Significant differences still remain in EU-UK trade talks

[Rookiescot]

1 hour ago, JonnyF said:

Like El Salvador using the US dollar. Letting the Bank of England set your monetary policy until you scurry off to hide under the EUs skirt.

 

True independence for the barstool Bravehearts lol.

The Bank of England would not be setting Scotlands monetary policy. 

What the Bank of England would control is interest rates and the pounds value. Now initially that would not be an issue due to how integrated Scotland is with the rest of the UK but over time as the two countries diverge we would need our own currency. 

Why do you care what happens with an independent Scotland? It really will be nothing to do with you now will it? 

[Rookiescot]

2 hours ago, vinny41 said:

If you talking about the Scottish pound  not linked or supported by the Bank of England you are correct however if your talking about the current Scottish pound which is linked and supported by the Bank of England you are incorrect

Remember Using another country's currency is dependence, not independence.

Still just opinion not evidence then.

There is no Scottish pound. There are UK pounds printed in Scotland by Scottish banks but for every one of them produced a pound is deposited with the bank of England.

So all those countries using the Euro are not independent? Utter hogwash.

[vinny41]

2 minutes ago, Rookiescot said:

Still just opinion not evidence then.

There is no Scottish pound. There are UK pounds printed in Scotland by Scottish banks but for every one of them produced a pound is deposited with the bank of England.

So all those countries using the Euro are not independent? Utter hogwash.

Suggest you read this

Of Course Scotland Can Use The (Scottish) Pound

https://www.forbes.com/sites/francescoppola/2014/08/11/of-course-scotland-can-use-the-scottish-pound/?sh=5e625af6b950

 

In his speech, Mr Osborne said there was "no legal reason" why the rest of the UK would want to share sterling with an independent Scotland, as Scottish ministers have proposed.

He said: "The pound isn't an asset to be divided up between two countries after a break-up like a CD collection. If Scotland walks away from the UK, it walks away from the UK pound."

https://www.bbc.com/news/uk-politics-26179442

[JulesMad]

4 hours ago, Chomper Higgot said:

Walk away Boris, Trump will give you a deal.

yep, losers should stick together ???? trump's role is over and he is on his way to die in prison...

[sawadee1947]

5 hours ago, vogie said:

Everybody wants a deal, but not necessary on the hog tied terms that are being offered by Mr Barnier.

I think it's not just easy to deal with criminal UK law breakers. ????

[vogie]

17 minutes ago, sawadee1947 said:

I think it's not just easy to deal with criminal UK law breakers. ????

You are not in a position to mention UK law breakers.

[Phulublub]

1 hour ago, vinny41 said:

Suggest you read this

Of Course Scotland Can Use The (Scottish) Pound

https://www.forbes.com/sites/francescoppola/2014/08/11/of-course-scotland-can-use-the-scottish-pound/?sh=5e625af6b950

 

In his speech, Mr Osborne said there was "no legal reason" why the rest of the UK would want to share sterling with an independent Scotland, as Scottish ministers have proposed.

He said: "The pound isn't an asset to be divided up between two countries after a break-up like a CD collection. If Scotland walks away from the UK, it walks away from the UK pound."

https://www.bbc.com/news/uk-politics-26179442

There is no such thing as the "UK pound".  Currently all members of the UK use the Pound Sterling.  On independence, Scotland could continue to use this as currency (or Dollars, or Euros or twinkies).  They would have no input to monetary policy in any of these scenarios, a situation that would continue until they either joined the Euro or established their own currency and one that is pretty common throughout the world.

 

But there is NOTHING rUK could do to stop Scotland continuing to use the Pound Sterling.

 

PH

[vinny41]

6 minutes ago, Phulublub said:

There is no such thing as the "UK pound".  Currently all members of the UK use the Pound Sterling.  On independence, Scotland could continue to use this as currency (or Dollars, or Euros or twinkies).  They would have no input to monetary policy in any of these scenarios, a situation that would continue until they either joined the Euro or established their own currency and one that is pretty common throughout the world.

 

But there is NOTHING rUK could do to stop Scotland continuing to use the Pound Sterling.

