The UK's EU referendum: All you need to know

[Proudpakistaniguy]

[video]

 

[jamal18]

Germany is the EU's largest economy. The UK is the second largest. Brexit leaves Germany virtually omnipotent, and the EU is now effectively a German empire.

 

[flamer84]

If you leave the EU...then EU should change its name to the Fourth Reich.

Latest polls show 26% for leaving in France.No chance.

Germany is the EU's largest economy. The UK is the second largest. Brexit leaves Germany virtually omnipotent, and the EU is now effectively a German empire.

Correction,after today,the UK slipped behind France in GDP value.

God No.

Boris is the type of fella who you'd go with for a Pint, not really someone I want to see as the PM.

The most likely scenario is an early election, but I am out of ideas on which party or politician should rule. I am fed up with all of them.

Corbyn too far left. Farage too far right. Conservatives are only good at cutting everything, while Labour are the opposites.

I am tempted to support a regional party, maybe we can push for a referendum on our succession and return to the age of petty kingdoms.

Mercia in the EU !

 

[UKBengali]

Correction,after today,the UK slipped behind France in GDP value.

Just a temporary phenomenon. UK currency will regain most of the loss quite quickly.

You are aware that the French economy is locked in a cycle of 1% GDP growth and the UK has already made a deal with China to safeguard it's economic future?

 

[flamer84]

[video]

Ofcourse,speaking for Russia Today

Oh Britain,you've been taken for a ride.....

 

[Proudpakistaniguy]

Ofcourse,speaking for Russia Today

Oh Britain,you've been taken for a ride.....

WHAT THE HELL?
did you even bother to watch ?

I think the referendum was quite clear. The vote was essentially a vote against freedom of movement. If that means no single market then so be it.

 

[pakdefender]

Seriously what's wrong with yoy muslim islamist and religion??
You people see Everything through Religion . . No wonder your region is the way it is today. Lol Better to focus on Pakistan's many troubles and middle eastern sectarian wars, Guess you definitely know more about that than the topic at hand. Lol

I said this is an undercurrent, being English one would have thought you would have better comprehension of your own language

And if religion didn't matter at all then the hym , and did those feet in ancient times by William Blake, would never be so popular that it would be considered as the national anthem of England

Nigel Farage for his part has said we know what the European project is about, it has a flag , it has an anthem , it plans to have its army .. Hence we are out of it

This is not just about economics

Speaking of flag , it's the cross of St George that's on your flag , he was an economist was he ?

 

[LeveragedBuyout]

Yeah im there from time to time, whats your name there?

Memory is failing. My username on AMF is "Strategist," not "Capitalist." Apologies, but I just don't visit that often.

 

[flamer84]

WHAT THE HELL?
did you even bother to watch ?

I think the referendum was quite clear. The vote was essentially a vote against freedom of movement. If that means no single market then so be it.

Except that Boris the blade immediately said that the Brits still want to travel to Europe,Farage openly admitted that 350 million GBP a week for the NHS was a lie,UKIP want the same trade deals,etc....You'll be paying the same without having a vote.This kind of situation is known as "proper f$cked"

 

[Proudpakistaniguy]

Except that Boris the blade immediately said that the Brits still want to travel to Europe,Farage openly admitted that 350 million GBP a week for the NHS was a lie,UKIP want the same trade deals,etc....You'll be paying the same without having a vote.This kind of situation is known as "proper f$cked"

Its too early to predict about future as article 50 is not being invoked immediately. David Cameron will resign and the new Prime Minister will take the decision to invoke Article 50 so till then the status quo continues and the EEA Regulations and EU law remains in force. There is no short-term change in the EEA Regulations/EU law until further notice. That will likely only happen after the conservative party leadership elections

Statement from the Governor of the Bank of England following the EU referendum result

The people of the United Kingdom have voted to leave the European Union.

Inevitably, there will be a period of uncertainty and adjustment following this result.

There will be no initial change in the way our people can travel, in the way our goods can move or the way our services can be sold.

And it will take some time for the United Kingdom to establish new relationships with Europe and the rest of the world.

Some market and economic volatility can be expected as this process unfolds.

But we are well prepared for this. The Treasury and the Bank of England have engaged in extensive contingency planning and the Chancellor and I have been in close contact, including through the night and this morning.

