Brexit and Financial Markets

I'm not sure that what you believe might happen if we rerun the referendum is very important since we are not going to rerun the referendum but I do think that what will happen if the referendum is ignored will be worse than Brexit. I say this as a remain voter.

If they dally over invoking Article 50 long enough perceptions could be changed among enough people to warrant another referendum I think.
 
What do you think the Brexiters will do if their referendum vote isn't abided by, they are not going to go quietly into the night saying OK we didn't really mean it are they?

They would have a just cause because they won the vote and were in the majority, they are determined and mostly unrepentant about the vote and the whole elite versus us stick would now be born out.

The country could become ungovernable very quickly in my opinion.
 
Don't worry guys. Now Theresa May will talk with the EU were she will clearly show them that the EU bending over backwards to the Brits will benefit both the EU and the UK.
 
What do you think the Brexiters will do if their referendum vote isn't abided by, they are not going to go quietly into the night saying OK we didn't really mean it are they?

They would have a just cause because they won the vote and were in the majority, they are determined and mostly unrepentant about the vote and the whole elite versus us stick would now be born out.

The country could become ungovernable very quickly in my opinion.

What if they did decide to hold another referendum and Remain won that one, theoretically they are equally democratic , so why should one be more valid than the other.
 
What if they did decide to hold another referendum and Remain won that one, theoretically they are equally democratic , so why should one be more valid than the other.


And then another and another and another.

It can't work that way can it, and it doesn't matter what we think about the result, its one thing to not hold the referendum its quite something else to decide to ignore it. At that point the Brexit supporters will get organised and the state of the country by the time that outrage is spent will make Brexit seem like a picnic.
 
What if they did decide to hold another referendum and Remain won that one, theoretically they are equally democratic , so why should one be more valid than the other.

That particular ref would be democratic but holding refs till you get the result you want isnt, but you know that
 
And then another and another and another.

It can't work that way can it, and it doesn't matter what we think about the result, its one thing to not hold the referendum its quite something else to decide to ignore it. At that point the Brexit supporters will get organised and the state of the country by the time that outrage is spent will make Brexit seem like a picnic.

Yes you could have one every month and possibly get a different result every time, but at the end of the day whatever is best for the country has to be the right answer . this should never have been put in the hands of the people - but as for outrage - at this moment in time there is probably more outrage at Leave than the other way round so do you have to give into thugs rather than accept the country is in dire straits and looks as if it will get far worse.
 
Yes you could have one every month and possibly get a different result every time, but at the end of the day whatever is best for the country has to be the right answer . this should never have been put in the hands of the people - but as for outrage - at this moment in time there is probably more outrage at Leave than the other way round so do you have to give into thugs rather than accept the country is in dire straits and looks as if it will get far worse.

The thing is when you renege on the referendum result you become the thug, it is a clear escalation in the divide and just because you and I think it was a mistake doesn't mean it was, nor does it mean we have the right to repress the democratic decision of the majority of the UK as freely expressed only 2 weeks ago. There is no way ignoring the result leads to a better outcome than going along with Brexit. The vote happened and it changed everything and that's that.
 
The thing is when you renege on the referendum result you become the thug, it is a clear escalation in the divide and just because you and I think it was a mistake doesn't mean it was, nor does it mean we have the right to repress the democratic decision of the majority of the UK as freely expressed only 2 weeks ago. There is no way ignoring the result leads to a better outcome than going along with Brexit. The vote happened and it changed everything and that's that.

Even if it means disaster for millions of people including those who still currently think they made the right decision in voting Leave?
 
The thing is when you renege on the referendum result you become the thug, it is a clear escalation in the divide and just because you and I think it was a mistake doesn't mean it was, nor does it mean we have the right to repress the democratic decision of the majority of the UK as freely expressed only 2 weeks ago. There is no way ignoring the result leads to a better outcome than going along with Brexit. The vote happened and it changed everything and that's that.

The only way to get out of this is to call a snap election were political parties declare which side they are beforehand
 
Even if it means disaster for millions of people including those who still currently think they made the right decision in voting Leave?

Yes even then Paul, because the consequences of even trying to put the genie back in the bottle will be far more severe.
 
The only way to get out of this is to call a snap election were political parties declare which side they are beforehand

I don't think that will happen. The risk there is that while the remain vote is divided between all the major parties Brexit vote UKIP into a majority in Westminster and you just made things even worse.
 
Depends on one's interpretation of democracy

Where people get to choose or vote, my brother votes tory and i hate that he does but he has the right.

Any remainers voted tory i laugh and point at now, how stupid must they feel but they made a choice
 
Yes even then Paul, because the consequences of even trying to put the genie back in the bottle will be far more severe.

You may be right, but what a mess - basically all this referendum has achieved is destroy both the main political parties, split the people into two camps and imposed years of financial misery.
 
Maybe Paul yoi think getting what YOU think is right for a country you dont live in is democracy
 
You may be right, but what a mess - basically all this referendum has achieved is destroy both the main political parties, split the people into two camps and imposed years of financial misery.

Destroying the parties is the best thing to come out of this so far
 
I don't think that will happen. The risk there is that while the remain vote is divided between all the major parties Brexit vote UKIP into a majority in Westminster and you just made things even worse.

What makes you believe that most parties will declare towards remain?
 
What makes you believe that most parties will declare towards remain?

If there is a snap election then UKIP will be the winner as they ramp up the "they are trying to steal our brexit away and only UKIP truly believe". I might be wrong but all the other main parties were for staying in the EU and it will hurt them.
 
If there is a snap election then UKIP will be the winner as they ramp up the "they are trying to steal our brexit away and only UKIP truly believe". I might be wrong but all the other main parties were for staying in the EU and it will hurt them.

