The Death of the Pound? - Page 2

Hi Mal

If only people would speak out. We could get ourselves out of a mess that will last for generations 

Regards

Andyb1208

Hi I'm afraid that isn't my speciality and of course I don't live in England so don't pay TV tax

Andy, even if you got 100,000 to sign the petition it would not make any difference article 50 has been served and Britain will be out of the EU at end of March 2019. The only discussion will be what type of relationship the UK will have after the UK exits.

Article 50 is a notice of intent. It is not irreversible and can be revoked. That is about the only hope for the English pound! Sadly we are being fed rubbish by all the politcians and you and I can only get our news from the carefully censored mainstream outlets.

The  pound is a British currency, but it is controlled only by the Bank of England.

You are right in saying it will never reach 1.55 - 1.60 again until or if the Euro collapses which is possible because of the amount of Sub Prime debt in the Euroland. If major banks in Euroland start going bust, it could result in a domino effect as the European Central Bank is overwhelmed.

According to the EU,  before the Britain invoked Article 50 it was irreversible.

Given that 17.5 million people voted to exit the EU, the British Government can't reverse it even if they wanted, as there would be civil unrest.

I can understand the problem that people have in Spain regarding the Euro/Pound, but I can't see it changing much in the very near future unless an equitable solution is found for free trade between Britain and the EU.

This boils down to who provides your information. You can only express opinion based on what you see and hear in the media. As I said we only get the mainstream material which is of course carefully vetted before transmission. There is a view that a referendum is absolutely binding on the government. I do not share that view. I believe that it is advisory and this is certainly borne out by the various referenda about Europe - notably the Greek one where 62% voted to leave the euro - yet pressure was applied (guess who by) and they stayed. I would also comment that the Brexit referendum was preceded by grotesque misrepresentation of the facts by both sides. The result has at the very least divided the country into bitter factions and it is hard to see how this can be undone. Meanwhile politicians get fat on the chaos. Cameron is cleaning up big time in the USA as I write!

Hi all

Just to confirm that Article 50 can be reversed ( and should be). The German Chancellor and the French President have confirmed that they  wouldnt stand as in the way and the doors are open

In regard, to there would be civil unrest if it was reversed I think not, considering over a quarter of the leave voters would now choose to stay

KR

Andyb1208

I don't know if you were in Britain and able to vote, but each household received a pack of information on the pros and cons of leaving.

Government Quote: The referendum on Thursday, 23 June is your chance to decide if we should remain in or leave the European Union"

Government Quote: "This is your decision. The government will implement what you decide"

The UK voted to leave, in spite of dire warnings about the economy collapsing  immediately, if Britain voted out...which were later discredited

Where have you got the information that 25% of leave voters have changed their minds?

Even if this was true, we would have to re-run every election continually with never ending elections, as most voters will ebb and flow on their decision, until the next election.

As voters were told by the UK government... it was a once in a generation decision.

We could hold another election to re-join the EU in ten years time if people changed their minds in the future.