UK watchdog and EU tell banks to prepare for hard Brexit

[welovesundaysatspace]

8 minutes ago, CG1 Blue said:

Tell me to mind my own business, but are you German?  I find myself reading your comments in a German accent, perhaps because of your tone and the way you seem so passionately pro-EU.

Anyway, gotta go - will respond properly later!

It doesn’t matter where I’m from. And I’m not even passionately pro-EU. There are certainly things that can be improved. And I don’t agree with everything the EU does.

 

But overall, we benefit more than it hurts us, so leaving it is just plain stupid. Since its beginnings, the EU has been constantly growing, with more and more states applying for a membership. It doesn’t seem to be so unattractive. 

 

Sooner or later the U.K. will come back. It’ll probably be the major theme in the next election post-Brexit because a candidate can be pretty sure that he will get elected just by proposing to undo this historical nonsense. But that’s obviously reading in my crystal ball. 

[beautifulthailand99]

2 hours ago, welovesundaysatspace said:

It doesn’t matter where I’m from. And I’m not even passionately pro-EU. There are certainly things that can be improved. And I don’t agree with everything the EU does.

 

But overall, we benefit more than it hurts us, so leaving it is just plain stupid. Since its beginnings, the EU has been constantly growing, with more and more states applying for a membership. It doesn’t seem to be so unattractive. 

 

Sooner or later the U.K. will come back. It’ll probably be the major theme in the next election post-Brexit because a candidate can be pretty sure that he will get elected just by proposing to undo this historical nonsense. But that’s obviously reading in my crystal ball. 

One thing the last couple of years has taught me is there is an army of pliable idiots ready to march to the nationalist drum as their rich puppet masters glory in their richesse.  This is not the the end not even the end of the beginning as pain begins to bite expect blame turned ever outwards at traitoroust remoaners and immigration and the usual suspects as the army of idiots coalesces around mindless memes on the internet. If you want to know if your right wing and a mug just check your wallet - clue iof it's pretty empty and you're angry you're being played. . Martyr Tommy Robinson and his street thugs are going make inroads into territory once though un-British and off limits to all but the boneheads. Social democracy has never looked weaker in my lifetime. 

Edited July 25, 2018 by beautifulthailand99

[Scott]

A post violating Fair Use Policy has been removed.

 

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https://www.thaivisa.com/forum/terms/

[beautifulthailand99]

You just have to love Moggie - UK bring back control champion .....What was it he said..? "We should not be put off by endless scare stories" ...but then his 'money' takes a different view

 

https://www.independent.co.uk/news/uk/politics/brexit-jacob-rees-mogg-scm-ireland-city-move-eu-withdrawal-dublin-a8398041.html 

Edited July 25, 2018 by beautifulthailand99

[stevenl]

8 hours ago, vogie said:

Anybody that disagrees with you is nonsense, is that what you're saying?

More with refuting arguments as clearly incorrect, only to be followed by others posting the exact same incorrect information.

[Rally123]

Perhaps 'Remoaners' might like to answer the following questions:

• Why have we suffered industrial decline and closures with production shifting elsewhere in Europe since joining the EEC?
• Why do we trade in surplus with the rest of the world but have such a huge deficit with the EU?
• Why have we ended up importing fish, electricity, steel and much else when we used to self sufficient?

 

[tebee]

14 minutes ago, Rally123 said:

Perhaps 'Remoaners' might like to answer the following questions:

• Why have we suffered industrial decline and closures with production shifting elsewhere in Europe since joining the EEC?
• Why do we trade in surplus with the rest of the world but have such a huge deficit with the EU?
• Why have we ended up importing fish, electricity, steel and much else when we used to self sufficient?

