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In two hours the UK economy has lost $350 BILLION

In two hours the UK economy has lost $350 BILLION. That’s equivalent to 40 years of EU contributions.
Is this what brexiters have wanted?

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No it hasn't.

Nothing has changed, fuel, houses, cars, all running fine. Poor people don't care about your numbers on a screen.
Original post by epic within
In two hours the UK economy has lost $350 BILLION. That’s equivalent to 40 years of EU contributions.
Is this what brexiters have wanted?


It's a great time to invest. The market will rebound.
Source?
We're still going to gain in the long run when the Europroject fails.
Reply 5
Original post by Gora The Xplorer
No it hasn't.

Nothing has changed, fuel, houses, cars, all running fine. Poor people don't care about your numbers on a screen.


Nothing has changed beacuse article 50 wasn't activated we are still technically in the EU none of the actual legal stuff has happened yet. That being said the pound still dropped in value
Pound has rebounded after the initial shock (to $1.37, still a long way to go before pre-announcement rate of $1.50)
FTSE has also rebounded to just over 6000 after falling below 5800
It hasn't yet fallen below 5600 when the EU referendum date was announced, but if it does, it'll be because of a global financial crash
(edited 7 years ago)
Reply 7
Original post by epic within
In two hours the UK economy has lost $350 BILLION. That’s equivalent to 40 years of EU contributions.
Is this what brexiters have wanted?


Says who?
Original post by epic within
In two hours the UK economy has lost $350 BILLION. That’s equivalent to 40 years of EU contributions.
Is this what brexiters have wanted?


brexitmeme.jpg
Original post by epic within
In two hours the UK economy has lost $350 BILLION. That’s equivalent to 40 years of EU contributions.
Is this what brexiters have wanted?


No it hasn't. Remain can't call Brexiters economically illiterate and then come out with nonsense like this. I'm not sure what you're referencing, the stock market price plunge or the fall in value of Sterling or something else, but regardless it does not in any way mean the UK economy has 'lost' $350 billion.
Original post by linaxq
Nothing has changed beacuse article 50 wasn't activated we are still technically in the EU none of the actual legal stuff has happened yet. That being said the pound still dropped in value


right so previous growth was a speculative bubble dependent upon immaterial laws :yy:
You clearly pulled that number out of your ass
Original post by Gora The Xplorer
No it hasn't.

Nothing has changed, fuel, houses, cars, all running fine. Poor people don't care about your numbers on a screen.


Until there's no money to fund their NHS or their schools, or to fix their roads or to build their houses or pay their welfare, and there aren't any jobs or any prospects for the future. Poor people should care about numbers on a screen.

Original post by SalazarSlytherin
You clearly pulled that number out of your ass


http://www.express.co.uk/finance/city/683003/Brexit-shock-France-overtakes-UK-worlds-fifth-largest-economy-pound-plunges

http://www.theguardian.com/politics/2016/jun/24/brexit-vote-business-leaders-call-for-urgent-action-to-shore-up-uk-economy

http://news.sky.com/story/1716537/ftse-100-plunges-by-120bn-after-brexit

http://www.independent.co.uk/news/business/news/mark-carney-says-bank-of-england-ready-to-inject-250bn-into-economy-to-keep-uk-afloat-after-eu-a7100486.html
Original post by JordanL_
Until there's no money to fund their NHS or their schools, or to fix their roads or to build their houses or pay their welfare, and there aren't any jobs or any prospects for the future. Poor people should care about numbers on a screen.



If those numbers had any basis in reality it wouldn't have dropped because the underlying value would reflect those numbers :dunce:
Original post by Gora The Xplorer
No it hasn't.

Nothing has changed, fuel, houses, cars, all running fine. Poor people don't care about your numbers on a screen.


yep. i just checked and a Big Mac is still the same price so all good ...

those other things you mentioned can be affected over time, its a top down effect when the economy shifts
Original post by Chakede
yep. i just checked and a Big Mac is still the same price so all good ...

those other things you mentioned can be affected over time, its a top down effect when the economy shifts


Then the EU should have worked for normal working class people and not just bankers who live in London.
Original post by Gora The Xplorer
Then the EU should have worked for normal working class people and not just bankers who live in London.


i think the EU poured money into some of the poorest areas in the UK for last 20 years. normal working class people you refer to have never realised this, they have only spent last 10 years reading about bankers in tabloids
Original post by physicsphysics91
We're still going to gain in the long run when the Europroject fails.


It may work better now that the UK won't be there to obstruct further integration.
Original post by Chakede
i think the EU poured money into some of the poorest areas in the UK for last 20 years. normal working class people you refer to have never realised this, they have only spent last 10 years reading about bankers in tabloids



So working class people are stupid? K.

Spoiler

Reply 19
Look at you lot. We're going to lose our AAA rating which could lead to bankruptcy ffs.

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