British EU Membership Referendum of 2016

[Skeezix]

For those of us hoping that sanity prevails in the U.K., Corbyn losing the confidence vote is a step (one step, mind you) in the right direction.

As I understand it, though, Corbyn plans to pull a bit of a Bernie Sanders and is not going to step aside gracefully. So, Labour will be in as much disarray as everything else.

ETA: These caucus results are pretty damning:

• 172 votes against Jeremy Corbyn
• 40 in support
• 4 abstentions

 

[AlvinofDiaspar]

For those of us hoping that sanity prevails in the U.K., Corbyn losing the confidence vote is a step (one step, mind you) in the right direction.

As I understand it, though, Corbyn plans to pull a bit of a Bernie Sanders and is not going to step aside gracefully. So, Labour will be in as much disarray as everything else.

Yeah, Corbyn is totally off his rockers - he has no support from his MPs, how does he think he is going to lead the party through the turmoil? Honestly though, the extant Tory and Labour should just put down their baggage, split, eject their radicals and merge into a centrist party.

AoD

 

[Videodrome]

He reminds me of Tom Mulcair to some degree.

 

[Skeezix]

He reminds me of Tom Mulcair to some degree.

But without the passion.

 

[W. K. Lis]

Joke petition asks for a rerun of England v Iceland match

See link.

 

[Admiral Beez]

Scotland voted 62 per cent in favour of staying in the EU and stated they will press for a new referendum on whether to become independent. Ireland voted 56% to stay and are voicing similar concerns.

Ireland wasn't in the vote. Northern Ireland was, and could presumably hold a referendum on joining Éire, but that will likely restart the Troubles.

As for Scotland, they're stuck. They don't have a sustainable economy without England, and no future as an independent state. How could they switch to the Euro? Do they want to ditch the Queen? Do they want HM military to leave?

 

[James]

I think it's incredible that the FTSE100 has recovered all market cap losses from the Brexit vote and then some in just a few business days. Similar to the U.S. S&P500, the rebound was quick and sharp; a true V-shaped recovery in a matter of days. Unbelievable.

http://www.express.co.uk/finance/ci...EST-level-since-2015-just-a-week-after-Brexit

 

[BurlOak]

And if you look at the DAX and CAC in Germany and France, they are both still down. Since Brexit vote:

GB: FTSE = +3.8%
France: CAC40 = -4.3%
Germany: DAX = -4.7%
Spain: IBEX: -6.9%
Swiss: SMI: +0.8%

 

[DSC]

There is an interesting wrinkle in the UK Brexit discussions.

The UK joined the EU in 1972 through an Act of Parliament. 1972 European Communities Act,

The EU has rules about leaving and this has to be done under the withdrawal process laid down in Article 50 of the Lisbon Treaty.

As triggering Article 50 leads to automatic loss of membership (after a maximum of 2-years of negotiation) the triggering would, after the 2 years, mean the UK would leave the EU. As this would mean over-riding an Act (the 1972 Act) this can only be done by Parliament passing a new Act, not simply by sending a letter from the Prime Minister or the government.

In short: to leave the EU the UK requires a new Act but a fairly large majority of MPs are NOT in favour of leaving. Question: Will they respect the referendum result or not? (The referendum is only advisory but ...)

See: http://www.bbc.com/news/uk-politics-uk-leaves-the-eu-36671629

 

[Johnny Au]

Read here: http://fivethirtyeight.com/features...ion-if-it-wants-to-keep-its-finance-industry/

The United Kingdom can't block immigration if it wants to keep its finance industry.

Meanwhile, Toronto is the tenth most important financial centre in the world in 2016. It dropped two spots from eighth last year.

 

[BlackLivesMatterJeff]

The fascists won but we shouldn't give up and let the UK go into racism and nationalism. There is no way this referendum result should be accepted as is.

 

[Johnny Au]