Pounds down against the dollar, shares are falling and the decision to
leave isn't even made(1).

Well with a falling pound the exports might go up but it will cost us
more for energy (paid for in dollars), electrical goods, food, etc.

If that leads to inflation the BoE will raise interest rates which is
good for me but it won't be good for mortgage payers.

On the other hand if we can't export more and the unemployment rate goes
up there will be a recession and the BoE will have to reduce interest
rates which will push up house prices.

(1) Of course Scotland didn't vote to leave so the SNP MPs will probably
vote for leaving as might a large number of other MPs so we may not
leave anyway.

As they say we may be in for interesting times.

On 24/06/2016 10:00, dennis@home wrote:
Pounds down against the dollar, shares are falling and the decision to
leave isn't even made(1).

It has been now. The money market is run by back street bookies, the
pound will recover in a week.



--
Dave - The Medway Handyman

On Fri, 24 Jun 2016 10:00:27 +0100, dennis@home
wrote:

Pounds down against the dollar, shares are falling and the decision to
leave isn't even made(1).

Well with a falling pound the exports might go up but it will cost us
more for energy (paid for in dollars), electrical goods, food, etc.

Now I'll have to wait in hope the pound recovers before I buy the
remaining parts for my 3D printer from Germany but also before the
import duties / Vat go back on. ;-(

If that leads to inflation the BoE will raise interest rates which is
good for me but it won't be good for mortgage payers.

On the other hand if we can't export more and the unemployment rate goes
up there will be a recession and the BoE will have to reduce interest
rates which will push up house prices.

(1) Of course Scotland didn't vote to leave so the SNP MPs will probably
vote for leaving as might a large number of other MPs so we may not
leave anyway.

Un-united Kingdom when Scotland and NI leave?

As they say we may be in for interesting times.

So, 28% of the population didn't vote at all and of the 72% that did,
some spoiled their papers and many would have beet tactical or just a
coin toss, voting because they (thought they) had to vote one way or
the other. Few who voted actually know anything about politics in
general or could consider / understand the 'bigger picture' at all.

A further 15% of the population who are entitled to a vote aren't
registered to do so so the 6% bias to Leave was like being a 'World
Champion' ... where in fact you are only such because not everyone who
could be better was there on the day.

It was said that the Leave vote was a 'kick in the teeth for the
establishment' which may turn out to be them cutting off their (and
therefore our) noses off and little to do with the EU.

(Apparently) We are now the 6th largest economy in the world (down
one) and no one is giving us an AAA credit rating.

I really do hope the grass will be greener and ideally before I die.

Cheers, T i m

dennis@home wrote:
Pounds down against the dollar, shares are falling and the decision to
leave isn't even made(1).

Well with a falling pound the exports might go up but it will cost us
more for energy (paid for in dollars), electrical goods, food, etc.

If that leads to inflation the BoE will raise interest rates which is
good for me but it won't be good for mortgage payers.

On the other hand if we can't export more and the unemployment rate
goes up there will be a recession and the BoE will have to reduce
interest rates which will push up house prices.

(1) Of course Scotland didn't vote to leave so the SNP MPs will
probably vote for leaving as might a large number of other MPs so we
may not leave anyway.

As they say we may be in for interesting times.
The city traders are cutting their losses having guessed wrong.
Have you seen whats happened to the Euro?

On 24/06/2016 10:59, Capitol wrote:
dennis@home wrote:
Pounds down against the dollar, shares are falling and the decision to
leave isn't even made(1).

Well with a falling pound the exports might go up but it will cost us
more for energy (paid for in dollars), electrical goods, food, etc.

If that leads to inflation the BoE will raise interest rates which is
good for me but it won't be good for mortgage payers.

On the other hand if we can't export more and the unemployment rate
goes up there will be a recession and the BoE will have to reduce
interest rates which will push up house prices.

(1) Of course Scotland didn't vote to leave so the SNP MPs will
probably vote for leaving as might a large number of other MPs so we
may not leave anyway.

As they say we may be in for interesting times.
The city traders are cutting their losses having guessed wrong.
Have you seen whats happened to the Euro?

Yes its down *half* of what the pound is against the dollar.

On 24/06/16 10:00, dennis@home wrote:
Pounds down against the dollar, shares are falling and the decision to
leave isn't even made(1).

Well with a falling pound the exports might go up but it will cost us
more for energy (paid for in dollars), electrical goods, food, etc.

If that leads to inflation the BoE will raise interest rates which is
good for me but it won't be good for mortgage payers.

On the other hand if we can't export more and the unemployment rate goes
up there will be a recession and the BoE will have to reduce interest
rates which will push up house prices.

(1) Of course Scotland didn't vote to leave so the SNP MPs will probably
vote for leaving as might a large number of other MPs so we may not
leave anyway.

As they say we may be in for interesting times.

I view it as exciting times. The EU is ****ing people off. Now we have a
chance to make our own luck. Or not. But I'm glad we have a chance to
have a go.

dennis@home wrote:
On 24/06/2016 10:59, Capitol wrote:
dennis@home wrote:
Pounds down against the dollar, shares are falling and the decision to
leave isn't even made(1).

