to ask for some actual facts about how shit things are going to be?

[milkyface]

Can someone please tell me exactly what's going to happen in the next year, 10 years, 20 years?

I mean please someone tell me EXACTLY how shit things are going to be.

I must be missing something because everyone seems to know exactly what position we're all going to be in in 1, 5, 10, 20 year plus, and I don't.

How can we be certain on what will happen when we haven't even left yet?

Trump said yesterday that brexit was great

'nuff said

When we leave we won't be funding the EU and so it will be funded directly from the government
Will it? Who says? Have there been any promises made? A statement on scientific funding, on regeneration projects?

It was a UKIP MP though wasn't it?

It was, does that make a difference?

*Ok - so when we're in the EU we pay money centrally and that is then allocated across the Union for research, public initiatives, investment, etc.

When we leave we won't be funding the EU and so it will be funded directly from the government. We're not going to suddenly stop doing things we were clearly doing for years before we ever joined the EU.

The challenge will be how quickly some of the programmes get established.*

Not if the programme itself is an EU-wise project - many of them are. The UK government won't fund that, the project will simply go somewhere else in the EU - plenty of research institutions which are not in the UK. The scientists will follow the money, and our universities lose out.

jacks11 great post.

gg96cgp

You are making the assumption that we will have that money to spend. We may not.

Standard and Poors have said we will lose our triple A credit rating, Moody's have down graded our economic outlook to negative. It is likely that if things don't settle VERY quickly that it is going to cost our government more to borrow. We have a high national debt:GDP ratio. So our government would have less money to spend. Add in loss of inward investment, loss of jobs as some companies move out (so more paid in out of work benefits) and you have less money to spend on scientific research, on subsidies for farming and fisheries and all these other things.

Lets look at the impact of raised costs of borrowing for UK businesses and on individuals- in the short-term it will stay low (according to some on the monetary policy committee, the short-term rates will possibly even dip into negative, meaning we would have to pay the bank when we deposit money). However, in the longer term the rates are benchmarked against government borrowing rates. If these remain elevated in the medium to long-term then cost of borrowing for the every day consumer and for businesses (especially STM) will rocket.

We are likely to be spending more money to shore up the pound and provide liquidity over the next few weeks to a month than we give to the EU in a year- according the governor of the Bank of England.

Oh yes, and what if the deal with the EU involves paying in substantial amounts into the EU- as Norway does?

It's not as simple as just re-distributing the money we give the EU.

Well it's Saturday morning, just over 24 hours after the result was declared - do you think it's taking too long? Did you think it would all be done and dusted by tea time?

*Trump said yesterday that brexit was great

'nuff said*

But you're always going to get arseholes voicing opinion from one side or another aren't you?

It's like saying oh you shouldn't listen to radio 1 because that's what Isis have their car radios tuned to.

You shouldn't vote labour because Jimmy saville was a supporter (I have no idea whether this is true I'm just making examples)

There's always going to be arseholes. Just because one arsehole supports a cause, doesn't make the rest of the supporters arseholes or arsehole sympathisers!

troubledsoul do you realise that when Scotland leaves the union Great Britain will no longer exist?

The name itself refers to the Union of England and Scotland. "Britain" and "Great Britain" is the name of the whole island. It cease to exist as a legal entity as soon as the Acts of Union are dissolved.

Ironically, the voters who voted to "make GB great again" have sealed its death warrant. You will need to make "England" great again, because "Britain" will no longer be the name of your country.

How much can I stress this? If Scotland leaves as a result of this vote, there will be no "Britain". It will be consigned to history as both name and international legal entity. You won't live in Britain any more. A "successor state" will be created which will be the Kingdom of England and Wales. Literally no-one knows whether in that case we will even be considered the same state for the purposes of all our other defence and treaty commitments which we may need to completely renegotiate. The reason no-one knows is that there has never been a constitutional crisis this big since the English Civil War.

Did you realise that when you voted? That if Scotland leaves Britain simply won't exist?

We'll have a hard time making England "great" on its own, bumbling about looking like an international basket case which voted to break up its own borders.

Troubled what are the wrong type of refugees?

Well it's Saturday morning, just over 24 hours after the result was declared - do you think it's taking too long? Did you think it would all be done and dusted by tea time?

Oh Christ. Obviously not!

I just don't know how everyone seems to know exactly how things are going to go when we haven't even left yet......

How can you know what's going to happen after an event, when the event hasn't yet started?

There are a whole lot of arsehole 'leave' supporters I wouldn't want to be associated with - nick griffin, farage, Britain First, trump, Putin - all lovely lads I'm sure, but not for me

Milkyface, what is the point you're trying to make? Stop repeating "you don't know what's going to happen" over and over...people are giving you good information; try to understand it.

