Sterling biggest one day plunge against dollar ever, dwarfing even Black Wednesday .
We just have to hope this is temporary. If it isn't we're in serious trouble.
No need to be so fatalist.
Not being fatalist, being realistic. You don't see such a sudden, uncontrolled devaluation without there being negative consequences.
Rising inflation? That's probably a net gain for us at the moment.
Let's also remember that Sterling was down neae parity with EUR just a few years ago, this fall, while large, isn't anywhere near the worst we've seen. It also puts our exporters on the same playing field as Germany for non-EU exports. Obviously our government needs to come to an agreement pretty fast with the EU for trade, but I'm confident in this nations ability to weather the storm and come out on the other side stronger than ever.
This what happens when people in the London bubble forget that people from the provinces don't really care what happens to London and its banks.
Or, this is what happens when some pied piper says the solution to all your woes is to kick out that guy over there in the blue suit with yellow stars.
Only if you are the sort of person that continues to disrespect WC voters and think they are all stupid, that worked out well last time.
No, not at all. The woes are genuine. The proposed solution is not.
Still, we are all in the petri dish now and we'll know in five years time.
Radio 4's Today programme just said he would be on the programme at some point.
Oh, can you let us know when! I'd like to tune in I think!!
He will speak before markets open.
I hope he resigns and says 'stuff the lot of you'.
Given the queen's intervention in the referendum debate, that all the editors and journos are too chickenshit to talk about, Cameron should tell her to stuff the prime minister's job up her bum, and that no he won't stay on as caretaker, and now he's resigned what he does tomorrow is his own business.
Meanwhile I am Just waiting for Tyson and Meeks to pop up and blame the result on all the racist xenophobic little Englander nutters that live there for jumping on their collective hobby horses.
You've done the job for me. It's a dark day in our history, a bad decision taken for worse reasons.
We're going to find out what it means to put the country in the hands of people who are tired of experts. I can't say that fills me with optimism.
Sterling biggest one day plunge against dollar ever, dwarfing even Black Wednesday .
Beards down 22 Tight, short trousers with no socks down 38 Braces down 7
Do you mind Blueberry? I don't want your braces and trousers to fall down at this hour
Just to say I very much enjoyed your earlier post about *real* people turning out. I wanted to say thanks, great post etc, but there was a stream of info coming through....
What earlier post?
Maybe someone with a similarish name about the day in Sheffield? Excuse me if I'm wrong. Two bottles of Rose down. Ecstatic. Off for a walk round Clapham Common... hopefully should be able to laugh at a few inners on the way back.
And one further thing: let's stop all talk about EFTA and the EEA. It's not what the people voted for, and will not fulfil what was a massive issue in the referendum: immigration.
Betfair had Remain as favourites for about 4 hours longer than made any sense.
Thanks for encouraging me to keep going on the betting, made more money than I otherwise would.
I hope the spreadsheet was useful. It wasn't perfect but did the job, mostly.
someone's incredibly impressed that after Sunderland I called it 52:48. I can't bring myself to confess it's all due to your spreadsheet. I probably should :-)
And one further thing: let's stop all talk about EFTA and the EEA. It's not what the people voted for, and will not fulfil what was a massive issue in the referendum: immigration.
Radio 4's Today programme just said he would be on the programme at some point.
Oh, can you let us know when! I'd like to tune in I think!!
He will speak before markets open.
I hope he resigns and says 'stuff the lot of you'.
Given the queen's intervention in the referendum debate, that all the editors and journos are too chickenshit to talk about, Cameron should tell her to stuff the prime minister's job up her bum, and that no he won't stay on as caretaker, and now he's resigned what he does tomorrow is his own business.
Sterling biggest one day plunge against dollar ever, dwarfing even Black Wednesday .
We just have to hope this is temporary. If it isn't we're in serious trouble.
No need to be so fatalist.
Not being fatalist, being realistic. You don't see such a sudden, uncontrolled devaluation without there being negative consequences.
