Breakfast Brexit Merge

[GB9]

Then you should consider a move to Scotland. Help us build the wall.

And manage the visa applications.

[Martin@AS Financial]

BoE to take "all necessary steps" to ensure stability

(Taken from The Financial Reporter)

The Bank of England has released a statement in response to the Brexit vote, saying it will take “all necessary steps” to ensure monetary and financial stability.

The Bank said it "has undertaken extensive contingency planning" and is now working closely with HM Treasury, other domestic authorities and overseas central banks.

In its statement, the Bank said it "is monitoring developments closely" and will take "all necessary steps to meet its responsibilities for monetary and financial stability".

Following the outcome of the Referendum, the pound fell by over 10% to the lowest level seen since 1985 - the biggest single fall on record.

The London Stock Exchange is also expected to fall by more than 500 points - the biggest fall since the financial crisis.

The FTSE 100 fell 7% within minutes of the stock exchange opening, equivalent to a £160bn loss.

The financial services industry also reacted pessimistically to the news.

Nigel Green, founder and CEO of deVere Group, described the news as "a shock event". He believes the result "is a victory for uncertainty across international financial markets", adding that "Brexit-triggered volatility is now only just beginning; we can expect it to potentially last up to two years".

Green added: “Due the far-reaching impact of this vote, Brexit will inevitably affect the British and the European economies and the wider global financial markets. The decision may have been taken in the UK but it will impact the rest of the world too.

“The world’s currencies, equities and bonds are now on magical mystery tour - at least in the short-term."

[LondonManc]

Most likely replacement is probably T. May. Boris is too much of a loose cannon ball.
I want Osbourne to go, and soon, but bet the slimey sh*t sticks around

Yeah, while Theresa is stable as hell?

"Home Secretary falsely claimed that illegal immigrant was allowed to stay because of his pet cat." - Theresa May in 2011.

She hasn't a clue on immigration, which was a big Leave stimulant.

[minestrone]

So all the collapsing economy and emergency budget talk was claptrap.

Who knew?

[VectraMan]

Seriously? You can't divide a country and expect to remain in office against a policy he introduced. His mandate is water thin.

Next you'll be telling me you're surprised when Boris enters no. 10.

I'm surprised it happened like this. I thought he'd hang on; give great speeches about healing wounds and rolling up his sleeves and getting stuck into the task given to him by the British people. And then either be forced out or resign in 12 months time when it was obvious he had no support from anyone.

I said all along it's clear Boris only backed the Leave side because he saw it as his best opportunity to be PM, and that the only winner from this whole debacle would be Boris. I think he's extremely clever, despite appearances, and has expertly played the British people for chumps to achieve his goals.

[VectraMan]

Yeah, while Theresa is stable as hell?

"Home Secretary falsely claimed that illegal immigrant was allowed to stay because of his pet cat." - Theresa May in 2011.

She hasn't a clue on immigration, which was a big Leave stimulant.

Theresa May tends to be quite low profile so it's hard to believe she'll get any serious backing. It's going to be Boris with Govey as Chancellor, obviously, and everybody will soon wish they'd kept Osbourne.

[Chuck]

everybody will soon wish they'd kept Osbourne.

Can't see that ever happening. One thing that can unite all sides is the removal of that nasty piece of work.

[DimPrawn]

I can hear the helicopters being readied now.....

[bobspud]

I suppose I should be thankful, I can now enjoy the streets of Munich without those drunken hen/stag weekends.

Oh please god let that be true. I can't stand seeing the English abroad we are a country of ******* idiots.

[VectraMan]

Can't see that ever happening. One thing that can unite all sides is the removal of that nasty piece of work.

But Michael Gove? Ask some teachers what they think of him.