Brexit watch

voxpoliticalonline.com/2016/06/27/the-ignorance-that-means-wales-will-lose-billions-of-pounds-in-eu-funding/

£ fallen even further.

Markets need assurance that austerity will not continue, that Q/E will be on the table and a budget for growth

UK govt bonds at lowest level ever

One in five companies considering moving out of the UK

Osbourne has just said "the UK is ready to face the future "from a position of strength" "

Err! Really?

He also said he wants to build bridges. He's been listening to your horticultural puns. I hope he doesn't mean more of those garden bridges.

Good news! My daughter has a Euro bank account and has just informed me she made just over 1000 Euro profit last week!

That's Boris's bridge. I don't think Osborne would want to claim that. Or maybe he is talking about bridges between himself and Boris, him on one side of the Thames, and Boris on the other.

Ah! Should have made myself clear. I meant Boris has been talking about building bridges.

Maybe they could borrow some of Farage's fishing boats and have a water fight.

If we accept that the result of the referendum was to a large extent driven by the disaffected working class. Then does the government have to think very seriously about imposing more austerity and cuts in the months and years ahead?

Osborne's a **. Moody's has cut the UK's credit outlook. We're not in a position of strength. The economy is weaker than when he took over.

Yes, it does, whitewave, but we never had proper austerity anyway. Austerity involves tax rises, but Osborne did the opposite for the better off.

He's in a hole and the only solution the B o E has come up with is further quantitative easing, which will increase the government's debt. Unfortunately, the bleak credit outlook means that borrowing will be more expensive, which will lead to further falls in the pound.

But Osbourne's budget comment was another thing that drove people to vote out.Now he says everything is ok.

@Tegan I know. Ironic, isn't it? It really isn't any wonder people didn't know how to vote. I honestly think Cameron and Osborne should have been sent on gardening leave for the campaign.

So as far as I can see:
The plan (as much as there is a plan) is to stay in the EEA.
This will include free movement of people and cost as much as EU membership.
An army of civil servants (or faceless bureaucrats as some on here prefer to label them) will be needed to carry out all the work involved in treaty change, which will take many years to complete.
Businesses are putting into place their contingency plans to move staff from the UK.
The economy is crashing.
There is a rise in racist abuse and intergenerational conflict.
Going well so far, then.

Meanwhile, hedge fund managers have made a fortune from BREXIT bets. It's not all bad (for some)!

Anyone there???

Feels like we are huddled on this boat with the waves crashing around us without anyone on the bridge. They are all in the hold deciding who is going to be captain. Sod the rough seas, apparently markets go up and markets go down. Well that statement will calm everything then.

Bank shares down more than 30% in three days. The £ at a thirty-one year low against the $ but Boris tells us "the markets are stable"

I Bet Westminster is like the boiler-room of the Titanic.

When the stocks are low enough the Chinese and the Russians will buy. So much for an independent little england.

"Lord forgive them for they know not what they do" says Britain as it is nailed to the Cross.

Tax payers stakes in banks has long 6 bn. This was meant to go towards paying the debt off.

£6.5 billion wiped off the shares of RBS and Lloyds, the shares that are still owned by the public.
Very stable. Hope they stop the sale until the price rises, otherwise we'll be the one paying the price again.
Boris said pensions were okay as well this morning. How does he know? He probably means pensions for MPs and money men.

Angela Eagles has just said that very nasty forces have been unleased in the country.

She's right.

X posts whitewave.

They are all very quiet. Not that I want to know really but fascist Farage is quiet.