 

PH

Then can use a currency called Pound Sterling but it would not be supported by the Bank of England 

at the moment , Scottish banknotes are 100% backed with UK sterling reserves at the Bank of England, which means they are exchangeable at par with UK banknotes. this would no longer be the case if independence take place

So you correct there nothing the Uk could do to stop Scotland continuing to use  a currency called Pound Sterling but it would have the same meaning as it has today, it could be worth less than UK sterling

There is a Campaign for an Independent Currency (CIC) running in Scotland at the moment

Independent Scotland 'would be forced to dump pound on day one for its own floating currency'

 

Professor Ronald MacDonald, research professor of macroeconomics and international finance at Glasgow University’s Adam Smith Business School, told the Telegraph a separate currency not linked to sterling would be needed to pay off the country's £16 billion balance of payments deficit.

https://www.telegraph.co.uk/politics/2019/04/21/independent-scotland-would-forced-dump-pound-day-one-floating/

[Rookiescot]

8 minutes ago, vinny41 said:

Then can use a currency called Pound Sterling but it would not be supported by the Bank of England 

at the moment , Scottish banknotes are 100% backed with UK sterling reserves at the Bank of England, which means they are exchangeable at par with UK banknotes. this would no longer be the case if independence take place

So you correct there nothing the Uk could do to stop Scotland continuing to use  a currency called Pound Sterling but it would have the same meaning as it has today, it could be worth less than UK sterling

There is a Campaign for an Independent Currency (CIC) running in Scotland at the moment

Independent Scotland 'would be forced to dump pound on day one for its own floating currency'

 

Professor Ronald MacDonald, research professor of macroeconomics and international finance at Glasgow University’s Adam Smith Business School, told the Telegraph a separate currency not linked to sterling would be needed to pay off the country's £16 billion balance of payments deficit.

https://www.telegraph.co.uk/politics/2019/04/21/independent-scotland-would-forced-dump-pound-day-one-floating/

Oh here we go. Professor Ronald MacDonald. The Unionist "expert" on currency. 

I already told you that for every Scottish pound printed a Bank of England pound has to be deposited with the Bank of England. Scottish notes are NOT worth less than Bank of England notes and never have been. 

Scotland currently has no deficit. The deficit unionists point at is money that Westminster spends and then attributes to Scotland. This includes such things as crossrail, a third heathrow runway and HS2. None of which come anywhere near Scotland. Want to build a new nuclear power plant in England? Yeah we can get Scotland to pay for 10% of that. Scotland is also prepared to accept our population share of the UK debt. No fiscal union then we walk away from all that debt. None of it is in Scotlands name. Scotland is also entitled to a per population share of the Bank of Englands assets. Failure to deliver that and we walk away with no debt.

What confuses you guys is the name Bank of England. In reality it is the Bank of the UK.

Professor Ronald MacDonald should stick to what he is good at. Flipping burgers.

Anyway you guys should be hoping and praying that Scotland keeps using the pound. The day we stop then 10% of the UK's GDP disappears. And that is a conservative estimate. Its probably closer to 15%.

No. You dont hold all the cards.

[transam]

4 hours ago, Surelynot said:

Almost feel sorry for Johnson....he never signed up for all this....tough negotiations, covid pandemics, economy tanking, Rishi breathing down his neck .......it was all going to be the bright lights, international travel, lording it over everyone.....I say almost felt sorry....I then remembered he is just a third rate journalist and a Tory at that.

Typical lefty blabber...But, I'm sure Corbyn will soon be jumping on the Seminar bandwagon to earn a few quid,  so all is not lost for you, eh...????

[Susco]

28 minutes ago, Rookiescot said:

Anyway you guys should be hoping and praying that Scotland keeps using the pound. The day we stop then 10% of the UK's GDP disappears. And that is a conservative estimate. Its probably closer to 15%.

From the multiple threads on this subject, it's quite obvious to me that the Brits don't like the Scotts, because they are profiteers, depend on England for about everything, and will definitely not survive on their own.

 

Yes I don't understand why they don't lend them a hand in their attempt to leave the UK, because that's what I would do with anyone I consider bad news.