Well with a falling pound the exports might go up but it will cost us
more for energy (paid for in dollars), electrical goods, food, etc.

If that leads to inflation the BoE will raise interest rates which is
good for me but it won't be good for mortgage payers.

On the other hand if we can't export more and the unemployment rate
goes up there will be a recession and the BoE will have to reduce
interest rates which will push up house prices.

(1) Of course Scotland didn't vote to leave so the SNP MPs will
probably vote for leaving as might a large number of other MPs so we
may not leave anyway.

As they say we may be in for interesting times.
The city traders are cutting their losses having guessed wrong.
Have you seen whats happened to the Euro?

Yes its down *half* of what the pound is against the dollar.

That's just the start.

On 24/06/16 10:25, David Lang wrote:
On 24/06/2016 10:00, dennis@home wrote:
Pounds down against the dollar, shares are falling and the decision to
leave isn't even made(1).

It has been now. The money market is run by back street bookies, the
pound will recover in a week.

It probably will.


Some banker wakes up with a boil on his nads and the FTSE takes a dive.
It means nothing unless it is sustained.

On 24/06/16 10:35, T i m wrote:
On Fri, 24 Jun 2016 10:00:27 +0100, dennis@home
wrote:

Pounds down against the dollar, shares are falling and the decision to
leave isn't even made(1).

Well with a falling pound the exports might go up but it will cost us
more for energy (paid for in dollars), electrical goods, food, etc.

Now I'll have to wait in hope the pound recovers before I buy the
remaining parts for my 3D printer from Germany but also before the
import duties / Vat go back on. ;-(

You are already paying someone's VAT



So, 28% of the population didn't vote at all and of the 72% that did,

The biggest turnout in a full election since 1992 I believe, but quite a
margin over recent general elections, despite there being a monsoon over
many parts yesterday - that says something in itself.

some

0.08%

Wow...

spoiled their papers and many would have beet tactical or just a
coin toss, voting because they (thought they) had to vote one way or
the other. Few who voted actually know anything about politics in
general or could consider / understand the 'bigger picture' at all.

So you think the general public is unfit to be consulted? Off you go -
you'll fit right in with the unaccountable bureaucrats in the EU.

A further 15% of the population who are entitled to a vote aren't
registered to do so so the 6% bias to Leave was like being a 'World
Champion' ... where in fact you are only such because not everyone who
could be better was there on the day.

It was said that the Leave vote was a 'kick in the teeth for the
establishment' which may turn out to be them cutting off their (and
therefore our) noses off and little to do with the EU.

(Apparently) We are now the 6th largest economy in the world (down
one) and no one is giving us an AAA credit rating.

I really do hope the grass will be greener and ideally before I die.

Cheers, T i m

On 24/06/16 12:00, Tim Watts wrote:
On 24/06/16 10:00, dennis@home wrote:
Pounds down against the dollar, shares are falling and the decision to
leave isn't even made(1).

Well with a falling pound the exports might go up but it will cost us
more for energy (paid for in dollars), electrical goods, food, etc.

If that leads to inflation the BoE will raise interest rates which is
good for me but it won't be good for mortgage payers.

On the other hand if we can't export more and the unemployment rate goes
up there will be a recession and the BoE will have to reduce interest
rates which will push up house prices.

(1) Of course Scotland didn't vote to leave so the SNP MPs will probably
vote for leaving as might a large number of other MPs so we may not
leave anyway.

As they say we may be in for interesting times.

I view it as exciting times. The EU is ****ing people off. Now we have a
chance to make our own luck. Or not. But I'm glad we have a chance to
have a go.

Yup. Its like the collapse of the USSR. The people who had something to
offer, did well. The lefty****s who sat around all day drinking in state
council flats at dreary state supplied makework jobs ended up running
the EU.



--
"It is an established fact to 97% confidence limits that left wing
conspirators see right wing conspiracies everywhere"

On 24/06/16 12:08, Tim Watts wrote:
On 24/06/16 10:35, T i m wrote:
On Fri, 24 Jun 2016 10:00:27 +0100, dennis@home
wrote:

Pounds down against the dollar, shares are falling and the decision to
leave isn't even made(1).

Well with a falling pound the exports might go up but it will cost us
more for energy (paid for in dollars), electrical goods, food, etc.

Now I'll have to wait in hope the pound recovers before I buy the
remaining parts for my 3D printer from Germany but also before the
import duties / Vat go back on. ;-(

You are already paying someone's VAT



So, 28% of the population didn't vote at all and of the 72% that did,

The biggest turnout in a full election since 1992 I believe, but quite a
margin over recent general elections, despite there being a monsoon over
many parts yesterday - that says something in itself.

some

0.08%

Wow...

spoiled their papers and many would have beet tactical or just a
coin toss, voting because they (thought they) had to vote one way or
the other. Few who voted actually know anything about politics in
general or could consider / understand the 'bigger picture' at all.

So you think the general public is unfit to be consulted? Off you go -
you'll fit right in with the unaccountable bureaucrats in the EU.


