Indo-UK News and Discussion - April 2013

Kashi · Post by **Kashi** » 24 Jun 2016 10:11

AoA, what a coincidence, this thread reaches 72 just as the Queendom votes to get the F out of EU.

Coincidence? I think not.

vera_k · Post by **vera_k** » 24 Jun 2016 10:17

rahulm wrote:2 big events happening at the same time literally poles apart - Brexit and NSG. The tectonic plates are surely moving.

Have to see how this evolves. If the empire's on the way back, the NSG is of no consequence.

member_22733 · Post by **member_22733** » 24 Jun 2016 10:27

I rise from the pit of my depression to say this to the Britshiters: Thank you from the bottom of my heart.
, you are one step closer to your rightful place.

Thanks for the depression meds today.

Satya_anveshi · Post by **Satya_anveshi** » 24 Jun 2016 10:30

UK, US and most EU countries will certainly be in recession this upcoming qtr.

In addition, I am wondering if there is going to be civil war in UK as a result of this.

KLP Dubey · Post by **KLP Dubey** » 24 Jun 2016 10:31

While I couldn't care less per se about whether the Brits remain in the EEC or not, it is important to note is that the English and the Scots/N. Irish seem to have voted differently. Going forward this should be exploited to engineer a breakup and civil war type situation in Britain. The "Break Blighty" project - a good change from the "Break India" project.

ramana · Post by **ramana** » 24 Jun 2016 10:32

Cameron to.speak anytime now. Gaurdian reporter expects unity speech and resignation as he gambled unnecessary.

KLP Dubey · Post by **KLP Dubey** » 24 Jun 2016 10:32

LokeshC wrote:I rise from the pit of my depression to say this to the Britshiters: Thank you from the bottom of my heart.
, you are one step closer to your rightful place.

Thanks for the depression meds today.

Now why on the lawd's earth should you be depressed ? Did I miss something in da Nukkad ?

member_22733 · Post by **member_22733** » 24 Jun 2016 10:36

I had my own brexit moment with my long term partner.

OT and more on l and m dhaaga when my brain is fixed up.

KLP Dubey · Post by **KLP Dubey** » 24 Jun 2016 10:38

LokeshC wrote:I had my own brexit moment with my long term partner.

OT and more on l and m dhaaga when my brain is fixed up.

Oh OK. You can take a vacation in the UK soon, you will be hailed as a "big spender" there.

rahulm · Post by **rahulm** » 24 Jun 2016 10:39

There were two referendums on Thursday. The first was on membership of the EU. The second was on the British establishment. Leave won both, and the world will never be the same again.

It’s impossible to overstate how remarkable this victory is.

KLP Dubey · Post by **KLP Dubey** » 24 Jun 2016 10:41

http://www.telegraph.co.uk/news/2016/06 ... -to-leave/

While England voted overwhelmingly for Brexit, Scotland and Northern Ireland backed Remain. Statements are expected to be made by Sinn Fein and the SNP later today calling for a breakaway from the Union.

Now if they hold that Scottish independence vote again, you know what the result will be this time around...

member_26147 · Post by **member_26147** » 24 Jun 2016 10:54

UK is going to be split into England + wales vs Scotland + Northern Ireland.

It might even lead to unification of Ireland.

habal · Post by **habal** » 24 Jun 2016 10:54

who cares ?

PratikDas · Post by **PratikDas** » 24 Jun 2016 10:59

Kashi wrote:AoA, what a coincidence, this thread reaches 72 just as the Queendom votes to get the F out of EU.

Coincidence? I think not.

One of the many reasons why I love BRF. So random.

Shaktimaan · Post by **Shaktimaan** » 24 Jun 2016 11:00

The common argument made by the British against Indian independence was "India will fragment into a million pieces if the British leave."

And now the United Queendom is in danger of fragmenting while India is growing stronger and stronger.

KLP Dubey · Post by **KLP Dubey** » 24 Jun 2016 11:01

DhruvP wrote:UK is going to be split into England + wales vs Scotland + Northern Ireland.