 

Clearly, the UK’s whopping trade deficit is the result of a range of factors. High interest rates, an over-valued currency, a culture of short-termism, poor management and unwillingness to invest in new machinery and skills have all played a part. It would fly in the face of the evidence to suggest that the trade deficit is simply a function of being a member of the single market and the customs union

 

Most of it is simply market forces - UK is an expensive country to live in, driven by amongst other things, high house prices. It's much cheaper to manufacture elsewhere. We have being trying to it up with services - this policy was originally introduced by Thatcher, and supported by Leave's favorite economist professor Minford.

 

The ERG group want Singapore-on-sea with zero tariffs for imports , which would exacerbate  this even further .

[The Renegade]

12 hours ago, stevenl said:

No, the poster didn't only see negatives, that was your unjustified conclusion.

But you're avoiding the main thing: it should have been much better, but for Brexit.

???

 

14 hours ago, stephenterry said:

I would rather have seen (as do millions of UK citizens) that Brexit will create at least 5,000 new job opportunities. That, regretfully, hasn't happened, nor has anything been similarly positive - and quantified. 

Try reading and comprehending English.

 

My reply was

 

14 hours ago, The Renegade said:

Only to neg - heads that are blind or blinkered to any good news.

 

Quote

Dyson shrugs off Brexit fears with massive UK expansion plan

https://www.theguardian.com/technology/2017/feb/28/dyson-shrugs-off-brexit-fears-with-massive-uk-expansion-plan

 

Quote

U.K. Technology Sector Investment Doubles Despite Brexit

https://www.bloomberg.com/news/articles/2018-05-17/u-k-technology-sector-investment-doubles-despite-brexit

 

Quote

Citigroup to invest in London, hire staff despite Brexit: FT

https://www.reuters.com/article/us-citigroup-britain/citigroup-to-invest-in-london-hire-staff-despite-brexit-ft-idUSKBN1FV0ZA

 

There is just 3. There are 1000's of others if you care to look.

When you can comprehend the difference between positives and negatives, come back to me, until then, it might be best to keep quiet.

[The Renegade]

8 hours ago, welovesundaysatspace said:

You really have to ask the experts I elected to take care of such matters. It’s too complex for a simple guy like me to fully understand, so I’m glad I have competent people doing it on my behalf and who I believe act in my best interest.

???

 

This is where you are getting it all wrong.

 

1. Politicians, by and large are not experts in anything. That is why £ millions are paid out annually to advisors and special advisors.

 

2 Competent ? That is funny, how many have been screaming on these Brexit threads about incompetent politicians.

 

3. Act in YOUR best interest ?? Hell will freeze over before that happens.

 

Of course, I am referring to UK Politicians, it is entirely possible that you are not even British ( along with the other non - Brits who seem to get rather excited over Brexit and love to voice their opinions on what the UK should / should not do ) and are referring to non UK Politicians.

 

So it would be great to find a Country that has the attributes in their Politicians that you list above, can you let us into the secret of where it is ? I might just move there.

[The Renegade]

5 hours ago, beautifulthailand99 said:

One thing the last couple of years has taught me is there is an army of pliable idiots

For sure.

 

Just read the comments everyday that are published on Guardian articles.

[Chomper Higgot]

1 hour ago, Rally123 said:

Perhaps 'Remoaners' might like to answer the following questions:

• Why have we suffered industrial decline and closures with production shifting elsewhere in Europe since joining the EEC?
• Why do we trade in surplus with the rest of the world but have such a huge deficit with the EU?
• Why have we ended up importing fish, electricity, steel and much else when we used to self sufficient?

 

It might have something to do with the distruction of British Industry by the Tories, starting with Margret Thatcher’s declaration that manufacturing was dead (to be asset stripped) and the UK would become a ‘post industrial’, ‘service’ economy.

 

The UK’s industrial base was wrecked during the 1980s, not by the EU.

[Ron19]

Flame post removed.

[Rally123]

26 minutes ago, Chomper Higgot said:

It might have something to do with the distruction of British Industry by the Tories, starting with Margret Thatcher’s declaration that manufacturing was dead (to be asset stripped) and the UK would become a ‘post industrial’, ‘service’ economy.

