• EU Exports for May 2016 were £11.4 billion. This was a decrease of £0.5 billion (4.3 per cent) compared with last month. This has remained unchanged compared with May 2015.
   
• EU Imports for May 2016 were £18.6 billion. This was a decrease of £0.5 billion (2.4 per cent) compared with last month, and a rise of £1.2 billion (6.8 per cent) compared with May 2015.
   
• In EU trade the UK was a net importer this month, with imports exceeding exports by £7.2 billion.  

So the EU will want a trade war with the UK post Brexit?

[jakedee]

Trade figures mean nothing post Brexit , other countries will be lining up to supply goods into the EU on an equal footing as we will have, and unless we suddenly up our manufacturing sector,we will still need to import.If tariffs are implemented, how long before Honda,Nissan,Toyota,Mini and the likes relocate?

[topcat(The most tip top)]

15 hours ago, Bishop Briggs said:

The UK was net importer during May when sterling was rattling around between €1.43 & €1.47 

 

[topcat(The most tip top)]

The other point is that regardless of the balance of trade at any given time the trade between the UK and EU will represent a far larger proportion of the UK economy than the UK Economy.

The idea that "The EU won't want a trade war with the UK" is correct in isolation but it still doesn't suggest that it's in the UK's interests to start one.
 

 

[Michael W]

Again, though, it isn't goods that's the problem - financial services are. The hit of tariffs on goods might not be so bad for the likes of Germany if they can tempt financial services into Frankfurt. 

Financial services will require single market access. If we don't take that and all that comes with it, there is no way we will get passporting for financial services. A trade deal for goods is fine and well, but it suits the EU and not the UK. 

Why will the EU give us a favorable deal when we've gone and told them to f**k off? They will look weak and will encourage more Member States to leave so they too can have their cake and eat it. 

[cyderspaceman]

1 hour ago, topcat(The most tip top) said:

17 hours ago, Bishop Briggs said:

The UK was net importer during May when sterling was rattling around between €1.43 & €1.47 

For the sake of accuracy, the pound has been well below 1.40 euro since beginning of December 2015. In May it was , on average,about 1.30.

[Bishop Briggs]

8 minutes ago, cyderspaceman said:

For the sake of accuracy, the pound has been well below 1.40 euro since beginning of December 2015. In May it was , on average,about 1.30.

 

Topprat wrote that not me. He is so desperate that he makes up quotes and posts them. What a sad numpty! 

[Mortar Bored]

 

That should be $.

[Bishop Briggs]

1 minute ago, Mortar Bored said:

 

That should be $.

 

Topprat can't even get it right when he's inventing figures and using them to fake quotes from other posters. 

[topcat(The most tip top)]

Sorry about that slip up people I had proper work to do so I've not been as committed to this thread or as diligent as one might hope. I copied the numbers from the wrong web tab without checking

The underlying points (that the exchange rate influences the balance of trade and that the pound has depreciated significantly against the Euro) shouldn't prove too controversial however.

[cyderspaceman]

Quote

More than 1,000 lawyers have signed a letter addressed to Prime Minister David Cameron saying the EU referendum result is merely “advisory” and not legally binding. 

http://www.independent.co.uk/news/uk/politics/in-full-the-letter-from-1000-lawyers-to-david-cameron-over-eu-referendum-brexit-legality-a7130226.html

[Granny Danger]

10 minutes ago, cyderspaceman said:

http://www.independent.co.uk/news/uk/politics/in-full-the-letter-from-1000-lawyers-to-david-cameron-over-eu-referendum-brexit-legality-a7130226.html

If it is purely a legal matter why are they referring to the closeness of the result and 'merits' of the campaign?  If primary legislation is required before Article 50 is triggered then that would be a requirement regardless of the closeness of the result or anything else.

It would be interesting to see if a legal challenge is made if a future PM tries to trigger Article 50 without primary legislation being enacted.

 

[Michael W]

5 minutes ago, Granny Danger said:

If it is purely a legal matter why are they referring to the closeness of the result and 'merits' of the campaign?  If primary legislation is required before Article 50 is triggered then that would be a requirement regardless of the closeness of the result or anything else.

It would be interesting to see if a legal challenge is made if a future PM tries to trigger Article 50 without primary legislation being enacted.

 

I believe such a legal challenge is already being prepared. The firm in question is called Mischon De Reya, something like that. 

 

The Cabinet Office is also currently setting out the options for triggering A.50, supposedly reporting them in September.