what if uk leaves eu - effect on prices

Perhaps they didn't think that 52% of the country is terminally stupid

Only 52% of the people who bothered to vote, so will work out less than 1/2 the country is terminally stupid in your opinion so not so bad:rolleyes:, though is it stupid not to vote? I can understand why people voted to leave, think they were wrong but can understand and they were a lot braver/or stupid than me.
 
Perhaps they didn't think that 52% of the country is terminally stupid
Xenophobia racist and now just plain stupid. We "leavers" certainly are a despicable bunch!

Just because the vote didn't go the way you wanted it to go, it doesn't mean that 17,455, 455. people are stupid.

I agree that name calling after the event is counter productive.
There was a fair bit of that ( on both sides) on the run up, why should it be any different now ? :rolleyes:

It's done now, let's get on with it.
Agreed, but it won't happen for quite awhile I bet.
 
How to alienate a possible 52% of the forum members in one sentence.

So whose terminally stupid?
To me, it was patently obvious that the only "control" that we would eventually get over immigration (for the people to whom this is an issue" is that by leaving, we will be able to deport convicted criminals back to the EU. It is obvious that, outside the community, we will have to agree to free movement, just as Norway and Switzerland have had to agree. So, why could anyone possibly believe the politicians who said otherwise?
And it was also patently obvious that we will all be much worse off financially, and it was equally obvious that the figures quoted by the Leave Campaign were false.

It will take time for the situation to stabilise, but right now we're looking at something in the region of a 15% price rise on all imported goods - and nearly everything is imported...
Businesses that were worried about the possible result all hedged by turning all of their £ into USD, but that's just a short term measure.

Personally, in the light of announcements made today, I can't help wondering whether Cameron now regrets his announcement that he will resign.

Whether or not I was right to describe out voters as terminally stupid, my guess is that a lot of them will very soon regret their decision.
 
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Whether or not I was right to describe out voters as terminally stupid, my guess is that a lot of them will very soon regret their decision.

I'm not going to be harsh about you calling leave voters stupid, if the result was the other way round (me being a leave voter) it is the sort of comment I would have made in reverse out of frustration that others did not share my point of view on the subject, it's part of being a winner in my opinion to be a bad loser!

The crux of the matter, not that it has been discussed particularly well between the propaganda of both campaigns, is that no one can predict the alternate futures before voting. Nor after voting and living out one course of action can we go back and live out the other future to see if it would have been better.

One thing for me that I was clear on with myself before voting, and since is that I was not voting to destroy our economy for any emotional and possibly irrational reasons. I genuinely believe that our economy is better off long term out of the EU. The option of leaving the EU did give a very unclear future not without risk, although there are some good compelling rough plans out there how to proceed and succeed.

The option of staying in the EU though, and I can't stress this enough to many people who think their lives have been ruined by the 'racist' out voters, is not a vote for things to stay the same. Whilst right now we may be able to buy imported camera equipment for 'x', and we have sky tv and holidays to Spain and feel safe in thinking voting remain was voting for these things to carry on forever it was simply not the case. Again, no one is able to predict either future but Brussels, and common sense gave us some clues what a 'remain' future may have looked like.

From a democratic point of view our ability as free people of the 21st century world have been eroded. Unelected President Juncker (talking of the Greek situation but clearly showing his attitude) states; "there can be no democratic choice against the european treaties." The more your read up on the EU the more you get a foreboding sense that it is not a United States of Europe, but a European Union of Soviet Socialist Republics. 10,000 bureaucrats earning more than David Cameron (was). Rejected, by their own people voting them out, heads of state with jobs for life, no accountability and almost absolute power. The thing we know about power is that it corrupts, and absolute power corrupts absolutely. Somebody mentioned earlier in the thread, it may have been you Garry, that we will now get the government that we deserve. Incidentally this was a reason I voted out. By remaining we would end up with Brussels ruling us almost exclusively within 10-20 years and we would have no power at all to change that. David Cameron's 2 year re-negotiations that led to completely nothing proved they will not listen, or budge. They are right, our elected Prime Minister is wrong and the thoughts of the human beings, the people within a nation state do not even bear thinking about. The issue with Brussels taking more and more control and dictating more of our rules and laws is twofold, one we can do nothing to change it and second our quality of politician at home actually gets worse. With the real power lying in Brussels UK governments have been, and would have been able to blame the EU for their own failings. Without any real responsibility of their own more time is spent on feathering their own nests and lining themselves up for future jobs in the EU. The advantage of leaving from a democratic point of view can't be understated. As a people we will retain the ability to vote in, and crucially vote out our law makers. The more democratic power the people have, the truer to their word politicians will have to be, especially if they know we will exercise the right to remove them. Also I believe that our politicians with a real job to do and actual responsibility will over time garnish a better quality of politician. It may take time, but quality leaders will step up to the plate out of necessity and less time will be spent on planning duck ponds with tax payers money and more time on doing what we the people employ them to do. (Which if they do well I actually think they should be paid more but that is another story)