Dover is that way===

A further 15% of the population who are entitled to a vote aren't
registered to do so so the 6% bias to Leave was like being a 'World
Champion' ... where in fact you are only such because not everyone who
could be better was there on the day.

It was said that the Leave vote was a 'kick in the teeth for the
establishment' which may turn out to be them cutting off their (and
therefore our) noses off and little to do with the EU.

(Apparently) We are now the 6th largest economy in the world (down
one) and no one is giving us an AAA credit rating.


And Germany is now the 7th? Well they should have listened when we
voiced valid concerns.

I really do hope the grass will be greener and ideally before I die.

Cheers, T i m


Oh so you aren't going to get a rubber dinghy and migrate to France as a
refugee then?

Oh: I forgot. They are violently xenophobic aren't they, as well as
massively socialist. That sucks baby.


--
"It is an established fact to 97% confidence limits that left wing
conspirators see right wing conspiracies everywhere"

On 24/06/16 12:16, The Natural Philosopher wrote:

Yup. Its like the collapse of the USSR. The people who had something to
offer, did well.

As did the people with something to take aka most of the oligarchs

The lefty****s who sat around all day drinking in state
council flats at dreary state supplied makework jobs ended up running
the EU.

On 24/06/16 12:28, Tim Watts wrote:
On 24/06/16 12:16, The Natural Philosopher wrote:

Yup. Its like the collapse of the USSR. The people who had something to
offer, did well.

As did the people with something to take aka most of the oligarchs

The lefty****s who sat around all day drinking in state
council flats at dreary state supplied makework jobs ended up running
the EU.

Oh yes, you can be sure that the Blairs and the Kinnocks have plenty
stashed away in offshore bank accounts.

And banks will foreclose on peasant farmers across Club Med and turn the
family farms into agribusinesses.

But at least the EUSSR didn't go as far as having all industry in state
ownership.


--
€œIt is hard to imagine a more stupid decision or more dangerous way of
making decisions than by putting those decisions in the hands of people
who pay no price for being wrong.€�

Thomas Sowell

On Fri, 24 Jun 2016 12:08:23 +0100, Tim Watts
wrote:

snip

Now I'll have to wait in hope the pound recovers before I buy the
remaining parts for my 3D printer from Germany but also before the
import duties / Vat go back on. ;-(

You are already paying someone's VAT

I am? See, shows how little I know about it all ...



So, 28% of the population didn't vote at all and of the 72% that did,

The biggest turnout in a full election since 1992 I believe, but quite a
margin over recent general elections, despite there being a monsoon over
many parts yesterday - that says something in itself.

True.

some

0.08%

Wow...


spoiled their papers and many would have beet tactical or just a
coin toss, voting because they (thought they) had to vote one way or
the other.

No, I think you have tried to merge the things there. *I* wasn't
splitting spoilt papers from coin ******* or tactical voters.

Few who voted actually know anything about politics in
general or could consider / understand the 'bigger picture' at all.

So you think the general public is unfit to be consulted?

As part of what we currently call 'democracy, no, of course not. Could
a vast majority of the great unwashed fully know and understand the
implications of their 'decision', then no *of course* and anyone who
thought otherwise would be deluded (IMHO).

Ask 100 voters at any polling station some *very basic* political
questions and see for yourself.

It's like asking your workforce if they want higher wages without
telling them (or giving the opportunity to find out) that doing so
will bankrupt the company. You have given a child a loaded gun to play
with.

Off you go -
you'll fit right in with the unaccountable bureaucrats in the EU.

Quite the opposite. I'm not saying I know the answers, I'm suggesting
most 'ordinary people' don't either yet are given the opportunity of
changing it for everyone. I didn't make a positive vote because I have
enough intellect to be 100% sure I don't know what would be best for
everyone. Casting a coin toss vote (and that's all I've seen people
doing so far, given few have had any facts or can predict the future)
makes me no better than them. That's (our) democracy though.


A further 15% of the population who are entitled to a vote aren't
registered to do so so the 6% bias to Leave was like being a 'World
Champion' ... where in fact you are only such because not everyone who
could be better was there on the day.

No comment on that I notice. So I'm guessing you are happy your
democratic decision is only chosen by a minority of the voting
population?

Again, I'm not blaming you for that or suggesting I have a better
solution (apart from the NOTA option on the ballot paper) and I know
that is how it works but I'd not really count such a close (and
potentially uneducated, unrepresentative) count as a clear indication
of anything.

And it is *very* obvious that a poll of all the people of the *United
Kingdom* in no way reflects the opinions of the individual kingdoms
(and why Scotland and possibly NI want out of us and back in the EU)?

Who assumed they would want the same things we want ffs?

Cheers, T i m

On 24/06/2016 12:00, Capitol wrote:

Yes its down *half* of what the pound is against the dollar.

That's just the start.

I hope not cos if the pound drops by twice as much we will need a bail
out from the EU and we won't get one.

On 24/06/16 13:24, dennis@home wrote:
On 24/06/2016 12:00, Capitol wrote:

Yes its down *half* of what the pound is against the dollar.

