Re: Brexit Anyone? : Mon Jun 27, 2016 5:56 pm  

The Devil's Advocate wrote:

Apart from the FTSE losing £85bn in two days & the pound hitting a thirty year low against the dollar, coupled with a reported 57% increase in hate crime.

We have a minimum age to vote, the referendum shows we should also have a maximum. Nobody under 50 who works voted to leave. Those wanting a free ride and to bitch about "the geeeermans" did.

Disgusted in England

Re: Brexit Anyone? : Mon Jun 27, 2016 6:14 pm  

crumpledshorts wrote:

We have a minimum age to vote, the referendum shows we should also have a maximum. Nobody under 50 who works voted to leave. Those wanting a free ride and to bitch about "the geeeermans" did.

Disgusted in England

Don't bother with that , just introduce a ' Logan's Run ' uethanasia at what 50 ? , how about 45 ? , nah bugger it 30 will do

Re: Brexit Anyone? : Mon Jun 27, 2016 6:27 pm  

Imagine dying at 100 and losing your vote at 50, what makes anyone's vote more valid than anyone else's?

Re: Brexit Anyone? : Mon Jun 27, 2016 6:45 pm  

I don't get all the vitriol aimed at the voters. If you're looking for someone to blame, blame Cameron for being so out of touch and arrogant that he thought the remain outcome was a guaranteed certainty. The anger of the nation has been brewing for an age and the EU referendum was the perfect way to vent it. Anyone with half a clue could see a vote to leave coming a mile off.

Re: Brexit Anyone? : Mon Jun 27, 2016 6:55 pm  

King Street Cat wrote:

I don't get all the vitriol aimed at the voters. If you're looking for someone to blame, blame Cameron for being so out of touch and arrogant that he thought the remain outcome was a guaranteed certainty. The anger of the nation has been brewing for an age and the EU referendum was the perfect way to vent it. Anyone with half a clue could see a vote to leave coming a mile off.

This is true, and Cameron will be damned by the history books as a result. Unfortunately, we're all being damned by economics right now. Just finished day 2 of post-vote trading, and it's carnage on the market for British firms. The only reason today's FTSE 250 drop isn't a single-day record is that we already had the single-day record on Friday. I don't know what the picture's like up North, but I've already heard from two mates down here that their companies have had orders cancelled. And we haven't even invoked Article 50 yet. You know all those "experts" that utter lover Gove rubbished? Well, it turns out there was a reason they're called "experts". These aren't bumps in the road, so much as a gaping crevasse. My biggest fear is that the downgrades we've now had from those rogues and charlatans at the credit ratings agencies will cause the cost of borrowing to rise. Given our entire "recovery" since 2008 has been based on re-inflating the housing bubble and cheap credit, if interest rates have to rise, the pain will be intense.

Hold on to your hats. This will get worse.

Re: Brexit Anyone? : Mon Jun 27, 2016 7:10 pm  

Reality needs to stop scaremongering and listen to ordinary people like me.

Re: Brexit Anyone? : Mon Jun 27, 2016 7:16 pm  

vbfg wrote:

Reality needs to stop scaremongering and listen to ordinary people like me.

I really, really want to link to the Monty Python and the Holy Grail's Black Knight scene, on a popular video-sharing platform. That, right there, is the current Brexit response to having our legs and arms cut off!

Re: Brexit Anyone? : Mon Jun 27, 2016 7:28 pm  

Roy Haggerty wrote:

This is true, and Cameron will be damned by the history books as a result. Unfortunately, we're all being damned by economics right now. Just finished day 2 of post-vote trading, and it's carnage on the market for British firms. The only reason today's FTSE 250 drop isn't a single-day record is that we already had the single-day record on Friday. I don't know what the picture's like up North, but I've already heard from two mates down here that their companies have had orders cancelled. And we haven't even invoked Article 50 yet. You know all those "experts" that utter lover Gove rubbished? Well, it turns out there was a reason they're called "experts". These aren't bumps in the road, so much as a gaping crevasse. My biggest fear is that the downgrades we've now had from those rogues and charlatans at the credit ratings agencies will cause the cost of borrowing to rise. Given our entire "recovery" since 2008 has been based on re-inflating the housing bubble and cheap credit, if interest rates have to rise, the pain will be intense.

Hold on to your hats. This will get worse.

These lost orders being from Europe I assume ? , in what industry ?

Re: Brexit Anyone? : Mon Jun 27, 2016 7:48 pm  

Roy Haggerty wrote:

Hold on to your hats. This will get worse.

I work for a nationwide retailer (500 convenience stores across the country). Like for likes were -10% Friday/Saturday/Sunday. If we're anything like the rest of the high street, and I can't see why we shouldn't be, the country is in recession already, it just won't know it until it meets the official definition.

Re: Brexit Anyone? : Mon Jun 27, 2016 7:56 pm  

GUBRATS wrote:

These lost orders being from Europe I assume ? , in what industry ?

Not necessarily from Europe. British firms are also cancelling orders because they're expecting a big downturn, and so are hoarding cash. Anyway, one firm was logistics, the other in construction. On a separate note, my estate agent issued a profit warning, because they know the London housing market is due a collapse now the vote is Brexit. Negative equity all round. Cheers Nigel.

It's happening fast. That's just one man's anecdote, of course, but I'd be very surprised if I was the only one who was hearing of these experiences already, given the carnage in the financial markets. And we're only two trading days in, like I said.