EU Referendum: The result and aftermath...

[Howardh]

Great. Lloyds bank increases profits, but will be closing branches + job losses and blames Brexit. Even as a Remainer I can't see how that one works. Sure most of us do stuff on-line/phone but my local branch in Bolton (one of three) is always busy - but I can't see it surviving.
Might be moving the family's money out of LLoyds except for a working current account. Now, where to move the cash to, Northern R......

 

[radamfi]

Great. Lloyds bank increases profits, but will be closing branches + job losses and blames Brexit. Even as a Remainer I can't see how that one works. Sure most of us do stuff on-line/phone but my local branch in Bolton (one of three) is always busy - but I can't see it surviving.
Might be moving the family's money out of LLoyds except for a working current account. Now, where to move the cash to, Northern R......

I'm actually surprised there are still so many bank branches around. Opening hours have been extended a lot too compared to the past. The nearest Lloyds to here is now open until 4.30 each weekday whereas it only used to open for a few hours a week. Town centre branches are now open similar hours to high street shops.

Lloyds have a loss leading current account, paying 4%, which enables you to have a monthly saver account at 3%, but why else would anyone have money with Lloyds?

 

[burneside]

What kind of connection is there with the referendum? None maybe.

McDonalds say they're investing because of the Brexit decision.

http://www.itv.com/news/2016-07-27/mcdonalds-to-create-5-000-new-jobs-because-of-brexit/

"In the run up to the referendum we were warned that a vote to leave the EU would lead to a significant rise in unemployment but today McDonalds announced it is creating 5,000 jobs.

The company needs more people because of a £600m investment its franchise managers are making, overhauling its 1,250 British restaurants. It's an investment that the UK chief executive, Paul Pomroy, told me is being accelerated because of the vote to Leave."

The article also reports pharmaceuticals company GlaxoSmithKline has announced new investment of £275million in its UK operations (despite the company being part of the project fear campaign before the referendum).

 

[TheGrandWazoo]

McDonalds say they're investing because of the Brexit decision.

http://www.itv.com/news/2016-07-27/mcdonalds-to-create-5-000-new-jobs-because-of-brexit/

"In the run up to the referendum we were warned that a vote to leave the EU would lead to a significant rise in unemployment but today McDonalds announced it is creating 5,000 jobs.

The company needs more people because of a £600m investment its franchise managers are making, overhauling its 1,250 British restaurants. It's an investment that the UK chief executive, Paul Pomroy, told me is being accelerated because of the vote to Leave."

In the interests of balance, you should quote some more of the article...

McDonalds sailed through the last downturn and has experienced 10 years of uninterrupted sales growth but Pomroy says the result of the referendum has unsettled customers and staff.

"People still want to eat out and treat themselves," he said, "but post an event like Brexit their demands are heightened. They're feeling more fragile in terms of their confidence and so we need to keep investing."

 

[TheKnightWho]

McDonalds say they're investing because of the Brexit decision.

http://www.itv.com/news/2016-07-27/mcdonalds-to-create-5-000-new-jobs-because-of-brexit/

"In the run up to the referendum we were warned that a vote to leave the EU would lead to a significant rise in unemployment but today McDonalds announced it is creating 5,000 jobs.

The company needs more people because of a £600m investment its franchise managers are making, overhauling its 1,250 British restaurants. It's an investment that the UK chief executive, Paul Pomroy, told me is being accelerated because of the vote to Leave."

The article also reports pharmaceuticals company GlaxoSmithKline has announced new investment of £275million in its UK operations (despite the company being part of the project fear campaign before the referendum).

The part you quote from the article doesn't say they invested because of the decision. That's a seriously favourable interpretation, and reading the article is completely unfounded.

It seems they've invested in spite of it.

 

[Mvann]

http://reaction.life/remainers-maginot-line-single-market-myth-1/

 

[TheKnightWho]

http://reaction.life/remainers-maginot-line-single-market-myth-1/

Totally misleading, given it ignores the size of the single market itself with regards to its members; that's not just a rookie error, but seems to be wilfully disingenuous. Not a very good article, really...

In the face of overwhelming economic evidence to the contrary, post-hoc rationalisations on questionable grounds with little economic basis continue, in an attempt to satisfy the egos of those who voted for the real economic issues we are facing (which have no indications that they are temporary, as argued by some).

 

[Mvann]

It did actually point out that the government had no data and it is using what info could be gleaned from OECD and EU data

It is Also working on the fact that the uk export % to EU has dropped from 65% to 45% and was likely to drop further even before the referendum. We also only have a trade deficit with EU and no one else

 

[TheKnightWho]

It did actually point out that the government had no data and it is using what info could be gleaned from OECD and EU data

It is Also working on the fact that the uk export % to EU has dropped from 65% to 45% and was likely to drop further even before the referendum. We also only have a trade deficit with EU and no one else

We have an overall trade deficit. If we only have a trade deficit with the EU that means we are extremely reliant on the EU. The dropping £ against the € is therefore terrible news.