Nah it was to do with the Labour Party and their lack of control over the unions. Plus the IMF having to step in, under Jim Callaghan, when inflation was close on 27%.

 Whilst it may not be fair to blame all this decline on membership of the EU, as there are other factors, it nonetheless shows categorically that joining the EU and helping create the so called single market has not helped us grow and has not saved many of our industries from decline. 

[The Renegade]

8 hours ago, welovesundaysatspace said:

Since its beginnings, the EU has been constantly growing, with more and more states applying for a membership. It doesn’t seem to be so unattractive. 

???

 

If I was getting free money. I would want to join the EU also.

 

The problem is, and will forever continue is that there are far too few givers, and far too many takers.

 

Which is going to increase dramatically if the next 6 Countries are accepted, as per the EU's wishes and join by 2025.

Edited July 26, 2018 by The Renegade

[bristolboy]

7 minutes ago, The Renegade said:

???

 

If I was getting free money. I would want to join the EU also.

 

The problem is, and will forever continue is that there are far too few givers, and far too many takers.

 

Which is going to increase dramatically if the next 6 Countries are accepted, as per the EU's wishes and join by 2025.

You don't keep up with the news much, do you?

https://www.ft.com/content/c35f032a-628b-11e8-90c2-9563a0613e56

[stephenterry]

16 hours ago, The Renegade said:

Only to neg - heads that are blind or blinkered to any good news.

 

https://www.theguardian.com/technology/2017/feb/28/dyson-shrugs-off-brexit-fears-with-massive-uk-expansion-plan

 

https://www.bloomberg.com/news/articles/2018-05-17/u-k-technology-sector-investment-doubles-despite-brexit

 

https://www.reuters.com/article/us-citigroup-britain/citigroup-to-invest-in-london-hire-staff-despite-brexit-ft-idUSKBN1FV0ZA

 

There is just 3. There are 1000's of others if you care to look.

Exactly. There is just 3.  Probably assembled from your Brexit database. Your wild assertion that there are thousands of Brexit good news items (you use the word, 'others') is a figment of your imagination. Anyone with a basic arithmetical understanding could prove otherwise. I'll take you through it. First, '1'000's' implies at least 2,000, maybe more. In the 2+ years from the referendum vote,  c. 750 days  have elapsed. That means about three different news items every day (21 per week) extolling the virtues of Brexit. (3x750= 2250 daily items). 

 

I'm sure any reasonable person, who keeps up with Brexit events, would laugh you off the planet when you come up with a fantasy figure of thousands of news items supporting Brexit. 

 

Now, had you said that every day there has been at least one news item that demonstrates the limitations of Brexit, as in recent events, it would be more factual. 

 

Today's lesson for you - don't quote stats at me that cannot be substantiated by facts.  And today's challenge is to provide links to a mere 20 'Brexit good news' items - which represents a maximum 1% of the thousands you state have been reported. Then carry on, until you've exhausted your database.

 

 

 

 

[The Renegade]

2 hours ago, tebee said:

Clearly, the UK’s whopping trade deficit is the result of a range of factors. High interest rates

High interest rates ?

 

You expect to be taken seriously when you come out with gems like that ??

 

In your own words, define what you believe to be a '' High Interest Rate '' and what decade the UK last had a matching interest rate ?

[bristolboy]

31 minutes ago, The Renegade said:

High interest rates ?

 

You expect to be taken seriously when you come out with gems like that ??

 

In your own words, define what you believe to be a '' High Interest Rate '' and what decade the UK last had a matching interest rate ?

Tebee was responding to a question of how the UK economy got to where it is today. It was a question that demanded an historical answer. For those of us who were alive then and are not amnesiacs the 80's were an era of very high interest rates. In fact from about 1978 to 1994 interest rates rarely fell below 10% in the UK.

[Scott]

Bickering posts reported and removed.  

