I have always respected your opinions. That is a great post.

Roy , the consequences of losing free trade to 500m Europeans will be replaced by what though ? , tariffs I assume , and I'd assume Similarily those 500m Europeans will be subject to similar tariffs to deal with us

A net balance ?

No. Not a balance. Something like 50% of our trade is with EU countries, so our exports will become more expensive for customers, while the things we have to import will become even more expensive.

Meanwhile, no EU country has that sort of proportion of trade with us. Essentially, we'll take a hit on 50% of our trade, while nobody else (except Ireland) will take anything close to that sort of hit.

This is why the Brexit line about them being desperate for a trade deal was misleading. Of course their exporters will want a trade deal, but their overall economies won't need a trade deal to anything like the extent we will need one. That's a recipe to be stuffed, as we will be much more desperate than they will.

It's also worth noting that there are lots of firms in EU countries who would like very much to have the business which UK firms currently have. They're going to lobby their governments to put up tariffs so that they can force UK firms out of EU markets.

When I heard the idiots like Farage spinning their simplistic lies about foreigners desperate to give us a better deal, I was appalled. The whole reason we joined in the first place was because our economy was shrivelling outside the free trade area, because the French and German firms competing with UK firms were only to happy to erect the highest barriers possible!

That's why I said when current jitters subside! If the pound stays low there will be good opportunities for overseas investors in a few months time. That said, I think the market peaked a few months back - rents being demanded too high, tenants leaving and new tenants not being found. Also, in London the tower crane test makes it looks like we have peaked - they are everywhere - which normally signals a big market fall.

About 47% (realistically c. 44%) of UK exports are to EU countries. That proportion was 55% at the turn of the century. It's importance is waning. That's where the opportunity lies, already USA, Canada, China, NZ, Australia etc have made noises about signing free-trade agreements with us when we leave the EU. We have a trade deficit with the EU but a surplus with the rest of the world, which again suggests opportunity. Now is a great time to leave and if we go through with it within 10 years we'll reap rewards. The big issue is not leaving but uncertainty due to the political vacuum. Sooner we negotiate and create certainty the better for the real economy and the markets. Simple as that.

Here's a very interesting read... www.forbes.com/sites/stevekeen/2 ... 5cdf9446f8

Here's a very interesting read... www.forbes.com/sites/stevekeen/2 ... 5cdf9446f8

In the next few months the EU face a massive problem with the Italian banks. They have billions of euros of bad debt, some of this was left over from the last banking trauma.
We live in extremely interesting but frightening times. Lots of financial and political commentators have pontificated over our EU exit. My main concern is we are in uncharted waters, so we certainly have no previous experience of any outcomes.
I voted to remain, as I suspected it's already costing me a great deal of money. I visit the USA several times a year to visit my family. I am in the USA at the moment the exchange rate is the worst I have ever experienced. Also my retirement investments are mostly in industrial property this value has dropped substantially.
I can't even hold the main culprits to account, Johnson and Farrage have walked away from the mess they have created .

The main disappearance is ' call me Dave ' despite his claims he wouldn't

Well of course not. Anyone who wasnt a racist or bigot, or had a simple grasp of economics would have voted remain. Sadly, 75% of our nation are thick and believed what facebook told them. There was absolutely no advantage to voting out at all.

Regards

King james

We are not out of the EU and have not even started the process. Quite how people can judge the economic impact if leaving yet is beyond me. People need a sense of perspective!

Interesting turn of phrase there , but perhaps it takes one to know one

As usual the insults continue just as they did before the referendum

Time will take its course and we will live with both the consequences and benefits , nobody yet knows what they will be , except of course our armchair experts on RL fans

Never mind Brexit. Deutsche Bank's imminent collapse is what we should be worried about.

Well, the tennis players have lost out... www.independent.co.uk/news/peopl ... 6.html?amp

Well, the tennis players have lost out... www.independent.co.uk/news/peopl ... 6.html?amp

Pound surges as news of Leadsom quitting emerges.

rlhttps://www.belfasttelegraph.co.uk/business/news/value-of-pound-rises-after-leadsom-pulls-out-of-race-to-become-pm-34873430.htmlrl