The UK Politics and EU Referendum thread - merged

[Tal]

Post EUref reality check on French/ German public attitudes to Britain being able to secure a sweetheart trade deal:

Click to see full-size image.

By 9 do they mean No?

[Woodsey]

Tell ya what, my pension pot has been doing pretty well since the referendum vote, seen a pretty decent increase in such a short space of time 

[OverTheBorder]

Tell ya what, my pension pot has been doing pretty well since the referendum vote, seen a pretty decent increase in such a short space of time 

Gilts and Bonds shooting up as everyone ducks equities. Most equities still static and emerging markets doing we'll for a change, property is the biggest loser but not many private pension pots have much. Final Salary liabilities shot to bits as yields so low

[JohnCharver]

Seeing an awful lot of why leadsom is a terrible candidate, none of why may is a good one. So they have just ignored the public who clearly want an end to people just clearly hamming up the negatives and just arguing why the other party is bad, not why they are good. Its even more annoying that destruction of leadsom isnt just suggesting she shouldnt by PM, its suggesting she shouldnt be an MP. Interesting she was good enough before she challenged for leadership.

I really think cameron and osborne are terrible for the country, but within the cuurent regime (of people sharing out top positions) they were by far the strongest leaders. It seems like we have ended up with the weakest link in that team in May, because she didnt do a proper job of campaigning. So labour want rid of their leader for not campaigning and tory end up with their leader because of lack of campaigning. Such a mess.

Really think people are arguing over which turd is a nicer colour and both are awful for the country.

[JohnCharver]

Angela Eagle has said she will announce her bid for the leadership of the Labour Party on Monday.

[neeko]

Seeing an awful lot of why leadsom is a terrible candidate, none of why may is a good one. So they have just ignored the public who clearly want an end to people just clearly hamming up the negatives and just arguing why the other party is bad, not why they are good. Its even more annoying that destruction of leadsom isnt just suggesting she shouldnt by PM, its suggesting she shouldnt be an MP. Interesting she was good enough before she challenged for leadership.

I really think cameron and osborne are terrible for the country, but within the cuurent regime (of people sharing out top positions) they were by far the strongest leaders. It seems like we have ended up with the weakest link in that team in May, because she didnt do a proper job of campaigning. So labour want rid of their leader for not campaigning and tory end up with their leader because of lack of campaigning. Such a mess.

Really think people are arguing over which turd is a nicer colour and both are awful for the country.

Who should choose the Tory leader other than Tory members?

If non labour members chose the labour leader then they would choose George Galloway or actually Corbyn is doing such a good job of dividing the party keeping him in place may be their choice.

[JohnCharver]

Seeing an awful lot of why leadsom is a terrible candidate, none of why may is a good one. So they have just ignored the public who clearly want an end to people just clearly hamming up the negatives and just arguing why the other party is bad, not why they are good. Its even more annoying that destruction of leadsom isnt just suggesting she shouldnt by PM, its suggesting she shouldnt be an MP. Interesting she was good enough before she challenged for leadership.

I really think cameron and osborne are terrible for the country, but within the cuurent regime (of people sharing out top positions) they were by far the strongest leaders. It seems like we have ended up with the weakest link in that team in May, because she didnt do a proper job of campaigning. So labour want rid of their leader for not campaigning and tory end up with their leader because of lack of campaigning. Such a mess.

Really think people are arguing over which turd is a nicer colour and both are awful for the country.

Who should choose the Tory leader other than Tory members?

If non labour members chose the labour leader then they would choose George Galloway or actually Corbyn is doing such a good job of dividing the party keeping him in place may be their choice.

Where did I question who should decide tory leader?

[Doobs]

Tell ya what, my pension pot has been doing pretty well since the referendum vote, seen a pretty decent increase in such a short space of time 

Gilts and Bonds shooting up as everyone ducks equities. Most equities still static and emerging markets doing we'll for a change, property is the biggest loser but not many private pension pots have much. Final Salary liabilities shot to bits as yields so low

It isnt a case that most equitites are static.  Overall it is pretty true at FTSE100 level, but definitely not lower down.

Even in the FTSE, there are two distinct groups.  Those companies with high level of overseas earnings have been flying because their earnings are now worth over 10% more than before.  Many of these are currently at highs for the year. On the other side, those companies that are very much reliant on the uk economy have tanked reflecting the negative outlook from brexit.  Many of these companies are very much close to their lows for the year.

Right now, you can go through the ftse100, find out what the company does and where most of its income comes from and have a really good guess at whether the share price is near its highs or lows without even looking at the share price (or having any idea of any company specific news).  I can't remember such startling differences at any time in the many years I have followed the markets.

It makes me smile when various commentators and politicians have claimed that Brexit has had little effect on the stock market, when the reality is the exact opposite.

