[Politics] Brexit

[Jim in the West]

Yep, and Britain will become a tax haven as we let income tax slide to guarantee corporations still see us as attractive. Combine that with wealth disparity safeguards disappearing overnight and funding for some of the poorest communities in the land being withdrawn and the gap between the haves and have nots is going to increase to truly unmanageable scales and there is not going to be much of a welfare system to catch those that fall or workers rights to protect those lucky enough to be in work. It's a royal **** up and it's not even begun yet.

My thoughts exactly. Add to that very low (or negative) interest rates causing asset prices to climb - further enriching the "haves". There's an interesting survey of consumer confidence out today. It shows that consumer confidence has dropped by the largest amount since 1994. The interesting bit, though, is that the drop in the North of England is 19 percentage points, whereas in the South it is only down 2 percentage points. So, down here we generally voted Remain, are pissed off that Brexit won, but we recognise (generally) that we are reasonably well off and we'll survive. Our Northern chums, who largely voted Leave, have got what they wanted, but are suddenly realising that disaster is looming, and that life after Brexit is going to be pretty tough. They are the losers!

 

[The Clamp]

My thoughts exactly. Add to that very low (or negative) interest rates causing asset prices to climb - further enriching the "haves". There's an interesting survey of consumer confidence out today. It shows that consumer confidence has dropped by the largest amount since 1994. The interesting bit, though, is that the drop in the North of England is 19 percentage points, whereas in the South it is only down 2 percentage points. So, down here we generally voted Remain, are pissed off that Brexit won, but we recognise (generally) that we are reasonably well off and we'll survive. Our Northern chums, who largely voted Leave, have got what they wanted, but are suddenly realising that disaster is looming, and that life after Brexit is going to be pretty tough. They are the losers!

Interesting but sadly predictable. They really are the eggs that voted for easter.

 

[Soulman]

Cheer up.

"""What a difference in two weeks! Project Fear mastermind Osborne now says City will THRIVE following Brexit and remain the world's dominant financial centre

George Osborne and the Wall Street banking giants which helped bankroll the Remain campaign yesterday issued a resounding vote of confidence in the City of London
In a joint statement with the Chancellor, investment banks including Goldman Sachs, Morgan Stanley and JP Morgan pledged to ensure the City of London remains the world’s dominant financial centre when it leaves the EU""

Britain’s economy has picked up pace despite doom-laden warnings over the prospect of Brexit.

Figures yesterday showed the recovery is in far better shape than feared with industry clocking up its fastest rate of growth for six years.

Industrial production rose by 1.9 per cent in the three months to May, according to the Office for National Statistics – the strongest performance since the three months to May 2010.

And in a sign that Britain can prosper outside the EU, an Indian business leader described a trade agreement with the UK as a deal ‘almost made in heaven’.
Chinese officials have also made encouraging noises, claiming the Brexit vote has made a trade deal with Britain more likely.

The economy looks set to get a further boost next week with analysts saying there is a near 80 per cent chance that interest rates will be cut once again.

Rates have been at a historic low of 0.5 per cent since March 2009, but it is now thought the Bank of England will cut them to 0.25 per cent on Thursday to keep the economy moving.

Talk of rate cuts came as the FTSE 100 index rose 1.1 per cent yesterday and government borrowing costs hit a record low, in a sign that international investors still have faith in the UK following Brexit.

 

[ManOfSussex]

And in a sign that Britain can prosper outside the EU, an Indian business leader described a trade agreement with the UK as a deal ‘almost made in heaven’.

He did. I pointed this out yesterday:

This confuses me - http://www.ft.com/cms/s/0/2e0eb278-4...#axzz4Dk7Qyqy0

Indian business leaders seem to say Brexit is good for Indian business and India and welcomes a free trade deal that could create lots of new jobs in India, but at the same time conceded that Indian businesses in The UK may also rethink in regards to The EU, such as relocating there from here, as well as continuing to operate here. Doesn't seem to mention British jobs though.

This Indian article here, seems to directly suggest that Brexit is good for India but bad for The UK - http://www.ndtv.com/opinion/your-gui...-india-1421554

Good news?
Bad news?
What does they know, they're foreign and probably think they're experts?

