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UK loses triple-A credit rating

https://www.theguardian.com/business/2016/jun/27/property-and-financial-shares-slide-as-referendum-fallout-hits-stock-markets


This can't be good in terms of attracting foreign investment and potentially raising debt for the country, especially as we leave the EU. Let's just hope we can recover it soon and it's not a downwards spiral.

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Brexiters don't care unless the word immigrant is involved. Numbers are apparently not real things
Original post by marco14196
Brexiters don't care unless the word immigrant is involved. Numbers are apparently not real things


Of course, damaging the economy is worth it, as long as we get rid of the evil immigrants
Original post by Lord Samosa
Of course, damaging the economy is worth it, as long as we get rid of the evil immigrants


How long are you going to pretend this is the only reason Britain voted for brexit?
Original post by Lord Samosa
Of course, damaging the economy is worth it, as long as we get rid of the evil immigrants


Cant believe some ppl voted for Brexit without even knowing what the EU is rofl.
Reply 5
Original post by marco14196
Brexiters don't care unless the word immigrant is involved. Numbers are apparently not real things


It's not as bad as the media want to make out, same with the drop in sterling, they're just wanting a headline and making things worse. Most of the developed world runs on AA or lower including both China and the US, India even lower. The cost of borrowing has not gone up because of the ruling, in fact it declined a bit and has stayed under 1pc for a 10 year. Credit rating refers solely to sovereign debt, I.e. government borrowing whixh should be being increased now to stave off recession as people stupidly horde their money instead spending it and while debt is very cheap.

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Original post by KingBradly
How long are you going to pretend this is the only reason Britain voted for brexit?


It's not. But there's a select few who just based their decision on that, and refuse to consider other aspects of this result.
Original post by Lord Samosa
https://www.theguardian.com/business/2016/jun/27/property-and-financial-shares-slide-as-referendum-fallout-hits-stock-markets


This can't be good in terms of attracting foreign investment and potentially raising debt for the country, especially as we leave the EU. Let's just hope we can recover it soon and it's not a downwards spiral.


Why start a new thread when one had already been started?

http://www.thestudentroom.co.uk/showthread.php?t=4189665
Original post by Jammy Duel
It's not as bad as the media want to make out, same with the drop in sterling, they're just wanting a headline and making things worse. Most of the developed world runs on AA or lower including both China and the US, India even lower. The cost of borrowing has not gone up because of the ruling, in fact it declined a bit and has stayed under 1pc for a 10 year. Credit rating refers solely to sovereign debt, I.e. government borrowing whixh should be being increased now to stave off recession as people stupidly horde their money instead spending it and while debt is very cheap.

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That's what I'm hoping, that it's not as bad as it seems. It all depends how we respond over the coming months/years. I just worry about our leadership, the political parties are all over the place, and I just hope we can get ourselves together, and think of a good plan to move forward. (And I hope I'm proven wrong and this Brexit turns out to be beneficial for this country)
Original post by 999tigger
Why start a new thread when one had already been started?

http://www.thestudentroom.co.uk/showthread.php?t=4189665


Didn't see that thread :redface:
brexiteer answer = Wonga
We need a RESOURCE based economy not some tedious CAPITALIST economy.

The UK has the opportunity to lead a way forward to a new world.
Original post by 2016_GCSE
We need a RESOURCE based economy not some tedious CAPITALIST economy.

The UK has the opportunity to lead a way forward to a new world.


Oh look, another 16 year old communist/socialist who has never seen the world saying it's broken

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Original post by Jammy Duel
Oh look, another 16 year old communist/socialist who has never seen the world saying it's broken

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It will be broken in 20 years if capitalism continues and robots take over the jobs as we are starting to see evidence of.
Original post by 2016_GCSE
It will be broken in 20 years if capitalism continues and robots take over the jobs as we are starting to see evidence of.


You mean like people said a few decades ago about computers, and before that about automation?

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Original post by Jammy Duel
You mean like people said a few decades ago about computers, and before that about automation?

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Computers then mostly needed humans to operate but now they are starting to become independent and more engaged with the world around them.

With current advancements in technology we can certainly expect EU strawberry pickers to be replaced by picking equipment, we can expect EU janitors to be replaced by self cleaning robots

immigrants doing the work we don't want to do will be a thing of the past. Robots will replace these immigrants jobs and take them out of work. Making immigrants a big issue for the UK.
Of course this was predicted and made readily available by economists.


But as many brexiters have told me, we shouldn't pay any attention to the economists because they are simply attempting to look through a crystal ball by making their well informed, evidence based predictions.

Watch how they'll cling on to how "it's not as bad as you think" until we are firmly in the ground.
Original post by 2016_GCSE
Computers then mostly needed humans to operate but now they are starting to become independent and more engaged with the world around them.

With current advancements in technology we can certainly expect EU strawberry pickers to be replaced by picking equipment, we can expect EU janitors to be replaced by self cleaning robots

immigrants doing the work we don't want to do will be a thing of the past. Robots will replace these immigrants jobs and take them out of work. Making immigrants a big issue for the UK.


The point is that we have been told for decades, if not centuries, that this new technology and that new technology will lead to mass unemployment, but funnily enough every time job losses have been slow enough that new jobs are created. It's something like 50% of current jobs are expected to be automated in 20 years, but also that half of jobs in 20 years will be roles that do not currently exist.

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Original post by Twinpeaks
Of course this was predicted and made readily available by economists.


But as many brexiters have told me, we shouldn't pay any attention to the economists because they are simply attempting to look through a crystal ball by making their well informed, evidence based predictions.

Watch how they'll cling on to how "it's not as bad as you think" until we are firmly in the ground.

they got us into this mess. it's a shame they don't at least admit that this country isn't doing well, instead of vehemently denying it. it's fooling no one (except for other brexiters)

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