That's just the start.

I hope not cos if the pound drops by twice as much we will need a bail
out from the EU and we won't get one.

Pound already halfway back against the dollar.

Meanwhile BP says 'OK, if that's the way it is, we will stay in the UK,
and adapt to it'

http://www.upstreamonline.com/live/1...te-brexit-vote



--
"The great thing about Glasgow is that if there's a nuclear attack it'll
look exactly the same afterwards."

Billy Connolly

On 24/06/16 13:02, T i m wrote:
On Fri, 24 Jun 2016 12:08:23 +0100, Tim Watts
wrote:

snip

Now I'll have to wait in hope the pound recovers before I buy the
remaining parts for my 3D printer from Germany but also before the
import duties / Vat go back on. ;-(

You are already paying someone's VAT

I am? See, shows how little I know about it all ...

Well... The EU is not about paying no VAT. It's about not being done
twice for VAT (or being done twice and having to claim back one or the
other).

I'm all for treaties to make trading easier. But not treaties that then
tell us how we may and may not apply our own VAT.




So, 28% of the population didn't vote at all and of the 72% that did,

The biggest turnout in a full election since 1992 I believe, but quite a
margin over recent general elections, despite there being a monsoon over
many parts yesterday - that says something in itself.

True.

some

0.08%

Wow...


spoiled their papers and many would have beet tactical or just a
coin toss, voting because they (thought they) had to vote one way or
the other.

No, I think you have tried to merge the things there. *I* wasn't
splitting spoilt papers from coin ******* or tactical voters.

Sorry.


Few who voted actually know anything about politics in
general or could consider / understand the 'bigger picture' at all.

So you think the general public is unfit to be consulted?

As part of what we currently call 'democracy, no, of course not. Could
a vast majority of the great unwashed fully know and understand the
implications of their 'decision', then no *of course* and anyone who
thought otherwise would be deluded (IMHO).

Ask 100 voters at any polling station some *very basic* political
questions and see for yourself.

It's like asking your workforce if they want higher wages without
telling them (or giving the opportunity to find out) that doing so
will bankrupt the company. You have given a child a loaded gun to play
with.

Off you go -
you'll fit right in with the unaccountable bureaucrats in the EU.

Quite the opposite. I'm not saying I know the answers, I'm suggesting
most 'ordinary people' don't either yet are given the opportunity of
changing it for everyone. I didn't make a positive vote because I have
enough intellect to be 100% sure I don't know what would be best for
everyone. Casting a coin toss vote (and that's all I've seen people
doing so far, given few have had any facts or can predict the future)
makes me no better than them. That's (our) democracy though.

No one has enough intellect to be sure - not even the politicians and
university academics - the fact you clearly thought about it more than
shows your vote was (or would have been) qualified.

The reason you and I should vote is not that we can gauarantee the best
outcome (no one can be sure). It's because WE get to live with the result.

Sure - "OUT" is risky. But I think it's good for Britain to take a risk
and get off its butt and start trying to figure out its place in the
world. Staying "IN" for me just meant years more whining about how the
EU were shafting us one way or another. Now they're re not going to be
able to shaft us (and have us say thanks you sir, can I have some more)
- we are going to have to go out by ourselves and live with the result.

And I feel quite optimistic about that.



A further 15% of the population who are entitled to a vote aren't
registered to do so so the 6% bias to Leave was like being a 'World
Champion' ... where in fact you are only such because not everyone who
could be better was there on the day.

No comment on that I notice.

Not intentionally - I just ran out of time.

So I'm guessing you are happy your
democratic decision is only chosen by a minority of the voting
population?

Majority.

If you mean the margin was a minority of the electorate, then that's
going to be tricky to avoid (and a bit suspect - like a stereotypical
USSR election with 100% votes for the party man).


Again, I'm not blaming you for that or suggesting I have a better
solution (apart from the NOTA option on the ballot paper) and I know
that is how it works but I'd not really count such a close (and
potentially uneducated, unrepresentative) count as a clear indication
of anything.

And it is *very* obvious that a poll of all the people of the *United
Kingdom* in no way reflects the opinions of the individual kingdoms
(and why Scotland and possibly NI want out of us and back in the EU)?

Who assumed they would want the same things we want ffs?


Indeed - and if the Scots want to have another referendum to leave the
UK, that's up to them. Opens up some thorny issues about the border with
England - but not impossible to resolve.

On 24/06/16 13:32, The Natural Philosopher wrote:
On 24/06/16 13:24, dennis@home wrote:
On 24/06/2016 12:00, Capitol wrote:

Yes its down *half* of what the pound is against the dollar.

That's just the start.

I hope not cos if the pound drops by twice as much we will need a bail
out from the EU and we won't get one.

Pound already halfway back against the dollar.

Meanwhile BP says 'OK, if that's the way it is, we will stay in the UK,
and adapt to it'

http://www.upstreamonline.com/live/1...te-brexit-vote

I suspect many more will follow suit. It might even be in, eg Google's
favour to have a major office in the EU and another next door, but
technically outside it. And they already work across multiple
jurisdictions, so one more won't hurt them.


