Please or to access all these features

Add post

Watch this thread

Save thread

Start a new thread

Flip thread

Hide thread

My feed

Active Unanswered threads

Getting started FAQ's

Unanswered threads Acronyms Talk guidelines

Hide shortcut buttons

Talk

AIBU?

Share your dilemmas and get honest opinions from other Mumsnetters.

Flip

1 2 3 4

Original poster

To celebrate that the FTSE 250 has virtually recovered

82 replies

sandrabedminster · 11/07/2016 19:47

The sky hasn't fallen down, everything is still good and the FTSE 250 is pretty much back where it was before brexit vote.

As all of us smart brexiters said, a few weeks of uncertainty and then things will recover and go from strength to strength.

OP posts:

HarveySchlumpfenburger · 11/07/2016 20:52

Can you add to a laminated shit list? Or do you have to make a new shit list and then laminate that.

(Off topic, but it suddenly seems important.)

HoneyDragon · 11/07/2016 20:53

Are you calling me stupid and a remainer? If so based on what?

shinynewusername · 11/07/2016 20:53

Not all who work in finance are "nasty bankers". Some are average earners, just trying to make a living. And the uncertainty of Brexit will likely affect them more than the "nasty" ones at the top

I agree eyelash. I was just anticipating the inevitable objections that - if we can do without Lush because we don't like their bath bombs - we can also do without bankers.

But you are quite right that one of the ironies of Brexit is that the urban metropolitan elites who were supposedly the target of Leavers' ire will also be able to relocate to other countries, leaving the poor and disadvantaged to suffer the Brexit recession.

WellErrr · 11/07/2016 20:53

And what about all the British companies that moved abroad in the last 20 years with EU grants and funding? Could we 'do without' those?

Or was that OK?

I fail to see why one company moving to Germany now is a disaster but hundreds moving with EU sweeteners was great?

ThroughThickAndThin01 · 11/07/2016 20:56

Excellent point WellErr

Original poster

sandrabedminster · 11/07/2016 20:56

Hun dragon- I'm not calling anyone stupid. I'm rebutting the countless people that have called brexitors stupid.

OP posts:

HarveySchlumpfenburger · 11/07/2016 20:58

The pound is surging vs the euro. Back to 2013 levels.

Wasn't the £ at a low against the Euro in 2013?

HoneyDragon · 11/07/2016 20:59

Ok, I got confused how my dislike of a company announce my political affiliation and made my intelligence questionable.

I don't object to being called stupid, just as long as I've had a fair attempt to earn the statement

WellErrr · 11/07/2016 20:59

Like Cadbury for instance, to think of a popular one.

They had a massive EU grant to move to Poland in 2011, with the loss of hundreds of jobs and a whole community.

Idiotxit · 11/07/2016 21:01

I'm rebutting the countless people that have called brexitors stupid

You've got your work cut out then.

WellErrr · 11/07/2016 21:04

And Twinings had £10 million to move to Poland.

£10 million.

Their workers not only lost their jobs, but had to train their Polish replacements before they were booted. I can't fathom in my mind how that is fair or good for the UK. We've lost so, so many household names due to the EU.

bakeoffcake · 11/07/2016 21:05

If you think this is the end, you are stupid!

They haven't even started negotiations yet, it's all just beginning!

shinynewusername · 11/07/2016 21:08

Like Cadbury for instance, to think of a popular one. They had a massive EU grant to move to Poland in 2011, with the loss of hundreds of jobs and a whole community.

Well for one thing Cadbury is American-owned: you know, those lovely Americans who are going to offer us fantastic trade deals and who never off-shore their own manufacturing to the Far East

For another, Brexit is not going to repatriate any of the UK companies which have moved some operations to mainland Europe. Quite the opposite: they will move more of their operations out of the UK, to avoid 2 years of uncertainty, followed by possible trade tariffs.

No company in its right mind is going to invest in the UK in the next 2 years, if it has an alternative. It will take our economy years to recover from that disinvestment alone, even if - in the end - we end up with an EEA-style arrangement.

WellErrr · 11/07/2016 21:13

But why no outrage about the hundreds of British companies that were enabled to move with EU money?

I'm outraged over it. Household names who've been here for decades, employees whose families have always worked for them, whole communities based around factories, GONE - due to EU money.

But no one seems to mind this. Lush considering moving to Germany though - horrific news

Twinchaos1 · 11/07/2016 21:13

It seems to early to say this OP, the markets are relieved that someone will be PM and that they are an experienced pair of hands. But as others have said we haven't started to Brexit yet and until it is clearer what we are replacing being part of the EU with it is very hard to say what the economic impact will be. The FTSEs are only one economic indicator for the country and need to be looked at with the others. It's very early doors all round.

Oysterbabe · 11/07/2016 21:14

You realise we haven't even started to leave yet right? We'll see where they are if anyone had the balls to pull the article 50 trigger.

MangoMoon · 11/07/2016 21:14

Excellent - so we only want jobs if 100% of the population likes the product concerned?

51.9% will do

WellErrr · 11/07/2016 21:14

Brexit is not going to repatriate any of the UK companies which have moved some operations to mainland Europe

It will almost certainly stop others from the same fate.

Twinings for instance wouldn't have moved without a £10 million carrot from Brussels.

CordeliaFrost · 11/07/2016 21:15

We're moving to the US in a few weeks.

The £ is at one of its lowest rates ever against the $.

Unless it makes a miraculous recovery before we move, and transfer our money over to our US bank account, our money will be worth far less. Therefore forgive me if I fail to see cause to celebrate.

BMW6 · 11/07/2016 21:17

STFU OP - your inanity is giving rational Brexiters like myself a bad name. Things are very likely to get a lot worse before it gets better - I think it will be a number of years before we see what the benefits of Brexit are.

You are being an arse and reinforcing the stereotype.

Heatherbell1978 · 11/07/2016 21:20

I work for a big British bank whose share price nose-dived and hadn't recovered. Brexit has just guaranteed that the Government won't be able to sell any of its stake for at least another 5 years. The pound has plummeted which means imports will cost more. I'd hold your celebrating for now.

TiramisuIsMyFriend · 11/07/2016 21:24

Ummmm...the £ is at about 1.17 vs the euro. That is significantly down on even just a couple of days ago! Where do you get the idea that it's "surging"??

I earn in euros but spend a lot of time in the UK so financially this has been great for me but I would happily see it go back up to 1.28,which it was a couple of months back, or even higher, if we could take back the idiocy of Brexit.

shinynewusername · 11/07/2016 21:35

Brexit is not going to repatriate any of the UK companies which have moved some operations to mainland Europe...It will almost certainly stop others from the same fate

Of course it won't. The UK will lose out in two ways: we will be seen as too risky to invest here and we won't get any of the EU trading terms and subsidies that have helped bring international companies to the UK. About half of foreign investment in the UK is as a result of it being in the EU - that's about $1.5 trillion.

EnthusiasmDisturbed · 11/07/2016 21:43

Well as the markets can change drastically in an hour I am not sure one day of them improving after such a huge drop is anything to celebrate

ilovesooty · 11/07/2016 21:51

Hun dragon

I think I've seen it all now.

Flip

1 2 3 4