Gransnet forums

News & politics

Ok, we are out, what now?

(840 Posts)
Elegran Fri 24-Jun-16 07:49:53

The vote is in, we are to leave the EU. Deep breath, everyone, a new start begins today.

What needs to be done now? No recriminations allowed, no ranting, please. Constructive ideas only for what steps we should take now - we meaning the government, the legal bods, the negotiators, the banks, large and small busineeses, social departments, and orfinary people?

Bear in mind that it will take two years to settle the divorce details, then we have to begin creating a new relationship with the single market of the EU, if we are to buy and sell anything with them, after which new partners might will want to negotiate deals with us. Time scale unknown, but likely to take years. They could be lean years, our credit rating has gone down instantly, and our £ notes won't buy as much abroad at the moment. Better get a taste for British-grown food.

Meanwhile through and after the divorce we have to feed the children (without any alimony, just on our own efforts, and without the inlaws helping us to get orders any more)

The au pairs and the chars will soon go home, which means we'll have to do things ourselves which we used to let them do - look after our aged relations, nurse us after operations, and so on. On the plus side, that should mean we will be needed in those jobs, if we want them.

petra Fri 24-Jun-16 14:55:44

Railman My Father explained this to me back in the 70s when we were asked to vote.
He even went so far as to call it a police state, a it ott, I know. But I've always understood what is happening.

daphnedill Fri 24-Jun-16 14:56:35

Monica, That was part of the reason. They also didn't want to be dominated economically by the US.

durhamjen Fri 24-Jun-16 14:57:18

I think I answered you, nigglie. I said the Brexiters would call foul and ask for another referendum.
If it's the law, it's the law.

act.goingtowork.org.uk/page/m/1f11b227/3ab9ec2e/547a3184/5407ce01/2615220831/VEsF/

This is to stop them altering workers rights. Lots of rexiters want to, even though people on here said that we had better rights before the EU.

daphnedill Fri 24-Jun-16 14:57:29

What was a police state? The EU? I think your father was way off the mark.

petra Fri 24-Jun-16 15:03:39

Luckygirl How true Re leaders and psychology. If he had understood humane nature and the British people when he went with the begging bowl and just pushed for 'a little bit more please' it would never have come to this.
We are not a greedy people, but we do want fairness.

daphnedill Fri 24-Jun-16 15:03:41

You knocked down my constructive post, Elegran. All I wanted was what the BREXITERs promised, but you wrote that it was unaffordable.

So BREXITERS lied, did they? Sounds like a reason for a re-run!

petra Fri 24-Jun-16 15:07:12

daphnidill I meant to say that he said it would be a police state not was. But as I also said: it was a bit over the top.

TriciaF Fri 24-Jun-16 15:12:39

daphnidill your post at 12.06 - I'm very disappointed about the result. Just trying to make the best of it, and hoping it will come to nothing.

nigglynellie Fri 24-Jun-16 15:20:12

Both sides lied!!! and would do so again. dd you don't know what brexiters would have asked for as it didn't happen. A re run was out of the question whoever won, Brexit had conceded defeat yesterday evening when it looked as though they had lost. The rules were clear and that's that! Never underestimate or patronise the ordinary man woman in the street, given the chance they will rear up at their intellectual masters and give them a bloody nose!

crun Fri 24-Jun-16 15:21:15

I voted remain because I place a higher priority on international cooperation than on Britain's self interest, so I sincerely hope that the consequences are serious enough to stop any other countries from following us. I wanted Scotland to be in the UK and the EU for the same reason, but now it's a choice I hope they choose the EU.

M0nica Fri 24-Jun-16 15:31:57

Who says that Britian is not becoming a police state, in or out of the EU?

Every where we go we are monitored by CCTV, we have an institutionally corrupt police force who put protection of themselves above the lives of innocent people, banks can close your bank account down without giving amy reason and all our communications are more and more likely to be monitored by the authorities.

Pot calling the kettle black.

durhamjen Fri 24-Jun-16 15:32:37

www.theguardian.com/politics/2016/jun/24/top-eu-leader-we-want-britain-out-as-soon-as-possible

They want us out as soon as possible.