From a financial point of view, still looking at the remain future within the EU, things will not stay the same here either. A question I asked myself, and friends whilst making my mind up was this. For what problem is the EU a solution? Also if I was voting to join it or stay out, rather than leave or stay in, would I think differently? Perhaps others reading this know should reflect on those questions. Not just looking at it subjectively, but objectively for me as a business model it is doomed to fail. Regarding our own fiscal obligations with only Germany contributing more and being a larger economy than us, and no other rich countries left to join, the only additional countries to join would be poorer. The money would only flow one way, and the people looking to better themselves the opposite way. This costs us multiple times, firstly as part of a socialist experiment that we did not sign up for the infrastructure of joining countries will be brought up to a higher standard at our cost. Then the migrants travelling to the UK use our infrastructure, free at point of use (but not free!) health service, claim benefits, give our work shy an excuse not to fill jobs so we also have to dole them (system also at fault) and send the money home for families to spend in native countries outside of the UK economy. These are multiple drains on the UK and the money does not come out of thin air, our taxes are paying for it. We would likely be taxed further in future to pay for increased EU assimilation of smaller countries. Bail outs, have cost us dearly in the past, supposedly we won't be part of in the future but imagine what will happen when Italy, or possibly France need help. It would break us, and supposing this is in 15 years time and we are closer tied to the EU perhaps forced into the euro even. The pain then would be a lot worse than the mickey mouse money games stock brokers are playing with the pound at the moment. Potentially I felt if we were going to have a recession, I would rather have a small one now, and bounce back from it in the right position to go forward and succeed as a country as opposed to having a massive one when the house of cards all falls down.

So I personally don't regret my decision for voting leave. Do any remain voters who had envisaged the EU carrying on as a utopian vision and had only heard Osborne's dark threats about leave now think differently? Maybe they will when they see how the EU acts in the coming months, I am sure they will try and take punitive spiteful measures against us as a deterrent to any other naughty children. However, what has always been a constant in my decision making is common sense. I never understood the worry about trade. The day we leave the EU not only will they lose us as a cash cow (their second biggest) but we instantly become their single biggest export market for goods. A rich nation of 65 million consumers spending £100 billion a year with EU countries where in return they only spend £10 billion. Can they afford to lose that business. Of course not, that wouldn't just be cutting of your nose to spite your face, that would be self destructive madness. I never understood the deal anyway. In my experience if I was buying 10 times as much goods/services from what someone else was buying from me I would expect him to give me the backhander, not the other way round! Yet we were best customer of the EU and had to pay for the privilege! That is not how business works. Add into the deal being forced to accept immigration, and have our laws made with no recourse from Brussels, and being hamstrung at dealing with the rest of the world and I think staying in was the risk.

In conclusion I am not arguing with you, merely trying to show the rambling mind of a leave voter. Please take it as such and I am happy to answer any questions. Going forward this referendum has clearly divided the people fairly evenly, I personally do not think Boris is the right choice for PM. The reasons being we need to unite as a country to succeed for all our sakes (and not get into a blame game of I told you so) and really Boris as a leader of a remain campaign is going to be adding salt to the wound of the remain voters. I am thinking someone like David Davis, or Liam Fox would be an excellent PM to take us out. It needs to be a 'Brexit' government, but it also needs to be a good government, there is still the full time job of running a country. Boris would constantly being called to account for things he said in the the campaign, just like Cameron would have been and perhaps Osborne will be. Davis or Fox is less about the ego and more about getting on with things I feel. Also, in negotiating I think a slightly less prominent figure than Boris would hold less resentment with the Europeans. Perhaps the best person for that job, and potential future foreign secretary in my opinion is Dan Hannan, close and respectful to the europeans but a voice of reason and calm for the nation. Has understanding of the past and a vision of the future but is clearly very British at heart and would not concede too much...

Essay over!
 