Rising inflation? That's probably a net gain for us at the moment.
Let's also remember that Sterling was down neae parity with EUR just a few years ago, this fall, while large, isn't anywhere near the worst we've seen. It also puts our exporters on the same playing field as Germany for non-EU exports. Obviously our government needs to come to an agreement pretty fast with the EU for trade, but I'm confident in this nations ability to weather the storm and come out on the other side stronger than ever.
Because I've been investing for a few decades now, I do keep in mind some of the lows we've seen - 1.02 against the Euro, FTSE at 3.2k in February 2009.
It's one of those nights when everything has changed yet nothing has.
The UK is still in the EU. It still has a horrific current account deficit, large PSBR and so on. All exactly as it was yesterday. Don't know if anyone else heard the talk of delaying Article 50 invocation until after the French (or even the German) elections. We're at the start of a long and involved process.
The markets have been surprised. They were already worried about a whole litany of issues (I'll spare you the enumeration). They're going to be all over the place, understandably so.
This what happens when people in the London bubble forget that people from the provinces don't really care what happens to London and its banks.
Or, this is what happens when some pied piper says the solution to all your woes is to kick out that guy over there in the blue suit with yellow stars.
Only if you are the sort of person that continues to disrespect WC voters and think they are all stupid, that worked out well last time.
No, not at all. The woes are genuine. The proposed solution is not.
Still, we are all in the petri dish now and we'll know in five years time.
Well if they feck it up, the same voters can kick them out in four years and let Mr Corbyn set things to rights.
Sterling biggest one day plunge against dollar ever, dwarfing even Black Wednesday .
Beards down 22 Tight, short trousers with no socks down 38 Braces down 7
Do you mind Blueberry? I don't want your braces and trousers to fall down at this hour
Just to say I very much enjoyed your earlier post about *real* people turning out. I wanted to say thanks, great post etc, but there was a stream of info coming through....
What earlier post?
Maybe someone with a similarish name about the day in Sheffield? Excuse me if I'm wrong. Two bottles of Rose down. Ecstatic. Off for a walk round Clapham Common... hopefully should be able to laugh at a few inners on the way back.
Sounds more like TSE. I have only been to Sheffield once in my life.
Enjoy your walk. Last year, it was surreal walking around Bristol which was one of the few places that genuinely liked Ed Miliband.
Radio 4's Today programme just said he would be on the programme at some point.
Oh, can you let us know when! I'd like to tune in I think!!
He will speak before markets open.
I hope he resigns and says 'stuff the lot of you'.
Given the queen's intervention in the referendum debate, that all the editors and journos are too chickenshit to talk about, Cameron should tell her to stuff the prime minister's job up her bum, and that no he won't stay on as caretaker, and now he's resigned what he does tomorrow is his own business.
What intervention?
The three reasons to remain question that she was purportedly putting to her dinner guests.
Meanwhile I am Just waiting for Tyson and Meeks to pop up and blame the result on all the racist xenophobic little Englander nutters that live there for jumping on their collective hobby horses.
You've done the job for me. It's a dark day in our history, a bad decision taken for worse reasons.
We're going to find out what it means to put the country in the hands of people who are tired of experts. I can't say that fills me with optimism.
BBC now reporting the EU are expecting a domino effect of other referendums. Suggests they are not sanguine about the popularity of Euro-federalism.
They will be praying we suffer terribly in this initial period - if we appear to be doing ok it will make the prospect of exiting look less scary for the others.
And one further thing: let's stop all talk about EFTA and the EEA. It's not what the people voted for, and will not fulfil what was a massive issue in the referendum: immigration.
Congratulations to the leave campaign and particular congratulations to all those on this site who predicted a leave win despite what the "experts" and betting markets said. I do have a heavy heart this morning as I wanted remain to win, but as I am a gambler it will be lightened somewhat by my trips to the local bookmakers this morning to collect my winnings. As I posted a number of times over the past 2 weeks, the 3/1 on Leave when it was basically an even money shot was the best value political bet there had ever been. And the 10/1 last night I got on Betfair was just silly. To the travel agents this afternoon to book a PO cruise as they use the pound on board ship.