Remember, the UK is VERY well connected, network wise, has a stable, if
sometimes inept system of government, is geographically convenient for
lots of places. So no big reason to be running away.

On 24/06/2016 13:32, The Natural Philosopher wrote:
On 24/06/16 13:24, dennis@home wrote:
On 24/06/2016 12:00, Capitol wrote:

Yes its down *half* of what the pound is against the dollar.

That's just the start.

I hope not cos if the pound drops by twice as much we will need a bail
out from the EU and we won't get one.

Pound already halfway back against the dollar.

Meanwhile BP says 'OK, if that's the way it is, we will stay in the UK,
and adapt to it'

Some investment banks are already moving jobs out.
Morgan Stanley have announced the move of 2000 jobs to Ireland/Frankfurt.

We will just have to wait and see.

On 24/06/16 14:01, Tim Watts wrote:
On 24/06/16 13:32, The Natural Philosopher wrote:
On 24/06/16 13:24, dennis@home wrote:
On 24/06/2016 12:00, Capitol wrote:

Yes its down *half* of what the pound is against the dollar.

That's just the start.

I hope not cos if the pound drops by twice as much we will need a bail
out from the EU and we won't get one.

Pound already halfway back against the dollar.

Meanwhile BP says 'OK, if that's the way it is, we will stay in the UK,
and adapt to it'

http://www.upstreamonline.com/live/1...te-brexit-vote


I suspect many more will follow suit. It might even be in, eg Google's
favour to have a major office in the EU and another next door, but
technically outside it. And they already work across multiple
jurisdictions, so one more won't hurt them.

ARM and Astra Zeneca are up overall, presumably because a weak pound
makes them internationally competitive.


Remember, the UK is VERY well connected, network wise, has a stable, if
sometimes inept system of government, is geographically convenient for
lots of places. So no big reason to be running away.

Well exactly, but they haven't run out of bluffs quite yet.

--
Canada is all right really, though not for the whole weekend.

"Saki"

On 24/06/16 14:10, dennis@home wrote:
On 24/06/2016 13:32, The Natural Philosopher wrote:
On 24/06/16 13:24, dennis@home wrote:
On 24/06/2016 12:00, Capitol wrote:

Yes its down *half* of what the pound is against the dollar.

That's just the start.

I hope not cos if the pound drops by twice as much we will need a bail
out from the EU and we won't get one.

Pound already halfway back against the dollar.

Meanwhile BP says 'OK, if that's the way it is, we will stay in the UK,
and adapt to it'

Some investment banks are already moving jobs out.
Morgan Stanley have announced the move of 2000 jobs to Ireland/Frankfurt.


Well we know who was behind.....then

We will just have to wait and see.



--
Canada is all right really, though not for the whole weekend.

"Saki"

On 24/06/16 14:10, dennis@home wrote:
On 24/06/2016 13:32, The Natural Philosopher wrote:
On 24/06/16 13:24, dennis@home wrote:
On 24/06/2016 12:00, Capitol wrote:

Yes its down *half* of what the pound is against the dollar.

That's just the start.

I hope not cos if the pound drops by twice as much we will need a bail
out from the EU and we won't get one.

Pound already halfway back against the dollar.

Meanwhile BP says 'OK, if that's the way it is, we will stay in the UK,
and adapt to it'

Some investment banks are already moving jobs out.
Morgan Stanley have announced the move of 2000 jobs to Ireland/Frankfurt.

We will just have to wait and see.


Plenty of them moved 1000's of jobs to India before. And then moved them
back.

The Natural Philosopher wrote:
On 24/06/16 13:24, dennis@home wrote:
On 24/06/2016 12:00, Capitol wrote:

Yes its down *half* of what the pound is against the dollar.

That's just the start.

I hope not cos if the pound drops by twice as much we will need a bail
out from the EU and we won't get one.

Pound already halfway back against the dollar.

Meanwhile BP says 'OK, if that's the way it is, we will stay in the
UK, and adapt to it'

http://www.upstreamonline.com/live/1...te-brexit-vote





Bp's income is in dollars. The UK operating costs are in pounds,
it's a no brainer to stay. BP is cutting back more on it's US
trading/refining operations, partly because of operating costs.

On 24/06/2016 14:16, The Natural Philosopher wrote:
On 24/06/16 14:10, dennis@home wrote:
On 24/06/2016 13:32, The Natural Philosopher wrote:
On 24/06/16 13:24, dennis@home wrote:
On 24/06/2016 12:00, Capitol wrote:

Yes its down *half* of what the pound is against the dollar.

That's just the start.

I hope not cos if the pound drops by twice as much we will need a bail
out from the EU and we won't get one.

Pound already halfway back against the dollar.

Meanwhile BP says 'OK, if that's the way it is, we will stay in the UK,
and adapt to it'

Some investment banks are already moving jobs out.
Morgan Stanley have announced the move of 2000 jobs to Ireland/Frankfurt.


Well we know who was behind.....then

More paranoia?


