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What Does This Mean In Real Terms
I know that we are now getting our sovereignty back and our borders are going to be nice and secure and we might get our first truly blonde PM since Maggie Thatcher, but what impact will our credit rating do to us - the man and woman in the street?
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I'm assuming that this will be a temporary blip until the markets stabilise, and we're only a few days into this - but is there any reason to be concerned?
The bit about tax revenues rings alarm bells for me.
https:/
I'm assuming that this will be a temporary blip until the markets stabilise, and we're only a few days into this - but is there any reason to be concerned?
The bit about tax revenues rings alarm bells for me.
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//What Does This Mean In Real Terms//
Sovereignty yes,and paramount, border control too, but my greatest concerns have been the inclusion of Turkey, extending the EU borders to Iran, Iraq and Syria, plus the madmen, Juncker and Merkel's obsession with ever expansion and unification, to include the basket-case economies of Albania, Serbia and Montenegro, notwithstanding the Transatlantic Trade and Investment Partnership a series of trade negotiations being carried out mostly in secret between the EU and US. As a bi-lateral trade agreement. TTIP is about reducing the regulatory barriers to trade for big business, things like food safety law, environmental legislation, banking regulations and the sovereign powers of individual nations. It is, an assault on European and US societies by transnational corporations.
So let us rejoice to be rid of all this, even at the short-term cost of some turmoil and look forward to a free and exciting future.
Sovereignty yes,and paramount, border control too, but my greatest concerns have been the inclusion of Turkey, extending the EU borders to Iran, Iraq and Syria, plus the madmen, Juncker and Merkel's obsession with ever expansion and unification, to include the basket-case economies of Albania, Serbia and Montenegro, notwithstanding the Transatlantic Trade and Investment Partnership a series of trade negotiations being carried out mostly in secret between the EU and US. As a bi-lateral trade agreement. TTIP is about reducing the regulatory barriers to trade for big business, things like food safety law, environmental legislation, banking regulations and the sovereign powers of individual nations. It is, an assault on European and US societies by transnational corporations.
So let us rejoice to be rid of all this, even at the short-term cost of some turmoil and look forward to a free and exciting future.
Eddie, //There IS only one rating agency for a country's national credit rating//
Not so.
///The UK has lost its top AAA credit rating from ratings agency S&P following the country's Brexit vote. .... Rival agency Fitch lowered its rating from AA+ to AA, forecasting an "abrupt slowdown" in growth in the short-term.//
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See that bit that says "short term"? Nothing but negativity and panic from you - and much of what you're spouting is inaccurate. You're like the voice of doom!
Not so.
///The UK has lost its top AAA credit rating from ratings agency S&P following the country's Brexit vote. .... Rival agency Fitch lowered its rating from AA+ to AA, forecasting an "abrupt slowdown" in growth in the short-term.//
http://
See that bit that says "short term"? Nothing but negativity and panic from you - and much of what you're spouting is inaccurate. You're like the voice of doom!
...... and plans to force the UK into using the euro, a great escape indeed;
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// It will take years to get it back//
Like last time then?
Ratings agencies took a hammering after failing to identify duff Banks. Nowadays they are ultra cautious.
It is not just the UK stock market dropping (not crashing) others including the US are. Amazing since we were told we were so small and patheitch by Gideon we must remain in the EU!!
Most of the trade drops are because of uncertainty. Traders are little more than gamblers and they will look for any opportunity to make money. It will stop when the next toy comes along to play with and things will return.
It's only 2 trading days in for funks sake. Stop spreading fear.
Like last time then?
Ratings agencies took a hammering after failing to identify duff Banks. Nowadays they are ultra cautious.
It is not just the UK stock market dropping (not crashing) others including the US are. Amazing since we were told we were so small and patheitch by Gideon we must remain in the EU!!
Most of the trade drops are because of uncertainty. Traders are little more than gamblers and they will look for any opportunity to make money. It will stop when the next toy comes along to play with and things will return.
It's only 2 trading days in for funks sake. Stop spreading fear.
The truth is, no one knows, and that is what is causing the jitters.
I hope those saying everything will be fine are right. But their optimism does not seem to be based on anything except wishful thinking.
The doomsayers may be over doing the panic.
The bit that worries me is that we need politicians to be very clever to get through this, and the the Government (and Opposition) seem to have a dearth of any talent. Osborne should have had a plan for the aftermath of the vote going to Leave , but he quite clealy hasn't.
There should have been a roadmap for how to safely extract ourselves from the EU, but no brexiters appear to have done this important work. It looks suspiciously like this hasn't been properly thought out, and they are making it up as they go along.
I hope those saying everything will be fine are right. But their optimism does not seem to be based on anything except wishful thinking.
The doomsayers may be over doing the panic.
The bit that worries me is that we need politicians to be very clever to get through this, and the the Government (and Opposition) seem to have a dearth of any talent. Osborne should have had a plan for the aftermath of the vote going to Leave , but he quite clealy hasn't.
There should have been a roadmap for how to safely extract ourselves from the EU, but no brexiters appear to have done this important work. It looks suspiciously like this hasn't been properly thought out, and they are making it up as they go along.
naomi24
// I don't think we are hopelessly lost - not at all. //
Everyone else does, which is why the pound has fallen off a cliff.
Just supposing there is a roadmap and a clear strategy, but it has not yet been deployed. Would you care to hazard a guess as to who the author might be? I cannot think of anyone up to the task.
// I don't think we are hopelessly lost - not at all. //
Everyone else does, which is why the pound has fallen off a cliff.
Just supposing there is a roadmap and a clear strategy, but it has not yet been deployed. Would you care to hazard a guess as to who the author might be? I cannot think of anyone up to the task.
Gromit, the pound was expected to fall. That’s what happens in times of uncertainty. It will rise again. You are asking why Brexiters haven’t presented the country with a plan, but the fact is the Brexiters aren’t the government and therefore are not in a position to implement any plan. The government’s official line was ‘Remain’ and to encourage the electorate to support them they bombarded us with tales of woe, doom, and gloom. Now think about it logically. Had the government given us a positive plan to be implemented in the event of the vote going against them, the chances are that some of those who voted with them may have done otherwise. No one with an agenda extols the virtues of the opposing agenda. That would be self-defeating and hence, counter-productive. It’s early days so give it time. A plan will emerge.
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