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So Brexit seems to be a good thing then.

Old 17 October 2016, 02:17 AM
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ditchmyster
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Default So Brexit seems to be a good thing then.

https://www.theguardian.com/business...e-economy-rise

Personally I think it's just another con to make the rich richer and the poor poorer, I'm sure our puppet masters are making a very large fortune out of the de-valuation of the pound.
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Old 17 October 2016, 03:40 AM
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Be interesting see if another country exits eu in the coming couple years
Cos if it all collapses then presumably we'll be back to square one

Last edited by dpb; 17 October 2016 at 03:42 AM.
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Old 17 October 2016, 05:53 AM
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I voted to remain, simply because I thought the company I work for (Nissan) would suffer.
However, it seems from recent news articles and the CEO meeting with May at Downing Street that things are going OK. I hope this is the case and that my job, along with many other people's jobs in the UK, will be safe for years to come
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Old 17 October 2016, 07:58 AM
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Originally Posted by DanGlennon View Post
I voted to remain, simply because I thought the company I work for (Nissan) would suffer.
However, it seems from recent news articles and the CEO meeting with May at Downing Street that things are going OK. I hope this is the case and that my job, along with many other people's jobs in the UK, will be safe for years to come
well if you do lose your job Dan - don't dwell on the negative


think of it more as "taking back control" of your life

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Old 17 October 2016, 10:05 AM
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There are many countries that are extremely jealous of the pounds devaluation - Japan especially. They would love to be in our position.
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Old 17 October 2016, 10:13 AM
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yes Japan would

they actually make things after all

I am not sure it is so relevant to us - because we don't seem to

we where told that the last devaluation of the pound after the financial crash would boost our manufacturing

has it?

what it does do is boost asset prices - great for property owners in London like me

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Old 17 October 2016, 10:17 AM
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London is being oustripped by the rest the country this last month apparently..
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Old 17 October 2016, 03:23 PM
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I mentioned it a month or two ago

but it seems like a serious move is underfoot to make a special exception for the City / Financial services

https://www.theguardian.com/business...ssport-is-lost

FT article paywalled - but can be got from a google search

"UK looks at paying billions into EU budget after Brexit"

"Britain would continue to pay billions of pounds into the EU budget after Brexit to maintain cherished single-market access for the City of London and other sectors under plans being discussed by Theresa Mays cabinet."

So the 350 mil / week will go to the bankers and not the NHS. Why am I not surprised - and prob the right thing to do

The bus should have had:

"We send the EU 350 million a week, lets fund our bankers instead".

:-)
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Old 17 October 2016, 03:24 PM
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Maybe the pound will devalue to a point that will make it financially unviable for immigrants to come to the UK. Won't stop all the overseas property "developers" from buying up even more property as weaker pound means it's even cheaper for them to buy!
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Old 17 October 2016, 04:43 PM
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We don't build things . Instead we import. Perhaps if we didn't import so much we may start "making things" again.
I can't see Germany ignoring the 18billion worth of goods we import from them every year.

Enough of the doom and gloom from the bitter, propaganda swallowing remoaners.
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Old 17 October 2016, 07:29 PM
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Originally Posted by hodgy0_2 View Post
yes Japan would

they actually make things after all

I am not sure it is so relevant to us - because we don't seem to

we where told that the last devaluation of the pound after the financial crash would boost our manufacturing

has it?

what it does do is boost asset prices - great for property owners in London like me
Maybe time to sell that little flat.

Thinking I might wait until the pound is equal to the euro and sell my place out here for an obscene profit. Might even put my pad in the uk on the market and move to florida, between the two I'd be proper minted stateside.
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Old 17 October 2016, 07:34 PM
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Originally Posted by ditchmyster View Post
Maybe time to sell that little flat.

.
yes, we are thinking about it!!!!
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Old 17 October 2016, 07:58 PM
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Old 17 October 2016, 08:14 PM
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Sad thing is that's more accurate than the average Brexiteer would realise.
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Old 17 October 2016, 08:26 PM
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Originally Posted by ditchmyster View Post
Maybe time to sell that little flat.

