EU Referendum - The Result - Live (Brexit Referendum Live Thread)

BBC News ^ | 06/23/2016 | BBC News

[goldstategop]

Live coverage of the result of the EU referendum.

This is a live BBC stream starting at 21:55 BST.

[Go_Trump_2016]

"You and your friend are looking only short-sightedly and from a short-sighted economic perspective."

I'm not going to say which company it is as I don't want to spook its investors. However, I will say that they not only manufacture high-tech biological products in England (which are mostly exported) but they also employ a team of postdoctoral level scientists who do fundamental research in addition to product development. Their salaries and the fundamental research projects they do are paid for by EU research grant money as they benefit EU environmental initiatives.

Clearly, leaving the EU will terminate those EU grants unless he moves the entire company to the Republic of Ireland or Scotland (if the Scots leave the UK and stay in the EU). The idea of the British government replacing the lost EU grant money is laughable if the UK economy has contracted by 10% thus resulting in a smaller tax base.

"Your friend has bought into the scare tactics and you have fallen for his failed vision."

He is a very experienced and pragmatic businessman who has worked in biotech companies all over the world. He is not one who is prone to hysteria or panic.

I also worry about the impact Brexit will have on scientific research in the UK university sector, as that also receives EU grant funding and it relies on bringing in scientists/students from the EU and sending their British counterparts out to work in EU labs at short notice often on an ad hoc basis.

[9YearLurker]

And just how much EU grant money does the UK fund?

No matter, however. As your friend is simply a corrupt rent seeker.

[Go_Trump_2016]

I have dual British-American citizenship and I currently live in England and work in scientific research in the university sector. I am, therefore, in the habit of using British spelling.

I support the USA reasserting control over its borders and most of Trump's positions, but I have doubts about the wisdom of Brexit. I hope it works out OK but there seem to be a lot of hidden risks.

Yes, I saw “Brexit The Movie" and I have watched numerous debates and read many articles on the subject too. But it is a complicated issue and I have reservations about Brexit's unintended consequences on the UK economy, especially if the trade negotiations with the EU drag on for years and spook investors.

[Go_Trump_2016]

Show me a private company that can afford to do fundamental scientific research without receiving some government funding.

The point is that if the British economy contracts then the EU grant money cannot be replaced with UK government research funds.

[9YearLurker]

The economy isn’t going to contract. They’re gonna have years between this vote and actually being out the EU—in which time substitute trade deals will be in place.

How can you on one hand be a Freeper and on the other hand have fallen for their Chicken Little logic?

[Secret Agent Man]

Technically it was a nonbinding referendum.

So technically it is possble.

[Go_Trump_2016]

It’s possible as some areas of London were under a couple of feet of water and it is a solid IN area. He also had to suspend all campaigning for a few days when Jo Cox MP was murdered and the Labour Party leader made a very poor attempt to persuade Labour voters to “Remain”. It was bad luck for David Cameron all round really!

[Go_Trump_2016]

"The economy isn’t going to contract. They’re gonna have years between this vote and actually being out the EU—in which time substitute trade deals will be in place."

An alternative trade deal with the EU will not be as generous to the UK (given that the European Commission wants to punish the UK for Brexit).

We will have to see how the negotiations go and how large firms, who mostly invested in the UK because it's in the EU, behave.

[Covenantor]

... as opposed to big firms investing in an islamic overrun Germany, already burdened with enormous welfare costs of nonproductive invaders who are intent on making the entire country unsafe for native born Germans?

I'm just guessing, but suspect an investor would look more favorably on the UK for better odds.

[little jeremiah]

So you’re okay with national sovereignty for the US, but not for Britain. Odd.

[HKMk23]

Took out a bottle of  "Not Your Father's Root Beer" and poured it into a big mug half-filled with vanilla ice cream to make a very celebratory root beer float with some kick.

Stayed with BBC1 live online long enough to look at the Prime Minister deliver the additional good news of his impending resignation; CamExit is it?

It's going to be interesting watching the Scots and North Ireland get this sorted. And then, too, there are rumblings today from countries on The Continent -- EU stalwarts, like France, and The Netherlands -- about possible national EU exit referenda of their own.

Dominoes, anyone??

[SGNA]

Exit poll questions on political ideology say it all:

[sarasmom]

Dominoes indeed.

I'll stick with toasting Brexit with Guinness Stout.

In November, I will have to seriously consider which top shelf scotch is most appropriate...