Brexit process

emordnilap · Post by **emordnilap** » 19 Jul 2017, 09:57

Yes, this happens to be the Brexit thread but, no matter what the dispute, no matter which way you personally lean, that man is a nuisance, an interfering has-been.

raspberry-blower · Post by **raspberry-blower** » 21 Jul 2017, 11:14

IRONY ALERT

Don Quijones: Did the City of London just press the panic button on Brexit?

If the Cityâ€™s euro-denominated clearing operations are relocated to the continent, thereâ€™s a risk that other operations will follow in their wake. That could be a major problem for a country that has grown so dependent on the financial industry. Almost 2.2 million people work in financial and related services such as accounting and law, two-thirds of them outside London. They produce nearly 12% of the UKâ€™s GDP, 11% of its tax take, and a net trade surplus of Â£72 billion ($104 billion).

One of the glaring ironies of the Brexit debate is the extent to which the UK has benefited from the creation of the euro, despite not being a member. Since the creation of the single currency at the turn of the century, Britainâ€™s share of key financial markets has exploded. London is now home to almost one-half of the entire global interest-rate OTC derivatives market, compared to 35% in 2001. Its share of global forex turnover increased from 33% to 41% between 2001 and 2014. And its share of global hedge fund assets doubled, from 9% to 18%.

All just in time for the next major financial crash

Post by **kenneal - lagger** » 21 Jul 2017, 11:49

Could it be an advantage to the tax payer to get rid of the derivative market before the next crash as a big proportion of that market is insurances against the next crash?

emordnilap · Post by **emordnilap** » 21 Jul 2017, 12:02

kenneal - lagger wrote:Could it be an advantage to the tax payer to get rid of the derivative market before the next crash as a big proportion of that market is insurances against the next crash?

Possibly. But there isn't time.

Post by **kenneal - lagger** » 22 Jul 2017, 17:49

Lord Beria3 wrote:We would unilaterally offer that status in the event of a no deal because it is in the UKs best interests.

We might not if the EU started chucking our UK citizens.

From what I've heard the EU want EU citizens living in the UK to be able to access and be bound by EU laws and courts. You can't have two classes of citizen in this country, any country for that matter. The next thing would be some people demanding that they be governed by Sharia Law - or have we had that already?

johnhemming2 · Post by **johnhemming2** » 22 Jul 2017, 18:53

kenneal - lagger wrote:From what I've heard the EU want EU citizens living in the UK to be able to access and be bound by EU laws and courts.

There is always a question as to how international agreements are enforced. Normal practice is to an an international court of justice of some form.

Potemkin Villager · Post by **Potemkin Villager** » 24 Jul 2017, 10:34

kenneal - lagger wrote:
You can't have two classes of citizen in this country, any country for that matter.

I must disagree Ken, there are many classes of citizen in the UK. Most classes are subject to the rule of law whilst one invents and administers laws that suit its own interests and feels that inconvenient laws and regulation (e.g. fire regulations) do not apply to them only to little people.

vtsnowedin · Post by **vtsnowedin** » 24 Jul 2017, 10:51

Potemkin Villager wrote:
kenneal - lagger wrote:
You can't have two classes of citizen in this country, any country for that matter.
I must disagree Ken, there are many classes of citizen in the UK. Most classes are subject to the rule of law whilst one invents and administers laws that suit its own interests and feels that inconvenient laws and regulation (e.g. fire regulations) do not apply to them only to little people.

There are at least three classes everywhere. Class one.;The rich with plenty of property, money and power, Class two; those that are employed but spend much time "Bills paid broke" and class three; the poor that have no job, money or power.

Little John · Post by **Little John** » 24 Jul 2017, 11:09

vtsnowedin wrote:
Potemkin Villager wrote:
kenneal - lagger wrote:
You can't have two classes of citizen in this country, any country for that matter.
I must disagree Ken, there are many classes of citizen in the UK. Most classes are subject to the rule of law whilst one invents and administers laws that suit its own interests and feels that inconvenient laws and regulation (e.g. fire regulations) do not apply to them only to little people.
There are at least three classes everywhere. Class one.;The rich with plenty of property, money and power, Class two; those that are employed but spend much time "Bills paid broke" and class three; the poor that have no job, money or power.

That's very Marxist of you......

Ruling Class

Bourgeoisie
Petit Bourgeoisie

Proletariat
Lumpen Proletariat

emordnilap · Post by **emordnilap** » 22 Aug 2017, 11:13

fuzzy wrote:If we've got the wind up the surrender monkeys, let's get rid of the CAP

Hear hear.

Little John · Post by **Little John** » 23 Sep 2017, 13:00

So, following Corbyn's betrayal of the EU referendum result and now followed by May's betrayal of it - I will be voting for whichever party promises to carry it out. I don't give a shit if they are the f***ing British Nazi party so long as they carry it out.

This is what it has come to for me and, I suspect, millions of others.

A whirlwind is being sown. We shall all be reaping it in due course.

fuzzy · Post by **fuzzy** » 23 Sep 2017, 13:23

I feel your anger, but I never thought it would succeed.

Griffin tells whitehall, whitehall tells buffoons in [every] govt.

https://en.wikipedia.org/wiki/City_of_L ... orporation

cubes · Post by **cubes** » 23 Sep 2017, 19:21

Little John wrote:So, following Corbyn's betrayal of the EU referendum result and now followed by May's betrayal of it - I will be voting for whichever party promises to carry it out. I don't give a shit if they are the ******* British Nazi party so long as they carry it out.

This is what it has come to for me and, I suspect, millions of others.

A whirlwind is being sown. We shall all be reaping it in due course.

What's being betrayed here? I think you'll find you have less support for you opinion among the general public than you think you do. There may possible still be a majority for brexit, but it's not and never was for a hard totally leave the eu/sm/cu type brexit.

boisdevie · Post by **boisdevie** » 23 Sep 2017, 20:16

cubes wrote: What's being betrayed here? I think you'll find you have less support for you opinion among the general public than you think you do. There may possible still be a majority for brexit, but it's not and never was for a hard totally leave the eu/sm/cu type brexit.

The electorate voted to leave. Would you prefer we keep running a fresh vote until you get the result you prefer?

Post by **clv101** » 23 Sep 2017, 21:04

boisdevie wrote:
cubes wrote: What's being betrayed here? I think you'll find you have less support for you opinion among the general public than you think you do. There may possible still be a majority for brexit, but it's not and never was for a hard totally leave the eu/sm/cu type brexit.
The electorate voted to leave. Would you prefer we keep running a fresh vote until you get the result you prefer?

I certainly support the idea of a public referendum on the terms of our exit. It may well be the case that in 2019 (or 2021 now!?) there'll be very little support for actually going through with the reality of Brexit. At the very least it makes sense to check because it'd be pretty daft to do something that the majority thought was a bad idea!

May's speech seems pretty poor though. And the proposed two year transition period not going to make anyone happy. Proponents of a hard Brexit will see it as two years of slippage, but worse than that, two years of still paying, still accepting free movement, but losing what influence we had. Proponents of a soft Brexit will just see it a weak can-kicking exercise doing little to address their concerns. The 'risk' is that this transition period gets extended over and over and becomes the new normal.

Anyway, there are a lot more twists to come. Something will happen by the end of the Tory conference to upset their tenuous grip of power, May won't contest the next election, which will happen before Brexit... interesting times.