Howdy, Stranger!

It looks like you're new here. Sign in or register to get started.

Options

politicalbetting.com » Blog Archive » Cyclefree on Experts v Commoners

1246

Comments

  • Options
    welshowlwelshowl Posts: 4,460
    edited June 2016

    Free movement is one of the founding principles of the EU. How could you suddenly re-design it a week before a referendum? Even if they did and even if we stayed in, what sort of precedent would it set? How long before a Dutch referendum showing a majority of Dutch people supporting Dutchit and another vow being made over whatever concession was really needed.

    Ah well is this where a British (English?) tradition of cobbled together pragmatism collides with Continental theoretical absolutism.

    The Church of England kept a lot of outward Catholic appearance but is Protestant (Elizabeth I did not want to look into men's souls - ie nod and a wink chaps I won't ask so you don't have to tell). We have been a Republic since 17th Century in many ways but have a flourishing Monarchical outward vista. Bit of bending here and there, the odd silly anomaly all goes with our grain. Not too hard to make a special case for an island to have different movement arrangements (not part of Schengen after all etc) if that's the price of preventing the "end of Western political civilisation" at around 4.00 a.m next Friday. Except to the Continentals I suspect it is, and there's the rub.
  • Options
    SandpitSandpit Posts: 50,263

    welshowl said:

    It's as plain as a pikestaff that freedom of movement is the issue and that everyone around the negotiating table a few months ago made a huge error in not believing the Brits would be anywhere near this position at this point. Cameron, Merkel, Juncker, Tusk, the lot of them.

    How about this for a game-changer: Cameron could announce his immediate resignation, admit that he messed up the renegotiation and urge people to vote Remain to give the new leader a chance to go to Brussels and do it properly this time?
    That might be just about the only option he has left.

    He knows that anything said by the Europeans next week will be counter-productive, so what else has he got, short of calling the whole thing off?
  • Options
    Luckyguy1983Luckyguy1983 Posts: 25,826
    MaxPB said:

    TNS - shy remainers?

    For DKs - the push question:

    20% remain
    17% leave

    Don't think this would be particularly indicative of shy Remainers. Remain is the socially acceptable option. If pushed, a shy Leaver might say Remain.
  • Options
    SlackbladderSlackbladder Posts: 9,713

    welshowl said:

    It's as plain as a pikestaff that freedom of movement is the issue and that everyone around the negotiating table a few months ago made a huge error in not believing the Brits would be anywhere near this position at this point. Cameron, Merkel, Juncker, Tusk, the lot of them.

    How about this for a game-changer: Cameron could announce his immediate resignation, admit that he messed up the renegotiation and urge people to vote Remain to give the new leader a chance to go to Brussels and do it properly this time?
    What would Brussels offer differently? Do you really think we would get a second referendum?

    No, no chance. This is our only chance to really make those in Westminster and Brussels listen. If it's remain, they won't change a thing.
  • Options
    JobabobJobabob Posts: 3,807
    scotslass said:

    Pretty daft to take anything out of SNP sample of 68 voters in TNS given that all full Scottish polls including TNS have shown the SNP support breaking 2-1 for Remain. Also I wouldn't be surprised if there is a cock up here in the sub tables - TNS show a lead of 10 for Remain in Scotland. SNP are half the sample. That would mean Remain having a 26 point lead among Labour and Tory Lib and UKIP combined for it to square the two sub samples. Seems very unlikely and so moral is PUT NOT YOUR FAITH IN SMALL SUB SAMPLES.

    Indeed. Veteran PBers will remember the days when invoking the Scottish subsample could lead to a ban from the site.

    Just ask Stuart Dickson.
  • Options
    Luckyguy1983Luckyguy1983 Posts: 25,826
    Sandpit said:

    welshowl said:

    It's as plain as a pikestaff that freedom of movement is the issue and that everyone around the negotiating table a few months ago made a huge error in not believing the Brits would be anywhere near this position at this point. Cameron, Merkel, Juncker, Tusk, the lot of them.

    How about this for a game-changer: Cameron could announce his immediate resignation, admit that he messed up the renegotiation and urge people to vote Remain to give the new leader a chance to go to Brussels and do it properly this time?
    That might be just about the only option he has left.

    He knows that anything said by the Europeans next week will be counter-productive, so what else has he got, short of calling the whole thing off?
    The new leader in that instance could just as easily (far more easily in fact) go to Brussels and renegotiate on the basis of a 'Leave' vote.
  • Options
    RodCrosbyRodCrosby Posts: 7,737
    Two interesting research snippets...

    'Trump’s biggest strengths on the terror issue are that he is a member of the more hawkish party, he uses more aggressive rhetoric, and he may be perceived as a "stronger leader." Plus, sadly enough, some research indicates that even his gender could be an advantage over Clinton when voters’ fear of terror is high. So in a vacuum, there are many reasons to expect Trump to benefit.'
    http://www.vox.com/2016/6/14/11380320/donald-trump-terrorism-election-political-science

    'Trump “emphasizes the word losing a lot,” Surowiecki notes. “‘We’re losing to the Chinese, we’re losing to the Mexicans, we’re losing our country’...it’s all about how bad things are.”
    That, he posits, is part of why people are doubling down on their support of the brusque billionaire. “They feel like they’ve been losing, especially Republican voters...They are willing to take a risk on a very risky guy because they think it might make them whole again.”'

    http://finance.yahoo.com/news/trump-clinton-2016-loss-aversion-201827730.html
  • Options
    rottenboroughrottenborough Posts: 58,950

    The number of don't knows in TNS seems awfully high.

    Also, if true, it looks like the very young will fail to turn out decisively, yet again.

    I know I shouldn't but I'm starting to get really angry about young people's attitudes to voting on this. They'll have to live with the result for another 30 or 40 years.
  • Options
    FrancisUrquhartFrancisUrquhart Posts: 76,802
    I see Kevin the Teenager is still in full on strop mode.
  • Options
    SandpitSandpit Posts: 50,263

    Sandpit said:

    welshowl said:

    It's as plain as a pikestaff that freedom of movement is the issue and that everyone around the negotiating table a few months ago made a huge error in not believing the Brits would be anywhere near this position at this point. Cameron, Merkel, Juncker, Tusk, the lot of them.

    How about this for a game-changer: Cameron could announce his immediate resignation, admit that he messed up the renegotiation and urge people to vote Remain to give the new leader a chance to go to Brussels and do it properly this time?
    That might be just about the only option he has left.

    He knows that anything said by the Europeans next week will be counter-productive, so what else has he got, short of calling the whole thing off?
    The new leader in that instance could just as easily (far more easily in fact) go to Brussels and renegotiate on the basis of a 'Leave' vote.
    If we vote to Leave, we leave. Any new leader who would like to think otherwise won't last five minutes in the job.
  • Options
    FrancisUrquhartFrancisUrquhart Posts: 76,802
    Mortimer said:

    welshowl said:

    It's as plain as a pikestaff that freedom of movement is the issue and that everyone around the negotiating table a few months ago made a huge error in not believing the Brits would be anywhere near this position at this point. Cameron, Merkel, Juncker, Tusk, the lot of them.

    How about this for a game-changer: Cameron could announce his immediate resignation, admit that he messed up the renegotiation and urge people to vote Remain to give the new leader a chance to go to Brussels and do it properly this time?
    Must admit I've been wondering this too.

