[Samurai]

The voting pattern suggests that younger people voted for economic reasons and older people voted for emotional reasons. Young people look at benefits of staying in a large group, but the older folks look at the loss of decision making and independence.

Why so many people want to get out of EU despite the economic benefits? Because they have no say in many decisions made by EU.

Example: http://www.independent.co.uk/voices/...-a6690591.html

Meanwhile, the Brexit results has encouraged anti-EU parties all over Europe.

http://www.express.co.uk/news/world/...or-referendums

[embee]

SOME EXPERT OPINIONS ON BREXIT

• Brexit may mean end of globalisation as we know it; stormy days lie ahead.

• A Divided Kingdom Britain walks out, PM Quits.

• Brexit has made fuels cheaper but Cooking Oil, Gold & Silver have turned costlier in a volatile environment.

• Relax, Sun has not fallen from Sky: Rajan on Brexit

• Rich British Indians voted for ‘remain’; the less well-off went for ‘leave’.

• Bouyed by Brexit, more EU countries talk of exit.

• Our markets will stabilise earlier than others; no stimulus as of now: Shaktikanta Das.

• Brexit: RBI's Raghuram Rajan promises liquidity support to absorb shocks.

• For India, barring the inflow of foreign capital, I do see any adverse effect for at least a year or two. UK will require a year or two to negotiate its new agreement with the EU. Till then, I believe status quo will be maintained," said Rahul Bajaj, chairman of Bajaj Auto on Brexit.

[sgiitk]

Originally Posted by sgiitk

They still dream/talk of the old Empire, even though that is deep history. I guess what may sway the brits is the prospect of house prices slumping.

Brexit is a reality Interesting to see Johnson (far right) and Farage cooperating. The latter claims that the bulk of his support came from working class in labour strongholds. My feedback is that Johnson is an excellent speaker, with a reputation for not thinking thing through. Farage has already repudiated his advt that he will direct the £250m (a week?) which is right now given to the EU to the NHS, which seemed to have hit the right chord.

House prices: In Britain one keeps ones savings in th property. Moving up the housing chain as you earn more, and then once you retire unlocking your capital by moving down.

Noe interesting things re emerging. The EU wants GB out asap. They will make soothing noises, but behind doors they will be really tough. The £ is taking a pounding, Moodies have cut the UK projection to negative, Scots and N irish want out. It is very likely that London will lose its preeminence. Watch and wait? Very soon I think the Gin GB or U in UK may become history since it will be a union of England (minus London as a wag put it) and Wales. The Scottish First Minister seems to be in a hurry to stick with EU and have a fresh referendum. So what are we heading to, € in Scotland, £ in England, border checks at the Scottish Border, N Ireland merging with Eire,....

[Chetan_Rao]

With the referendum technically non-binding, is it possible the UK may yet choose not to enforce it?

Triggering the exit is still in their own hands, by invoking Article 50 of the Lisbon Treaty. If they choose not to, can the EU force them out by alternate means?

[apachelongbow]

Just looking at this issue from a non affected/non participating kind of view. The calls for exit makes sense. Consider Italy or the basket case Greece for example. They spent all the money they had and didn't have in building a cradle to the grave public health/benefit systems and now faced with an aging population, they are dependent on dole outs from their more sensible neighbors, Britain including. As a tax paying UK citizen, why should I support an old grandfather in Greece? Am I responsible for his well-being? Has he contributed anyway to my country's development? This is an emotional issue and people have reacted in an emotional way. Likewise the issue on migration is also the same. For people feeling otherwise, put yourself in a situation of our eastern neighbors pouring into India as they did in 1970s and squatting on our lands creating huge slums and law and order problems. Can we be as welcoming as we expect the British to be? The big issue is loss of jobs for the local blue collared workforce simply because manufacturing in UK is costlier and the the jobs are shifting to say eastern Europe, and not all the laid of UK workers expect to get a job there. There is also a question of huge million pounds a week dole out that UK provides to Brussels who then decides how much and what to provide in UK if any. Its like staying in a big joint family and giving all your salary to the head of the house, and expecting a stipend to be handed out to you, and every spend of yours questioned. On the outside it may look like a Chopra movie but on the inside lot of joint families simply don't work.
Regarding automobile industry impact, I believe in the long term this may prove beneficial to getting the British auto industry back on its feet and out of the shackles of BMW and their kinds.

[sgiitk]

@samurai; Hysteria about the EU was being created for a long time. Remember in his earlier avatar Johnson was a journalist (anti-EU naturally). What youngsters (who voted OUT) are most bothered is the £250m (per week) which goes to the EU was promised by Farage to the NHS in an advt. Now he has reneged. Johnson is a powerful speaker known for not thinking his arguments through.