And one further thing: let's stop all talk about EFTA and the EEA. It's not what the people voted for, and will not fulfil what was a massive issue in the referendum: immigration.
Congratulations to all the leave supporters and campaigners on here.
Let's hope you were right.
Don't care at all about Leave. But the Leave vote made me a lot of money while I voted Remain. And I get a new Scottish Ref too. Double Plus Good.
Will you get another scottish ref? I thought the polls there were still strong for the unionists.
Who knows. But Scotland votes Remain and the UK voted Leave so there is a much higher chance than yesterday.
I'd agree with that.
However, it is also instructive to note that the English and Welsh results were far more emphatic than expected, and without Scotland this wouldn't even have been close.
A few hundred thousand votes the other way in the Midlands and the new PM might have offered you independence.
Meanwhile I am Just waiting for Tyson and Meeks to pop up and blame the result on all the racist xenophobic little Englander nutters that live there for jumping on their collective hobby horses.
You've done the job for me. It's a dark day in our history, a bad decision taken for worse reasons.
We're going to find out what it means to put the country in the hands of people who are tired of experts. I can't say that fills me with optimism.
It hasn't been a good 24 hours for 'experts'.
I expect they'll have better periods in the months and years ahead.
But Leavers should enjoy their day. This was what it was about, that feeling of victory.
The reckoning comes later and all of us will have to pay for that.
Sterling biggest one day plunge against dollar ever, dwarfing even Black Wednesday .
We just have to hope this is temporary. If it isn't we're in serious trouble.
No need to be so fatalist.
Not being fatalist, being realistic. You don't see such a sudden, uncontrolled devaluation without there being negative consequences.
Rising inflation? That's probably a net gain for us at the moment.
Let's also remember that Sterling was down neae parity with EUR just a few years ago, this fall, while large, isn't anywhere near the worst we've seen. It also puts our exporters on the same playing field as Germany for non-EU exports. Obviously our government needs to come to an agreement pretty fast with the EU for trade, but I'm confident in this nations ability to weather the storm and come out on the other side stronger than ever.
Because I've been investing for a few decades now, I do keep in mind some of the lows we've seen - 1.02 against the Euro, FTSE at 3.2k in February 2009.
It's one of those nights when everything has changed yet nothing has.
The UK is still in the EU. It still has a horrific current account deficit, large PSBR and so on. All exactly as it was yesterday. Don't know if anyone else heard the talk of delaying Article 50 invocation until after the French (or even the German) elections. We're at the start of a long and involved process.
The markets have been surprised. They were already worried about a whole litany of issues (I'll spare you the enumeration). They're going to be all over the place, understandably so.
Yes, I think the fall is worse now because the markets were moving according to the polls which were generally for In. If we look at it vs the point where we thought Brexit was nailed on, Sterling is only weaker vs USD by any significant margin. That's probably because an interest rate rise is now off the table indefinitely and we may see £50-75bn worth of QE.
Meanwhile I am Just waiting for Tyson and Meeks to pop up and blame the result on all the racist xenophobic little Englander nutters that live there for jumping on their collective hobby horses.
You've done the job for me. It's a dark day in our history, a bad decision taken for worse reasons.
We're going to find out what it means to put the country in the hands of people who are tired of experts. I can't say that fills me with optimism.
It hasn't been a good 24 hours for 'experts'.
They called the pound collapse and market meltdown post-Brexit correctly.
I doubted AndyJS's spreadsheet when it came to Wiltshire, and my own local area count was much mroe heavily leave than his prediction if it were 50 50 overall, but it looks like he was spot on, or even underestimating remain a bit. Curious such a tory shire would only be 52.5% leave, I'd expect it to be much higher than the national.