I understand your viewpoint fully, although I strongly disagree with it, 51.9% of those who voted have spoken and I have to accept that decision, even though the government doesn't have to.
Firstly, I blame Cameron, he called the referendum even though he had neither need nor good reason to do so, and because of this the United Kingdom will be destroyed in the medium term - we will almost certainly lose Scotland, N. Ireland and Gibraltar, which will also make us even smaller and weaker than leaving the EU. He will be remembered as the PM who destroyed the UK.

In the longer term, the EU will crumble too, and whatever faults it may have, without it the only significant economies will be China and the USA - what a terrible thought!

And if we cease to be a major financial centre, which looks very likely, our only real export (and means of earning a living) will be gone too so no, I can't agree with you that we will be better off in the long term, all the indications point towards the exact opposite.

Personally, I won't be affected much, prices of just about everything (not just photographic) will go up because just about everything is imported but I can afford the inflation because I've been lucky in life. I'm far more concerned about my children and grandchildren, as I probably won't be alive to see the worst of the consequences. My suspicion is that most of the people who voted to leave can't afford the consequences.

Secondly, I blame the politicions on the leave side who have lied their heads off about the immigration, security and economics issues. My guess is that they've done it for pure self interest, when they should have acted in the interests of their country.

And thirdly, I blame the voters who didn't bother to check the veracity of their false statements, even though there were several completely independant websites that carefully examined - and debunked - all of the various claims. All that the voters needed to do was to check with the experts.

You may have thought this through, but I don't think that the average "out" voter has. And my guess is that we will have a repeat of the situation that we had when that nice Tony Bliar was PM, lots of people voted for his party but, 5 years later, hardly anyone was prepared to admit that they were one of them.

Meanwhile, and back to the question, the pound has gone into freefall. The fact that its crash has been slowed down and temporatily arrested is due to the billions that the Bank of England has pumped into trying to avert disaster, but although we are in reality an extremely rich country, they can't keep doing this and the £ will eventually find its own level, and this will result in substantial inflation of all imported goods. And that's nearly everything that we buy.
 
I blame the politicions on the leave side who have lied their heads off about the immigration, security and economics issues. My guess is that they've done it for pure self interest, when they should have acted in the interests of their country.
Another illiterate xenophobe here. I'd like to think people could see though the b****x being spouted by both sides. To my knowledge it's not started raining frogs yet and our security is stil dealt with by NATO and not Brussels. I voted out because (IMHO) the EU is a wasteful, unconstitutional, basket case. Eventually it will go to the wall itself so better off out now and plan for the future rather than being dragged down by it.
As an aside my MiL lives in Greece and she would have voted out having seen 1st hand rather than just on a holiday how they've been screwed by the EU. Luckily she's old so her opinion is nonsense.
What's annoyed me the most by the losers though is the MP's. They need to get with the programme, start pulling together and bigging up the UK. If they're not prepared to do that then they should quit and let someone who will take over their cossetted little number.
 
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Perhaps they didn't think that 52% of the country is terminally stupid
I voted to leave and I'm not 'terminally stupid'. We don't need name calling.

And as, Andrew Neil has observed on Twitter, 'FTSE fell but finished on weekly high. £ plummeted but closed @ Feb levels. U.K. Gilt yields fell'.
 
To me, it was patently obvious that the only "control" that we would eventually get over immigration (for the people to whom this is an issue" is that by leaving, we will be able to deport convicted criminals back to the EU. It is obvious that, outside the community, we will have to agree to free movement, just as Norway and Switzerland have had to agree. So, why could anyone possibly believe the politicians who said otherwise?
And it was also patently obvious that we will all be much worse off financially, and it was equally obvious that the figures quoted by the Leave Campaign were false.

It will take time for the situation to stabilise, but right now we're looking at something in the region of a 15% price rise on all imported goods - and nearly everything is imported...
Businesses that were worried about the possible result all hedged by turning all of their £ into USD, but that's just a short term measure.

Personally, in the light of announcements made today, I can't help wondering whether Cameron now regrets his announcement that he will resign.

Whether or not I was right to describe out voters as terminally stupid, my guess is that a lot of them will very soon regret their decision.

Democracy is great until you don't get the result you want isn't it? We don't need facile comments about those who have different opinions to yourself ! How about just sucking it up and getting on with things?
The campaign has been appalling by both sides, lies, damn lies and statistics but most people can make a decision based on their gut instincts , and its certainly not down to you Garry to describe people who had a different viewpoint to you as terminally stupid is it?
 
