4 ms·

Not much at all economically? The media has made big deal out of it. But the ftse is still higher than 2 weeks ago. Political parties are imploding, but that's

by UK-AL 10y ago

Not much at all economically? The media has made big deal out of it. But the ftse is still higher than 2 weeks ago. Political parties are imploding, but that's their own fault for backing one side so heavily. My worry is the political turmoil will turn into economic troubles. If we elect a solid out leader, who has sensible plan and lays out dates for the plan then a lot of the economic distress will dispear. The parties are shooting themselves in the foot ATM, by not accepting it and just working out a decent plan. Economic pain at the moment is caused by uncertainty of not knowing whats going on more than anything else.

tonyedgecombe 10y ago
Measure it in USD and the FTSE looks quite different.
- Scirra_Tom 10y ago
  I've been looking, is there a FTSE 350 graph in USD?
- UK-AL 10y ago
  The gbp went down, however it started going back before the market closed. And a lower currency actually gives the economy a boost. I fully expect everything to fall again because of the drama of over weekend. That should have been completely avoidable
  - Scirra_Tom 10y ago
    A boost on businesses that export, which the UK doesn't do much of. Also, isn't the definition of a strong economy basically a strong currency? > The gbp went down, however it started going back before the market closed. That's an interesting interpretation: http://i.imgur.com/XL2K38H.jpg http://i.imgur.com/XL2K38H.jpg
    - UK-AL 10y ago
      No I didnt. It wasn't that long ago that it was George Osbornes goal to try to reduce gbp because of said benefits.
      - Scirra_Tom 10y ago
        Right sorry, misread second time
anu_gupta 10y ago
You've been lied to.
dogma1138 10y ago
Brexit panic wipes $2 trillion off world markets.... https://www.theguardian.com/business/live/2016/jun/24/global-markets-ftse-pound-uk-leave-eu-brexit-live-updates https://www.theguardian.com/business/live/2016/jun/24/global... There will be eventually a bounce back, but were not even close to it, the markets will go up slightly when Article 50 will be called then spiral down again depending on the outcome of the negotiations. The UK stands to lose the most out of this, most estimates it would lose considerably more than it pays out to the EU even without a recession, and with it more than double. The Leave supporters already said that none of that money would go to the NHS and that there won't be a positive financial benefit to leaving the EU within the foreseeable future, realistically that foreseeable future is probably at least the next decade. The UK has a huge debt, the GBP is spiraling down the drain they'll have to increase the interest rates which would harm the already dying UK housing market, the Job loss projection especially from large multinationals is pretty steep and international investment in the UK is expected to be considerably cut if anything short to a (effectively EEA membership) full free trade and FMP agreement with the EU reached. Whats worse is that with the UK having already the most expensive undergraduate education in the world the UK youth is now going to lose their ability to study in the EU for free, that is expected to both reduce the amount of skilled labor available in the UK especially if you decide to kick all those Polish "plumbers" that arguably are more educated than the average brit who voted "leave" it would just inflate the UK student debt even further and considering that even now the UK student debt is unbearable you are just compounding your problems. Not to mention is that the BrExit put the fringe on the political map, the UK public policy is already horrible, this is a country that has lost respect to freedom of the press, freedom of speech, a country where punitive imprisonment of upto 7 years can be cast on being unwilling on giving up your password or encryption keys to law enforcement even if you are not charged with any other crime and one of the front runners for to become the new PM - Theresa May supports mandatory internet censorship (sorry "obscenity filter") as well as warrantless access to your entire Internet browsing history. If anything the UK needs the EU only not turn full V for Vendetta on you. So yes the EU is a shitty bureaucratic and partially non-democratic mess but the UK is far far worse without it and same goes for the majority of Europe. I don't understand how people claim to want to go back to the good ol' days when the good ol' days were Europe fighting over the Rhine over and over and over.

by UK-AL 10y ago

tonyedgecombe 10y ago

Measure it in USD and the FTSE looks quite different.

Scirra_Tom 10y ago
I've been looking, is there a FTSE 350 graph in USD?
UK-AL 10y ago
The gbp went down, however it started going back before the market closed. And a lower currency actually gives the economy a boost. I fully expect everything to fall again because of the drama of over weekend. That should have been completely avoidable
- Scirra_Tom 10y ago
  A boost on businesses that export, which the UK doesn't do much of. Also, isn't the definition of a strong economy basically a strong currency? > The gbp went down, however it started going back before the market closed. That's an interesting interpretation: http://i.imgur.com/XL2K38H.jpg http://i.imgur.com/XL2K38H.jpg
  - UK-AL 10y ago
    No I didnt. It wasn't that long ago that it was George Osbornes goal to try to reduce gbp because of said benefits.
    - Scirra_Tom 10y ago
      Right sorry, misread second time

anu_gupta 10y ago

You've been lied to.

dogma1138 10y ago

Brexit panic wipes $2 trillion off world markets.... https://www.theguardian.com/business/live/2016/jun/24/global-markets-ftse-pound-uk-leave-eu-brexit-live-updates https://www.theguardian.com/business/live/2016/jun/24/global... There will be eventually a bounce back, but were not even close to it, the markets will go up slightly when Article 50 will be called then spiral down again depending on the outcome of the negotiations. The UK stands to lose the most out of this, most estimates it would lose considerably more than it pays out to the EU even without a recession, and with it more than double. The Leave supporters already said that none of that money would go to the NHS and that there won't be a positive financial benefit to leaving the EU within the foreseeable future, realistically that foreseeable future is probably at least the next decade. The UK has a huge debt, the GBP is spiraling down the drain they'll have to increase the interest rates which would harm the already dying UK housing market, the Job loss projection especially from large multinationals is pretty steep and international investment in the UK is expected to be considerably cut if anything short to a (effectively EEA membership) full free trade and FMP agreement with the EU reached. Whats worse is that with the UK having already the most expensive undergraduate education in the world the UK youth is now going to lose their ability to study in the EU for free, that is expected to both reduce the amount of skilled labor available in the UK especially if you decide to kick all those Polish "plumbers" that arguably are more educated than the average brit who voted "leave" it would just inflate the UK student debt even further and considering that even now the UK student debt is unbearable you are just compounding your problems. Not to mention is that the BrExit put the fringe on the political map, the UK public policy is already horrible, this is a country that has lost respect to freedom of the press, freedom of speech, a country where punitive imprisonment of upto 7 years can be cast on being unwilling on giving up your password or encryption keys to law enforcement even if you are not charged with any other crime and one of the front runners for to become the new PM - Theresa May supports mandatory internet censorship (sorry "obscenity filter") as well as warrantless access to your entire Internet browsing history. If anything the UK needs the EU only not turn full V for Vendetta on you. So yes the EU is a shitty bureaucratic and partially non-democratic mess but the UK is far far worse without it and same goes for the majority of Europe. I don't understand how people claim to want to go back to the good ol' days when the good ol' days were Europe fighting over the Rhine over and over and over.