We get almost daily bitching on here that the Tories only got 25/37% at the last election and have no mandate to do things that the rest of the population don't like. This referendum is a 52% vote for BrExit, it is the largest mandate given to any political program since the war. We live in a democracy, the people have spoken, we should all now give them what they asked for, if it turns out to have been a mistake, it was a democratically mandated mistake, and it was their mistake to make.
Meanwhile I am Just waiting for Tyson and Meeks to pop up and blame the result on all the racist xenophobic little Englander nutters that live there for jumping on their collective hobby horses.
You've done the job for me. It's a dark day in our history, a bad decision taken for worse reasons.
We're going to find out what it means to put the country in the hands of people who are tired of experts. I can't say that fills me with optimism.
It hasn't been a good 24 hours for 'experts'.
They called the pound collapse and market meltdown post-Brexit correctly.
I don't see any reason Mark Carney needs to go. Osborne and Dave OTOH...
And one further thing: let's stop all talk about EFTA and the EEA. It's not what the people voted for, and will not fulfil what was a massive issue in the referendum: immigration.
This what happens when people in the London bubble forget that people from the provinces don't really care what happens to London and its banks.
Or, this is what happens when some pied piper says the solution to all your woes is to kick out that guy over there in the blue suit with yellow stars.
Only if you are the sort of person that continues to disrespect WC voters and think they are all stupid, that worked out well last time.
No, not at all. The woes are genuine. The proposed solution is not.
Still, we are all in the petri dish now and we'll know in five years time.
Well if they feck it up, the same voters can kick them out in four years and let Mr Corbyn set things to rights.
He's likely to be out as well.
The one unmixed blessing in all this is that Osborne and Corbyn have had what little credibility they had absolutely hammered to pieces.
Meanwhile I am Just waiting for Tyson and Meeks to pop up and blame the result on all the racist xenophobic little Englander nutters that live there for jumping on their collective hobby horses.
You've done the job for me. It's a dark day in our history, a bad decision taken for worse reasons.
We're going to find out what it means to put the country in the hands of people who are tired of experts. I can't say that fills me with optimism.
It hasn't been a good 24 hours for 'experts'.
They called the pound collapse and market meltdown post-Brexit correctly.
Not really, we're not much further down from where we were a week or so ago before the MP died and Leave's momentum was halted, at least publicly.
We get almost daily bitching on here that the Tories only got 25/37% at the last election and have no mandate to do things that the rest of the population don't like. This referendum is a 52% vote for BrExit, it is the largest mandate given to any political program since the war. We live in a democracy, the people have spoken, we should all now give them what they asked for, if it turns out to have been a mistake, it was a democratically mandated mistake, and it was their mistake to make.
They've been told there'll be no tax rises, more public spending, higher wages, cheaper housing and significantly less immigration. These must now be delivered.
Leavers should remember that despite all the cries of 'wacist!' (*) there are many genuine racists who will be pleased by this result.
Many immigrants will be upset and concerned this morning. Whether you think they are right or wrong to be concerned, we need to try to prevent a fault-line developing between 'them' and 'us' (however you define those groups).
It's time to tone down the rhetoric a bit. Perhaps even time to hug an immigrant.
I am.
(*) Surely an attempt to create a de facto safe space.
Meanwhile I am Just waiting for Tyson and Meeks to pop up and blame the result on all the racist xenophobic little Englander nutters that live there for jumping on their collective hobby horses.
You've done the job for me. It's a dark day in our history, a bad decision taken for worse reasons.
We're going to find out what it means to put the country in the hands of people who are tired of experts. I can't say that fills me with optimism.
It hasn't been a good 24 hours for 'experts'.
They called the pound collapse and market meltdown post-Brexit correctly.
What was the exchange rate and FTSE in 2009 ?
Meanwhile I don't see Western Civilisation having come to an end as was promised.
Congratulations to all the leave supporters and campaigners on here.
