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Extreme Brexit could be worse than financial crisis for UK: BoE

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1 hour ago, nontabury said:

Agree, and caused by those who voted remain, and then refused to accept the Democratic decision of their fellow citizens.

The problem is that any mature democracy that uses refernda in it's democratic processes knows that if a referendum affects major constitutional issues and that reforedum is to be binding it needs to have a supermajority of at least 10-15%   - otherwise we see precisely what we have now - a fracture of the country 50/50.

 

Stupid mistakes were made - the referendum didn't  need a supermajority because it was non-binding - there some said they would accept it as binding. So now we have a broken country - both it and both political parties are possibly irrevocably split.   

 

You might get brexit - but will the price be worth paying ?

 

I don't think our current democratic system will survive it . The Britain we all know is already dead - I worry about what will replace it. 

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the monkey, boboon, commented, in despair?, further up,

dunno where we go from this;

 

neither do I, but a comment

 

EU has no interest in a no deal Brexit

if there should be a snappy change of government in UK, underlining snappy

(no, not bojo replacing tm, but a non tory replacing tm)

 

one should not exclude the possibility of going back to eu and ask for changes  to deal,

of course one must be down to earth with the wish list and concrete with wishes

and it must be win-win oriented, must be juice for eu  in this

 

such will require that tory recognizes that they have messed brexit up and then step aside

 

not likely to happen as politicians are allergic to admitting mistakes and act accordingly

 

 

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6 minutes ago, talahtnut said:

tebee, have you got one of the sandwich boards

with 'The end of the world is nigh' written on it.

Honestly, you worry too much about doom and

gloom. Get out and have a bit of fun for the New

Year mate.

agree

he probably missed out on the Beau Nov in November also

 

France is brilliant for seafood

 

 

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9 hours ago, billd766 said:

I used to be but when I voted to leave I fully expected a drop in the forex rate but I hadn't expected so much for so long.

 

 

  May i humbly suggest , you Google  the five  year forecast on  Gbp / Thb  exchange  rates , 

    predicted  to be as low as  36,  if we are  lucky .

     

   

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5 minutes ago, melvinmelvin said:

since the clear policy view by Cameron and TM three years ago

a LOT of work has been invested in producing MESS and chaos

'Never attribute to malice that which can be explained by incompetence...'

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9 minutes ago, baboon said:

'Never attribute to malice that which can be explained by incompetence...'

its a bit worse than incompetence in the sense of stupidity

 

after decades of EU membership UK doesn't really have a lot

of clever civil servants with adequate experience to handle these issues

 

same goes for trade, trade negotiators of high quality are few and far between in UK

the EU is doing all the dealings

UK has some very good ones, but they work for the Commission

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2 hours ago, vinny41 said:

 

 

So you are unable to provide any supporting evidence to support your claim of " He's a nasty young BNP punk "

I take you know he is 37 years old

Matthew Goodwin is Lecturer in Politics in the School of Politics and International Relations at the University of Nottingham, and an Associate Fellow of Chatham House. His substantive research interests are political extremism, voting behaviour and immigration. He is the author of New British Fascism: Rise of the British National Party, and co-editor of The New Extremism in TwentyFirst Century Britain (both published by Routledge). His research has been published in leading academic journals, including the European Journal of Political Research, the Journal of Elections, Public Opinion and Parties, and Political Studies. Drawing on this research, Dr Goodwin has advised governmental and other agencies on these issues, including the Home Office, Cabinet Office, Department for Communities and Local Government (DCLG), Equalities and Human Rights Commission (EHRC), local authorities and security services. He is a frequent panellist at international conferences and regular media commentator, including in the Economist, New York Times, Guardian and Financial Times, and on Newsnight and Westminster Hour. From 2007 to 2010, he was based at the University of Manchester where he was an Economic and Social Research Council (ESRC) Postdoctoral Research Follow. His research in this area has also been partly funded by the British Academy.

https://www.chathamhouse.org/sites/default/files/r0911_goodwin.pdf

 

Irish whisky is so much better than scotch whisky

 

 t

You have your opinion

 

And I have the right to ignore your opinion.

 

BTW Irish Whisky?

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The MPs don't realise they need to put their political beliefs aside and back a deal to get us out of this hole. It isn't going to please everybody, but the alternative is worse for everybody. 

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15 minutes ago, billd766 said:

I don't believe that ANY financial forecast will be in anyway accurate for a period of longer than 6 months.

 

To quote a former UK Prime minister, Harold Wilson, A week is a long time in politics

 

What would happen to the THB/GBP exchange rate if the current government loses the coming election and the military has another coup in 3 months time?

 

What if the new government becomes a coalition government and has enough votes to tear up the current constitution?

 

        i admire , your optimism ..    military coup , in the UK ,   i will second that motion brother.

Edited by elliss

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49 minutes ago, melvinmelvin said:

"interesting"? developments

 

quite long time ago Cameron "promised" vote on EU membership

 

the referendum on EU came to fruition

PM Cameron was quite clear; whatever you guys decide the government will implement, up to you

referendum held

result, majority leave

Cameron jumped ship

TM grabbed the tiller

Brexit means Brexit

 

fairly clear policy from the top, brexit means brexit

 

two unfortunate court case deliberations - no PM can not bypass parliament

 

OK, still, Brexit means Brexit

 

think think think

 

A50 triggered

 

think (not enough) GE, enjoyed majority lost, PM ending up getting DUPed

 

no deal is better than bad deal - new cabinet slogan

 

year and a half with EU; chat chat chat chat chat

outcome; a dreadful deal, fairly crappish in my view

 

since A50  bill was passed, parliament has done roughly zilch

 

deal is on the table - parliament is pissed off - half cabinet is pissed off - DUP is pissed off

 

the choice is widening now;

PM offers, my-deal - no-deal - no-Brexit

 

from Cameron's we implement what you decide and TM's Brexit means Brexit we now have a huge menu

parliament is drowning in options

 

Corbyn's non conf in PM is on the table

may-deal is on the table

hard brexit is on the table

non conf in government may surface

revoke A50 is up in the air

2nd  referendum is frequently aired

going back to EU is aired  by Labour (that is roughly half the electorate)

 

and quite surely, I  have missed some items

 

since the clear policy view by Cameron and TM three years ago

a LOT of work has been invested in producing MESS and chaos

 

now,

whatever happens with Brexit, there are lessons to be learned  from this process

one  would hope that UK is up to learning from it and fix shortcomings so it doesn't happen again

 

(if I  were a UK mechanic I know where I would start)

 

 

 

You've done a great job of summarising the mess without offering any solutions.

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16 minutes ago, billd766 said:

What would happen to the THB/GBP exchange rate if the current government loses the coming election and the military has another coup in 3 months time?

It would probably shoot up. The Baht, that is...

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2 hours ago, evadgib said:

There isn't a HARD brexit; it's only ever been leave!

So get on with it, I say, and stop blaming everyone else.

 

 

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