EU Referendum

[VSC]

Unfortunately that's not how the (current) system works. The country gets to decide on a regular (used to be irregular) basis who's going to be in charge of it, then they get to do whatever they like (subject to getting the votes in the HoC and the HoL) for the duration of their mandate to govern.

Of course, one hopes that the HoC/HoL provide enough checks and balances to prevent the really loopy ideas, but as citizens we've got no say in what the government does in between General Elections.

At the time I thought that it was a relief to have fixed term elections ... but my personal thoughts are that the direction the UK takes as we exit is so important, an election would be the right thing to do.

The only hope is a no-confidence vote I believe? Though that would be unlikely to succeed ...

 

[websaway]

New PM should 100% be Teresa May for me. Talented, steady, bright, experienced.

Osborne has no chance. Boris has the mind, but not the world stage gravitas. Gove is too divisive (the entire teaching profession would be distraught).

Who the next Chancellor should be is less clear. I don't suppose for a moment that Osborne will have the support he needs to continue in the role. It might be nice to have someone with an economics background this time though!

They've all got their careers to think about and will be desperately looking at how best to secure their own futures. I think that will be best served by rallying together, the remain camp should lick their wounds, calculating what they already have and look forward to another four years in government.

 

[loredan]

Ouch, I haven't seen this coming (Brexit) but the article below explains a lot

http://www.telegraph.co.uk/news/201...e-results-compare-to-the-uks-educated-old-an/

That's sad imo ...

 

[VSC]

Agree 100%

Bugger, just fell off my chair

Are your material imports, and sales both in €? We're mostly buying product in £ and € and sales are in $....forward bought € yesterday afternoon and considering selling $ at the moment. It's been an interesting morning so far.

I am further down the food chain to know all the ins and outs, but we buy raw materials worldwide, many from the EU. Don't know if they are bought from a Euro account or Sterling account (which is what you are asking?). To be fair, costs may go up, but that could be balanced by the lower pound so non-UK customers can compensate - but we may still be more expensive that a EU provider ... much to early to say really, only time will tell!

 

[BREWSTERS]

Brilliant. Not only the result but the whole of UK politics being shaken up. Now they should finally understand that they can't carry on treating the British people the way they have been.

Exactly.

Why is discussion only revolving around the usual suspects for taking over as 'leaders'?

Britain has a history of being innovators...technology means there are so many options available to us. Politicians have been taking the absolute piss for years.

 

[websaway]

The PM is with the Queen. I would imagine it is the most embarrassing meeting of his political career. I hope she gives him a good rollicking about underestimating the courage of the people and talking down our ability to survive as a sovereign nation.

 

[Toonz]

The PM is with the Queen. I would imagine it is the most embarrassing meeting of his political career. I hope she gives him a good rollicking about underestimating the courage of the people and talking down our ability to survive as a sovereign nation.

Do you think she'll be purring?

 

[ian]

It goes to show that if Scotland had the same level of turnout as the rest of the home nations, the result would likely to have been different. I suspect voting fatigue from the recent Scottish referendum has resulted in less interest/reaction from Scottish people...kind of ironic!

 

[zehrila]

So apparently there are already 88,000 people who have signed petition for a second referendum https://petition.parliament.uk/petitions/131215

 

[VSC]

What is done is done - let's move forward - though I do believe we need a general election.

Interesting fact though ...
Nigel Farrage said that a 52-48 result in remains' favour should lead to a second referendum ...
Don't hear him asking for a second referendum now ...

 

[Edwin]

At 92,000 signatures now so it will hit the threshold within an hour. Won't work, of course, but can't really fault the idea...

 

[ian]

Sturgeon unhappy with decision, second referendum, wants out of the UK, in EU, yet wants to be fully involved in decisions made by our government. Believes the English and Welsh people have made a mistake! Thing is, Scotland have a lot to lose, they get more out of the EU than they put in, so why don't they just ask that they receive the same amount in now from our exit, as the Welsh are doing. Seems like the SNP are a scorned party throwing their toys out of the pram again (feel for them though, Scotland require the EU more than we do, but they should have voted in the same numbers as the rest of the UK home countries).

 

[denchomsky]

Question: With the markets falling all over Europe does this in a bizarre way balance the drop in the pound? Also would the falls in European markets force the EU to promise favourable deals for the UK to try to stabilise Europe as a whole?

 

[ian]

Question: With the markets falling all over Europe does this in a bizarre way balance the drop in the pound? Also would the falls in European markets force the EU to promise favourable deals for the UK to try to stabilise Europe as a whole?

It does against those affected EU countries, which have for the most part taken a larger hit than we have (predictable I guess). Unlike most country heads which have all pretty much said bye bye UK, mistaken, disappointing, disaster, the head of the European Commission has made it very clear that they still require very close ties with the UK afterwards; they depend on us more than we do on them.

 

[Murray]

The trouble with democracy is, how many people were actually educated enough to vote on the issue

 

[denchomsky]

The trouble with democracy is, how many people were actually educated enough to vote on the issue

Very true. All you can do is arm yourself with as much knowledge as possible and try to encourage others to also. It's a shame that the politicians decided to lie and fight instead of just providing (unbiased) literature.

 

[Sound]

The trouble with democracy is, how many people were actually educated enough to vote on the issue

Its the educated people who got us into the mess in the first place.

 

[Toonz]

Its the educated people who got us into the mess in the first place.

And the stupid shall rise up.

 

[spiderspider]

The trouble with democracy is, how many people were actually educated enough to vote on the issue

Everyone.

Question: With the markets falling all over Europe does this in a bizarre way balance the drop in the pound?

I was just looking at the FTSE this year. Its been a lot lower than it is now, earlier in the year. Just a few weeks ago it was 5900, and in Feb it was 5536.
As Ian said, it will be affecting Euprope more. Will be very interesting to see what happens next week once currency markets get rid of the glut created by the traders pooping themselves.

 

[Murray]

Very true. All you can do is arm yourself with as much knowledge as possible and try to encourage others to also. It's a shame that the politicians decided to lie and fight instead of just providing (unbiased) literature.

By the popular sentiment on twitter you would think only old racists not long for this world voted leave Europe because of immigration

I've also seen an alarming amount of tweets saying 16 and 17 year olds should have been able to vote because it effects their future too..