sábado, 25 de junio de 2016

Petitions for 2nd UE Referendum Crash House of Commons Website

On Friday a government website saw an “exceptionally high” number of visits as hundreds of thousands of signatures were added to a second referendum e-petition in the wake of Britain’s leave vote.

House of Commons spokeswoman earlier said the site had temporarily been taken out of action due to “exceptionally high volumes of simultaneous users on a single petition, significantly higher than on any previous occasion.”

By Saturday morning, more than ...
 10 times the number needed for the issue to be raised in parliament.

The petition, set up by William Oliver Healey, states: 

“We the undersigned call upon HM government to implement a rule that if the remain or leave vote is less than 60% based on a turnout less than 75%, there should be another referendum.”

On Thursday, 51.9% of voters opted to leave the EU, and 48.1% voted to remain part of the bloc.

A map of the petition’s signatures indicated that most activity was in England’s major cities. The highest number of signatories came from London, where most boroughs backed remain in the referendum.

The parliamentary petitions system is overseen by the petitions committee, who consider whether petitions that receive more than 100,000 signatures should be raised in the House. The committee is due to sit again on Tuesday.

Even More:

The surge came as nearly more than 100,000 people signed another petition calling on London’s mayor, Sadiq Khan, to declare the capital independent from the UK and apply to join the European Union. The same applies for Scotland, North Ireland and Gibraltar.

The Change.org petition had gathered more than 100,000 signatures by Saturday morning. The page, set up by James O’Malley, stated: “London is an international city, and we want to remain at the heart of Europe.

Barrel Hunt

viernes, 24 de junio de 2016

What happends now? After the Brexit...

It’s official — U.K. voted to leave the European Union. There’s a sense of shock after opinion polls suggested voters would reject a Brexit.

Main Consecuences:

- The stock markets sold off sharply at the open, with British bank shares taking a particular hit.

- The pound is on a downward trajectory.

- British Prime Minister David Cameron announced his resignation this Friday morning, saying the negotiations for withdrawal from the EU should be carried out by a new leader (his replacement will be selected by October).

But there is more:

Scots vote to remain, so now Scotland would be taken out of the EU "against its will" and this could be the trigger for another independence vote.The same thing with North Ireland.

As the Article 50 two-year deadline approaches after the vote to leave. But they also reject the two-year timetable for exit, saying the government should aim to complete negotiations on a new EU-UK trade deal by 2020.

So the UK trading with the EU would involve exporters being hit by import taxes, or tariffs most likely.

To sum it up

“This a complete disaster but this was expected. Now we have political uncertainty, economic uncertainty, consumer confidence may crash even further and the property market may be hit even harder,” said Naeem Aslam, Chief market analyst at ThinkForex.