BREXIT - leave or remain?

[Shalcker]

You are making a drama out of simple situation. Nobody is forcing UK to be part of EU's free market at all cost. The main criterias are clearly defined and if UK can't follow them, EU will make a different deal with them, that's it.

People seem to think that UK will follow, and it will be "all or nothing"; that isn't obvious at all.

But if it will be "follow all (regulations, freedom of movement) or nothing" then i'd bet on "nothing" as final outcome.

[nextormento]

There was no 'currently' in his statement, seemed pretty categorical to me.

The wording is very specific because the Spanish position on the whole Scotland thing is very specific.
Spain is sympathetic to an independent Scotland if they don't secede unilaterally: they need consent from the UK (like they did with the referendum).
That Spain wants to block direct talks follows from that stance: Scotland doesn't have the competence if she is not an independent state.

[Shadowmelded]

The wording is very specific because the Spanish position on the whole Scotland thing is very specific.
Spain is sympathetic to an independent Scotland if they don't secede unilaterally: they need consent from the UK (like they did with the referendum).
That Spain wants to block direct talks follows from that stance: Scotland doesn't have the competence if she is not an independent state.

Exactly, they don't want to set a precedent of regions talking directly to the EU as that would embolden Catalonia and Basque.

[Deleted]

I, and many Brexiters I know knew that the £350m figure was bullshit. Both sides made up a lot of their statistics - the claim from the Remain campaign that every household in the UK would be £4,300 worse off was just as bad.

You do know that one is already true? the pound drop saw to that.

[Deleted]

That's a problem in itself, it should be way more than 51% but we can only take in so many immigrants a year (countries housing/infrastructure can only grow so fast) so we are forced to limit the non-EU immigration. The fact anyone from the EU is free to come here means we have to turn away people with the skills/knowledge we need in order to let in a random uneducated eastern European.

Hehh....so you can't get a new ceo from Canada because of a slovakian chef? That is so believable.....please just choose: the eastern europeans takes the jobs of the working class, they taking the experts jobs or they coming to take benefits....or all the three and they responsible for JFK as well...

[Ulmita]

Boris Johnson was uploaded to pornhub.

"Dumb British Blonde F*CKED 15 Million people at once"

Priceless, cant stop laughing.

https://twitter.com/TORItheGIRAFFE/status/748119575720529920/video/1

[Repefe]

People seem to think that UK will follow, and it will be "all or nothing"; that isn't obvious at all.

But if it will be "follow all (regulations, freedom of movement) or nothing" then i'd bet on "nothing" as final outcome.

I think ppl from EU have issue with ppl from UK, who think they will get even better deal to stay in the EU's free market. Even though it makes no sense and politicians from EU keep repeating it won't happen. And ofc there is the other side of the argument where ppl from UK have issue with ppl from EU, who think that UK will agree to the rules of EU's free market.

But the argument is not all or nothing. Either UK follows the rules and keeps being part of EU's free market or it will refuse and then UK and EU will make a different deal. That's it.

[Ulmita]

I think ppl from EU have issue with ppl from UK, who think they will get even better deal to stay in the EU's free market. Even though it makes no sense and politicians from EU keep repeating it won't happen. And ofc there is the other side of the argument where ppl from UK have issue with ppl from EU, who think that UK will agree to the rules of EU's free market.

But the argument is not all or nothing. Either UK follows the rules and keeps being part of EU's free market or it will refuse and then UK and EU will make a different deal. That's it.

Even if EU wanted to give Uk what they want, if they did they would encourage more countries to follow route, as they would strip the political power from brussels and keep the market.

There is no way this is happening or should happen.

[Tinch]

You do know that one is already true? the pound drop saw to that.

No its not. Just look at the analysis of it, it was highly misleading at best

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[Tinch]

You can't be forced to adopt EURO just like that. There are conditions that country have to successfully pass to be able to join EURO.

And if Scotland fail them, they can't join the EU surely?

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[Deleted]

You do know that one is already true? the pound drop saw to that.

I'd guess all these "market jitters" measures are not something to pin anything conclusive on, yet or maybe ever.

What will perhaps make people stop in their tracks is that it is quarter end tomorrow. If businesses start to announce the possibilities of redundancies because order books have suffered the shit will hit the fan.

Many don't care about share price and currency rollercoasters. Redundancy possibilities getting announced speaks to nearly everyone. Let's hope nothing like that starts in the next months while government gets their shit together.

[Repefe]

And if Scotland fail them, they can't join the EU surely?

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No, EU and EURO are two different things. EU is European Union and EURO/EUROZONE is monetary union withing EU.

[Roadblock]

So the EU is expected to have an extra ~5bn euros budget "hole" due to BRexit.

Pop Quiz for all the "highly-educated" BRemain supporters:
- What does that number represent?

Tip: Subtract the amount Britain gets from EU in the form of funding from the amount it contributes. (hence NET contributors in the diagram)

EU at its best: Pay us 5bn yearly to tell you where to spend your money.
That's some mighty fine consulting fee.

We know what Germany is "buying" with those 15bn a year... what was Britain buying?

[Tinch]

No, EU and EURO are two different things. EU is European Union and EURO/EUROZONE is monetary union withing EU.

And the EU state that every new member must adopt the euro?

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[ranzino]

You 'll need to apply for EURO. Even if you'd met the criteria EURO is not magically in your pocket.

[Repefe]

And the EU state that every new member must adopt the euro?

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Only 19 of the 28 states of EU have EURO. There is no pressure on anyone to adopt it.

[ranzino]

question remains which currency is Scotland using ? Are they entitled to keep GBP ?

[Shadowmelded]

And the EU state that every new member must adopt the euro?

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You just have to give a commitment to join but there's no way to enforce it. Sweden gave a commitment and twenty years later still haven't adopted it.

question remains which currency is Scotland using ? Are they entitled to keep GBP ?

We're using the Pound. Technically we'd be able to keep it but practically it would be difficult without a lender of last resort and leaving the Bank of England in charge of our currency isn't very appealing.

[TheTaurenOrc]

Only 19 of the 28 states of EU have EURO. There is no pressure on anyone to adopt it.

dare say its in the interest of the 19 that do, that they keep it that way.

[Slant]

Please enlighten us about how our country has 'crashed'.

So many people that can predict the future in this thread. All we know up to this point is that the markets have recovered, the pound is down and there are some more risks ahead due to the uncertainty before negotiations get underway.

Whether they come true or not no one knows, so lets stop pretending anyone knows exactly what is going to happen either way.

Your country hasn't crashed? You don't need to look into the future to realise that having what is effectively no leadership and markets reacting nervously is as close to a crash as you can get without actually doing irreparable damage.

Someone's in denial...