The UK Politics and EU Referendum thread - merged

[TightEnd]

just some stuff and links

James Forsyth ‏@JGForsyth

Britain votes to leave the EU: My thoughts on the result, why it happened and what comes next http://bit.ly/28QWKmg

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"The older generation voted for a future the younger generation doesn't want"

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Now comes the really difficult part for David Cameron http://bit.ly/28Sboww

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Allegra Stratton ‏@ITVAllegra

Am being told that Cameron and Osborne are finished. There will be a "dignified exit" say senior Tories. "Not immediate".

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George Eaton ‏@georgeeaton

Likely that Brexiters will seek early election to secure unambiguous mandate for new terms.

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Anushka Asthana ‏@GuardianAnushka

The issue for the PM is that as much as he might like to resign it probably isn't in national interest to do it straight away

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Labour MPs call for Corbyn to stand down following dismal Remain campaign

http://www.express.co.uk/news/uk/682938/Jeremy-Corbyn-Labour-leader-stand-down-EU-referendum-Ed-Miliband-politics

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[TightEnd]

What are the main effects of leaving?

What timescale will we leave?

How will it effect immigrants currently in the country?

effects

1. some short term economic uncertainty. how much and how long and how important up for debate.

1. a guide to what sort of trade deals you might eventually see you might see

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1. eventual return of sovereignty, currently around 55% of UK laws are made with/by the EU and these will need to be rewritten and approved by our parliament outside the EU

1. some form of restriction of future free movement of labour, controls on immigration. unknown as of yet

1 (probably) another Scottish referendum, maybe a northern irish one. probable(?) break up of UK. no view expressed here as to good or bad but has to be included on the list.

2. once article 50 is invoked, 2 years to negotiate everything. good time to be a lawyer.

3. unaffected

anything i have missed?

[TightEnd]

i couldn't sleep, so i am going to keep going

feel free for everyone to add links and pictures please

if its too much, tell me to stop....

[TightEnd]

Keiran Pedley ‏@keiranpedley

The most important person in British politics right now is Boris Johnson #EUref


Joel Lewin ‏@JoelLewin

10%- this is pound's worst fall ever. Next was 4.3% in 1978. The experts were indeed wrong- not pessimistic enough

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[TightEnd]

Bloomberg:

FTSE100 now predicted to open down 535 points
European indices seen as taking 7-8% hit
Pound at $1.34
Brent Crude down 5.8%
Bitcoin up 7.8%

[TightEnd]

Bank of England is in contact with major banks, ahead of market open - Reuters reporting

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Click to see full-size image.

[TightEnd]

Betfair Exchange Verified account
‏@BetfairExchange

#EURefResults: With over £113M matched on the market, only £36.7M of that was traded on in favour of leaving the EU.

[TightEnd]

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[DropTheHammer]

Thank you for these news highlights Tighty, very interesting. Can't believe we're leaving and quite upset.

[TightEnd]

Paul Mason Verified account
‏@paulmasonnews

Brexit. We need an election and a Labour government to stop Boris/Farage turning this into a Thatcherite wonderland

https://medium.com/mosquito-ridge/brexit-wins-an-illusion-dies-b60b6efad2d7#.2a4ukhqj6

[ripple11]

OMG

[TightEnd]

in the guardian

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[nirvana]

I wonder if Milliband would have caused this much short term damage to the economy - too fun.

[TightEnd]

Thank you for these news highlights Tighty, very interesting. Can't believe we're leaving and quite upset.

off to do something else for a bit

i am surprised, i find myself quite upset too. Odd. maybe i am odd (you don't need to answer that)!

got to crack on though, make it work and all that

[AndrewT]

This is the worst day for Sterling since the Wales game.