Miscellaneous News

Equation

Lieutenant General
Tourism will be up yes, but the side effect will be to make the housing shortage in much of the UK even worse.

And manufacturing exports will not see much of a boost, as why bother to make manufacturing investments if you don't know that you can sell those exports to the EU in the future?

It's a similar situation to that of Russia, which has seen a huge devaluation but no significant increase in exports because businesses are afraid that they can't sell their products because of EU sanctions.

But at least UK fisherman and sea food industries gets to keep fishing in their island and export them without having to sacrifice some of their meager fortune for the sake of EU.
 

Yvrch

Junior Member
Registered Member
Tourism will be up yes, but the side effect will be to make the housing shortage in much of the UK even worse.

And manufacturing exports will not see much of a boost, as why bother to make manufacturing investments if you don't know that you can sell those exports to the EU in the future?

It's a similar situation to that of Russia, which has seen a huge devaluation but no significant increase in exports because businesses are afraid that they can't sell their products because of EU sanctions.


Not all doom and gloom.

UK housing prices are set to fall, so people who actually live there could afford to buy one.

Unlike Russia, UK has a lot of products people all over the world buy, so they have a lot to offer. Example cars, advertising.

EU, especially the eurozone, has its own set of yuge problems so I doubt they would go extra miles to just smite UK for packing up and leave.
 

AndrewS

Brigadier
Registered Member
Breaking News

EU referendum: UK's EU commissioner Lord Hill to resign
The UK's European Commissioner Lord Hill is to stand down, saying "what is done cannot be undone" after the UK voted to leave the European Union.
...
He said he did not believe it was right for him to carry on with his work as the commissioner in charge of financial services.
...
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I've already heard of one banking department being fired en-masse as they're being relocated to Germany. Plus there have been a number of just plain silly EU financial directives in the past years that will no longer be blocked by the UK.
 

Equation

Lieutenant General
Great. A few thousand fisherman get some more fish.

The UK is not Iceland or Greenland which live off their fish exports.

That a few thousand more jobs added to the local economy. You mean to tell me that the locals are willing to sacrifice some part of their economy just for the sake of other EU unity members could fish in their own back yard?o_O
 

AndrewS

Brigadier
Registered Member
Housing prices will fall yes, but the number of jobs will also decline over the next 2 years.

Most car manufacturing in the UK is based around exports to Europe. So go figure.

Plus the EU needs the UK to be seen to suffer, otherwise certain other countries will get the same idea.
 

Equation

Lieutenant General
Now Londoners wants to depart from the UK? Now keep in mind most Londoners voted to stay within the EU (around 60%).

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London (AFP) - Tens of thousands of Londoners signed a petition for their metropolis to stay in the European Union on Friday, as Mayor Sadiq Khan said the city must have a say in Britain's exit negotiations.

More than 40,000 people signed a petition on the change.org website saying: "Declare London independent from the UK and apply to join the EU".

While Britain voted 52 percent in favour of leaving the EU in Thursday's referendum, 60 percent of Londoners voted for Britain to stay.

"London is an international city, and we want to remain at the heart of Europe," the petition said.

"Let's face it -- the rest of the country disagrees. So rather than passive aggressively vote against each other at every election, let's make the divorce official and move in with our friends on the continent.

"This petition is calling on Mayor Sadiq Khan to declare London independent, and apply to join the EU," it said.

Khan himself issued a statement on the negotiations for Britain's departure from the EU.

"It is crucial that London has a voice at the table during those renegotiations, alongside Scotland and Northern Ireland," the pro-EU mayor said.

"Although we will be outside the EU, it is crucial that we remain part of the single market," he said.

"Leaving the single market of 500 million people -- with its free-trade benefits -- would be a mistake. I will be pushing the government to ensure this is the cornerstone of the negotiations with the EU," he said.

Another petition entitled "London to remain part of the European Union" garnered over 9,000 signatures on change.org, saying the vote to leave the EU was "a vital decision that we don't agree with".

A Twitter account @London_Stays was also quickly set up and many people tweeted under the hashtag #londonstays in the wake of the vote.

"Really hoping we're just out, not out out," said Katy Ball. Another user tweeting as @ldn_republic wrote: "No longer British but a Londoner".

"I am now officially all for Scottish independence, a united Ireland and the City-State of London," Clare Fenwick tweeted.

Besides London, Scotland and Northern Ireland were the only other parts of the UK where a majority voted in favour of Britain staying in the EU

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Yvrch

Junior Member
Registered Member
Housing prices will fall yes, but the number of jobs will also decline over the next 2 years.

Most car manufacturing in the UK is based around exports to Europe. So go figure.

Plus the EU needs the UK to be seen to suffer, otherwise certain other countries will get the same idea.

There are always losers and winners in every political outcome.
You can't avoid that.
What you do with that outcome is what matters now, not what could have been , should have been or would have been.
UK is a developed country, with considerable technological and knowledge base. You guys will survive.
 

AndrewS

Brigadier
Registered Member
Sigh

A UK exit from the EU will almost certainly trigger Scottish independence.

And surviving is not the same as thriving.

I'll probably make way more money because of Brexit, but I still voted remain because it was best for the country (which includes all those little Englanders on benefits living off my taxes and who voted out)
 

Yvrch

Junior Member
Registered Member
Sigh

A UK exit from the EU will almost certainly trigger Scottish independence.

And surviving is not the same as thriving.

I'll probably make way more money because of Brexit, but I still voted remain because it was best for the country (which includes all those little Englanders on benefits living off my taxes and who voted out)

Certainly.
Status quo is pretty much guaranteed to be gone.

All the toy models I have seen have different percentage points assigned across a timeline, but as Yellen said there currently is no clear way of knowing exactly what the overall outcome would be, either positive or negative in different time scale. Smart money have stayed sideline throughout. For an event at this scale, it went down with a certain degree of British orderliness. No liquidity crisis.

If China plays it well, she could be one of the real winners out of this mess, or opportunity.
 
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