John B

Yes for once I agree with you Osborne was an extremely poor Chancellor causing suffering to millions who voted for LEAVE whilst making the Super Rich even more Super Rich. The Super Rich have so much money squirreled away which is not being invested to give people jobs so that the future is not good it would have been better to give much of this money to you and me who would spend it increasing GDP production and productivity instead of lieing in a bank receiving only a little interest. We never needed austerity we needed investment and a huge effort to get in the taxes we should have received from companies and individuals who avoided them and taxes on bonuses from the bankers who caused the Global Crash. Osborne did not follow Darling's Plan he did meet the figures set out by Darling who would have invested more in infrastructure and housing so the economy would be in a better shape now as currently it seems to be based on foreign investment in property and personal debt. However BREXIT has caused uncertainty as economic figures show with our economy slowing and growth cut so coupled with your comments on the poor state of the economy because of Osborne we are not in a good shape. But BREXIT is the straw that broke the camel's back which has seen the pound drop from $1.60 or so to $1.27 and the serious reduction in UK and foreign investment This will ultimately lead to inflation more unemployment and less disposable income. We only joined the EU because of its economic advantages in the 1970s so we will be left with economic disadvantages when we leave. Some people and companies will of course flourish in the new order but unfortunately most will not Perhaps we will now adopt Ed Balls economic plan for growth and equality as Osbornes plans are consigned to the dustbin of incompetence and history Of course the finances have every chance of improving Yes he will blame Brexit for his failings

Probably May voters will vote for Gove in the second round to get Gove into second place. But that said Leadsome is an awful candidate for PM

With the dire warnings coming from every reliable economic authority that our economy is now a basket case again we truly have got our country back to where it was in 1973.

Very True but still a nasty racist campaign from him which even his only MP was ashamed of. Without Bonking Boris the serial liar and Mr Gove the apparent drunk serial back stabber I doubt Farage would have been successful he was not even in the official LEAVE Campaign Not sure Andrea is going to be that good [Leadsom’s] one-year stint from 2014-15 at the Treasury as City minister was seen inside 1 Horseguards Road as ‘a disaster’ by one official. ‘She was the worst minister we’ve ever had.’ Unlike Ms May, she has also not held down a cabinet job. Ms Leadsom’s allies say that Mr Osborne blocked her promotion to the cabinet and after the last election the chancellor asked for her to be moved out of the Treasury. She was transferred by David Cameron to the energy department. ‘She found it difficult to understand issues or take decisions,’ said another Treasury official. ‘She was monomaniacal, seeing the EU as the source of every problem. She alienated officials by continually complaining about poor drafting.’ She also seems to have off shore accounts and appears as an ex banker a tax advoider as well

Mines on Nigel Farage

Leadsom was moved from the Treasury because she was useless according to the FT but I dont think she is experienced enough and seems a bit too right wing May is experienced but pretty boring Gove is a serial back stabber apparently Fox will be knocked out tomorrow Forgotten the name of the other Just like Labour no one stands out What do you think

Yes BREXIT has not only has ****ed our economy it is likely to **** many other countries too

Yes he did to capture the LEAVE Tory members

I expect the EU Trade Commissioner knows what she is talking about but whatever happens as the EU is democratic all other 27 members have to ratify the trade deal after they agree it but why would they start with a trade deal if the UK was trying to get some deal on the single market? Of course if the single market deal does not happen then a trade deal will have to take place I am not an expert on Trade Deals I dont know if you are but they do take a long time from what I see as he EU is in charge on trade policy. Trade negotiations with non-EU countries are conducted by the European Commission on the basis of a negotiating mandate from the member countries' trade ministers.

Why should there be no austerity budget what makes you think that. Do you think that the Government since 2010 has not done a good job as Osborne has had loads of austerity type budgets reducing the size of the state and causing many to vote LEAVE as there living standards have not risen much but the top few percent have If there is a slowing of the economy due to people like vote for OUT what should be done to get the country's finance under control it is highly likely this will happen as described in project Fear. I think asking the hopefuls what their immediate plans for the economy is the most important thing at the moment otherwise the things you mention may not happen but I think all of the four will have your concerns under control but not today's economy. Carney cant do much more so it will be up to Politicians to stimulate the economy

Just because he is not going to be PM in September surely does not mean he did not join BREXIT to enhance his chances of being PM which he clearly did

