Home Secretary Theresa May promised to build a better Britain and to make the UK's EU exit a success after she was announced as the new Tory leader and soon-to-be PM. Speaking outside Parliament, Mrs. May said she was honored and humbled to succeed David Cameron, after her only rival in the race withdrew on Monday. Read full article
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Disclaimer & comment rulesWow! Didn't people predict more drama than this?
Jul 12th, 2016 - 10:33 am - Link - Report abuse 0As I predicted, Brexit wasn't the end of the world like some hoped.
@1 All due respect, Skip, but Brexit hasn't actually happened yet. We won't know the real consequences for years. Short-term has been an unsettled market which is not good for any country but the quick settlement of the new PM is a good move.
Jul 12th, 2016 - 11:16 am - Link - Report abuse 0Did anyone say it would be the end of the world?
Scipi, you are consistent clueless.
Jul 12th, 2016 - 03:05 pm - Link - Report abuse 0And what of Nauru and Manus you daft commie?
@2. Quite a few actually. In fact, I seem to recall Cameron predicting war in Europe and possibly WW3.
Jul 12th, 2016 - 03:15 pm - Link - Report abuse 0Nobody but Remainders took either of those visions seriously.
In case you haven't kept up, it seems that countries are already lining up to formulate trade agreements with the UK. It appears that amongst the first are China (pop. 1,376,049,000), India (pop. 1,293,057,000) and the United States (pop. 323,969,599). Counting those as potential consumers, it sort of puts the EU and its 500,000,000 in the shade.
If dealt with properly, there should be plenty of jobs as the British people struggle to rebuild industries and then to produce items sufficient to satisfy the wants of nearly 3 billion people.
The stock market is in a bull market and its official. BREXIT. What BREXIT?
Jul 12th, 2016 - 03:50 pm - Link - Report abuse 0@2
Jul 12th, 2016 - 05:36 pm - Link - Report abuse 0Did anyone say it would be the end of the world?
The Guardian?
@2
Jul 12th, 2016 - 06:14 pm - Link - Report abuse 0Yes the whole remain campaign was built around trying to frighten people into staying in the EU with the U.K. will become bankrupt, WW3 would start, the worlds economy would collapse and even how the worlds ecology would be devestated.
It was quite entertaining to watch them all froth at the mouth about it. However the one thing no one in the remain campaign could say is what benefits the ordinary UK citizen got from being a member of the EU.
All Bexit will do us allow the UK to arrange trade deals without all that annoying EU red tape.
And the EU will trade with the UK. Why? Because we import more from them than we export to them. Added to that is the fact that there is NOTHING that they provide that we couldn't source from Asia, Africa or the Americas.
So if the UK refuses to trade with the EU it will affect ordinary EU citizens more than the British citizens.
Strangely, Elaine, the U.K. survived for a thousand years without being an EU member.
Oh, and if your going to say that the EU has stopped war in Europe, I would say that you're completely wrong. Did the EU prevent the Yugoslav civil war? Did it prevent the Ukraine civil war? Did it prevent Russia from annexing Crimea?
In fact it was the very actions of the EU that lead to Russia feeling threatened so it felt it had to take action.
And who in the EU has been held accountable for that foreign 'policy' (and I use the word advisedly) blunder? No one, because there is NO protocol or system within the EU to hold these UNELECTED officials accountable for anything.
So forgive me if I see Bexit as the restoration of sanity and democracy into an insane and undemocratic demagogue of the politically correct over the people's genuine concerns.
@7 You seem to be addressing me as if you expect me to defend the EU or Remain campaign. Are you glad you got all that off your chest?
Jul 12th, 2016 - 07:36 pm - Link - Report abuse 0I stated on this forum that Brexit would not be the end of the world. What I criticised was the racist tone of some of the Brexit extremists. I thought that to be unnecessary and divisive. That still has consequences now. It is an unsavoury after-taste when we should be concentrating on the best future for the U.K.
And anyone who thought Brexit would stop immigration is a fool.
@8
Jul 12th, 2016 - 07:53 pm - Link - Report abuse 0Actually, I don't like the attitude of people who voted to remain calling the people who voted leave as 'racists'. Very offensive!!!
Brexit will now become the sideshow, how can you say with such surety that there will be long-term damage to the UK.
The Euro is going to fail, i hope it stays together until we are completely out, but it is that which will cause us problems in the future, a currency union with a combined monetary policy without any fiscal policies to underpin spending and borrowing.
Very silly and now Italy is being told it can't borrow anymore money to service its debts and will not get an EU bail out and Spain and Portugal are going to be fined for borrowing more than their 2% gdp allowance.
We are getting out at the right time, should have been sooner and very soon it is we who will be seen as the safe haven for foreign investment when the EU descends into chaos.
@9 Who called people who voted to leave 'racist'? As I said, I have friends who voted both ways for good reasons BUT there was a racist element to the extremist Leave voters. Even UKIP called Farage a racist and condemned his behaviour. So, to explain it clearly, I did not call all voters for Leave racist.