[welovesundaysatspace]

2 hours ago, The Renegade said:

 

If I was getting free money. I would want to join the EU also.

But you want to leave. The reason could be that there is no free money. Don’t know where you get such nonsense from. Was it printed on a Bus?

 

3 hours ago, The Renegade said:

 

This is where you are getting it all wrong.

 

1. Politicians, by and large are not experts in anything. That is why £ millions are paid out annually to advisors and special advisors.

 

2 Competent ? That is funny, how many have been screaming on these Brexit threads about incompetent politicians.

How am I getting it wrong?

 

1. That’s what I said: I as a simple guy do not have the resources politicians have. (Thus me not understanding how anyone sane would hold a referendum about something this complex.)

 

2. I was talking about the EU leadership. The U.K.? To be fair, I don’t think all of them are incompetent. I think their main problem is that they are stuck between doing what’s best for their people vs. pleasing right-wings and a referendum result. Those are conflicting objectives which result in having to square the circle. And it will eventually lead to a no-deal or having to decide for one position. 

 

Quote

 

3. Act in YOUR best interest ?? Hell will freeze over before that happens.

You’re welcome to have your own opinion and feelings. Me as a EU citizen feel pretty good. I would feel much worse if I were a UK citizen at the moment. 

 

Quote

So it would be great to find a Country that has the attributes in their Politicians that you list above, can you let us into the secret of where it is ? I might just move there.

It will be increasingly difficult for you to move there because you just decided to leave it. 

Edited July 26, 2018 by welovesundaysatspace

[The Renegade]

53 minutes ago, welovesundaysatspace said:

But you want to leave. The reason could be that there is no free money. Don’t know where you get such nonsense from. Was it printed on a Bus?

 

???

 

All the Countries below Cyprus receive FREE MONEY from the EU

 

All The Countries from Cyprus and above are supplying that FREE MONEY via the EU.

 

It is normally called Net Contributors and Net Recipients. 

[welovesundaysatspace]

42 minutes ago, The Renegade said:

???

 

All the Countries below Cyprus receive FREE MONEY from the EU. 

Nonsense. The graphic you posted shows, apparently, the investments the EU is doing in certain countries — subsidies, development projects, etc. 

[tebee]

58 minutes ago, The Renegade said:

???

 

All the Countries below Cyprus receive FREE MONEY from the EU

 

All The Countries from Cyprus and above are supplying that FREE MONEY via the EU.

 

It is normally called Net Contributors and Net Recipients. 

Interesting that that graph shows just how comparatively low the UK contribution is when viewed on a per capita basis 

[Guest]

1 hour ago, The Renegade said:

???

 

 

All the Countries below Cyprus receive FREE MONEY from the EU

 

All The Countries from Cyprus and above are supplying that FREE MONEY via the EU.

 

It is normally called Net Contributors and Net Recipients. 

All the EU countries receive FREE MONEY from EU. We all benefit of being part of the Union. Some receive it more by doing the trade in the common market. Some are not doing so well, so we share a bit of out wealth to them.. so that they too can become wealthier and start sharing their wealth.

 

 

[bristolboy]

11 minutes ago, oilinki said:

All the EU countries receive FREE MONEY from EU. We all benefit of being part of the Union. Some receive it more by doing the trade in the common market. Some are not doing so well, so we share a bit of out wealth to them.. so that they too can become wealthier and start sharing their wealth.

 

 

Don't start with him about the benefits of being in a single market. He'll just ask why is the UK importing baskets from abroad when it's British workers who should be weaving them.

[dick dasterdly]

Just now, oilinki said:

All the EU countries receive FREE MONEY from EU. We all benefit of being part of the Union. Some receive it more by doing the trade in the common market. Some are not doing so well, so we share a bit of out wealth to them.. so that they too can become wealthier and start sharing their wealth.

 

 

All countries do not receive 'free' money from the eu, as some are net contributors.

 

"We all benefit of being part of the Union. Some receive it more by doing the trade in the common market."

