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RE: Petition: second referendum for leaving the EU
June 25, 2016 at 11:30 am
(This post was last modified: June 25, 2016 at 11:30 am by abaris.)
Oh yes. Trickle down. As in diarrhea trickling down. It won't be good for people, only for a select few, as Reagan's model already showed. Next time in the pub, you might tell your pint, that just got more expensive that this is a good thing.
Apart from the fact the exports won't suddenly skyrocket to make up for the losses.
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RE: Petition: second referendum for leaving the EU
June 25, 2016 at 11:31 am
(June 25, 2016 at 11:26 am)Allanon Wrote: (June 25, 2016 at 11:19 am)Tiberius Wrote: Signed the petition.
Not sure what fantasy world "leave" supporters live in, but no, the pound losing value is not a good thing. It might help some exports, but it won't help the rest of the economy, it won't help regular people, and...oh right, you just voted to leave a powerful trading block, so that export help might be short lived.
Some exports??? The pound is lower so any item exported at the previous price will make more profit after exchange OR they could lower the items price to sell more, in both cases bringing in more money! More money in means possible opportunities for more jobs and investment. How is that not good for business and good for people in general?
You forget imports, or do you really think the UK is self sustainable?
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RE: Petition: second referendum for leaving the EU
June 25, 2016 at 12:49 pm
The negotiations will take at least two years and if this buyer's remorse takes hold one can easily see this becoming an election issue. As I understand it the referendum is non binding so Parliament has to reverse a number of laws. Plenty of time for people to come to their senses.
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RE: Petition: second referendum for leaving the EU
June 25, 2016 at 12:56 pm
(This post was last modified: June 25, 2016 at 12:57 pm by abaris.)
(June 25, 2016 at 12:49 pm)Minimalist Wrote: The negotiations will take at least two years and if this buyer's remorse takes hold one can easily see this becoming an election issue.
The two years period isn't established as of yet. There is no precedence and, according to the news, the EU already keeps their lawyers busy in looking for a considerably shorter period. In short, they want to be shot of the UK, the sooner the better.
For what it's worth. Fat chance for another helping of UK cherry picking, since the EU has to make an example out of this. There are many countries having to deal with their very own nationalists. And the last thing they need is to be seens as being lenient on secession.
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RE: Petition: second referendum for leaving the EU
June 25, 2016 at 1:09 pm
Negotiations require both sides to be on the same page otherwise they can drag on forever. And the agreement must be ratified by Parliament. Again, if the reaction in Britain was "okay - we lost. We're leaving," that would be one thing. But it seems that there is blowback building.
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RE: Petition: second referendum for leaving the EU
June 25, 2016 at 1:18 pm
(This post was last modified: June 25, 2016 at 1:19 pm by abaris.)
(June 25, 2016 at 1:09 pm)Minimalist Wrote: Negotiations require both sides to be on the same page otherwise they can drag on forever. And the agreement must be ratified by Parliament. Again, if the reaction in Britain was "okay - we lost. We're leaving," that would be one thing. But it seems that there is blowback building.
Yeah, but you're not privy to the inner workings of the EU. Even if it is the whole mile with 2 years, fat chance of granting the UK anymore favors. They will have to take the backseat at every given opportunity, they will have no influence whatsoever and there already have been official statements of it being unthinkable that they take on the EU presidency in 2017.
So, yes, they may stall. But that certainly wouldn't work in their favor, since there already were strong sentiments against the UK getting sweet deals whenever Cameron showed up at Brussels. This period is definetely over, unless all the other EU representatives are bound to fly a suicide mission.
They will get the ass end at every given opportunity. Out of a sheer instinct of self preservation, since as I said, there are quite a lot strong nationalist parties in Europe. And they would not hesitate to cash in on a british success.
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RE: Petition: second referendum for leaving the EU
June 25, 2016 at 1:21 pm
(This post was last modified: June 25, 2016 at 1:23 pm by The Grand Nudger.)
-continuing, in the larger picture...relations with russia are soured, don't expect any favors there. That leaves the US and China, and I wonder how many leavers want -that- kind of "help"? We certainly "helped" ourselves to a good part of your wealth short selling you on the first day of trade after the vote.
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RE: Petition: second referendum for leaving the EU
June 25, 2016 at 1:22 pm
(June 25, 2016 at 11:26 am)Allanon Wrote: (June 25, 2016 at 11:19 am)Tiberius Wrote: Signed the petition.
Not sure what fantasy world "leave" supporters live in, but no, the pound losing value is not a good thing. It might help some exports, but it won't help the rest of the economy, it won't help regular people, and...oh right, you just voted to leave a powerful trading block, so that export help might be short lived.
Some exports??? The pound is lower so any item exported at the previous price will make more profit after exchange OR they could lower the items price to sell more, in both cases bringing in more money! More money in means possible opportunities for more jobs and investment. How is that not good for business and good for people in general?
So, items making more profit after exchange is very short term, because it only affects products exported before the crash.
Selling more items at a lower price does not necessarily mean more money. Are you forgetting that the cost to produce items will remain the same?
Imports will be more expensive because the pound isn't worth as much anymore. The UK imports more than it exports, so we're going to lose money.
Inflation is a likely outcome as well. The money you have in your pocket is now worth less than it was a few days ago. Prices will go up to compensate.
So no, I don't think any of this is good for business, or for people. What is good for everyone is when the pound is stable.
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