Dr Gloom 21912 Posted July 7, 2016 Share Posted July 7, 2016 Yeah, take your time everyone, no rush Link to comment Share on other sites More sharing options...
Dr Gloom 21912 Posted July 7, 2016 Share Posted July 7, 2016 5 absolutely fucking shit stories buried by Brexit. No surprise to see further criticism of Osborne's failed austerity policies. https://www.theguardian.com/commentisfree/2016/jul/07/stories-buried-brexit-child-poverty-un-austerity?CMP=twt_gu Link to comment Share on other sites More sharing options...
adios 717 Posted July 7, 2016 Share Posted July 7, 2016 BAMFU! Hope this acronym last a long time. Link to comment Share on other sites More sharing options...
Renton 21592 Posted July 7, 2016 Share Posted July 7, 2016 Has anyone seen this bit of channel 4 news? Look at the clip of these mackems, young and old alike. Stevie's right, they're like morlocks. Look at the teeth on those old biddies at the end. Am going to have nightmares. Link to comment Share on other sites More sharing options...
JJ 0 Posted July 7, 2016 Share Posted July 7, 2016 Has anyone seen this bit of channel 4 news? Look at the clip of these mackems, young and old alike. Stevie's right, they're like morlocks. Look at the teeth on those old biddies at the end. Am going to have nightmares. Dopey fucking cunts. They're so upset at the power Westminster has over them that they've voted to give Westminster as much power as they can possibly give them? Link to comment Share on other sites More sharing options...
ewerk 30569 Posted July 8, 2016 Share Posted July 8, 2016 If you ever needed an advert against democracy. Link to comment Share on other sites More sharing options...
Kid Dynamite 7025 Posted July 8, 2016 Share Posted July 8, 2016 Try working there The city centre is possibly the worst I've been to in the UK Link to comment Share on other sites More sharing options...
Dr Gloom 21912 Posted July 8, 2016 Share Posted July 8, 2016 more to suggest the fall in the pound is business as usual from Chris Giles, FT economics editor. Brexit has unleashed a different sort of currency depreciation, according to modern economics, one that is less likely to encourage domestic investment for exports, is more likely to raise inflation and will be more painful for hard-pressed families. As David Miles, a former MPC member, told MPs soon after the referendum: I am not terribly optimistic that, if sterling now stays at the current level, we should expect a marked increase in exports from the UK and a significant reduction in the current account deficit. Stephen King, adviser to HSBC, added that if exports were not significantly stimulated, sterlings fall would have the effect of raising prices faster than wages, thus cutting living standards. This is when you get into the whole risk of recession, stagnation and income squeezes of one sort or another, he added. Link to comment Share on other sites More sharing options...
Renton 21592 Posted July 8, 2016 Share Posted July 8, 2016 more to suggest the fall in the pound is business as usual from Chris Giles, FT economics editor. My pay has risen below inflation for a decade now. Looks lime this will make it even worse. Great. It's at this point you start thinking "fuck you" to the Brexiter voting underclass who will be affected much more than me. And then socialism is dead. Link to comment Share on other sites More sharing options...
Alex 35064 Posted July 8, 2016 Share Posted July 8, 2016 My pay has risen below inflation for a decade now. Looks lime this will make it even worse. Great. It's at this point you start thinking "fuck you" to the Brexiter voting underclass who will be affected much more than me. And then socialism is dead. There are selfish as well as more philanthropic reasons why you shouldn't feel that way I think. It'll only lead to more trouble down the line. This could affect you and your loved ones indirectly or directly if it leads to more crime, civil unrest etc. I fully understand why you might feel that way and I battle with those thoughts too. Ignoring the plight of large sections of the population is what has gotten us into this mess though. Either that or kill them all. Also, I see consumer confidence has seen its sharpest fall for 21 years. BAU Link to comment Share on other sites More sharing options...