Jul 12th, 2016 - 08:16 pm - Link - Report abuse 0how can you say with such surety that there will be long-term damage to the UK.
Where did I say that? I said we won't know the long-term consequences. That could be good or bad. We don't know. No one knows. No one can say with certainty what will be the long-term consequences.
I agree about the Euro, though I think France is the most worrying economy in Europe.
It really will take years to untie ourselves from the EU. May says we with invoke Article 50 by the end of the year. The terms will be struck over the next two years. That could be another few years after that before we are really out.
People are very excitable today.
The point I was trying to make (that either went over people's heads or they chose to ignore) is that with the Tory leadership settled and a new PM together with the 24 hour news cycle moving on to fresher news, a sense of normalcy has started to return.
Jul 12th, 2016 - 10:35 pm - Link - Report abuse 0Even a stable society constantly changes so not everything will be because of Brexit, though some will try to tie every single moment or event to it. Brexit will become a pivotal moment in British history. But like others it will eventually blend into the background.
Some will move on. Others won't ever be able to.
Of course the news can't be all Brexit all the time, although since we haven't even left yet there is bound to be more news drama to come.
Jul 12th, 2016 - 11:35 pm - Link - Report abuse 0ElaineB is right that we won't know the real consequences for years, but there have been some unpleasant ones already like the fall in the pound. Things are certain to get worse in the short term, and then we have to really on the current
government to negotiate a good deal for all our futures. I'm not optimistic that the same people who couldn't fix our economy while we were in the EU will be able to do any better outside it.
@Skip
Some people can't move on until they know whether they are going to be kicked out of their homes or allowed to stay. People like my friends working in other EU countries and my neighbours from Lithuania.
@11 I didn't see you mention the Tory Leadership in your two-line post, or all the qualifying statements you are making now. It didn't go over people's heads because you didn't say it.
Jul 13th, 2016 - 01:50 am - Link - Report abuse 0You are right that everything that happens will be linked to Brexit, some justly and others not so much. It is a huge pivotal point in history.
@12 The markets don't know what to do. One moment Bullish and then Bearish. This is people in the city making a lot of money in the short-term but the average Joe is worse off. Pension funds have dropped by around 30%. We are not, and will not be better off for at least 10 years. Coming off the back of a recession this is going to be a tough decade.
I do think some voters believed that voting to Leave would mean instant release from financial obligation to the EU and an end to immigration. In reality we will be paying into the EU for the next decade and immigration will change very little. We will assume we have more control but we gave up a seat at the decision-making table.
DemonTree, I suspect your neighbours will be entirely safe to stay. It has been said as much that there will be no mass sending home of immigrants. Likewise, people living and working in the EU may need visas but probably not.
It is going to be an interesting decade ahead.
#13
Jul 13th, 2016 - 10:16 am - Link - Report abuse 0In reality we will be paying into the EU for the next decade.
Can you explain this ? I understood that when we cut loose in- say two years time- our financial obligations to the EU coffers will cease.
Yes, I know that Norway has to pay to get trade deals with the EU but the EU is in such a state of flux that anything could happen. The rules that apply just now may not apply in the future.
@14 Well, yes, anything could happen. More likely nothing much will change quickly. We want to continue trading with the E.U. and will likely have to pay to do so.
Jul 13th, 2016 - 11:01 am - Link - Report abuse 014 & 15,
Jul 13th, 2016 - 10:18 pm - Link - Report abuse 0Lets assume that article 50 does indeed get triggered, and by the time all the negotiations are finalised:
I believe the UK (or what ever it will be called if Scotland has indeed had our new Indy ref) will end up having to keep nearly all of the already installed EU laws. Just like Switz & the Noggies also.
I also believe the 'freedom of movement' agreement will be a must, so as you say, - Brexit has not/will not really do what I suspect the majority of 'Leave' voters are hoping/hoped for as far as restricting EU imigrants.
@16 Yup. I pretty much agree.
Jul 14th, 2016 - 03:27 am - Link - Report abuse 0Food for thought regarding all UK headlines, and TV.
Jul 14th, 2016 - 06:27 am - Link - Report abuse 0check out how they 'lie'
Scotland is now welcomed in the EU.
No one knows what the agreement will be, we still haven't even been told what they are aiming for (they probably don't know themselves yet), but paying into the EU for another 10 years is probably the best case scenario.
Jul 14th, 2016 - 06:48 pm - Link - Report abuse 0It would make sense to go for a Norway style arrangement at least temporarily, even though that would please exactly no one; at least it would stop the economy turning into Argentina's while we try to negotiate something better.
But I don't know whether they will be able to get away with letting free movement continue, since it was such a big issue for the leave voters.
As for people already here, it does seem likely they will be allowed to stay, and vice versa, but they ought to agree to it as soon as possible rather than waiting for the official exit. People need certainty as much as businesses.
@18 Do you have a link? I'd be surprised if the EU was willing to promise much to Scotland as long as they are still part of the UK. They don't want to be in the business of breaking countries up, that would really scare their members.
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