Robin Hood wrote:miltiades wrote:"It’s not over yet. A law that passed last year to set up the EU referendum said nothing about the result being binding or having any legal force. “Sovereignty” – a much misunderstood word in the campaign – resides in Britain with the “Queen in parliament”, that is with MPs alone who can make or break laws and peers who can block them. Before Brexit can be triggered, parliament must repeal the 1972 European Communities Act by which it voted to take us into the European Union – and MPs have every right, and indeed a duty if they think it best for Britain, to vote to stay."
It is being said that the government can trigger Brexit under article 50 of the Lisbon treaty, merely by sending a note to Brussels. This is wrong. Article 50 says: “Any member state may decide to withdraw from the Union in accordance with its own constitutional requirements.” The UK’s most fundamental constitutional requirement is that there must first be the approval of its parliament."
https://www.theguardian.com/commentisfr ... act-europe"
Given that Sterling has had an almost 10% " devaluation" against both the US $ and the Euro since the referendum results one wonders if 2-3 months down the road , if Stg continues its downward trend , if recession shows its ugly head, if multi national companies begin to withdraw from the UK in large numbers, if immigration remains at present levels, if our NHS does not .....benefit to the tune of 350 million per WEEK, will parliament be inclined to " respect" the non legally binding referendum result or vote against repealing the 1972 accession act supported by a large majority of MPs.
Its by no means over yet!! Interesting times ahead indeed..
A sound level headed assessment. I think the pound will recover and the chance of these multinationals leaving in their droves is just another bout of scare mongering. All the turbulence since Brexit has been in financial markets and the fall in the currency is due to speculators. One trader in London made £110m by betting the £ would drop ...... multiply that up and how much did these speculators make and just what did it contribute to the economy. The markets are not the REAL economy ..... they are a pseudo economy that benefits traders and the system .... they contribute nothing to the economy of the country or its people.
If anyone made their decision just by listening to the two camps for and against argument ..... they must be pretty thick. Both sides led with disinformation, you needed to look much deeper to find out the benefits or not, of each argument.
Robin whether you consider it immoral, wrong or plain stupid the entire world revolves around money. A nations prosperity is measured by its financial strengths or weakness. Through out the world people are affected not by any other force than the financial elements. Strikes are on the whole carried out because workers want more money. The world would come to a complete standstill devoid of finances, Greece for instance and Cyprus.
The pound will NOT RECOVER any time soon. You may quote me a month or so down the line when the pound sinks further.
The decision by those wanting exit from the EU was based on pseudo nationalistic propaganda, clichés as such as "WE WANT OUR COUNTRY BACK" " WE WANT TO MAKE OUR OWN LAWS AND NOT DICTATED BY NON ELECTED EUROPEANS" as well as the blatant lies concerning the 350 million by which our NHS would benefit, this slogan was widely and incessantly used and the geriatrics fell for it.
The economic severities of leaving the EU will soon emerge, and they have just begun.
Do also consider that Europe has had 2 catastrophic wars, who is to say that in a few years time such a scenario could not occur.
I believe not only in a united Europe but in a Europe with its own military, its own identity.
Britain will live to regret this ludicrously catastrophic decision and then of course blame the EU !!
I still believe that Britain will remain in the EU and be supported by the overwhelming majority of voters as they watch the disastrous consequences that will be exacerbated by inflation, recession, high un employment and dire economic events.
The likely next PM is the front runner Theresa May. In a vote, as required, to invoke article 50 , the vast majority of pro EU MPs will stick two fingers up to the referendum , influenced by the severe consequences that, be sure they will emerge .
