A week since the referendum. Judging by the chatter in a London pub last night, we’re not close to the point where we’re through talking about it. I’ve never gotten so much email.
Usually I try to give a balanced picture of the emails I’ve received. Different perspectives and all that.
But this week I don’t think that’s the right approach. Because I’ve gotten way more email from leavers than remainers.
It’s been fascinating. I’ve a much better understanding of why Britain made its decision today than I had on Friday morning.
Here’s why Brits voted to leave, in their own words.
“Also, around 3m UK workers are EU citizens. Some of them will have to go home.”
My company is in the software-intensive systems business in aerospace, defence and transport. About half our professional staff are citizens of EU countries other than the UK. I’m not sure why any of them will “have to go home”. Who in their right mind would dictate that? They certainly don’t expect that anything will change for people like them. (Many of them have already opted for dual-citizenship.)
What may be different in the future is that we don’t have to listen to Mrs Merkel, or a collection of Eurocrats, telling us what share of the tide of Middle Eastern migrants we have to cope with. We may cope with more, we may opt for less. The decision will be up to UK politicians answerable to the UK electorate.
– Brian L.
37% out; 35% in and 28% couldn’t be bothered to turn up. On that basis Mr Cameron resigned and our rulers in Brussels told us to go asap.
Incredulous amazement just about covers it.
Then our very own Nigel Farage gets up in the EU parliament and socks it to ’em. Delightful!
What a very sorry situation. I’ve always been for leaving ever since the Barmy Continental Club (AKA the European Union) was formed. Had the Great British electorate seen fit to flip the figures (37% to stay) I’d have shrugged my shoulders and carried on. Under those circumstances, we would certainly be dragged towards closer union and most probably be forced to join the Euro.
I agree with Yanis Varoufakis when he says that the primary problem in Europe is the two great elephants – France and Germany – slugging it out while the rest of us are like little mice. I’m no socialist but that man speaks a lot of sense. Was not the EU created expressly to keep those two apart?
As for the markets: thanks to all who panicked ‘cos I did alright out of it – all a matter of timing.
If we are going to leave the EU, let’s stop this endless dissection of the result and get on with the business of sorting out the position of what’s left of the UK in the modern world. For that we must have a strong, decisive Government. I don’t see too much evidence of that around Westminster at the moment.
England is a heavily overpopulated country, and already was even before we joined the Common Market. What we absolutely must do is abolish European freedom of movement as it has been interpreted in recent years (which is not at all how we were told before the 1975 referendum that it would be). Concern about the way it exacerbates overpopulation is the main reason why we voted to leave the EU.
The other 27 nations treated Mr Cameron with contempt when he raised the matter; they were not prepared to accommodate us in the slightest on it inside the EU; they are not likely to now that we have regretfully decided that forces us to leave. Unless they do have such an unlikely change of heart, we can’t have both the single market and control of immigration; therefore we must be resolute to forgo the single market and trade with the EU on WTO terms, as the economist Patrick Minford holds would be most profitable for us anyway.
– Peter K
When we are framing the ‘Out’ criteria, it would obviously be
advantageous to the spreading of knowledge and understanding between
European nations if all parties build ‘trapdoors’ into the eventual
agreements. These would allow graduate level and certificated
craftsman/technicians freedom to travel and work as journeymen in the
countries of whatever trading bloc results.
This would benefit all parties, especially those employers prepared to
welcome qualified foreign workers during their most creative and
I would vote leave again. My wealth may be affected, but it is about the legacy of a better country I leave to the younger generation. Beats me why the young want to stay——graduates have to compete with others from Europe as do humble brick layers etc, housing becomes more expensive, environment is affected. We couldn’t go on.
Last week I voted remain. In 1975 I voted IN. I think the EU is in need of deep reform and I think we and the EU would do better with us in.
However the vote was Leave. I do not want a second referendum. And I certainly do not want a general election. We elect MPs not as delegates but as our representatives.
Their responsibility is to use their judgement, not pass the problem back to me. The vote is done. Now our leaders must sort the mess.
– M. Hoath
Regards the above; I voted out Sean for a variety of reasons but I can distil it down to: being in control, being sovereign, being part of a smaller state and being freer with less rules and regulations with greater choice in world trade. I was never so naïve as to believe this was just a decision, pure and simple, and realised it was very much a journey (I thought circa 10 years) and I fully expected some very tough times as a result – I don’t believe we have seen the worst yet, and not by a long shot at that.
… It has been illuminating though – those who consider themselves progressives or who are all about Social Justice, are, in fact, the new establishment and actually despise those who don’t agree with them….and, worryingly, I’m not at all sure I can trust either the establishment or progressives now. In fact – I now know I can’t. Silly me for taking so long to arrive at that realisation I guess……
As a result, it’s Gold for me, and if I could, I’d be buying Guns and Grain too……
That about sums it up. People are fed up with elites, and willing to take a hit to their wealth to “do it their way”.
Of course, you don’t have to accept your fate. Brexit doesn’t need to hit your wealth. In this week’s Penny Share Letter I’ve picked a company that’ll thrive outside of the EU.
If you really want to go for it, there’s a way to not just survive but profit from Brexit – that’s by investing in gold miners. Miners are risky – you know that already. But if you’re interested in positioning yourself for a Brexit slowdown, keep an eye on your inbox later on this afternoon.