It might even lead to unification of Ireland.

That is the most likely situation, obliterating artificial unions and reverting to old borders. Unified Ireland, Scotland, and poor old England with a pecker called Wales.

rahulm · Post by **rahulm** » 24 Jun 2016 11:09

UK may move to Aussie style points based immigration - blow to Pakis. Immigration set to reduce regardless.

kit · Post by **kit** » 24 Jun 2016 11:17

DhruvP wrote:UK is going to be split into England + wales vs Scotland + Northern Ireland.

It might even lead to unification of Ireland.

A Russia would certainly be interested!

Kashi · Post by **Kashi** » 24 Jun 2016 11:18

KLP Dubey wrote:That is the most likely situation, obliterating artificial unions and reverting to old borders. Unified Ireland, Scotland, and poor old England with a pecker called Wales.

If England think that they can negotiate a treaty for Tridents and North Sea oil, I get a feeling they'll be only too happy to see the back of Scotland and NI.

kit · Post by **kit** » 24 Jun 2016 11:19

India should leave the commonwealth and stand for itself ..let the Elephant stand

member_26147 · Post by **member_26147** » 24 Jun 2016 11:26

kit wrote:
DhruvP wrote:UK is going to be split into England + wales vs Scotland + Northern Ireland.

It might even lead to unification of Ireland.
A Russia would certainly be interested!

Not unless there is a referendum in the UK from NATO withdrawal as well.

rgosain · Post by **rgosain** » 24 Jun 2016 11:35

Although this result is cataclysmic it is not unexpected to those of us who have been following the campaign.
In London, the Guardian reading metropolitan elite may no longer be champagne socialists for fear of offending their moslem vote banks or affiliates, but they do suffer from the same chronic group think that afflicts their pseudo secularist NGO-accented English speaking proteges in New delhi, like arundhati and Pankaj.
Both sets of elites are incestuous and non representative of the populations they claim to speak for and the results today and in 2014 have burned them.

member_29328 · Post by **member_29328** » 24 Jun 2016 11:41

http://www.rediff.com/business/report/b ... 160624.htm
Brexit knocks off over Rs 4 trillion from India's stock markets
All the 30 Sensex stocks were trading in the red with some blue-chips like Tata Motors and Tata Steel plunging by over 10 per cent
Playing havoc, UK's vote to exit European Union knocked off nearly Rs 4 lakh crore (Rs 4 trillion) from the investors' wealth in Indian stock markets within minutes they opened for trading this morning.
The total investor wealth, measured in terms of cumulative value of all listed stocks, including that of promoters, fell below Rs 98 lakh crore (Rs 98 trillion) level early morning as reports from the UK showed Britain voting against remaining with the EU block.
This marked a plunge of nearly Rs 4 lakh crore (Rs 4 trillion) from Rs 101.4 lakh crore (Rs 101.4 trillion) at the end of yesterday's trade.
The benchmark Sensex could recoup only a small portion of its early morning loss of nearly 1,058 points despite the government seeking to allay concerns, RBI intervening in forex market with liquidity infusion and some buying by domestic institutions at lower levels.
Sensex was still trading over 950 points down at just above 26,000-mark......
Gautam

IndraD · Post by **IndraD** » 24 Jun 2016 11:42

@Suraj saar
Wales like rest of England voted 52 in and 48 out. It was not split. One thing which was clear from talking to so many Brits is they were connecting Brexit voting directly with immigration and problems it is bringing to them. The undercurrent is anti immigration. Domino effect for sure will follow, with Scot the first to make move in next few years.

Kashi · Post by **Kashi** » 24 Jun 2016 11:44

IndraD wrote:@Suraj saar
Wales like rest of England voted 52 in and 48 out. It was not split. One thing which was clear from talking to so many Brits is they were connecting Brexit voting directly with immigration and problems it is bringing to them. The undercurrent is anti immigration. Domino effect for sure will follow, with Scot the first to make move in next few years.

