Current Affairs

[towny44]

The pound being devalued illustrates exactly why the Euro doesn't work. The devaluation has enabled exporters to thrive and brought millions of additional tourists here, helping to boost our economy at a time of change.

You might find this interesting....
http://www.telegraph.co.uk/business/201 ... -weakness/

Greece on the other hand is bound to the Euro. And when their economy crashed the inability to devalue has pushed them deeper into crisis, unemployment and debt to the all powerful Germany.

I think we are about to find out the repercussions of the ability to devalue.

I well remember that saying by the infamous Huddersfield old boy, Harold Wilson, "the pound in your pocket remains unchanged".

[oldbluefox]

Lets' get one thing clear Jack and I'm sure we'd agree on this point.

The EU are not our friends.

They are in actual fact, trying their damdest to have us over.

That is you, me and every single tax payer in the UK.

They are trying to poach away City of London business (can't blame them for that) and anything else that they can get away with.

They have presented a ridiculous divorce bill when until now, no one even realised we were married.

They have openly blocked EVERY UK proposal while coming back with nothing themselves.

They are openly ridiculing the UK negotiators while offering nothing constructive except 'not acceptable' and 'clarity'.

In a nutshell, they are floundering and have nothing to bring to the table. Barnier is ensuring the hardest of hard Brexit because they simply don't know how to negotiate.

As each day passes, I become more convinced that the UK will just crash out, leave totally, with no interim period and then the EU politicians will have to explain why to their own citizens.

All we are looking to do is leave an alliance that doesn't suit our purposes after shelling out billions to help keep it afloat.

I see the ECB has continued with it's Ponzi QE for another quarter.

All is not as rosy in the garden as Deniers seem to think.

A crash out will be bad for us, but just as bad for many EU countries.

We have hotelier friends in Malt who are literally pooing themselves if the UK goes into recession as that is the bulk of their business.
Who will fill those hotel beds, Albanians?

Spot on barney, and the denyers are encouraging Barnier & Co in the hope that Brexit will fail or become so watered down that it will be Remain under a different guise.

[Jack Staff]

Lets' get one thing clear Jack and I'm sure we'd agree on this point.

The EU are not our friends.

They are in actual fact, trying their damdest to have us over.

That is you, me and every single tax payer in the UK.

They are trying to poach away City of London business (can't blame them for that) and anything else that they can get away with.

They have presented a ridiculous divorce bill when until now, no one even realised we were married.

They have openly blocked EVERY UK proposal while coming back with nothing themselves.

They are openly ridiculing the UK negotiators while offering nothing constructive except 'not acceptable' and 'clarity'.

In a nutshell, they are floundering and have nothing to bring to the table. Barnier is ensuring the hardest of hard Brexit because they simply don't know how to negotiate.

As each day passes, I become more convinced that the UK will just crash out, leave totally, with no interim period and then the EU politicians will have to explain why to their own citizens.

All we are looking to do is leave an alliance that doesn't suit our purposes after shelling out billions to help keep it afloat.

I see the ECB has continued with it's Ponzi QE for another quarter.

All is not as rosy in the garden as Deniers seem to think.

A crash out will be bad for us, but just as bad for many EU countries.

We have hotelier friends in Malt who are literally pooing themselves if the UK goes into recession as that is the bulk of their business.
Who will fill those hotel beds, Albanians?

Barney, I consider Europeans to be our friends because whether you like it or not, you are one too (my apologies if you were in fact not born in Europe, but from your comments I assume you are from Britain).
They are doing exactly what they said they would - remember project fear?
The city of London is the main clearing for €. It is inconceivable to have that outside of the EU.
48% realised the relationship we had with the EU.
Up until now the UK has proposed cake and eat it. The EU are saying exactly what they said they would - remember project fear?
The world is ridiculing the UK and its negotiators, not just the EU. I agree with them, we are offering nothing except "constructive ambiguity" which is 'not acceptable' and does need 'clarity'.
They do not need to bring anything to the table. We are the ones who wanted to leave. They seem very good at negotiating, so far everything in the negotiations has gone the way they said it would. We have not won a single set. It is obvious who is going to win the match.