    His support base must be at the lowest ever ebb presently.
    ScottP is still onboard :-)
  • Options
    Casino_RoyaleCasino_Royale Posts: 56,292
    If we assume that 18% of all votes are postal votes and have been cast with a Remain 45 to Leave 55 split, then, by my reckoning, Remain need to be ahead by 2.2%* on the day.

    I.e. 51.1% to 48.9%

    *Doesn't factor in NI or expats, potentially.
  • Options
    Morris_DancerMorris_Dancer Posts: 61,066
    Mr. Urquhart, Owen Jones = Kevin the Teenager?
  • Options
    TheWhiteRabbitTheWhiteRabbit Posts: 12,388

    The number of don't knows in TNS seems awfully high.

    Also, if true, it looks like the very young will fail to turn out decisively, yet again.

    I know I shouldn't but I'm starting to get really angry about young people's attitudes to voting on this. They'll have to live with the result for another 30 or 40 years.
    If no-one has convinced them to vote, then no-one has convinced them to vote. No point being angry with them. The system, maybe.
  • Options
    williamglennwilliamglenn Posts: 48,527

    Sandpit said:

    welshowl said:

    It's as plain as a pikestaff that freedom of movement is the issue and that everyone around the negotiating table a few months ago made a huge error in not believing the Brits would be anywhere near this position at this point. Cameron, Merkel, Juncker, Tusk, the lot of them.

    How about this for a game-changer: Cameron could announce his immediate resignation, admit that he messed up the renegotiation and urge people to vote Remain to give the new leader a chance to go to Brussels and do it properly this time?
    That might be just about the only option he has left.

    He knows that anything said by the Europeans next week will be counter-productive, so what else has he got, short of calling the whole thing off?
    The new leader in that instance could just as easily (far more easily in fact) go to Brussels and renegotiate on the basis of a 'Leave' vote.
    But Leave is Leave.

    Cameron could say something like:

    "Over the past few weeks, I've felt the anger of the British people about the deal I got. It did not meet their expectations and it's clear that we need concrete change on free-movement. I didn't do the job the people elected me to do. But our relationship with Europe is bigger than me; it's about our children and their children's future. It's too important to throw away just because of my failings. That's why today I am standing down as Prime Minister."

    At the same time we would have mood music that free-movement would be on the table in some form.
  • Options
    Danny565Danny565 Posts: 8,091

    The number of don't knows in TNS seems awfully high.

    Also, if true, it looks like the very young will fail to turn out decisively, yet again.

    I know I shouldn't but I'm starting to get really angry about young people's attitudes to voting on this. They'll have to live with the result for another 30 or 40 years.
    Again, this is the fault of the Remain Campaign for not giving them any reasons why the result should matter to them. Abstract and dubious claims about GDP figures, threats of falls in prices of houses which young people currently can't get close to buying, and threats from mega-rich businessmen that they'll leave the country, were never going to do the trick. "Remain" have just not given any reasons to anyone who isn't a middle-class homeowner working for a big multinational why a "Remain" result is in their self-interest.
  • Options
    FF43FF43 Posts: 15,937
    On Don't Knows, TNS had vastly more of them than any other pollster during Scotland's Indyref. It also had massively higher No margins than the others. Read into that what you will.
  • Options
    MortimerMortimer Posts: 13,977

    Mortimer said:

    welshowl said:

    It's as plain as a pikestaff that freedom of movement is the issue and that everyone around the negotiating table a few months ago made a huge error in not believing the Brits would be anywhere near this position at this point. Cameron, Merkel, Juncker, Tusk, the lot of them.

    How about this for a game-changer: Cameron could announce his immediate resignation, admit that he messed up the renegotiation and urge people to vote Remain to give the new leader a chance to go to Brussels and do it properly this time?
    Must admit I've been wondering this too.

    His support base must be at the lowest ever ebb presently.
    ScottP is still onboard :-)
    Only because he doesn't realise he'd get better odds switching doors, right?
  • Options
    FrancisUrquhartFrancisUrquhart Posts: 76,802
    Mortimer said:

    Mortimer said:

    welshowl said:

    It's as plain as a pikestaff that freedom of movement is the issue and that everyone around the negotiating table a few months ago made a huge error in not believing the Brits would be anywhere near this position at this point. Cameron, Merkel, Juncker, Tusk, the lot of them.

    How about this for a game-changer: Cameron could announce his immediate resignation, admit that he messed up the renegotiation and urge people to vote Remain to give the new leader a chance to go to Brussels and do it properly this time?
    Must admit I've been wondering this too.

    His support base must be at the lowest ever ebb presently.
    ScottP is still onboard :-)
    Only because he doesn't realise he'd get better odds switching doors, right?
    BOOM BOOM....
  • Options
    TudorRoseTudorRose Posts: 1,662

    Sandpit said:

    welshowl said:

    It's as plain as a pikestaff that freedom of movement is the issue and that everyone around the negotiating table a few months ago made a huge error in not believing the Brits would be anywhere near this position at this point. Cameron, Merkel, Juncker, Tusk, the lot of them.

    How about this for a game-changer: Cameron could announce his immediate resignation, admit that he messed up the renegotiation and urge people to vote Remain to give the new leader a chance to go to Brussels and do it properly this time?
    That might be just about the only option he has left.

    He knows that anything said by the Europeans next week will be counter-productive, so what else has he got, short of calling the whole thing off?
    The new leader in that instance could just as easily (far more easily in fact) go to Brussels and renegotiate on the basis of a 'Leave' vote.
    But Leave is Leave.

    Cameron could say something like:

    "Over the past few weeks, I've felt the anger of the British people about the deal I got. It did not meet their expectations and it's clear that we need concrete change on free-movement. I didn't do the job the people elected me to do. But our relationship with Europe is bigger than me; it's about our children and their children's future. It's too important to throw away just because of my failings. That's why today I am standing down as Prime Minister."

    At the same time we would have mood music that free-movement would be on the table in some form.
    Except that
    (a) free movement wouldn't be on the table, and
    (b) mood music doesn't work any more.
  • Options
    PaulyPauly Posts: 897

    Sandpit said:

    welshowl said:

    It's as plain as a pikestaff that freedom of movement is the issue and that everyone around the negotiating table a few months ago made a huge error in not believing the Brits would be anywhere near this position at this point. Cameron, Merkel, Juncker, Tusk, the lot of them.

    How about this for a game-changer: Cameron could announce his immediate resignation, admit that he messed up the renegotiation and urge people to vote Remain to give the new leader a chance to go to Brussels and do it properly this time?
    That might be just about the only option he has left.

    He knows that anything said by the Europeans next week will be counter-productive, so what else has he got, short of calling the whole thing off?
    The new leader in that instance could just as easily (far more easily in fact) go to Brussels and renegotiate on the basis of a 'Leave' vote.
    But Leave is Leave.

    Cameron could say something like:

    "Over the past few weeks, I've felt the anger of the British people about the deal I got. It did not meet their expectations and it's clear that we need concrete change on free-movement. I didn't do the job the people elected me to do. But our relationship with Europe is bigger than me; it's about our children and their children's future. It's too important to throw away just because of my failings. That's why today I am standing down as Prime Minister."

