Could UK U-turn on Referendum Result

Could UK U-turn on Referendum Result

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Zod

35,295 posts

258 months

Tuesday 27th September 2016
quotequote all
don4l said:
Mrr T said:
The bank capital rules are set by the BIS and only implemented in the EU by the EU. So no change if we are in or out.
Most EU directives are implemented through the British government. So the Dept for BIS are just implementing the will of the EU.
The BIS is the Bank for International Settlements, based in Basel. So, no, nothing to do with the EU. The EU just does as it is told in relation to bank capital requirements, as will the Bank of England post-Brexit. The rules are actually set by the Basel Committee on Banking Supervision these days.

anonymous-user

54 months

Tuesday 27th September 2016
quotequote all
Mrr T said:
don4l said:
Mrr T said:
The bank capital rules are set by the BIS and only implemented in the EU by the EU. So no change if we are in or out.
Most EU directives are implemented through the British government. So the Dept for BIS are just implementing the will of the EU.
BIS = Bank for International Settlements. They make the capital rules not the EU.
hehe

///ajd

8,964 posts

206 months

Tuesday 27th September 2016
quotequote all
Greg66 said:
Mrr T said:
don4l said:
Mrr T said:
The bank capital rules are set by the BIS and only implemented in the EU by the EU. So no change if we are in or out.
Most EU directives are implemented through the British government. So the Dept for BIS are just implementing the will of the EU.
BIS = Bank for International Settlements. They make the capital rules not the EU.
hehe
Do the BIS set the tide tables too?

anonymous-user

54 months

Tuesday 27th September 2016
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bmw535i said:
I think John mcdonnells quotes are pretty disturbing and not to be accepted-but the author of the article seems to say that his remarks are more disturbing than an actual murder where it seems a man was beaten to death just for being from another country.

Weird conclusion to draw.

craigjm

17,947 posts

200 months

Wednesday 28th September 2016
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3 hours without a post? Has there been a ceasefire? hehe

Graemsay

612 posts

212 months

Wednesday 28th September 2016
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craigjm said:
In terms of net cost though all of that is chicken feed. The big net costs to the UK economy come from the climate targets, the rules set around bank capital and the rules on payments across the EU. Those three alone contribute £45bn net cost to the UK economy.
The UK's GDP is about $1.9 trillion, so $45 billion works out at less than 2.5%. Given the cost of dealing with the financial crisis, regulating the industry probably isn't a bad idea.

As for environmental safeguards, might I suggest a visit to China. This photo was taken on a clear day in the countryside outside of Ningbo, I think that it's of the Ruiyan Temple Reservoir. There's a lot of smog in the air.



Shanghai can be worse. If you think London's air quality is bad...



So I'm very much up for having environmental safeguards, even if they upset a few powerfully built company directors.

Graemsay

612 posts

212 months

Wednesday 28th September 2016
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bmw535i said:
So the journalist who wrote the piece complains that the Remain camp isn't shutting up, whilst calling them names. He comes over as a massive fcensoredkwit.

The trouble with the referendum is that it's a highly divisive issue, and the politicians are botching how they're handling the aftermath. There's been absolutely no attempt by May's government to heal the rift that it's caused. The fact that they're pushing for a hard Brexit, which I suspect is a minority position, isn't helping.

craigjm

17,947 posts

200 months

Wednesday 28th September 2016
quotequote all
Graemsay said:
The UK's GDP is about $1.9 trillion, so $45 billion works out at less than 2.5%. Given the cost of dealing with the financial crisis, regulating the industry probably isn't a bad idea.

As for environmental safeguards, might I suggest a visit to China. This photo was taken on a clear day in the countryside outside of Ningbo, I think that it's of the Ruiyan Temple Reservoir. There's a lot of smog in the air.



Shanghai can be worse. If you think London's air quality is bad...



So I'm very much up for having environmental safeguards, even if they upset a few powerfully built company directors.
I did not say that any of the three were bad things did I? I was simply pointing out what the top three net losses to the UK economy were from EU legislation when someone else was talking about repealing the law on light bulbs because of the cost.

I have spent plenty of time in Beijing. I am aware of the air quality issue


anonymous-user

54 months

Wednesday 28th September 2016
quotequote all
Graemsay said:
So the journalist who wrote the piece complains that the Remain camp isn't shutting up, whilst calling them names. He comes over as a massive fcensoredkwit.

The trouble with the referendum is that it's a highly divisive issue, and the politicians are botching how they're handling the aftermath. There's been absolutely no attempt by May's government to heal the rift that it's caused. The fact that they're pushing for a hard Brexit, which I suspect is a minority position, isn't helping.
But isn't his description of the likes of you uncannily accurate. I can almost see your bottom lip quivering as you typed your post.

Graemsay

612 posts

212 months

Wednesday 28th September 2016
quotequote all
craigjm said:
I did not say that any of the three were bad things did I? I was simply pointing out what the top three net losses to the UK economy were from EU legislation when someone else was talking about repealing the law on light bulbs because of the cost.

I have spent plenty of time in Beijing. I am aware of the air quality issue
I didn't mean to attribute the viewpoint that all regulation is bad and expensive to you, sorry. Rather I was trying to make the point that a lot of people complain about the costs of red tape, but fail to acknowledge that there are benefits.

I think that there's also a tendency to quote a big number, say £45 billion, because it makes something look expensive, without looking at it in context. Sure, it's a lot of money, but the cost of the bank bailouts (for example) in 2008 were many times this. Similarly, the "£350 million a week to spend on the NHS" seems a vast amount, but it's £18 billion versus an existing budget of £116 billion.