 

[The Clamp]

Cheer up.

"""What a difference in two weeks! Project Fear mastermind Osborne now says City will THRIVE following Brexit and remain the world's dominant financial centre

George Osborne and the Wall Street banking giants which helped bankroll the Remain campaign yesterday issued a resounding vote of confidence in the City of London
In a joint statement with the Chancellor, investment banks including Goldman Sachs, Morgan Stanley and JP Morgan pledged to ensure the City of London remains the world’s dominant financial centre when it leaves the EU""

Britain’s economy has picked up pace despite doom-laden warnings over the prospect of Brexit.

Figures yesterday showed the recovery is in far better shape than feared with industry clocking up its fastest rate of growth for six years.

Industrial production rose by 1.9 per cent in the three months to May, according to the Office for National Statistics – the strongest performance since the three months to May 2010.

And in a sign that Britain can prosper outside the EU, an Indian business leader described a trade agreement with the UK as a deal ‘almost made in heaven’.
Chinese officials have also made encouraging noises, claiming the Brexit vote has made a trade deal with Britain more likely.

The economy looks set to get a further boost next week with analysts saying there is a near 80 per cent chance that interest rates will be cut once again.

Rates have been at a historic low of 0.5 per cent since March 2009, but it is now thought the Bank of England will cut them to 0.25 per cent on Thursday to keep the economy moving.

Talk of rate cuts came as the FTSE 100 index rose 1.1 per cent yesterday and government borrowing costs hit a record low, in a sign that international investors still have faith in the UK following Brexit.

Oh I'm sure the bankers will be fine. I'm sure massive corporation owners will be fine. And I'm sure the financial future looks rosy for Osborne and his cronies. It's all the rest of us I worry about.

 

[Green Cross Code Man]

Big thumbs, small phone. Edited for clarity. Trying to score points on phone use is again, unhelpful to the debate.

To be honest, I thought at first that you'd agreed. It was short and succinct. Then it looks as though you thought of another response. Not trying to score points, after all it's only opinions and none of us can change anything by arguing on here anyway. And as for again, I don't know what you are talking about as I doubt anyone can follow all of this huge thread!

 

[Soulman]

Oh I'm sure the bankers will be fine. I'm sure massive corporation owners will be fine. And I'm sure the financial future looks rosy for Osborne and his cronies. It's all the rest of us I worry about.

No change then from when we were in the EU then.

 

[The Clamp]

No change then from when we were in the EU then.

Ha, well yes, except now the funding from the EU that kept some communities afloat will be gone and the deals cut to ensure we keep trading are going to rape the average worker. I'm sure financially we will be okay as far as trading goes but at what cost?

 

[Soulman]

Ha, well yes, except now the funding from the EU that kept some communities afloat will be gone and the deals cut to ensure we keep trading are going to rape the average worker. I'm sure financially we will be okay as far as trading goes but at what cost?

This is what we shall see. The cost may be that instead of getting a rebate of our own money from the EU, then told what we can fund in the communities, perhaps we can use the money that we are not putting in to fund projects of our choice. Just a thought.

 

[The Clamp]

This is what we shall see. The cost may be that instead of getting a rebate of our own money from the EU, then told what we can fund in the communities, perhaps we can use the money that we are not putting in to fund projects of our choice. Just a thought.

Well this is why the Leave campaign falls short on so many levels.Why wasn't this outlined before voting, why weren't these points explained? Anyway, I've been on this thing all day and I really should give it a rest.
Have a grand weekend whatever you're doing.

 

[Jim in the West]

Cheer up.

"""What a difference in two weeks! Project Fear mastermind Osborne now says City will THRIVE following Brexit and remain the world's dominant financial centre

George Osborne and the Wall Street banking giants which helped bankroll the Remain campaign yesterday issued a resounding vote of confidence in the City of London
In a joint statement with the Chancellor, investment banks including Goldman Sachs, Morgan Stanley and JP Morgan pledged to ensure the City of London remains the world’s dominant financial centre when it leaves the EU""

Britain’s economy has picked up pace despite doom-laden warnings over the prospect of Brexit.

