Well the exodus has started in the world of finance... From the EU to London! Dutch giant ING announes relocation of traders from Amsterdam and Brussels.

People can't afford British products? They afford German ones - people will always pay for quality. Not only that our service exports have much higher value added attached to them than old-fashioned, cheap metal bashing manufacturing. We will soon balance the current account deficit if the pound stays low for a while. The very real danger in the shortish term is that the Euro collapses and so the pound looks high against it.

The Germans were investing in superior technology and improving output while the UK was on strike, trying to "save" jobs in the 80's and we were left behind and they also took a different view towards their coal industry, protecting their assets.
Thatchers government made a very "simple" decision towards all manufacturing in the UK along the lines of "let the market decide" without any strategic planning, with disastrous consequences for job in the North of England and The Midlands and although her loss of patience with the Unions didn't help but, we are still suffering the consequences of this policy.

If The Brexit people are right and we suddenly and miraculously become a "Great Nation" once again, the pound will gain in value but, I think its a safe bet that is isn't going to happen.

The only way that The Euro will collapse is if France or Germany lose patience with The EU and this isn't going to happen.

What does "soon" mean?

Is that a year, two, maybe five, & what happens in the meantime?

The pound has dropped by 15 - 20% against the Dollar / Euro, therefor price increases will be coming. Yet Carney has said, as long as the rise is within the parameters (whatever they are) interest rates will not increase. But he has admitted the price of food will be the first thing to rise. So basically the poorest of our society will suffer the most, & I'm sure he's o.k. with that, as are you presumably?

But the biggest twist of all is that a large percentage of the people who voted for Brexit are in that poorest category, & I thought the death of Jimi Heselden was the biggest irony.

Part of me thinks, I understand why many of the underprivileged voted how they did, life's pretty sucky, let's stick it to the man & all that.

Then another part of me thinks, their stupidity has caused their lives to get even harder - suckers!

Sweeping generalisation, but I would suggest most who voted for Brexit were too thick to understand ALL the implications of how it would affect them and theirs and used the easy scapegoat "immigrants" card.
Ignorance is bliss , ignorance is a virtue. The UK is populated by blissful, virtuous people.

But when the poor have been demonised and down trodden for so long, what's another few years?

Britain has developed a real hatred for its poor over the last few years, it's become uncomfortable to witness. The default door to lay the blame at has become that of the poor. See any mention of poor people and you'll usually find the words stupid, thick, sponger and brainless as an accompaniment, see your quote above and the follow up from Leaguefan. The poor really aren't the problem, they're not the ones who are bleeding the land dry.

Their vote may or may not have been a wise move for them but at least it's woken up a few people to the fact they actually exist as real people and they're not very happy.

In all honesty, the poor will probably be the ones who adapt to a negative outcome the best. It sounds to me like the aspirational types are the ones who will suffer when their Sainsbury's shopping bill is a tenner more or they can't find an extra couple of grand for their next new Audi.

I'm sure the poorest will cut their cloth, they have no choice, but it's not what they voted for, they have been duped.

They were sold a vision of an utopian Britain where all the money saved by exiting the E.U. would be ploughed back into the economy, the N.H.S. would be swimming with cash, wages would rise & the North would be awash with new investment.

In reality food prices will rise, whilst wages won't & the only investment in the north will be in Fracking.

Well said and the saddest part of all is that the party in the best position to defend/ help the plight of the poorer members of society is as much use as a chocolate fireguard.

There is no doubt that Farage and Boris sold the country a pup and the big mistake for "remain" was having the extremely well off Cameron fronting the debate which, instantly made the hard working folk of the UK want to stick two fingers up to him.
Sadly, very sadly, far from utopia, people have unwittingly voted themselves a poorer standard of living.

Farage and Johnson wont give a tinker's toss if it costs them a "bit extra" but, those at the bottom of the ladder, already being squeezed the hardest will suffer the most.

It's not a generalisation. It's fact

Regards

King James

No, you,re wrong.
This is democracy, you dont have to be well informed you just have to vote.
The lies that were spewed out, by both sides, plus the "honor" among our politicians was enough to put anyone off politics for a lifetime and the British public got what they asked for.

It's like insisting on taking the helm of the Titanic, setting of blisfully unaware of what lies ahead.
Just hope that you dont hear anyone call "Iceberg".

I started off OUT, then was torn between OUT and IN, then got to the point where the lies, deceit and scaremongering had my mind made up to not vote or be a part of the whole charade... Then Gideon came out with his punishment budget threat and that kind of riled my destructive streak. After that I was set on voting OUT and to hell with the consequences.

What were your reasons for voting to leave the EU other than grrr Muslims? Google is your friend. Just copy and paste if you like. You talk about lies? That's funny, the brexit campaign was built on lies that xenophobic btec educated oiks lapped up. The remain side pretty much called the state of the economy as it is now

Regards

King James

I voted Brexit for the simple reason that I believe the EU is a dangerous organisation that would enormously impoverish the UK in the years ahead through its protectionist, inefficiency. I also voted because there is no point in being a member without being part of the Eurozone - the reality of staying on that basis was we would never be part of it. If we'd joined then as a geographically peripheral region whose economy is not always in synch with Germany's we'd suffer great hardship by being unable to devalue the currency and adjust interest rates when the need arises. I voted Brexit because I can see no case, and never have seen a case, to be in it. The whole thing has been a lie from day one for the UK.