I understand your viewpoint fully, although I strongly disagree with it, 51.9% of those who voted have spoken and I have to accept that decision, even though the government doesn't have to.

In fact that's a nonsensical argument - where I live in the East midlands the vote to leave was 64% - and apart from London, Scotland and NI every other part of the UK voted to leave; 5 areas actually voted over 71% to leave - but of course the remainers don't actually care about that - the Guardian luvvies and the "Snowflake Generation" are now screaming at an indifferent universe that democracy doesn't work - only THEIR view of democracy is valid - and other people's view of democracy doesn't count!
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In fact that's a nonsensical argument - where I live in the East midlands the vote to leave was 64% - and apart from London, Scotland and NI every other part of the UK voted to leave; 5 areas actually voted over 71% to leave - but of course the remainers don't actually care about that - the Guardian luvvies and the "Snowflake Generation" are now screaming at an indifferent universe that democracy doesn't work - only THEIR view of democracy is valid - and other people's view of democracy doesn't count!
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Without wishing to join the (now completely redundant) argument, look at the 'overall result' map about 1/3 of the way down the page. It's certainly not just London, Scotland and NI. Still, we can break things down however we like, according to the point we wish to make, but all that matters is the overall result, which was pretty close by any standards.

My biggest disappointment now, and this isn't directed at anyone in particular here, is that the antagonistic and divisive arguments are continuing. The media are particularly guilty of perpetuating this (e.g. Question Time tonight dividing the guests into 'leave' and 'remain' camps when, of course, such things no longer apply). We need to start dealing with the reality of now and the future - the referendum is history.
 
Democracy is great until you don't get the result you want isn't it? We don't need facile comments about those who have different opinions to yourself ! How about just sucking it up and getting on with things?
The campaign has been appalling by both sides, lies, damn lies and statistics but most people can make a decision based on their gut instincts , and its certainly not down to you Garry to describe people who had a different viewpoint to you as terminally stupid is it?

I'd just note that i voted remain - but i'm in full agreement withthis, the vast majority of the leave voters are not stupid, not xenophobes, and not racist , they are our fellow citizens and we should all now pull together as a united people to pusjh the govt to make a coherent plan, not divide into tiny bickering groups

there is of course a tiny minority of racist f***nuckles , busy celebrating the referendum win by insulting and in some cases assaulting imigrants and foreigners, but it it doesnt take a rocket scientist to see that these halfwits are not representative of leave voters anymore than they are of the Uk population at large

(incidentally shouldnt this discussion really be in hot topics or out of focus ? )
 
I wonder if we'll see standard prices in the UK go up...
New photographic equipment is essentially priced in Yen. The Pound has been falling against the Yen for about a year now. This time last year you would have got about 195 Yen to the Pound; at the start of this year it was about 175; recently it's been around 150; and now it's about 135. That's a drop of 30% in a year, including a drop of 10% since last week.

So yes, UK prices will go up.
 
New photographic equipment is essentially priced in Yen. The Pound has been falling against the Yen for about a year now. This time last year you would have got about 195 Yen to the Pound; at the start of this year it was about 175; recently it's been around 150; and now it's about 135. That's a drop of 30% in a year, including a drop of 10% since last week.

So yes, UK prices will go up.

Glad I picked up a few new bits last week!
 
New photographic equipment is essentially priced in Yen. The Pound has been falling against the Yen for about a year now. This time last year you would have got about 195 Yen to the Pound; at the start of this year it was about 175; recently it's been around 150; and now it's about 135. That's a drop of 30% in a year, including a drop of 10% since last week.

So yes, UK prices will go up.
Well, priced in Yen if it's made in Japan anyway. And priced in YUAN if made in China, which nearly everything is, but whichever currency it's priced in, it is paid for in USD, and so when the dollar becomes stronger in relation to the £ then prices must obviously rise. This is already starting to happen with the fuel that we put into our cars, all fuel is traded in USD. Basically, the USA maintains the USD as the principal trading currency throughout the world - if you don't want to be bombed or invaded, trade in our currency...
Other more local commodities, for example food, are paid for in Euro, so again prices have to rise.
A few years ago, when marketing was far less global and profit margins were higher and volumn sales were lower, currency fluctuations had far less effect, because a lot of Companies would simply either make extra profit or less profit when the exchange rate affected their costs, but those days have long gone and the margins simply aren't there anymore, so prices have to go up or down pretty well immediately in line with the exchange rate.