Figures yesterday showed the recovery is in far better shape than feared with industry clocking up its fastest rate of growth for six years.

Industrial production rose by 1.9 per cent in the three months to May, according to the Office for National Statistics – the strongest performance since the three months to May 2010.

And in a sign that Britain can prosper outside the EU, an Indian business leader described a trade agreement with the UK as a deal ‘almost made in heaven’.
Chinese officials have also made encouraging noises, claiming the Brexit vote has made a trade deal with Britain more likely.

The economy looks set to get a further boost next week with analysts saying there is a near 80 per cent chance that interest rates will be cut once again.

Rates have been at a historic low of 0.5 per cent since March 2009, but it is now thought the Bank of England will cut them to 0.25 per cent on Thursday to keep the economy moving.

Talk of rate cuts came as the FTSE 100 index rose 1.1 per cent yesterday and government borrowing costs hit a record low, in a sign that international investors still have faith in the UK following Brexit.

Just a word of warning - the fact that the economy performed well BEFORE the Referendum does not mean things are rosy now! And the fact that the BoE will likely cut interest rates is NOT good news. They're only having to do this because demand is weakening dramatically. I'd love to have your optimism, but the examples you quote above are definitely NOT signs of a positive future.

 

[Soulman]

Just a word of warning - the fact that the economy performed well BEFORE the Referendum does not mean things are rosy now! And the fact that the BoE will likely cut interest rates is NOT good news. They're only having to do this because demand is weakening dramatically. I'd love to have your optimism, but the examples you quote above are definitely NOT signs of a positive future.

Warning noted.

 

[nicko31]

Cheer up.

"""What a difference in two weeks! Project Fear mastermind Osborne now says City will THRIVE following Brexit and remain the world's dominant financial centre

George Osborne and the Wall Street banking giants which helped bankroll the Remain campaign yesterday issued a resounding vote of confidence in the City of London
In a joint statement with the Chancellor, investment banks including Goldman Sachs, Morgan Stanley and JP Morgan pledged to ensure the City of London remains the world’s dominant financial centre when it leaves the EU""

Britain’s economy has picked up pace despite doom-laden warnings over the prospect of Brexit.

Figures yesterday showed the recovery is in far better shape than feared with industry clocking up its fastest rate of growth for six years.

Industrial production rose by 1.9 per cent in the three months to May, according to the Office for National Statistics – the strongest performance since the three months to May 2010.

And in a sign that Britain can prosper outside the EU, an Indian business leader described a trade agreement with the UK as a deal ‘almost made in heaven’.
Chinese officials have also made encouraging noises, claiming the Brexit vote has made a trade deal with Britain more likely.

The economy looks set to get a further boost next week with analysts saying there is a near 80 per cent chance that interest rates will be cut once again.

Rates have been at a historic low of 0.5 per cent since March 2009, but it is now thought the Bank of England will cut them to 0.25 per cent on Thursday to keep the economy moving.

Talk of rate cuts came as the FTSE 100 index rose 1.1 per cent yesterday and government borrowing costs hit a record low, in a sign that international investors still have faith in the UK following Brexit.

Will people stopping going on about the FTSE 100, its doing well as largely driven by foreign earnings that are up due to the weak pound. Basically the rest of the world doesn't care about the UK much

The FTSE 250 is a better gauge of the UK, look at banking, insurance, house builders and retail, 30% down or more. Look at Lloyds, RBS, Barratt, L&G. They are pricing in a recession

 

[pastafarian]

I'll stick to the real facts and not the facts from a site called migration watch

what part of their methodology and findings did you not agree with.

EU Migration less than half of all migration - Among the real facts – based on UK government statistics – are the following.
As Mark Harper, the Immigration Minister, said repeatedly on the BBC’s Question Time on Thursday 17 October, according to the Office for National Statistics, less than a third of net migration to the UK in recent years has been from the European Union.

ok,EU migration is around under a 1/2 to 1/3 of all migration
thats not 0.5% though is it

Most immigration is from outside of the EU and of the 0.5% from within the EU 98% pay taxes

Re: Merkels comments about free movement of people:
Mrs Merkel informed the German parliament that she would ensure there was no negotiation "based on the principle of cherry-picking."

