UK to leave EU

[Edwardo Piet]

Not everyone voting for these shitstains is a racist

I know.

[Edwardo Piet]

If you held a referendum to end taxes, how many idiots do you think would vote yes?

Many fucking idiots in this world.

[Expired]

If people in this country were taken in by Farage, we would not have a conservative government.

Shows how much you understand about UK elections. UKIP got 12.7% of the vote in the last general election, more than the SNP, the Lib Dems, and the Greens. Just because they only won 1 seat doesn't mean they don't have support.

Farage was central to the Leave campaign.

What percentage of the vote were Ukip predicted to gain beforehand?? nobody I know would ever give backing to the prick, don't presume all out voters think along the same lines.

[abaris]

Talk to me about it in two years time, looking forward to you choking on your words. and by the way not all people who live in rural communities are thick.

You take that pretty personally, don't you? Must have hit a raw nerve there. But gladly. Let's talk in two years time, if you are still able to afford a computer, that is.

[Edwardo Piet]

ETA: I hate it when my facepalms get ninja'd.

[Expired]

Talk to me about it in two years time, looking forward to you choking on your words. and by the way not all people who live in rural communities are thick.

You take that pretty personally, don't you? Must have hit a raw nerve there. But gladly. Let's talk in two years time, if you are still able to afford a computer, that is.

Yeah people generally oh fuck it I cant be arsed

[KevinM1]

So, is there anything concrete that the Brexiters hope to gain by leaving the EU? Anything beyond some vague notion of increased sovereignty?

[I_am_not_mafia]

It has no direction to go but up, frankly..but that won't make that money reappear.  It's gone.  As is the standing the UK previously enjoyed on the world stage.  Seems to me you might not have realized that the pound was pushed to those levels - with the EU behind you, what's the recovery plan now..past the bailout that's already been offered?  It's been made abundantly clear that the things mentioned before the vote will not be materializing in reality.

It went much further down in 2011 when I first moved to Germany. It was effectively parity between the pound and the euro, which was very expensive for me at the time having just moved there.

It can go down much more. It's not about money appearing or disappearing, it's about how much others think that it's worth. Say you had a business and you needed to make deliveries. I could offer to sell you a car. You might think that it is worth £3,000 because you know that you can get a year's use out of it. You could then use it do your business and make money with it. Now if I point out that the timing chain has already started coming loose and has irrevocably damaged the engine and it only has a week more use out of it, then you're not going to offer so much for the car. How much you decide to offer is up to you, but it will be far less based on what you can earn in a week.

If the financial markets decide that the future economic prosperity of the UK is bleak now that it is no longer in the EU and cannot sell its exports, then there will be less interest in buying its currency, its shares or its bonds. This is important because the UK has a deficit. This isn't a debt but a deficit. It's like having a monthly payment on your credit card bill of £1,000 a month and you only earn £900. You will then need to borrow more money to meet that deficit and get further into debt. But if people see you as higher risk because you now earn less money each month because your costs have gone up compared to everyone else, then they'll only lend to you at higher interest which means next month your deficit increases and you need to find even more money. So each month you become poorer even faster without a chance to catch up.

This is the future of the UK now that it has decided to leave the EU.

[account_inactive]

You take that pretty personally, don't you? Must have hit a raw nerve there. But gladly. Let's talk in two years time, if you are still able to afford a computer, that is.

Yeah people generally oh fuck it I cant be arsed

Don't blame you.

[The Grand Nudger]

No, it didn't, the pound hasn't dipped as low as it did today in 30 years.  That's a working generations worth of wealth evaporating in minutes.