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

[MadDad]

	Quote:	Medea Fleecestealer
	In your dreams. It's coming whether you like it or not.

I agree. Sometimes the light at the end of the tunnel really is just an oncoming train (crash!#!)

[fatmanfilms]

	Quote:	TobiasM
	Nope, he really believes that a post EU Britain will be just like Switzerland. It's comical. Of course the EU are going to tell Britain "Ja das ist i.O. it works for the Swiss and you too have plenty of tax havens, thats great, so of course we'd be happy to just make a copy of the Swiss deal".

To put in perspective how badly UK did in the EU verses it's prospects now just look at the return of the FTSE100. From the 1st trading day of 2000 until today. The return since the BREXIT vote exceeds the growth in the previous 16.5 years. The £ was also worth less than today V the € during that period in question.

The markets believe the UK will undoubtedly do better out of the EU.

[Uncle Max]

	Quote:	fatmanfilms
	To put in perspective how badly UK did in the EU verses it's prospects now just look at the return of the FTSE100. From the 1st trading day of 2000 until today. The return since the BREXIT vote exceeds the growth in the previous 16.5 years. The £ was also worth less than today V the € during that period in question. The markets believe the UK will undoubtedly do better out of the EU.

The markets are not the economy and the money doesn't circulate in the society in which it was created. The economy is screwed, austerity will continue for another decade and the people are suffering. The EU actually helped the poorest in society, unlike the Chancellor. Keep focusing on the value of your portfolio, though, but who cares about some greedy blokes opinion when he offers no solutions?

Take care. We're all we have.

	Quote:	fatmanfilms
	To put in perspective how badly UK did in the EU verses it's prospects now just look at the return of the FTSE100. From the 1st trading day of 2000 until today. The return since the BREXIT vote exceeds the growth in the previous 16.5 years. The £ was also worth less than today V the € during that period in question. The markets believe the UK will undoubtedly do better out of the EU.

As has been stated many times before and the markets know full well, the FTSE 100 movement is almost wholly down to the drop in value of the £ since the vote.

This article gives a view on that
http://www.moneyobserver.com/our-ana...rency-tailwind

	Quote:	Uncle Max
	The markets are not the economy and the money doesn't circulate in the society in which it was created. The economy is screwed, austerity will continue for another decade and the people are suffering. The EU actually helped the poorest in society, unlike the Chancellor. Keep focusing on the value of your portfolio, though, but who cares about some greedy blokes opinion when he offers no solutions? Take care. We're all we have.

Where to start? Austerity has nothing to do with Brexit. Besides, Germany has been pushing austerity on the eurozone for years.

Oh, and the EU doesn't help the poorest in society.

[Uncle Max]

	Quote:	Loz1983
	Where to start? Austerity has nothing to do with Brexit. Besides, Germany has been pushing austerity on the eurozone for years. Oh, and the EU doesn't help the poorest in society.

Wrong
Double Wrong
and
Yeah, and according to you there's no such thing as austerity, so whatever.

[fatmanfilms]

	Quote:	Uncle Max
	The markets are not the economy and the money doesn't circulate in the society in which it was created. The economy is screwed, austerity will continue for another decade and the people are suffering. The EU actually helped the poorest in society, unlike the Chancellor. Keep focusing on the value of your portfolio, though, but who cares about some greedy blokes opinion when he offers no solutions? Take care. We're all we have.

I care to differ, the markets show how Britain is doing, the more money they make the pore they can expand & the more they can pay out to shareholders to spend money in the economy.
The lower paid have dropped out of the tax rate at the fastest rate ever under the conservatives.

I lost a couple of 'friends' on face book over the weekend. I observed all the people with 'left' views who were posting on my wall, those same people were not the nice & caring & friendly kids, they invariably were the nasty bullies. At a school fund raising reunion none of them would give £100 or more to charity, which I happily did.

[Urs Max]

	Quote:	Uncle Max
	Yeah, and according to you there's no such thing as austerity, so whatever.

So Loz actually said
"Besides, Germany has been pushing nothing on the eurozone for years."

[Urs Max]

	Quote:
	I care to differ, the markets show how Britain is doing, the more money they make the pore they can expand & the more they can pay out to shareholders to spend money in the economy. The lower paid have dropped out of the tax rate at the fastest rate ever under the conservatives.

The FTSE-100 consists of multinationals, by definition a big portion of their revenue and profits are generated abroad.

The FTSE-250 OTOH is a much better representative of the domestic economy as it consists of much more domestically-oriented companies. "Coincidentally" the FTSE-250 has tripled since Jan 2000.

[fatmanfilms]

	Quote:	Urs Max
	The FTSE-100 consists of multinationals, by definition a big portion of their revenue and profits are generated abroad. The FTSE-250 OTOH is a much better representative of the domestic economy as it consists of much more domestically-oriented companies. "Coincidentally" the FTSE-250 has tripled since Jan 2000.

Smaller higher risk companies will always give a better return than larger companies, however they employ significantly fewer people. You will also know as they grow & become ex growth they will leave the 250 index & join the FTSE100

FTSE 250 index represents less than 15% by market cap, so dubious at best to say it represents the economy better, those FTSE companies also export their goods.

[Uncle Max]

	Quote:	fatmanfilms
	I care to differ, the markets show how Britain is doing, the more money they make the pore they can expand & the more they can pay out to shareholders to spend money in the economy...

How to explain society in Britain falling into ever deeper crisis? Baffling, innit? Could be the Government, could be faeries at the bottom of the garden.

"Reduce the taxes! Increase the cuts!"