    At the same time we would have mood music that free-movement would be on the table in some form.
    How long would the snap leadership election take? If a pro-leave leader could be in place officially or otherwise before the vote then it might seriously backfire.
  • Options
    CookieCookie Posts: 11,736
    Is the dissonance between the polling data on the way the Labour vote splits and the anecdotal evidence about the voting intentions of the WWC explained by the fact that fewer and fewer of the WWC actually vote for the Labour party? Just a guess - don't have the stats to hand.
  • Options
    Scott_PScott_P Posts: 51,453
    Mortimer said:

    Only because he doesn't realise he'd get better odds switching doors, right?

    Cameron is the car

    BoZo is a goat
  • Options
    Casino_RoyaleCasino_Royale Posts: 56,292
    Right, got to brief the CEO of Crossrail on a project of mine.

    Play nicely everyone.
  • Options
    John_MJohn_M Posts: 7,503

    The number of don't knows in TNS seems awfully high.

    Also, if true, it looks like the very young will fail to turn out decisively, yet again.

    I know I shouldn't but I'm starting to get really angry about young people's attitudes to voting on this. They'll have to live with the result for another 30 or 40 years.
    You'll enjoy this then :)

    http://blogs.spectator.co.uk/2016/06/brexit-debate-luxury-many-young-people-cant-afford/
  • Options
    FrancisUrquhartFrancisUrquhart Posts: 76,802
    Cookie said:

    Is the dissonance between the polling data on the way the Labour vote splits and the anecdotal evidence about the voting intentions of the WWC explained by the fact that fewer and fewer of the WWC actually vote for the Labour party? Just a guess - don't have the stats to hand.

    That was certainly picked up in the John Harris video, where in Stoke which is has been a Labour heartland forever, he found a number of people who had voted Labour all their life but now UKIP.
  • Options
    Scott_PScott_P Posts: 51,453

    If no-one has convinced them to vote, then no-one has convinced them to vote. No point being angry with them. The system, maybe.

    But what about this AWESOME Yoof campaign...

    https://www.totalpolitics.com/articles/news/keira-knightley-urges-young-people-stop-brexiteers-‘fucking-your-future’
  • Options
    YBarddCwscYBarddCwsc Posts: 7,172

    Sandpit said:

    welshowl said:

    It's as plain as a pikestaff that freedom of movement is the issue and that everyone around the negotiating table a few months ago made a huge error in not believing the Brits would be anywhere near this position at this point. Cameron, Merkel, Juncker, Tusk, the lot of them.

    How about this for a game-changer: Cameron could announce his immediate resignation, admit that he messed up the renegotiation and urge people to vote Remain to give the new leader a chance to go to Brussels and do it properly this time?
    That might be just about the only option he has left.

    He knows that anything said by the Europeans next week will be counter-productive, so what else has he got, short of calling the whole thing off?
    The new leader in that instance could just as easily (far more easily in fact) go to Brussels and renegotiate on the basis of a 'Leave' vote.
    But Leave is Leave.

    Cameron could say something like:

    "Over the past few weeks, I've felt the anger of the British people about the deal I got. It did not meet their expectations and it's clear that we need concrete change on free-movement. I didn't do the job the people elected me to do. But our relationship with Europe is bigger than me; it's about our children and their children's future. It's too important to throw away just because of my failings. That's why today I am standing down as Prime Minister."

    At the same time we would have mood music that free-movement would be on the table in some form.
    What happens to the Referendum?

    No-one can reasonably be expected to vote at all (either Remain or Leave) on the basis that an unknown leader will go and negotiate an unknowable deal at some unknown time in the future.

    So, Parliament would have to legislate to cancel the Referendum. (Can it do that ?)

    Many of us would be doubtful if we would ever get the Referendum back. It has proved far too dangerous to our political classes.
  • Options
    TudorRoseTudorRose Posts: 1,662
    Pauly said:

    Sandpit said:

    welshowl said:

    It's as plain as a pikestaff that freedom of movement is the issue and that everyone around the negotiating table a few months ago made a huge error in not believing the Brits would be anywhere near this position at this point. Cameron, Merkel, Juncker, Tusk, the lot of them.

    How about this for a game-changer: Cameron could announce his immediate resignation, admit that he messed up the renegotiation and urge people to vote Remain to give the new leader a chance to go to Brussels and do it properly this time?
    That might be just about the only option he has left.

    He knows that anything said by the Europeans next week will be counter-productive, so what else has he got, short of calling the whole thing off?
    The new leader in that instance could just as easily (far more easily in fact) go to Brussels and renegotiate on the basis of a 'Leave' vote.
    But Leave is Leave.

    Cameron could say something like:

    "Over the past few weeks, I've felt the anger of the British people about the deal I got. It did not meet their expectations and it's clear that we need concrete change on free-movement. I didn't do the job the people elected me to do. But our relationship with Europe is bigger than me; it's about our children and their children's future. It's too important to throw away just because of my failings. That's why today I am standing down as Prime Minister."

    At the same time we would have mood music that free-movement would be on the table in some form.
    How long would the snap leadership election take? If a pro-leave leader could be in place officially or otherwise before the vote then it might seriously backfire.
    A leadership election would take weeks.
  • Options
    williamglennwilliamglenn Posts: 48,527
    TudorRose said:

    Sandpit said:

    welshowl said:

    It's as plain as a pikestaff that freedom of movement is the issue and that everyone around the negotiating table a few months ago made a huge error in not believing the Brits would be anywhere near this position at this point. Cameron, Merkel, Juncker, Tusk, the lot of them.

    How about this for a game-changer: Cameron could announce his immediate resignation, admit that he messed up the renegotiation and urge people to vote Remain to give the new leader a chance to go to Brussels and do it properly this time?
    That might be just about the only option he has left.

    He knows that anything said by the Europeans next week will be counter-productive, so what else has he got, short of calling the whole thing off?
    The new leader in that instance could just as easily (far more easily in fact) go to Brussels and renegotiate on the basis of a 'Leave' vote.
    But Leave is Leave.

    Cameron could say something like:

    "Over the past few weeks, I've felt the anger of the British people about the deal I got. It did not meet their expectations and it's clear that we need concrete change on free-movement. I didn't do the job the people elected me to do. But our relationship with Europe is bigger than me; it's about our children and their children's future. It's too important to throw away just because of my failings. That's why today I am standing down as Prime Minister."

    At the same time we would have mood music that free-movement would be on the table in some form.
    Except that
    (a) free movement wouldn't be on the table, and
    (b) mood music doesn't work any more.
    It wouldn't matter. Cameron going would be the dead-cat to end dead-cats. The argument that another leader should have a chance would win over most of the people who think Brexit is a risk but also want to stick two-fingers up to Cameron.
  • Options
    Scott_PScott_P Posts: 51,453
    @paulwaugh: £30bn wiped off FTSE today, Remain camp point out. Purely on back of Brexit fears.
    And other European stock markets falling too

    Let them eat sovereignty
  • Options
    Scott_PScott_P Posts: 51,453

    It wouldn't matter. Cameron going would be the dead-cat to end dead-cats. The argument that another leader should have a chance would win over most of the people who think Brexit is a risk but also want to stick two-fingers up to Cameron.

    But the Brexiteers have been insisting Cameron must stay.

    A lie ? From Brexit ?

    I am SHOCKED!
  • Options
    John_MJohn_M Posts: 7,503
    Scott_P said:

    @paulwaugh: £30bn wiped off FTSE today, Remain camp point out. Purely on back of Brexit fears.
    And other European stock markets falling too

    Let them eat sovereignty

    Cameron shouldn't have offered a referendum then, should he?
  • Options
    Luckyguy1983Luckyguy1983 Posts: 25,826
    Scott_P said:

    Mortimer said:

    Only because he doesn't realise he'd get better odds switching doors, right?

