How the EU's deal coming along?Quote:
Originally Posted by molehill
At least Australia has one with China as does Switzerland and even tiny Iceland.
Printable View
How the EU's deal coming along?Quote:
Originally Posted by molehill
At least Australia has one with China as does Switzerland and even tiny Iceland.
There you go! I'll get back under my bridge now 😉Quote:
Originally Posted by Derby Tup
I see Hollande was quite unequivocal on the whole "can we have the best of both worlds" question. He said if you want access to the single market, you need to accept free movement of people.
How do people think this will play out? On the one hand I agree they want access to our market and goods as much as we do theirs. On the other hand, they don't want to give any indication to other countries that it's easy to leave the EU.
Depends whether they decide paying tarrifs to sell in the UK is a lesser penalty than stepping down on free movement. The EU has a habit of maintaining the status quo regardless of what might be best.
On the flip side, I think our politicians are more than capable of ignoring the electorate and bodge a Norway style deal. Both of which involve the UK paying up.
The electorate only voted to leave the EU, not how to leave it.
They can't can't be seen to give the UK a better deal than EFTA. It so there would not just be the UK involved in the negotiations.
[QUOTE=noel;626200]I see Hollande was quite unequivocal on the whole "can we have the best of both worlds" question. /QUOTE]
Unless it is running two mistresses at the same time?
Why not? They have given a better deal to Canada - if it ever gets over the finish line.Quote:
Originally Posted by DrPatrickBarry
Don't confuse access to the single market with being in it.
The EU cannot actually stop access. The worst case scenario is WTO tariffs and it isn't a bad scenario for us.
Hollande probably doesn't want to be party to granting the UK tariff free trade, but the option is to shoot himself and particularly Germany and the rest of the longer standing EU countries in the foot.
If tariffs are introduced, even my little business will move some of my EU sourcing to the Far East. I'd actually save money, so it would benefit me. But at the moment I chose not to as the saving is only between 5 & 10% and requires more capital commitment due to larger orders and longer lead time.
Just imagine the impact on EU wine, if we end up with tariffs and then strike trade deals with Australia, New Zealand, South Africa.......
There's even a case for saying let them put in tariffs and be damned, and we just opt for tariff free imports anyway.
As to wine it has been said that if it was bought on quality rather than reputation then only wine from the southern hemisphere would be consumed, particularly from South America, and that all the vines in France would be pulled up and replaced with potatoes. So, potentially, in wine sales at least, the EU does have a lot to lose.
One for the Brexiteers
http://uk.reuters.com/article/uk-gsk...-idUKKCN1070HY
So the tale of doom and gloom by the remain has not yet come to fruition.
We don't Brexit for another 2+ years, fruition could yet come.Quote:
Originally Posted by Stagger
Very true, all these people who think the success/failure of Brexit will be known in a month after the vote.Quote:
Originally Posted by molehill
Maybe in 20/30 years time economists may be able to analysis the UKs economic performance over the previous 20 years and decide if it was good or bad OVERALL as there are bound to be both positives and negatives to it.
Very true - it was a matter of 24 hours actually when many Remainers were pointing to the FTSE in anger. Now they are saying we can't tell in a matter of a month.Quote:
Originally Posted by DrPatrickBarry
Of course you can't and we never will know as it is almost impossible to revisit previously made decisions.
I think what you'll find Dr is that in 20/30 years time economists will produce a model that backs up their previous assertions.
Our shares portfolio have reached an all time high, I was somewhat puzzled by this and asked the broker. He explained that most British companies were well down, but the main contributory factor was that the value of the £ has bombed against the $, so on paper everything has suddenly gone up 10%.
That was my understanding of it.
Buying a UK share is like buying a UK pint of beer and if you have $100 you can now get an extra 3 pints compared to 5 weeks ago.Quote:
Originally Posted by molehill
So I imagine US investors are piling in to UK stocks as they are good value.
It's quite complex though as the dividends are paid in sterling so they are 10% lower and if the £ goes back the other way though and they want to sell.......
But this is how our floating currency works as a balancing factor for our economy, something the Euro deprives those member states from doing, to the benefit of Germany and the detriment of club Med. If Italy (for example) could float off with an IT Euro and devalue it would help them in the medium to long term.
