E U. Should we stay or should we leave.

[chesters1]

As long as the international sprout market isnt effected i am fine

 

I am more concerned trying to get a mysterious stain out of my folding silicone cup ,its resisting all chemicals known to man ,i blame the EU banning all chemicals known to man!

Edited July 5, 2016 by chesters1

[Anderoo]

Britain’s central bank has warned that the risks posed by the Brexit vote are “starting to crystallise”.

In it latest financial stability report, just released, the Bank of England warns that:

The BoE has also taken action to fight the looming threat of recession, by relaxing the capital control rules on UK banks.

“There is evidence that some risks have begun to crystallise. The current outlook for UK financial stability is challenging,”

That is meant to encourage lenders to keep providing credit to the UK economy.

Back in March, the BoE has announced that the so-called counter-cyclical capital buffer would rise to 0.5%. It has now reversed that decision, potentially freeing up an extra £150bn for lending, the BoE said.

And the Bank also pledged to do more to help the economy, saying:

“The Financial Policy Committee stands ready to take actions that will ensure that capital and liquidity buffers can be drawn on as needed, to support the supply of credit and in support of market functioning.”

 

 

sterling has also hit a two-and-a-half-year low against the euro, at €1.1787

 

Sterling slides to new 31-year low vs dollar at $1.3117, down 12% since Brexit vote. That’s below the levels hit after the referendum vote, and back to the sterling crisis of the mid-1980s.

 

UK Services #PMI returned to 38-month low in June. Survey period covered Brexit vote after which "loss of momentum intensified".

 

Picture of leave effect starting to show - important services sector slowed in June, although it didn't contract like construction did

[Tigger]

 

The end of the world is nigh....were all fekced...better get your bunkers built as the zombie apocalypse will soon take place!!

 

Make sure you panic buy and empty the bread shelves lol.

[Sportsman]

The great thing is that when you bend over and stick your head in the sand you are in the perfect position for what comes next

[gozzer]

How man times do we have to say, nobody in their right mind thought it would be plain sailing after the vote. It's been 12 days for crying out loud, all this childish gloating is only making any split even wider. Everything I've read has said that the value of the pound has been unrealistically high, and it's devaluation will help ease the transition. Even Standard and Poor have said that we should be able to ride out the initial 'panic' without going into a recession, providing the Government and BoE, act to 'steady the ship'.

 

The vote has been taken, the result is in, why not accept it, and work together for the future? Or is there some perverse pleasure to be had by trying to goad those who thought differently?

 

This is really showing the size of the divide between sections of this country, sadly it's even bigger than I thought.

 

John.

Edited July 5, 2016 by gozzer

[Andrew]

John, you forgot childish insults on your list.

[Anderoo]

The governor of the bank of England is not doing childish gloating. No point sticking fingers in ears and just going lalalalalalalalala. I'm not gloating, I'm really really worried and it blows my mind that people can be so blase. I don't have to pretend to myself that this was actually a good idea. But I do agree that the divide this has exposed is extremely deep. There's not really any common ground. We're now effectively in separate countries - The Economist has called them the metropolitan and the backwaters. No comment from me.

[Anderoo]

Piece about the future from a so-called expert: http://speri.dept.shef.ac.uk/2016/07/04/breaking-up-is-hard-to-do/

[Sportsman]

Piece about the future from a so-called expert: http://speri.dept.shef.ac.uk/2016/07/04/breaking-up-is-hard-to-do/

Hah, what does he know. A bloke down the pub told me that there is no problem an I know what I would rather believe.

[barry luxton]

The great thing is that when you bend over and stick your head in the sand you are in the perfect position for what comes next

 

 

really, go look at how france spain and Italy are 'getting on' in the financial world they are over and above the e u financial constraints, on their uppers, like I have said previous, sell your u k assets and bugger off to spain, I'm sure you will be very happy wallowing, bye bye you won't be missed, or your pathetic gobshiet won't be missed, slagging off the u k. :bye1:

Edited July 5, 2016 by barry luxton