She added: "If you wish to have free access to the single market then you have to accept the fundamental rights as well as obligation that come from it.

"This is as true for Great Britain as for anybody else. Free access to the single market will be granted to a country which accepts the four fundamental freedoms of movement of people, goods, services and capital."

you seem to have shifted the goalposts and added in access to the single market
i guess this is a positive as you now realise saying if we want to trade with the EU we have to accept free movement is factually incorrect

If we want to trade with the EU (which we will need to) they have said they will only do it with free movement of people.

Oh and let's not kid ourselves about the main reason of the brexit vote... Foreigners... You pretty picture only shows conservative and labour voters. Where was the UKIP vote?

Hate crimes shoot up: http://www.bbc.co.uk/news/uk-36746763

No it doesnt, The pretty picture showed why people voted with a breakdown of labour voters and conservative voters and also( very clearly marked) OVERALL UK voters
i cant help you much if you cant see something thats staring you right in the face.

The number one issue according to this poll was "the principle that decisions about The UK should be taken in The UK"
You see that and read it as the main issue was foreigners.Says quite a lot about you,how entrenched you are with irrational thinking and how you process information

 

[c0lz]

The government is grabbing the Brexit bull by the horns
Ross Clark
BRITAIN-POLITICS-GOVERNMENT
Ross Clark

While frustrated Remain campaigners continue to speak of economic Armageddon, a very significant move happened yesterday. Business secretary Sajid Javid flew off to Delhi to begin preliminary negotiations for a trade deal between Britain and India. It is significant because this is exactly the sort of deal that we have been forbidden from doing for the past 43 years. As members of the EU we are forbidden from signing our own trade deals with third countries. Instead, we must rely on deals collectively negotiated with the EU.

Trouble is, the EU isn’t very good at negotiating them. It is painfully slow process because the competing demands of 28 different EU economies must be satisfied. What it means in practice is that freeing up markets in services – a strength of the UK economy – tends to take a back seat to freeing the market in Mercedes. The EU started negotiating a trade deal with India in 2007 but still has nothing to show for it. True, it hasn’t stopped trade between India and the EU growing from 28.6 billion Euros in 2003 to £72.5 billion Euros in 2014 – a reminder that life can go on without trade deals. But if it takes more than nine years to agree a mutual deal to drop tariff and other barriers to trade there is something wrong. With India now the world’s fastest-growing economy – at 7.9 per cent last year – the country ought to be a priority.

One of the areas which Javid will want to work on is telecoms. India has already agreed in principle to open its telecoms sector to companies with 100 per cent foreign ownership. Another of particular interest to Britain is insurance, which India has also suggested it will open to up to foreign competition. The outsourcing of call centres by the UK to India has often been depicted as being negative for employment in Britain – even though it has reduced costs and therefore prices for consumers (and it hasn’t stopped UK employment growing inexorably). We should soon see another advantage – insurance and other financial service companies which already have a foothold in India via call centres and other backroom services may soon find very profitable markets there, given India’s rapidly growing middle class.

Whatever people think of Brexit now, attitudes will shift markedly if Britain ends up with a trade deal with India before the EU can manage it. That is, after all, what Switzerland has managed to do with Japan. While the government appears to be preoccupied with a leadership crisis, in dispatching Sajid Javid to India it is showing signs that it knows what it needs to do in order to grab the Brexit bull by the horns.

http://blogs.spectator.co.uk/2016/07/government-grabbing-brexit-bull-horns/

 

[Soulman]

]

Indian business leaders seem to say Brexit is good for Indian business and India and welcomes a free trade deal that could create lots of new jobs in India, but at the same time conceded that Indian businesses in The UK may also rethink in regards to The EU, such as relocating there from here, as well as continuing to operate here. Doesn't seem to mention British jobs though.

