Brexit.

[imtommygunn]

When the pound was so weak before people were flocking from south to north for all forms of shopping.

You'd have to imagine that will be happening again soon. Particularly booze runs etc etc.

In that case less money going to southern economy i guess...

[armaghniac]

Refugees to come to Dublin!
http://www.cnbc.com/2016/06/27/bank-jobs-dublin-ireland-may-gain-while-london-loses.html

Not sure where any significant amount of big companies could go, exactly.

When the pound was so weak before people were flocking from south to north for all forms of shopping.

You'd have to imagine that will be happening again soon. Particularly booze runs etc etc.

In that case less money going to southern economy i guess...

The Pound isn't (yet) very weak. It is €1.19 or so at present, as the Euro has gone down also.

In 2008 it was €1.05, since 2008 there has been negligible inflation in the ROI, but UK prices have gone up 10%+. So no panic unless it falls another 10-15%, which some do predict.

[heganboy]

however corrupt they may be they have an impact,
Standard and Poors (S&P) just dropped GB's credit rating two notches, one of the for reasons given was NI and Scotland's vote to stay in.

Ouch, and yet another kick in the pocket...

[muppet]

however corrupt they may be they have an impact,
Standard and Poors (S&P) just dropped GB's credit rating two notches, one of the for reasons given was NI and Scotland's vote to stay in.

Ouch, and yet another kick in the pocket...

UK mortgages will rise presumably.

[seafoid]

however corrupt they may be they have an impact,
Standard and Poors (S&P) just dropped GB's credit rating two notches, one of the for reasons given was NI and Scotland's vote to stay in.

Ouch, and yet another kick in the pocket...

UK mortgages will rise presumably.

gilt yields are going down. Depends by how much.

[seafoid]

No functioning government, no effective opposition and no plan for Brexit according to the FT.
The UK is a clusterfuck.
Cameron must be the worst PM in a century

[LeoMc]

The more I think about it the less likely brexit seems. No one wants to trigger it and whoever gets the poisoned throne will not do it without getting a consensus from Parliament. The EU are pushing for a quick decision leaving little room for a renegotiation meaning some sort of minimal concession deal will be the best on offer.
A lot of brexit voters may not even notice.

[armaghniac]

The more I think about it the less likely brexit seems. No one wants to trigger it and whoever gets the poisoned throne will not do it without getting a consensus from Parliament. The EU are pushing for a quick decision leaving little room for a renegotiation meaning some sort of minimal concession deal will be the best on offer.
A lot of brexit voters may not even notice.

Just announce that immigration from the EU, apart from Ireland and the Commonwealth, will be capped at 957,321 each year and forget the whole sorry thing.

[dferg]

English commentator just said the inquest into the football team might overshadow everything that happened this week. 

[HiMucker]

I don't know lads.  I think they are going to have to go through with it for the sake of market stability

[mouview]

I don't know lads.  I think they are going to have to go through with it for the sake of market stability

A very cogent reason not to go through with it just right now.

[HiMucker]

I don't know lads.  I think they are going to have to go through with it for the sake of market stability

A very cogent reason not to go through with it just right now.

They don't seem to have a clue what to do.  They can't just let the whole thing rumble on. 

[No wides]

People are thick.  Muppet will know.

[Hereiam]

No real big noise by the leave side to hurry up the process and get out.......is anyone else smellin a big stinky rat

[heganboy]

If only Cameron were smart enough for this and to have out maneuvered the whole exit team, this is from the comment section in the Guardian reacting to the Brexit..

If Boris Johnson looked downbeat yesterday, that is because he realises that he has lost.

Perhaps many Brexiters do not realise it yet, but they have actually lost, and it is all down to one man: David Cameron.

With one fell swoop yesterday at 9:15 am, Cameron effectively annulled the referendum result, and simultaneously destroyed the political careers of Boris Johnson, Michael Gove and leading Brexiters who cost him so much anguish, not to mention his premiership.

How?

Throughout the campaign, Cameron had repeatedly said that a vote for leave would lead to triggering Article 50 straight away. Whether implicitly or explicitly, the image was clear: he would be giving that notice under Article 50 the morning after a vote to leave. Whether that was scaremongering or not is a bit moot now but, in the midst of the sentimental nautical references of his speech yesterday, he quietly abandoned that position and handed the responsibility over to his successor.

And as the day wore on, the enormity of that step started to sink in: the markets, Sterling, Scotland, the Irish border, the Gibraltar border, the frontier at Calais, the need to continue compliance with all EU regulations for a free market, re-issuing passports, Brits abroad, EU citizens in Britain, the mountain of legislation to be torn up and rewritten ... the list grew and grew.

The referendum result is not binding. It is advisory. Parliament is not bound to commit itself in that same direction.

The Conservative party election that Cameron triggered will now have one question looming over it: will you, if elected as party leader, trigger the notice under Article 50?

Who will want to have the responsibility of all those ramifications and consequences on his/her head and shoulders?

Boris Johnson knew this yesterday, when he emerged subdued from his home and was even more subdued at the press conference. He has been out-manoeuvred and check-mated.

If he runs for leadership of the party, and then fails to follow through on triggering Article 50, then he is finished. If he does not run and effectively abandons the field, then he is finished. If he runs, wins and pulls the UK out of the EU, then it will all be over - Scotland will break away, there will be upheaval in Ireland, a recession ... broken trade agreements. Then he is also finished. Boris Johnson knows all of this. When he acts like the dumb blond it is just that: an act.

The Brexit leaders now have a result that they cannot use. For them, leadership of the Tory party has become a poison chalice.

When Boris Johnson said there was no need to trigger Article 50 straight away, what he really meant to say was "never". When Michael Gove went on and on about "informal negotiations" ... why? why not the formal ones straight away? ... he also meant not triggering the formal departure. They both know what a formal demarche would mean: an irreversible step that neither of them is prepared to take.

All that remains is for someone to have the guts to stand up and say that Brexit is unachievable in reality without an enormous amount of pain and destruction, that cannot be borne. And David Cameron has put the onus of making that statement on the heads of the people who led the Brexit campaign.