[Mavideol]

8 hours ago, vogie said:

Everybody wants a deal, but not necessary on the hog tied terms that are being offered by Mr Barnier.

sure UK wants a deal....555......they want the same deal as they had before with all the good stuff

[Phulublub]

2 minutes ago, Susco said:

From the multiple threads on this subject, it's quite obvious to me that the Brits don't like the Scotts, because they are profiteers, depend on England for about everything, and will definitely not survive on their own.

To correct your misunderstanding, Scots are Brits. 

 

It is some - some - English who do not like Scots (just as some Scots do not like English)

 

PH

Edited November 8, 2020 by Phulublub

[Susco]

7 minutes ago, Mavideol said:

sure UK wants a deal....555......they want the same deal as they had before with all the good stuff

 Has anyone heard or seen Boris since his US mate got dumped?

[sawadee1947]

3 hours ago, vogie said:

You are not in a position to mention UK law breakers.

Vogie, remember what your doctor told you: take your tablets regularly. 

I think you missed some already ????????????

[gamini]

13 hours ago, Laughing Gravy said:

Walk away Boris, as the EU don't want a deal other than to control the UK like they have done, while part of the EU and like with all of the other countries in the EU.

He walks away and  and then there will be no deal with the United States.

[vogie]

1 hour ago, Mavideol said:

sure UK wants a deal....555......they want the same deal as they had before with all the good stuff

There are somethings that are just not negotiable and let's not forget you have an interest in getting a deal too, or are you one of those that actually thinks you are giving us a deal from the goodness of your hearts and there is nothing in this for yourselves. 

Canada had a deal "with all the good stuff" without all this hassle, the truth of the matter is that the EU is bricking it knowing when the UK makes a huge success of Brexit they will be toast, at the moment they are just stale bread.

Edited November 8, 2020 by vogie

[Phulublub]

5 minutes ago, vogie said:

There are somethings that are just not negotiable

Indeed.  And the sooner the UK realise that, the sooner we can perhaps find a way for a deal.  There is no way the EU will - or should - give the UK everything its own members have but without the responsibilities and costs.

 

PH

[vogie]

7 minutes ago, gamini said:

He walks away and  and then there will be no deal with the United States.

So what are you suggesting, we give in to the indomitable EU, bend over and let them shaft us, just to get a deal with the US.

 

 

[luckyluke]

5 minutes ago, vogie said:

So what are you suggesting, we give in to the indomitable EU, bend over and let them shaft us, just to get a deal with the US.

 

 

That's something your actual government will decide to do, or than not. 

In politics never be too sure about something.

[nauseus]

9 hours ago, Rookiescot said:

What an irrelevant post.

My point was some Brexiteers want a deal and some want no deal. 

The fact is none of you knew what you were voting for. If you had you would all want the same thing.

 

The fact is that we all knew what we were voting for, which was the primary objective of leaving the EU. We were not voting for a deal but if a reasonable one can be had, fine.

[welovesundaysatspace]

1 hour ago, vogie said:

Canada had a deal "with all the good stuff" without all this hassle

I still fail to see what Canada has to do with the UK. It seems as irrelevant as saying “Germany has a good membership in the EU without all the leaving.” 

 

1 hour ago, vogie said:

the truth of the matter is that the EU is bricking it knowing when the UK makes a huge success of Brexit they will be toast, at the moment they are just stale bread.

Assuming for a moment that this was the case then: (1) the “easiest deal in history” comments would have been exposed as lies; and (2) the EU would be acting perfectly rational.

[Chomper Higgot]

29 minutes ago, nauseus said:

 

The fact is that we all knew what we were voting for, which was the primary objective of leaving the EU. We were not voting for a deal but if a reasonable one can be had, fine.

Hogwash.

 

The easiest deal in history, Norway/Canadian Deal were central planks of Brexiteer arguments.

 

Added to which Rees Mogg was salivating over Trump supporting the UK.

 

 

Edited November 8, 2020 by Chomper Higgot

[RayC]

47 minutes ago, vogie said:

There are somethings that are just not negotiable

I guess that's how the EU feel about the integrity of the single market.

