EU Referendum

[Foxholer]

Hey, who is this "IamP" ?
Just stick an exclamation mark in after the a, as a Foxy post with just one ! is well below the Foxy average :thup:

Doh!! Apologies!!

!

Better? :rofl:

 

[Foxholer]

There's a lot in that article that I don't understand, including the ratings cut, the quote by Paddy Ashdown and then the figures on borrowing. Ashdown is saying that if borrowing costs go up by 0.5% then it will cost double the equivalent of our EU contributions to finance the debt and the ratings agencies have cut our credit rating which should put up interest rates but on government bonds they have dropped meaning it's actually cheaper to borrow for some reason????? And we need to wait until the Q2 growth figures are out until we find out what has actually happened.

FTSE100 and FTSE250 I'm sure will settle down once the money men have finished their gambling and making money from it all.

Weaker pound good for exports and foreign tourists coming to the UK.

Ratings cut should be pretty self-explanatory - the ratings agency feel less enthusiastic about UK's economic prospects (sufficiently so to 'downgrade' their view - and there's a lot of 'detail' missing, but that's why rating agencies are useful, and used).

As for the other effects....There are so many elements to an economy that it's pretty much impossible to monitor and react to each (and the overall) tiny variation! There are large numbers of extremely well (over?) paid folk employed to do exactly that - and, of course, their activity has an influence on the overall sentiment too! It's rather a different scene to the 'old' image of 4 'independent' gentlemen meeting each afternoon setting the price of Gold for the day! Pretty much the equivalent to a duck/swan gracefully moving upstream!

Politicians, of course, simply look for events/figures/approaches that support their particular view - the £350Million being a classic case! True, yet false at the same time! And will any money 'recovered' be given directly to NHS? Unlikely imo, but I'm sure some politicians will point at some numbers and say that's what happened! Likewise, a weaker pound has advantages as well as disadvantages and it depends on your point of view which is 'better' at any time!

Do I sound cynical? Damned right - because that's basically what I am when it comes to politics, and (UK) news media (propaganda!) except for that bastion of neutrality, the BBC! Typically, Ashdown is (probably) correct, though he omits to mention that the rush to 'safer' instruments mean that Government borrowing is cheaper, so there's a consequent saving. That''s what happens in a 'market' economy and it's the job of the Bank of England to manage (actually...referee might be a better term!) that overall. And there's a lot more to it than simply setting interest rates! Actually, the significantly greater role/responsibility of the BoE was probably Gordon Brown's best and most significant contribution to the UK!

 

[harpo_72]

What's the point talking about the markets? The Bank of England has stabilised the markets with there £250 billion... Take that away and where would it all be? You see George was actually trying to get the fall out reduced... And fair play he has made an effort.
The issue is who is going to pay for the £250billion ? Secondly what happens when we stop spending because some of us are quite cautious ( probably 48% ) ... I'll leave it there. I am sure the deluded Shankar will come on and pooh pooh it ( cos he finks he's alright.... Sod the kids)

 

[BubbaP]

I don't do FBook but apparently this is doing the rounds. Tidied to aim to make it forum suitable (mods jump in if needed)

"

Right. #### this. We're ALL up #### creek and we need a paddle. Now, not in three months.

Fellow Remain voters: Enough already. Yes, we're all ###### off but navel gazing ain't gonna help. Not all 17 million Leave voters can possibly be racist northern pensioners without an O level to their name. Maybe they have a point about this quitting the EU thing? Maybe not. Whatever, we are where we are and no amount a whinging is gonna change that. Allegedly we're the intelligent ones, so get your thinking caps on.

Leave voters. Well done. Good game. We hear you. Now you need to get stuck in to the aftermath and not just piss off back to Wetherspoons. (Just banter, #####!). And the first person to say they "want their country back" gets deported to ####### Gibraltar. OK?

Politicians.

David. #### off. Shut the door behind you. Now.

George. You may be a #### but you're our ####. Plus you know the passwords for our Junior Savers account. Get your calculator. Drop the face-like-a-slapped-ass routine. You're on.

