The UK referendum on the EU

As many of you will be aware, mounting disquiet in europe has led to increasing support for far right, left and separatist parties across the EU. In the UK mounting pressure from UKIP and longstanding divisions over the UK's place in the EU led to Conservative Prime Minister David cameron pledging to attempt to renegotiate Britain's place in the EU and then put the issue of continued membership to a referendum. His party succeeded against the predictions to win a majority government and as promised he has attempted to renegotiate and a deal has been secured with the referendum date set for 23/06/2016.

The issue is internationally significant as the UK makes up part of the centre right in europe and its removal will shift power internally towards the poorer south and east and away from the north. As the UK is a net contributor removal would also lead to either reduced investment in the net recipient states or a rise in tax amongst the contributors to account for the shortfall. It would also end a secondary flow of money from the UK supplementary benefit benefit system to families in EE and likely negatively impact life there. (a minimum wage job in the UK + attendant top up benefits is larger than the average wage in poland)

The details of cameron's deal are here:http://www.bbc.co.uk/news/uk-politics-eu-referendum-35622105

the main points are a removal of the treaty commitment for 'ever closer union' for the UK and a tapering suspension of in work benefits for eu immigrants for 7 years.

The broad arguments for each side are as follows:

Remain:

The UK is stronger within the EU than outside as it has a voice on decisions
better trade deals with entities like china and the US are possible because of collective bargaining.
Much of the UK employment protections come from EU legislation
The EU is democratic as the UK can elect MEPs and has a seat on the council for their head of government.
The EU would penalise a british exit and any trade deal would leave us with less control over our own affairs a la Norway or switzerland,
Businesses would leave the UK for the EU.
Free movement of people is a net benefit for the UK.
The UK benefits from investment by the EU
The EU prevents russian influence from growing in ee
Paris would take the financial market from London if we left.
the relationship with the US would be harmed.
A vote to leave will likely trigger a new Scottish referendum which most polls predict would lead to a break up of the UK.
The ECHR's authority and the Human Rights act would likely be scrapped shortly after exit


Leave:
free movement of people has depressed wages and strained infrastructure as most migrants are low skilled and low paid.
The native working class cannot compete for wages as their living costs are higher than those with family in EE.
The vote to join in the 70s was made with the promise of trade union only and the Eu has explicitly become a political project.
The Uk representation has never successfully opposed a motion in the EU.
EU law has overridden UK government policy despite that government being elected
Britain pays more in than it gets out.
German leadership of the EU is wildly out of tune with public opinion.
The EU creates excessive red tape which is hurting british industry.
The UK is the EU's largest trading partner with a trade deficit which makes any trade war self defeating.
other countries have free trade agreements with the EU despite not being members (Canada, South Korea)
The executive of the Eu is unelected.
The CAP subsidises the French unfairly and prevents proper importing from the commonwealth of food which keeps food prices artificially high.
The ECHR's authority and the Human Rights act would likely be scrapped shortly after exit


The Battlelines:

Remain:
The labour party led by Jeremy Corbin who, in his youth, opposed the EU as being a Capitalist tool to keep workers down.
The SNP led by Nicola Sturgeon who have as an end goal an independent Scotland within the EU.
The Prime minister David Cameron and a portion of the Conservative party.

Exit:
UKIP- an explicitly right wing anti eu party led by Nigel Farage- notable for taking a significant share of the votes if not the seats in the last election.
Boris Johnson- mayor of London and one of the likely successors to Cameron. He is joined by another faction within the conservative party.
Assorted 'bennites' the remnant of the followers of the late Tony Benn on the left of british politics- this is where Corbyn had his origins.

Outside the politicians there is a split with unions, banks,and industry declaring both ways. The legal profession is likewise split however the inclination there is for the leave campaign. The Army and the Crown have not commented as is traditional.

The press is likewise split with the sun and mail backing out and the guardian backing in. the telegraph will likely tacitly back out.

Any discussion of UK politics online tends to include childish name calling 'little englanders, EUSSR, Camoron, Corbynazi etc etc'. I'd be obliged if we could avoid that- it adds nothing to what is an important debate.

What are your thoughts kiwis? in or out?
 
Last edited:
It's the saddest thing about this whole thing that Bo Jos master plan consisted of Remain winning, so he could sweep in with a wave of momentum. He didn't expect to win and thus has become the latest victim of the Game of Groans, also known as British Politics.
:story:
British politics has officially turned into The Producers.
Welcome to 2016 motherfuckers.
 
It was hilarious to watch all these rich metro arseholes who assume the countryside is "quaint" and the folks "backwards" whenever they travel north (which they define as "above Watford") wandered around saying they "weren't just british".

I dunno about most brits, but you can swear allegiance to like, 2 national flags tops, and even then one of them is basically for football purposes.