I've been to Beijing briefly, and I think it's possibly worse than around Shanghai, Ningbo and Hangzhou, where I've been a couple of times. I'd rather not live with that level of pollution, and found London's air to be bad enough.

Graemsay

612 posts

212 months

Wednesday 28th September 2016
quotequote all
bmw535i said:
But isn't his description of the likes of you uncannily accurate. I can almost see your bottom lip quivering as you typed your post.
Now you're coming across like a fcensoredkwit.

Had the referendum gone the other way, then I'm pretty certain that there'd have been protests from the Leave camp. Dominic Raab and Nigel Farage were both talking of campaigning for a second poll if they lost.

But the result is being interpreted by Remain supporters in the way that Jean-Jacques Rousseau would have proposed, namely the Leave camp is wrong, and that the losing side should quietly accept the result of the General Will, and should shut up.

If you're not a follower of eighteenth century political philosophers, then a more pragmatic response would be to recognise that Britain is hopelessly divided on this issue, and a stable solution might be some sort of compromise. Maybe as a part of the EFTA, Associate EU membership, or Continental Partnership.

anonymous-user

54 months

Wednesday 28th September 2016
quotequote all
Graemsay said:
Now you're coming across like a fcensoredkwit.

Had the referendum gone the other way, then I'm pretty certain that there'd have been protests from the Leave camp. Dominic Raab and Nigel Farage were both talking of campaigning for a second poll if they lost.

But the result is being interpreted by Remain supporters in the way that Jean-Jacques Rousseau would have proposed, namely the Leave camp is wrong, and that the losing side should quietly accept the result of the General Will, and should shut up.

If you're not a follower of eighteenth century political philosophers, then a more pragmatic response would be to recognise that Britain is hopelessly divided on this issue, and a stable solution might be some sort of compromise. Maybe as a part of the EFTA, Associate EU membership, or Continental Partnership.
biglaugh

So despite your criticism of the article writers name calling, you're happy to do it. True to form, the hypocrisy amongst remainers is still strong.

You are only confirming that article writers description of remainers.

powerstroke

10,283 posts

160 months

Wednesday 28th September 2016
quotequote all
Graemsay said:
craigjm said:
In terms of net cost though all of that is chicken feed. The big net costs to the UK economy come from the climate targets, the rules set around bank capital and the rules on payments across the EU. Those three alone contribute £45bn net cost to the UK economy.
The UK's GDP is about $1.9 trillion, so $45 billion works out at less than 2.5%. Given the cost of dealing with the financial crisis, regulating the industry probably isn't a bad idea.

As for environmental safeguards, might I suggest a visit to China. This photo was taken on a clear day in the countryside outside of Ningbo, I think that it's of the Ruiyan Temple Reservoir. There's a lot of smog in the air.



Shanghai can be worse. If you think London's air quality is bad...



So I'm very much up for having environmental safeguards, even if they upset a few powerfully built company directors.
No that's fine its the madness over plant food gas , that is fking things up ...

anonymous-user

54 months

Wednesday 28th September 2016
quotequote all
Apparently Boris has now said that the UK will support and help turkey gain eu membership!

Seriously?!

AC43

11,481 posts

208 months

Wednesday 28th September 2016
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cookie118 said:
Apparently Boris has now said that the UK will support and help turkey gain eu membership!

Seriously?!
He's just Sam Allardyce with a posh accent. Wouldn't believe a word that comes out of his mouth.

PurpleMoonlight

22,362 posts

157 months

Wednesday 28th September 2016
quotequote all
AC43 said:
He's just Sam Allardyce with a posh accent. Wouldn't believe a word that comes out of his mouth.
Neither does he I suspect.

He just says what people want to hear at the time.

eatcustard

1,003 posts

127 months

Wednesday 28th September 2016
quotequote all
cookie118 said:
Apparently Boris has now said that the UK will support and help turkey gain eu membership!

Seriously?!
Think about it a little, the UK will do a deal with the Turks for business, why they wait to join the EU.

b2hbm

1,291 posts

222 months

Wednesday 28th September 2016
quotequote all
cookie118 said:
Apparently Boris has now said that the UK will support and help turkey gain eu membership!

Seriously?!
Nothing would surprise me with that guy, he changes more than the weather in Scotland. But then again, didn't Cameron say the same thing only to retract it during the referendum campaign ?

But why not ? Fast forward to 2019. If the government enacts it's promises we'll be out of the EU, but until then we could easily vote to allow Turkey to join. The UK wouldn't suffer any financial penalty because it's unlikely they'll be joining before we leave and it'll be the EU budgets from 2020 onwards.

If Turkey does get in we might just have another ally inside the EU and if they don't then they'll go on the list for an independent trade deal.

All for a good soundbite....

Edit to add....

Mind you, he'll be falling out with Sarkozy (should he get the job in France)

http://uk.reuters.com/article/uk-britain-eu-sarkoz...

Sarkozy is going to stop talks with Turkey and re-write the EU treaty just for us when he gets in. Amazing the power of a single politician... smile

Edited by b2hbm on Wednesday 28th September 08:15

don4l

10,058 posts

176 months

Wednesday 28th September 2016
quotequote all
Graemsay said:
The fact that they're pushing for a hard Brexit, which I suspect is a minority position, isn't helping.
We voted to Leave.

You can tell yourself that we didn't want a "hard Brexit", but you are only fooling yourself.


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