 

[Mvann]

Who to? Europe. If things start getting expensive people won't buy the big items. As a lot of big items come from Europe, that would mean less imports from Europe. Conversely our exports become cheaper in Europe. So our export % and value will increase.

 

[TheKnightWho]

Who to? Europe. If things start getting expensive people won't buy the big items. As a lot of big items come from Europe, that would mean less imports from Europe. Conversely our exports become cheaper in Europe. So our export % and value will increase.

Who to? Overall. We import a lot more than we export - that is what a trade deficit is. The falling pound makes things more expensive from everywhere - who our largest trading partners are is irrelevant.

And yes, we could increase our export % but that relies on creating things in this country, which is less efficient than importing them directly and doing what we do best at specialising in. That sort of thing is exactly why trade embargoes hurt economies.

You're making an argument that simply does not make sense, in an attempt to justify crippling British trade. Sorry, but it does not fly.

 

[Mvann]

Mean while, Spain and Portugal have not been fined for their excessive budget deficits. Rubber fiscal rules again

 

[Groningen]

At some airports as Stansted and Luton you get less than 1 euro for 1 British pound. But this varies of course day to day; can go up; can go down.

 

[yorksrob]

At some airports as Stansted and Luton you get less than 1 euro for 1 British pound. But this varies of course day to day; can go up; can go down.

And a lot less of a differential with the actual exchange rate if you avoid profiteering airports and buy your currency from the post office.

 

[Xenophon PCDGS]

And a lot less of a differential with the actual exchange rate if you avoid profiteering airports and buy your currency from the post office.

The demise of the British holiday in the 1960's coupled with the station closure programme of the same time period and after was featured in two of the verses of the poem "Last train to Dobcross" by Stanley Accrington that was put to music by the Oldham Tinkers and can still be heard on YouTube.

"And at three in the morning when I used to sign on
I lie awake half in a dream
I'm a guard on a special that's bound for the coast
With a 4-6-0 getting up steam.

We've got packages for printers and pigeons to release
Spare seats after Heywood not one
Now they jump on a plane for a fortnight in Spain
And the last train to Fleetwood has gone"

 

[yorksrob]

The demise of the British holiday in the 1960's coupled with the station closure programme of the same time period and after was featured in two of the verses of the poem "Last train to Dobcross" by Stanley Accrington that was put to music by the Oldham Tinkers and can still be heard on YouTube.

"And at three in the morning when I used to sign on
I lie awake half in a dream
I'm a guard on a special that's bound for the coast
With a 4-6-0 getting up steam.

We've got packages for printers and pigeons to release
Spare seats after Heywood not one
Now they jump on a plane for a fortnight in Spain
And the last train to Fleetwood has gone"

That's very poignant.

Reminds me of an interview with the well known steam driver Ivo Peters who used to re-live the Somerset and Dorset in his dreams in detail after closure. If I recall, he never got all the way to the end before waking up.

 

[Groningen]

And now a certain Donald Trump and he wants to be known as Mr. Brexit.

 

[ExRes]

And now a certain Donald Trump and he wants to be known as Mr. Brexit.

Sorry,but could you explain that one please

 

[J-2739]

And now a certain Donald Trump and he wants to be known as Mr. Brexit.

What sort of nonsense is that?

 

[Xenophon PCDGS]

And now a certain Donald Trump and he wants to be known as Mr. Brexit.

Are you sure that he not mean to say "Mr Fixit"...

 

[Groningen]

Following the news? Following Twitter? Or not!

Donald J. Trump ‏@realDonaldTrump August 18, 2016 Tweet: They will soon be calling me MR. BREXIT!

 

[Harbornite]

It goes without saying that Trump is bit of a tango whiskey alpha tango. I wouldn't be surprised if some brexiters see him as an idol like they do with Putin.

 

[ExRes]

Following the news? Following Twitter? Or not!

Donald J. Trump ‏@realDonaldTrump August 18, 2016 Tweet: They will soon be calling me MR. BREXIT!

Thank you, but we don't all use 'social media'

 

[Harbornite]

Thank you, but we don't all use 'social media'

Sky news reported it.

 

[ExRes]

Sky news reported it.

Some of us don't subscribe to Murdoch World either

 

[GatwickDepress]

Some of us don't subscribe to Murdoch World either

That's one amusement park I wouldn't like to visit...

 

[317 forever]

Yes the failure to qualify for Euro 2016 still rankles

Fair play to Sturgeon she was quite magnanimous about David Cameron in her speech at Bute House this morning. The first time I have heard her be complimentary about him.

Just catching up with this thread in detail. Anyway, Nicola Sturgeon finally achieved her desired intention to lock David Cameron out of Downing Street
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Well I wanted remain. I'm disappointed and ashamed to be British, but especially disgusted to be from Hull.
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See post #578, what will actually happen is described.