They go up because there isn't enough profit to absorb the increased costs, and they go down because of competition. Therefore there will be hardly anyone out there taking advantage of the situation, or of uncertainty, they have increased their prices because the £ has, in effect, been devalued.
Time will tell on this and obviously we're all hoping that the situation will stabilise, but in fact it can get a lot worse, it depends on whether or not London is able to maintain its position as a financial centre, which is looking less likely, with financial sector firms already talking about having to move their operations to EU countries. As financial services is core to our economy and is really the only export left, it's crucial both to our economy and to the prices we will pay for all imports in the future.

Right now, my guess (and it is only a guess) is that anyone thinking of buying any expensive imports should do it now.
 
I love the fact that out creates uncertainty, where as remain, oh yeah they can all predict the future, because the EU was never going to change was it?

Prices for camera gear, will fluctuate all the time. Its like oil, its a con. Oil that we are using in petrol today was bought years ago, and the companies complain that the second it goes up, its placed straight to the customer.
 
it is quite astonishing how different the reaction is on this forum to the one on AP. Both are substantially made up of photographers. on the AP one 81% voted stay and 11% voted leave. Here the most vocal seem to be the leavers.
Any one who has a pension pot, savings, and any sort of investments will have had them devalued by around 10% so far. There was a slight recovery but this is now reversed again. The trend is downward.
The Country has lost its Triple A rating and nation borrowings will now cost substantially more..
Even before we leave the EU, those aspects alone will ensure tax revenues fall.
Prices are already rising, It is inevitable that savings will need to be made in government expenditure to balance the books. this will hit the man in the street very soon in reduced services and reduced welfare.
As all things are financially connected, this reduction is likely to be between 10 and 15% as things stand now. (My life savings have reduced by this already)

How many Brexit voters would have voted for a reduction in their income of 10 to 15% ?

Frankly they were conned by false promises.

From what has been said so far the Government will try to negotiate us staying in the free trade area. The conditions of that include paying a contribution in to the EU budget, and maintaining free movement of people. finance and services. These conditions are non-negotiable and apply to all nations In or Out of the EU.
 
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Without wishing to join the (now completely redundant) argument, look at the 'overall result' map about 1/3 of the way down the page. It's certainly not just London, Scotland and NI. Still, we can break things down however we like, according to the point we wish to make, but all that matters is the overall result, which was pretty close by any standards.

My biggest disappointment now, and this isn't directed at anyone in particular here, is that the antagonistic and divisive arguments are continuing. The media are particularly guilty of perpetuating this (e.g. Question Time tonight dividing the guests into 'leave' and 'remain' camps when, of course, such things no longer apply). We need to start dealing with the reality of now and the future - the referendum is history.


The Referendum is over but peoples opinions remain the same. The situation will only be resolved in favour of leave if the remain are prove wrong and conditions and finances improve.
People do not become Tories when labour lose an election. Political opinion only changes when people are convinced of the advantages of a different philosophy.

If you exclude the small percentage of prejudiced Knuckle draggers, Little englanders and the stupid or senile, there probably was no majority.

One old dear on a BBC interview said she voted for leave because she remembered the old times. I was born in 1935 and at no time since, has the British economy been any better state than it is now. From 1945 we have undergone a series of disasters. For much of that time we existed on borrowed money. Our recovery has largely taken place with in the membership of the EU. Prior to the war we existed by bleeding the countries of our empire dry. We have never stood on our own feet. There are no old times to go back to.
 
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although to be fair unless you are retiring in the next couple of years thats the least of your worries ... the housing bubble and credit crunch a few years back took a s***load more off most investments
 
If you check out Panamoz or Hdew both Grey importers you will see a lot of prices have gone up already due to the weak £ I'm guessing?
I just wish that all of the politicians of all parties would get together and do there best to get the best deal for us with EU instead of bickering and point scoring against each other !
If they can't do that which is what we pay them for then perhaps it's time we had another General Election and we made sure as best as we possibly can to get people into power who really do care about the people and there interests that put them there to represent them ?
 
although to be fair unless you are retiring in the next couple of years thats the least of your worries ... the housing bubble and credit crunch a few years back took a s***load more off most investments

But we did not vote for the housing bubble or credit crunch....
Of course many thousands of people will be retiring in the next couple of years. and investments take many years to recover beyond that.
I am already retired and lost income stays that way.....
 