 

That's an opinion that is certainly supported by the vast majority of the 'elite' - but it appears that the 'less well off' are less inclined to believe it nowadays - for various reasons that have been pointed out time and time again.

 

"Some are not doing so well, so we share a bit of out wealth to them.. so that they too can become wealthier and start sharing their wealth."

 

Great in theory, and I support this to a certain extent.  But the reality is that the free movement of people 'pillar' has resulted in an influx of people from poorer countries 'flooding' wealthier countries, and giving employers yet another reason to keep wages as low as possible for those at the bottom - which, of course moves up the chain and affects those on higher wages too.  Only those at the very top are immune, as they see their salaries rise to ever more outrageous levels, as they have 'saved so much money' by reducing the salaries of those far below.....

 

To be fair, this is not entirely the fault of the free movement of people 'pillar' - as uk companies and govt. seem to be far more inclined to behave this way than other european countries?

[dick dasterdly]

1 hour ago, The Renegade said:

???

 

All the Countries below Cyprus receive FREE MONEY from the EU

 

All The Countries from Cyprus and above are supplying that FREE MONEY via the EU.

 

It is normally called Net Contributors and Net Recipients. 

Not entirely convinced by the graphic, as I'm not sure how much 'free' money Greece is receiving nowadays?

 

But this is likely due to a lack of knowledge on my part, influenced by the horrendous situation in which ordinary Greek people find themselves.

[The Renegade]

10 minutes ago, dick dasterdly said:

Not entirely convinced by the graphic, as I'm not sure how much 'free' money Greece is receiving nowadays?

 

But this is likely due to a lack of knowledge on my part, influenced by the horrendous situation in which ordinary Greek people find themselves.

Greece is a different kettle of fish.

 

Greece is a Net Recipient of EU cash / funds / whatever fancy names people wish to put on it.

 

This is different from the bailout / debt haircuts / money it has received.

 

Add the 2 of them together and the amount is horrendous.

 

And in fairness to the everyday Greek people, DESPITE all that money, they are still suffering massively.

Edited July 26, 2018 by The Renegade

[tomacht8]

4 hours ago, The Renegade said:

???

 

If I was getting free money. I would want to join the EU also.

 

The problem is, and will forever continue is that there are far too few givers, and far too many takers.

 

Which is going to increase dramatically if the next 6 Countries are accepted, as per the EU's wishes and join by 2025.

That's just a one-dimensional view.
First of all, subsidies are only granted for specific projects for specific purposes. For example, in the Structural Fund for Road Construction, Since then a piece of new highway in Romania is built. For this purpose, machines, building materials, etc. from many countries of the EU are ordered. The local people have work and an income. This in turn is spent on the purchase of goods, which in turn come from many EU countries. This in turn leads to employment and income effects in the other EU countries.

In the end, the new highway helps to shorten transport times, a toll can be collected, and the road attracts further investment.

It's not that, the net contributors to the EU pot, have none of it.
On the contrary, the benefit for many net contributors is quite high through the investment consequential effects.
 

[bristolboy]

3 minutes ago, tomacht8 said:

That's just a one-dimensional view.
First of all, subsidies are only granted for specific projects for specific purposes. For example, in the Structural Fund for Road Construction, Since then a piece of new highway in Romania is built. For this purpose, machines, building materials, etc. from many countries of the EU are ordered. The local people have work and an income. This in turn is spent on the purchase of goods, which in turn come from many EU countries. This in turn leads to employment and income effects in the other EU countries.

In the end, the new highway helps to shorten transport times, a toll can be collected, and the road attracts further investment.

It's not that, the net contributors to the EU pot, have none of it.
On the contrary, the benefit for many net contributors is quite high through the investment consequential effects.
 

I don't think you understand what the Brexiteer know to be a fact: that economics is a zero sum game and for every gain there's an equal loss. That's why the world economy has not grown at all ever.