There's a clear distinction in voting patterns when it comes to age groups. In the 18-24 age group, 75% have voted to remain, in the >65 age group, the Leave votes were 61%.

rahulm · Post by **rahulm** » 24 Jun 2016 11:45

Cameron resigns. Gives himself until October this year.

Suraj · Post by **Suraj** » 24 Jun 2016 11:46

IndraD wrote:@Suraj saar
Wales like rest of England voted 52 in and 48 out. It was not split. One thing which was clear from talking to so many Brits is they were connecting Brexit voting directly with immigration and problems it is bringing to them. The undercurrent is anti immigration. Domino effect for sure will follow, with Scot the first to make move in next few years.

You're looking at overall data. Look at the district-wise breakdown in Wales. It looks very different from with Scotland or NI. Entire districts voted either Leave or Remain. In Scotland, pretty much every district voted Remain, like NI. Wales looks even more fractured than England, where the Remain vote was centered around big cities and pretty much everyone else voted Leave.

The conclusion is that NI and Scotland want out of UK and want to tie themselves closer to EU. Ireland's new windfall from the Brexit will drive NI aspirations. Wales on the other hand seem half convinced they want to stay and half convinced of leaving.

Cameron has resigned. Wonderful. Twitter already has him listed down as the most inept PM in the history of UK. And perhaps the next to last one. Guy barely managed to survive the Scotland referendum once. And now Brexit blows up in his face. Scotland will walk away next time, perhaps by 2020. Spain wants Gibraltar back, now that UK is no longer in EU.

Kashi · Post by **Kashi** » 24 Jun 2016 11:48

Suraj wrote: Wales on the other hand seem half convinced they want to stay and half convinced of leaving.

North and South Wales can have very different views when it comes to certain issues- Welsh pride, Anti-English sentiments, Labour/Tory.

I wonder if the Leave/Remain split in Wales is roughly along the North-South lines.

habal · Post by **habal** » 24 Jun 2016 11:53

So Assad says 'bye-bye' to Cameron.

there indeed is a God.

SaraLax · Post by **SaraLax** » 24 Jun 2016 12:15

SaraLax wrote:
UlanBatori wrote:Lead widening:
41.9% Reporting. Remain:48.9%, 5,819,095
Leave: 51.1% 6,076,476
That's what - 257K votes lead?

Gurus: Why is pound falling if UQ is heading for independence? I would think Oiro should be collapsing?
I believe the Pound is falling because UK is running a 7%+ Current Account Deficit currently and i guess all these days - the govt has been borrowing money to run their welfare state at comfy interest rates due to their presence in EU & as well as having their own currency (unlike the Euro dollars). I think - now the markets will ask for a hike in interest rates being paid on the borrowings by the UK government since this deficit gap is large.

BREXIT is quite bad for EU since it hits them right at their core aim.
Euro $ now needs to start going down.

All the above are good for both British & Euro land exporters - specifically those entities who import less of their product parts (to make their final products) in comparison to their export of finished products. I read somewhere that Tata's JLR's profits will be hit by around 1 billion US$ over next 4 years or so if BREXIT happens. Is it because the US $'s are now more costly or is it because they import a lot of their parts ?.

Hmm ... I didn't know that UK had AAA credit rating ! ... it seems that is now going to be degraded ... !

UK is likely to lose its AAA credit rating ( via http://www.telegraph.co.uk/news/2016/06 ... -to-leave/ )
The chief ratings officer for credit agency Standard and Poor’s says the UK is likely to lose its AAA credit rating.

Moritz Kraemer told the Financial Times: “We think that a AAA-rating is untenable under the circumstances.”

UK government & UK based companies who took loans from outside world may have to now pay more on their interests ... right ?.

I believe the British people have gambled to reboot their country - which means they will have to get off some of the comforts that they are enjoying now and slug it out in a very very competitive world, particularly to regain their lost manufacturing & scientific capabilities. At some point every entity (whether its a country, company or even family) goes through this stage of turmoil & takes efforts to revamp themselves ... giving up on existing things, re-starting in a different manner and attempting to grow into a stronger entity by taking a new path (will take lots of efforts, clarity & smartness over a long term duration to achieve & will have to put up with medium-term 'pain' but at same time it is easy to FAIL if there is confusion & lack of cohesion in the efforts). I guess - UK's immigration policies will be now more focused on allowing in only deserving people who can add value to the growth of their nation and not to every.

