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MG MGA - BRITAIN BAILS OUT OF EU

Britain bailed out of the EU!!! I suspected they would. The vote was 48.1% to 51.9%

The British Pound Sterling has dropped to $1.3652, the lowest I have seen it since 1997

Cheers

Gary
79 MGB
gary hansen

An absolute disaster. I worry about the way the UK may go. Huge uncertainty a step into a very unknown future. PM resigns as he had to and had he had the sense to let Parliament resolve the issue we would have had some certainty of a future in Europe.

We now have a very difficult future ahead in the UK. Scotland will go for independence, Ireland may push for a united country.

As to our cars - more expensive to run and purchase and the loss of jobs and falling of savings could lead to folk being forced to sell their MGs.So there could possibly be a flood of cheaper cars on the UK market.

All the best
Jerry
Jerry Birkbeck

At least parts from the UK will be cheaper for us in OZ.
Gary Lock

t one point the pound fell to its lowest level against the dollar since 1985!

Neil MG

That's my supercharger out of the window!

All this EU stuff has blurred my vision about the future, so tomorrow I go under the knife to have a new multi focus (varifocal) lens inserted in my left eye. Perhaps all will then become crystal clear and a bright multi-coloured future will dawn.

Steve
Steve Gyles

The sun is shining here...

Good luck with the op Steve; don't pull the black and yellow whilst in the chair.

Shane
Shanerj

Thanks Shane. May be on Sunday I will also be able to read my temperature gauge more accurately!

They are not wasting any time with the Channel Tunnel.


Steve

Steve Gyles

Good Luck Steve with your op. Like the picture. Lets hope the fat controller dosn't get stuck in the tunnel.
Cheers Brian
Brian Paddon

Had my eye opened up yesterday, Steve. Didn't know you could have a varifocal, though. Is that an NHS offering?
Nick and Cherry Scoop

Steve,

Very best wishes for the op outcome.

Reminds us all of what really is important.

You will probably be able to watch, with balanced (lol) vision, your beloved English rugby team flog us again!!

Regards
Roger
R Taylor

Nick

Hope you are doing fine. The MF lens was offered to me as a private patient. Apparently not available on NHS. It was a supercharger or new eye, so unfortunately went for the eye. Now with the dollar price I think the supercharger won't feature for a good while yet.

Roger, for me I was happy to be in Europe but not ruled by Europe in the way it has been going in recent years. There are another 17M opinions out there. I think this is just the start. A number of other countries have been watching very closely and have similar views to the 17M in the UK. Stand by major upheavals in the coming months.

Steve
Steve Gyles

If the immigration issue hadn't boiled over I doubt that it would have happened...the election of a Muslim mayor in London convinced me a month ago that Great Britain wasn't long for the EU.
Gene Gillam

I'm proud of the U.K., it can now remain a country, enforce it's own boarders and security without being dragged down economically by the upside-down continental countries.
From across the pond, we love you Blokes, God Bless You going forward.
Steve Meline
SAM Meline

Great words Steve. Thank you.

Steve
Steve Gyles

Good luck with your op today Steve - I'm sure it will be great when it's done.
EU was a great idea for Free Trade but the bureaucracy of it is like a giant dinosaur - did you know that they swap the HQ between Brussels and Strasbourg every 6 months at huge cost just to appease the French. The whole thing is knackered - just ask the Greeks - and Spain is not far behind them with 25% youth unemployment.
Cam Cunningham

Looking forward to hearing about the VF lens, Steve.

I've been left with a huge air bubble in my eye, which is interesting. I now have a built-in spirit level (for about a week only, I hope). Being driven home from the hospital yesterday, I could detect the slightest bend in the road by the tidal movement.
Nick and Cherry Scoop

So, in 1940 we saw off the likes of Junkers in the Battle of Britain while the rest of Europe came under German rule. Seems history has sort of repeated itself and we have seen off the likes of Junckers. Backs to wall and all that......tally ho.


Back home. All seems ok. Vision will be blurred til anaesthetic wears off tonight but already it's no worse than the old eye. Local anaesthetic. Blasted the old eye lens with ultrasound to break it up; vacuumed out the bits; inserted new lens folded and let it unfold once in place. Did not hurt but did not enjoy the procedure as there was the question at the back of the mind (as the lens disintegrated) will your sight come back. First vision was like an old black and white TV picture with reception fading in and out, and immersed in water.

Steve
Steve Gyles

Is this what we call cataract surgery in the USA, Steve?
Gene Gillam

Gene. Yes.