Who is going to be Gove or May? Wont be Bonking Boris the Serial Liar I would have thought

I think you will have to wait until November before the post BREXIT budget when we have a new PM and Chancellor and the OBR see how much tax revenue will be lost this year and what the figures for growth are for the future. If they are less than what was expected in April which is highly likely taxes will have to be raised or public spending cut GDP figures for the first three months of the year were less than expected due to the concern of BREXIT and the next figures come out at the end of July for the second quarter of the year It will not be until the end of October that we know the figures for the first quarter of BREXIT so that is another reason I think you will have to wait until November for the budget. Of course they could stimulate the economy like Labour did after the Banking crash in 2008 by reducing VAT and increasing investment but that will increase borrowing and this Government has passed a law probably for political reasons to ensure that the budget is balanced by 2020. I think Lamont stimulated the economy after the Tory ERM crisis and that worked quite well as money was paid back by 2001 when Labour were in power after two of the very few years the budget has ever been balanced. With this potential Financial Crisis and the one in 1992 I feel that the Tories are not that good with the country's finance

I keep hearing the EU needs reforming I say it myself but what do you think needs reforming apart from the CAP but even with that I dont know what needs to happen. However I do know the UK needs reforming Austerity needs to stop there needs to be more houses built there needs to be more investment in infrastructure and public services better productivity less exploitation of people in lower paid jobs and more tax collected from tax dodgers and multi national countries. These are things which are in the hands of the UK government nothing to do with Europe although most of Europe could do the same

I think most OUTERS with any economic knowledge that of course does not include Farage think the consequences will be horrific so are not taking your advice It is the foreign investment which is key because if it continues as it has your scenario is probably correct but if it is not there is less employment being in the single market is key I just cannot emphasise it enough it is the largest single market in the world and will grow even when we leave. I knowit is exhilarating to win: to sit up in the palm tree, survey the turmoil below and feel a sense of empowerment. After a while though, a palm tree is an uncomfortable place. It’s easy to poke holes in the status quo. It’s easy to promise people the moon (assuming one has the requisite pragmatic attitude to telling the truth). But now the Leave camp must lead both its supporters and the British people as a whole down from the palm tree. The problem is there is no ladder. More fundamentally there is no clarity whether to go North, South, East or West of the tree. So far all the Bexiteers have managed to do is to own up that many promises will remain unfilled. But that will have to change soon. Otherwise, like a coconut, one simply falls out of the tree.

Yes we have got control back MP Nigel Evans has admitted immigration will not fall significantly as a result of Brexit, claiming the referendum result only means “control” rather than a reduction in numbers. The Conservative MP told BBC Radio 5 live there had been “some misunderstanding” about the consequences of Brexit on immigration. When asked to say if migration to the UK would fall significantly now the country was leaving the EU, Mr Evans answered: “No." That will please many no doubt http://www.independent.co.uk/news/uk/home-news/brexit-immigration-uk-nigel-evans-eu-referendum-latest-news-what-will-happen-migrants-a7104021.html

I feel sorry for him some of the passing was rubbish

Out of Europe twice in a week must be record

What would you do if you thought the will of the people was a dangerous leap in the dark and obtained by deception and does not have a credible economic plan I think it probably is a dangerous leap in the dark but as I am 70 I will not have to suffer for very long the problems with the leap but my children will so bring it on whatever it is

I think if Cameron thought that the LEAVE had won fairly without promising impossible things and lied about him personally he may well have continued further as PM. allthough perhaps not as he he knows being out of the EU is going to lead to a recession. Even though I think him incompetent untruthful and arrogant I am not cheering about his departure.

Do you think it is right that Scotland has voted to remain but is now out of the EU The LEAVE team dont seem to have have no plan at the moment and are retracting that £350000 per week is to be spent on the NHS They are saying that there is going to be a recession but it is nothing to do with BREXIT and there probably will not be a reduction of immigration from the EU. I wanted REMAIN but LEAVE won so they should get on with it and get us out of the EU but others think it will lead to serious problems especially as voters may have been completely misled by LEAVE leaders on the points mentioned above. But they seem like a fair number of LEAVE voters that perhaps LEAVE was not a good idea especially as Boris could have easily been on the REMAIN side but went LEAVE as it may have enhanced his position to become Tory leader. Interesting times as Labour have no credible leader to take over from Corbyn who is a decent man with a social conscience but should never have become leader of the party