We DO know thay EU funding will stop. Can you not see that is extra money being injected into our country to help us? When that goes what will happen? Wales has gained a lot from the EU; talk about biting the hand that feeds you.

There are several posts on the thread already that can give you a general idea....

I think this is going slightly off topic.

Okay so there are arseholes who support leave.

What's gonna happen because of that?

*Milkyface, what is the point you're trying to make? Stop repeating "you don't know what's going to happen" over and over...people are giving you good information; try to understand it.

We DO know thay EU funding will stop. Can you not see that is extra money being injected into our country to help us? When that goes what will happen? Wales has gained a lot from the EU; talk about biting the hand that feeds you.*

I do understand. I have explained I understand what is predicted to happen, several times.

I know EU funding will stop - that is obvious isn't it?

I don't fucking know what will happen that's the point I'm trying to make

Are you wilfully misunderstanding, trolling, goading? I can't make my mind up

Lots of people have posted likely scenarios based on what has already happened in the last few days. No-one has said there is a good chance of money falling from the skies and everyone getting a free unicorn

Financially, the shit has probably already hit the fan, the consequences of which may be slightly inconvenient or a downright fucking disaster. To a certain extent, it's out of 'our' hands now

Basically we can all predict what we think is going to happen, I have read thousands of predictions.

I understand why people think what they do, why people think we will go into recession why jobs will be lost etc etc etc

What I'm saying is I'm sick of people saying that things WILL happen.

They may be likely to happen yes, but nobody can be certain that they WILL happen on day 2.

Yes obviously all remainders are going to think is all going to go to shit, fine they're entitled to think that.

I and may others are laughing yet disgusted at remain voters attitude its like a bunch of 2yrs olds crying and throwing their toys out of the pram!! Ridiculous over reaction from them if they had won you wouldn't see us announcing stuff like "Yorkshire to become an independant country" "everyone sign this petition for a re match" fuck off you cry babies "Scotlond"?? Arf. Move on preferabaly out of the UK if you now hate it sooo much

But it has already started to happen - the pound has dropped in value, the U.K. has lost its AAA rating and is now designated 'negative'. These are not good things, therefore shit WILL follow

*Are you wilfully misunderstanding, trolling, goading? I can't make my mind up

Lots of people have posted likely scenarios based on what has already happened in the last few days. No-one has said there is a good chance of money falling from the skies and everyone getting a free unicorn

Financially, the shit has probably already hit the fan, the consequences of which may be slightly inconvenient or a downright fucking disaster. To a certain extent, it's out of 'our' hands now*

I don't agree with you or take your opinions as solid fact so now I'm trolling or goading! Right.

I KNOW WHAT THE LIKELY SCENARIOS ARE.

Basically all I'm saying is please stop staying your opinions as a fact. (Not you personally!)

What's likely to happen and what definitely will happen could be two different things.

But it has already started to happen - the pound has dropped in value, the U.K. has lost its AAA rating and is now designated 'negative'. These are not good things, therefore shit WILL follow

Ok. These are facts - which is what I want!

And they were stated upthread. Did you not see them?

Jacks11 - good points that you raise and yes, I was making some very broad assumptions.
I recognise that the cost of borrowing may increase but my overarching point on this entire thread is none of us really know what will happen at this point in time and so people do really need to breathe and calm down (not aimed at you as your post is one of the better ones I've seen) before writing off the next 20 years to economic turmoil!

I can tell you what is likely to happen, OP. Far from making Britain great again, we have just voted to diminish our global power and influence which we had partly as a result of our position in the EU. We are likely to see the dissolution of the Union and Scottish independence. Possibly the return of serious tensions in NI and maybe eventually NI unity with Ireland. To the international community, we look like idiots who have voted for a prolonger period of uncertainty and possibly the breakup of our own country. In all of this our credit rating is downgraded, taxpayers' money used in QE to prop up the economy which will create rebound inflation, probable recession, enormous expense in every direction as laws and contracts are rewritten all over the shop, the disappearance of EU money for research, universities, infrastructure and culture, and less money to spend on anything else as more austerity comes in. Boomers' pensions will be hit,and their house prices will drop sharply to reflect the puncturing of the housing bubble (now that Osborne is no longer able to prop it up). Our global influence will sharply drop; our legacy position in international groups like the G8, Nato and the UN will drop away, and we will end up a bit like New Zealand - a small country floating around on the edge of the Anglosphere doing its own thing. Doesn't sound that great to me, and it was all completely unnecessary and avoidable.