It's coming up fast. One of the more important referendums that's happened in the last while.
Curious what people from North America think the UK should do.
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VinnieFhere's a good tracker for those who are interested
http://www.theguardian.com/politics/ng-interactive/2016/jun/23/eu-referendum-live-results-and-analysis
.MASSHOLE.How do you think it will fall?
.MASSHOLE.How do you think it will fall?
--ski--Looking at the £ and FTSE/S&P futures, work is going to be a exciting tomorrow.
Laurent.Also those worried about the economy. don't be:
https://woodfordfunds.com/economic-impact-brexit-report/
.MASSHOLE.Poor millennial generation in England.
This guy seems like a twat, am I right?
https://twitter.com/bkesling/status/746221851437727744
.MASSHOLE.
Well then.
DrZoidbergSo is the US accepting British refugeesnow?
Laurent.Damn do I love the smell of democracy in the morning.
Also those worried about the economy. don't be:
https://woodfordfunds.com/economic-impact-brexit-report/
VinnieFfor all the people not liking the vote, look on the bright side; Cameron is gone!
DrZoidbergSo is the US accepting British refugeesnow?
jblaskiSo I was just about to buy a bike part from England. Does this mean I should buy it quick, or wait?
Laurent.>Blame elderly people for voting leave and ruining the future of the youth.
>Youths don't even vote.
roddy116I really fail to understand why its so important to be in the EU or why its racist to leave. Since when is not letting people live and work in a country they are not citizens of racist?
Also, why would trade agreements be an issue, there has been fair trade with EU and their will be without it.
I dont understand why a whole bunch of countries need to have a euro as well. It seems like each country will be much worse off because of countries with bad economic policies, versus countries with good economic policies.
can someone please tell me why the UK leaving EU is so horrendous? i just keep hearing its racist and bad for the economy, but from what i see people just want to be able to run things in their own country their own way.
roddy116and also, lets be real, just because a country chooses to leave EU or something does not mean you cant have freedom of travel, or work without a visa. It just gives each country a right to decide whether or not they want to.
.MASSHOLE.A British member can explain why it is important, in their view, to remain.
A lot of those answers can be found in this thread as well.
But a shortened version:
Racist-A vocal portion of the "Leave" campaign wanted to leave because they were upset with the number of immigrants coming into the country, much of whom were Muslim and from distressed Muslim countries. Part of being in the EU means open borders, and once these refugees were in the EU, they were free to move wherever they wanted, including England. Ironically, leaving may open their borders even more depending on how trade negotiations go.
Trade Agreements: England loses a lot of bargaining power as they are now a standalone economy. The US will play ball, but it is very likely the agreements will be tougher on the UK than previously as they lack the size negotiate with the US. Additionally, the EU is VERY likely to come down hard on the UK in their trade agreements to make an example out of England.
Euro: An attempt to further unify the EU by integrating economies with a singular currency. You noted one of the short-comings of the policy, but the UK was on the GBP (Sterling) and had control of their own monetary policy unlike other members. Good idea in theory, but there have been issues since '08.
Travel: By leaving the EU, the UK effectively will have to kick out numerous foreign workers who work for MNCs HQed or who have branches in England if they are not given visas. Additionally, it makes it very difficult to bring in new talent if they all have to get visas. The result is that many of these larger companies will likely move their HQ where there is the ability to labor to move freely. You are already seeing this in the finance sector.
I haven't even really touched on the fact that they are now an outsider on almost all political matters in Europe, which, despite England being an island, is still VERY important.
Tl;dr:
UK is losing a lot of their clout in both the political and economic realm by leaving because they are now a standalone country. They have their sovereignty back in a day where globalization and integration rule the world and are now at odds with the status quo.
On a side note, can an English member please explain to me WTF is happening with Corbyn and that whole shebang?
