Breakfast Brexit Merge

[original PM]

I never wanted another referendum regardless of the outcome.

The main thing for me was that the people had the opportunity to vote for it.

[vetran]

WTF do you mean by 38% of the electorate? There were 33.5m votes cast. Are you suggesting that in a country of 60m there were 88m entitled to vote?

you don't believe government immigration figures do you?

[GB9]

52% * 72% turnout = ~38%. 16m / 65m = ~26%.

Ok. But they were in the majority. Where were the rest?

There are a whole host if issues with voting. If things had been fairer we wouldn't have had 13 years of Labour.

[PurpleGorilla]

I said it was a mistake for Farage to float the idea of a second referendum if Remain narrowly won, because it could be turned the same on a narrow Brexit win, and sure enough a commenter on that site drew attention to this:

Nigel Farage wants second referendum if Remain campaign scrapes narrow win - Mirror Online

Some reform of the EU combined with a second referendum by new PM is a possibility, but remote.

The EU bouncers want us out of the club and happy to use a bit of force to do it. Tells the other punters not to get cheeky.

[Old Greg]

That is something that Camoron needs to deal with quickly.

They have 2+ years of stability.

They should be able to identify who can stay & move for work easily after Brexit fairly quickly. Then publicise it.


I assume if he becomes your spouse he becomes entitled to Irish citizenship? AIUI you have been together for many years so its only a bit of paper unless you need it to be more.

EU parliament leader: we want Britain out as soon as possible | Politics | The Guardian

[Old Greg]

Why would he want to live in a racist society anyway?

He may as well come back to the UK.

[Old Greg]

That is something that Camoron needs to deal with quickly.

They have 2+ years of stability.

They should be able to identify who can stay & move for work easily after Brexit fairly quickly. Then publicise it.


I assume if he becomes your spouse he becomes entitled to Irish citizenship? AIUI you have been together for many years so its only a bit of paper unless you need it to be more.

No, I've been married to an Irish citizen for 11 years but because I have only been resident in Ireland for a bit over 1 year I need to wait a bit under 2 years to become a citizen.

One route for Mr N may still be marriage (if that works for Mr N and N): an NZ citizen friend of mine in the UK married a Finnish citizen and was allowed to stay as the spouse of an EU citizen. That may be the same in Cloggers.

[Danglekt]

well, I think it's interesting that the group in society that benefited from the housing price boom, the gold plated pensions and triple lock are saying that they don't want to hear about the youth being shafted.

Yeah, guess it must be tough enough to look in the mirror

[Martin@AS Financial]

Taken from the BBC

UK interest rate 'likely to hit zero' following Brexit

UK interest rates are likely to hit zero in the next six months as the Bank of England moves to shore up the economy after the vote to leave the EU.

David Tinsley, UK economist at UBS, said Brexit meant "sharply lower growth, a large drop in the pound, and further easing from the Bank of England".

He expects two rate cuts from the central bank over the next six months.

It would take rates from a current record low of 0.5% to zero.

Rates have been at 0.5% since 2009 as Britain has struggled to recover from the 2008 financial crisis.

UBS also expects the vote to put off rate rises in the US.

Economists had thought Janet Yellen, governor of US central bank the Federal Reserve, would put rates up in September - something UBS now thinks won't happen.

Mr Tinsley expects UK growth rates to fall to zero in the second half of the year, the economy had been growing by about 2%, and in the long term there could be even greater damage.

Much depended on future trade negotiations, and what type of access the UK had to the European single market.

"In our view [Brexit] could lower long-run UK GDP by about 3.0% under a scenario in which access is very restricted," he said.

[unemployed]

Taken from the BBC

UK interest rate 'likely to hit zero' following Brexit

UK interest rates are likely to hit zero in the next six months as the Bank of England moves to shore up the economy after the vote to leave the EU.

David Tinsley, UK economist at UBS, said Brexit meant "sharply lower growth, a large drop in the pound, and further easing from the Bank of England".

He expects two rate cuts from the central bank over the next six months.

It would take rates from a current record low of 0.5% to zero.

Rates have been at 0.5% since 2009 as Britain has struggled to recover from the 2008 financial crisis.

UBS also expects the vote to put off rate rises in the US.

Economists had thought Janet Yellen, governor of US central bank the Federal Reserve, would put rates up in September - something UBS now thinks won't happen.

Mr Tinsley expects UK growth rates to fall to zero in the second half of the year, the economy had been growing by about 2%, and in the long term there could be even greater damage.

Much depended on future trade negotiations, and what type of access the UK had to the European single market.

"In our view [Brexit] could lower long-run UK GDP by about 3.0% under a scenario in which access is very restricted," he said.

nice to see the past 8 years has been so productive .