"British jobs"
While frustrated Remain campaigners continue to speak of economic Armageddon, a very significant move happened yesterday. Business secretary Sajid Javid flew off to Delhi to begin preliminary negotiations for a trade deal between Britain and India. It is significant because this is exactly the sort of deal that we have been forbidden from doing for the past 43 years. As members of the EU we are forbidden from signing our own trade deals with third countries. Instead, we must rely on deals collectively negotiated with the EU.

 

[alfredmizen]

Will people stopping going on about the FTSE 100, its doing well as largely driven by foreign earnings that are up due to the weak pound. Basically the rest of the world doesn't care about the UK much

The FTSE 250 is a better gauge of the UK, look at banking, insurance, house builders and retail, 30% down or more. Look at Lloyds, RBS, Barratt, L&G. They are pricing in a recession

Absolutely ridiculous statement driven largely by self loathing and what you WISH was true because of that very same self loathing , of course they care about the UK , we're the 5th biggest economy on the planet you fool.

 

[ManOfSussex]

"British jobs"
While frustrated Remain campaigners continue to speak of economic Armageddon, a very significant move happened yesterday. Business secretary Sajid Javid flew off to Delhi to begin preliminary negotiations for a trade deal between Britain and India. It is significant because this is exactly the sort of deal that we have been forbidden from doing for the past 43 years. As members of the EU we are forbidden from signing our own trade deals with third countries. Instead, we must rely on deals collectively negotiated with the EU.

I just found the article in full here - http://blogs.spectator.co.uk/2016/07/government-grabbing-brexit-bull-horns/

Sounds very positive. Obviously we can't sign anything with India as we're still in The EU though and we still don't know what, if any, level of future access we'll have to the single market. Doesn't seem to mention how many jobs will be created in The UK potentially, but lets banish pessimists and I'll just guess at 2 Million.

 

[Lincoln Imp]

Cheer up.

"""What a difference in two weeks! Project Fear mastermind Osborne now says City will THRIVE following Brexit and remain the world's dominant financial centre

George Osborne and the Wall Street banking giants which helped bankroll the Remain campaign yesterday issued a resounding vote of confidence in the City of London
In a joint statement with the Chancellor, investment banks including Goldman Sachs, Morgan Stanley and JP Morgan pledged to ensure the City of London remains the world’s dominant financial centre when it leaves the EU""

Britain’s economy has picked up pace despite doom-laden warnings over the prospect of Brexit.

Figures yesterday showed the recovery is in far better shape than feared with industry clocking up its fastest rate of growth for six years.

Industrial production rose by 1.9 per cent in the three months to May, according to the Office for National Statistics – the strongest performance since the three months to May 2010.

And in a sign that Britain can prosper outside the EU, an Indian business leader described a trade agreement with the UK as a deal ‘almost made in heaven’.
Chinese officials have also made encouraging noises, claiming the Brexit vote has made a trade deal with Britain more likely.

The economy looks set to get a further boost next week with analysts saying there is a near 80 per cent chance that interest rates will be cut once again.

Rates have been at a historic low of 0.5 per cent since March 2009, but it is now thought the Bank of England will cut them to 0.25 per cent on Thursday to keep the economy moving.

Talk of rate cuts came as the FTSE 100 index rose 1.1 per cent yesterday and government borrowing costs hit a record low, in a sign that international investors still have faith in the UK following Brexit.

Could you revert to the normal arrangement of saying where you are lifting things from? It helps give them context.

 

[Baldseagull]

what part of their methodology and findings did you not agree with.



ok,EU migration is around under a 1/2 to 1/3 of all migration
thats not 0.5% though is it





you seem to have shifted the goalposts and added in access to the single market
i guess this is a positive as you now realise saying if we want to trade with the EU we have to accept free movement is factually incorrect





No it doesnt, The pretty picture showed why people voted with a breakdown of labour voters and conservative voters and also( very clearly marked) OVERALL UK voters
i cant help you much if you cant see something thats staring you right in the face.

The number one issue according to this poll was "the principle that decisions about The UK should be taken in The UK"
You see that and read it as the main issue was foreigners.Says quite a lot about you,how entrenched you are with irrational thinking and how you process information

The 0.5% is the proportion of people currently in Britain that have come in from the E.U.