    Cameron is the car

    BoZo is a goat
    You shouldn't be too hasty - if Boris gets in, he might spoil you and give you back your chair.
  • Options
    PaulyPauly Posts: 897
    Scott_P said:

    @paulwaugh: £30bn wiped off FTSE today, Remain camp point out. Purely on back of Brexit fears.
    And other European stock markets falling too

    Let them eat sovereignty

    Surely this is just a continuation of the stock markets being heavily correlated with oil price - both declines continued again on the 8th of June. Since the oil rebalancing is still a supply issue rather than demand - I can't see how Brexit is a factor, which will affect global supply negligibly.

    Unless you can present a convincing case for causation over correlation then the case is weak.
  • Options
    FF43FF43 Posts: 15,937

    Sandpit said:

    welshowl said:

    It's as plain as a pikestaff that freedom of movement is the issue and that everyone around the negotiating table a few months ago made a huge error in not believing the Brits would be anywhere near this position at this point. Cameron, Merkel, Juncker, Tusk, the lot of them.

    How about this for a game-changer: Cameron could announce his immediate resignation, admit that he messed up the renegotiation and urge people to vote Remain to give the new leader a chance to go to Brussels and do it properly this time?
    That might be just about the only option he has left.

    He knows that anything said by the Europeans next week will be counter-productive, so what else has he got, short of calling the whole thing off?
    The new leader in that instance could just as easily (far more easily in fact) go to Brussels and renegotiate on the basis of a 'Leave' vote.
    But Leave is Leave.

    Cameron could say something like:

    "Over the past few weeks, I've felt the anger of the British people about the deal I got. It did not meet their expectations and it's clear that we need concrete change on free-movement. I didn't do the job the people elected me to do. But our relationship with Europe is bigger than me; it's about our children and their children's future. It's too important to throw away just because of my failings. That's why today I am standing down as Prime Minister."

    At the same time we would have mood music that free-movement would be on the table in some form.
    What happens to the Referendum?

    No-one can reasonably be expected to vote at all (either Remain or Leave) on the basis that an unknown leader will go and negotiate an unknowable deal at some unknown time in the future.

    So, Parliament would have to legislate to cancel the Referendum. (Can it do that ?)

    Many of us would be doubtful if we would ever get the Referendum back. It has proved far too dangerous to our political classes.
    Won't happen. Freedom of movement is an absolute touchstone for Merkel, who is in line with the German establishment on this. If Britain goes so be it.

    German word: Konsequenz. It closes down every argument.
  • Options
    Scott_PScott_P Posts: 51,453
    @DPJHodges: £30 billion wiped off shares? So what...

    Lucky nobody has a pension investments reliant on the stock market
  • Options
    CharlesCharles Posts: 35,758
    rcs1000 said:

    Europe Elects:

    UK: Women would vote #Remain (51%), men would vote #Leave (58%) (TNS poll).

    Funnily, that's the complete opposite of my experience. I know many more female Leavers than male ones.
    but you just hang out with bolshie women...
  • Options
    John_MJohn_M Posts: 7,503
    Pauly said:

    Scott_P said:

    @paulwaugh: £30bn wiped off FTSE today, Remain camp point out. Purely on back of Brexit fears.
    And other European stock markets falling too

    Let them eat sovereignty

    Surely this is just a continuation of the stock markets being heavily correlated with oil price - both declines continued again on the 8th of June. Since the oil rebalancing is still a supply issue rather than demand - I can't see how Brexit is a factor, which will affect global supply negligibly.

    Unless you can present a convincing case for causation over correlation then the case is weak.
    Scott_P just likes to write 'Let them eat sovereignty'. Let him have his simple pleasure in life.
  • Options
    Danny565Danny565 Posts: 8,091
    Scott_P said:

    @DPJHodges: £30 billion wiped off shares? So what...

    Lucky nobody has a pension investments reliant on the stock market

    Again, as much as the commentariat may sneer, "so what" will be the reaction of many people, especially a lot of Labour voters who could never dream of having major shares in anything.
  • Options
    Sean_FSean_F Posts: 36,101
    Cookie said:

    Is the dissonance between the polling data on the way the Labour vote splits and the anecdotal evidence about the voting intentions of the WWC explained by the fact that fewer and fewer of the WWC actually vote for the Labour party? Just a guess - don't have the stats to hand.

    There are different types of Labour voters. Sub-samples need to be treated with caution, but we can fairly assume that somewhere between 30-40% of Labour supporters now favour Leave, compared to 25-30% previously. But, there'll be places where close to 100% of Labour supporters favour Remain (eg prosperous parts of Greater London) which means there'll be other places (eg Stoke) where majorities of Labour voters support Leave.
  • Options
    TonyETonyE Posts: 938
    Scott_P said:

    @paulwaugh: £30bn wiped off FTSE today, Remain camp point out. Purely on back of Brexit fears.
    And other European stock markets falling too

    Let them eat sovereignty

    The stock market is massively over valued. It's waiting for a massive correction. More obvious than Brexit will be the end of 'easing' - its a market that survives on free money. Yellen will have to tighten, when she does it's game over.
  • Options
    logical_songlogical_song Posts: 9,741
    FTSE now down 2%
  • Options
    TudorRoseTudorRose Posts: 1,662
    Pauly said:

    Scott_P said:

    @paulwaugh: £30bn wiped off FTSE today, Remain camp point out. Purely on back of Brexit fears.
    And other European stock markets falling too

    Let them eat sovereignty

    Surely this is just a continuation of the stock markets being heavily correlated with oil price - both declines continued again on the 8th of June. Since the oil rebalancing is still a supply issue rather than demand - I can't see how Brexit is a factor, which will affect global supply negligibly.

    Unless you can present a convincing case for causation over correlation then the case is weak.
    Especially since Paris and Madrid are down by more than London. Surely they can't believe that they will be more affected by Brexit than the UK.
  • Options
    John_N4John_N4 Posts: 553
    scotslass said:

    Pretty daft to take anything out of SNP sample of 68 voters in TNS given that all full Scottish polls including TNS have shown the SNP support breaking 2-1 for Remain. Also I wouldn't be surprised if there is a cock up here in the sub tables - TNS show a lead of 10 for Remain in Scotland. SNP are half the sample. That would mean Remain having a 26 point lead among Labour and Tory Lib and UKIP combined for it to square the two sub samples. Seems very unlikely and so moral is PUT NOT YOUR FAITH IN SMALL SUB SAMPLES.

    You're right, but even though many SNP voters are great believers in sunshine and "we can do it" I wouldn't go as far as to think that when next Thursday comes they will mostly follow the logic that says "if we all vote Remain then we'll get a new referendum or UDI". Maybe the 2-1 to Remain in other polls is because they think that's what the pollsters want to hear.

    The Western Isles are represented by the SNP in both Westminster and Holyrood but voted for the Union in the indyref and are likely to vote by a large majority (in excess of 70% to 30%) for Leave in the EUref.
  • Options
    TheuniondivvieTheuniondivvie Posts: 40,524
    FF43 said:

    On Don't Knows, TNS had vastly more of them than any other pollster during Scotland's Indyref. It also had massively higher No margins than the others. Read into that what you will.

