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eracode
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  #1579823 24-Jun-2016 20:51
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eracode:

 

JWR:

 

MikeB4:

 

Geektastic:

Not binding.... Unless you want a civil war.

 

 

 

yes ...

 

Unlike NZ UK politicians generally still have honour. They follow the Westminster system not just say they do. Ministers will actually resign, and PM's honour votes. Mr Cameron will full fill the wishes of the majority

 

even if its his last act.

 

 

 

 

Cameron will speak on TV3 in the next few minutes.

 

 

 

Odds he resigns?

 

 

 

Btw, is Paddy Gower drunk?

 

 

Boris for PM!

 

 

Boris is now being touted as leading contender for new leader of the Conservative Party - and thus new PM. (Credible commentators on LBC radio).





Sometimes I just sit and think. Other times I just sit.


gzt

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  #1579825 24-Jun-2016 20:55
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The effects of this market adjustment are actually very serious. Consequently a person would be very silly to think there will be no flow on effect to NZ.

 
 
 
 


SJB

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  #1579826 24-Jun-2016 20:57
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Currencies and markets will rebound. I bet some funds have been hoovering up those cheap shares like there's no tomorrow already.


tdgeek
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  #1579827 24-Jun-2016 20:59
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shk292:

tdgeek:


Aside from today, where to from here? I gather the strength of the EU is that its a FTA region. So will the UK now have tariffs imposed in due course? I read an article today that NZ's heady years in the 70's were helped by UK trade. Might that happen? 



Ever heard of the WTO?  I think the days of punitive trade tariffs are long gone, regardless of their status as damn good scare tactics



If that's the case wh are there FTA's? Tariffs are not always punitive they can be mere sales taxes, that give advantage to non preferential suppliers. If they didn't exist there would be no FTA of which EU is for their members.

tdgeek
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  #1579828 24-Jun-2016 20:59
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shk292:

tdgeek:


Aside from today, where to from here? I gather the strength of the EU is that its a FTA region. So will the UK now have tariffs imposed in due course? I read an article today that NZ's heady years in the 70's were helped by UK trade. Might that happen? 



Ever heard of the WTO?  I think the days of punitive trade tariffs are long gone, regardless of their status as damn good scare tactics



If that's the case wh are there FTA's? Tariffs are not always punitive they can be mere sales taxes, that give advantage to non preferential suppliers. If they didn't exist there would be no FTA of which EU is for their members.

ajobbins
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  #1579876 24-Jun-2016 22:15
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eracode: The Governor of the BoE has just given a very statesmanlike speech an d that has immediately stabilised the markets somewhat - more particularly the equities markets which have rebounded off their opening lows. 

 

Was listening to him on the radio. Strange listening to his talk about the Bank of England in his Canadian accent.





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Fred99
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  #1579881 24-Jun-2016 22:27
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ajobbins:

 

eracode: The Governor of the BoE has just given a very statesmanlike speech an d that has immediately stabilised the markets somewhat - more particularly the equities markets which have rebounded off their opening lows. 

 

Was listening to him on the radio. Strange listening to his talk about the Bank of England in his Canadian accent.

 

 

 

 

There's only one thing that the markets wanted to hear - that the Bank of England is ready to throw 1/4 of a trillion pounds in (which they can't afford) to prop up the UK markets.

 

All that's going to achieve is to delay the inevitable.

 

 


 
 
 
 


Fred99
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  #1579884 24-Jun-2016 22:44
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tdgeek:
shk292:

 

tdgeek:

 

 

 

Aside from today, where to from here? I gather the strength of the EU is that its a FTA region. So will the UK now have tariffs imposed in due course? I read an article today that NZ's heady years in the 70's were helped by UK trade. Might that happen? 

 

 

 

 

 

 

Ever heard of the WTO?  I think the days of punitive trade tariffs are long gone, regardless of their status as damn good scare tactics

 



If that's the case wh are there FTA's? Tariffs are not always punitive they can be mere sales taxes, that give advantage to non preferential suppliers. If they didn't exist there would be no FTA of which EU is for their members.

 

 

 

There are non-tariff trade barriers - so it's not just a case of duty rates, but quotas and other means used to limit market access, some of which are transparent, some of which are based on BS.

 

WTO has been a waste of space for a decade.  If it worked, then NZ wouldn't have needed to negotiate bilateral and multilateral trade agreements.

 

Sentiment/will to want to make it work plays a part.  I'm not sure why Europe would want to continue to offer favours to the UK, as the UK actually doesn't produce much they'd want to import anyway - and the UK has just poked them in the eye.


Fred99
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  #1579886 24-Jun-2016 22:49
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One anecdote from this evening - which I spent with friends from the UK who'd arrived here from the UK to work on the Chch rebuild.  They have two adult children living in the UK, both educated young working professionals.  Both sent message independently tonight - they're moving to NZ ASAP as they no longer wish to live in a UK out of Europe.  They will get NZ residency - UK's loss, NZ's gain.

