Brexit and the Consequences

[tomorton]

The prospect of the EU enforcing a hard EU exit on the UK might be a show to discourage other national exit campaigners across the EU. Many European politicians have been very happy to beat this drum the last few months. Likewise, its possible the Canada deal failure is just a show to convince the UK the EU means business. Its not necessarily a failure by the EU machine to negotiate a deal, its quite possibly a deliberate act to make their life easier after we trigger the Article 50 process, which, as said above, has much grater economic implications for the EU than the Canada deal.

In any case, everything the EU has ever done or will ever do, on every scale, has to be seen through the lens of its primary objective, European political union. Trade and the Euro are just tools to help it lever nation states towards this end. Introduction of the single European currency under dubious compromise conditions that made its failure all too probable can be seen in this way - a remedy for these issues could be political union. Failure of the Canada deal, a tiny issue, could have been avoidable if there had already been political union. Exit of the second largest economy in Europe from the EU could likewise have been prevented, and political union would stop anyone else flying their own exit on the back of a successful Brexit.

 

[Splitlink]

The prospect of the EU enforcing a hard EU exit on the UK might be a show to discourage other national exit campaigners across the EU. Many European politicians have been very happy to beat this drum the last few months. Likewise, its possible the Canada deal failure is just a show to convince the UK the EU means business. Its not necessarily a failure by the EU machine to negotiate a deal, its quite possibly a deliberate act to make their life easier after we trigger the Article 50 process, which, as said above, has much grater economic implications for the EU than the Canada deal.

In any case, everything the EU has ever done or will ever do, on every scale, has to be seen through the lens of its primary objective, European political union. Trade and the Euro are just tools to help it lever nation states towards this end. Introduction of the single European currency under dubious compromise conditions that made its failure all too probable can be seen in this way - a remedy for these issues could be political union. Failure of the Canada deal, a tiny issue, could have been avoidable if there had already been political union. Exit of the second largest economy in Europe from the EU could likewise have been prevented, and political union would stop anyone else flying their own exit on the back of a successful Brexit.

The whole world was wartching the EU-Canada deal with interest when it fell through, because of the Belgians. If it was supposed to be a show of EU resolve, then it was an error, IMO. It showed me that the veto is a douyble-edged sword.

Apparently, from what I hear, the Europeans might be able to get their act together . I think Thursday is the deadline.

 

[sminicooper]

Attention Splitlink !

I've just heard on TV news that a Spanish Socialist party has just given way to allow the Conservatives to remain in government thus bringing to an end a long running problem and avoiding a political crisis. Why would they do this if, presumably, they want the government out?

As our resident expert on all matters Spanish, can you explain what's going on?

 

[counter_violent]

What puzzles me about remainians is, they know full well that the EU is a bag of poop and can't possibly survive, and yet they would have us stay in a completely disfunctional organisation, because we are all somehow stronger together !

Hmm, let me think about that !
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Nope, all nut cases, it's like turkeys voting for christmas

 

[Atilla]

What puzzles me about remainians is, they know full well that the EU is a bag of poop and can't possibly survive, and yet they would have us stay in a completely disfunctional organisation, because we are all somehow stronger together !

Hmm, let me think about that !
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Nope, all nut cases, it's like turkeys voting for christmas

Where have I heard that before???


1. They need us more than we do. FREE trade is in EU interest - Wasn't the Brexit camp saying somethings more important than money even if it means decades of decline. I'm sure they'll be as rational as we have been.


2. EU is breaking up anyhow and will not be here much longer - Keep taking the pills. The way Brexiters going UK may not be here much longer either. UK is better together http://www.bbc.co.uk/iplayer/episode/b080hr70/plaid-cymru-conference-2016-leaders-speech


3. Passport permissions will be granted - If not there is Equivalence which will not be drawn. EU will not change rules.


4. Nissan car industry is staying in the UK of their own free will - Yep I buy all that. Theresa May hasn't promised them none of the £9bn EU saving which is ring fenced for the NHS.


I now understand what Barjon meant with his previous post about the arrogance of the Brexit camp.

We are penciling in a lot of knowns without any certainties???

You know it all don't you sparky?

 

[Atilla]

Anthony Browne - Head of British Bankers Association

He obviously doesn't know the EU is a bag of poop and can't possibly survive!!!