Here is a point we may be able to agree on. The UK is heading towards crashing out. Not hard Brexit. But a real crash. That will be a bit inconvenient for the EU, it will be devastating for the UK. I expect they will explain it to their EU citizens with a Gaelic shrug of the shoulders. The UK politicians will of course blame the EU.

Of course the Bank of England have never used Ponzi QE????? QE does cause inflation, with them suffering an August inflation rate of 1.5%. Under the control of our Glorious leader we are blessed with a rising July rate of 2.6%.

To me this whole situation has been caused by the lies put out by the Leave side, especially Farage. They said it would be easy, well its not.

[oldbluefox]

To me this whole situation has been caused by the lies put out by the Leave side, especially Farage.

Remind me. What lies were these? Of course there were no exaggerations in Project fear were there. What happened to George Osborne's doom and gloom emergency budget which was going to prevent us going to hell in a handcart?

[Jack Staff]

To me this whole situation has been caused by the lies put out by the Leave side, especially Farage.

Remind me. What lies were these? Of course there were no exaggerations in Project fear were there. What happened to George Osborne's doom and gloom emergency budget which was going to prevent us going to hell in a handcart?

We send the EU £350 Million a week
Brexit will be good for the economy
They need us more than we need them
Turkey is Joining and 70 million people will come

...and there is loads more.

Maybe we should have had that budget, because we certainly are going to hell in a handcart at the moment!

[oldbluefox]

Without the rebate £350 million would be right. We still send £245 million a week.
Ultimately I believe Brexit will be good for the economy. FTSE isn't doing too badly so far.
They need us more than we need them.
How long before others join us? It's only a matter of time.

Next?

So what did happen to George's emergency budget?

[Stephen]

Sounds like they owe us money, or am I talking bo**ocks.

[towny44]

To me this whole situation has been caused by the lies put out by the Leave side, especially Farage.

Remind me. What lies were these? Of course there were no exaggerations in Project fear were there. What happened to George Osborne's doom and gloom emergency budget which was going to prevent us going to hell in a handcart?

We send the EU £350 Million a week
Brexit will be good for the economy
They need us more than we need them
Turkey is Joining and 70 million people will come

...and there is loads more.

Maybe we should have had that budget, because we certainly are going to hell in a handcart at the moment!

Well Jack if our destination is hell then that's fine by me as it looks a hell of a lot rosier than staying in the EU, just a shame that all the remoaners won't be able to stay in the EU, we would certainly put on great farewell party for you as you leave.

[Jack Staff]

Without the rebate £350 million would be right. We still send £245 million a week.

£156 million is the actual figure you are looking for
http://news.sky.com/story/britain-made- ... 7-10978129

Ultimately I believe Brexit will be good for the economy. FTSE isn't doing too badly so far.

"The reason they're doing so is the same as it always has been of course, the fact that the largest stocks in London earn largely not in sterling. Thus the value of the stocks moves inversely to the value of the pound." https://www.forbes.com/sites/timworstal ... 79f5d86f83

So the FTSE not doing too badly, is in fact an indication of the economy failing.

They need us more than we need them.

17 percent of EU exports go to the U.K., 44 percent of U.K. exports go to the EU. So we need them far more than they need us.

How long before others join us? It's only a matter of time.

Hell freezing over springs to mind.

Next?

So what did happen to George's emergency budget?

His boss ran away.

[Jack Staff]

.... just a shame that all the remoaners won't be able to stay in the EU, we would certainly put on great farewell party for you as you leave.

We will shortly be seeing a new wave of immigrants, sorry ex-pats, turning up on our shores because of Brexit. Pensioners mostly, suffering with all that that brings. A real drain on our social services and NHS. Unfortunately, we have decided to kick out so many of our doctors and nurses just when we will need them. We are even kicking out the bum wipers.

