WOW! In 8 hours people have become experts in global finance and economics. Lets talk facts.

[LurkerJ]

Ka-pi96 said:

John2290 said:
It's like positioning yourself 10 feet from the sun and attempting to argue it's more than just a flat wall of gas. It's too large an issue to judge with so many variables as well as the spite of EU leaders and their decision to make it brutal for Britain as to make an example or not.

On that topic, is that even possible for them? I mean they would have 2 years to negotiate the exit so if they want the UK to leave ASAP then they couldn't be too harsh or the UK would just drag it out. Plus, what happens after the 2 years are up if they can't come to an agreement?

"IF there is no negotiated exit deal within 2 years of triggering of article 50, the UK is out, period. No deal applies. Membership ceases and UK rights under the treaties simply do not apply anymore. This is so UNLESS all 28 unanimously agree to extend the negotiation deadline."

Boris says the UK won't trigger article 50 until late 2017 but as you can tell, EU wants the UK out as soon as possible, I don't think we'll have to wait that long for article 50 to be triggered.

I doubt the voters had been made aware of this little detail, which is why I agree with the remain camp when they say the leave voters had been misled, one way or another.