Is owning shares ethical for a socialist?
depends.
Nice here in Turkey this time of year. 35 - 40 degrees and all the local's as happy as can be with their Efes! Enjoying it.
Shares in fruit teas and other infusions is ok. Shares in Yorkshire tea or PG tips is definitely not.Quote:
Originally Posted by MattPo
As Marx said to Engels "all proper tea is theft".
Ask Derek HattonQuote:
Originally Posted by MattPo
Is Derek Hatton ethical?
He's a Scouser and supports Everton, so that must make him fairly ethical.
No, but Socialists rarely are underneath the surface. He's just a great example of a Champagne Socialist.Quote:
Originally Posted by shaunaneto
https://www.youtube.com/watch?v=lrfhf1Gv4Tw
Anyone got any significant updates?
If Olympic performances are anything to go by, we will do very well post Brexit. Certainly good publicity on a world stage.
It is great publicity and the lottery funding clearly has made a big difference to most of the sports, but strangely not to athletics.Quote:
Originally Posted by Alan Lucker
Strip out Mo who has his own team behind him and it's been well below par, with 2 relay bronzes at the end maybe just pulling them out of the sticky stuff.
http://powerof10.info/athletes/athleteslookup.aspx
When you look at the list of funded athletes, not many came up with the goods, in fact not many of them actually made it to the games.
Promising runs, such as Buchart and Hawkins, came from unfunded athletes.
My sector (textiles) is the best it's been for quite a while. Historically probably since before the 2007 crisis, and recently certainly the most buoyant it's been in the last 12 months. As a 70 year customer in the Borders said today, long may it continue
Human Rights Act on the way out.
This came out last year if you fancy a peruse http://news.bbc.co.uk/1/shared/bsp/h...umanrights.pdf
And a completely unbiased view from The Canary :p
http://www.thecanary.co/2016/08/25/t...out-traingate/
Japan has warned Britain that its banks, car manufacturers and pharmaceutical companies may leave the UK for Europe if Brexit leads to the loss of tariff-free trade.
http://www.telegraph.co.uk/news/2016...as-wrong-to-v/
http://www.bbc.co.uk/news/uk-politics-37271420
Speaking in China, the PM denied she had "gone soft" on migration and said people backed Brexit because they wanted "an element of control".
http://www.theguardian.com/politics/...nsus-on-brexit
He signalled that Britain would be seeking “access” to the single market but not necessarily full membership. “This government is looking at every option, but the simple truth is that if a requirement of membership is giving up control of our borders I think that makes it very improbable.”
http://www.telegraph.co.uk/news/2016...-move-quickly/
This sets out my preferred position pretty well. We shouldn't be concerned about WTO terms.
No marmite in Tesco due to brexit!!!
Good...hate marmite!
It's swings and roundabouts, exporters are doing better, importers are doing worse. The importers are usually big business capitalists who've reaped the rewards of importing cheaply from BRIC economies, and gained personal wealth as a result. It's unfortunate that they have as much sway as they do, as they have a shot at overturning the public vote by pushing for some kind of parlimentary vote relating to terms of exit. It's no more complicated than the rich fighting tooth and nail to keep on getting richer.
I wonder how many other companies are thinking of raising prices and blaming it on Brexit? You can't blame a fox for being cunning.
...nor the electorate for living in cloud cuckoo land (aka a state of absurdly over-optimistic fantasy or unrealistically idealistic state where everything is perfect as notably espoused by Mrs Sturgeon).Quote:
Originally Posted by noel
Quite a lot of the exporting requires importing to happen. Small island, limited resources! And we're rather unlikely to regain that 'captive' market and supply base from the good ol' days.Quote:
Originally Posted by mr brightside
She still doesn't (or refuses to acknowledge her understanding) understand this logic.Quote:
Originally Posted by dominion
The clue is in the title BREXIT I.e. BRITAIN voted to leave the European Union.
The f*cking idiots who voted for Brexit must be wondering if life is so rosy now?
Nicola Sturgeon does understand the logic. But she wants to change the premises on which the logical argument is founded.Quote:
Originally Posted by Alan Lucker