[Mervyn and Trish]

Yawn.

So any views on cruising this week Jack?

[oldbluefox]

Without the rebate £350 million would be right. We still send £245 million a week.

£156 million is the actual figure you are looking for
http://news.sky.com/story/britain-made- ... 7-10978129

Not according to this link:
http://www.telegraph.co.uk/news/0/how-m ... t-pay-for/
or this:
https://fullfact.org/europe/our-eu-memb ... 5-million/
Don't believe everything Sky tells you.

[Jack Staff]

Yawn.

So any views on cruising this week Jack?

Past your bedtime Merv?
I didn't think you were interested in my "opinions", but I am looking forward to our Norwegian voyage!

[Mervyn and Trish]

At least it will be outside the EU Jack

[Jack Staff]

Without the rebate £350 million would be right. We still send £245 million a week.

£156 million is the actual figure you are looking for
http://news.sky.com/story/britain-made- ... 7-10978129

Not according to this link:
http://www.telegraph.co.uk/news/0/how-m ... t-pay-for/
or this:
https://fullfact.org/europe/our-eu-memb ... 5-million/
Don't believe everything Sky tells you.

I certainly don't believe everything on Sky. However they are pretty close to the figure in your second link "So the UK’s ‘net contribution’ was estimated at about £8.6 billion." /52=£165m per week.

[Jack Staff]

At least it will be outside the EU Jack

Still in the single market though.

[oldbluefox]

It must be wonderful to live in a world which is so committed to this failed experiment. I am not sure who it benefits but is certainly not the part of the country where I live.
The EU is held in such high esteem in some quarters I cannot believe the rest of the world are not clamouring to be a part of it or taking it as a model for their own alliances.
The truth is there is a whole world out there (many of whom already trade with the EU without the nonsense of free movement or adherence to the European Court) and after Brexit the UK will be able to trade freely without being dictated to by our Brussels masters. Bring it on.

[Mervyn and Trish]

Hear hear

[Jack Staff]

It must be wonderful to live in a world which is so committed to this failed experiment. I am not sure who it benefits but is certainly not the part of the country where I live.
The EU is held in such high esteem in some quarters I cannot believe the rest of the world are not clamouring to be a part of it or taking it as a model for their own alliances.
The truth is there is a whole world out there (many of whom already trade with the EU without the nonsense of free movement or adherence to the European Court) and after Brexit the UK will be able to trade freely without being dictated to by our Brussels masters. Bring it on.

Even die hard Brexiters disagree with you there....

"One can say, unequivocally, that the UK could not survive as a trading nation by relying on the WTO Option. It would be an unmitigated disaster, and no responsible government should allow it. The option should be rejected."

http://www.leavehq.com/blogview.aspx?blogno=128

[towny44]

It must be wonderful to live in a world which is so committed to this failed experiment. I am not sure who it benefits but is certainly not the part of the country where I live.
The EU is held in such high esteem in some quarters I cannot believe the rest of the world are not clamouring to be a part of it or taking it as a model for their own alliances.
The truth is there is a whole world out there (many of whom already trade with the EU without the nonsense of free movement or adherence to the European Court) and after Brexit the UK will be able to trade freely without being dictated to by our Brussels masters. Bring it on.

Even die hard Brexiters disagree with you there....

"One can say, unequivocally, that the UK could not survive as a trading nation by relying on the WTO Option. It would be an unmitigated disaster, and no responsible government should allow it. The option should be rejected."

http://www.leavehq.com/blogview.aspx?blogno=128

Jack, I think that most people accept that there will have to be some sort of customs union with the EU, but certainly not one that is under the sole ECJ rules. Of course it is complicated but we already comply with all the necessary regulations for our exports to be permitted to enter the EU, so unless the EU really do not want a trade agreement with us, and I doubt that the good burghers of Munich, Stuttgart and Wolfsburg will be very happy about that, then trade will continue to flow after we leave. Bring it on.