The global financial markets are run by people with a vested interest in an all powerful EU. Other regional superstates are planned. In reality the money never changes hands, in many cases it doesn't even exist. It is all based on figures on a screen. A global government made up of continental regions rather than independent states is what they want. Brexit has caused a massive setback to their cause. They are punishing us in the hope that we will reconsider but in reality the whole system doesn't physically exist. You probably think I'm a tinfoil hatted loony but it's hard to ignore once you realise what is going on.

I didnt vote to leave

Not at all! I've done my own research into this and whilst there is absolutely no evidence what so ever re the rothschilds I do think you aren't far from the truth

Regards

King James

Prior to joining the Common Market the UK economy was judged by all as being in a state of "permenant economic decline."
After being in we were the 5th largest economy in the world.
The EU brought us millions of jobs I do hope we don't lose too many firms or jobs.

If you go back further, Britannia ruled the waves, we colonised half the world and truly were one of the great nations and I think this is where some of the right wing Tories have their fondest memories.
Sadly, outside The EU we become a small island, with 65 million inhabitants, the majority of whom work in the retail sector, you could say, a nation of shop keepers.
We cannot compete with the cheap labour of China, India, Indonesia and Africa on low base manufacturing and is just insufficient Hi Tec "output" to sustain the country.
Add to that our lack of self sufficiency in food production and it's clear that we will prosper on our own, why wouldn't we



It's all looking really good at the moment and the further, dip in the value of Sterling (when we formally begin the process of leaving) and things are going to be fantastic, really, they are, no, really, they are.
(all we have to do is be positive and everything will be ok

)

Glad you see things that way.
Shows quite well how out of touch with reality the general public are.
I'm still trying to figure out what we have we have to manufacture to sell to world besides "financial services " which once outside and not following Euro rules means Frankfurt will easily take over Londons mantle. You are aware that the banking industry is planning this.
So what do we have?
Japanese cars?
Closing down Indian steel works.
Ship building?
Minerals?
Digital businesses?
Chemical companies like ICI.
Dyson products actually made in the U.K.?
A highly skilled educated workforce with transferable knowledge and experience?

Of course the U.K. can stand on it's own. The trouble is so many do not understand the word austerity, somehow I think they soon will once the process of leaving the European market has happened.

What does this country have?

A significant manufacturing sector - if you don't believe that suggest you watch a top gear episode where they line up all types of vehicles produced in the UK it was huge - everything from Funeral cars to JCB to Maclaren sports cars - that is just one sector.

We are incredibly innovative as a country with a host of highly skilled workers - ask yourself why most the F1 teams are based in the UK and use UK based products on their vehicles.

Everyone keeps saying this is the 5th biggest economy in the world - it must have some things going for it or it would never have got as big as it is.

As for Frankfurt taking over from London - not a chance - especially as Paris is also trying to dissolve Frankfurt's position

I wonder if unfettered access to a trading bloc of 500 million people and the free movement of cheap labour had anything to do with it?

Having been "embedded" in the EU for 40+ years, with all the positives and negatives that the system has brought, it's no wonder that the exit is going to be long and arduous.
It amazes me to hear people say "we voted out and we want to be out now !", without any thought whatsoever on just how this is going to be achieved.
It shows what a mickey poor job that Cameron and his campaigning team did in the run up to the referendum.
There was no discussion or questioning on hw we would actualy progress in the event of a "leave" vote.
Maybe the really were certain that we would remain ?

I wasn't aware of how big the formula 1 was in terms of economic strength and employment within the U.K. The people in Grimethorpe, South Shields and Chatham must be overjoyed at the jobs this has created.
Paris or Frankfurt, it really doesn't matter , as the UK will not have the financial clout once out. As stated previously the banks are making plans.
I work in a very hi tech business and currently redundancy is happening with the company going for single sourcing of components at the cheapest price worldwide. Quality,is taking a back seat to bean counting. The company has very fussy clients and believes this strategy will pay off. It might short term but the product we make and sell has few competitors and at the high end none.
Lose the skill to cheaper countries with their harder understanding for a quick buck? Welcome to backward Britain where the turkeys who voted for Christmas won.
We live in interesting times, and wait and see what happens after the election in the USA, the situation could be even more interesting.

There's no doubt it, Cameron thought it was a done deal. His parting shot of "why should I do the hard ?" suggested he'd planned for nothing but a remain win. Just like the leave side thought it was a done deal that we'd vote remain too. No forward planning for a leave vote whatsoever it turned out.

I think Boris secretly wanted a very narrow remain win so he could dislodge Cameron by saying he'd lost the confidence of nearly half of the electorate.

The whole event has merely exposed a plethora of political lightweights all willing to dirty their already grubby little fingers for a bit of career progression.