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my point was that if the american econmy tanks (or for that matter china ) the effect on investments is going to make Brexit look miniscule by comparison ... also its not Brexit per se that is pushing the shares and sterling down , its the uncertainty ... which is why they've begun to stabilise now that its clear nothing is happening imediately

Also a good fund manager can make as much money in a falling market as in a rising one, and I would have expected most pension funds etc to have protected themselves by taking balanced long and short positions as its not like they didnt see this possibility coming
 
If you check out Panamoz or Hdew both Grey importers you will see a lot of prices have gone up already due to the weak £ I'm guessing?
I just wish that all of the politicians of all parties would get together and do there best to get the best deal for us with EU instead of bickering and point scoring against each other !
If they can't do that which is what we pay them for then perhaps it's time we had another General Election and we made sure as best as we possibly can to get people into power who really do care about the people and there interests that put them there to represent them ?

We will never get a better deal than the one we have now...and we have voted it down.
We are only arguing over the second best at most.
Don't worry about camera prices, that is the least of our problems. All prices will rise.
 
my point was that if the american econmy tanks (or for that matter china ) the effect on investments is going to make Brexit look miniscule by comparison ... also its not Brexit per se that is pushing the shares and sterling down , its the uncertainty ... which is why they've begun to stabilise now that its clear nothing is happening imediately

Also a good fund manager can make as much money in a falling market as in a rising one, and I would have expected most pension funds etc to have protected themselves by taking balanced long and short positions as its not like they didnt see this possibility coming

markets were rising up to the actual result as was Stirling. They did not see this coming, they were betting that it would not. Markets and Stirling are still falling day on day.
For some reason China and Japan are especially worried by the situation.
 
We will never get a better deal than the one we have now...and we have voted it down.
We are only arguing over the second best at most.
Don't worry about camera prices, that is the least of our problems. All prices will rise.

I'm certainly not worried about camera prices rising or anything else
So what deal did we have that's not going to get better than the one we have now ?
 
The Referendum is over but peoples opinions remain the same. The situation will only be resolved in favour of leave if the remain are prove wrong and conditions and finances improve.
People do not become Tories when labour lose an election. Political opinion only changes when people are convinced of the advantages of a different philosophy
I don't see much point in continuing the argument about whether we should leave, when the decision is already taken. After a general election it would be kind of pointless to argue that your preferred party leader should have become PM, when they've just lost. Each to their own, however...
My worry is that continuing the argument creates a pessimistic atmosphere in this country which, in turn affects confidence for consumers and the stock market. Predicting doom could be a self-fulfilling prophecy which, I believe, is why the more savvy 'remain' (ex) campaigners have stopped doing it.
I also don't like the way the campaign has split the UK into 2 factions, with a lot of animosity between them. We need to come back together as a nation and deal with what's in front of us, rather than fighting about what's behind us.
Oh, and just to be clear, I voted to remain in the EU. The majority voted to leave, and I accept that (I sincerely hope I was wrong). Now let's try and make the best of it :)
 
I'm certainly not worried about camera prices rising or anything else
So what deal did we have that's not going to get better than the one we have now ?

not sure what you are asking as we did not have a previous deal.?
The new terms that Cameron negotiated and put on the table are withdrawn and dead.

But the deal we have now is not even the starting point. The EU are not going to improve on it... and why would they want to?
When we invoke section 50. from that point we have no continuing deal at all, and have to negotiate the terms of our exit, with completion with in two years.
When that is complete, and only then, can we start to negotiate any new deal.
section 50 is not about negotiating a new deal. That is entirely up to us to convince the EU to negotiate one.
 
I don't see much point in continuing the argument about whether we should leave, when the decision is already taken. After a general election it would be kind of pointless to argue that your preferred party leader should have become PM, when they've just lost. Each to their own, however...
My worry is that continuing the argument creates a pessimistic atmosphere in this country which, in turn affects confidence for consumers and the stock market. Predicting doom could be a self-fulfilling prophecy which, I believe, is why the more savvy 'remain' (ex) campaigners have stopped doing it.
I also don't like the way the campaign has split the UK into 2 factions, with a lot of animosity between them. We need to come back together as a nation and deal with what's in front of us, rather than fighting about what's behind us.
Oh, and just to be clear, I voted to remain in the EU. The majority voted to leave, and I accept that (I sincerely hope I was wrong). Now let's try and make the best of it :)

The Lib Dems have started to campaign to rejoin the EU at a future date.
The Scottish parliament are investigating how to do the same but with out actually leaving, as well as another referendum to leave the UK
The brexit vote is miles from the end of the matter, and the ramifications will continue for many years.
I do not believe for a moment that we have any sort of successful future outside Europe.

