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As with a lot of this, it can depend upon how you look at it, and what you want to see. I wonder if California will leave its actual federal superstate?They keep trumpeting how it'll be fine because we are the world's fifth largest economy. Well not anymore we're not. France, yes France (which is in the middle of recession) has overtaken us after today so we're now sixth.
They might do if Trump gets elected.As with a lot of this, it can depend upon how you look at it, and what you want to see. I wonder if California will leave its actual federal superstate?
To be fair to Americans, they seem unlikely to do that.They might do if Trump gets elected.
A Prime Minister resigned. The £ plummeted. The FTSE 100 lost significant ground. But then the £ rallied past February levels, and the FTSE closed on a weekly high: 2.4% up on last Friday, its best performance in 4 months. President Obama decided we wouldn't be at the 'back of the queue' after all and that our 'special relationship' was still strong. The French President confirmed the Le Touquet agreement would stay in place. The President of the European Commission stated Brexit negations would be 'orderly' and stressed the UK would continue to be a 'close partner' of the EU. A big bank denied reports it would shift 2,000 staff overseas. The CBI, vehemently anti-Brexit during the referendum campaign, stated British business was resilient and would adapt. Several countries outside the EU stated they wished to begin bi-lateral trade talks with the UK immediately. If this was the predicted apocalypse, well, it was a very British one. It was all over by teatime. Not a bad first day of freedom.
We may be the fifth (or sixth) largest economy in the world, but according to this article https://en.wikipedia.org/wiki/List_of_countries_by_GDP_(PPP)_per_capita the UK is 25th in GDP per capita and whilst there are some very small countries that are anomalies, there are a number of developed countries above us.
We should be aspiring to rise our GDP per capita as that will be the only way we are going to sort public finances. Too much of our economy depends on low pay that is not generating the tax revenues required and is costing billions in tax credits and housing benefit. The challenge is to be more productive and efficient and develop more higher skilled industries and services.
Everyone is giving @kyoto49 a hard time for his vote out, but for the record remember the out vote WON. Despite the majority of Scotland voting IN... so that means that a higher percentage of England must have also voted out. I even saw a poll take place on a Midlands Facebook group that has 48,000 members. It had around an 85% out vote. I'll openly admit I voted out. It was my right to choose. I don't need to tell anyone my reasons for my vote. Yes I knew it had consequences. I don't consider myself to be narrow minded (no offence taken shoes) but just like the other 35 million people that voted I HAD A CHOICE and voted for my own reasons and beliefs.
Also, for all those that voted IN - which was rightly your choice too, there would have been consequences for that too. Again I'm not giving specifics as I'm not interested in an argument about any single issue with anyone... but as far as I see it there were advantages of remaining and advantages of leaving. We all made our decisions based on the reasons we believed mattered most to us personally.. yes personally. The vote was for some about their belief of how it would benefit the UK best, for others it was about themselves. Nobody knows yet the full extent of any negatives or positives... only time will tell. One day some remainers will thank leavers, whilst others won't. We'll just have to wait and see.
Voted!
Never seen the polling station so busy, I'll be interested to see the turnout result locally, if the result is broken down in to areas
382 counting centres will each declare their results, as will votes from them that are collated in 12 regional centres - and the national vote, of course.
It's temporary! We also had financial and currency crashes while in the EU, although remainers conveniently forget those!!!
Any idea how long for?
Pot, Kettle, Black.Sometimes you should just stop
Has been interesting to see the difference between EU business and politicians since the vote. Business wants a free trade arrangement and smooth transition while the politicians want to make the UK 'pay' for there decision. Surly a democratic vote to leave should be greeted with the same response as a vote to join.
Whilst I agree in principle, there isn't a great deal to be optimistic about.Maybe both sides just need to move on now?
What's done is done so it seems pointless rehearsing the same old same old.
Time to look to the future... Negativity or over-optimism help no one...