[saket77]

Now I read that the UK population is signing for an online petition to go for re-vote for Brexit. Is that a possibility?
http://m.aajtak.in/story.jsp?sid=875672&secid=13

[Samurai]

No, there will no second vote.

http://www.msn.com/en-za/video/other...BpOQXv?ocid=sf

[sgiitk]

There is a lot of noise about demanding a repoll (over 3 million already). Most MPs reject the idea. Sturgeon has threatened that the Scottish Parliament may reject. Also, she wants a fresh referendum on Sco-exit from the GB. If Scotland quits then fun will start. Border checks since King James's time. Different currencies (right now Scottish Pound has the same value as the English Pound) say Euro!! As for the N Irish they want union with Eire. It was the Unionists (pro GB, Protestant group) which led the Brexit campaign and lost.

Of course the French want the Brits out as of yesterday. As per EU rules, after passing the resolution in House of Commons, they have two years, unless they get an extension. Labour is also disintegrating. Betting is that the next PM will be Boris Johnson, the Tory Brexit leader. However, most observers are also betting on a fresh election soon.

So the G in GB and U in UK may be gone. What may be left is England and Wales.

The bottom line appears to be that Germany has won WW-II, NOW.

[tanuj_afc]

Let me ask a stupid question. With Brexit now, will it affect the prices of Jaguar Land Rover products?

I think JLR cars could get more expensive, WHat is gonna happen?

[alpha1]

Originally Posted by apachelongbow

1. As a tax paying UK citizen, why should I support an old grandfather in Greece? Am I responsible for his well-being? Has he contributed anyway to my country's development? This is an emotional issue and people have reacted in an emotional way.

2. Likewise the issue on migration is also the same. For people feeling otherwise, put yourself in a situation of our eastern neighbors pouring into India as they did in 1970s and squatting on our lands creating huge slums and law and order problems. Can we be as welcoming as we expect the British to be?

3. The big issue is loss of jobs for the local blue collared workforce simply because manufacturing in UK is costlier and the the jobs are shifting to say eastern Europe, and not all the laid of UK workers expect to get a job there.

4. There is also a question of huge million pounds a week dole out that UK provides to Brussels who then decides how much and what to provide in UK if any. Its like staying in a big joint family and giving all your salary to the head of the house, and expecting a stipend to be handed out to you, and every spend of yours questioned. On the outside it may look like a Chopra movie but on the inside lot of joint families simply don't work.

Allow me to become a pro EU solicitor
1. Because in support for this action, someone in Greece would be willing to buy expensive British stuff produced by higher paid than rest of world labor. It helps the employment scene in Britain. But most people have zero idea about why exactly they are employed and being paid whatever they are being paid. There is nothing so great about the British Steel or vegetables that they fetch higher prices compared to stuff being produced in Asia and sold in Greece. EU gave that "closed Swadeshi economy" advantage to Brit workers.

2. Migration is always an issue. Us vs Them attitude. And the funny thing is that migrants of few century past, who are now well heeled may also look down upon the new wave of current migrants. It is human attitude, nothing really new.

3. But now the situation will be even more merciless. At least till now, because of mutual trade agreements and duty structures, the higher wages of Brit workers was maintainable because someone else from EU was willing to buy their stuff. Now what will happen?

4. All federations face this issue. To break out of federation usually entails a cost that is not imminent but takes time to show its face.
The concept of EU came about to tackle the threat of US and Eastern Bloc as economic giants of the world. The answer that needs to be provided to the ignorant voters is what exactly makes an economy big and strong? It is not trade surplus or currency "strength".

So unfortunately, this exit may prove to the the hindi proverbial axe on foot, unless Britain really starts driving favorable trade agreements with the rest of the world, or starts reducing its worker wages.

[Samurai]

Originally Posted by alpha1

So unfortunately, this exit may prove to the the hindi proverbial axe on foot, unless Britain really starts driving favorable trade agreements with the rest of the world, or starts reducing its worker wages.

Or if Britain starts making products that are highly desired by rest of the world. But that is a pipe dream, because in any multi-cultural economy, recent immigrants are the most hard working people. And the Brexit decision is about stopping them.

[RSR]

Bravo! Bravo! Perhaps there is hope left for Western Europe, after all!

Well done, Brits! Or more accurately - Well done, English & Welsh people!

History will judge Brexit as a very important milestone and a turning point in the 21st century. The last one of such magnitude (actually much greater) was the utter, total, house-of-cards like collapse of the failed, totalitarian, good-for-nothing, mass-murdering, tyrannical regimes of the Eastern Bloc.

The bloated Brussels-based bureaucracy that was hell-bent upon pushing Western Europe to commit collective suicide needed a tight slap on its smug face. And the Brits have just done exactly that!

Fantastic! Heroic! Fabulous! "Once Great" Britain can be made great again! The United Kingdom may cease to remain united in the not-too-distant future, but at least the future of England & Wales will no longer remain hopelessly bleak! If Scotland exiting the United Kingdom and Northern Ireland uniting with the Republic of Ireland is what it takes to save England & Wales from destruction, then so be it!

