The Brexit referendum thread: potential consequences for GB, EU and the Brits in CH

[marton]

	Quote:	Loz1983
	I haven't said it would be better off out of the EU. I think that boat has sailed, pardon the pun, and I don't think the fishing industry in the UK will ever recover in or out of the EU. My point was the EU pretty much screwed up the UK fishing industry. Whereas in Iceland, Greenland and Norway it thrived, precisely because they weren't members of the EU.

Difficult to find direct comparisons.

Since 1997 Icelandic fish catches have declined 40%
Source (page 14)

Since 1994 UK fish catches have declined 14%
Source

[amogles]

	Quote:	Faltrad
	Congratulations, you'll save the UK on your own after Brexit, provided Scotland stay in the UK. Does Mrs May know?

Seeing Scotland exports much of its salmon to England, I'm not expecting Scottish fisheries to jump on the EU's "punish Britain using tarriffs" bandwaggon. And this independently of whether Scotland stays in the UK or not.

I think all of the EU understands this, with the exception of Junker, Merkel and Faltrad.

[Faltrad]

	Quote:	amogles
	I think all of the EU understands this, with the exception of Junker, Merkel and Faltrad.

Oh, an anti German and personal attack, how sweet.

For the concept "export within a country", a feminine answer from Mrs May in Wonderland:

[marton]

	Quote:	Faltrad
	Oh, an anti German and personal attack, how sweet. For the concept "export within a country", a feminine answer from Mrs May in Wonderland:

It seems that some of the "Brexiters" are getting a bit uneasy now they see where we are and where we are (not) going; it will soon settle down as we drift into what looks to become a very long, boring and tedious process.

[Faltrad]

	Quote:	marton
	It seems that some of the "Brexiters" are getting a bit uneasy now.

If Brits get used to eating a lot of Scottish salmon to keep the fishing industry running, Brexit should go all right.

[Jim2007]

	Quote:	marton
	Difficult to find direct comparisons. Since 1997 Icelandic fish catches have declined 40% Source (page 14) Since 1994 UK fish catches have declined 14% Source

As I understand it fish consumption right across Europe has been in decline for well over 20 years, so that should not be too surprising!

[Urs Max]

	Quote:	Loz1983
	My point was the EU pretty much screwed up the UK fishing industry. Whereas in Iceland, Greenland and Norway it thrived, precisely because they weren't members of the EU.

Show your numbers, and remember to include data on fish in the seas in total (see Überfischung).

	Quote:	Urs Max
	Show your numbers, and remember to include data on fish in the seas in total (see Überfischung).

Where can I send my invoice if I do so?

[Faltrad]

	Quote:	Loz1983
	Where can I send my invoice if I do so?

UKIP,
Lexdrum House,
King Charles Business Park,
Newton Abbot, Devon
TQ12 6UT

[marton]

	Quote:	Faltrad
	If Brits get used to eating a lot of Scottish salmon to keep the fishing industry running, Brexit should go all right.

True but not much to do with our topic of fishing rights and fishermen. 90% of Scottish salmon comes from fish farms.

[Faltrad]

	Quote:	marton
	True but not much to do with our topic of fishing rights and fishermen. 90% of Scottish salmon comes from fish farms.

Don't let facts get in the way of fun - go and speak to a teacher in your free time if you want serious stuff and leave us alone with our own disney channel.

[Reb77Br]

"Take back control", they said.

"Carney: more than a quarter of a million people are now forecast to lose their jobs" (source: BBC Economics Editor, Kamal Ahmed)

Ireland moves to poach research talent from Britain in wake of Brexit

This really sums up the attitude of a lot of Brexiters commenting on pro-Remain Facebook pages (e.g. Scientists for EU, Britain Stronger in Europe, Keep Britain in the EU, Reasons2Remain):
People who blamed everything on EU before referendum now angry if anything blamed on Brexit

[JagWaugh]

So, was the BOE interest rate cut too much, or too little?

[marton]

Three Brexit ministers - Mr Johnson, the foreign secretary, David Davis, the Brexit secretary, and Liam Fox, international trade secretary.

I wonder how they will divide the Brexit work between them, who does what?

David Davis has the title Brexit secretary so could take the lead but only a third of the people in the Foreign Office European directorate moved over to him. Consequently Boris has more "European" people and anyway is the more senior in the Cabinet hierarchy.

Lots of scope for disputes over responsibilities

	Quote:	JagWaugh
	So, was the BOE interest rate cut too much, or too little?

The expected drop in the rate of economic growth of 75% has been met head on by creating 120 billion GBP and dropping interest rates, just like that. And the banks have been ordered to make sure it is spent. Reminds me of Japan in the 90's.

[marton]

	Quote:	JagWaugh
	So, was the BOE interest rate cut too much, or too little?

It is now the lowest for 322 years

The BOE Governor Carney told reporters in London today. “Indicators have all fallen sharply, in most cases to levels last seen in the financial crisis, and in some cases to all-time lows.”

"“a majority of members expect to support a further cut in bank rate to its effective lower bound” later this year"

The central bank cut its growth forecast for next year (for the third time this year ) to 0.8 percent from 2.3 percent and lowered its 2018 prediction to 1.8 percent from 2.3 percent.

The easing arrives amid mounting signs that quitting the EU is having an adverse impact on the U.K. economy.

My answer is that rates were not cut enough and will be cut again.

[Sbrinz]

I really hope Mrs May keeps a grain of common sense and does not continue with Brexit. The Referendum was not binding on the government, and it's time to accept that Brexit will cause a deep and long depression, before Britain can be turned around again.

[Blueangel]

In the last week or so, I've seen two former colleagues who voted Leave, whinging their traps off on facey B about holiday money exchange rates. They still can't join the dots though. One of them keeps posting photos of her 'adult colouring in', and in my head I'm screaming... "Get a freakin' dot to dot book you imbecile!!!"

[Pachyderm]

	Quote:	marton
	It seems that some of the "Brexiters" are getting a bit uneasy now they see where we are and where we are (not) going; it will soon settle down as we drift into what looks to become a very long, boring and tedious process.

It's not clear who you're referring to there, but as a Leave voter, I'm well aware -- and always have been -- that the negotiation process with the EU will take at least 2 years. I don't know anyone, on either side, who expected this to be quick. Naturally, there is uncertainty, and that uncertainty will create more volatility than normal. Despite this expected lack of clarity, the FTSE is still higher than where we were on the Monday after the referendum. It may not stay up there, but so be it. It's when things dip that opportunities arise.

Let's see where we are in 5 years, not 5 weeks.

[Pachyderm]

	Quote:	Blueangel
	In the last week or so, I've seen two former colleagues who voted Leave, whinging their traps off on facey B about holiday money exchange rates. They still can't join the dots though. One of them keeps posting photos of her 'adult colouring in', and in my head I'm screaming... "Get a freakin' dot to dot book you imbecile!!!"

Swings and roundabouts. Sure, a weak pound may well affect holiday spending money but tell them to look at what it's done for the value of their pension pots. Mine is worth 10% more than what it was after the referendum weekend.