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Showing posts from June 24, 2016

Brexit: 6 ways Britain leaving the EU will affect you

However, the pound is already falling on the foreign exchange markets. The markets think that Brexit is bad for the economy, and so investors are likely to want to move their money out of the UK.
More expensive foreign holidays

The Prime Minister will probably say that the Government stands ready to do whatever it takes to protect the British economy, but there are limits to what it could actually do. George Osborne’s threat to bring in an emergency Budget would probably be downplayed until the effects of the Brexit vote become clearer. 

In the meantime it will be up to the Bank of England to intervene in the foreign exchange markets – by buying pounds – to try to stabilise its value.

The first practical effect of a vote to Leave, therefore, is that the pound will be worth less abroad, meaning foreign holidays will cost us more.

No immediate change in immigration status

The Prime Minister will have to address other immediate concerns. He is likely to reassure nationals of other EU countrie…

David Cameron resigns: Prime Minister announces he will step down after UK votes for Brexit

David Cameron has announced he is quitting as Prime Minister after Britain voted to leave the European Union after a nearly half a century.

In a statement outside Downing Street, and with his wife by his side, Mr Cameron said that it was “not right” for him to be “the captain that “steers the country” in a new direction.

With his voice breaking, he said: “I Iove this country and will do everything I can to serve it” but he added “the will of the British people is an instruction that must be delivered.”

Mr Cameron said he would stay on while a new Tory leader was elected but expected that he would gone by the time of the Conservative Party Conference in October.

“We must now prepare for a renegotiation with the EU. Above all this will require strong determined and committed leadership.

“I think the country requires fresh leadership to take it in that direction.”

Importantly Mr Cameron said he would not invoke Article 50 of the Lisbon Treaty that will start the process of Brexit – leaving tha…

Iraqi forces kill 48 ISIS members north of Ramadi

( al-Anbar – Commander of Anbar Operations Command, Maj. Gen. Ismail al-Mahalawi, on Thursday announced about the killing 48 ISIS members north of Ramadi.

In a brief statement, al-Mahalawi said, “The Air Force Aviation, Army, Police and the Anti-Terrorism Directorate managed to kill 48 ISIS members at Zankoura north of Ramadi,” further adding, “The forces managed to destroy mortar detachments and nine (9) buildings where terrorists were hiding.”