Meanwhile House Leader Paul Ryan Does Sensible Things
 
Last edited:
I like how none of these Remnants remembers there's a whole bunch of countries, many of them full of Pee Oh Sees, that would happily want to work with and trade with an independent UK, and this probably will be one of the main strategies that the establishment will follow once they stop derping and mumbling like a moon calf. Here's a nice photo of their heads chilling with Her Majesty:
Head-of-the-Commonwealth.jpg
 
I like how none of these Remnants remembers there's a whole bunch of countries, many of them full of Pee Oh Sees, that would happily want to work with and trade with an independent UK, and this probably will be one of the main strategies that the establishment will follow once they stop derping and mumbling like a moon calf. Here's a nice photo of their heads chilling with Her Majesty:

As pointed out, some key non-white members (India & Kenya) are already perfectly willing to do an FTA with the UK post-brexit. While the african states are concerned some aid and development grants may be disrupted, the UK fully participating in the Commonwealth again should actually see the organization moving again. Certainly more intelligently than simply throwing aid money at the problem.

"The Boss" has already expressed that we should engage with the Commonwealth according to the palace as Prince Charles and Prince Andrew have basically been put on standby to hit the key Commonwealth states. (Canada, Australia, New Zealand, India, Kenya and Nigeria) for trade deals ASAP. They're the largest/key members of the commonwealth with the latter three really needing to be "on side" after a long period of the UK basically neglecting the Commonwealth.

One mooted idea is the UK will start to drive for more tariff free trading between member states. This will result in massive liberalization on certain areas such as food production and manufacturing.

If the UK manages to get a half decent deal from the EU as well (Which Looks Likely) then within a few short years the UK really will have re assumed its place as a global trader.
 
This sort of social justice and "global" dogma is eerily similar to the Cultural Revolution that happened in China in the 1960's and early 1970's. So much internal "policing" by the youth against dissenters and "backwards" old people.

If it's any solace, once the Cultural Revolution was ended by common sense, Mao's death, and the end of the Gang of Four, a lot of these prototypical SJW's were sent to the countryside to do actual work on the farms and rice fields. Special snowflake shit doesn't fly when it comes to plowing fields and harvesting crops.
 
This sort of social justice and "global" dogma is eerily similar to the Cultural Revolution that happened in China in the 1960's and early 1970's. So much internal "policing" by the youth against dissenters and "backwards" old people.

If it's any solace, once the Cultural Revolution was ended by common sense, Mao's death, and the end of the Gang of Four, a lot of these prototypical SJW's were sent to the countryside to do actual work on the farms and rice fields. Special snowflake shit doesn't fly when it comes to plowing fields and harvesting crops.
They'll probably starve themselves because white rice is problematic.
 
Second life and Aviva have suspended property trading outflows.
Aviva and Standard Life are trying to protect the interests of all investors in their property funds by refusing to allow clients to take money out.

Otherwise, they would be forced to sell property assets at firesale prices to fund redemption requests. That would drive down the value of the fund, encouraging more investors to cash out, creating a vicious circle.

Instead, people with money in these funds must now sit and wait.

This is rather serious. These suspensions are the first real sign of economic stress post brexit. The second was sterling crashing even lower today.

Its also not helping that brexit figureheads are fucking off, or that the treasury hasn't really done any planning.
 
Last edited by a moderator:
  • Disagree
Reactions: Vitriol
Second life and Aviva have suspended property trading outflows.


This is rather serious. These suspensions are the second real sign of economic stress post brexit. The second was sterling crashing even lower today.

Its also not helping that brexit figureheads are fucking off, or that the treasury hasn't really done any planning.
Is it that hard to go "hey, let's set up trade with our former colonies who happily want us to"; I mean, even five minutes of planning at Nando's while being drunk would be better than nothing. Just damn at that amount of incompetence.
 
Is it that hard to go "hey, let's set up trade with our former colonies who happily want us to"; I mean, even five minutes of planning at Nando's while being drunk would be better than nothing. Just damn at that amount of incompetence.

Carney, the guy running the Bank of England, has been an absolute saint after the referendum, because unlike the Remain Leaders and the leave Leaders he actually had an idea of what to do and had several plans in place in case of Brexit.

Needless to say, I may have voted Leave and would do so again but I am not happy at the sheer level of fail displayed by the politicians after the result aired.
 
Carney, the guy running the Bank of England, has been an absolute saint after the referendum, because unlike the Remain Leaders and the leave Leaders he actually had an idea of what to do and had several plans in place in case of Brexit.

Needless to say, I may have voted Leave and would do so again but I am not happy at the sheer level of fail displayed by the politicians after the result aired.

Yeah I'm being to think the BOE was the only institution with real contingencies in place.

Another property fund has suspended its withdrawal commitments- M&G. Its an ominous sign
 
  • Agree
Reactions: Lorento
Yeah I'm being to think the BOE was the only institution with real contingencies in place.

Well, the Treasury had some plans, I don't think Osbourne was retarded enough not to think that far ahead. The markets and everybody else in Parliament were the ones who failed to prepare for the worst and as my favourite book written by a lolcow, 'Maradonia and the Seven Bridges' says, "Failure to prepare is preparation to fail!"
 
The suspension of the funding withdrawal isn't too surprising to be honest. These companies have basically helped be responsible for the significant warping of UK property prices to anything up to 20% above their actual market value. With uncertainty about money transfer a lot of these requests will have come from within the EU itself.

Capital Flight was always going to be part of the Brexit issue but the chances of it merely being a Technical Recession (I.E doesn't hit the "real" economy) is still very very high. Largely because the Stock Market and economy have been divorced from each other since 2008 and the masses of QE that have been enacted.

CmiblDCWIAAuCe8.jpg:large
 
Back