Thinking I might wait until the pound is equal to the euro and sell my place out here for an obscene profit. Might even put my pad in the uk on the market and move to florida, between the two I'd be proper minted stateside.
I thought you were in the middle of turning a property into 4 flats?...You tell so many lies you don't know when you're telling the truth.!
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Old 18 October 2016, 12:24 AM
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Originally Posted by Kwik View Post
We don't build things . Instead we import. Perhaps if we didn't import so much we may start "making things" again.
I can't see Germany ignoring the 18billion worth of goods we import from them every year.

Enough of the doom and gloom from the bitter, propaganda swallowing remoaners.
We do make things, so why the 'doom and gloom' from you?

The UK is comfortably in the top 10 manufacturers on the planet.

Of course Germany wants to export to us, but in itself that's a fairly risible argument ('propaganda swallowed' by you). We aren't going to be negotiating with Germany, we have to negotiate with 27 countries, most of which we gave a trade surplus with. At this stage it's fairly unclear what we are going to offer them.

The reason the pound is tanking is because the markets don't have confidence in the post Brexit UK economy.

So whilst there are clearly some benefits to a devalued currency, the underlying issue should be a concern to everyone.

Last edited by Martin2005; 18 October 2016 at 12:34 AM.
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Old 21 October 2016, 07:15 AM
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Originally Posted by jayallen View Post
I thought you were in the middle of turning a property into 4 flats?...You tell so many lies you don't know when you're telling the truth.!
No reply from Walter Mitty ....Ran off with his tail between the legs once again as a proven liar..

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Old 21 October 2016, 09:05 AM
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Just a reminder for all those people and articles saying the doom and misery of brexit has not materialized.

HELLO - We haven't actually left yet - Just Sayin..........
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Old 21 October 2016, 09:58 AM
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I'm just glad I'm not May , it looks really uncomfortable
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Old 21 October 2016, 01:53 PM
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Originally Posted by dpb View Post
I'm just glad I'm not May , it looks really uncomfortable


Just imagine if Corbyn were steering the Brexit ship. Then we would be in trouble.
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Old 21 October 2016, 04:46 PM
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Originally Posted by Martin2005 View Post
We do make things, so why the 'doom and gloom' from you?

The UK is comfortably in the top 10 manufacturers on the planet.

Of course Germany wants to export to us, but in itself that's a fairly risible argument ('propaganda swallowed' by you). We aren't going to be negotiating with Germany, we have to negotiate with 27 countries, most of which we gave a trade surplus with. At this stage it's fairly unclear what we are going to offer them.

The reason the pound is tanking is because the markets don't have confidence in the post Brexit UK economy.

So whilst there are clearly some benefits to a devalued currency, the underlying issue should be a concern to everyone.
No doom and gloom, the opposite in fact, hence the smiley face. It was more in reply to Hodgy saying we don't seem to make things. As for Propaganda swallowed by me No propaganda...
https://www.destatis.de/EN/FactsFigu...ublicationFile

My point being as much spin as the likes of the BBC want to put on the EU's annoyance at us daring to make our own democratic decisions I can't see them cutting their nose off to spite their face.
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Old 21 October 2016, 04:59 PM
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Originally Posted by Kwik View Post
No doom and gloom, the opposite in fact, hence the smiley face. It was more in reply to Hodgy saying we don't seem to make things. As for Propaganda swallowed by me No propaganda...
https://www.destatis.de/EN/FactsFigu...ublicationFile

My point being as much spin as the likes of the BBC want to put on the EU's annoyance at us daring to make our own democratic decisions I can't see them cutting their nose off to spite their face.