Boris. Sorry mate. That photo of you abseiling by your scrotum over the London Olympics while waving a Union Jack can't ever be un-taken. Plus, you'll never be able to appear on Question Time again without some sturdy Glaswegian nurse asking where the #### her 350 million quid is. Not only will she have a very good point, she'll be wearing a T shirt that shows you gurning in front of that ####### bus! No captains hat for you I'm afraid.

Theresa. You're in charge love. Get the biggest shoulder pads you've got. We need Ming The Merciless in drag and you'll scare the #### out of 'em.

Nicola. Yep. Fair cop. You probably could get us on a technicality, as could London. But we ####### love shortbread. And oil. And to be honest you're probably the best politician we've got, so we need you on side. Sort your lot out and we promise never to mention that Jimmy Krankie thing again (although it is pretty uncanny) and we'll make you a Dame once we're sorted. Bring Ruth Davidson. She kicks ass.

Opposition party. We'll need one. Someone take Jeremy and John back to the British Legion Club where you found them. Take Nigel as well. Give back their sandals, buy them a pint, then go to Heathrow and collect David Milliband. #### it. Lets gets Ed Balls as well. He keeps George on his toes. I think he works on the lottery kiosk at Morrisons now?

Oh. And Mark Carney. Give him a knighthood and tell him to keep that #### coming. We definitely need more of that good ####!

Everyone set? Right. Hold the Easyjet. We're going to Brussels and this ain't no hen party.
"

 

[SwingsitlikeHogan]

What's the point talking about the markets? The Bank of England has stabilised the markets with there £250 billion... Take that away and where would it all be? You see George was actually trying to get the fall out reduced... And fair play he has made an effort.
The issue is who is going to pay for the £250billion ? Secondly what happens when we stop spending because some of us are quite cautious ( probably 48% ) ... I'll leave it there. I am sure the deluded Shankar will come on and pooh pooh it ( cos he finks he's alright.... Sod the kids)

Well - it could be covered by 14yrs worth of £350m / week

 

[Deleted member 15344]

Two very good images I have seen today





And just seen that Crabb is going for the Tory leaders job - after what he said about homosexuality his appointment would set the country back decades

 

[BubbaP]

What's the point talking about the markets? The Bank of England has stabilised the markets with there £250 billion... Take that away and where would it all be? You see George was actually trying to get the fall out reduced... And fair play he has made an effort.
The issue is who is going to pay for the £250billion ? Secondly what happens when we stop spending because some of us are quite cautious ( probably 48% ) ... I'll leave it there. I am sure the deluded Shankar will come on and pooh pooh it ( cos he finks he's alright.... Sod the kids)

Curious, where did you pick that from?
Thought it was closer to 9, and a fair chunk was before the actual vote.

 

[harpo_72]

Curious, where did you pick that from?
Thought it was closer to 9, and a fair chunk was before the actual vote.

That's what was offered as a slush fund...


http://www.bankofengland.co.uk/publications/Pages/news/2016/056.aspx

 

[harpo_72]

Well - it could be covered by 14yrs worth of £350m / week

But won't ... Did you work out the compound interest ?

 

[SocketRocket]

What's the point talking about the markets? The Bank of England has stabilised the markets with there £250 billion... Take that away and where would it all be? You see George was actually trying to get the fall out reduced... And fair play he has made an effort.
The issue is who is going to pay for the £250billion ? Secondly what happens when we stop spending because some of us are quite cautious ( probably 48% ) ... I'll leave it there. I am sure the deluded Shankar will come on and pooh pooh it ( cos he finks he's alright.... Sod the kids)

FTSE 100 = 6,360.06 Now higher than before the Referendum.
GBP/USD = 1.3451
GBP/Euro = 1.2092



Well Mr Harpie, still putting out your dicey rhetoric and misleading utterings of doom.

Where did you get this utter claptrap where the BOE has put £250 Billion into the markets They have released £3.1 billion on Tuesday that was the last of the extra auctions announced by the Bank of England in March this year and the third and final part of these secured loans to banks that bid for it. Don't worry too much though, they are not expecting to find it in your bank account so you will still be able to manage a rainy weekend in Skeggy this August. Keep talking down your country and you may get what you wish for.

