We've all been there

[Roger Mellie]

What would be worse is if they only start thinking about implications AFTER the referendum, non story, move along

To be honest, I'm not sure why the BoE are involved as much as they are. We are not in monetary union with the EU and we bailed from the ERM many moons ago. With regards to monetary policy, just what can the EU do to the UK if we leave? I think the answer is sweet FA.

[NickFitz]

To be honest, I'm not sure why the BoE are involved as much as they are. We are not in monetary union with the EU and we bailed from the ERM many moons ago. With regards to monetary policy, just what can the EU do to the UK if we leave? I think the answer is sweet FA.

It's not a question of what the EU can do, it's what the markets can do. If Britain leaves and the international markets don't like that (which they won't), the British economy will be down the drain in seconds, and the BoE needs to have a strategy for coping with that.

[SimonMac]

To be honest, I'm not sure why the BoE are involved as much as they are. We are not in monetary union with the EU and we bailed from the ERM many moons ago. With regards to monetary policy, just what can the EU do to the UK if we leave? I think the answer is sweet FA.

When the Labour government handed them power in fiscal responsibility to set interest rates etc it did become their remit to investigate the impact

[Roger Mellie]

It's not a question of what the EU can do, it's what the markets can do. If Britain leaves and the international markets don't like that (which they won't), the British economy will be down the drain in seconds, and the BoE needs to have a strategy for coping with that.

Just how we coped before this bollocks is beyond me. I mean, just how do Iceland cope?

Oh hang on, as a nation who once ran 2/3s of the Globe, we're now too thick and stupid to make our own way in the world "...in the 21st Century".

You do realise that we could cripple China and India in an instant by abolishing the minimum wage and tax credits. Only the Progressive 'vested interests' will moan by bleating "the NHS".

Take pride in your own country man.

[BlasterBates]

Just how we coped before this bollocks is beyond me. I mean, just how do Iceland cope?

.

NOt very well actually, down the drain

BBC - History - British History in depth: Thatcherism and the End of the Post-War Consensus

Economic decline

During the 1960s and 1970s, the main parties competed to reverse Britain’s relative economic decline. There was a growing awareness that the economic league tables showed that Britain was at the wrong end for figures regarding strikes, productivity, inflation, economic growth and rising living standards.

Virtually all European countries, except for Britain, had so-called 'economic miracles'. Britain was often described as the 'sick man of Europe'. The targets for blame included: failure to invest in new plant and machinery; restrictive working practices and outdated attitudes on the shop floor ('us and them'); amateurish management; loss of markets; and rise of competition.

The Conservative government joined the EC to stop the economic decline.

...and back down the drain is exactly where the UK is heading when it leaves the EU.

[BlasterBates]

Iceland:

2008

Not sure I would want to live in a country where all my savings go down the drain.

I think I would prefer to live somewhere, where a European Union will step in and bail us out.

[DimPrawn]

Iceland:

2008

Not sure I would want to live in a country where all my savings go down the drain.

I think I would prefer to live somewhere, where a European Union will step in and bail us out.

'There will be more wealth confiscation, without a doubt' – Saxo Bank's Lars Christensen - Telegraph

[BlasterBates]

'There will be more wealth confiscation, without a doubt' – Saxo Bank's Lars Christensen - Telegraph

You're right be independent and have your own currency....

like Argentina

http://www.newsweek.com/retirees-set...d-fight-255553

[Roger Mellie]

NOt very well actually, down the drain

BBC - History - British History in depth: Thatcherism and the End of the Post-War Consensus



The Conservative government joined the EC to stop the economic decline.

...and back down the drain is exactly where the UK is heading when it leaves the EU.

Utter tripe, the Heath Govt joined the common market based on their own idealistic and non-war experience views of the damage and destruction WW2 brought to Europe. The plebs which pushed us into the Single Market may have been 'veterans' but they only saw the war AFTER hostilities ended. Read up on Heath's biography, the man was forward thinking with regards to Hitler (being the only British future politician to witness Hitler at the Nuremburg Rallies) but he was dreadfully idealistic and didn't realise that Nuclear Weapons alone would prevent another continental war. ALSO, his negotiations (after the French told us to F off a number of times) were done in secret. We have no idea what was voted for during that referendum, one which has resulted in near political union.

As for the economic decline, you don't seem to realise that it was Labour under Clement Attlee which nationalised the industries, and for what? It was a screw up from the get go. We became the sick man of Europe because of what Labour did after the war, and the immediate winters after nationalisation showed very early on what a BIG mistake nationalisation was to the country. And if you want to know who kicked off immigration, it was Labour after the war with the 1948 British Nationality Act. Labour claimed we had an unskilled labour shortage, yet at the same time they sent home 400,000 German POWs...people who wanted to see Germany rule over Europe.

At least learn your history before quoting nonsense from the Progressive Beeb.

[BlasterBates]

statistics speak for themselves

Eurozone economic growth beat the UK in the first quarter of 2015 | City A.M.

With a BREXIT on the cards looks like the UK will be accelerating down the toilet.