The Bank will not hesitate to take additional measures as required as those markets adjust and the UK economy moves forward.

These adjustments will be supported by a resilient UK financial system – one that the Bank of England has consistently strengthened over the last seven years.

The capital requirements of our largest banks are now ten times higher than before the crisis.

The Bank of England has stress tested them against scenarios more severe than the country currently faces.

As a result of these actions, UK banks have raised over £130bn of capital, and now have more than £600bn of high quality liquid assets.

Why does this matter?

This substantial capital and huge liquidity gives banks the flexibility they need to continue to lend to UK businesses and households, even during challenging times.

Moreover, as a backstop, and to support the functioning of markets, the Bank of England stands ready to provide more than £250bn of additional funds through its normal facilities.

The Bank of England is also able to provide substantial liquidity in foreign currency, if required.

We expect institutions to draw on this funding if and when appropriate, just as we expect them to draw on their own resources as needed in order to provide credit, to support markets and to supply other financial services to the real economy.

In the coming weeks, the Bank will assess economic conditions and will consider any additional policy responses.

Conclusion

A few months ago, the Bank judged that the risks around the referendum were the most significant, near-term domestic risks to financial stability.

To mitigate them, the Bank of England has put in place extensive contingency plans.

These begin with ensuring that the core of our financial system is well-capitalised, liquid and strong.

This resilience is backed up by the Bank of England's liquidity facilities in sterling and foreign currencies.

All these resources will support orderly market functioning in the face of any short-term volatility.

The Bank will continue to consult and cooperate with all relevant domestic and international authorities to ensure that the UK financial system can absorb any stresses and can concentrate on serving the real economy.

That economy will adjust to new trading relationships that will be put in place over time.

It is these public and private decisions that will determine the UK's long-term economic prospects.

The best contribution of the Bank of England to this process is to continue to pursue relentlessly our responsibilities for monetary and financial stability.

These are unchanged.

We have taken all the necessary steps to prepare for today's events.

In the future we will not hesitate to take any additional measures required to meet our responsibilities as the United Kingdom moves forward.

 

[SMS Derfflinger]

I have think about this...and come to the conclusion, it feels like the loss of family. I will miss you guys.

 

[Taygibay]

Would love to hear from someone in France following this story.

It's a special case for us, man! We will remain friends with the Brits ( and assorted Celts ) no matter what.
The mil work for example ( we are building an expeditionary corps together and have a huge past in good
/great co-weapons programs ) is unlikely to change all that much. This won't renege the Lancaster House
treaties.

As a follow-through, the differences in Foreign Policies won't vary either and nor will the similarities. As top
countries go, interests overrule circumstances. F_P is based on strategic choices not political experiments.

We may also count on Germany within the EU not to risk too much, if not for sure to get the message.
Mutti is going to be very busy flogging and pleasing everyone at once, incl. world affairs, which limits her options.

Europe has to be tough with the soon-to-be-ex UK, make an example, etc. and that can't be spared ...
but at the same time, it would have to make it possible for most exchanges to keep alive'n kicking.

And then the markets will require balance, a weigh-in to determine who pays and who gains, wins or loses.


But then one draws in a big breath, exhales slowly and thinks about how :

- The correct way is for a new government to enact this referendum into reality;
- That won't be in function before October after Cameron's gone;
- That would then have to ask for the withdrawal to the EU, the polite and legal thing to do;
- A process that under provisions from Brussels/Strasbourg is to last 2 years;
- But which practical considerations might force to see extended, times 3 or 4 so 6+ years;
- And last but not least that referendums are not legally binding for the government in the UK;
- The last resort of which remains in the Queen and her Council & Lords.

In other words, you can have a beer, it's only half-time and it will be a long one!
And a historical moment always breaks the monotony and ensuing boredom ...

that sort of things! Take care, Tay.

 

[Deliorman]

Grieving family reveal war veteran's dying wish was for them to post his Leave vote because 'he was fighting for this country until the end'

Read more: http://www.dailymail.co.uk/news/art...-vote-fighting-country-end.html#ixzz4CXVuq3VI

 

[Desert Fox]

@Vauban @flamer84 @vostok @senheiser @C130 @XenoEnsi-14 @SMS Derfflinger @Steve781 @mike2000 is back @Bundeswehr

 

[pakdefender]

A bit of exaggeration there by (((Ben Garrison)))