[Politics] Brexit

[Blue Valkyrie]

Looks good. and achievable :

https://twitter.com/EFTA4UK/status/943521328031764485?s=19

 

[portslade seagull]

Food for thought.


Value of £ now: 1.1 euro

Value of £ at the time of euro launch: 1.6 euro


What a total disaster that euro has been! We're well out of it.

Oh dear more lies

 

[dazzer6666]

Not seen this before....apologies if fixtures

https://youtu.be/svwslRDTyzU

 

[Pavilionaire]

30% of our nation's food comes from the EU. Cliff edge 6 months away.

 

[Deleted member 22389]

30% of our nation's food comes from the EU. Cliff edge 6 months away.

Oh no, where the **** am I going to get my bratwurst from now, this is serious shit.

 

[JC Footy Genius]

30% of our nation's food comes from the EU. Cliff edge 6 months away.

No need to panic ..

..'Dig for Victory'

 

[Lincoln Imp]

In fact, there is no need for anyone to worry about anything, because Govt Minister Penny Mordaunt announced this weekend that the public would be 'content' with a no-deal Brexit.

Good old public I say, and well done Penny for keeping her finger on the pulse. I'm unsure though how this squares with the latest YouGov for The Times, which suggest that the majority for Remain is now twice what the majority for Leave was in 2016. Perhaps there are 20 million undemocratic loons stalking the country.

And talking of them, I see the Sunday Times reports today that the PM's office is now looking at the prospect of a November election. This would of course supersede the 2017 election, when the public didn't give the Conservatives the answer they wanted, in the same way that the 2017 election superseded the 2015 election which also didn't give Mrs May what she needed to drive a hard Brexit through.

And still Brexit-enthusiasts will keep claiming (untruthfully) that it is the EU that keeps asking the public things until they come up with the required answer.

 

[sir albion]

30% of our nation's food comes from the EU. Cliff edge 6 months away.

That's a lot of companies about to go pop in the EU then
Thought it was only us that would feel the pinch for a minute
According to the EU we will suffer badly while in the EU it will have little affect....what bullshite !!

 

[Boys 9d]

Can someone explain to me how Mrs May can call a General Election ? I thought that under the terms of the Fixed Term Parliaments it would need more than her alone to make that decision.

 

[Two Professors]

Oh no, where the **** am I going to get my bratwurst from now, this is serious shit.

Some nice ones made in other countries.The US forces PX in Belgium stocked far tastier ones than the German ones.

 

[WATFORD zero]

That's a lot of companies about to go pop in the EU then
Thought it was only us that would feel the pinch for a minute
According to the EU we will suffer badly while in the EU it will have little affect....what bullshite !!

I don't think anyone has ever denied that (economically speaking) if Britain were to blow our own own brains out, then the EU, as our nearest neigbours, would have a horrendous cleaning bill

It wouldn't be my chosen position for starting a negotiation

 

[Garry Nelson's teacher]

I think you have confused the $ rate and the EURO rate.

Here’s a graph of the GBP/EURO for the last 10 years. As you can see, it’s been as low as 1.02 in that time. Yes, Brexit uncertainty has caused the rate to drop, but markets hate uncertainty. It’s highest point in the last 10 years is 1.44 not 1.60.

I would estimate (from looking at the 10 year chart) the average rate has been close to 1.20 - 1.25.

https://www.xe.com/currencycharts/?from=GBP&to=EUR&view=10Y

No confusion: I was going back further than 10 years. But what the graphic shows rather starkly is the sterling fell off a cliff in 2016. So this is the market's view of Brexit - just as when Mrs May shut her gob on Friday sterling took another hit. On just about every level the thing - or the prospect of the thing - isn't working. It's a plain as the nose(s) on your face(s). Politically there's a case (arguably); economically there's a virtually a consensus that it's a gonner.

 

[Deleted member 22389]

No confusion: I was going back further than 10 years. But what the graphic shows rather starkly is the sterling fell off a cliff in 2016. So this is the market's view of Brexit - just as when Mrs May shut her gob on Friday sterling took another hit. On just about every level the thing - or the prospect of the thing - isn't working. It's a plain as the nose(s) on your face(s). Politically there's a case (arguably); economically there's a virtually a consensus that it's a gonner.

I could mention that my Spanish property lost 50% of it's value after the banking crisis in 2008, it's slowly coming back to what we originally paid for it. This is finance, this is the property market, things go up and things go down.

 

[Herr Tubthumper]

I could mention that my Spanish property lost 50% of it's value after the banking crisis in 2008, it's slowly coming back to what we originally paid for it. This is life, this is finance, this is the property market, things go up and things go down.

This isn’t life, this is a very bad investment. I’m not going to listen to the views of someone who made such a woeful judgement. Sorry.

 

[nicko31]

Well JC says if the members want a 2nd ref Labour will back it. I'm a bit surprised about that, but I think Salzburg was the last straw and proved the Tories are not serious about Brexit

 

[Deleted member 22389]

This isn’t life, this is a very bad investment. I’m not going to listen to the views of someone who made such a woeful judgement. Sorry.

I bought the property in 2002, how the hell did I know there would be a banking crisis in 2008. It wasn't bought for investment purposes either, it was bought as a holiday home, and I was just using it as an example of how things bounce back.

 

[larus]

No confusion: I was going back further than 10 years. But what the graphic shows rather starkly is the sterling fell off a cliff in 2016. So this is the market's view of Brexit - just as when Mrs May shut her gob on Friday sterling took another hit. On just about every level the thing - or the prospect of the thing - isn't working. It's a plain as the nose(s) on your face(s). Politically there's a case (arguably); economically there's a virtually a consensus that it's a gonner.

Or, another way to look at things is that in the last 10 years (which I think most people would view as a reasonable economic window), the pound has been above 1.30 for approx 12 months (Mid Jan 2015 to early Feb 2016). So if for the remaining 90% of the last 10 years it's been below 1.30, I don't think anyone with a degree of intelligence could rationally use words like plummet, crash. I accept that there's volatility in the F.Ex markets with Stl due to Brexit, but the impact is nowhere near as dramatic as some try to make out. The year above 1.30 should be viewed as the outlier and not the norm.

 

[GT49er]

Perhaps there are 20 million undemocratic loons stalking the country.

No. There may (or may not be) a few more people who would vote 'Remain' now, but not twenty million of them.

 

[GT49er]

Can someone explain to me how Mrs May can call a General Election ? I thought that under the terms of the Fixed Term Parliaments it would need more than her alone to make that decision.

Basically, it doesn't...........

 

[Herr Tubthumper]

I bought the property in 2002, how the hell did I know there would be a banking crisis in 2008. It wasn't bought for investment purposes either, it was bought as a holiday home, and I was just using it as an example of how things bounce back.

I hear you. Most people didn’t know about the banking crisis.. But then most, sane, people wouldn’t then go an create a further crisis themselves.