Among all current UK politicians - I have always had a favorable opinion about Nigel Farage alone - basically for his straight forward speech, the lack of sickening 'political correctness' in his ideas and the way he zooms right into the central topic sans any beating around the bush even as whole of UK Media was castigating him as a poisonous, racist fellow. Farage has always been losing elections to get elected to British Parliament but funny British folks have always elected his party to represent them in the EU (until now). Check out his epic, hard-hitting, mocking EU Parliament speeches available in youtube - if you can ... they are great to look at. We have a few similar 'Farage' like characters in India too (Subramanian Swamy for one ... but like every other such politician/intellectual ... he can misfire too).

Last time Farage lost his attempts to get elected to British Parliament in 2015 - the members in EU made fun of him on the floors of the EU parliament in Brussels. I can't wait to see how Farage will react now at the EU Parliament in Brussels ... now that his promise to those EU members that he will work hard & wreck the EU in UK has come true !!.

It will be a treat to see his speech at EU parliament.

RajeshA · Post by **RajeshA** » 24 Jun 2016 12:24

Mugambo ati prasann hua!

If I may say so, this issue has been close to my heart since over 5 years - 12th May, 2011 and in fact a thread was created to follow this possibility.

So I say YESSSSS!

IndraD · Post by **IndraD** » 24 Jun 2016 12:31

Wales was one of the beneficiaries of EU funds, small towns in wales got face lift and infrastructure development on EU funds. Wales will be one of the biggest losers of out.

Suraj · Post by **Suraj** » 24 Jun 2016 13:01

The Sinn Fein in Northern Ireland and the Scottish National Party in Scotland are both expected to announce plans today for local referendums to separate from UK and apply individually for EU membership instead. If that happens, it will bring about the dissolution of the 1707 Act of Union.

Remember, that Act of Union was primarily meant to bail out the Scots, who tried to create a rival to the East India Company through the Darien Scheme, which collapsed. The Union enabled the English to recruit the Scots to man their EIC armed forces. One of the earliest catastrophes arising from that union was the 1770 Bengal Famine, caused by the Scot-filled EIC forcing people to grow opium to export to China. This was the first major famine in India, and also the first of several throughout the course of British rule, culminating in the 1942-43 Bengal Famine.

This is a union that happened in order to better plunder India. We live in momentous times to see it come apart in front of us.

nirav · Post by **nirav** » 24 Jun 2016 13:10

Hope the 2nd Scot referendum is held soon enough and that it breaks away.

These developments bring a great amount of joy.
What they predicted for India in 1947 is about to come true for them in 2016.

Alakh niranjan !

chetak · Post by **chetak** » 24 Jun 2016 13:14

Best #Brexit analysis so far.

Hanif KureishiVerified account‏@Hanifkureishi

Fu(k

RETWEETS 100 LIKES 137

9:28 PM - 23 Jun 2016

SaraLax · Post by **SaraLax** » 24 Jun 2016 13:26

nirav wrote:Hope the 2nd Scot referendum is held soon enough and that it breaks away.

These developments bring a great amount of joy.
What they predicted for India in 1947 is about to come true for them in 2016.

Alakh niranjan !

Well - i guess such a break-up would reduce the amount of nasty tricks (am not sure they will completely cease) & sabotage attempts that the UK entities, NGOs & etc covertly & overtly play in our country (whether its the North East or J&K & so on) under the name of human rights/environment/climate change & etc.

Suraj · Post by **Suraj** » 24 Jun 2016 13:29

rahulm · Post by **rahulm** » 24 Jun 2016 13:34

I just watched a few Nigel Farage videos for the first time. The chap is a brilliant orator and compelling to listen to and for all his faults of being British has a terrific sense of sarcastic humour delivered with aplomb and confidence.

