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UK Independence Day - 23 June, 2016?


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Have you seen the battering the pound has taken today' date=' if we don't hit a recession inside 2 years it will be a miracle.[/quote']

 

GBP to Dollar has been on a steady incline due to bankers and traders backing the Remain camp. They were wrong, the currency has dropped again back to where it was in March. It will recover. We are only 1/2 a day into what is a massive decision. Lets look at this in a couple of weeks, if im wrong i'll admit it, but imho we are set free on a pathway to prosperity.

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It's the people who are about to retire who I feel sorry for, as their pensions value sit at least 10% down this morning. Ironic really as they probably voted out as well.

 

That's there problem, as others have said everyone has a choice and that's the power of democracy.

 

I do think the younger you are the more you will suffer as a result of this though.

 

The next 5 years are going to be very interesting.

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That is the most true sentiment expressed in this thread and I'm a member of the 'older' generation.

 

I honestly fear for the long term, not just economically either. The Leave campaign has been aimed at the Alf Garnett mentality and has succeeded.

 

100 years ago Europe was embroiled in a devastating war that handed economic power to the USA, fought by blindly jingoistic countries on all sides with the dying done by the working class populations of Europe. One of the strongest points of the EU has been to reduce the chances of a repeat of the two European wars of the 20th century (and the various other European wars of the past). I now fear a lurch to the right across Europe and we know where that can lead.

 

I'm disappointed in the result but it is what it is. However, I think a lot of Leave voters will feel cheated in the future as our economy is less successful, taxes rise to fund our huge defecit, welfare and pensions are cut as we can less well afford them and, to offset this because of demographic change, we continue to see mass immigration only it won't be so much 'free to come and go' EU citizens of a similar culture and value set it will be immigrants from under developed areas such as the middle east and Africa which will challenge our culture and values even further - exactly the thing a very large number of Leave voters don't want!

 

I hope I'm wrong but I fear I'm not.

 

Post of the thread for me.

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Have you seen the battering the pound has taken today' date=' if we don't hit a recession inside 2 years it will be a miracle.[/quote']

 

Bet our exports are up already..swings and roundabouts (and witch's hats)

 

£ already recovering. FTSE on the way back up and not as low as it was on June 14..calm down ;)

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Now we have Ireland and Scotland talking about you know what.

 

Hmm - Scottish National Party wanted remain ( saying Stronger Together ) now they want Independence vote again ( saying Better Apart ) :cry:

 

you couldn't make it up with politicians

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http://www.bbc.co.uk/news/uk-scotland-scotland-politics-36621030

 

Nicola Sturgeon said it was "democratically unacceptable" that Scotland faced the prospect of being taken out of the EU against its will.

 

It voted to remain part of the UK and therefore to accept the will of the UK in any referendum...turning their back on that commitment would be "democratically unacceptable". Tempted to think s0d 'em and let's see what we can sell Scotland for in Brexit negotiations with the EU....£23.50 at a push...although the EU will probably offer us more to keep them.

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