Hard Brexit - will there any way back?

[sasguru]

Pound crashing as vote is delayed currently at EUR 1.1

The pound is going to crash big time if there is a no deal. Well under 1 EUR me thinks.

That is interesting, I would have thought losing this vote was priced in already.
Glad i'm not paid in sterling

Top class entertainment, watching what the cretins have wrought.

[BlasterBates]

An interesting twist, the government can't stop the "meaningful" vote without another motion that probably won't command a majority. The meaningful vote isn't the government's decision it is parliament's decision.





what a mess!

[BlasterBates]

..and the pound continues its plunge

[MattZani]

..and the pound continues its plunge

Great news!

I can just go contracting in Europe and pay off my mortgage with pocket money

[sasguru]

Great news!

I can just go contracting in Europe and pay off my mortgage with pocket money

1. I assume you're not a UK citizen
2. You have a mortgage in the UK on falling property values?

Tsk Tsk.

[MattZani]

1. I assume you're not a UK citizen
2. You have a mortgage in the UK on falling property values?

Tsk Tsk.

1. you assume correctly
2. property values and the pound weren't falling when I bought my property years ago and even in the last 2 years since the brexit vote the property values where I live have been growing month-to-month. Plus, I have a property in the centre of one of the UK's main cities so I'll always get back what I paid.

[chopper]

Lets say around mid-February a General Election is called. That will mean we don't have a parliament to vote on a deal or rescind Article 50, which means we fall out automatically.

I think I'm moving towards hard Brexit. The Gammons need to learn that what they thought they voted for simply doesn't exist. The price will be rejoining in a few years without a rebate and probably forced into Schengen and the Euro, but you know what. It really doesn't matter. The UK is completely divided, and is going to become an economic hellhole in the coming months.

[BlasterBates]

Indeed it probably needs to happen otherwise we will have to listen them droning on about betrayal ad nauseam.

I'm pretty relaxed about a no deal, as it will be provide a huge amount of entertainment.

[BlasterBates]

Labour party to put forward a no confidence motion, if it fails they will then put forward a motion for a new referendum.

[Old Greg]

Let's say there's a hard Brexit and all the Japanese companies leave (they have said several times they can't afford to operate in the UK in that event - and their PM has confirmed with May that is the case) , then what happens if and when the factories close?
I doubt there's any British business that can take on mass car manufacturing (or would want to, or has the experience to for that matter).
Brexiters themselves have previously said this is what will happen. Their solution is for sacked employees to do some "marketing".
But market what?

MPs react after Vote Leave economist admits Brexit would 'mostly eliminate manufacturing' - Chronicle Live

Government policy is to retool for jam, tea and biscuit exports.

British tea, jam and biscuits will be at the heart of Britain's Brexit trade plans

And the more competitive sterling becomes, the greater the opportunity.