47 minutes ago, vogie said:

 

and let's not forget you have an interest in getting a deal too, or are you one of those that actually thinks you are giving us a deal from the goodness of your hearts and there is nothing in this for yourselves.

Imo it's a truism that a deal would be in both side's interest, although I sometimes wonder when I listen to 'hard' Brexiters.

47 minutes ago, vogie said:

Canada had a deal "with all the good stuff" without all this hassle,

And the UK has agreed a trade deal with Japan which puts limits of state aid. Why isn't Johnson willing to accept curbs on state aid when dealing with the EU?

47 minutes ago, vogie said:

the truth of the matter is that the EU is bricking it knowing when the UK makes a huge success of Brexit they will be toast, at the moment they are just stale bread.

As things currently stand, from 1/1/21 we will not have a trade deal with the EU nations (+/-47% of our exports/imports in goods); the US (+/-13%) or the two largest Asian economies (China/ India). We are more dependent on overseas trade than these nations, who have large domestic markets to fall back on. We are also dependent on services, which are also bound to be affected.

 

So how do you come to the conclusion that - given our current predicament - we will make a huge success of Brexit? Also what leads you to conclude that the EU will end up as (economic) toast?

[RayC]

1 hour ago, vogie said:

So what are you suggesting, we give in to the indomitable EU, bend over and let them shaft us, just to get a deal with the US.

 

 

And doesn't the alternative look attractive? Cast adrift without a friend in the world (sorry, didn't mean to offend any citizens of the Faroe Isles)

[7by7]

11 hours ago, vogie said:

Everybody wants a deal, but not necessary on the hog tied terms that are being offered by Mr Barnier.

 Please explain in what way the current terms on offer by the EU will 'hog tie' the UK.

[OneMoreFarang]

Now without his buddy Trump who will "he" trade with? Maybe the special deal with NZ?

 

But then again people voted for Boris so they deserve Boris.

I am sorry for all those other people who understand that in the world today no country can do it alone.

[nauseus]

4 hours ago, Chomper Higgot said:

Hogwash.

 

The easiest deal in history, Norway/Canadian Deal were central planks of Brexiteer arguments.

 

Added to which Rees Mogg was salivating over Trump supporting the UK.

 

 

 

Exactly what i wasn't talking about. Bravo.

 

Added to which, Trump wasn't even president then.

[Mavideol]

16 hours ago, vogie said:

There are somethings that are just not negotiable and let's not forget you have an interest in getting a deal too, or are you one of those that actually thinks you are giving us a deal from the goodness of your hearts and there is nothing in this for yourselves. 

Canada had a deal "with all the good stuff" without all this hassle, the truth of the matter is that the EU is bricking it knowing when the UK makes a huge success of Brexit they will be toast, at the moment they are just stale bread.

Vogie, I told you before and going to tell you again as it appears you are suffering from short term memory loss 555.... Canada is not the UK and the UK is not Canada, meaning Canada does NOT have a border with the EU, did you took your pills this morning

[vogie]

41 minutes ago, Mavideol said:

Vogie, I told you before and going to tell you again as it appears you are suffering from short term memory loss 555.... Canada is not the UK and the UK is not Canada, meaning Canada does NOT have a border with the EU, did you took your pills this morning

Insult me as much as you like, I just don't care. 

Just because Canada does not have a border with the EU doesn't mean that the UK has to accept any old deal that the EU should offer us. It is very apparent why the EU doesn't want to be fair, it is feared that others may not want to be ruled by the authoritive federalistic EU and may have the audacity to want to leave their little power house that is the EU.

All you are doing is forcing the UK to walk away with a no deal and you know as well as I do that all that will achieve is to cripple the already unsteady 27 nations. And whilst both parties will suffer insurmountable job losses etc, I'm afraid for your sake that the long term favours the UK, so you have two choices, either accept that the UK has very much to offer in these negotiations, and accept we want nothing to do with your rules and regulations, also accept what fishing privileges we should offer you, if you cannot accept these simple ideas you are going to be a lot worse off than you already are, because you'll be seeing long benefit queues in Berlin and Bonn and a very long line in the dole queues of Duisburg and Dusseldorf. Bon appetit.