Let's hope you were right.
Don't care at all about Leave. But the Leave vote made me a lot of money while I voted Remain. And I get a new Scottish Ref too. Double Plus Good.
Will you get another scottish ref? I thought the polls there were still strong for the unionists.
Who knows. But Scotland votes Remain and the UK voted Leave so there is a much higher chance than yesterday.
Yes, but the price of oil hasn't rocketed up, so there remains a huge hole in SNP's independence plan.
If the English can vote against their economic interests, so can the Scots.
It's not clear to me that the english have voted against their economic interests.
Well, I'll agree that most voters haven't looked at the macro-economic consequences, or if they have, they've discounted them in favour of their own domestic concerns.
Congratulations to all the leave supporters and campaigners on here.
Let's hope you were right.
Don't care at all about Leave. But the Leave vote made me a lot of money while I voted Remain. And I get a new Scottish Ref too. Double Plus Good.
Will you get another scottish ref? I thought the polls there were still strong for the unionists.
Who knows. But Scotland votes Remain and the UK voted Leave so there is a much higher chance than yesterday.
Yes, but the price of oil hasn't rocketed up, so there remains a huge hole in SNP's independence plan.
If the English can vote against their economic interests, so can the Scots.
That is yet to be seen. We had 364 economists write letters before and they've been proven wrong. It may be, and I believe this to be true, that our interests, both political and economic, lie outside of the EU.
Meanwhile I am Just waiting for Tyson and Meeks to pop up and blame the result on all the racist xenophobic little Englander nutters that live there for jumping on their collective hobby horses.
You've done the job for me. It's a dark day in our history, a bad decision taken for worse reasons.
We're going to find out what it means to put the country in the hands of people who are tired of experts. I can't say that fills me with optimism.
It hasn't been a good 24 hours for 'experts'.
They called the pound collapse and market meltdown post-Brexit correctly.
Not really, we're not much further down from where we were a week or so ago before the MP died and Leave's momentum was halted, at least publicly.
Before all the PB Leavers jump up and down until they are sick: we haven't left yet. Two years, maybe more, of negotiations. A lot can happen.
For a wordsmith like Cameron, writing an appropriate letter to Her Majesty striking the correct time of dignity, humility, bafflement and blind anger takes time.
He should really keep it to two words, the second of which is 'resign'.
Meanwhile I am Just waiting for Tyson and Meeks to pop up and blame the result on all the racist xenophobic little Englander nutters that live there for jumping on their collective hobby horses.
You've done the job for me. It's a dark day in our history, a bad decision taken for worse reasons.
We're going to find out what it means to put the country in the hands of people who are tired of experts. I can't say that fills me with optimism.
It hasn't been a good 24 hours for 'experts'.
They called the pound collapse and market meltdown post-Brexit correctly.
Not really, we're not much further down from where we were a week or so ago before the MP died and Leave's momentum was halted, at least publicly.
Come off it - the FTSE is forecast to drop over 500 points and the pound is trading at levels last seen in the mid-80s.
I doubted AndyJS's spreadsheet when it came to Wiltshire, and my own local area count was much mroe heavily leave than his prediction if it were 50 50 overall, but it looks like he was spot on, or even underestimating remain a bit. Curious such a tory shire would only be 52.5% leave, I'd expect it to be much higher than the national.
It's more middle-class than average. That was why the Leave figure was lower.
And one further thing: let's stop all talk about EFTA and the EEA. It's not what the people voted for, and will not fulfil what was a massive issue in the referendum: immigration.
Let's give the people what they voted for.
£350m a week extra to the NHS.
Well, yes. Whilst keeping the subsidies to all the other groups that get them.
But it's clear that EEA and EFTA membership was *not* what the leave campaigns were about (I cannot remember seeing them on any leaflets).
The people voted for control of immigration; it was a cornerstone of their campaigns. EEA or EFTA would be a betrayal of that.
