For the Brits: When will BREXIT referendum happen ?

[peejaye]

Which lunatic in this country actually forecast the North East to remain? The mind boggles!
I was surprised by the result although everyone I know voted to leave. Good riddance to the "millionaires club".

[trish]

I sincerely hope this decision won't be as regretful as it seems now to be.

[martin48]

I sincerely hope this decision won't be as regretful as it seems now to be.

No, it is worse! I hated the phrase that lots of people came out with "I'm not racist but ..". Racism was a major element in many people's voting. We now become Little England and the establishment (a nasty part than it had before) takes control.

[flabbybody]

With Sterling down 10% it should be good for London tourism.
If you work for Barclays or HSBC, not so good.
Beyond that, anyone who says they know is simply guessing.

[peejaye]

I know where Martin48 is coming from, we have the EDF & their friends over here but ordinary people are concerned about jobs and falling wages. They are not racists!

There was a left wing group led by the Socialist labour party called "Lexit"; of course, they weren't invited to take part in any live televised debates due to the "far right" media in this country ignoring them.
They stood up against EU austerity, privatisation policies and free movement of capital amongst other things.
When Cameron was elected he was obsessed with the UK's National debt. Well; now we can pay it all off(£157bn) within 9 weeks with the £170m we will be saving every week. Difficult decisions my eye!

[peejaye]

With Sterling down 10% it should be good for London tourism.
If you work for Barclays or HSBC, not so good.
Beyond that, anyone who says they know is simply guessing.

It's only fallen by 7% now, already risen by 3%!

[Laphroaig]

I know where Martin48 is coming from, we have the EDF & their friends over here but ordinary people are concerned about jobs and falling wages. They are not racists!

There was a left wing group led by the Socialist labour party called "Lexit"; of course, they weren't invited to take part in any live televised debates due to the "far right" media in this country ignoring them.
They stood up against EU austerity, privatisation policies and free movement of capital amongst other things.
When Cameron was elected he was obsessed with the UK's National debt. Well; now we can pay it all off(£157bn) within 9 weeks with the £170m we will be saving every week. Difficult decisions my eye!

Maths was never my strong point, but I wish that were the case. Even taking the now accepted (US) definition of a billion as 1000 million, 170m for 9 weeks "only" comes to 1.53bn...

[broncofan]

I didn't say anything because this is the type of decision that is really tough to evaluate if you do not live in UK and experience firsthand the costs and benefits of EU membership. My sense is that people were well aware of the costs of membership but the benefits of being in the EU are hard to evaluate until later (benefits of status quo can easily be taken for granted). It's not the initial shock that will tell whether this is a good decision, but ten years down the road, when we see what investment activity looks like and if the UK loses its triple A credit rating (S&P says it will) whether it can regain it.

I watched an interview with Corbyn shortly after the vote last night, and he did not seem too disturbed by the result. That's my honest appraisal of his reaction....not trying to lay blame on him, but he's unaware of impressions and probably does not realize that such a reaction only strengthens the perception that he was not committed to the remain campaign.

[Stavros]

Which lunatic in this country actually forecast the North East to remain? The mind boggles!
I was surprised by the result although everyone I know voted to leave. Good riddance to the "millionaires club".

But peejaye, who do you think is going to benefit from this result if not millionaires? Someone I know has spent most of the day on the phone with his broker buying stock at bargain prices. The only way you will become a millionaire is when it costs a million to buy a pint of milk!

[Stavros]

I know where Martin48 is coming from, we have the EDF & their friends over here but ordinary people are concerned about jobs and falling wages. They are not racists!

There was a left wing group led by the Socialist labour party called "Lexit"; of course, they weren't invited to take part in any live televised debates due to the "far right" media in this country ignoring them.
They stood up against EU austerity, privatisation policies and free movement of capital amongst other things.
When Cameron was elected he was obsessed with the UK's National debt. Well; now we can pay it all off(£157bn) within 9 weeks with the £170m we will be saving every week. Difficult decisions my eye!

The left has never had a coherent position on Europe, because it cannot decide amongst itself what a 'revolutionary' strategy looks like. Corbyn and the left of the Labour Party were opposed to the Common Market/EU from the moment the European Communities Act was passed in 1972, and it was only because they lost one election after another to the Tories that they had to find common cause with the Labour moderates, and found it in the social chapter of the Single Market as presented to them by (Socialist) Jacques Delors at the Party Conference in 1986. In his heart, Corbyn is delighted with the result, because for his group, the EU is a capitalist club and the key battleground is Britain where we can elect and de-elect governments and build 'socialism in one country', if not using the same methods as Stalin (though one does wonder about that at times).
By contrast, the Italian Trotskyist, Toni Negri who was an influential intellectual figure in the workers strikes in the 1970s and 1980s in northern Italy before being tainted with Red Brigade violence (which he had nothing to do with), sees globalization as a positive moment in capitalism that has brought workers across the world together in a common fight where before they had been isolated and defeated by host governments (his arguments are in the book Empire co-written with Michael Hardt, published in 2000).

In the UK the bleak reality is that Labour is falling to pieces and Corbyn cannot survive much longer, as if that mattered. The question is if we have a General Election in October will UKIP mop up Labour seats and become the main opposition, which is their current ambition?

But events are moving fast and we have to watch the newsfeeds and not panic...