Many of us feel both European and British, with the emphasis on European.
 
. Markets and Stirling are still falling day on day.
.

Sure they are

This is the FTSE 100 today
market.png

Sterling reached a low on monday and has been static against the euro and climbing against the dollar and yen since then

sterling.png

see also http://uk.reuters.com/article/us-global-markets-idUKKCN0ZE028

for the TLDR version markets are climbing because investors are basically bargain hunting amongst shares that were devalued on friday, sterling is up for the same reason ,
 
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What really REALLY bugs me about the whole referendum campaign (and the arguments in this thread) is that it took place as if the only thing that matters is the economy.

There's a whole raft of changes that have resulted from EU membership and we all benefit from them. I include in that all the environmental legislation that has passed into UK law but which originated in the EU. Climate change legislation? EU.

It also bugged me that very few if any journalists in any of the media tackled any of the politicians about the benefits of the EU that we take for granted. The only politician that came out of it with any credit in my opinion was Caroline Lucas of the Green Party.

I expect I'll lose a few quid as a result of the UK leaving the EU but surely there unselfish reasons for particular policies and decisions. It seems that politicians and large sections of the general public can only think of their wallets. It's just SO depressing.
 
What really REALLY bugs me about the whole referendum campaign (and the arguments in this thread) is that it took place as if the only thing that matters is the economy.

There's a whole raft of changes that have resulted from EU membership and we all benefit from them. I include in that all the environmental legislation that has passed into UK law but which originated in the EU. Climate change legislation? EU.

It also bugged me that very few if any journalists in any of the media tackled any of the politicians about the benefits of the EU that we take for granted. The only politician that came out of it with any credit in my opinion was Caroline Lucas of the Green Party.

I expect I'll lose a few quid as a result of the UK leaving the EU but surely there unselfish reasons for particular policies and decisions. It seems that politicians and large sections of the general public can only think of their wallets. It's just SO depressing.

True the benefits of the EU are many fold...
However we have not started opting out of any of the provisions yet, so people have not noticed their demise.
To a larger extent, everything we do and every service that is provided is predicated on the availability of finance.
It is mainly to that extent that it comes first to mind...

For instance, the larger scientific and research projects rely on EU funding and fall outside our normal vagaries of national budgeting.
After brexit these many and varied cooperative ventures are totally compromised, and will depend on the government of the day for continued albeit variable funding.
 
Here is my take on this mess that has ultimately been created by egotistic politicians serving their own careers:

- The Leave vote has created uncertainty as no one in power has a detailed plan for executing a leave i.e. how they will fund the BofE injections into the economy, where they will find the money to replace EU grants, how much taxes (and which taxes) will have to rise, what changes are required at borders etc :
- Political parties in turmoil so no one is steering the good ship UK - creates uncertainty
- Potential break up of the UK: I can definitely see Scotland leaving the UK - creates a smaller economy
- Once we exit, we have no preferential trade agreements with anyone. We re treated as an independent country that pays rack rate taxes and duty on its trade. Preferential rates (known as a trade deal) are notoriously detailed and laborious to negotiate and gain consensus on. They can take 10-20 years to agree before they are ready to sign. We have at least 4 major ones to negotiate: EU, US, China and Japan !
Also, despite our own ego, we are not as big a market as we think we are, not compared to the US and the EU bloc so why would a population of 64m consumers (or 59m without Scotland) we get a better trade agreement than the EU with 500m consumers ?

The Result: sterling weakens, stock markets fall, job uncertainty, fear of the public to spend money

Some people vote Leave for very good and still valid reasons. This is to be expected and well done to them.

The rest though, voted for something they had no understanding of, voted because:
- they believed the misinformation spun by the Leave campaign (which they are now retracting)
- voted Leave as a way to lodge their complaint against the establishment (again with no understanding of the implications that it is they that would suffer, not the politicians)
- others just voted what their parents/friends/family told them to vote
- other voted because they think we were better off before we joined the EU. I think these people have been watching too many period dramas depicting the good ol' days of the British Empire. Those days are long gone, they are not coming back. As regards the period immediately before we joined the EU, the 50s and 60s well I don't think we were better off, that was a period characterised by rationing and other hardships. Yes we had more industries but they are also now gone and not coming back. This is a new, inter-connected and smaller world where trade blocs are the norm, look at the US, EU and ASEAN regions. They are not perfect but on balance more beneficial

In the words of Albert Einstein: "Only two things are infinite, the universe and human stupidity, and I'm not sure about the former."
 