Presently I am in a hotel looking up at the Eiffel Tower. Yesterday we left England for Paris from a country under the control of the EU and yet this morning ....sat on the balcony looking up at the tower we are free. Free after all this time having missed the first referendum by months when I was 17.
Meanwhile I am Just waiting for Tyson and Meeks to pop up and blame the result on all the racist xenophobic little Englander nutters that live there for jumping on their collective hobby horses.
You've done the job for me. It's a dark day in our history, a bad decision taken for worse reasons.
We're going to find out what it means to put the country in the hands of people who are tired of experts. I can't say that fills me with optimism.
It hasn't been a good 24 hours for 'experts'.
They called the pound collapse and market meltdown post-Brexit correctly.
I don't see any reason Mark Carney needs to go. Osborne and Dave OTOH...
Isn't Carney a discredited expert and Osborne's flunky?
Sterling biggest one day plunge against dollar ever, dwarfing even Black Wednesday .
Beards down 22 Tight, short trousers with no socks down 38 Braces down 7
Glad you find the prospect of recession funny, there are consequences that now have to be faced up to.
You think there wasn't another recession due anyway? I take no joy in recessions, but to think that EU membership inoculates us from the next bust doesn't really hang together.
Because I'm now knackered, I'm not going to debate the economics of Brexit unless my interlocutor has read both the IFS and IMF reports. Otherwise there's just no sensible grounds for discussion.
Congratulations to all the leave supporters and campaigners on here.
Let's hope you were right.
Don't care at all about Leave. But the Leave vote made me a lot of money while I voted Remain. And I get a new Scottish Ref too. Double Plus Good.
Will you get another scottish ref? I thought the polls there were still strong for the unionists.
Who knows. But Scotland votes Remain and the UK voted Leave so there is a much higher chance than yesterday.
Yes, but the price of oil hasn't rocketed up, so there remains a huge hole in SNP's independence plan.
However, just like the English, the Scots could also vote to "take control".
As is their right. I think the British approach of letting a Sindy referendum go ahead is more mature and democratic than the Spanish approach of ensuring any such referendum is unconstitutional.
If union isn't working out for the Scots, why should they be tied into it forever against their will? If they sense a different destiny and feel a different sense of belonging, they should go for it.
Meanwhile I am Just waiting for Tyson and Meeks to pop up and blame the result on all the racist xenophobic little Englander nutters that live there for jumping on their collective hobby horses.
You've done the job for me. It's a dark day in our history, a bad decision taken for worse reasons.
We're going to find out what it means to put the country in the hands of people who are tired of experts. I can't say that fills me with optimism.
It hasn't been a good 24 hours for 'experts'.
They called the pound collapse and market meltdown post-Brexit correctly.
Not really, we're not much further down from where we were a week or so ago before the MP died and Leave's momentum was halted, at least publicly.
Come off it - the FTSE is forecast to drop over 500 points and the pound is trading at levels last seen in the mid-80s.
That's because this is a shock result. Remain had been priced in, if it was leave or 50/50 it wouldn't be this large.
Take a look at the last six months rather than just today for feck sake. Even if as expected it opens 500ish points down, that is still comfortably above where it was in quite a lot of Jan-Feb this year, and similar to several months last year.
Ipsos and Comres got the 2015 GE result roughly OK, but they still changed their methodology after the election, when that was not needed and they messed up. Populus was partisan for working for the Remain campaign.
And the other pollsters were changing their methodology every week, so you can never find out the real movements if the methodologies hadn't changed all the time.
You need some kind of long term record of stability in polling methods or else it's useless for comparisons.
And one further thing: let's stop all talk about EFTA and the EEA. It's not what the people voted for, and will not fulfil what was a massive issue in the referendum: immigration.
Let's give the people what they voted for.
£350m a week extra to the NHS.
£100m I think you will find
The result hasn't even been officially announced and the leavers are already letting the voters down.
One by one all their promises will fall apart and they'll have to find a new enemy to blame.