M0nica Fri 24-Jun-16 15:40:34

I think they should just shut the door in our face and say 'out is out, now live with it' and negotiate from square 1. You cannot resign from a club and then dictate terms about how you do it.

durhamjen Fri 24-Jun-16 15:43:05

voxpoliticalonline.com/2016/06/24/uk-loses-its-place-as-fifth-best-performing-economy-after-brexit-vote/

We are no longer fifth best performing economy.

Anya Fri 24-Jun-16 15:47:13

Try reading further than the headlines DJ but thank you for posting an interesting article.

POGS Fri 24-Jun-16 15:49:30

I would be more inclined to hope for a more 'progressive' mature attitude that is good for all the peoples of the EU and the UK.

I understand why there is a call for 'sooner rather than later, as the DAX and CAC are fairing worse than the FTSE, at least they were the last time I checked.

I do think the call from Merkel for a meeting between Germany, France, Italy and Donald Tusk next Wednesday I believe a tad revealing, what about the other 20 odd countries? Sidelined again and what does that message send to those supposedly ' watching this space' in other EU member states.

Anya Fri 24-Jun-16 15:49:33

Morgan Stanley are NOT moving 2000 jobs to Ireland.

Anya Fri 24-Jun-16 15:50:38

www.independent.co.uk/news/business/news/morgan-stanley-brexit-eu-referendum-jobs-dublin-frankfurt-a7100911.html

durhamjen Fri 24-Jun-16 15:56:38

"Other banking stocks are still struggling, with RBS down 14pc, Barclays 16pc off and Lloyds 20pc lower."

Beyond the headlines, sarcy Anya.

Morgan Stanley said they would be moving 2000 jobs to either Ireland or Frankfurt.

POGS Fri 24-Jun-16 16:01:24

The DAX and CAC are still falling a substantial percentage lower than the FTSE.

We are now trading higher on the FTSE than we were in February!!! Yet still the commentators are stating the figures of gloom from last night and people are not reporting on current news. Why?

I appreciate the volatility of the markets and I am most certainly not trying to imp!y all is well, it could all come crashing down by tea time . There is however too much spin and not enough common sense being spoken and the fluidity of what will happen over the coming days, months will take it's
course.

what is required now is for the world trading /financial / political elite to look at keeping a solid grounding for all of our sakes not just the UK.

Anya Fri 24-Jun-16 16:02:03

is that how sarky is spelled DJ or should it be saucy?

Anya Fri 24-Jun-16 16:03:08

Morgan Stanley just issued a denial!

durhamjen Fri 24-Jun-16 16:03:39

"Sources within Morgan Stanley have told the BBC that the bank is stepping up a process that could see up to 2,000 of its London-based investment banking staff being relocated to Dublin or Frankfurt.

The US bank, which established a task force looking into any staff relocations, will not be waiting for Article 50 that triggers the formal process of a country quitting the EU.

The jobs that could be moved from the UK would be in euro clearing, as well as other investment banking functions and senior management.

The bank needs to use the passporting system, which allows banks to offer financial services in all EU countries without having to establish a permenant base in that member state.

The president of Morgan, Stanley Colm Kelleher, told Bloomberg two days ago that Brexit would be “the most consequential thing that we’ve ever seen since the war”."

It has denied the fact that it has started the process, but not that it is going to do it.
It needs the bankers within the EU. London is not going to be. Therefore they need to move, as will many other financial institutions. It makes sense.

Anniebach Fri 24-Jun-16 16:05:40

Then Anya, best you advise the BBC they were wrong about Morgan Stanlry, I only repeated what they said

durhamjen Fri 24-Jun-16 16:09:37

"Before the referendum result, David Cameron said he would invoke Article 50 immediately, if the UK voted to leave.

The UK has voted to leave, and Cameron has opted to quit instead. None of his likely successors have any intention of invoking the Article, which would require the EU to be shot of us within two years, in the foreseeable future."

Telling fibs right to the end.