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Brexit could wipe a fifth off the value of the pound

Discussion in 'Money Matters' started by Micawber, Feb 11, 2016.

  1. Timmers
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    Timmers Well-Known Member Trusted Member

    I couldn't disagree more, its without doubt a huge opportunity for the UK.

    I'm just watching a programme right now on channel 4, a programme showing the effects on a small town near Sheffield that has had a large influx of Romanians and Slovakians, the place looks like a bomb has hit it, its sickening to watch, one of the quotes I liked was "I'm here in the UK for the Queens money". Sooner we can shut our borders to people like this the better.

    The only thing I would miss about the Eastern Europeans would be getting a cheap carwash :)

    By the way, I'm working in Romania next week, should be a bit of an eye opener for me, maybe I will be doing a bit of shagging in the ginnels, urinating in the street, throwing litter everywhere, robbing a house or two, mugging people, stealing and generally making a nuisance of myself at all hours of the day like they are doing here.
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  2. oss
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    oss Somewhere Staff Member

    Actually that was the Scots and the Irish ;) :)

    Everything you see in the modern world, in technological terms, owes its existence to James Clerk Maxwell and Lord Kelvin (William (Wullie) Thomson :D) a Scotsman and an Irishman, others refined the work and found practical applications but they created the foundations, and in Maxwell's case he even laid the groundwork for Einstien.
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  3. KeithAngel
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    KeithAngel 2063 Lifetime Member

    Great idea I dont suppose they have much experience there yet of British (football hooligan) Humour how refreshing to see someone still flying the flag :rolleyes:
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  4. oss
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    oss Somewhere Staff Member

    Stereotypes are problematic Timmers, they rarely reflect the proportionate reality on the ground, I could no doubt find as many (in numbers) stereotypical Scottish scumbags on the streets of my hometown in Scotland as some might imagine are invading us as immigrants.

    It's never simple or cut and dried.
  5. AndyRam
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    AndyRam Banned

    Solution: deport the Queen. They'll follow the biggest parasite in the UK, if it is the Queen's money. Ironic that the little parasites steal from the big one, dontcha think...

    So the only reason you are there is for who's money?

    1960s Britain, sorry, England: No blacks, no dogs, no Irish.

    My have we evolved.
    Last edited: Feb 11, 2016
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  6. AndyRam
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    AndyRam Banned

    But what about economics? Adam Smith. Scottish.
  7. Anon04576
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    Anon04576 Well-Known Member

    When i went to Romania none of that was going on, very orderly in fact. Ahh ok i must admit i did witness robbery but that's all. Yes Ceaușescu was running the country at that point i'll grant you but law and order there was :)
  8. oss
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    oss Somewhere Staff Member

    Oh indeed, but my background is science mate so I'll always lean that way because I can see the big picture of knowledge and technological connections that drove the politics and economics that the new basic understanding of the world made possible :)

    I'm a bit naïve and simple when it comes to general politics, it is why I don't comment on it much here, partly because I can always see that my opinion or view may well be wrong in some fashion, science has the benefit that once you have a proof you can pretty much then rely on it :)
  9. Bootsonground
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    Bootsonground Guest

    Can`t argue with any of that..Must be common sense!!
  10. Markham
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    Markham Guest

    Scaremongering whipped-up by Cameron, Rose and BSE. Barclay's Bank issued a report at the beginning of the month in which they predict that Britain would be financially far better off in the medium to long term following Brexit.

    Cameron's so-called "concessions" amount to nothing. Actually they could amount to be less than nothing as he's agreed to pay child benefit at the claimants' home countries' rates. There are several countries that already pay at a higher rate to ours, for example Germany, and Poland is about to increase its rate - citing Cameron's concession as the reason! And if the Pound tanks against the Euro - unlikely, I know - then the bill to the tax-payer will be even higher.

    I read that some unelected Eurocrats do not accept even the small concessions the political leaders grudgingly agreed to grant Cameron and propose watering them down even further. Cameron's 'emergency brake' is to be made more difficult for Britain to trigger and would only apply to in-work benefits and not to other benefits such as the state pension. There's apparently to be further dilution to the banking and financial services sector concessions amounting to an almost total rejection by Brussels.