It may be, in the long term, he has actually saved UK whatever was worth and possible to save.

Philip · Post by **Philip** » 24 Jun 2016 14:47

The most spectacular goal of the Euro football championships has not been scored by Christiano Ronaldo with his exquisite "rabona" back heel,but by David Ca-Moron with his even more outrageous "own goal"!

The Moron-of-Cam grandly annpunced that he would conduct a referendum on Britain's EU membership and led from the front like a Mediaeval knight in shining armour.Unfortunately for Sir David ,his sidekick Lord Osborne and his army of "Zeros" ,were both outnumbered and outclassed on the battlefield of Britain by the rival forces led by his nemesis,Sir BoJo,aided by Brexit stalwarts St.Theresa of May,Sir Michael of Gove and the court clown,Sir "Nutty" Nigel!

Even a vast army of kilt-clad Scots and Irishmen,fully charged on "Uisque Beatha" and the legions of Londontown could not overcome the "blows of BoJo",the "barrage from Farrage",the "gauntlet of Gove", and were overwhelmed by the ranks of the Brexit "beer-bellies"!

Sir David was humiliatingly upended from his saddle and alas,has fallen upon his sword in antient tradition reported as thus:

"Then sayde Sir David vnto his wapebearer Osborne: Drawe out thy swerde, and thrust it thorow me, that these vncircumcised come not and slaie me, and make a laughinge stocke of me. Neuertheles his wapenbearer wolde not, for he was sore afrayed. Then toke Sir David ye swerde, and fell therin.

Now whan his wapenbearer sawe that Sir David was deed, he fell also vpon his swerde, and dyed with him."

PS: Is this (ye last lyne) also to come to pass?

http://www.telegraph.co.uk/news/2016/06 ... the-world/

EU referendum live: David Cameron resigns after UK shocks the world by voting for Brexit

Who could be our next Prime Minister?
By Kate McCann, Senior Political Correspondent
24 June 2016

Britain votes to leave the European Union
David Cameron resigns as Prime Minister
Who will be our next Prime Minister?
What happens now Brexit is a reality
Pound crashes to 1985 low as sterling falls below $1.35
EU referendum full results and live maps

David Cameron has resigned as Prime Minister after Britain voted to leave the European Union.

It followed a turbulent night with Remain campaigners quietly confident until the early hours when results from Newcastle and Sunderland showed better than expected returns for the Brexit camp.

A surprise victory for a Brexit in Swansea, which was expected to vote to Remain, did little to dampen concerns despite Scotland overwhelmingly backing staying in the Union.

Other votes in Wales began to show a trend towards a surprise Leave vote, particularly in deprived communities.

Cameron's voice breaks during emotional resignation speech Cameron's voice breaks during emotional resignation speech Play! 04:42

Big wins for David Cameron's campaign in London and Oxford did little to allay fears that early predictions had been wrong, as the pound began to tank - down by 6% by around 1pm.

Leave passed the finishing post just after 6am, as it became clear that nothing could swing the vote back in favour of the Remain campaign.

With the Leave campaign securing 52 per cent of the vote, Mr Cameron addressed the nation in an emotional speech outside 10 Downing Street to announce that he would be stepping down.

Statements are expected to be made by Sinn Fein and the SNP later today calling for a breakaway from the Union. London backed Remain but the turnout was lower than expected because of bad weather.

Meanwhile on the market, the FTSE 250 index has plunged a whopping 11.7pc. The index of so-called mid-cap companies had dropped an astonishing 2,017 points to 15,309 in the first few minutes of trading.

Emergency meetings in France and Germany

President François Hollande of France held an emergency cabinet meeting on Brexit this morning in the presence of Pierre Moscovici, the European economy and finance commissioner, Henry Samuel writes.

Hollande also held a 20-minute phone call with Chancellor Angela Merkel of Germany and the pair "drew the consequences" of the vote. He also spoke to European Council president Donald Tusk.

Mr Hollande in recent days has warned that Britain's exit from the EU would be "irreversible" and called for a "relaunch of European construction...whatever the response of the British people".

