The now-enacted will of (some of) the people

[MakemineVanilla]

1 hour ago, chrisp65 said:

I'll be honest I don't know what it was based on, but from a quick swat up I think it must have had property as part of the portfolio. It certainly wasn't some specific London property investment pack. It was a steady eddie investment in a company I'd heard of that I've been putting money in to for several years. I'd have put the money in the bank if the interest rate hadn't been 0.0000001%

We need the money in October so I'm not sweating too much yet. But this could mess up a few years of planning in quite a significant way. The money wasn't for me either, it was for university, so I'm not being a total self centered arse worried about his lovely money. 

 

There is a certain irony that you can't get your money out because Aviva want to prevent the property fund collapsing, through a market panic, and exactly a year ago the Greeks were forced to close their banks for three weeks, to stop people withdrawing their money for the same reasons.

Both seem unfair but the difference is that in your case Aviva are allowed to do so because of the small print, you agreed to, and the Greeks were forced to do it by the Euro Group. 

Some days everything looks like a Ponzi scheme, which is probably why so many corporations and institutions choose to accumulate cash in times of uncertainty (now standing at record levels).

China has over $3.5 trillion dollars worth of foreign-exchange reserves.

[Davkaus]

Shamelessly stolen from Reddit,  but it seems fairly accurate. BJ should stop getting his policies from cats.

 

 

[tinker]

Nearly two weeks gone and I'm slowly starting to grasp the apparent madness the majority voted to walk away from the EU.

I just wish the campaigns had concentrated on the benefits for exit and remain rather that the negatives. The last few years of bad press surrounding immigration hasn't helped either but hey ho . 

 

[MakemineVanilla]

7 minutes ago, tinker said:

Nearly two weeks gone and I'm slowly starting to grasp the apparent madness the majority voted to walk away from the EU.

I just wish the campaigns had concentrated on the benefits for exit and remain rather that the negatives. The last few years of bad press surrounding immigration hasn't helped either but hey ho . 

 

Yeah, but apart from what you read in the papers, what differences have you noticed personally?

[villaglint]

"Theresa May says Brexit means Brexit"

Did you ever read a more depressing sentence. Probably the worst thing about this whole mess is that the result has made Brexit an actual word complete with its own circular meaning. If we had remained it would have disappeared    without anyone noticing. 

[Davkaus]

Quote

 

May signals that stopping free movement takes priority over retaining single market membership

Q: Would you stay in the single market?

May says she wants to get the best deal for trade in goods and services. But free movement of labour cannot continue. The Brexit vote was very clear on that, she says.

 

****.

[StefanAVFC]

2 minutes ago, Davkaus said:

****.

RIP British economy.

[Demitri_C]

I cant wait for the moaning from people when costs go up, budget screws us then people go on social media to complain. you voted for it you fools 

[chrisp65]

URGENT APPEAL:

Is there anyone out there from the LEAVE campaign that would like to try and implement anything that they may or may not have promised over the last 6 months?

What a jolly jape it's all been.

 

[tinker]

3 hours ago, MakemineVanilla said:

Yeah, but apart from what you read in the papers, what differences have you noticed personally?

I going to the USA soon, the panic in the currency market means its going to cost more. Some new equipment at work was cancelled due to increased cost caused by currency value as well.

I'm thinking about moving savings to gold to try and benefit from the inevitable drop when article 50 is used.

Few arguments at work and heated discussions with freinds and family.

 

[Jon]

I expect Article 50 to be enacted within a matter of days/hours now. 

[StefanAVFC]

 

[darrenm]

I'm delaying getting my dollars for America to hopefully allow the £ to come back up.

[MakemineVanilla]

17 minutes ago, tinker said:

I going to the USA soon, the panic in the currency market means its going to cost more. Some new equipment at work was cancelled due to increased cost caused by currency value as well.

I'm thinking about moving savings to gold to try and benefit from the inevitable drop when article 50 is used.

Few arguments at work and heated discussions with freinds and family.

 

I've heard a few people dreading having to buy a British car and having to start going to Barmouth for their holidays.

[blandy]

31 minutes ago, Jon said:

I expect Article 50 to be enacted within a matter of days/hours now. 

I dunno, I think it might be a while, unless she's really intent on a suicidal path.

There seems to be some kind of legal process to resolve whether the Prime Minister (still Cameron, till he actually FRO in September?) has the right to just "press the button" or whether Parliament has to approve (vote for) doing the action.

They know that leaving is harmful, they know that delaying gives them a better chance of getting a better deal. I think there might be a while yet, basically, but I'm usually wrong.

[Stevo985]

Parliament should make final decision on whether to leave EU, barristers say

Quote

 

More than 1,000 barristers have signed a letter to the prime minister urging him to allow parliament to decide whether the UK should leave the European Union.