I think the English & Welsh people have simply had enough! Enough of seeing their beautiful cities & neighbourhoods being burned down by hordes of hooligans, hooded hoodlums and rampaging rogues! Enough of seeing their own people (an off-duty soldier & a helpless old woman) being beheaded in the most savage manner by two uncouth aliens that landed on their shores to scrounge off their generous welfare system! Enough of having "no-go zones" in their cities where fire tenders, ambulances and even the police hesitate to enter! Enough of certain self-styled patrols in such zones "asking" their women to "cover up" or forcing people to stop having a beer! Enough of worrying about their young school going daughters being preyed upon by gangs of perverted paedophiles hailing from one particular SAARC country! Enough of the supposed political correctness that prevented the once famous British police force & courts from failing to prevent or even (adequately) punish all the above mentioned crimes! Enough of having the bloated Brussels-based bureaucrats forcing Britain to accept more and more alien hordes who have absolutely no respect whatsoever for Britain, British people, British law, British courts, British values etc. but merely want to leech off the generous British welfare system!

Enough was enough for the Brits, or at least for the English & Welsh people!

It's a pity (and very sad) that the Scots and Irish (nationalists) did not vote to leave the bloated Brussels-based bureaucracy. As for London, the vote was largely on expected lines, and surprised no one.

If the Scots want to leave the UK and the Northern Irish want to unite with Ireland (to remain with the EU), then let them go! It's far, far more important to save England & Wales than hang on to Scotland & Northern Ireland to keep the Kingdom United.

As for the fat cats (calling them cats would be an insult to the real felines) of the bloated Brussels-based bureaucracy, Brexit is only a beginning! If they fail to change their avowed policy of forcing Western Europeans into collective suicide and pushing forward their pet policy of transforming Europe into EUrabia, then Brexit will be followed by Swexit, Frexit, Denxit, Nexit and many more such "exits".

The firm voice of the British people in the Brexit vote is being collectively echoed in other EU countries that are victims of the bloated Brussels-based bureaucrats' policies.

If the EU does not change even now, it will simply collapse!

All the Queen's men & women have spoken it very clearly! And how!

Three cheers to the Brits for voting to take their country back!

P.S.: In honour of the courageous Brexit vote, I've changed my avatar to a helmet featuring the lovely Union Jack!

[Samurai]

Saw this comment made by a British citizen today:

On Thursday we were the 5th biggest economy in the world, on Friday we fell behind France to sixth place. Today we fell behind India to 7th place. The British voters got mugged, and are in so much shock they don't even realize it yet.

[shortbread]

Originally Posted by sgiitk

There is a lot of noise about demanding a repoll (over 3 million already). Most MPs reject the idea. Sturgeon has threatened that the Scottish Parliament may reject. Also, she wants a fresh referendum on Sco-exit from the GB. If Scotland quits then fun will start. Border checks since King James's time. Different currencies (right now Scottish Pound has the same value as the English Pound) say Euro!! As for the N Irish they want union with Eire. It was the Unionists (pro GB, Protestant group) which led the Brexit campaign and lost.

Let me be very clear Nicola Sturgeon will make all sorts of noise about a referendum but will delay it as long as possible, in probability will not happen as well.

The SNP has one rallying cry, that is Scottish independence, its policies are neither here or there, does not have any real economic direction, neither understands what a country needs to really succeed. What it does well is simply cry Independence every now and then.

This helps the SNP in two ways, 1) gives them significance despite having no real agenda. Scots hate the southerners and anyone who does the same will have an emotional connect. The core of SNP's existence is Scottish independence, without raising this now and again, everyone will simply forget them.

2) It helps them cover up the actual results (or the lack there of) of their governance. What success has SNP had recently?! Exactly, no one knows, because when one thinks of SNP, the first thing that comes to their mind is simply Scottish independence.

Its a con, they will be found out, but till that day of reckoning they will keep crying referendum and Independence.

Why Scotland will not go Independent!

The last referendum was when Independence made economic sense for Scotland. Oil at $110+, Aberdeen the O&G capital etc...etc.... yes Scotland could actually make it on their own, just about. But even then Scots rejected the proposal, they might hate the Brits but they definitely need them. Scotland exports to rest of UK 5 times what they do to the EU, 5 times, so tell me which side of the border will an average Scotsman want to be on?!

Now that Oil is hovering at less than $50, and the O&G industry seeing the largest number of job losses ever recorded in Scotland, they will overwhelmingly reject Independence.

But most importantly a referendum now will end Sturgeons First Minister career. She did not spend 3 decades in Politics being Salmond's under study to lose a job she barely held for 2 years. If SNP lose the referendum she will have to step down, No chance in hell she is doing that. She's way too smart for that.

UK splitting up makes for a good news story, but common sense ultimately prevails.