[OverTheBorder]

Tell ya what, my pension pot has been doing pretty well since the referendum vote, seen a pretty decent increase in such a short space of time 

Gilts and Bonds shooting up as everyone ducks equities. Most equities still static and emerging markets doing we'll for a change, property is the biggest loser but not many private pension pots have much. Final Salary liabilities shot to bits as yields so low

It isnt a case that most equitites are static.  Overall it is pretty true at FTSE100 level, but definitely not lower down.

Even in the FTSE, there are two distinct groups.  Those companies with high level of overseas earnings have been flying because their earnings are now worth over 10% more than before.  Many of these are currently at highs for the year. On the other side, those companies that are very much reliant on the uk economy have tanked reflecting the negative outlook from brexit.  Many of these companies are very much close to their lows for the year.

Right now, you can go through the ftse100, find out what the company does and where most of its income comes from and have a really good guess at whether the share price is near its highs or lows without even looking at the share price (or having any idea of any company specific news).  I can't remember such startling differences at any time in the many years I have followed the markets.

It makes me smile when various commentators and politicians have claimed that Brexit has had little effect on the stock market, when the reality is the exact opposite.

Talking pensions Doobs. 90-95% of funds are in defaults, defaults are invariably DGF based which have pretty much held their own.  Even those with fund spreads in pure equity are doing OK as emerging markets are topping them up. Some stocks are doing pants, but not many pooled funds that heavily exposed to the sectoral issues. The biggest drag at present is the currency in global funds depending on the hedge.

I don't disagree. The overall position is not rosey, but a lot of that doesn't hit the pension pots so people may be blissfully unaware. From the companies I am talking to, a lot of fear and uncertainty out there

[acegooner]

Tell ya what, my pension pot has been doing pretty well since the referendum vote, seen a pretty decent increase in such a short space of time 

Gilts and Bonds shooting up as everyone ducks equities. Most equities still static and emerging markets doing we'll for a change, property is the biggest loser but not many private pension pots have much. Final Salary liabilities shot to bits as yields so low

It isnt a case that most equitites are static.  Overall it is pretty true at FTSE100 level, but definitely not lower down.

Even in the FTSE, there are two distinct groups.  Those companies with high level of overseas earnings have been flying because their earnings are now worth over 10% more than before.  Many of these are currently at highs for the year. On the other side, those companies that are very much reliant on the uk economy have tanked reflecting the negative outlook from brexit.  Many of these companies are very much close to their lows for the year.

Right now, you can go through the ftse100, find out what the company does and where most of its income comes from and have a really good guess at whether the share price is near its highs or lows without even looking at the share price (or having any idea of any company specific news).  I can't remember such startling differences at any time in the many years I have followed the markets.

It makes me smile when various commentators and politicians have claimed that Brexit has had little effect on the stock market, when the reality is the exact opposite.

Talking pensions Doobs. 90-95% of funds are in defaults, defaults are invariably DGF based which have pretty much held their own.  Even those with fund spreads in pure equity are doing OK as emerging markets are topping them up. Some stocks are doing pants, but not many pooled funds that heavily exposed to the sectoral issues. The biggest drag at present is the currency in global funds depending on the hedge.

I don't disagree. The overall position is not rosey, but a lot of that doesn't hit the pension pots so people may be blissfully unaware. From the companies I am talking to, a lot of fear and uncertainty out there

Equities have done well for two reasons, firstly the currency effect as pointed out secondly global equities are now actually higher than pre brexit. Whilst we may think Brexit is a big deal, globally it is a pin prick when it comes to the effect on markets. There was two days of turbulence and then a recovery. However, one thing is for sure the effect of Brexit is already having an impact on our economy, this week several commercial property funds stopped allowing investors to withdraw their investments as there was a rush for the door, if that spills into residential property then we will have a problem.

[TightEnd]

Yesterday was another crazy day and we still have marr and sunday politics and peston to come this morning.....

[TightEnd]

Prof Brian Cox: ‘Being anti-expert – that’s the way back to the cave’ http://trib.al/BY5hT9L

[TightEnd]

former Clerk of the Commons says 2nd EU ref AND Parliamentary approval may be needed for any Brexit deal:

http://www.huffingtonpost.co.uk/entry/brexit-may-need-second-referendum-and-parliamentary-approval-says-lord-lisvane-former-commons-clerk_uk_5780b842e4b074297db31287?eyn5tdubybqmbcsor

[TightEnd]

Labour is facing an existential crisis, key Corbyn supporter MP Clive Lewis warns

The shadow defence secretary said Labour could lose votes to the left, right, and centre

http://www.independent.co.uk/news/uk/politics/labour-jeremy-corbyn-clive-lewis-existential-crisis-policies-democracy-proportional-representation-a7126501.html

[TightEnd]

((Dan Hodges))) ‏@DPJHodges

During the referendum, the Labour, Lib Dem and Tory advisors on Remain all got on really well. Found more in common than divided them.


interesting.....