I think theres more chance of the Lib Dems surging on a 'we're the only party that wants us to stay in Europe' mantra, but don't think either would win the election outright.
 
The Lib Dems have declared towards Remain but I wouldn't expect to see any other party do so (except Green). Labour and the Tories certainly wouldn't, even if they have no plans to invoke article 50.
 
If there is a snap election then UKIP will be the winner as they ramp up the "they are trying to steal our brexit away and only UKIP truly believe". I might be wrong but all the other main parties were for staying in the EU and it will hurt them.

So how exactly UKIP are planning to govern considering that their leader has just fled at the sight of Brexit? If I was Theresa May I will allow the economy to be crushed to the ground a tiny while more, while exposing Gove/Boris lies. When the time is right I would kick Gove/Boris out and then call for a general election declaring the Tory Party for Remain. Hopefully the people would vote with their brains rather then their heart this time out. Britain doesn't rule the waves anymore

SNP, A fragmented tory party and Lib Dem can win next election
 
So how exactly UKIP are planning to govern considering that their leader has just fled at the sight of Brexit? If I was Theresa May I will allow the economy to be burnt to the ground a tiny while more and then call for a general election. Hopefully the people would vote with their mind rather then their heart this time out. Britain doesn't rule the waves anymore

Except Theresa has just has stated there is no ignoring the referendum. Who is going to win the general election on a pro EU platform, Labour under JC or the Liberal guy no one can even remember. If there is a snap election I don't see how it would result in a mandate to overturn the referendum.

As a matter of fact it will rule more of them when it has it's own EEZ instead of sharing it with the EU, small comfort maybe but never the less.
 
No major political leader will say they will ignore the referendum until the leadership messes have been sorted and some more time has gone past. Once the political landscape is calmer and the economy continues to tank - who knows what will happen. Article 50 won't be invoked any time soon.
 
Christ, my shares in Taylor Wimpey and Aviva have taken an absolute mauling. Was really 50/50 on just pulling out before the referendum, decided against it...
 
What do you think the Brexiters will do if their referendum vote isn't abided by, they are not going to go quietly into the night saying OK we didn't really mean it are they?

I don't think you can ignore the referendum but it can be superseded....if Tories/Labour contests the coming General Election with pledge to keep UK in Europe (or at least promising a 2nd referendum) and wins it.
 
Except Theresa has just has stated there is no ignoring the referendum. Who is going to win the general election on a pro EU platform, Labour under JC or the Liberal guy no one can even remember. If there is a snap election I don't see how it would result in a mandate to overturn the referendum.

As a matter of fact it will rule more of them when it has it's own EEZ instead of sharing it with the EU, small comfort maybe but never the less.

There is speculation that the EU is expecting us to drag enacting Article 50 out another 14 months. In that case, after 14 months of economic slow down and some job losses I would expect the public appetite for us to enact Article 50 and make everything worse for at least a few more years will not be that great.
 
There is speculation that the EU is expecting us to drag enacting Article 50 out another 14 months. In that case, after 14 months of economic slow down and some job losses I would expect the public appetite for us to enact Article 50 and make everything worse for at least a few more years will not be that great.

But what exactly would the strategy behind this procrastination be? I don't think there is much doubt that legal uncertainty will hurt the economy.
 
Christ, my shares in Taylor Wimpey and Aviva have taken an absolute mauling. Was really 50/50 on just pulling out before the referendum, decided against it...
:lol:You're probably in the wost two sectors. Not laughing too hard, my Barclays and ITV shares have been utterly battered.
The housebuilders have to be a buying opp soon. Another big down leg today. Might check out the balance sheets of Berkeley, Persimmon and Bovis etc...tom. On a three to five year view, they have to be tempting. Unless no immigrants, no housing...
 
The pound just keeps falling and falling. Will it get any better soon? Who the feck knows. I'm certainly fecked for me jollys in a week!
 
:lol:You're probably in the wost two sectors. Not laughing too hard, my Barclays and ITV shares have been utterly battered.
The housebuilders have to be a buying opp soon. Another big down leg today. Might check out the balance sheets of Berkeley, Persimmon and Bovis etc...tom. On a three to five year view, they have to be tempting. Unless no immigrants, no housing...

I'm still waiting to buy!
 
And then another and another and another.

It can't work that way can it, and it doesn't matter what we think about the result, its one thing to not hold the referendum its quite something else to decide to ignore it. At that point the Brexit supporters will get organised and the state of the country by the time that outrage is spent will make Brexit seem like a picnic.
A repeat referendum, conducted at a time when the electorate is better informed about the consequences, is a more democratic choice than sticking to the result of the original vote.

Or, you know, an elected representative whose job it is to be educated in the complexities of Brexit should make the decision.

Either of those two choices would give a better result than what we got on June 23rd. The second option is the one that the UK's system of government is supposed to be based upon, and is clearly the only one that should be used to decide such a momentous move. The vagaries of the electorate are exactly what Parliament is supposed to help avoid. Parliament is also there to help avoid the absurd but still demonstrably democratic situation in which we hold referendums ad absurdiam.

In any case, 'Democratic' should never be taken as a byword for 'correct'. It's that kind of zeal which makes debating with the religious so pointless. Democracy is great, but too much Democracy leads to uninformed decisions.

We're steering towards the rocks and there's no shame in admitting that Democracy is letting us down. Our elected representatives have a duty to push the brakes. It's silly to cling onto the puritanical values of Direct Democracy. They're far too simplistic.
 
This will be the way until Autumn. When we have a new PM and a confirmed plan by way of exit negotiations, things should stabilise a bit. Definitely not going to how it was for a long while though.