Pet Shop Boys say NO to Brexit

[markreed]

Sterling was valued way too high which was affecting our global effectiveness and trading. So it's beneficial that it's dropped. It makes exports far more competitive; Anyway, each to their own. Although your 'True Facts' are speculative opinion, not Facts.

Apparently remainers only speak about "facts" whereas leavers only speak about "lies"! You couldn't make these simple minded people's views and attitudes up really could you? Hilarious! I'm just shocked that armageddon hasn't arrived yet, weren't the remainers promising it would do?

Article 50 hasn't even been triggered yet. Which is like saying there's not going to be a hangover ... because you haven't left for the pub yet!

[TallThinMan]

Well, this is certainly the liveliest discussion this place has seen for many a year!

[JSDOUVRES]

Sterling was valued way too high which was affecting our global effectiveness and trading. So it's beneficial that it's dropped. It makes exports far more competitive; Anyway, each to their own. Although your 'True Facts' are speculative opinion, not Facts.

Apparently remainers only speak about "facts" whereas leavers only speak about "lies"! You couldn't make these simple minded people's views and attitudes up really could you? Hilarious! I'm just shocked that armageddon hasn't arrived yet, weren't the remainers promising it would do?

Article 50 hasn't even been triggered yet. Which is like saying there's not going to be a hangover ... because you haven't left for the pub yet!

Oh Ok, so it's March 29th that Armageddon starts then is it?
Come on, It is obvious what I was saying, people were predicting chaos should we vote out yet everything has been fine and there is still huge confidence and interest in Britain and it's future and the financial market forcasts are strong. Never in doubt and absurd to imagine we can't succeed outside of the EU!

[Neilatrone]

Apparently remainers only speak about "facts" whereas leavers only speak about "lies"! You couldn't make these simple minded people's views and attitudes up really could you? Hilarious! I'm just shocked that armageddon hasn't arrived yet, weren't the remainers promising it would do?

Article 50 hasn't even been triggered yet. Which is like saying there's not going to be a hangover ... because you haven't left for the pub yet!

Oh Ok, so it's March 29th that Armageddon starts then is it?
Come on, It is obvious what I was saying, people were predicting chaos should we vote out yet everything has been fine and there is still huge confidence and interest in Britain and it's future and the financial market forcasts are strong. Never in doubt and absurd to imagine we can't succeed outside of the EU!

Are you being deliberately provocative? You may be passionately interested in the subject but your opinions "It is obvious what I am saying.....yet everything is fine" are your opinion, not necessarily reality. I don't think any sane person has said that Armageddon has arrived but there are worrying signs nonetheless.

[Neilatrone]

Sterling was valued way too high which was affecting our global effectiveness and trading. So it's beneficial that it's dropped. It makes exports far more competitive; Anyway, each to their own. Although your 'True Facts' are speculative opinion, not Facts.

Economic data on inflation published by the Tresuary is verifiable and factual.

An opinion that "sterling was valued way too high" is a speculative opinion.

Fact

[Tom Angel]

Well, perhaps an increase of inflation will reduce the rampant consumption of modern society, so it's not all bad. Fact.

Besides, since 2000 alone, we’ve paid £90 billion more to the European Union than we got back. Fact.

[daveid]

Well, perhaps an increase of inflation will reduce the rampant consumption of modern society, so it's not all bad. Fact.

Besides, since 2000 alone, we’ve paid £90 billion more to the European Union than we got back. Fact.

Sorry? You think we give money to the eu so that we can get more money back? I think you're getting confused with banks. We pay money in return for membership benefits such as grants and trade protection.

[daveid]

Apparently remainers only speak about "facts" whereas leavers only speak about "lies"! You couldn't make these simple minded people's views and attitudes up really could you? Hilarious! I'm just shocked that armageddon hasn't arrived yet, weren't the remainers promising it would do?

Article 50 hasn't even been triggered yet. Which is like saying there's not going to be a hangover ... because you haven't left for the pub yet!