And even if they were to do so there is the whole rest of the world to deal with now that we are shaking off the shackles of EC restrictions.
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Old 21 October 2016, 05:58 PM
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Originally Posted by Kwik View Post
No doom and gloom, the opposite in fact, hence the smiley face. It was more in reply to Hodgy saying we don't seem to make things. As for Propaganda swallowed by me No propaganda...
https://www.destatis.de/EN/FactsFigu...ublicationFile

My point being as much spin as the likes of the BBC want to put on the EU's annoyance at us daring to make our own democratic decisions I can't see them cutting their nose off to spite their face.
You need to appreciate the politics of this. It isn't purely a trade and economic issue.

Both France and Germany have election soon, both governments are under pressure. They simply cannot be seen to cave in to the UK demands.
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Old 21 October 2016, 06:01 PM
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Originally Posted by Paben View Post
And even if they were to do so there is the whole rest of the world to deal with now that we are shaking off the shackles of EC restrictions.
We already deal with the rest of the world. That said there are clearly opportunities in the longer term to expand this.
In the shot to mid term there will be some difficulties and challenges.
I'm already seeing this in my role.
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Old 21 October 2016, 06:09 PM
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oh dear

the free trade deal Canada was negotiating with the EU has collapse

http://www.bbc.co.uk/news/world-europe-37731955

these easy to negotiate free trade deals seem harder that first thought
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Old 21 October 2016, 06:11 PM
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Originally Posted by Paben View Post
And even if they were to do so there is the whole rest of the world to deal with now that we are shaking off the shackles of EC restrictions.
to be replaced by what?

the shackles of dealing with the rest of the world - tariffs, custom forms, custom checks etc
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Old 21 October 2016, 06:34 PM
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Originally Posted by Kwik View Post
No doom and gloom, the opposite in fact, hence the smiley face. It was more in reply to Hodgy saying we don't seem to make things. As for Propaganda swallowed by me No propaganda...
https://www.destatis.de/EN/FactsFigu...ublicationFile

My point being as much spin as the likes of the BBC want to put on the EU's annoyance at us daring to make our own democratic decisions I can't see them cutting their nose off to spite their face.
Yeah, and I take issue with Martins point - I think it is fairer to say we assemble things from imported parts

And it would be interesting to see where we stand if we took our arms industry out of the equation
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Old 21 October 2016, 07:20 PM
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Originally Posted by hodgy0_2 View Post
to be replaced by what?

the shackles of dealing with the rest of the world - tariffs, custom forms, custom checks etc

Is our net 10 billion contribution to the EU a price worth paying for tariff-free access to the EU market? If we left the EU with no trade deal at all, which is unlikely, our exports would face EU tariffs averaging just 2.4 per cent. But our net contribution to the EU budget is equivalent to a 7 per cent tariff. Paying 7 cent to avoid 2.4 per cent costs makes no sense.

EU membership prevents the UK negotiating free trade deals and the EU has negotiated few deals for us: none with China, India, Australia and Brazil just to start with.

Does the EUs size mean it gets better deals than we could alone? This is the reverse of the truth. The more countries involved in a trade deal the harder, slower and worse the result.

Perhaps we're not as doomed as the serial whiners would have us believe.
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Old 21 October 2016, 07:54 PM
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Originally Posted by Paben View Post
Is our net 10 billion contribution to the EU a price worth paying for tariff-free access to the EU market? If we left the EU with no trade deal at all, which is unlikely, our exports would face EU tariffs averaging just 2.4 per cent. But our net contribution to the EU budget is equivalent to a 7 per cent tariff. Paying 7 cent to avoid 2.4 per cent costs makes no sense.

EU membership prevents the UK negotiating free trade deals and the EU has negotiated few deals for us: none with China, India, Australia and Brazil just to start with.

Does the EUs size mean it gets better deals than we could alone? This is the reverse of the truth. The more countries involved in a trade deal the harder, slower and worse the result.

Perhaps we're not as doomed as the serial whiners would have us believe.
well the great think is we will be able to judge the experiment in 5 odd years
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Old 21 October 2016, 08:01 PM
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Eu will be around in 5 years time ?
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