    When the 'heir to Blair' was leader of the Opposition, he was rather Eurosceptic as most Tories are. But now he sees himself as Donald Tusk's successor, a job that has a very attractive pay and perks package.
    Last edited by a moderator: Feb 12, 2016
  11. oss
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    oss Somewhere Staff Member

    Well it's started in earnest a 1.4 percent drop in one day :) at least (so far) it has held up against the peso for most of the day.

    And it was down 2.4% at one point which suggests the floor is a lot lower.

    Also a lot of the recent drop the last couple of months has been the beginnings of them pricing in a brexit, four percent down on the year so far.

    I can see me cancelling my flight at this rate :(
    Last edited: Feb 22, 2016
  12. Timmers
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    Timmers Well-Known Member Trusted Member

    The markets have never liked uncertainty but it will level out one way or another, I still think you'll be on the big bird Jim, no worries there mate :)
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  13. KeithAngel
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    KeithAngel 2063 Lifetime Member

    :lol::lol::lol:
  14. whipster
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    whipster BANNED

    It's going to be a close-drawn battle. Closer than I thought it would be. At least I'm going to be here in Britain while it's happening though, rather than stuck in the Philippines where I would have no idea what's going on.
  15. oss
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    oss Somewhere Staff Member

    Ano ba talaga? I suspect many of our members from the Philippines will be perfectly clued up as to what's happening here, there's this interweb thingy that kind of lets them keep up to date.
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  16. Jim
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    Jim Well-Known Member Trusted Member

    Yep, me and wife are going to vote.

    btw the rate down to 67 and dropping like a brick.
  17. whipster
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    whipster BANNED

    sure you can listen to Radio 5 live and R4's Question Time from anywhere. But close elections like this one will be are likelier to be decided by the water cooler factor and what people talk about in the pub while the campaign is going on, rather than speeches and so on by politicans. If you are outside Britain even if it's in France, never mind the Philippines, you are going to be well out of it.

    however it is true that non-residents can vote in this election unlike in the Scottish referendum where they couldn't.

    most people thought that IF non-Scotland residents could have voted in the Scottish referendum (and Salmond made a pitch during the negotiations that they should be able to), more of them would have voted for OUT than IN. But I have no idea if that is the case this time.
  18. Methersgate
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    Methersgate Well-Known Member Lifetime Member

    I am saddened by the whole thing. We will have several months of real unpleasantness between people, financial uncertainty and perhaps at the end a national catastrophe, ruin, and the end of Britain as we know it.

    I am happy to nail my colours to the mast - I am a pro European, I have been since as a teenager I spent childhood holidays in France. I have French, German and Italian friends and they are at least as sensible and as well informed as I am - (not a hard test to pass, I would agree!) I am perfectly happy to give Martin, Jean and Gianni some sovereignty over me in exchange for my gaining the same over them. They lead nice lives in civilised places. Geographically and culturally we are Europeans.

    I have never heard a single coherent account by even one of the Little Englanders of how our nation is supposed to pay for its imports if we leave the EU. Our manufacturing industry (yes, we have one) is closely bound to Europe in general and to Germany in particular. Our position as a financial hub depends on our remaining in the EU.

    Iran was crippled, and Russia is being crippled, by financial sanctions imposed, not by NATO, but by the EU.

    What is the use of "sovereignty" to an impoverished group of offshore islands that cannot pay for its own defence ? Look to the Philippines for your answer to that.
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  19. Dave_E
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    Dave_E Well-Known Member Trusted Member

    I too am pro European, I have spent a significant portion of my life living in Europe.

    However I am against the political monstrosity that the EU has become, the only sensible way for the country is to wrest control back from the EU and continue the relationship on a trading basis.

    btw,
    Absolutely disgusted with Camerons bullying rant against Boris in the Commons yesterday, Boris had been very diplomatic in praising Dave for his achievements rather than lambasting him for his total failure at negotiation, then Cameron showed himself to be a right ****.

    Cameron came across as an embittered bullying loser, Boris as a considered diplomat.
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  20. oss
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    oss Somewhere Staff Member

    66.4 peso to the pound and falling :(

    I wish I had sent more cash last week, I had been going to send enough to last the family until I get there but I only sent enough for a month.

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