Rayvin 5217 Posted July 8, 2016 Share Posted July 8, 2016 My pay has risen below inflation for a decade now. Looks lime this will make it even worse. Great. It's at this point you start thinking "fuck you" to the Brexiter voting underclass who will be affected much more than me. And then socialism is dead. I'm starting to feel this way too... There are selfish as well as more philanthropic reasons why you shouldn't feel that way I think. It'll only lead to more trouble down the line. This could affect you and your loved ones indirectly or directly if it leads to more crime, civil unrest etc. I fully understand why you might feel that way and I battle with those thoughts too. Ignoring the plight of large sections of the population is what has gotten us into this mess though. This is a good argument though. Ultimately we should be angry at Neo-Liberalism rather than each other, I suppose. Link to comment Share on other sites More sharing options...
adios 717 Posted July 8, 2016 Share Posted July 8, 2016 Has anyone seen this bit of channel 4 news? Look at the clip of these mackems, young and old alike. Stevie's right, they're like morlocks. Look at the teeth on those old biddies at the end. Am going to have nightmares. You know you would. Link to comment Share on other sites More sharing options...
Gemmill 44811 Posted July 8, 2016 Share Posted July 8, 2016 She's 26. Link to comment Share on other sites More sharing options...
ewerk 30569 Posted July 8, 2016 Share Posted July 8, 2016 Link to comment Share on other sites More sharing options...
Gemmill 44811 Posted July 8, 2016 Share Posted July 8, 2016 https://www.theguardian.com/commentisfree/2016/jul/07/farewell-michael-gove-traitor-prime-minister https://www.theguardian.com/commentisfree/2016/jul/07/toto-brexit-curtain-oliver-letwin Marina Hyde crushing it at the minute. Link to comment Share on other sites More sharing options...
ewerk 30569 Posted July 8, 2016 Share Posted July 8, 2016 Hopefully God wants her to fuck off out of public life. Link to comment Share on other sites More sharing options...
Meenzer 15518 Posted July 8, 2016 Share Posted July 8, 2016 Brexit: a coup by one set of public schoolboys against another ‘The traditional climax of a Union election was one Etonian backstabbing another for the presidency’ Simon Kuper To understand the situation the UK has got itself into, it helps to know that Brexit isn’t simply an anti-elitist revolt. Rather, it is an anti-elitist revolt led by an elite — a coup by one set of public schoolboys against another. I went to university with both sets, and with hindsight I watched Brexit in the making. When I arrived at Oxford in 1988, David Cameron, Boris Johnson and Michael Gove had just left the place. George Osborne and the future Brexiters Jacob Rees-Mogg and Daniel Hannan were all contemporaries of mine. I wasn’t close to them, because politically minded public schoolboys inhabited their own Oxford bubble. They had clubs like the Bullingdon that we middle-class twerps had never even heard of. Their favourite hang-out was the Oxford Union, a kind of children’s parliament that organises witty debates. A sample topic: “That sex is good … but success is better”, in 1978, with Theresa May speaking against the motion. May is now running for Tory leader without the usual intermediate step of having been Union president, though her husband Philip, Gove and Johnson did all hold that post. (Beautifully, Gove campaigned for Johnson’s election in 1986.) You could recognise Oxford Union “hacks” by the suits they wore, though none took it as far as Rees-Mogg, a rail-thin teenager who promenaded along Broad Street dressed like a Victorian vicar with an umbrella. Three times a year, when the Union elected new officers, the hacks would go around town tapping up ordinary students with the phrase, “May I count on your vote?” The traditional climax of a Union election was one Etonian backstabbing another for the presidency. It’s no coincidence that the Houses of Parliament look like a massive great Gothic public school. That building is a magnet for this set. Whereas ordinary Britons learn almost no history at school except a UK-centric take on the second world war (as evidenced in the Brexit debate), the Union hacks spent their school years imbibing British parliamentary history. Their heroes were great parliamentarians such as Palmerston, Gladstone and Churchill. I don’t think most Union hacks dreamed of making policy. Rather, Westminster was simply the sort of public-school club where they felt at home — or in the case of middle-class wannabes like Gove, aspired to feel at home. Their chief interest was oratory. From age six they had been educated above all to speak and write well. After Oxford, Union hacks usually found jobs in communications: Cameron went into PR, while Gove, Johnson and Hannan became journalists churning out the kind of provocative essays that are valued at Oxford. Osborne applied to do likewise at the Economist