I doubted AndyJS's spreadsheet when it came to Wiltshire, and my own local area count was much mroe heavily leave than his prediction if it were 50 50 overall, but it looks like he was spot on, or even underestimating remain a bit. Curious such a tory shire would only be 52.5% leave, I'd expect it to be much higher than the national.
It's more middle-class than average. That was why the Leave figure was lower.
That would explain it - I was in the least middle class part of Wiltshire.
Presently I am in a hotel looking up at the Eiffel Tower. Yesterday we left England for Paris from a country under the control of the EU and yet this morning ....sat on the balcony looking up at the tower we are free. Free after all this time having missed the first referendum by months when I was 17.
Rule Britannia !
It is also Mrs Moses 60th birthday today as well.
Er.... as of this moment we are still members of the EU and no-one has formally submitted an Article whatever it is letter. Even Liam Fox was talking about a long while before we are out.
Presently I am in a hotel looking up at the Eiffel Tower. Yesterday we left England for Paris from a country under the control of the EU and yet this morning ....sat on the balcony looking up at the tower we are free. Free after all this time having missed the first referendum by months when I was 17.
Rule Britannia !
It is also Mrs Moses 60th birthday today as well.
We weren't under the 'control' of the EU. The vast majority of the problems we face in this country were down to us and our government. At worst the EU just stuck their noses in and made things more difficult.
The poor literacy and numeracy figures: us. The economy: us. the NHS: us. Iraq and foreign policy blunders: us.
I don't see this vote helping any of those things. It may well hinder them.
"On Thursday British voters willfully walked off a cliff when they decided to leave the European Union. The “Brexit” victory is a defeat for Britain, Europe and the global economy.
Tens of millions of Britons voted for isolation — to go it alone — rather than for cooperation. The European Union just lost a sixth of its economy, roughly akin to Florida and California seceding from the United States. The impact on the British economy could be catastrophic. Europe’s unified stance against a reemerging and aggressive Russia will be splintered."
1) milepede and the other two lab mps didn't show. They left their workers to take the hit. We took 104k votes, they got 46k. Demographics indicated ~60:40. The wwc is abandoning labour and that party has no answer.
Meanwhile I am Just waiting for Tyson and Meeks to pop up and blame the result on all the racist xenophobic little Englander nutters that live there for jumping on their collective hobby horses.
You've done the job for me. It's a dark day in our history, a bad decision taken for worse reasons.
We're going to find out what it means to put the country in the hands of people who are tired of experts. I can't say that fills me with optimism.
It hasn't been a good 24 hours for 'experts'.
They called the pound collapse and market meltdown post-Brexit correctly.
Not really, we're not much further down from where we were a week or so ago before the MP died and Leave's momentum was halted, at least publicly.
Come off it - the FTSE is forecast to drop over 500 points and the pound is trading at levels last seen in the mid-80s.
Been there done that in 1992. Did wonders for the economy though.
When you have a record current account deficit and stagnation in most sectors of the economy you need a devaluation to balance the figures and the economy.
Comments
Still, we are all in the petri dish now and we'll know in five years time.
We're going to find out what it means to put the country in the hands of people who are tired of experts. I can't say that fills me with optimism.
Let's give the people what they voted for.
https://www.facebook.com/LabourLeaveGroup/posts/1377720652243699
It's one of those nights when everything has changed yet nothing has.
The UK is still in the EU. It still has a horrific current account deficit, large PSBR and so on. All exactly as it was yesterday. Don't know if anyone else heard the talk of delaying Article 50 invocation until after the French (or even the German) elections. We're at the start of a long and involved process.
The markets have been surprised. They were already worried about a whole litany of issues (I'll spare you the enumeration). They're going to be all over the place, understandably so.
Enjoy your walk. Last year, it was surreal walking around Bristol which was one of the few places that genuinely liked Ed Miliband.
A festival for democracy and a victory for the people fed up of the political establishment telling them not just what to think but what to do.