Stupid Boy Pike :rofl:

 

[harpo_72]

FTSE 100 = 6,360.06 Now higher than before the Referendum.
GBP/USD = 1.3451
GBP/Euro = 1.2092



Well Mr Harpie, still putting out your dicey rhetoric and misleading utterings of doom.

Where did you get this utter claptrap where the BOE has put £250 Billion into the markets They have released £3.1 billion on Tuesday that was the last of the extra auctions announced by the Bank of England in March this year and the third and final part of these secured loans to banks that bid for it. Don't worry too much though, they are not expecting to find it in your bank account so you will still be able to manage a rainy weekend in Skeggy this August. Keep talking down your country and you may get what you wish for.

Stupid Boy Pike :rofl:

the action of saying it was available was enough to settle the markets ... The rest of what your saying is delusional... Perhaps you should leave ? I am pretty sure if the 52 % who voted leave did leave economically we would be better off, there would be a few more houses ( we could knock them down) .. Plus you could enjoy each other's company... Go on off you go ...leave ... Stop back peddling pack up your stuff and go ....

 

[Jimaroid]

What does the fall in value of sterling mean to the FTSE100's recovery? It's worth less despite going up.

And the FTSE250 is still way behind.

Not out of the woods yet.

 

[FairwayDodger]

Two very good images I have seen today

View attachment 20043

View attachment 20044

And just seen that Crabb is going for the Tory leaders job - after what he said about homosexuality his appointment would set the country back decades

Amazing that the tories have a seemingly endless supply of odious candidates. I wouldn't have thought it possible to dredge up someone worse than the lying blonde buffoon and "fed up with experts" gove.

 

[FairwayDodger]

What does the fall in value of sterling mean to the FTSE100's recovery? It's worth less despite going up.

And the FTSE250 is still way behind.

Not out of the woods yet.

Mainly multinationals in the ftse100, the 250 is a better indicator of uk businesses. We're in for years of economic turmoil before things settle down. Huge uncertainty at the moment.

 

[Hacker Khan]

Hey Socket, here's one for you to throw back at me and several other Guardian readers on here. http://www.thedailymash.co.uk/news/society/guardian-reader-secretly-loving-all-this-20160630109989

You're welcome...

 

[sawtooth]

Gove now entered race for Tory leadership and PM.

Was it someone on here that posted that Gove had his sights on being PM for a long time and was playing a waiting game, playing it down?

Whoever said that was right on the money.

 

[User62651]

Gove now entered race for Tory leadership and PM.

Was it someone on here that posted that Gove had his sights on being PM for a long time and was playing a waiting game, playing it down?

Whoever said that was right on the money.

T'was me, but I got it on good authority from an ex-uni classmate who has been a Tory activist/politician for 30 years and worked with him canvassing in Aberdeen long time ago, now hates Gove for what he and Boris did to his man Cameron! Will be many other Tory memebers feeling the same way I guess.
That 'leaked' email from Gove's wife yesterday was all part of the game, leaked as in deliberately released!

 

[SocketRocket]

the action of saying it was available was enough to settle the markets ... The rest of what your saying is delusional... Perhaps you should leave ? I am pretty sure if the 52 % who voted leave did leave economically we would be better off, there would be a few more houses ( we could knock them down) .. Plus you could enjoy each other's company... Go on off you go ...leave ... Stop back peddling pack up your stuff and go ....

All up again, maybe you would like to talk it down

FTSE 100 = 6,361.94 Now even higher than before the Referendum.
GBP/USD = 1.3486
GBP/Euro = 1.2113

I'm going nowhere as I am British and not a European. You however are welcome to go and dwell among your brethren in Bulgaria or whatever suits your European inner man.

I wont bother replying to the rest of the drivel in your post as you are a very sill boy Pike . :rofl:

 

[Doon frae Troon]

Gove now entered race for Tory leadership and PM.

Was it someone on here that posted that Gove had his sights on being PM for a long time and was playing a waiting game, playing it down?

Whoever said that was right on the money.

Excellent, another Scottish PM

 

[SocketRocket]

Excellent, another Scottish PM

Theresa will more than likely win it. Was very impressive this morning.