The consequence thread (Brexit)

[Eater Sundae]

What a cynical response that is, that wilfully ignores the point.

 

Yes we thankfully still had the right to leave (but don't surprised if after the next EU treaty member states will require permission to have an in/out referendum) but as you know, member states had to cede sovereignty on an ever increasing list of matters. A Europe wide legal system and army is in the pipeline. You'll see. And You'll be glad we left.

 

I wish leavers would start reading from the same crystal ball.

 

Is it ever closer union without the option of leaving and being conscripted into a common army,

 

Or is the EU about to fail, the Euro to be scrapped and countries to go their separate ways?

[I1L2T3]

I am not supporting the ban of any imports, just a 5% tax, as Berberis pointed out - a 5% tax is a small amount when you see the fluctuations in currency prices.

Fluctuations in currency prices may mean that as from this month, we may grow more of our own food, such as potatoes, not a foreign delicacy.

 

Breaks WTO rules. An additional tax is effectively an import tariff.

 

The nitty gritty around stuff like this is where the enormity of the changes will hit home

[El Cid]

My MP, Andrea Jenkyns, has stated that the FTSE 250 decline more at the prospect of Ed Millidand becoming PM than the EU leave vote, can this be true?

[Berberis]

My MP, Andrea Jenkyns, has stated that the FTSE 250 decline more at the prospect of Ed Millidand becoming PM than the EU leave vote, can this be true?

 

No thats wrong.

 

FTSE 250 1st May 2015: 17,468.27

FTSE 250 6th May 2015: 17,412.08 (day before)

FTSE 250 7th May 2015: 17,447.96 (day of election)

FTSE 250 8th May 2015: 17,935.93 (day after election)

FTSE 250 29th May 2015: 18,154.42

FTSE 250 May High: 18,237.47

FTSE 250 May Low: 17,412.08

FTSE 250 May High/Low difference: 825.39

 

FTSE 250 1st June 2016: 17,061.47

FTSE 250 22nd June 2016: 17,043.54 (day before referendum)

FTSE 250 23rd June 2016: 17,333.51 (day of referendum)

FTSE 250 24th June 2016: 16,088.05 (day after referendum)

FTSE 250 30th June 2016: 16,271.07

FTSE 250 June High: 17,333.51

FTSE 250 June Low: 14,967.86

FTSE 250 June High/Low difference: 2,365.65

 

References:

FTSE 250 May 2015 data: https://www.google.co.uk/finance/historical?cid=3279669&startdate=Jun+1%2C+2016&enddate=Jun+30%2C+2016&num=30&ei=KqN_V9H0CMbQU5eSjKgO

FTSE 250 June 2016 data: https://www.google.co.uk/finance/historical?cid=3279669&startdate=Jun+1%2C+2016&enddate=Jun+30%2C+2016&num=30&ei=KqN_V9H0CMbQU5eSjKgO

Edited July 8, 2016 by Berberis

[Guest]

My MP, Andrea Jenkyns, has stated that the FTSE 250 decline more at the prospect of Ed Millidand becoming PM than the EU leave vote, can this be true?

 

This argument the remainers make about stability and certainty is a bit of a red Herring as potentially everything is up in the air every 5 years come general elections.

[Cyclone]

We can simply look at what effects that has historically to disprove your theory.

[truman]

This argument the remainers make about stability and certainty is a bit of a red Herring as potentially everything is up in the air every 5 years come general elections.

 

Could you show us the figures to support this... where the pound nosedives at every election?

[Berberis]

This argument the remainers make about stability and certainty is a bit of a red Herring as potentially everything is up in the air every 5 years come general elections.

 

Already proven wrong with my reply above. Please read.

Edited July 8, 2016 by Berberis

[Guest]

We can simply look at what effects that has historically to disprove your theory.

 

You really need to start using the quote button so that people know who you're addressing with your posts.

[Cyclone]

Actually I take financial advice from financial advisors, and not googlistas. When gold has put on $50 in a morning one buys what is simple to get hold of. CGT is only a problem if you need to sell a load of KRs for cash in the UK all at the same time and have no allowable losses that you can use to offset. Look it up on Google.

 

So you hold an investment that will attract CGT if you sell it (and what else is an investment for). Rather than an identical investment that won't attract CGT. And then claim that your "financial adviser" said so, so you didn't need to understand it yourself. Wow.

 

---------- Post added 08-07-2016 at 14:25 ----------

 

You really need to start using the quote button so that people know who you're addressing with your posts.

 

If I don't use quote then it's because I'm replying to the comment directly before.

 

It's really not difficult to figure out.