Democracy is Revolution
Thats what people voted for...
Let's hope it's not also fantastic for Donald Trump, but I should imagine the statement he makes in Britain today about Brexit will be a corker.
However, it is also instructive to note that the English and Welsh results were far more emphatic than expected, and without Scotland this wouldn't even have been close.
A few hundred thousand votes the other way in the Midlands and the new PM might have offered you independence.
But Leavers should enjoy their day. This was what it was about, that feeling of victory.
The reckoning comes later and all of us will have to pay for that.
We get almost daily bitching on here that the Tories only got 25/37% at the last election and have no mandate to do things that the rest of the population don't like. This referendum is a 52% vote for BrExit, it is the largest mandate given to any political program since the war. We live in a democracy, the people have spoken, we should all now give them what they asked for, if it turns out to have been a mistake, it was a democratically mandated mistake, and it was their mistake to make.
The one unmixed blessing in all this is that Osborne and Corbyn have had what little credibility they had absolutely hammered to pieces.
Many immigrants will be upset and concerned this morning. Whether you think they are right or wrong to be concerned, we need to try to prevent a fault-line developing between 'them' and 'us' (however you define those groups).
It's time to tone down the rhetoric a bit. Perhaps even time to hug an immigrant.
I am.
(*) Surely an attempt to create a de facto safe space.
Meanwhile I don't see Western Civilisation having come to an end as was promised.
Just saying...
He should really keep it to two words, the second of which is 'resign'.
But it's clear that EEA and EFTA membership was *not* what the leave campaigns were about (I cannot remember seeing them on any leaflets).
The people voted for control of immigration; it was a cornerstone of their campaigns. EEA or EFTA would be a betrayal of that.
Rule Britannia !
It is also Mrs Moses 60th birthday today as well.
Because I'm now knackered, I'm not going to debate the economics of Brexit unless my interlocutor has read both the IFS and IMF reports. Otherwise there's just no sensible grounds for discussion.
If union isn't working out for the Scots, why should they be tied into it forever against their will? If they sense a different destiny and feel a different sense of belonging, they should go for it.
Take a look at the last six months rather than just today for feck sake. Even if as expected it opens 500ish points down, that is still comfortably above where it was in quite a lot of Jan-Feb this year, and similar to several months last year.
Ipsos and Comres got the 2015 GE result roughly OK, but they still changed their methodology after the election, when that was not needed and they messed up.
Populus was partisan for working for the Remain campaign.
And the other pollsters were changing their methodology every week, so you can never find out the real movements if the methodologies hadn't changed all the time.
You need some kind of long term record of stability in polling methods or else it's useless for comparisons.
One by one all their promises will fall apart and they'll have to find a new enemy to blame.
But no holidays planned to the USA any time soon.
The poor literacy and numeracy figures: us.
The economy: us.
the NHS: us.
Iraq and foreign policy blunders: us.
I don't see this vote helping any of those things. It may well hinder them.
"On Thursday British voters willfully walked off a cliff when they decided to leave the European Union. The “Brexit” victory is a defeat for Britain, Europe and the global economy.
Tens of millions of Britons voted for isolation — to go it alone — rather than for cooperation. The European Union just lost a sixth of its economy, roughly akin to Florida and California seceding from the United States. The impact on the British economy could be catastrophic. Europe’s unified stance against a reemerging and aggressive Russia will be splintered."
http://www.latimes.com/opinion/op-ed/la-oe-klaas-dirsus-leave-victory-in-britain-20160623-snap-story.html
Now make it work.
1) milepede and the other two lab mps didn't show. They left their workers to take the hit. We took 104k votes, they got 46k. Demographics indicated ~60:40. The wwc is abandoning labour and that party has no answer.
2) Nigel Farage is a god.
Did wonders for the economy though.
When you have a record current account deficit and stagnation in most sectors of the economy you need a devaluation to balance the figures and the economy.