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It bugged me that very few if any journalists in any of the media tackled any of the politicians about the benefits of the EU that we take for granted.
Absolutely. The leadership of the Remain team was pathetic. They totally failed to make a positive case for staying in the EU.

Although, having said that, another one of the many depressing aspects of the campaign was that no journalists challenged the Remain camp regarding their vision for the future of the EU. There was a tacit assumption that staying in was risk-free, and maybe it is but maybe it isn't. It's just a shame that it wasn't discussed.
 
For instance, the larger scientific and research projects rely on EU funding and fall outside our normal vagaries of national budgeting.
After brexit these many and varied cooperative ventures are totally compromised, and will depend on the government of the day for continued albeit variable funding.
And there is a respectable argument to the effect that if we as a nation cannot afford or would prefer not to fund various scientific and cultural activities, then it is inappropriate for the EU to spend our money on those activities.

But anyway, as others have said, it's a done deal. Time to move on.
 
And there is a respectable argument to the effect that if we as a nation cannot afford or would prefer not to fund various scientific and cultural activities, then it is inappropriate for the EU to spend our money on those activities.

But anyway, as others have said, it's a done deal. Time to move on.

The vote might be a done deal but all these details need to be sorted out.
Most large scientific and research and development projects are cross border. this is Exactly the time that that the EU needs to step in.

When the the Next airbus contracts are handed out they are less likely to favour the UK if tariffs are involved.
 
Prices will go up, everyone is saying so and like most things once we are all convinced and plausible reasons given it will happen. Human race is very good at talking themselves into things, some experts suggest we talked ourselves further into recession, by nature a pessimistic lot.

I too voted remain, it really is a mess now and no idea what might happen. Surely any right minded person could see it would all come down to immigration, peoples fears (real or perceived) over loss of jobs and way of life.

Even I will admit it needs curbing for no other reason than only having a small country and it seems every spare blade of grass is having a house built upon it
 
I love the fact that out creates uncertainty, where as remain, oh yeah they can all predict the future, because the EU was never going to change was it?

Prices for camera gear, will fluctuate all the time. Its like oil, its a con. Oil that we are using in petrol today was bought years ago, and the companies complain that the second it goes up, its placed straight to the customer.
Prices for camera gear (and all other imported products) fluctuate only because of changes to the value of the currency used to buy them. All prices tend to creep up over time due to inflation and to local factors, but actual fluctuation is always due to the value of currency and to availability of the product (for example, if oil production goes up then prices go down and vice versa.
In our case, we buy using the £ but nobody else in the world accepts the £, so goods have to be paid for in another currency, which is normally either the USD or the EU. It's the USD because America has worked for many years to make their currency No.1 in the world, and it's the EU because it's a large, stable trading community.

So, when companies buy from factories in (say) China, they have to sell £ to buy USD, the £ is now worth much less than it was a week ago so it takes more pounds to buy the same amount of dollars, therefore the prices go up.
The dollar hasn't become stronger, but the £ has become weaker against other currencies, it's as simple as that.

Currencies weaken (fall in value) when strange things happen that cause damage to that country. It could be an earthquake, the election of an incompetent or extremist political party or a major decision that is perceived to be a very bad one.
If the event that causes the weakness is temporary, such as an earthquake, then the fall is temporary too, but if the event is permanent, like a decision to leave a very successful trading consortium, then the fall is permanent too, and as the amount of fall out (damage) increases over time, for example if Scotland and N.I leave the United Kingdom and if London ceases to become a major financial trading centre, then the value of the £ against other trading currencies will fall further, it's inevitable.

There is no con here.

What we as a nation must now do is to try to mitigate the damage as much as we can, and this will require political leaders who put country before self. Personally, I find it difficult to be optimistic because I can't think who that might be.
 
Just got back to the office for the first time in a month. It's chaos.

What the leave supporters don't realise is that for many of the younger remain supporters, they don't class themselves as British. Being British is a fluke of birth, but being European, and working towards a joint Europe is a choice they've made and embraced. You've effectively tried to strip them of a status they care deeply about and have worked towards for all their adult life.
 
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