    True on the DKs and generally on its No inclination, but fwiw the last TNS 2 weeks before the referendum had the No lead at 1pt.
  • Options
    PaulyPauly Posts: 897
    John_M said:

    Pauly said:

    Scott_P said:

    @paulwaugh: £30bn wiped off FTSE today, Remain camp point out. Purely on back of Brexit fears.
    And other European stock markets falling too

    Let them eat sovereignty

    Surely this is just a continuation of the stock markets being heavily correlated with oil price - both declines continued again on the 8th of June. Since the oil rebalancing is still a supply issue rather than demand - I can't see how Brexit is a factor, which will affect global supply negligibly.

    Unless you can present a convincing case for causation over correlation then the case is weak.
    Scott_P just likes to write 'Let them eat sovereignty'. Let him have his simple pleasure in life.
    You say that but MSmithson is joining in on Twitter... but then I suppose he does have a history with the libdems so we'll let him off.
  • Options
    Sean_FSean_F Posts: 36,101
    Danny565 said:

    Scott_P said:

    @DPJHodges: £30 billion wiped off shares? So what...

    Lucky nobody has a pension investments reliant on the stock market

    Again, as much as the commentariat may sneer, "so what" will be the reaction of many people, especially a lot of Labour voters who could never dream of having major shares in anything.
    The FTSE could just as easily rise by 2% tomorrow.
  • Options
    Sean_FSean_F Posts: 36,101
    Scott_P said:

    @DPJHodges: £30 billion wiped off shares? So what...

    Lucky nobody has a pension investments reliant on the stock market

    Lucky that daily shifts in stock prices have SFA impact on pensions.
  • Options
    TonyETonyE Posts: 938
    Scott_P said:

    If no-one has convinced them to vote, then no-one has convinced them to vote. No point being angry with them. The system, maybe.

    But what about this AWESOME Yoof campaign...

    https://www.totalpolitics.com/articles/news/keira-knightley-urges-young-people-stop-brexiteers-‘fucking-your-future’
    Luvvies are really the gift that just keeps on giving.
  • Options
    TheWhiteRabbitTheWhiteRabbit Posts: 12,388
    Sean_F said:

    Danny565 said:

    Scott_P said:

    @DPJHodges: £30 billion wiped off shares? So what...

    Lucky nobody has a pension investments reliant on the stock market

    Again, as much as the commentariat may sneer, "so what" will be the reaction of many people, especially a lot of Labour voters who could never dream of having major shares in anything.
    The FTSE could just as easily rise by 2% tomorrow.
    Stock markets hate uncertainty more than a "bad" outcome.
  • Options
    peter_from_putneypeter_from_putney Posts: 6,875
    edited June 2016
    Pauly said:

    Sandpit said:

    welshowl said:

    It's as plain as a pikestaff that freedom of movement is the issue and that everyone around the negotiating table a few months ago made a huge error in not believing the Brits would be anywhere near this position at this point. Cameron, Merkel, Juncker, Tusk, the lot of them.

    How about this for a game-changer: Cameron could announce his immediate resignation, admit that he messed up the renegotiation and urge people to vote Remain to give the new leader a chance to go to Brussels and do it properly this time?
    That might be just about the only option he has left.

    He knows that anything said by the Europeans next week will be counter-productive, so what else has he got, short of calling the whole thing off?
    The new leader in that instance could just as easily (far more easily in fact) go to Brussels and renegotiate on the basis of a 'Leave' vote.
    But Leave is Leave.

    Cameron could say something like:

    "Over the past few weeks, I've felt the anger of the British people about the deal I got. It did not meet their expectations and it's clear that we need concrete change on free-movement. I didn't do the job the people elected me to do. But our relationship with Europe is bigger than me; it's about our children and their children's future. It's too important to throw away just because of my failings. That's why today I am standing down as Prime Minister."

    At the same time we would have mood music that free-movement would be on the table in some form.
    How long would the snap leadership election take? If a pro-leave leader could be in place officially or otherwise before the vote then it might seriously backfire.
    It's simply not in Cameron's gift to suggest that a deal could still be done and it's certainly not in the style of an Old Etonian to grovel in such a way.
    Although the likelihood of it happening would be remote in the extreme, any significant concessions would have to come from the major EU leaders, perhaps accompanied by say a six month cooling off period, followed by a maximum period of 12 months of renewed negotiations. A further referendum would only be held if the Cabinet of the day, or specially appointed Committee, considered that sufficient progress had been made to justify one, failing which the Brexit procedures would then follow apace.
    Clutching at straws I know.
  • Options
    Scott_PScott_P Posts: 51,453
    @fleetstreetfox: £30bn wiped out - a lot of it off pensions - today by #Brexit fears. That's 3.5 times the annual cost of EU membership. In 10 hrs.
  • Options
    TonyETonyE Posts: 938

    Sean_F said:

    Danny565 said:

    Scott_P said:

    @DPJHodges: £30 billion wiped off shares? So what...

    Lucky nobody has a pension investments reliant on the stock market

    Again, as much as the commentariat may sneer, "so what" will be the reaction of many people, especially a lot of Labour voters who could never dream of having major shares in anything.
    The FTSE could just as easily rise by 2% tomorrow.
    Stock markets hate uncertainty more than a "bad" outcome.
    Don't worry - just buy the dip.
  • Options
    rottenboroughrottenborough Posts: 58,950
    TudorRose said:

    Pauly said:

    Scott_P said:

    @paulwaugh: £30bn wiped off FTSE today, Remain camp point out. Purely on back of Brexit fears.
    And other European stock markets falling too

    Let them eat sovereignty

    Surely this is just a continuation of the stock markets being heavily correlated with oil price - both declines continued again on the 8th of June. Since the oil rebalancing is still a supply issue rather than demand - I can't see how Brexit is a factor, which will affect global supply negligibly.

    Unless you can present a convincing case for causation over correlation then the case is weak.
    Especially since Paris and Madrid are down by more than London. Surely they can't believe that they will be more affected by Brexit than the UK.
    Markets hate uncertainty. Brexit is a massive uncertainty. It is ridiculous to say that share price falls are not related to Brexit fears.
  • Options
    Scott_PScott_P Posts: 51,453
    And a winner at Ascot! 13/2

    Tipped by Tony McCoy earlier today. Looks like Stodge had a miserable day
  • Options
    HHemmeligHHemmelig Posts: 617
    Sean_F said:

    Cookie said:

    Is the dissonance between the polling data on the way the Labour vote splits and the anecdotal evidence about the voting intentions of the WWC explained by the fact that fewer and fewer of the WWC actually vote for the Labour party? Just a guess - don't have the stats to hand.

    There are different types of Labour voters. Sub-samples need to be treated with caution, but we can fairly assume that somewhere between 30-40% of Labour supporters now favour Leave, compared to 25-30% previously. But, there'll be places where close to 100% of Labour supporters favour Remain (eg prosperous parts of Greater London) which means there'll be other places (eg Stoke) where majorities of Labour voters support Leave.
    But there are also indications that Remain is doing much worse than expected with Labour voters in parts of London. See Polly Toynbee's article yesterday which mentioned her experienced in Barking. It's also becoming clear that the ethnic vote is far from unanimously Remain. John Harris's video in Stoke intimates that 9 out of 10 voters he canvassed were for Out. If that really is the case in their WWC heartland seats it's hard to see Remain getting more Labour votes than Leave in total, let alone 60% plus.
  • Options
    rottenboroughrottenborough Posts: 58,950
    Danny565 said:

    Scott_P said:

    @DPJHodges: £30 billion wiped off shares? So what...