Banks in the U.K. will start relocating operations out of the country by year-end, months before formal talks to leave the European Union begin, as London looks set to lose access to the EU single market, the head of the British Bankers Association said in a newspaper commentary.

International banks’ “hands are quivering over the relocate button,” Anthony Browne, chief executive officer of the banking lobby group the BBA, wrote Sunday in the Observer newspaper. “Many smaller banks plan to start relocations before Christmas; bigger banks are expected to start in the first quarter of next year.”

Without identifying any banks by name, he said lenders can’t wait until the last minute and have to “plan for the worst,” especially because “public and political debate at the moment is taking us in the wrong direction.”



Ignore him, his just another expert...

 

[counter_violent]

Oh look anther Turkey voting for Christmas...

Anthony Browne - Head of British Bankers Association

He obviously doesn't know the EU is a bag of poop and can't possibly survive!!!



Banks in the U.K. will start relocating operations out of the country by year-end, months before formal talks to leave the European Union begin, as London looks set to lose access to the EU single market, the head of the British Bankers Association said in a newspaper commentary.

International banks’ “hands are quivering over the relocate button,” Anthony Browne, chief executive officer of the banking lobby group the BBA, wrote Sunday in the Observer newspaper. “Many smaller banks plan to start relocations before Christmas; bigger banks are expected to start in the first quarter of next year.”

Without identifying any banks by name, he said lenders can’t wait until the last minute and have to “plan for the worst,” especially because “public and political debate at the moment is taking us in the wrong direction.”



Someone should tell him...

:idea:

Interesting that you mention banks.

You do realise that traditional banks will be a thing of the past, in about 20 yrs from now. Dying industry that is, being overtaken by technology. Do keep up !

 

[Oscar Reed]

We don't have a bank account anymore, stopped dealing with them 12 months ago.

Still own some banks shares.

http://www.forbes.com/sites/laurash...intech-spells-trouble-for-banks/#47dcbd58447d

http://www.chinadailyasia.com/asiaweekly/2016-08/12/content_15478469.html

 

[Atilla]

Interesting that you mention banks.

You do realise that traditional banks will be a thing of the past, in about 20 yrs from now. Dying industry that is, being overtaken by technology. Do keep up !

Rules, legislation and good governance will however, still be with us.

Nobody talks much about sovereignty or excessive regulation of the EU anymore. Some say Federal Europe is dead but I hear strong unified message coming from the EU thus far. Perhaps the difficult lady needs to make few more trips to have her way in attempts to break down European ranks.

On the other hand we have voices of dissent from UK Nations as the difficult lady tries to head off cracks in her own ranks :idea:

You sure you Brexiters have a correct handle on events. I do hope so. On the other hand we have UKIP elections coming our way where candidates are trying to out do each other on who's more patriotic whilst sinking the UK. Gotta laff out loud otherwise I'll end up crying.


On a serious note, personally, I feel our negotiation strategy is all wrong. At the moment we are playing a weak hand as if it is strong. All this preparation behind closed doors and not showing our hand is just weakness and fraction in the Conservative party which is bigger than in opposition from Labour or Liberals is plain to see.

I would suggest we take the approach that we would like to stay in EU very much but have to conform with the referendum and key word being 'reluctantly' looking at leaving. This may coax a better offer or more accommodating response from the EU. As it stands we have a parliamentary opposition building up, UK unity up in the air and a very uncertain environment that's stopped business investment with a clamber for office space and offers abroad.


Whether banks or the EU will exist in another 20 years or not instead of inducing a self inflicted recession and turmoil on our selves we should continue with our global position and milk the system to our advantage whether EU succeeds or fails. That'll be easier to achieve within than from the outside.


Saying stuff the finance industry banks will not be here in another 20 years is pretty feeble response to what the BBA head is saying to the UK.

 

[Atilla]

There are three key areas the FinTech evolution has to address...

1. Consumer

2. Business

3. Government

As mentioned rules, legislation and governance can still either enable or disable the development of the finance industry.

Requirements of all three market segments are considerably different.

We should not confuse the issue with mobile app & bit-coin payments running away with them selves.


Either way Brexit doesn't impede on UK's response to the development and evolution of finance.

Some say with the increasing mountain of debt and potential melt down gold and commodities may even get a look in. What then?

 

[tar]

Bitcoins ! Lol not this pyramid scam again .