He is due to travel to Berlin next Monday ahead of a special European summit on Brexit on Tuesday and Wednesday in Brussels.

KPMG issues house price warning after Brexit vote
Tax experts KPMG have issued a stark warning about the state of the UK housing market following the decision to leave the EU.

While the UK won't officially exit for at least two years, uncertainty in the markets in the short term is likely to have an impact on prices and the number of people prepared to buy.

In a statement, Jan Crosby, head of housing at the group said: "As we enter a new phase of uncertainty following the UK’s vote to leave the EU, it is very likely people will put big decisions on hold, and one of the biggest decisions people ever make is a house purchase.

"This means we can expect short term transaction volumes to decrease and to stay deflated for some time – perhaps until next spring.

"The impact on house prices really depends on the house builders’ reaction. It is likely there will be a price drop in the order of 5% in regional UK, possibly slightly more in London, but we are most likely to see a drop in the growth in asking prices rather than pricing, which will likely change less.

"If general economic volatility is high there risks being a larger price adjustment caused by price cutting, creating a moderate downward spiral of pricing. And this will be worse if immigration inflows are materially reversed."

http://www.theguardian.com/politics/liv ... -in-europe

EU referendum live – Boris Johnson prepares to speak after Cameron resigns

PM will hand over to new leader by Tory autumn conference
Pound falls sharply as markets react to shock Brexit vote
Bank of England pledges to ‘take all necessary steps’

Andrew Sparrow (until 8.30am) and Matthew Weaver (now)

Friday 24 June 2016
Salmond says Scotland must now hold second independence referendum
Henry McDonald

First Minister of Northern Ireland Arlene Foster has expressed her delight at the Brexit outcome.

The Democratic Unionist leader said: “I think this is a good result for the United Kingdom. Our nation state has made a clear definition as to where they want to go forward. They backed hope, they backed aspiration, they backed the future potential of the United Kingdom and I’m very pleased with the result.”

Foster said she was “proud” of Northern Ireland although it has to be stressed again that the region actually voted by a majority of 54% to 46 % in favour of remaining inside the EU.

With her partner in government Martin McGuinness, the Sinn Fein deputy First Minister, today demanding a poll on the future of Northern Ireland within the UK, it will be interesting to see how the two leaders will continue to hold together the power sharing government in Belfast.

Here’s a video of Boris Johnson’s car being blocked by cyclists.
Arthur Neslen Arthur Neslen

The Brexit vote has left senior EU climate officials reeling, with shock and depression already mingling with fears that the “dirty man of Europe” may stage a comeback.

Officials will be closely scanning the British political scene for signs of commitment to the Paris agreement, the 2020 climate targets and, above all, the bloc’s carbon market, the Emissions Trading System (ETS).

Committing to stay in the ETS would demonstrate that the new UK government was a sovereign state which can honour international deals like Paris, they say.

Britain is unlikely to renege on an emissions reduction target for 2020 that it has already substantially met. But the country is lagging on renewable energy goals and credible enforcement mechanisms there have just disappeared.

While a mutual interest is seen in “playing nicely” on climate politics, much will hinge on whether other EU states see a new working arrangement as a model for repudiating bloc membership.

Next month’s planned launch of emissions reductions targets for individual states by 2030 is “now in question,” sources say.

In Brussels, the UK has come to be viewed as an ambitious climate actor, which has played a positive role as a channel to Barack Obama’s climate-sensitive US administration. There are some fears of a rightwards lurch that could leave it an offshore environmentally-deregulated zone.

“We all remember the dirty man of Europe,” one senior official said. “He might be on of his way back”.

IndraD · Post by **IndraD** » 24 Jun 2016 14:56

what factored Brexit :

The higher the level of education, the higher the EU support

The Brexit vote overlapped strongly with the UK's older population-pensioners opted out

Working class opted out

Areas with high immigration wanted to stay in the EU

Last year's Ukip vote overlaps perfectly with Brexit support

http://www.telegraph.co.uk/news/2016/06 ... ed-old-an/