    Lucky nobody has a pension investments reliant on the stock market

    Again, as much as the commentariat may sneer, "so what" will be the reaction of many people, especially a lot of Labour voters who could never dream of having major shares in anything.
    Owning shares isn't the point. It is fear of an economic downturn and falling profits, investment and so on. The buck will stop with ordinary employees, it always does. They'll be out of work.
  • Options
    TudorRoseTudorRose Posts: 1,662

    TudorRose said:

    Pauly said:

    Scott_P said:

    @paulwaugh: £30bn wiped off FTSE today, Remain camp point out. Purely on back of Brexit fears.
    And other European stock markets falling too

    Let them eat sovereignty

    Surely this is just a continuation of the stock markets being heavily correlated with oil price - both declines continued again on the 8th of June. Since the oil rebalancing is still a supply issue rather than demand - I can't see how Brexit is a factor, which will affect global supply negligibly.

    Unless you can present a convincing case for causation over correlation then the case is weak.
    Especially since Paris and Madrid are down by more than London. Surely they can't believe that they will be more affected by Brexit than the UK.
    Markets hate uncertainty. Brexit is a massive uncertainty. It is ridiculous to say that share price falls are not related to Brexit fears.
    Uncertainty yes, fears no. After all share price falls today are simply cheaper asset buys tomorrow.
  • Options
    John_MJohn_M Posts: 7,503
    edited June 2016
    TudorRose said:

    Pauly said:

    Scott_P said:

    @paulwaugh: £30bn wiped off FTSE today, Remain camp point out. Purely on back of Brexit fears.
    And other European stock markets falling too

    Let them eat sovereignty

    Surely this is just a continuation of the stock markets being heavily correlated with oil price - both declines continued again on the 8th of June. Since the oil rebalancing is still a supply issue rather than demand - I can't see how Brexit is a factor, which will affect global supply negligibly.

    Unless you can present a convincing case for causation over correlation then the case is weak.
    Especially since Paris and Madrid are down by more than London. Surely they can't believe that they will be more affected by Brexit than the UK.
    I can't stop anyone posting anything on this site, but for goodness sake. The markets are always worried about this or fearful of that. It's incredibly hard to tease out the key elements of any short term trend. I quite understand that it's in Remain's interest to ascribe every movement of {currency, market} to Brexit fears, but it's just so tedious.

    It's also very egotistical - in the great scheme of things the entire uk economy is noise - roughly $3 trillion out of a roughly $74 trillion global. We're a year's growth, if that. The world has bigger things to worry about than the UK - Yellen's next move, China, Japan, the overall commodities cycle. I'm sure Robert could expand that list.
  • Options
    JonCisBackJonCisBack Posts: 911

    Free movement is one of the founding principles of the EU. How could you suddenly re-design it a week before a referendum? Even if they did and even if we stayed in, what sort of precedent would it set? How long before a Dutch referendum showing a majority of Dutch people supporting Dutchit and another vow being made over whatever concession was really needed.

    They can't and won't, as it blows the EU founding principles apart. And if they give special exemptions to the UK, every other country is going to come knocking for their own special conditions.
    The founding principles are from the 1950s when travelling thousands of miles for work was almost unheard of. It was a different world

    The "founding principles" of the USA were that every free man should have the right to bear arms.

    How would you say that one is working out?
  • Options
    AlastairMeeksAlastairMeeks Posts: 30,340
    Well if nothing else, Leavers have accepted today that £350 million a week is neither here nor there.
  • Options
    HYUFDHYUFD Posts: 117,477
    HHemmelig said:

    Sean_F said:

    Cookie said:

    Is the dissonance between the polling data on the way the Labour vote splits and the anecdotal evidence about the voting intentions of the WWC explained by the fact that fewer and fewer of the WWC actually vote for the Labour party? Just a guess - don't have the stats to hand.

    There are different types of Labour voters. Sub-samples need to be treated with caution, but we can fairly assume that somewhere between 30-40% of Labour supporters now favour Leave, compared to 25-30% previously. But, there'll be places where close to 100% of Labour supporters favour Remain (eg prosperous parts of Greater London) which means there'll be other places (eg Stoke) where majorities of Labour voters support Leave.
    But there are also indications that Remain is doing much worse than expected with Labour voters in parts of London. See Polly Toynbee's article yesterday which mentioned her experienced in Barking. It's also becoming clear that the ethnic vote is far from unanimously Remain. John Harris's video in Stoke intimates that 9 out of 10 voters he canvassed were for Out. If that really is the case in their WWC heartland seats it's hard to see Remain getting more Labour votes than Leave in total, let alone 60% plus.
    Even the new polls this week show less than 40% of Labour voters backing Leave, middle-class Labour voters are overwhelmingly Remain even if working class Labour voters are shifting more to Leave
  • Options
    Scott_PScott_P Posts: 51,453
    @david_milliken: Exclusive - ECB would pledge to backstop markets after a Brexit : sources @johnodonnell21 https://t.co/2hw03ypltW
  • Options
    John_MJohn_M Posts: 7,503

    Danny565 said:

    Scott_P said:

    @DPJHodges: £30 billion wiped off shares? So what...

    Lucky nobody has a pension investments reliant on the stock market

    Again, as much as the commentariat may sneer, "so what" will be the reaction of many people, especially a lot of Labour voters who could never dream of having major shares in anything.
    Owning shares isn't the point. It is fear of an economic downturn and falling profits, investment and so on. The buck will stop with ordinary employees, it always does. They'll be out of work.
    Good point. The issue is that at the bottom, the electorate own no shares, have no pension scheme or mortgage or savings and find it very hard to see the correlation between macro-economic indicators and their personal circumstances.
  • Options
    Casino_RoyaleCasino_Royale Posts: 56,292

    The number of don't knows in TNS seems awfully high.

    Also, if true, it looks like the very young will fail to turn out decisively, yet again.

    I know I shouldn't but I'm starting to get really angry about young people's attitudes to voting on this. They'll have to live with the result for another 30 or 40 years.
    That only computes if you don't think an independent Britain will be a fantastic success.

    I think it will be and am certainly thinking of my future children in casting my vote.
  • Options
    TomsToms Posts: 2,478
    To play this speculative game (as in game theory) I might append a sentence at the end as follows:

    Ask yourself, as Cromwell, a man who challenged the inevitable divine right of kings, did: [Is it] “possible you may be mistaken?”

    "And is a country that identifies itself to some extent with an unelected ordinary German family and an unelected upper house not capable of surprises?"
  • Options
    HYUFDHYUFD Posts: 117,477

    MaxPB said:

    TNS - shy remainers?

    For DKs - the push question:

    20% remain
    17% leave

    Don't think this would be particularly indicative of shy Remainers. Remain is the socially acceptable option. If pushed, a shy Leaver might say Remain.
    Only amongst the upper middle-class, in the working class Midlands Remain campaigners are getting doors slammed in their face
  • Options
    rottenboroughrottenborough Posts: 58,950
    From P Cowley:


    Jo miller ‏@jomillerdonny 1h1 hour ago
    Visited busy @MyDoncaster elections team-2day registration extension period resulted in 2.3k applications of which 50%duplicate
  • Options
    SandpitSandpit Posts: 50,263
    HYUFD said:

    HHemmelig said:

    Sean_F said:

    Cookie said:

    Is the dissonance between the polling data on the way the Labour vote splits and the anecdotal evidence about the voting intentions of the WWC explained by the fact that fewer and fewer of the WWC actually vote for the Labour party? Just a guess - don't have the stats to hand.