but was turned down at interview by my FT colleague Gideon Rachman. Only Rees-Mogg went into finance, possibly because his dad had already been editor of the Times. The autumn I started university, Margaret Thatcher gave her legendary anti-European “Bruges speech”, and this set began obsessing about Brussels. Ruling Britain was their prerogative; they didn’t want outsiders muscling in. Tory “Euroscepticism” is in part a jobs protection scheme akin to Parisian taxi drivers opposing Uber. The public schoolboys spent decades trying to get British voters angry about the EU. But as Gove admitted to me in 2005, ordinary voters never took much interest. Perhaps they didn’t care whether they were ruled by a faraway elite in Brussels or ditto in Westminster. And so the public schoolboys focused the Brexit campaign on an issue many ordinary Britons do care about: immigration. To people like Johnson, the campaign was an Oxford Union debate writ large. Once again, their chief weapons were rhetoric and humour. In Britain, humour is used to cut off conversations when they threaten either to achieve emotional depth or to get boring or technical. Hence Johnson’s famous, “My policy on cake is pro having it and pro eating it”, a line that doesn’t seem quite so funny now. The moment Brexit was achieved, Johnson and Hannan airily informed Britons that immigration would continue after all. No wonder, because the public schoolboys don’t care about immigration. Whether Poles and Bangladeshis live in unfashionable English provincial towns is a matter of supreme indifference to them. The public schoolboys turned out to have no plan for executing Brexit. I’m guessing they considered this a boring governance issue best left to swotty civil servants. Johnson actually spent the Sunday after Brexit playing cricket. In the great public-school tradition, he was a dilettante “winging it”. Now Britain seems headed for recession. When I mentioned this in an email to a privately educated Oxford friend, he chastised me: “You seem unduly concerned about short-term financial impacts. This is a victory for democracy.” I see what he means. If you make £200,000 a year, a recession is just an irritation. But if you make £20,000, it’s a personal crisis, and if you now make £15,000, then soon you may be struggling to feed your children. Anyway, the public schoolboys have already moved on, first backstabbing each other and now extracting favours from their preferred candidates in the Tory leadership election. “May I count on your vote?” What fun! https://next.ft.com/content/f4dedd92-43c7-11e6-b22f-79eb4891c97d?siteedition=uk#axzz4DolpK54A Link to comment Share on other sites More sharing options...
Alex 35064 Posted July 8, 2016 Share Posted July 8, 2016 Whenever I see Jacob Rees-Mog I think of this: Link to comment Share on other sites More sharing options...
Christmas Tree 4725 Posted July 8, 2016 Author Share Posted July 8, 2016 Link to comment Share on other sites More sharing options...
Isegrim 9762 Posted July 8, 2016 Share Posted July 8, 2016 Simon Kuper does write rather good football books, too. Link to comment Share on other sites More sharing options...
Dr Gloom 21912 Posted July 8, 2016 Share Posted July 8, 2016 Excellent piece by Kuper. Imagine going to uni with that set of cunts Link to comment Share on other sites More sharing options...
Dr Gloom 21912 Posted July 9, 2016 Share Posted July 9, 2016 BAU https://www.bloomberg.com/news/articles/2016-07-08/pound-overtakes-argentine-peso-to-become-2016-s-worst-performer?utm_content=bufferddc85&utm_medium=social&utm_source=facebook.com&utm_campaign=buffer Link to comment Share on other sites More sharing options...
Christmas Tree 4725 Posted July 11, 2016 Author Share Posted July 11, 2016 The FTSE 250, which is considered a bellwether of the UK economy as a whole because it contains more UK-focussed companies, ended the day down 7.2pc - its worst day since Black Monday. The fall wiped £25bn off the value of the index in all and wiped almost a quarter off the value of some stocks. This "bellwether". Up 1700 points since you posted this, over 500 today alone and just about fully recovered. Link to comment Share on other sites More sharing options...
Dr Gloom 21912 Posted July 11, 2016 Share Posted July 11, 2016 It rallied 2.5% on the news that we know who our prime minister is and we don't have he uncertainty a 9 week leadership campaign would bring and the possibility of a Leadsom government. It's still down about 6 percent since the referendum. Sterling rallied too to $1.30. Keep watching for more signs of dead cats Link to comment Share on other sites More sharing options...
ChezGiven 0 Posted July 11, 2016 Share Posted July 11, 2016 Had my first question on Brexit from the 6 year old. "Why did the queen of England tell everyone to get out of Britain?'. I threw a copy of the Guardian at her. Link to comment Share on other sites More sharing options...
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