Apparently since the poll closed lots of people in the uk have been
putting "whats the EU" into google. Which just shows that the vote was
not about leaving the EU in many peoples minds.

There has been a big spike in "how to buy bitcoins and gold".

There has also been a lot of searches for how to emigrate.

On 24/06/2016 14:22, Tim Watts wrote:
On 24/06/16 14:10, dennis@home wrote:
On 24/06/2016 13:32, The Natural Philosopher wrote:
On 24/06/16 13:24, dennis@home wrote:
On 24/06/2016 12:00, Capitol wrote:

Yes its down *half* of what the pound is against the dollar.

That's just the start.

I hope not cos if the pound drops by twice as much we will need a bail
out from the EU and we won't get one.

Pound already halfway back against the dollar.

Meanwhile BP says 'OK, if that's the way it is, we will stay in the UK,
and adapt to it'

Some investment banks are already moving jobs out.
Morgan Stanley have announced the move of 2000 jobs to Ireland/Frankfurt.

We will just have to wait and see.


Plenty of them moved 1000's of jobs to India before. And then moved them
back.

They were call centres, these aren't.
It means the financial services they were doing are also going along
with the invisible earning.

In article ,
Tim Watts wrote:
Some investment banks are already moving jobs out. Morgan Stanley have
announced the move of 2000 jobs to Ireland/Frankfurt.

We will just have to wait and see.


Plenty of them moved 1000's of jobs to India before. And then moved them
back.

Is India in the EU now? You live and learn.

--
*If you try to fail and succeed, which have you done? *

Dave Plowman London SW
To e-mail, change noise into sound.

On 24/06/16 15:34, Dave Plowman (News) wrote:
In article ,
Tim Watts wrote:
Some investment banks are already moving jobs out. Morgan Stanley have
announced the move of 2000 jobs to Ireland/Frankfurt.

We will just have to wait and see.


Plenty of them moved 1000's of jobs to India before. And then moved them
back.

Is India in the EU now? You live and learn.


Gawd.

What I said was that businesses move jobs on a whim or a fad and they
just as easily move them again (sometimes back) later.

MS could just as easily be creating more jobs in England in the next 10
years when/if it decides maybe a non EU European presence might be useful.

dennis@home wrote:
There has also been a lot of searches for how to emigrate.


When are you going?

In article ,
Tim Watts wrote:
On 24/06/16 15:34, Dave Plowman (News) wrote:
In article ,
Tim Watts wrote:
Some investment banks are already moving jobs out. Morgan Stanley have
announced the move of 2000 jobs to Ireland/Frankfurt.

We will just have to wait and see.


Plenty of them moved 1000's of jobs to India before. And then moved them
back.

Is India in the EU now? You live and learn.


Gawd.

What I said was that businesses move jobs on a whim or a fad and they
just as easily move them again (sometimes back) later.

Gawd.

The point was investment banks etc *have* to have premises in the EU to
trade in the EU. If the UK no longer has access to that market, just why
would they need to keep premises here? Perhaps as well as in the EU?


MS could just as easily be creating more jobs in England in the next 10
years when/if it decides maybe a non EU European presence might be
useful.

Great. 10 years isn't long to wait. England could be a third world country
by then.

--
*Virtual reality is its own reward *

Dave Plowman London SW
To e-mail, change noise into sound.

"dennis@home" wrote in message
web.com...
On 24/06/2016 13:32, The Natural Philosopher wrote:
On 24/06/16 13:24, dennis@home wrote:
On 24/06/2016 12:00, Capitol wrote:

Yes its down *half* of what the pound is against the dollar.

That's just the start.

I hope not cos if the pound drops by twice as much we will need a bail
out from the EU and we won't get one.

Pound already halfway back against the dollar.

Meanwhile BP says 'OK, if that's the way it is, we will stay in the UK,
and adapt to it'

Some investment banks are already moving jobs out.
Morgan Stanley have announced the move of 2000 jobs to Ireland/Frankfurt.

Oh,

so some city wanksters are going to lose their jobs

poor dears

tim

In article ,
tim... wrote:
Some investment banks are already moving jobs out. Morgan Stanley have
announced the move of 2000 jobs to Ireland/Frankfurt.

Oh,

so some city wanksters are going to lose their jobs

poor dears

Very good. And the places they spend their inflated salaries in? And so on?

--
*WHAT IF THERE WERE NO HYPOTHETICAL QUESTIONS?

Dave Plowman London SW
To e-mail, change noise into sound.

On 24/06/16 17:59, Dave Plowman (News) wrote:
In article ,
tim... wrote:
Some investment banks are already moving jobs out. Morgan Stanley have
announced the move of 2000 jobs to Ireland/Frankfurt.

Oh,

so some city wanksters are going to lose their jobs

poor dears

Very good. And the places they spend their inflated salaries in? And so on?


I've never been persuaded by the trickle-down argument.

On 24/06/16 15:21, dennis@home wrote:
On 24/06/2016 14:16, The Natural Philosopher wrote:
On 24/06/16 14:10, dennis@home wrote:
On 24/06/2016 13:32, The Natural Philosopher wrote:
On 24/06/16 13:24, dennis@home wrote:
On 24/06/2016 12:00, Capitol wrote:

Yes its down *half* of what the pound is against the dollar.