    There are different types of Labour voters. Sub-samples need to be treated with caution, but we can fairly assume that somewhere between 30-40% of Labour supporters now favour Leave, compared to 25-30% previously. But, there'll be places where close to 100% of Labour supporters favour Remain (eg prosperous parts of Greater London) which means there'll be other places (eg Stoke) where majorities of Labour voters support Leave.
    But there are also indications that Remain is doing much worse than expected with Labour voters in parts of London. See Polly Toynbee's article yesterday which mentioned her experienced in Barking. It's also becoming clear that the ethnic vote is far from unanimously Remain. John Harris's video in Stoke intimates that 9 out of 10 voters he canvassed were for Out. If that really is the case in their WWC heartland seats it's hard to see Remain getting more Labour votes than Leave in total, let alone 60% plus.
    Even the new polls this week show less than 40% of Labour voters backing Leave, middle-class Labour voters are overwhelmingly Remain even if working class Labour voters are shifting more to Leave
    Middle class Labour are going to be absolutely horrified if Leave wins this referendum!
  • Options
    FrancisUrquhartFrancisUrquhart Posts: 76,802

    Free movement is one of the founding principles of the EU. How could you suddenly re-design it a week before a referendum? Even if they did and even if we stayed in, what sort of precedent would it set? How long before a Dutch referendum showing a majority of Dutch people supporting Dutchit and another vow being made over whatever concession was really needed.

    They can't and won't, as it blows the EU founding principles apart. And if they give special exemptions to the UK, every other country is going to come knocking for their own special conditions.
    The founding principles are from the 1950s when travelling thousands of miles for work was almost unheard of. It was a different world

    The "founding principles" of the USA were that every free man should have the right to bear arms.

    How would you say that one is working out?
    It would be sensible to radically reform both, but neither will. If Cameron had come back with his deal that had managed proper reform on this issue, he would have walked the referendum.
  • Options
    rottenboroughrottenborough Posts: 58,950
    I wonder how Downing Street is this afternoon?
  • Options
    Scott_PScott_P Posts: 51,453
    Some light relief

    @ScottyNational: News:#IndyCamp defendants published full list of requested witnesses-
    The Queen
    Jesus
    Wallace's ghost
    Salmond's Portrait
    a Tunnock's Teacake

    Not all of these are made up...
  • Options
    PaulyPauly Posts: 897
    Any Labour people worried the low-coverage for the Tooting by-election might flip it blue via turnout? I've barely heard anything - even here.
  • Options
    HYUFDHYUFD Posts: 117,477
    Sandpit said:

    HYUFD said:

    HHemmelig said:

    Sean_F said:

    Cookie said:

    Is the dissonance between the polling data on the way the Labour vote splits and the anecdotal evidence about the voting intentions of the WWC explained by the fact that fewer and fewer of the WWC actually vote for the Labour party? Just a guess - don't have the stats to hand.

    There are different types of Labour voters. Sub-samples need to be treated with caution, but we can fairly assume that somewhere between 30-40% of Labour supporters now favour Leave, compared to 25-30% previously. But, there'll be places where close to 100% of Labour supporters favour Remain (eg prosperous parts of Greater London) which means there'll be other places (eg Stoke) where majorities of Labour voters support Leave.
    But there are also indications that Remain is doing much worse than expected with Labour voters in parts of London. See Polly Toynbee's article yesterday which mentioned her experienced in Barking. It's also becoming clear that the ethnic vote is far from unanimously Remain. John Harris's video in Stoke intimates that 9 out of 10 voters he canvassed were for Out. If that really is the case in their WWC heartland seats it's hard to see Remain getting more Labour votes than Leave in total, let alone 60% plus.
    Even the new polls this week show less than 40% of Labour voters backing Leave, middle-class Labour voters are overwhelmingly Remain even if working class Labour voters are shifting more to Leave
    Middle class Labour are going to be absolutely horrified if Leave wins this referendum!
    Maybe but they are now close to if not a majority of the Labour vote following the rise of UKIP
  • Options
    weejonnieweejonnie Posts: 3,820

    Well if nothing else, Leavers have accepted today that £350 million a week is neither here nor there.

    OK - just keep talking about £212 million a week instead. Presumably you think it is 'neither here nor there' - but I do.
  • Options
    Sunil_PrasannanSunil_Prasannan Posts: 49,765

    Well if nothing else, Leavers have accepted today that £350 million a week is neither here nor there.

    Actually, it's £163 million a week (net). ;)
  • Options
    FrancisUrquhartFrancisUrquhart Posts: 76,802
    Pauly said:

    Any Labour people worried the low-coverage for the Tooting by-election might flip it blue via turnout? I've barely heard anything - even here.

    Labour will walk it.
  • Options
    ConcanvasserConcanvasser Posts: 165
    Another day where the EU is not featuring in the top 3 issues on the BBC news.

    I thought Dave cleared the schedules so that Jeremy could take the helm of the Remain campaign and appeal to the Labour vote? Not going to over turn Leaves lead at this rate.

    Can you imagine the exquisite agony of people like Heseltine, knowing they must now just shut up and leave it to Jeremy Corbin to make the closing statement for the defence for the UK's future in the EU.

    Even if I live to be 120 years old, the £3 I donated to Labour in order to vote for Jeremy will be the best money I ever spent.




  • Options
    chestnutchestnut Posts: 7,341
    What is the old adage about the stock market? Sell in May and go away.

    Remain making themselves look very silly yet again. FTSE was barely 5500 last autumn.
  • Options
    John_N4John_N4 Posts: 553
    Average of last five online polls (ignoring DK/WV/WS): Leave 52.1%, Remain 47.9%

    Average of last five phone polls (ditto): Leave 50.4%, Remain 49.6%

    Give them equal weightings and we get Leave 51.2%, Remain 48.8%.
  • Options
    FrancisUrquhartFrancisUrquhart Posts: 76,802

    I wonder how Downing Street is this afternoon?

    Fags getting a good bashing...
  • Options
    AlastairMeeksAlastairMeeks Posts: 30,340
    @weejonnie But we've been told that £20 billion in a day is loose change.

    Or is this special Leaver mathematics?
  • Options
    Scrapheap_as_wasScrapheap_as_was Posts: 10,061
    Sean_F said:

    Scott_P said:

    @DPJHodges: £30 billion wiped off shares? So what...

    Lucky nobody has a pension investments reliant on the stock market

    Lucky that daily shifts in stock prices have SFA impact on pensions.
    Woefully wrong.

    I've been advising 4 new clients who are all imminently crystallisng their pension benefits (and aren't high net worth) that their investment horizon was currently far too short to be in managed funds (typically 85% shares) and we've been moving them in to cash ahead of the pension freedoms decisions which are now vast and so take time to decide upon - we've been selling out urgently ahead of the Brexit vote in some cases to get in to money market or deposit for the short term.

    Fortunately we got them out at nearer 6,300.