The people receiving shareholder value are not the poor. To consider it so is laughable.

Help a million people or make a million Dollars? - it seems 70% of people are 'Lefties'.

Have a nice day

So NI and Eire ?!? How willo that work out in real life? When you become so weak that the DUP runs your show - it's time to get seriously worried.

	Quote:
	So NI and Eire ?!? How willo that work out in real life? When you become so weak that the DUP runs your show - it's time to get seriously worried.

Sounds very much like NI will remain part of the single market and customs union. Does this mean the UK will just export stuff to the EU through NI?

Whatever, NI voted Remain. Question is how long it will be before Nicola Sturgeon pipes up demanding the same deal for Scotland.

	Quote:	Uncle Max
	The EU actually helped the poorest in society, unlike the Chancellor.

Is this actually true in EU places like Greece, Easter Bloc, etc., where they don't have the same said Chancellor? Or is Britain special?

	Quote:	Loz1983
	Sounds very much like NI will remain part of the single market and customs union. Does this mean the UK will just export stuff to the EU through NI? Whatever, NI voted Remain. Question is how long it will be before Nicola Sturgeon pipes up demanding the same deal for Scotland.

she has, tweeted it a few minutes ago ...can't blame her. Mind you Grimsby, Cornwall and many others have voted leave and now want exemption - doh

Oh wow - Arlene and Co ain't happy ... at all. Popcorn , 1 , 2 , 3 ...............................

	Quote:	Loz1983
	Sounds very much like NI will remain part of the single market and customs union. Does this mean the UK will just export stuff to the EU through NI? Whatever, NI voted Remain. Question is how long it will be before Nicola Sturgeon pipes up demanding the same deal for Scotland.

3...2...1 and she'd be right to.

[fatmanfilms]

	Quote:	Uncle Max
	How to explain society in Britain falling into ever deeper crisis? Baffling, innit? Could be the Government, could be faeries at the bottom of the garden. "Reduce the taxes! Increase the cuts!" The people receiving shareholder value are not the poor. To consider it so is laughable. Help a million people or make a million Dollars? - it seems 70% of people are 'Lefties'. Have a nice day

Perfectly happy to help people & have 1 million, those are not exclusive.
Would my help go to iPhone owning youth in the UK or do you think I can help far more in India & Africa with education?

Tax revenues increased in 1979 when max rate of tax drooped from 98% to 60% & the following year when it dropped to 40%. The poor paid a Base tax rate of 33% under old labour in 1978 with a tax free allowance of £720 & 20% base rate today with a tax free amount of £11,500. The poor have done extremely well out of the policy of lower taxes.

I believe the government must ALWAYS run a balanced budget, otherwise we are making our children & grand children pay, that is not fair to those future generations due to governments over indulgence today.

Malta has a Labour government, Max tax rate is 35%, very little social benefits & low unemployment PLUS a SURPLUS. Only spend what you can afford, it's really very basic.

[Urs Max]

	Quote:	fatmanfilms
	Smaller higher risk companies will always give a better return than larger companies, however they employ significantly fewer people. You will also know as they grow & become ex growth they will leave the 250 index & join the FTSE100

So you deliberately skewed the comparison by chosing a measure you know will underperform.

You just shot yourself in the foot

And thx for making my case.

[Blueangel]

	Quote:	Uncle Max
	The markets are not the economy and the money doesn't circulate in the society in which it was created. The economy is screwed, austerity will continue for another decade and the people are suffering.

Having returned this weekend from almost 4 weeks in the UK, what hit me the most was how the cost of some groceries was reaching parity with Swiss prices. I was looking at the cost of coffee and milk...basic stuff...and thinking "That's the same as I pay in Switzerland", then instantly doing a double take because I hadn't converted to CHF. The price on the shelf tag was the same numbers as it would be in CHF.

	Quote:	fatmanfilms
	I lost a couple of 'friends' on face book over the weekend. I observed all the people with 'left' views who were posting on my wall, those same people were not the nice & caring & friendly kids, they invariably were the nasty bullies. At a school fund raising reunion none of them would give £100 or more to charity, which I happily did.

Having just given almost the entire contents of my UK home to a local charity that I strongly believe in, perhaps 'your friends' objected to the charity concerned.

There are many charities that I won't give to because I know they take a huge cut for fundraising campaigns and directors' wages, and only a low percentage of the funds go to where you would hope it does. When our nephew died in September, my sis-in-law spent ages researching which cancer charities needed to most help and kept their overheads to a minimum. She nominated two of them for people to give to if they wanted to make a donation in her son's memory.

[fatmanfilms]

	Quote:	Blueangel
	Having returned this weekend from almost 4 weeks in the UK, what hit me the most was how the cost of some groceries was reaching parity with Swiss prices. I was looking at the cost of coffee and milk...basic stuff...and thinking "That's the same as I pay in Switzerland", then instantly doing a double take because I hadn't converted to CHF. The price on the shelf tag was the same numbers as it would be in CHF. Having just given almost the entire contents of my UK home to a local charity that I strongly believe in, perhaps 'your friends' objected to the charity concerned. There are many charities that I won't give to because I know they take a huge cut for fundraising campaigns and directors' wages, and only a low percentage of the funds go to where you would hope it does. When our nephew died in September, my sis-in-law spent ages researching which cancer charities needed to most help and kept their overheads to a minimum. She nominated two of them for people to give to if they wanted to make a donation in her son's memory.

No they are tight as hell, they were drinking Champagne that had been donated, the reunion was a fundraising charity event.