Current Affairs EU In or Out

[roydo]

It feels that way

Like this was a practice go

Reckon folk would be better informed. Which is a sad reflection on everyone I guess.

 

[LouReedwalkonthewildside]

Reckon folk would be better informed. Which is a sad reflection on everyone I guess.

If remain had had a more balanced campaign, instead of making every point they put across sounding like Armageddon, we would still be in the EU.

 

[roydo]

If remain had had a more balanced campaign, instead of making every point they put across sounding like Armageddon, we would still be in the EU.

Aye, you are probably right there.

But then again, if the Leave campaign had been a bit more up front about some of the more bonkers stuff they said, we might be as well.

 

[LouReedwalkonthewildside]

Aye, you are probably right there.

But then again, if the Leave campaign had been a bit more up front about some of the more bonkers stuff they said, we might be as well.

Agree, the leave campaign was laughable.

Also, thought the remain camp should have had a go at confronting the immigration question more, instead of avoiding it.

 

[dandydan]

And yet another shadow cabinet minister you've likely never heard of has just quit.

 

[Yid4life]

Still think my Lib Dem idea had legs!

 

[bobbydigital]

Agree, the leave campaign was laughable.

Also, thought the remain camp should have had a go at confronting the immigration question more, instead of avoiding it.

Agree mate. The average family being 4,300 pounds worse off a year was probably taken as a lie. Same with the claims about the NHS money.
People probably just thought that both sides are lying so who cares. Hopefully the remainers were lying too.

 

[Zezti]

Screw the experts, though.
https://www.moodys.com/research/Moo...-sovereign-rating-to-negative-from--PR_350566

London, 24 June 2016 -- Moody's Investors Service has today changed the outlook on the UK's long term issuer and debt ratings to negative from stable. Both ratings are affirmed at Aa1.

Today's rating action reflects the following key drivers:

1. The majority vote in favour of leaving the European Union (EU) (Aaa, Stable) in the referendum held on 23 June will herald a prolonged period of uncertainty for the UK, with negative implications for the country's medium-term growth outlook. During the several years in which the UK will have to renegotiate its trade relations with the EU, Moody's expects heightened uncertainty, diminished confidence and lower spending and investment to result in weaker growth. Over the longer term, should the UK not be able to secure a favourable alternative trade arrangement with the EU and other countries, the UK's growth prospects would be materially weaker than currently expected.

2. While the UK's institutional framework will not change, Moody's considers that policy predictability and effectiveness of economic policy-making -- an important aspect of institutional strength - might be somewhat diminished as a consequence of the vote. The UK government will not only need to negotiate the UK's departure from the EU but will likely also aim to embark on significant changes to the UK's immigration policy, broader trade policies and regulatory policies. While we consider the UK's institutional strength to be very high, the challenges for policymakers and officials will be substantial.

3. As a consequence of the weaker GDP growth outlook and institutional strength, the UK's public finances will also likely be weaker than Moody's has assumed so far. In Moody's view, the negative effect from lower economic growth will outweigh the fiscal savings from the UK no longer having to contribute to the EU budget. The UK government has one of the largest budget deficits among advanced economies, and lower GDP growth will further complicate the implementation of the government's multi-year fiscal consolidation plan. Consequently, the public debt ratio will likely remain higher than the rating agency previously expected.

Concurrent with the rating action on the sovereign, Moody's has also changed the outlook to negative for the Aa1 rating of the Bank of England from stable. The Aa1/P-1 ratings were affirmed. The UK's long-term and short-term foreign and local-currency bond and deposit ceilings remain unchanged at Aaa/ P-1.

*waits for a leaver to say "It's all 'maybe's and 'could be's! it means nothing!"
It means quite a lot. A loss of confidence due to unpredictability means less investment.

 

[LouReedwalkonthewildside]

Still think my Lib Dem idea had legs!

Problem is though

 

[The Esk]

Screw the experts, though.
https://www.moodys.com/research/Moo...-sovereign-rating-to-negative-from--PR_350566


*waits for a leaver to say "It's all 'maybe's and 'could be's! it means nothing!"
It means quite a lot. A loss of confidence due to unpredictability means less investment.

Thanks Moody's. Word for word

@Old Blue 2 @peteblue

 

[neil999]

I assume Paul nuttall is a kopite?

*prays

 

[hktoffee]

I always ask why out? I am crying...I become a poorer person because of the referendum result.

 

[LouReedwalkonthewildside]

I assume Paul nuttall is a kopite?

*prays

Yep he's a RS fan, he was at the game at Hillsborough.

 

[MikeEFC1878x]

Most of these so called expert's wanted us to join the euro also, people have become wise to it that is why people voted out. I feel if the was a positive case made from remain we would of voted in.

 

[roydo]

Thanks Moody's. Word for word

@Old Blue 2 @peteblue

Moodys and S&P gave Equitable Life a AAA+ rating for years. Even after the CEO of Standard Life, Scott Bell, suggested they take a closer look after he took a peek at their With Profits funds in a pre cursor to maybe buying them.