Uhhhh yes, that's kind of what I was saying.
In a round a bout way. The UK would lose Scotland this reducing the size of the UKs economy.
Uhhhh yes, that's kind of what I was saying.
In a round a bout way. The UK would lose Scotland this reducing the size of the UKs economy.
A nice summary of existing trade agreements with the EU Pat. However, I think our negotiators should not be going for any of those but instead a tailored British trade agreement. We have a GDP that is more than Canada, Switzerland and Norway put together so our hand is certainly not as weak as some people imagine. Plus of course there is our large trade deficit with the EU.
This is an excellent well balanced article from Ambrose Evans-Prichard in the Telegraph.
http://www.telegraph.co.uk/business/...fore-the-next/
He doesn't try to under estimate the challenges facing the UK economy but demonstrates that the eurozone is vulnerable. It is not in their interests to play hard ball.
With regard to the drop in the value of Sterling, far from it being a problem, he argues that it hasn't fallen enough. We already have a large current account deficit so having a floating currency acts as a nice shock absorber rather like it did in 1992 when the UK came out of the ERM.
But that doesn't necessarily mean a reduction in GDP per capita. Although it certainly would mean that for Scotland.Originally Posted by shaunaneto
Under articles 46 and 47 of the Markets in Financial Instruments Regulation (Mifid), banks outside the European Union can be given a passport provided the rules in their home nation were as good as those inside the EU.
It would be difficult for the EU to claim that the rules in the UK were not.
Further reforms called Mifid II are set to be introduced by 2018 which will extend the ability of non-EU banks to trade in the EU.
These rules will allow banks to do some cross-border business with EU states if they are judged to be in a well-regulated environment – and the UK would likely pass that test - unless maybe the Labour party get in
Richard Taylor
"William Tell could take an apple off your head. Taylor could take out a processed pea."
Sid Waddell
A valid point muddy if I was saying per capita would be reduced.
I thought that was what you were implying when you said you're bins wouldn't be collected so often and that you'd have to make sure you had no dental problems.
Oh not quite. I live in Fife and Scottish Independence will almost likely mean public service cuts. Fairly severe ones as well by the looks of the budget deficit.
At least in the medium term. Long term, feck knows.
I see Boris is out of the running
Cameron must be thinking 'WTF'.....!!
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