The economic consequences of Brexit (Vol 2)

[PurpleMoonlight]

sidicks said:

Eh?

The MIB provides cover for insured drivers against costs incurred as a result of uninsured drivers.

If he is uninsured himself, then he certainly would be trying to claim on insurance he doesn't have!

Edited by sidicks on Saturday 14th January 20:08

Are cyclists and pedestrians entitled to claim from the MIB?

[PurpleMoonlight]

May red lining with a marker pen ...


http://www.dailymail.co.uk/news/article-4121006/Br...

[chrispmartha]

fblm said:

chrispmartha said:

A person forgets to renue insurance for one day, gets totalled by a car thief and is severely injured, man has paid into the pot for as long has its been going - tough titty?

Yes tough. What a naive and silly expectation. Insurance is a simple contract between 2 parties with an end date. If you think there should be a grace period after the end of that contract, how long should that be for? A day, a week, a year? Once we're clear that will just be the new end date with the premium recalculated. Ridiculous.

You're confusing the persons insurance with the MIB.

Can the same uninsured person claim from another persons insurance in a non fault accident?

[davepoth]

Mrr T said:

You I assume have never any of the ESMA council. Let me assure you if there governments told them to do something they would do the opposite.

You seem to have missed some things from that post, including grammar, punctuation, words, and meaning.

However, I'm pretty sure you will have been rebutting my comment, so I'll rebut yours.

http://www.legislation.gov.uk/ukpga/2012/21/part/2...

Here's the section of the Financial Services Act which sets up the FCA and tells it what to do. Amend this act and you amend the work of the FCA. Most regulators across Europe are set up in the same way; amend their respective legislation and you amend their work too. It would be reasonably straightforward to add another strategic objective, even if some in the FCA considered that it ran counter to their other objectives.

[powerstroke]

PurpleMoonlight said:

May red lining with a marker pen ...


http://www.dailymail.co.uk/news/article-4121006/Br...

looks promising hopefully she won't give in to the wets or do a Cameron....

[speedy_thrills]

BBC said:

...while her enthusiasm for trade deals with countries such as New Zealand implied leaving the customs union.

Initially it seems unlikely it would be meaningful for the UK or New Zealand to sign a trade agreement...unless it got is EU trade access of course in which case the question New Zealand would ask is "Where do we sign?"

Shouldn't the UK prioritise more meaningful agreements like the EU, US, BRICs formost? If you mess up those ones it's lights on brexit anyway so why not just secure meaningful deals first.

[davepoth]

speedy_thrills said:

Shouldn't the UK prioritise more meaningful agreements like the EU, US, BRICs formost? If you mess up those ones it's lights on brexit anyway so why not just secure meaningful deals first.

No, the ones that are a rubber stamping exercise are the ones to do first as it provides a softer landing since they can be ready for day one. James Cleverly wrote a paper on it recently for the Free Enterprise group - which looks to include most of the back bench leave MPs on the Tory side:

https://www.freeenterprise.org.uk/

https://gallery.mailchimp.com/708e119fa74cd33e6a28...

[PurpleMoonlight]

Can't help but think this is going to get bloody ...

http://www.dailymail.co.uk/news/article-4121574/Ha...

[Carl_Manchester]

Just to summarise what was on the Andrew Marr show this morning.

PM. May will announce this week that we are to be:

1. out of the single market
2. out of the customs union
3. not worried about the negative BBC news articles on non-UK queues at the airport.

I think she is doing this just to see Farrons head explode on Question Time.

[Jazzy Jag]

PurpleMoonlight said:

Can't help but think this is going to get bloody ...

http://www.dailymail.co.uk/news/article-4121574/Ha...

Now that's how you deal with the EU.

[don'tbesilly]

Carl_Manchester said:

Just to summarise what was on the Andrew Marr show this morning.

PM. May will announce this week that we are to be:

1. out of the single market
2. out of the customs union
3. not worried about the negative BBC news articles on non-UK queues at the airport.

I think she is doing this just to see Farrons head explode on Question Time.

May has confirmed 'Brexit means Brexit', which she has been consistent in stating for the last 6/7 months

All those saying no-one knows what it means can be in no doubt now.

Farron was on the Sunday Politics show just now,his idea of leaving the EU was to stay in the EU, the Guy is an idiot and is no different to Clegg.
Needless to say Farron confirmed he will vote against A50.

[SKP555]

Jazzy Jag said:

PurpleMoonlight said:

Can't help but think this is going to get bloody ...

http://www.dailymail.co.uk/news/article-4121574/Ha...

Now that's how you deal with the EU.

Good but flip side of that is that it suggests they would be prepared to limit what taxes they will cut and by how much in exchange for a trade deal.

Some element of that is fairly normal but going too far down that route is hardly compatible with self government.

I would prefer to actually not take the trade deal and go all out cutting taxes.

[turbobloke]

Corbyn's comments are priceless. He either didn't expect this and lacked the time to think of anything better to say, or...no hang on he wouldn't be able to do better given all of the 2 years ahead following A50.

The points being made are obvious. If the EU thinks it can make threats from some sort of prime position, they and we can watch the UK make competitive changes to domestic and foreign policy then wipe the floor with a sclerotic and hidebound EU.

