4 ms·

> I hope that you're really happy of the outcome of your vote. You destroyed uk and global economy, even if you still Don't realise it. A nation with narrow min

by UVB-76 10y ago

> I hope that you're really happy of the outcome of your vote. You destroyed uk and global economy, even if you still Don't realise it. A nation with narrow minded people that cannot understand the simple consequences of their actions will not have the most happy outcome. Get a grip. Has the UK economy been destroyed? No, the FTSE 100 dropped 3.15% on Friday, reacting to temporary uncertainty, and is up 1% on last week. European markets fell far more, reflecting the fact they have more to lose from an acrimonious Brexit than the UK does. What is narrow minded about voting to leave an anachronistic, sclerotic, anti-democratic political union, to which the UK contributes more money than it receives back, and from which the UK imports more than it exports to? In all likelihood, the UK will leave the EU, but retain access to the single market through the EEA. This will enable us to enter into free trade deals with the rest of the world, which we are not able to do as EU members. There is nothing narrow minded about that.

yarou 10y ago
> In all likelihood, the UK will leave the EU, but retain access to the single market through the EEA. This will enable us to enter into free trade deals with the rest of the world, which we are not able to do as EU members. There is nothing narrow minded about that. You realize that most of the trade deals for the UK will not be favorable at all, right? As you mentioned, the UK has a negative trade balance. If you voted for leave, you voted for the balkanization of Europe, and possibly the UK itself. History has proven time and time again that this is a bad and short-sighted idea (India/Pakistan partition, former Yugoslavian republics, Middle East, etc). It wouldn't surprise me if Canary Wharf suddenly relocated to Germany.
- smm2000 10y ago
  Actually negative trade balance allows you to get better terms than reverse. The country that export more has more to lose from tariffs and benefits more from lower rates.
devdas 10y ago
The problem with being in the EEA is that you get all the negatives of being in the EU (free movement of people and paying into EU funds), but have no votes on how the money is spent.
- UVB-76 10y ago
  This is a vast oversimplification. See this paper [1] from the ASI which sets out the benefits of EEA membership over being a full member of the EU. [1] http://www.adamsmith.org/evolution-not-revolution http://www.adamsmith.org/evolution-not-revolution
tigershark 10y ago
3.15% in a single day while it triggered a massive destruction of European stock markets. The pound arrived to 1.33$, it was never at that level since 1985. 2000 people are being relocated from Morgan Stankey to Dublin or Frankfurt. Pretty much all the other banks are following the same plans. The financial services sector contributes for around 11% of the whole government tax income. Car industry is heading in the same direction. Even worse the uk won't secure any trade deal with Europe because the will want to discourage other nations to follow the same path. The damage to the uk and global economy will be huge, comparable to the 2008 crisis if not even worse. If someone doesn't get it I have all the rights of calling him narrow minded.
- UVB-76 10y ago
  > 2000 people are being relocated from Morgan Stankey to Dublin or Frankfurt. Sensationalist nonsense. Banks are considering long-term options for the worst case scenario if the UK leaves the single market. That is unlikely to happen. > Even worse the uk won't secure any trade deal with Europe because the will want to discourage other nations to follow the same path. The EU needs free trade with the UK more than UK needs it with the EU. The EU cannot afford to freeze the UK out.

by UVB-76 10y ago

yarou 10y ago

> In all likelihood, the UK will leave the EU, but retain access to the single market through the EEA. This will enable us to enter into free trade deals with the rest of the world, which we are not able to do as EU members. There is nothing narrow minded about that. You realize that most of the trade deals for the UK will not be favorable at all, right? As you mentioned, the UK has a negative trade balance. If you voted for leave, you voted for the balkanization of Europe, and possibly the UK itself. History has proven time and time again that this is a bad and short-sighted idea (India/Pakistan partition, former Yugoslavian republics, Middle East, etc). It wouldn't surprise me if Canary Wharf suddenly relocated to Germany.

smm2000 10y ago
Actually negative trade balance allows you to get better terms than reverse. The country that export more has more to lose from tariffs and benefits more from lower rates.

devdas 10y ago

The problem with being in the EEA is that you get all the negatives of being in the EU (free movement of people and paying into EU funds), but have no votes on how the money is spent.

UVB-76 10y ago
This is a vast oversimplification. See this paper [1] from the ASI which sets out the benefits of EEA membership over being a full member of the EU. [1] http://www.adamsmith.org/evolution-not-revolution http://www.adamsmith.org/evolution-not-revolution

tigershark 10y ago

3.15% in a single day while it triggered a massive destruction of European stock markets. The pound arrived to 1.33$, it was never at that level since 1985. 2000 people are being relocated from Morgan Stankey to Dublin or Frankfurt. Pretty much all the other banks are following the same plans. The financial services sector contributes for around 11% of the whole government tax income. Car industry is heading in the same direction. Even worse the uk won't secure any trade deal with Europe because the will want to discourage other nations to follow the same path. The damage to the uk and global economy will be huge, comparable to the 2008 crisis if not even worse. If someone doesn't get it I have all the rights of calling him narrow minded.

UVB-76 10y ago
> 2000 people are being relocated from Morgan Stankey to Dublin or Frankfurt. Sensationalist nonsense. Banks are considering long-term options for the worst case scenario if the UK leaves the single market. That is unlikely to happen. > Even worse the uk won't secure any trade deal with Europe because the will want to discourage other nations to follow the same path. The EU needs free trade with the UK more than UK needs it with the EU. The EU cannot afford to freeze the UK out.