[Jack Staff]

Jack, I think that most people accept that there will have to be some sort of customs union with the EU, but certainly not one that is under the sole ECJ rules. Of course it is complicated but we already comply with all the necessary regulations for our exports to be permitted to enter the EU, so unless the EU really do not want a trade agreement with us, and I doubt that the good burghers of Munich, Stuttgart and Wolfsburg will be very happy about that, then trade will continue to flow after we leave. Bring it on.

I sincerely hope you are right.
But things are moving fast. By most people I assume you mean British, as that is not what I am hearing from the continent.
As I mentioned earlier, the prospects of a hard Brexit are diminishing.
We are the gambler that has lost. We are now doubling down with the threat of walking.
Why? Because people in power are putting party before country. They do not have our interests at heart.
The negotiations have little to do with the EU. They stated their position and are sticking to it. The negotiations are really for your Redwoods, IDSs, Jacob Real-Smuggs ...

The EU don't need us, they would like us to stay but, we voted so...
They will do very well from the City business and the relocating car manufacturers. The Chinese will buy what's left in the fire sale.

[barney]

Blimey Jack, are you a manic depressive ?

Our country has managed to do pretty well for numerous centuries, but will end a as nation simply by leaving the EU, after 40 years membership??

We might as well spend all of our money on cruises and then top ourselves.

I think that the end game will be that life goes on pretty much as it does now.

[oldbluefox]

It must be wonderful to live in a world which is so committed to this failed experiment. I am not sure who it benefits but is certainly not the part of the country where I live.
The EU is held in such high esteem in some quarters I cannot believe the rest of the world are not clamouring to be a part of it or taking it as a model for their own alliances.
The truth is there is a whole world out there (many of whom already trade with the EU without the nonsense of free movement or adherence to the European Court) and after Brexit the UK will be able to trade freely without being dictated to by our Brussels masters. Bring it on.

Even die hard Brexiters disagree with you there....

"One can say, unequivocally, that the UK could not survive as a trading nation by relying on the WTO Option. It would be an unmitigated disaster, and no responsible government should allow it. The option should be rejected."

http://www.leavehq.com/blogview.aspx?blogno=128

That wasn't what I was saying, Jack. My point is that there are numerous countries trading with each other, and with countries within the EU who do not have to comply with immigration issues or the ECJ as are being insisted upon by the EU before they will enter trade talks.
The Remain lobby persist in their argument that we will cut ourselves off entirely from Europe and all EU citizens who have migrated here will have to return home. This is not true. Barnier is refusing to discuss these issues in the same way the EU refused to discuss anything until Article 50 was invoked.

You later say "Why? Because people in power are putting party before country. They do not have our interests at heart", and then go on to mention Tory MPs. Actually Reece-Mogg's stance is, and always has been unequivocal. Oddly you haven't mentioned Corbyn and the Labour Party doing a complete about turn presumably to try and capture the Remain vote?

I agree with barney (again!!) that once we plough through all this nonsense life will go on pretty much as it does now but without our Brussels overlords.

[anniec]

.... just a shame that all the remoaners won't be able to stay in the EU, we would certainly put on great farewell party for you as you leave.

We will shortly be seeing a new wave of immigrants, sorry ex-pats, turning up on our shores because of Brexit. Pensioners mostly, suffering with all that that brings. A real drain on our social services and NHS. Unfortunately, we have decided to kick out so many of our doctors and nurses just when we will need them. We are even kicking out the bum wipers.

Your final sentence told me all I need to know.

[Frank Manning]

A report this morning seems to be saying that dear Nige is going to address a far right rally in Germany. Organised by a family member of Hitlers regime. If it's not fake news, it speaks volumes for me. I am sure the Daily Wail can paint that as something positive for their agenda, among the tales about the kardashians, cheryl this, and Paris that, and goodness knows how many other z list,so called celebrity beauties. Thank goodness for The Times for real informative information.

No change in my opinion of what is happening in this country. I just cant be bothered to argue, but well done Jack for trying.