Despite proclaiming itself as the City of Culture for 2017, Hull voted to leave.
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I voted yes for independence in 2014, yes to remain yesterday and will vote yes for independence 2, why? Because Scotland is a caring, compassionate country who embrace all cultures and respect all people. We enjoy the benefits of being a part of Europe, bask in European culture and love our European neighbours. England is a haven for immigrant hating, xenophobic, racists, a country insulating itself from all it's neighbours including the home nations and trying to basically cut themselves off from the whole world. For the first time in my life ever, I can safely say I am ashamed to be British. Why the hell would we want to be in a union with a nation of haters? Get us out of here! And by the way, here is a personal invite to all you English folk who probably feel the same about your fellow citizens, all you decent folk who were not taken in by the right wing garbage spouted by the Leave campaign, come to Scotland and live, you are more than welcome! All I ask is that you want to be happy.

I was disappointed when half the English & Welsh voters effectively said in the referendum to other Europeans that "It's our country not yours". Regrettably, half of Scottish voters effectively said the same thing to other Brits last year by voting SNP at the General Election.
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Farage, a former Stockbroker from Surrey who was a member of the EU fishing committee and did naff all about the issue of discards apart from try and use it as a tool to attack the EU (he only bothered to attend 1 meeting out of 42!). Yet a privilaged liberal TV chef (Hugh Fearnley-Wittingstall) on hearing of the discard policy and how fishermen were having to throw back dead, but otherwise good fish, mounted a campaign, got signatures on a petition and got the law changed!

Gove, a Public Schoolboy who did more damage to the education system in the UK than any education secretary since the 70s, despite OFSTED and teachers saying what he was doing was stupid

Boris, pretty much the same education as Cameron and a member of the Bullingdon Club. Wants a driverless underground and responsible for the closure of every LUL ticket office.

Iain Duncan Smith, responsible for picking on the most vulnerable in society since 2005.

Yeah they'll protect the workers won't they.

It is indeed bizarre that so many Labour heartlands were so inspired by the above gentlemen that they voted leave and turned those red areas blue.
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But I would say that Windermere and Bowness have suffered mass immigration too, and they're for Remain! It's just that the immigrants are southerners, not foreigners.

The vote for Remain here was likely in part to have been down to their ardent pro-European MP Tim Farron. Similar story in Rushcliffe with their MP Ken Clarke.
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They also wrote a song that could become very suitable for anyone who comes to regret Brexit....

And all because the Brexit voters followed Brexit's campaign suggestion of Take a chance on me :cry: Britain will meet its very own Waterloo now
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This is why in my opinion Davis Cameron has been a bit of a d*ck. Article 50 should have been invoked on Friday. If our PM were as patriotic as he likes to make out, he should have swallowed his pride and tried to negotiate the best deal possible for Britain.

But his ego won't allow that. He doesn't want to be remembered as the man who took us out of the EU.

So now we have this period of uncertainty being extended unnecessarily, which is bad for Britain and bad for the EU.

Nick Robinson summed up his legacy as taking us out of Europe by mistake
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In my heart I am no longer British. I had virtually given up on Britain already but I wish I could burn my UK passport right now and get another nationality straight away.

I find myself now wanting to avoid British goods and deliberately choose EU ones in preference.
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It has always been England and Wales together. Wales is so up England's backside that they allow the cricket team to be called "England" even though it represents England and Wales. Could you imagine an England and Scotland team being just called "England", in any sport?

I am living up Britain as a European country by focussing most of my bus & rail enthusiast travels in Remain areas and cutting back on local travels in Leave areas.

 

[Harbornite]

That's very poignant.

Reminds me of an interview with the well known steam driver Ivo Peters who used to re-live the Somerset and Dorset in his dreams in detail after closure. If I recall, he never got all the way to the end before waking up.

His pictures of said line are well inown for their wuality,mand sometimes featured cameos of his now-preserved Bentley.

 

[317 forever]

People aren't calling Farage a racist because they don't like him. They're calling him a racist because he's racist.

You have only to remember his moan about foreign accents north of Grove Park as proof of this.
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My big concern is the Good Friday Agreement in Northern Ireland. Already Sinn Fein are sounding out the mood through their An Phoblacht newspaper agitating for a referendum on Northern Ireland merging into the Republic as everyone there wanted to remain in the EU. So far they're not getting that much traction, but if Northern Ireland starts to lose the EU funding that is supporting businesses like Wright Brothers then I can see the mood start to shift. It's a fragile peace in the North and the destructive effect of the loss of EU funding could well be enough to break it.

All the Northern Irish areas adjacent to the border voted Remain. It was the potential harm to Irish communities & trade that contributed to my decision to vote to remain.
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Well at least we've got a leader again. Sure, only 199 people voted for her, but that's democracy we've won back from the EU!

This is better than John Major or Gordon Brown when they took over as PM. It also represented a collective maturity by the Conservative party that they secured a successor to David Cameron so quickly.

 

[AlterEgo]

Thank you, but we don't all use 'social media'

You just posted on a social media site!