Julius_SteezerYeah, corbyn personally wanted out of the EU. But labours policy was to stay in. So rather than putting his personal views aside for the good of his party, he was basically just very noncommittal throughout the campaigns and didn't contribute at all. As a result, many labour supporters voted leave so corbyn got blamed (not unfairly) for this fuck up and so a lot of labour have no confidence in him
.MASSHOLE.A British member can explain why it is important, in their view, to remain.
A lot of those answers can be found in this thread as well.
But a shortened version:
Racist-A vocal portion of the "Leave" campaign wanted to leave because they were upset with the number of immigrants coming into the country, much of whom were Muslim and from distressed Muslim countries. Part of being in the EU means open borders, and once these refugees were in the EU, they were free to move wherever they wanted, including England. Ironically, leaving may open their borders even more depending on how trade negotiations go. The point from "much of whom..." is false. The official campaign in regard to immigration was focussed on EU migration which is relatively free with the UK in the EU and was net 330k into the UK and there was no singling out of Muslims. Refugees are not able to freely enter the UK and the UK has held a very hard line on the number of which that can enter and as such it has created the Calais jungle. As a result of the leave vote the Calais mayor and french internal are dicussing closing the border at calais effectively moving it onto Englands shores.
Trade Agreements: England loses a lot of bargaining power as they are now a standalone economy. The US will play ball, but it is very likely the agreements will be tougher on the UK than previously as they lack the size negotiate with the US. Additionally, the EU is VERY likely to come down hard on the UK in their trade agreements to make an example out of England. There have been very mixed noises coming out of the EU and EU countries with some calling for hard lines and others trying to keep trade levels it is not unanimous.
Euro: An attempt to further unify the EU by integrating economies with a singular currency. You noted one of the short-comings of the policy, but the UK was on the GBP (Sterling) and had control of their own monetary policy unlike other members. Good idea in theory, but there have been issues since '08.
Travel: By leaving the EU, the UK effectively will have to kick out numerous foreign workers who work for MNCs HQed or who have branches in England if they are not given visas. Additionally, it makes it very difficult to bring in new talent if they all have to get visas. The result is that many of these larger companies will likely move their HQ where there is the ability to labor to move freely. You are already seeing this in the finance sector. The status of EU migrants in the UK and vice versa is not as said here. It will be a point of the negotiation when the official article is envoked and as such there is much uncertainty as to how it will go. There will be free movement for UK & EU citizens until the closing of the divorce negotiations which is likely to be 2 and a half years away. It could be as difficult as described or entirely not and it is not the current status.
I haven't even really touched on the fact that they are now an outsider on almost all political matters in Europe, which, despite England being an island, is still VERY important.
Tl;dr:
UK is losing a lot of their clout in both the political and economic realm by leaving because they are now a standalone country. They have their sovereignty back in a day where globalization and integration rule the world and are now at odds with the status quo.
The UK and every other EU country still has sovereignty (not total I will be the first to conceed) and it is only because of that, that the UK has been able to decide to leave.
On a side note, can an English member please explain to me WTF is happening with Corbyn and that whole shebang?
Julius_SteezerYeah, corbyn personally wanted out of the EU. But labours policy was to stay in. So rather than putting his personal views aside for the good of his party, he was basically just very noncommittal throughout the campaigns and didn't contribute at all. As a result, many labour supporters voted leave so corbyn got blamed (not unfairly) for this fuck up and so a lot of labour have no confidence in him
razors-chazI would like first state my position I am a pragmatic Euro sceptic who voted to remain of the basis that for its problems the real tangible benefits of being in the EU outweighed the benefits of being out of it and to clarify some points which are inaccurate and can be found in bold
.MASSHOLE.I realized I misworded my statement about immigration. It was the EU immigration that spurned the immigrant
stance, but the xenophobia criticisms came about due to the increasing anti-immigrant (some of which was anti-Muslim) sentiment that garnered some headlines (at least in the US).