 

 

 

 


Batman
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  #1579889 24-Jun-2016 22:54
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In other words, even higher house prices in NZ





Involuntary autocorrect in operation on mobile device. Apologies in advance.


Geektastic

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  #1579891 24-Jun-2016 23:01
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Fred99:

 

One anecdote from this evening - which I spent with friends from the UK who'd arrived here from the UK to work on the Chch rebuild.  They have two adult children living in the UK, both educated young working professionals.  Both sent message independently tonight - they're moving to NZ ASAP as they no longer wish to live in a UK out of Europe.  They will get NZ residency - UK's loss, NZ's gain.

 

 

 

 

 

 

 

 

Oddly, the reverse scenario is one reason we moved here long ago.

 

Of course, Winston might decide that they are immigrants come to buy up houses or something....






Geektastic

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  #1579892 24-Jun-2016 23:05
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eracode:

 

tdgeek:

 

eracode:

 

MikeB4:

 

networkn:

 

MikeB4:

 

David Cameron has announced the decision will be honoured as it should be. 

 

 

 

 

Ugh, I feel he has failed as the leader of the UK (he has not shown leadership). I know you won't see it as that.

 

 

 

 

On the contrary he has shown honourable leadership. He is following the will of the country and will work to bring this about for the best outcome possible. That is leadership.

 

If you want a democracy you must follow the will of the people, if you don't then have a different form of government. The Beehive could take some lessons from this.

 

 

Agree with all of this. Only problem is that he has not stepped aside immediately which prolongs some of the uncertainty that markets dislike. Thought his concession speech was quite statesmanlike under the circs.

 

(If anyone wants to follow this on radio, as I am, I can recommend a London-based newstalk station, LBC, streams on the 'net. Excellent IMO).

 

 

 

 

Cant really do that. Here, the losing Govt honours supply (paying bills, day to day stuff) so there is no disruption. Cameron resigned, he will work with his replacement to ensure as much non disruption as possible.

 

 

Ah - OK. But aren't you talking about a change of government versus a change of leader. I would have thought Cameron could have stood down immediately if he'd wanted to? 

 

 

 

 

He could but the process for selecting his replacement is lengthy. He probably feels that riding off into the sunset and leaving the ship rudderless is unlikely to result in anything remotely helpful.






Fred99
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  #1579893 24-Jun-2016 23:05
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Geektastic:

 

Fred99:

 

One anecdote from this evening - which I spent with friends from the UK who'd arrived here from the UK to work on the Chch rebuild.  They have two adult children living in the UK, both educated young working professionals.  Both sent message independently tonight - they're moving to NZ ASAP as they no longer wish to live in a UK out of Europe.  They will get NZ residency - UK's loss, NZ's gain.

 

 

 

 

 

 

 

 

Oddly, the reverse scenario is one reason we moved here long ago.

 

Of course, Winston might decide that they are immigrants come to buy up houses or something....

 

 

 

 

Mot sure what the reverse of the anecdote I gave could be?

 

Arrived in NZ as uneducated, old, unemployed, manual workers - who didn't want to be part of Europe?

 

 


Fred99
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  #1579895 24-Jun-2016 23:07
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Geektastic:

 

eracode:

 

tdgeek:

 

eracode:

 

MikeB4:

 

networkn:

 

MikeB4:

 

David Cameron has announced the decision will be honoured as it should be. 

 

 

 

 

Ugh, I feel he has failed as the leader of the UK (he has not shown leadership). I know you won't see it as that.

 

 

 

 

On the contrary he has shown honourable leadership. He is following the will of the country and will work to bring this about for the best outcome possible. That is leadership.

 

If you want a democracy you must follow the will of the people, if you don't then have a different form of government. The Beehive could take some lessons from this.

 

 

Agree with all of this. Only problem is that he has not stepped aside immediately which prolongs some of the uncertainty that markets dislike. Thought his concession speech was quite statesmanlike under the circs.

 

(If anyone wants to follow this on radio, as I am, I can recommend a London-based newstalk station, LBC, streams on the 'net. Excellent IMO).

 

 

 

 

Cant really do that. Here, the losing Govt honours supply (paying bills, day to day stuff) so there is no disruption. Cameron resigned, he will work with his replacement to ensure as much non disruption as possible.

 

 

Ah - OK. But aren't you talking about a change of government versus a change of leader. I would have thought Cameron could have stood down immediately if he'd wanted to? 

 

 

 

 

He could but the process for selecting his replacement is lengthy. He probably feels that riding off into the sunset and leaving the ship rudderless is unlikely to result in anything remotely helpful.

 

 

 

 

Rudderless and wallowing is inherently safer than steering straight into rocks.


Finch
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  #1579902 24-Jun-2016 23:50
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Can somebody please tell me what this means for NZ?

 

Should I be shopping on some specific websites for some bargains?


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