Oh Ok, so it's March 29th that Armageddon starts then is it?
Come on, It is obvious what I was saying, people were predicting chaos should we vote out yet everything has been fine and there is still huge confidence and interest in Britain and it's future and the financial market forcasts are strong. Never in doubt and absurd to imagine we can't succeed outside of the EU!

This is Britain. We don't get Armageddon,as that would be too revelatory. Ours is always a slow, grinding, whimpering fate with a high chance of drizzle...

[jamie1978]

Article 50 hasn't even been triggered yet. Which is like saying there's not going to be a hangover ... because you haven't left for the pub yet!

To be fair, it was the official Remain campaign + OECD + IMF + Treasury which warned of an 'immediate economic shock' and recession if we voted Leave.

Well, the opposite happened. If anything the economy has outperformed any expectation, and unemployment is at an 11-year low.

Sure, there might be some bad economic news some time soon, but there hasn't been any so far, which undermines the key economic claims made by the Remain campaign. Shifting goalposts is never a good sign if you're trying to prove you're 'right' about something.

[JSDOUVRES]

Article 50 hasn't even been triggered yet. Which is like saying there's not going to be a hangover ... because you haven't left for the pub yet!

To be fair, it was the official Remain campaign + OECD + IMF + Treasury which warned of an 'immediate economic shock' and recession if we voted Leave.

Well, the opposite happened. If anything the economy has outperformed any expectation, and unemployment is at an 11-year low.

Sure, there might be some bad economic news some time soon, but there hasn't been any so far, which undermines the key economic claims made by the Remain campaign. Shifting goalposts is never a good sign if you're trying to prove you're 'right' about something.

Great post, so far all the "facts" from the remain campaign have been proved wrong.

Although I see from a previous post that the it apparently is not about "facts" but economic data provided by the treasury ie biased "speculation" which has been proved WRONG! And the treasury does not have a very good reputation historically when it comes to speculation of course as proved by how wrong it has got Brexit so far.

[markreed]

The pound exchange rate dropped 8.84% in the 24 hours following the result of the vote in value.

Hardly a sign of a healthy economy.

[TallThinMan]

The pound exchange rate dropped 8.84% in the 24 hours following the result of the vote in value.

Hardly a sign of a healthy economy.

The FTSE 100 share index also hit a record high following the EU referendum result, adding £232bn to the value of the country’s top companies.

[daveid]

The pound exchange rate dropped 8.84% in the 24 hours following the result of the vote in value.

Hardly a sign of a healthy economy.

To invent a General Melchett quote:

Jonsense! The sun will never set on the glorious British Empire. Suez was but the opening salvo of a 60 year prelude to the greatest period in our glorious history. The fact that we've lost our empiyerrrrrr and surrendered our manufacturing base to Jerry and the Japs is in fact a cunning plan to lure our enemies into a false sense of security. At the moment they least expect it...we'll pounce! And catch the blighters napping.

[jamie1978]

The pound exchange rate dropped 8.84% in the 24 hours following the result of the vote in value.

Hardly a sign of a healthy economy.

The pound was over-valued, which led to our exports being noncompetitive and contributed to a wide balance-of-payments deficit.

It's devaluation is a good thing. There are many economies in the world who deliberately engineer drops in the value of their currencies to boost exports, so the fact that Brexit delivered a devaluation 'naturally' is almost certainly a good thing for our economic health.

[Spittingcat]

The "predictions" were based on immediate trigger of A50, so the good news is that the delay has allowed the BofE to mitigate some of the immediate issues (good job they have a genius in charge there).

Now, the bad news, the "predictions" were based on a trade deal between the rEU & UK delivering near tarif free trade in goods, and passporting agreements for the city being in place. Now, the additional damage expected, and ruled out, of us falling back on WTO rates, is… well… huge. And the current government is saying that is exactly what we need to prepare ourselves for.

Not only are we not out of the water yet, but it's looking like we might be going in far deeper than the Remain campaign predicted at the time.

Consumer confidence remains high, very high, but that's because at least half the country believes the promises of us being 'better off' as we leave the EU. Reality will bite hard in a few years time I'm afraid, when we stop talking about the outlook, and start paying through the nose to try and maintain our current standard of living.