There has defnitely been a growing anti migration sentiment as there has been a general undercutting of workers pay by due to poor worker protection from government and public services have become strained through a combination of increased migration, an ageing population and attempts from successive governments to reduce public spending costs. If there was any published anti-muslim sentiment in the UK it wasnt by official leave campaigners and wasnt framed explicitly as anti-muslim by the sane media (I cant and wont speak for some of the UKs tabloids.)
I am wrong about the refugee and open border statement, my mistake.
Thank you for acknowledging your mistake with so much going on and hearing it from across the Atlantic there is going to be discrepancies (which goes both ways)
Seeing as the majority of the comments coming from both the English and European Parliament are calling for both a swift exit, it is very likely there will be harsher penalties as a means to dissuade other countries from attempting the same thing. Regardless, the point about England losing bargaining power is indisputable. England is much more dependent on EU trade than EU is on English trade.
Our PM has said he is not going to start the exit and left it to his successor when he stands down in September(in a devilshly smart poisoning of the chalice) and one of the leading candidates for the new PM seems to be in no rush (some are claiming he campaigned in the referendum for his own career development). Not less that there is a general feeling that there will be a snap General Election further slowing or halting the move toward leaving (one party is to campaign on ignoring the non-legally binding advisory referendum result to leave, which is more common than you would think)
Latest developments out of the EU Parliament are less for a swift exit. I dont dispute the bargaining power loss and it was one of my reasons for voting remain.
The negotiations will most likely not take 2 years as I have stated above, and companies will not wait to see the fallout.
Given the level of UK entanglement in the EU, I think it will take the full 2 years despite how much companies will not like it (which could as you have shown lead to companies moving to the continent or Ireland). The UK will have to throw countless lawyers and civil servants to decide what
regulations and laws from the 40 years in the EU the UK wish to keep and with no clear manifesto currently to act on it could take some time depending on the trading position of the UK and the EU.
https://www.theguardian.com/business/2016/jun/26/city-of-london-expecting-further-post-brexit-losses-when-trade-reopens
"The IoD said a quarter of the members polled in a survey were putting hiring plans on hold, while 5% said they were set to make workers redundant. Nearly two-thirds of those polled said the outcome of the referendum was negative for their business. One in five respondents, out of a poll of more than 1,000 business leaders, were considering moving some of their operations outside of the UK."
http://www.usatoday.com/story/money/2016/06/24/brexit-us-firms-jobs-could-leave-uk/86338782/
"Morgan Stanley (MS), a U.S. investment bank and financial services company with an estimated 6,000 U.K. employees, on Friday denied a BBC report that said the New York-based company had already begun the process of moving 2,000 London-based investment banking staffers to Dublin or Frankfurt.
Under a system known as "passporting rights," financial services companies operating in the U.K. have been authorized to sell their products and services across the European Union without shouldering the the expense of opening local subsidiaries on the continent."
http://www.japantimes.co.jp/news/2016/06/25/business/corporate-business/japanese-firms-u-k-face-uncertainty-brexit-vote/#.V3PL0kYrLGg
"Japanese companies operating in Britain are likely to be forced to rethink their business strategies in Europe following Britain’s vote to leave the EU in a historic referendum Thursday."
Sovereignty is possible, but it comes at a cost we are still figuring out. The UK could become a leading example for this cost.
.MASSHOLE.It certainly is hard to get quality information over here in the US about the Brexit, especially when our two political candidates are quite the source of entertainment themselves.
But it seems like the EU parliament has said free movement of people is nonnegotiable if the UK wants access to the single bloc market.
http://www.bbc.com/news/world-europe-36659900
90053did anyone watch the farage speech where face to face accused meps of never having a proper job? so apparently the guy grimacing in the corner was a surgeon haha
http://www.independent.co.uk/news/world/europe/mep-nigel-farage-speech-vytenis-andriukaitis-head-in-hands-ukip-leader-eu-brussels-a7109516.html