The letter describes the referendum result as only advisory because it was based on “misrepresentations of fact and promises that could not be delivered”.

The barristers argue that there must be a free vote in parliament before article 50 of the EU’s Lisbon treaty can be triggered – paving the way for the UK’s withdrawal.

The initiative has been coordinated by prominent barristers in England, Wales, Scotland and Northern Ireland including more than 100 QCs, among them Professor Sir Geoffrey Nice, a former war crimes prosecutor.

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The letter states: “The referendum did not set a threshold necessary to leave the EU, commonly adopted in polls of national importance, eg, 60% of those voting or 40% of the electorate. This is presumably because the result was only advisory.

“The outcome of the exit process will affect a generation of people who were not old enough to vote in the referendum. The positions of Scotland, Northern Ireland and Gibraltar require special consideration, since their populations did not vote to leave the EU.

“The parliamentary vote should take place with a greater understanding as to the economic consequences of Brexit, as businesses and investors in the UK start to react to the outcome of the referendum.

“For all of these reasons, it is proposed that the government establishes, as a matter of urgency, a royal commission or an equivalent independent body to receive evidence and report, within a short, fixed timescale, on the benefits, costs and risks of triggering article 50 to the UK as a whole, and to all of its constituent populations. The parliamentary vote should not take place until the commission has reported.”

Aidan O’Neill QC, an expert in constitutional and EU law and one of the signatories, said: “The Brexit referendum has made clear that the UK is not a united nation state, but a divided state of nations. It has given no mandate or guidance as to what our nations’ future relationship might be with Europe, and with each other.

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“If the UK is to survive the result of this vote, a consensus needs to be built up about the way forward. Fully informed discussions and deliberations within and between our parliaments is the only proper constitutional way to achieve this. Precipitate or unilateral action by the UK government to trigger article 50 will simply further divide us.”

Philip Kolvin QC, who coordinated this action, added: “Parliament is sovereign and the guardian of our democracy. MPs are elected to exercise their best judgment on the basis of objective evidence, to safeguard the interests of the country and their constituents for this and future generations. At this time of profound constitutional, political and possibly social and economic crisis, we look to them to fulfil the responsibility placed upon them.”

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The letter is the latest initiative aimed at persuading Downing Street not to exercise royal prerogative powers and instead allow parliament to make the ultimate decision. At the weekend, the government turned down a multimillion signatory online petition pleading for a second referendum.

A legal challenge to David Cameron’s assertion that he or his successor as prime minister can begin the withdrawal procedure is due to be heard in the high court next week.

The claim is being coordinated by law firm Edwin Coe LLP, which specialises in class actions in the UK. It acted for 50,000 small shareholders in the Railtrack litigation and also in the Northern Rock judicial review.

Confirming the firm’s involvement, David Greene, a senior partner at Edwin Coe, said: “We are very pleased to be joining the bar team led by Dominic Chambers QC on this issue. This is an issue of crucial constitutional importance in the process of withdrawal from the EU.

“It makes perfect sense for this issue to be determined as soon as possible. The determination will clear the way for the right method to be adopted in serving notice under article 50. We will certainly be pressing the court to deal with the matter swiftly.”

 

 

[tinker]

25 minutes ago, MakemineVanilla said:

I've heard a few people dreading having to buy a British car and having to start going to Barmouth for their holidays.

I prefer Dorset/ Cornwall

[Demitri_C]

31 minutes ago, darrenm said:

I'm delaying getting my dollars for America to hopefully allow the £ to come back up.

I think you could be waiting a while Dazzer  

[omariqy]

Good time to invest in gold denominated in USD methinks.

I hope we have a general election now.

[Amsterdam_Neil_D]

1 hour ago, Demitri_C said:

I cant wait for the moaning from people when costs go up, budget screws us then people go on social media to complain. you voted for it you fools 

I see what you mean but this has happened primarily out of your hands apart for your 1 vote.  You are rightly fed up becasue a decision has gone against you and for the short term you expect to be out of pocket.,  The flip of this is that I suspect millions and millions of Leave voters have had this happen to them for generations,  hence the protest Leave vote.  There was always going to be a protest vote at some point especially after the banking crisis.  A crisis which probably affected the Remain voters a lot less than the Leave voters.  You cannot base a Remain campaign on the economy,  this only works if people feel they get anything out of it.  The remains do and thus voted accordingly.

Maybe there are Leave voters sitting impatiently as yourself waiting for the Leave to affect peoples happiness so they feel the need to moan but the richer you are the more you will lose and that is a part of it all I think.

If a single mother of 2 on benefits is told "Vote leave and you will be 5% of Y on Y worse off"  so what. The difference between a big or small chicken for dinner once a week,  if you got loads of shares or money sitting in a bank then I can see why they would be unhappy by it all also.