The result is accepted but there are consequences of it so lots of people are worried You are not because perhaps you do not understand the economic situation we find ourselves in today it is not a criticism but if you dont follow these things like I do you will not know Like you I follow the Saints avidly since 1962 but I also follow economics as I did it at school at the same time and politics as I really liked Harold Wilson a Huddersfield Town supporter by the way I have just read this which interests me The ratings agency Moody’s has lowered the outlook for the UK’s credit rating from stable to negative amid what it said would prove a prolonged period of uncertainty following Britain’s vote to leave the European Union. Moody’s said the unpredictability of British decision-making had factored into its move, as had the likelihood of lower economic growth that it said would outweigh any savings the UK might hope to get from not having to contribute to the EU budget. “Over the longer term, should the UK not be able to secure a favourable alternative trade arrangement with the EU and other countries, the UK’s growth prospects would be materially weaker than currently expected,” the agency’s note said. Standard and Poor’s has also warned Britain’s top “AAA” credit rating was now at risk. Britain’s vote on Friday to leave the EU has sparked widespread turmoil and uncertainty, forcing prime minister David Cameron to resign and wiping more than $2tn of value from markets around the world. An austerity budget was never ever going to happen after BREXIT because as usual Osborne's econimics would have led us to sure recession however he was clumsily trying to highlight that after BREXIT GDP would reduce and there was going to be blackhole in the finances of the country. But there are other ways apart from austerity to fill the black holes which the next right wing Tory Government will have to fill as well as funding the NHS. There is also the Political Law supported by Gove Grayling Johnson IDS Patel etc which commits the governmentto balance day-to-day spending by eliminating the structural deficit sometme soon to navigate around I cannot remember the exact date because it is always changing as Osborne's policies continually raise the debt of the country Some cause for thought With hours of the result on Friday morning, the Ukip leader, Nigel Farage, had distanced himself from the claim that £350m of EU contributions could instead be spent on the NHS. On another front, Liam Fox has cast doubt on the necessity of triggering the article 50 clause of the Lisbon treaty that sets out the legal process for a country’s EU withdrawal. “A lot of things were said in advance of this referendum that we might want to think about again and that [invoking article 50] is one of them,” said the Conservative MP. Tory MEP Daniel Hannan told the BBC: “Frankly, if people watching think that they have voted and there is now going to be zero immigration from the EU, they are going to be disappointed which probably means there is still going to be a lot. PS I distrust most Tory Politician with a passion as well as ones from other parties but really like Caroline Lucas

I doubt that Out would win if there was another Referendum in 2017 as people will be poorer there will be more unemployment possibly a small recession and promises not acted upon. But we are where we are so we will have to make the best of it but there will consequences with Law firms will be making a packet

I agree nobody really knows but money has been lost the FTSE250 which contains more British companies than the FTSE100 as it contains many US companies who report profits in Dollars are happy with the 7% fall in the pound dropped 7% as did many European and Asian Stock Markets. The UK has had its credit rating outlook downgraded to "negative" by the ratings agency Moody's after the country voted to leave the EU. Moody's said the result would herald "a prolonged period of uncertainty". But only time will tell Yesterday was a bad day lets hope next week is not a bad week as each and everyone of us will become poorer if it is This explains what happened yesterday on the Stock Markets http://www.taxresearch.org.uk/Blog/2016/06/25/when-do-you-decide-its-time-to-worry/

Congratulations Duckie on your win I know how it feels when you achieve something that you want I wanted to Remain but not as desperately as you wanted to Leave But dont be nasty to people with opposite opinions I think analysis will show that most people of working age voted remain and those over sixty voted out so loads of people work in and around London but many are not well off as they pay high transport and housing costs and work for foreign companies like my daughter and are worried that they will move to mainland Europe.. Of course the austerity setup by the Tories caused a great deal of resentment which I fully agree with but I cannot see the Tory party addressing that . I want to see a fairer and equal society and I am like one of those nice Remain tellers you met last night so lets have a constructive conversation of how we want to move forward and what society we want we live in changing times globalisation climate change huge refugee problems poverty inequality intolerance and the key one for me how to manage an aging population as I am 70 years old but hope to survive for many years to come like all my friends and associates. As a former member of the Labour Party I know it was what they want to happen not policies formulated by focus groups like New Labour but polices formulated by the grass roots. PS who is going to pay for my extra diesel cost as prices go up and I see I may have lost 10% on my holiday euros