Have to totally disagree with you there, the unionist left have always disliked the EU, love European solidarity with the workers but not the EU, huge difference and the reason is free trade and less regulation normally involves less jobs.
Take in to account domestic workers get undercut by non unionised workers and you begin to see the issues, throw in TTIP which the EU will try to bring in through the back door and its clear the unionised left like Corbyn, Skinner, Benn etc etc distrust and have no time for the EU.
The reasons vary why most of the current unions are pro EU (or appear to be), mainly in their solidarity of Corbyn really but also we have no real hardline unions anymore, possibly the RMT and also the teachers and nurses union etc have never really been particularly militant.
They do, but jobs being lost as a result of a Brexit result were avoidable.
If we take this ignorant statement and add it to your previous one about being refused benefits because you are white and middle aged we can begin to paint a picture of what youâre like.
What youâre observing papster is wealthy people making themselves wealthier on uncertainty.
Prior to the vote, the FTSE would have been at a level reflected much of the risk (not all) of a Leave vote. Reaching that level again still shows it as depressed.
It fell on uncertainty after the vote, wealthy people saw opportunity and their interest pushed shares back up.
After all, the top 100 companies in the FTSE are going to be ok in the short term. They are sitting on cash and will lay people off if they need to.
What is interesting to me is that the FTSE 250 is still 7 percent below the pre-Brexit levels (was this morning).
So as with all these things, behind the headlines are subtle details.
These subtle details say that large, wealthy national/multinational companies will largely be fine,whilst smaller companies are likely to suffer until we get some certainty.
In abstract this would be fine, but when I talk about a company suffering, I really mean its staff.
The uncertainty is as much to do with the limbo weâre currently in as owt else.
The country has voted to Leave in a consultative referendum. Weâre apparently no longer attending EU meetings, but neither have we invoked Article 50 to begin the process of exit.
Absolutely, markets abhor uncertainty.
But, and Iâm guessing here, just guessing, these levels of uncertainty might be better than the certainty we might reach 2 years after pressing the button marked Article 50.
And lo, in the fetid burning remains of Londinium. Amidst the charred corpses and ruins. 3 creatures came to decide the future of the plane. The Eagle, the Mayfly and the Caviar fish. They survey the remnants of a realm most who resided within would have deemed âalright, not great,but, you know, alrightâ. They turn to eachother to fight, to fight for control of this wasteland. They fight for the right to protect it from the other who would lay claim to this land. Either the spurned harpie or the orange honey badger, and they are coming , oh yes, they are coming
- Sotonians v16 c 1-8
Originally posted by @saintbletch
Absolutely, markets abhor uncertainty.
Right now, we donât even have a clear idea of the people handling the Brexit, or even those opposing it.
Part of that has been driven by Cameronâs resignation. The Parliamentary Labour Party has decided to implode rather than get down to business.
Much of the uncertainty is an indirect result of Brexit, but this could have gone another way.
I get the sense that the Conservatives werenât prepared for a Brexit vote, at all. Given events that have unfolded in Labour, youâve got to wonder whether the Parliamentary party had its heart in the fight. This was the last opportunity to have some semblance of an excuse for ditching Corbyn before Chilcot is published.
But, and Iâm guessing here, just guessing, these levels of uncertainty might be better than the certainty we might reach 2 years after pressing the button marked Article 50.
There is such a thing as a progressive Brexit. The key thing is finding someone to grasp the nettle. That ainât happening anytime soon.
Itâs difficult to deny the damage that the vote has done, itâs emerging every day.
Overnight Obama has made a statement about the US freezing investment and a large Singapore bank has halted lending in London.
The big companies that are making cuts are doing so to prepare for Brexit, especially as itâs become clear that no one has a plan.
These people know a recession is coming and they will survive - itâs the staff and contractors that will suffer.
Thatâll be you and me.
Spot on. It really is illustrative that even on here, where virtually all posters are well educated, articulate, rational (mostly) and well read people, a decent number have no real understanding of how a major part of the economy works and hence why it is already being hurt by the referendum result.
I do wish I had ÂŁ10 for every Leave voter who dismissed all the warnings about the economy as scaremongering.
One of our high end employers has told itâs staff that unless there is still total access to the single market then they will be moving the entire operation back inside the EU. 70% of their business is done in EU states
Couple of my mates, both electricial engineers, who both voted out, are now panicing about it as neither would want to move.
Itâs worth ÂŁ8 now.
Iâve got an idea of how the economy works. I just reject the validity of the workings. I know that helps no one in the very real position of losing their jobs, but neither is it acceptable to blame voters for the management decisions taken outside of a democratic context.
The employers arenât there to give you a job. Your employment is a side-effect of them wanting to make money. If they could make that money without you, they would.
As for companiesâ claims that they require full access to the single market to do business, thatâs bollocks. They require full access to do business as cheaply as they were doing before. Just like Cadburys, theyâll still make money if they stay, but just not as much.
The economy is comprised of greedy motherfuckers that want everything their own way. Business should never be allowed to sway popular opinion, because itâs a completely different animal with completely different priorities. At the same time, you canât really blame Leave voters for the management decisions of those companies.
There is a new economic strategy among those Leave voters Iâve spoken to, called " Oh, it will be alright" which has advocates all over the country, by the looks of it. Iâm thinking of getting a load of T shirts printed up with this emblazoned across the front, dishing them out to Leave voters and then asking them if itâs still alright when they are faced with income tax rises, further austerity cuts and bollocksed pensions.
Pap, are you denying the link between the vote and the current economic issues?
Originally posted by @Numptyboi
â@Oh,-it-will-be-alrightâ
That is what I think! I donât know how it will be alright, but it will be alright. I think itâs like Jesus, you just gotta have Faith. Blind, ignorant, unquestioning Faith, and you will be Rewarded.
The blind optimism of the gambler, a man who believs he has a special relationship with fate.
An uplifitng romantic notion, but it doesnât pay the mortgage.
Originally posted by @Rallyboy
Are you denying the link between the vote and the current economic issues?
Read my pre-referendum posts. Iâve always agreed that there will be a period of short-term chaos. Thereâs no doubt that the vote has caused those affects.
You want to blame me for that, thatâs fine - but know that I wonât be taking it seriously.
This poll was organised to heal a rift in the Tory party, but it was also the only chance that voters had to take us out of the Union.
You want to blame anything or anyone, blame the democratic process and those that denied it to the British people for so long, and blame the politicians for enforcing six years of austerity that allow baser arguments to flourish.
Oh its just short term redundancies then? Good news, I will try to let people I know who are worried about paying their bills without any income that they can kick back and have an extended summer break, knowing that they will be re-hired very soon. Good news.
Youâre just plain fucking odd and, to be honest, utterly fucking clueless but Iâll give you credit, you talk a good game.