[FiF]

Jazzy Jag said:

PurpleMoonlight said:

Can't help but think this is going to get bloody ...

http://www.dailymail.co.uk/news/article-4121574/Ha...

Now that's how you deal with the EU.

Let's not forget comments from USA of a game changer USA-UK trade deal.

[Northern Munkee]

FiF said:

Jazzy Jag said:

PurpleMoonlight said:

Can't help but think this is going to get bloody ...

http://www.dailymail.co.uk/news/article-4121574/Ha...

Now that's how you deal with the EU.

Let's not forget comments from USA of a game changer USA-UK trade deal.

Sounds like posturing and push back against EU talk of no cherry picking i.e. Want to play hard ball? We're prepared to push the nuclear button, if you want to go there.

Sounds like megaphone diplomacy ahead of negotiation strategy to an accommodation somewhere towards the middle.

ETA: same with the timing of NZ "scoping", talk of US trade deal.

[Tuna]

PurpleMoonlight said:

Can't help but think this is going to get bloody ...

http://www.dailymail.co.uk/news/article-4121574/Ha...

Possibly also a message to those remainers who have been saying we have no negotiating power with the EU and will be irreparably damaged by leaving.

Not so much a threat, or even crystal ball gazing - if the EU puts the UK out in the cold, then yes, we'll have to work hard to strengthen our economy and that will inevitably include measures the EU might not like.

[anonymous-user]

Carl_Manchester said:

Just to summarise what was on the Andrew Marr show this morning.

PM. May will announce this week that we are to be:

1. out of the single market
2. out of the customs union
3. not worried about the negative BBC news articles on non-UK queues at the airport.

I think she is doing this just to see Farrons head explode on Question Time.

The article also said she is prepared to strike a transitional deal (as is David Davis), so we may end up with a North-proposed Brexit type arrangement with a transitional deal followed by an orderly pull-out over several years.

Sounds sensible to me-but will the harder brexiteers take that?

The headline/news release is a clever piece of politics-the headline is "pull out of single market, customs union and ecj" which will satisfy the pro-brexit media and brexiteers but the detail is a transitional deal that may mean retaing free movement/single market status etc for longer to make sure the process is steady and ordered-which is realistic and sensible.

[SKP555]

cookie118 said:

The article also said she is prepared to strike a transitional deal (as is David Davis), so we may end up with a North-proposed Brexit type arrangement with a transitional deal followed by an orderly pull-out over several years.

Sounds sensible to me-but will the harder brexiteers take that?

The headline/news release is a clever piece of politics-the headline is "pull out of single market, customs union and ecj" which will satisfy the pro-brexit media and brexiteers but the detail is a transitional deal that may mean retaing free movement/single market status etc for longer to make sure the process is steady and ordered-which is realistic and sensible.

I'm a "hard brexiteer" but a transitional arrangement wouldn't necessarily be so bad. Whether we end freedom of movement in 2 years or 5 years isn't that important in the scheme of things, so long as it is within a finite and reasonable (vague I know) time frame.

I don't see the EU going for that though as it is basically a green light for others to pull out and expect a similar deal.

So what I would be concerned about is that an open ended "transitional arrangement" ends up like Cameron's negotiations - carry on as before with a few superficial concessions and claim some great victory.

It seems to me that the best option is to prepare for no deal at all with all the shocks that entails and then see if we can get a permanent deal that is clearly better for trade without making big concessions on free movement etc.

It is clearly in both parties interests to do so.

However the Cameron plan of having no plan in case things don't go how we want/expect doesn't seem like the best approach.

[Mrr T]

davepoth said:

Mrr T said:

You I assume have never any of the ESMA council. Let me assure you if there governments told them to do something they would do the opposite.

You seem to have missed some things from that post, including grammar, punctuation, words, and meaning.

However, I'm pretty sure you will have been rebutting my comment, so I'll rebut yours.

http://www.legislation.gov.uk/ukpga/2012/21/part/2...

Here's the section of the Financial Services Act which sets up the FCA and tells it what to do. Amend this act and you amend the work of the FCA. Most regulators across Europe are set up in the same way; amend their respective legislation and you amend their work too. It would be reasonably straightforward to add another strategic objective, even if some in the FCA considered that it ran counter to their other objectives.

Not my best post.

In order to get the ESMA board to agree Passporting by 2019 would likely require legislation in 28 countries.

That is not going to happen.

[don4l]

cookie118 said:

The article also said she is prepared to strike a transitional deal (as is David Davis), so we may end up with a North-proposed Brexit type arrangement with a transitional deal followed by an orderly pull-out over several years.

For God's sake!


When are you all going to wake up?

Ten months ago I put forward our two stage exit strategy, and most of you mocked me.

1) Invoke Article 50.
2) Leave.

Today's headline on the front page of the Sunday Telegraph is:-
"May's big gamble on a clean Brexit". It appears that she is going to give a speech on Tuesday during which she will tell the EU to sod off.

There isn't a hope in Hell that we can agree a deal with 27 countries. The sooner that people realise this simple truth, the sooner we can start making proper plans for the future.