    Thing is they know the pots they have to work with now and even if we miss a relief rally if we remainers win, they can sleep ok currently.

  • Options
    HYUFDHYUFD Posts: 117,477
    John_N4 said:

    Average of last five online polls (ignoring DK/WV/WS): Leave 52.1%, Remain 47.9%

    Average of last five phone polls (ditto): Leave 50.4%, Remain 49.6%

    Give them equal weightings and we get Leave 51.2%, Remain 48.8%.

    With over 10% still undecided though much still to play for
  • Options
    Sean_FSean_F Posts: 36,101
    Pauly said:

    Any Labour people worried the low-coverage for the Tooting by-election might flip it blue via turnout? I've barely heard anything - even here.

    Labour will win easily.
  • Options
    weejonnieweejonnie Posts: 3,820
    TudorRose said:

    TudorRose said:

    Pauly said:

    Scott_P said:

    @paulwaugh: £30bn wiped off FTSE today, Remain camp point out. Purely on back of Brexit fears.
    And other European stock markets falling too

    Let them eat sovereignty

    Surely this is just a continuation of the stock markets being heavily correlated with oil price - both declines continued again on the 8th of June. Since the oil rebalancing is still a supply issue rather than demand - I can't see how Brexit is a factor, which will affect global supply negligibly.

    Unless you can present a convincing case for causation over correlation then the case is weak.
    Especially since Paris and Madrid are down by more than London. Surely they can't believe that they will be more affected by Brexit than the UK.
    Markets hate uncertainty. Brexit is a massive uncertainty. It is ridiculous to say that share price falls are not related to Brexit fears.
    Uncertainty yes, fears no. After all share price falls today are simply cheaper asset buys tomorrow.
    You bought into Marconi? However I agree - uncertainty is the cause - after all the pound went UP against the Euro today - which could be interpreted that the Eurozone's problems are a lot greater than the UK's. (Which rather puts the UK at a much better bargaining position if we do Brexit - not that David Cameronwouldnt mess it up)
  • Options
    GIN1138GIN1138 Posts: 21,052

    I wonder how Downing Street is this afternoon?

    Hoping and preying that there's going to be a stock market crash and a run on Sterling I should think? ;)
  • Options
    RobDRobD Posts: 59,127
    Pauly said:

    Any Labour people worried the low-coverage for the Tooting by-election might flip it blue via turnout? I've barely heard anything - even here.

    That would be an utterly desirable and splendid outcome. :)
  • Options
    Casino_RoyaleCasino_Royale Posts: 56,292
    Sean_F said:

    Danny565 said:

    Scott_P said:

    @DPJHodges: £30 billion wiped off shares? So what...

    Lucky nobody has a pension investments reliant on the stock market

    Again, as much as the commentariat may sneer, "so what" will be the reaction of many people, especially a lot of Labour voters who could never dream of having major shares in anything.
    The FTSE could just as easily rise by 2% tomorrow.
    Playing on stock and currency movements is all Remain has left.
  • Options
    NickPalmerNickPalmer Posts: 21,382
    Curious Opinium poll clearly commissioned by a pro-Leave body, asking what union I belong to, whether I'm happy with them, and whether I'd support EU membership under various scary hypotheses (e.g. that the EU instructed Britain to privatise the NHS). Presumably this will pop up in a few days somewhere like the Sun, as evidence that unions don't represent their members because they "show unease over EU intentions towards the NHS".
  • Options
    Scrapheap_as_wasScrapheap_as_was Posts: 10,061

    Sean_F said:

    Danny565 said:

    Scott_P said:

    @DPJHodges: £30 billion wiped off shares? So what...

    Lucky nobody has a pension investments reliant on the stock market

    Again, as much as the commentariat may sneer, "so what" will be the reaction of many people, especially a lot of Labour voters who could never dream of having major shares in anything.
    The FTSE could just as easily rise by 2% tomorrow.
    Stock markets hate uncertainty more than a "bad" outcome.
    Correct - all I'm saying to clients of any 'colour' when they ask me is that I want this uncertainty settled asap and that's as far as I put my colours on display. I'm guessing my clients are 80/20 remain vs leave.
  • Options
    Morris_DancerMorris_Dancer Posts: 61,066
    Mr. Royale, quite.

    Could work.
  • Options
    Paul_BedfordshirePaul_Bedfordshire Posts: 3,632
    edited June 2016

    Sean_F said:

    Danny565 said:

    Scott_P said:

    @DPJHodges: £30 billion wiped off shares? So what...

    Lucky nobody has a pension investments reliant on the stock market

    Again, as much as the commentariat may sneer, "so what" will be the reaction of many people, especially a lot of Labour voters who could never dream of having major shares in anything.
    The FTSE could just as easily rise by 2% tomorrow.
    Playing on stock and currency movements is all Remain has left.
    Nothing on the front page of www.bbc.co.uk/news about this or Corbyn

    Just Watson denouncing the EU immigration rules and vote leave wanting to protect EU grants until 2020 quite a way down

    The only big stories are the Russian Hooligans and the unpleasantness in Orlando.

    Its like they've lost interest.

    2% is noise almost these days.

    Its got that 2-0 down and only 5 mins plus injury time to go feel.

  • Options
    John_MJohn_M Posts: 7,503

    @weejonnie But we've been told that £20 billion in a day is loose change.

    Or is this special Leaver mathematics?

    Gosh Alistair, how do you sleep at night knowing that house prices go up and down? There is, as you well know, a difference between revenue and value. Stop trolling ;).
  • Options
    RobDRobD Posts: 59,127

    @weejonnie But we've been told that £20 billion in a day is loose change.

    Or is this special Leaver mathematics?

    Makes you wonder why people invest in stocks if they go down as well as up.
  • Options
    Scrapheap_as_wasScrapheap_as_was Posts: 10,061
    chestnut said:

    What is the old adage about the stock market? Sell in May and go away.

    Remain making themselves look very silly yet again. FTSE was barely 5500 last autumn.

    Let's play this game... it was circa 7,000 just over 12 months ago.
  • Options
    MP_SEMP_SE Posts: 3,642

    Another day where the EU is not featuring in the top 3 issues on the BBC news.

    I thought Dave cleared the schedules so that Jeremy could take the helm of the Remain campaign and appeal to the Labour vote? Not going to over turn Leaves lead at this rate.

    Can you imagine the exquisite agony of people like Heseltine, knowing they must now just shut up and leave it to Jeremy Corbin to make the closing statement for the defence for the UK's future in the EU.

    Even if I live to be 120 years old, the £3 I donated to Labour in order to vote for Jeremy will be the best money I ever spent.




    That's good to hear that Labour's second attempt at launching their Remain campaign has received poor coverage in the press.
  • Options
    NickPalmerNickPalmer Posts: 21,382
    Pauly said:

    Any Labour people worried the low-coverage for the Tooting by-election might flip it blue via turnout? I've barely heard anything - even here.

    My understanding is that it's been pretty low key (people on both sides have been preoccupied with the referendum, apart from local members) but Labour doesn't expect to come close to losing. Lowish turnout, though, I suspect.
  • Options
    FrancisUrquhartFrancisUrquhart Posts: 76,802
    http://order-order.com/2016/06/14/ken-i-couldve-sued-lying-chuka/

    I am not sure what the point of a suspension for ken...he clearly isn't going to apologise or willing to take on board alternative views.
This discussion has been closed.