That's just the start.

I hope not cos if the pound drops by twice as much we will need a bail
out from the EU and we won't get one.

Pound already halfway back against the dollar.

Meanwhile BP says 'OK, if that's the way it is, we will stay in the UK,
and adapt to it'

Some investment banks are already moving jobs out.
Morgan Stanley have announced the move of 2000 jobs to
Ireland/Frankfurt.


Well we know who was behind.....then

More paranoia?


Apparently since the poll closed lots of people in the uk have been
putting "whats the EU" into google. Which just shows that the vote was
not about leaving the EU in many peoples minds.

There has been a big spike in "how to buy bitcoins and gold".

There has also been a lot of searches for how to emigrate.


Oh yes, My friend who is in touch with lots of lefty poodles says they
think they will be murdered in their beds by rampant neo nazis. I spent
almost 5 minutes laughing.

AS if they were even important.


--
"Women actually are capable of being far more than the feminists will
let them."

On Friday, 24 June 2016 10:00:26 UTC+1, dennis@home wrote:
Pounds down against the dollar, shares are falling and the decision to
leave isn't even made(1).

Well with a falling pound the exports might go up but it will cost us
more for energy (paid for in dollars), electrical goods, food, etc.

If that leads to inflation the BoE will raise interest rates which is
good for me but it won't be good for mortgage payers.

On the other hand if we can't export more and the unemployment rate goes
up there will be a recession and the BoE will have to reduce interest
rates which will push up house prices.

(1) Of course Scotland didn't vote to leave so the SNP MPs will probably
vote for leaving as might a large number of other MPs so we may not
leave anyway.

As they say we may be in for interesting times.

Ah, so I'll pay my solar PV panels off sooner!

On Friday, 24 June 2016 13:02:02 UTC+1, T i m wrote:
On Fri, 24 Jun 2016 12:08:23 +0100, Tim Watts
wrote:

snip

Now I'll have to wait in hope the pound recovers before I buy the
remaining parts for my 3D printer from Germany but also before the
import duties / Vat go back on. ;-(

You are already paying someone's VAT

I am? See, shows how little I know about it all ...



So, 28% of the population didn't vote at all and of the 72% that did,

The biggest turnout in a full election since 1992 I believe, but quite a
margin over recent general elections, despite there being a monsoon over
many parts yesterday - that says something in itself.

True.

some

0.08%

Wow...


spoiled their papers and many would have beet tactical or just a
coin toss, voting because they (thought they) had to vote one way or
the other.

No, I think you have tried to merge the things there. *I* wasn't
splitting spoilt papers from coin ******* or tactical voters.

Few who voted actually know anything about politics in
general or could consider / understand the 'bigger picture' at all.

So you think the general public is unfit to be consulted?

As part of what we currently call 'democracy, no, of course not. Could
a vast majority of the great unwashed fully know and understand the
implications of their 'decision', then no *of course* and anyone who
thought otherwise would be deluded (IMHO).

Ask 100 voters at any polling station some *very basic* political
questions and see for yourself.

It's like asking your workforce if they want higher wages without
telling them (or giving the opportunity to find out) that doing so
will bankrupt the company. You have given a child a loaded gun to play
with.

Off you go -
you'll fit right in with the unaccountable bureaucrats in the EU.

Quite the opposite. I'm not saying I know the answers, I'm suggesting
most 'ordinary people' don't either yet are given the opportunity of
changing it for everyone. I didn't make a positive vote because I have
enough intellect to be 100% sure I don't know what would be best for
everyone. Casting a coin toss vote (and that's all I've seen people
doing so far, given few have had any facts or can predict the future)
makes me no better than them. That's (our) democracy though.


The so called economists don't know the future either.
So the view of the man in the street is as valid as anyone else's.

On Friday, 24 June 2016 13:49:18 UTC+1, Tim Watts wrote:
On 24/06/16 13:02, T i m wrote:
On Fri, 24 Jun 2016 12:08:23 +0100, Tim Watts
wrote:

snip

Now I'll have to wait in hope the pound recovers before I buy the
remaining parts for my 3D printer from Germany but also before the
import duties / Vat go back on. ;-(

You are already paying someone's VAT

I am? See, shows how little I know about it all ...

Well... The EU is not about paying no VAT. It's about not being done
twice for VAT (or being done twice and having to claim back one or the
other).

I'm all for treaties to make trading easier. But not treaties that then
tell us how we may and may not apply our own VAT.




So, 28% of the population didn't vote at all and of the 72% that did,

The biggest turnout in a full election since 1992 I believe, but quite a
margin over recent general elections, despite there being a monsoon over
many parts yesterday - that says something in itself.

True.

some

0.08%

Wow...


spoiled their papers and many would have beet tactical or just a
coin toss, voting because they (thought they) had to vote one way or
the other.

No, I think you have tried to merge the things there. *I* wasn't
splitting spoilt papers from coin ******* or tactical voters.

