Yay or nay - should Britain vote to leave the EU?

[Jezza]

It's official. Brexit has happened.

http://www.bbc.com/news/uk-politics-36615028

[Wokko]

[Johnno75]

so what does it mean?

Your Super will be worth 5% less tomorrow than it was yesterday

Unless you are invested in gold stocks.

Had a couple of cracks at the Aussie 200 index when it was going bonkers to make a quick buck but it was too volatile and I had tight stops for fear of losing big time.

Should be a decent rebound and opportunities a plenty when the dust settles.

[Jezza]

Final Result:

Remain = 16,141,241 (48.1%)
Leave = 17,410,742 (51.9%)

Breakdown:

England
Remain = 13,266,996 (46.6%)
Leave = 15,188,406 (53.4%)

Northern Ireland
Remain = 440,437 (55.8%)
Leave = 349,442 (44.2%)

Scotland
Remain = 1,661,191 (62.0%)
Leave = 1,018,322 (38.0%)

Wales
Remain = 772,347 (47.5%)
Leave = 854,572 (52.5%)

http://www.bbc.com/news/politics/eu_referendum/results

[Tannin]

[David]

And Cameron has resigned as PM, effective in October.

[Jezza]

WOW Cameron resigns!

[Wokko]

Boris for PM!

[Mugwump]

^ i'll break my self-imposed silence on VPT to comment on this issue, since i've lived here for over 20 years. Tannin is certainly partly right about Merkel's culpability but i don't think it has been the decisive issue.

Brexit has been delivered by the defection of Labour voters, especially in the deindustrialised towns of the North of England. This is a reflection of the vacuum at the heart of Labour since the romantic election of Jeremy Corbyn as Labout leader. Previous Labour leaders have been ardently pro-EU. Corbyn, a man bereft of any charisma or appeal, has managed to be absent from the campaign, and equivocal when he was noticed. In the absence of political leadership, The resentments of the dispossessed working class who have seen few benefits from globalisation has delievered this result.

The EU itself has of course contributed to this result in so many ways - with its remoteness, its clumsy decision-making processes, and its sheer arrogance and incompetence on everything from the Euro, to border control, to banking reform, to prevention of terrorism. This result, however, is as much about the collapse of traditional political parties and affiliations, and a protest against globalisation, as it is about the EU.

After agonising long and hard about this, i voted remain, because i did not feel that the marriage was so bad as to warrant the costs of divorce. There wil be painful adjustement costs ahead and noone can be sure where it ends, but the sun is shining over London today, and there is a long process before the divorce happens, so I suspect some of the hysteria will abate. I also do not think that the rest of the EU will follow the same course, as pro-EU feeling is rooted in the traumatic memory of the second world war, and so it is deeper there. If 1% of British voters had voted the other way, the result would have been different - so I think the EU is safe in its heartland, for now. But only for now.

However it lands, Britain will no longer be in the position where its laws are created and adjudicated offshore, and that is a proper state for a sovereign nation. Australia does not have many of its its laws made and judged in Singapore, and Britain will again have Australia's independence. Though i did not vote for it, that at least is a silver lining.

[Morrigu]

[HAL]

Thanks for telling me that gossip. I will remember it.

[stui magpie]

^ i'll break my self-imposed silence on VPT.

Why have you not been posting in VPT? Did I miss something?

[What'sinaname]

It's official. Brexit has happened.

http://www.bbc.com/news/uk-politics-36615028

2 hours and 16 minutes too late my friend.

[Dave The Man]

So Poms Stuffed up the Whole Worlds Ecomony

[Wokko]

So Poms Stuffed up the Whole Worlds Ecomony

No, who told you that Dave?