Banks are here to stay - not in London - banks are much bigger than just opening a checking account with them . And without the financial industry London is just a nice tourism destination , I am really surprised how peeps don't know about the importance of the financial section to London .

Btw whatever deal the uk may be able to get from the EU London financial business is over endex finito .

And the deal breaker is when the UK falls apart which will happen after brexit no matter what its just a matter of time .

Cable trend is down parity is not out of the question within years to come and parity with other commonwealth currencies is a reasonable target within few decades . And yes there will be rallies but the trend is down like the trend of the UK was down from the fall of the empire , brexit is just the continuation of the trend .

Regards

 

[forker]

Rules, legislation and good governance will however, still be with us.

Nobody talks much about sovereignty or excessive regulation of the EU anymore. Some say Federal Europe is dead but I hear strong unified message coming from the EU thus far. Perhaps the difficult lady needs to make few more trips to have her way in attempts to break down European ranks.

On the other hand we have voices of dissent from UK Nations as the difficult lady tries to head off cracks in her own ranks :idea:

You sure you Brexiters have a correct handle on events. I do hope so. On the other hand we have UKIP elections coming our way where candidates are trying to out do each other on who's more patriotic whilst sinking the UK. Gotta laff out loud otherwise I'll end up crying.


On a serious note, personally, I feel our negotiation strategy is all wrong. At the moment we are playing a weak hand as if it is strong. All this preparation behind closed doors and not showing our hand is just weakness and fraction in the Conservative party which is bigger than in opposition from Labour or Liberals is plain to see.

I would suggest we take the approach that we would like to stay in EU very much but have to conform with the referendum and key word being 'reluctantly' looking at leaving. This may coax a better offer or more accommodating response from the EU. As it stands we have a parliamentary opposition building up, UK unity up in the air and a very uncertain environment that's stopped business investment with a clamber for office space and offers abroad.


Whether banks or the EU will exist in another 20 years or not instead of inducing a self inflicted recession and turmoil on our selves we should continue with our global position and milk the system to our advantage whether EU succeeds or fails. That'll be easier to achieve within than from the outside.


Saying stuff the finance industry banks will not be here in another 20 years is pretty feeble response to what the BBA head is saying to the UK.

The eu had its chance to do a deal but told Cameron to pïssoff

 

[Oscar Reed]

Bitcoins ! Lol not this pyramid scam again .

Banks are here to stay - not in London - banks are much bigger than just opening a checking account with them . And without the financial industry London is just a nice tourism destination , I am really surprised how peeps don't know about the importance of the financial section to London .

Btw whatever deal the uk may be able to get from the EU London financial business is over endex finito .

And the deal breaker is when the UK falls apart which will happen after brexit no matter what its just a matter of time .

Cable trend is down parity is not out of the question within years to come and parity with other commonwealth currencies is a reasonable target within few decades . And yes there will be rallies but the trend is down like the trend of the UK was down from the fall of the empire , brexit is just the continuation of the trend .

Regards

Peer-to-peer lending will finish banks.

1. Consumer = winner
2. Business = winner
3. Goverenment - can't stop it

Take away business loan's and mortgages game over for banks.

 

[Oscar Reed]

Are you a paedophile?

No you are very sad.

 

[Atilla]

No you are very sad.

Care to explain your choice of pic which I don't find appropriate!

How old are you?

 

[Oscar Reed]

Care to explain your choice of pic which I don't find appropriate!

How old are you?

Two runners that went to Rio.

 

[Atilla]

Two runners that went to Rio.

That makes sense why not put their names so recognition can be gained.

Simply put, I just don't like you or your humour.

Have a good day.


These ladies went to Rio too

 

[counter_violent]

 

[counter_violent]

Not looking at all good for the remainians case is it

http://www.bbc.co.uk/news/business-37786467

Elsewhere they are all banging on about inflation risk cos of devaluation of the pound.

Well, here's how it works. If the cost of imported food and goods goes up, then farmers and manufacturers in the UK can get busy growing and making stuff because there will be an opportunity to profit.

Seems to me like we can only go from strength to strength. :clap:

 

[tar]

http://uk.businessinsider.com/trade...anks-passporting-article-50-2016-10?r=US&IR=T

"It is the clearest signal from a government minister that a key tenant of London's financial success could be destroyed by Brexit and is devastating news for banks."