coldel

UKs credit rating downgraded by Standard and Poor, very bad news. Effectively means they have no confidence that the UK will attract foreign investment and that they see a reduction in growth in the medium term. Having a really bad week really...

Yes, can someone please pull Harry Kane aside and explain to him that he is ABSOLUTELY EFFING USELESS at taking freekicks and corners.

Thank god we are out - worst England team in living memory. So devoid of capability to create a goal scoring opportunity its ridiculous.

Think we spent our money on two honeymoons - as above, we had been together years before we got married, what do we need another set of cooking pots for, we kinda bought all that stuff before. Vouchers are ok, but limit what you can actually do with them obviously. Other cultures do the cash thing, I remember having to pay to get into a wedding we were invited to in Japan!

So nothing will change, except we no longer have a say what goes on in our top import market?

The only voices to have come out and supported him are union leaders...back to the good old days of the staunch socialist lefties...how out of touch do Labour want their party to be?

More than half mate, at least 4/5ths...the joke is the party will just vote him back in after the ballot tomorrow. Absurd.

Tell them they are disgusting, and walk out

So it was a good idea to vote yourself out the EU and risk that market? In any case, I am now sat here with the live feed on sky news and the Labour party, what an utter farce! This graphic just shows how little faith his own cabinet had in him http://news.sky.com/story/1718067/corbyn-clings-on-defiantly-as-mps-jump-ship

So does that mean our EU market is much more important than it ever was?

Its again a good point, although a quick google shows some intervention was going on in terms of meeting certain targets so it was deliberately deflated (even though the Japanese markets at the time were booming)

But it has to as they are ultimately pegged to each other - compare it to the dollar or the yen for example where no such tie exists and its around 15% down on average and could well fall further.

"Politicians with personal career advancement agendas in broken promises shocker" Who would have thought it...

Yes thats a good point, we asked for money also as gifts, we lived in a one bed flat in Putney, we didnt need a tonne of stuff at the time! Monetary gifts took a huge chunk out the cost.

Its a good point, I think most Stays voted with an economic hat on and those voting Leave voted with a political hat on. When I asked a Leave person why he voted out he ran off a well rehearsed line about wanting to vote against Feudalism in the EU. When asked what it was about this that impacted him so badly that he felt that putting so much at risk was worth it he couldn't really go that one level deeper. Clearly he felt vexed by it, which he has every right to, and in some cases I do you step back and go 'what on earth are they doing that for' but he seemed unwilling to engage with the risks that came with it.

I think given the emotive thoughts around it, I think its still quite civil? It would be a shame to lock as there will be some real unraveling in the next couple of weeks which will shape the future of the UK.

Next two days will make or break Corbyn, that said look at who has come out in support, all the Unions - they love a far leftie detatched from reality...

I guess my fear is that we end up in 2025 where we are now, regulated by EU legislation (as Norway are) but with no say in its creation. Norway have to lobby Sweden regularly to bring their voice to the table to try and influence EU policy making on issues that affect them, that does not feel like a good future for me.

All that makes sense Rich, the very real danger is that foreign investment disappears in the meantime whilst we drag our heels. They then set up somewhere else, and that foreign investment is never brought back. 75% of our exports are services, whilst we are in this state of uncertainty we are putting all that at risk. Personally I think get it moving and get it sorted to minimise the disruption, otherwise we might well lose some huge corporations from the UK that we will not ever recover.

The banking institutions are absolutely right to start planning. As most outside the EU operate on 'passporting' which means they need a 'head office' within the EU area to allow free trade of services across the EU. They originally chose the UK due to our geographic location i.e. close to US and Far East and our strong financial services background etc. If we do not negotiate a deal that allows that relationship with the EU to continue then they have to consider shifting business elsewhere, its very uncertain times for our financial sector. It really isn't about lower cost as far as I can see for many banking organisations.

0-0 and penalties?

I think there is no doubt some Leave votes came about based on racist views, I don't think any of us should deny that. It is going to be a small percentage but it will certainly have happened. No we shouldn't re-run it, but I cannot believe there were no hard and fast rules announced beforehand, a result of 51.8 vs 48.2 is so marginal you could imagine if we ran this again tomorrow remain could quite possibly win. The government should have said it has to be at least X percent clear with at least X percent turning out. So as Bockaark has said it is now all of our responsibility to not only get on with this but hold all the Leave campaigners responsible to follow through on their commitments they made. That includes spending on the NHS, removal of VAT on energy etc.

Classic Robot Wars scene from Spaced

The markets in most major countries pumped money into the system - they had a plan based on previous crashes and enacted it Friday morning. If they had allowed things to just 'go with it' no doubt the pound would have disappeared from existence, it was artificially kept afloat. To the point above about long term, a couple of things. Firstly that many leavers seem to believe that 2 years is the defined length of pain, so you can see they havent read in to this at all - 2 years is the length of time we have been told to sort out the exit, its not a defined length of time for a recession. Secondly longer term could mean companies exiting the UK if we enter the WTO model or that we do not negotiate a great deal with the EU - so long term yes we could see less foreign investment. Is that a given? Of course not, but its a real and huge risk. Many leavers talk about a prosperous long term as a certainty, there is the real possibility that we end up just as constrained by European law as we a week ago - but with our economy instead of recovering in fact being sat on its backside.

Yes we spent a fair amount on Honeymoons! Antalya and Rome - brilliant.