Nearing the end of the day all my stocks (except SKT) with nice blue up arrows next to them. Whats the fuss?
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Nearing the end of the day all my stocks (except SKT) with nice blue up arrows next to them. Whats the fuss?
Sure ... unless they make a flip flop they won't have any other option. And the world will keep turning and spinning around the sun. I guess what people are concerned about is the time frame required to negotiate all these separate treaties. The treaty between Switzerland and the EU took from memory more than a decade (potentially two, depending what you count as start of negotiations) to finalise. Not a problem for me or you (I suppose), but industry is likely to pick during this time other places for their investments. Would you want to invest into a country if you don't know about the laws and contractual frameworks it is in future embedded in? High risk - and most people would not. And if Britain goes ahead with this separation, than they will be for a very long time in a situation without a clear and stable trading framework.
As well - both Switzerland as well as Norway pay heaps every year into the EU coffers, just for the privilege of being associated with the EU. Remember - Britain separated because they didn't wanted to pay their keep. Why do you think they want now to keep paying without even being able to influence European policies anymore?
No. thats the very nature of a vote. Sometimes it is by the slimmest of margins but a win is a win.
If cameron had any sense he would have structured the referendum so that a minimum 60% (say) was a required threshold.
Seems we have forgotten the american elections in 2000 hung on 500 votes to Bush in Florida. And we dont learn from history
Surely not voting may actually be an active decision that neither side had convinced you of the merits of their case. It's why in many nations a super majority (eg 60%+ of the turnout and/or a majority of the total electorate) is required to force constitutional change such as that which a Brexit entails. In a non-binding referendum such as this one, if you do vote, you have to expect that whatever you vote for may not eventuate.
As it turns out the outcome was probably determined by the weather. London had terrible floods on the day of the vote, keeping many of the pro voters at home. Meanwhile the North east where many of the no voters reside had great voting weather. Just shows a referendum is no way to decide what is probably the most important decision to face Britain since entering the second world war