Sorry.


Few who voted actually know anything about politics in
general or could consider / understand the 'bigger picture' at all.

So you think the general public is unfit to be consulted?

As part of what we currently call 'democracy, no, of course not. Could
a vast majority of the great unwashed fully know and understand the
implications of their 'decision', then no *of course* and anyone who
thought otherwise would be deluded (IMHO).

Ask 100 voters at any polling station some *very basic* political
questions and see for yourself.

It's like asking your workforce if they want higher wages without
telling them (or giving the opportunity to find out) that doing so
will bankrupt the company. You have given a child a loaded gun to play
with.

Off you go -
you'll fit right in with the unaccountable bureaucrats in the EU.

Quite the opposite. I'm not saying I know the answers, I'm suggesting
most 'ordinary people' don't either yet are given the opportunity of
changing it for everyone. I didn't make a positive vote because I have
enough intellect to be 100% sure I don't know what would be best for
everyone. Casting a coin toss vote (and that's all I've seen people
doing so far, given few have had any facts or can predict the future)
makes me no better than them. That's (our) democracy though.

No one has enough intellect to be sure - not even the politicians and
university academics - the fact you clearly thought about it more than
shows your vote was (or would have been) qualified.

The reason you and I should vote is not that we can gauarantee the best
outcome (no one can be sure). It's because WE get to live with the result.

Sure - "OUT" is risky. But I think it's good for Britain to take a risk
and get off its butt and start trying to figure out its place in the
world. Staying "IN" for me just meant years more whining about how the
EU were shafting us one way or another. Now they're re not going to be
able to shaft us (and have us say thanks you sir, can I have some more)
- we are going to have to go out by ourselves and live with the result.

And I feel quite optimistic about that.



A further 15% of the population who are entitled to a vote aren't
registered to do so so the 6% bias to Leave was like being a 'World
Champion' ... where in fact you are only such because not everyone who
could be better was there on the day.

No comment on that I notice.

Not intentionally - I just ran out of time.

So I'm guessing you are happy your
democratic decision is only chosen by a minority of the voting
population?

Majority.

If you mean the margin was a minority of the electorate, then that's
going to be tricky to avoid (and a bit suspect - like a stereotypical
USSR election with 100% votes for the party man).


Again, I'm not blaming you for that or suggesting I have a better
solution (apart from the NOTA option on the ballot paper) and I know
that is how it works but I'd not really count such a close (and
potentially uneducated, unrepresentative) count as a clear indication
of anything.

And it is *very* obvious that a poll of all the people of the *United
Kingdom* in no way reflects the opinions of the individual kingdoms
(and why Scotland and possibly NI want out of us and back in the EU)?

Who assumed they would want the same things we want ffs?


Indeed - and if the Scots want to have another referendum to leave the
UK, that's up to them. Opens up some thorny issues about the border with
England - but not impossible to resolve.

They've had their referendum. End of story.

"tim..." wrote in message ...
Oh,

so some city wanksters are going to lose their jobs

poor dears

Turn you down, did they ?

Was this before they explained that before applying you'd need a good first
degree and an MBA under your belt - four years in total along with a loan
of around £40-£50k.

Or maybe you never even got that far.

Did the receptionist call a security guard and have you escorted
off the premises?

Which can make some people bitter, I suppose.


michael adams

....

On 24/06/2016 18:17, Tim Watts wrote:
On 24/06/16 17:59, Dave Plowman (News) wrote:
In article ,
tim... wrote:
Some investment banks are already moving jobs out. Morgan Stanley have
announced the move of 2000 jobs to Ireland/Frankfurt.

Oh,

so some city wanksters are going to lose their jobs

poor dears

Very good. And the places they spend their inflated salaries in? And
so on?


I've never been persuaded by the trickle-down argument.

Where do you think the cash comes from to pay McDonald's staff and other
services from if it isn't trickle down?

On 24/06/2016 17:59, Dave Plowman (News) wrote:
In article ,
tim... wrote:
Some investment banks are already moving jobs out. Morgan Stanley have
announced the move of 2000 jobs to Ireland/Frankfurt.

Oh,

so some city wanksters are going to lose their jobs

poor dears

Very good. And the places they spend their inflated salaries in? And so on?

Like pushing up house prices in and around London and also places like
Cornwall and Devon ?.

On 24/06/2016 19:00, dennis@home wrote:
On 24/06/2016 18:17, Tim Watts wrote:
On 24/06/16 17:59, Dave Plowman (News) wrote:
In article ,
tim... wrote:
Some investment banks are already moving jobs out. Morgan Stanley have
announced the move of 2000 jobs to Ireland/Frankfurt.

Oh,

so some city wanksters are going to lose their jobs

poor dears

Very good. And the places they spend their inflated salaries in? And
so on?


I've never been persuaded by the trickle-down argument.

Where do you think the cash comes from to pay McDonald's staff and other
services from if it isn't trickle down?

Certainly *not* from overpaid city gamblers. Do MacDonalds put
edible gold leaf on their burgers, or sell champagne at £250
a bottle to attract JP Morgan employees ?.