A legal challenge is being raised about the referendum. We have a system that if 100,000 or more people object about anything it has to be debated in Parliament.

See this link: https://petition.parliament.uk/petitions/131215

More than 2.3M signatories so far.

Steve
Steve Gyles

Buyers remorse? I wonder if this is why people get discouraged and stop voting. After all a decision was made and now the losers want a do over? Reminds me of the Python sketch in Ypres,Well we had better do it again,there has obviously been a bit of of a muddle. Best of three?

gary starr

The world is rapidly devolving into a "minority wins" mentality.
Gene Gillam

Interesting quote circulating: "America and Britain ate having a competition on who can xxxx themselves up the most. Britain is in the lead but America has a trump card".

Steve
Steve Gyles

That's a good one Steve :)
gary starr

Steve...how's the eye doing. I had a corneal transplant a year ago and I'll be following it up,shortly with cataract surgery...maybe I'll finall be able to see out of the eye again.

Gene
Gene Gillam

Gene

Eye is brilliant. Before the op I could not read a number plate with my left eye at greater than 10 feet. I can do it now at about 40 metres and it's getting better.

Trying to get used to the brightness in this brave new world!

Steve

PS. It should be 'are' in my quote, not 'ate'. I may still need reading glasses!!!
Steve Gyles

Great for Steve's eye. I won't comment on the supposed subject of th thread
BUT
Can we please drop thi thread and not start similar ones as it is NOT about MGAs.

Paul
Paul Dean

Could affect us MGA owners who travel abroad though Paul.
Will I soon have to show my passport at "Checkpoint Haimish" when I drive my MGA across the Scottish border?

Colyn
Colyn Firth

Just as important, it will also affect the price of many Moss parts that are imported from the States. Also I guess many Chinese parts will cost more, so it's right across the board.

Typically something like a supercharger could rise from approx 3000 to 3500.

Steve
Steve Gyles

.....but of course there is a positive flip to all this. It makes UK-based classic British cars a more attractive purchase to overseas buyers. Could we see a marked price rise for our cars over here as competition increases among buyers?

Steve
Steve Gyles

Steve
That's only beneficial if you are selling. If you are keeping, higher value just means higher insurance premiums.

An average MGA sells here for 35k USD, a good one for even more. Insurance is based on value, so I am happy for prices to remain stable.

And I too will be happy to stop being asked about Brexit. I personally am having trouble understanding the lemming mentality that decide for something without having worked out the consequences first and having a suitable plan of action. NOne of us would do it in our private lives where we had a direct influence- why do people have such a sense of detachment when it comes to political consequences.
dominic clancy

Dominic, Paul,

This topic has a very obvious subject: "BRITAIN BAILS OUT OF EU"

There is no need for you to have to click on it if the subject matter is objectionable to you. It's not objectionable to me and I find the comments interesting, so why should WE have to stop commenting because YOU don't like the topic? Just skip over it and go to the first mga topic that interests you...I promise I won't write anything here about MGA's.

Gene
Gene Gillam

Glad to hear that your eyesight has improved Steve - now to get back to driving the MGA
Cam Cunningham

The comments above, made since mine, regarding impact on MGAs are clearly fine, e.g. price. In my opinion it is not though the place for purely political comments.

Yes I can ignore this items and only open ones about MGAs but this is an MGA subject areas in a specific MG forum.

Paul
Paul Dean

I see the market has recovered today...no cheap cars coming to the USA, darn it!
Gene Gillam

The markets may have recovered but the pound certainly hasn't! So all the above comments are very much applicable. The cost of classic car ownership in the UK has increased as a result of the vote, even before a formal decision to leave is announced. There is no obvious sign of sterling recovery, or obvious reason why it should, so we will soon start to see the cost increases on the shelf. More worrying is the latest comments regarding keeping a free trade agreement. It seems our politicians are prepared to sacrifice that to limit free movement. That will increase prices in the UK further still.
Bad decisions after bad decisions!
Increased prices without increased earnings will of course reduce spending, which will have a negative effect on the economy and so the negative spiral is set in motion.
The only questions are how bad will it be and how long will it last...
Neil MG

Totally agree Neil. Also, Boris, the ringleader of Brexit pulling out of the leadership required to steer us through the mess he created has not helped and leaves the feeling of betrayal in the country. Its a shame Mr Johnson Snr didn't pull out at the last minute too.

Steve
Steve Gyles

Haha - I see what you did there Steve!!
Cam Cunningham

This thread was discussed between 24/06/2016 and 01/07/2016

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