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REFERENDUM RESULTS AND DISCUSSION THREAD

Teresa May.

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Markets, whilst down, don't appear to be showing the apocalypse promised. London just over 5% down (no worse than we have had for other 'crises') - some sectors hit harder than others i.e. Banks as would be expected.

Gold prices up - again expected.

Sterling value hit harder, but seem to be recovering a little.

As to Nicola Sturgeon & another referendum am surprised she has come out this early - immediate responses don't always make for good policy (though she may feel that her best chance of a win is to go early in case it all settles down & her electorate lose their anger)

She has gone early because she knows she is going to win.

I would say the losses were absolutely horrendous. The Banks have lost thirty percent of their value. As the UK still owns quite a chunk of many of those banks that is really bad news.

Sterling is "recovering" is a very kind view. It has stopped absolutely collapsing because Mark Carney has made $250 billion available to try and shore it up. I still think there is a strong possibility of having to devalue the pound in the near future.

Of course gold is up - the ultimate safe haven in an economic storm.
 
Teresa May, although quietly, backed the wrong horse. She won't get the leadership. Frankly I have no idea who will. As long as it isn't Boris.

Thank fuck Farage isn't an MP. He would be demanding a cabinet table seat.
 
The pound is still stronger against the Euro than it was 2 years ago. The worry is how weak it is against the dollar.
 
I'm hoping Boris is this generation's Michael Heseltine - a man so desperate to become leader that his own party seem to take a perverse pleasure in disappointing him.
 
The pound is still stronger against the Euro than it was 2 years ago. The worry is how weak it is against the dollar.
And the Yen, And Ruanmbi (or however you pronounce it)

The Dollar rate is a huge plunge. The fact that it isn't reflected in the Euro is a sign that this is damaging to Europe as well.
 
I feel sick, physically sick. Well done to a generation which had every single advantage of post-war Western society handed to them and now wants that drawbridge pulled up. But most of all well done to David Cameron for taking a ridiculous, selfish gamble so he could dick about with the internal squabbling in his own party at the expense of people who don't even vote for you. Shame on you and you will go down with a terrible, terrible legacy - and rightly so.

I don't 'have my country back'. I now live somewhere that is set on a political and social path that I want no part of. Thanks Dave.
 
There is no majority any more.

The Conservative Party is completely split on this and no amount of nice words is likely to change that. The Remain side will give a Brexit leader a shoeing, and Cameron is a lame duck all the way to the Conservative conference.

The wounds will heal, as they have before. And if Cameron is a lame duck, which I do not necessarily agree with, then the Labour leader will not be sitting easily. The result of the refendum will see major changes in both the Labour and Conservative parties.
 
This is my only post on this thread. It was a fair vote 50/50, no other options. So the ones that have lost have to deal with it. I would say exactly the same if it had been the other way way round.
 
Sounds daft but this country feels different to me this morning, think I've misunderstood how the people of Britain view Europe and politics.
I'm trying not to but simply can't help feel anger to the majority of over 65's who have voted the way they did, I include my own family members in that to.
For me it's such an inward looking decision.
 
How does that work?

Do the MP's vote and if a certain % say "yeah he is shit" he is dumped?

I am not sure on the constitution of the Labour Party, whether it is decided by MP's, party members or both. TSB could answer that better than me.

In all my years of interest in politics, I have never known a day like today.
 
Sadiq Khan talking to Sturgeon about wanting to be independent too....fucking hilarious.
 
Cameron's quest to win an election by offering a referendum on the EU will end with the probable break up of the United Kingdom.

Cameron said: “You could end up with an alliance between the people who want to bankrupt Britain and the people who want to break up Britain.”
 
I am not sure on the constitution of the Labour Party, whether it is decided by MP's, party members or both. TSB could answer that better than me.

In all my years of interest in politics, I have never known a day like today.

If its MP's he might as well pack his bags now. If it's Party Members he will be safe.
 
Two Labour MPs have submitted a motion of no confidence in Labour leader Jeremy Corbyn.
Margaret Hodge and Ann Coffey confirmed the move in a letter to the chairman of the Parliamentary Labour Party.
The motion has no formal constitutional force but calls for a discussion at their next PLP meeting on Monday.
It will be up to the PLP chairman to decide whether it is debated. If accepted it would be followed by a secret ballot of Labour MPs on Tuesday.
 
I wouldn't say party politics but I think a lot of people I've spoken to my sort of age, old school friends and such, seem to have misplaced the blame for a lot of things and seem to believe everything they don't like at the moment is down to immigrants or the EU, rather than decisions made by the UK government, so that's lead them to vote out thinking that when Britain stands alone all the evils will be cleared, whereas really a lot of what's annoying them will still remain as it's bought about by our own government.

In other words, ignorance? It might not be popular among some posters here but I don't much care - very many, possibly even the majority voted leave out of ignorance. I even had my sister telling on FB she voted leave and joking that she hopes the Germans don't throw me out, well I hope the company she works for doesn't do too much business with the EU because if she finds herself out of work within the next few years she'll be on the streets with the precarious situation she's already in.
 
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