European Union - Ramifications

[mph1977]

twinturboz said:

DonkeyApple said:

Except they don't. They can't currently compete against London and London is about to be cut free from the restraining nature of the EU regulatory environment. London is about to be allowed to be aggressive and competitive. A lot of office workers who have been plodding along will need to readjust their outlook.

The competition point makes sense, and sure loosening of regulation will attract business domestically, but unless I'm mistaken in order for London to keep passporting rights we will more or less have to abide by Eu rules or have our own regulation that the Eu accepts as equivalent.

like when G Brown 'abolished boom and bust' you mean ?

[blueg33]

phib said:

blueg33 said:

No it's not marginal. Developments are forward funded by the investor. If i borrow development finance without a route to repay it after the 12 month term I am stuffed, I will be borrowing knowing i can't pay it back.

I haven't read the whole thread however Trading whilst insolvent is a very grey one ( been through it with many clients) really the conditions for trading whilst insolvent is if you don't have a solution to pay back and you are incurring more debt. Ok so thats the sentiment rather than the actual wording.

I would be very careful with this and take legal advice as failing to do this can lead to prison in extreme cases.

Phib

That's why i don't want to borrow. Totally clear on the legal and financial side, we have a good FD.

[SELON]

mike9009 said:

DonkeyApple said:

Except they don't. They can't currently compete against London and London is about to be cut free from the restraining nature of the EU regulatory environment. London is about to be allowed to be aggressive and competitive. A lot of office workers who have been plodding along will need to readjust their outlook.

Hi Donkey,

Exactly what restraints will be released from London business once out of the EU? (Genuine question as I don't know the answer?)

I'm all ears as well. Would these regulations be the sort of regulations that keep honest people being honest and help avoid 2008 style financial meltdown?

I think that being first in a race to the bottom is being outlined as our competitive advantage.

Cheap labour, loose rules.

I'm no socialist either.

Edited by SELON on Saturday 2nd July 00:27

[Speed 3]

SELON said:

mike9009 said:

DonkeyApple said:

Except they don't. They can't currently compete against London and London is about to be cut free from the restraining nature of the EU regulatory environment. London is about to be allowed to be aggressive and competitive. A lot of office workers who have been plodding along will need to readjust their outlook.

Hi Donkey,

Exactly what restraints will be released from London business once out of the EU? (Genuine question as I don't know the answer?)

I'm all ears as well. Would these regulations be the sort of regulations that keep honest people being honest and help avoid 2008 style financial meltdown?

I think that being first in a race to the bottom is being outlined as our competitive advantage.

Cheap labour, loose rules.

I'm no socialist either.

Edited by SELON on Saturday 2nd July 00:27

"Light Touch" regulation didn't do a lot to eradicate Boom & Bust last time around did it ?

[Jockman]

KimJongHealthy said:

..... idiots who voted to leave.....

That is why the remain vote was defeated.

[Jockman]

KimJongHealthy said:

Jockman said:

KimJongHealthy said:

..... idiots who voted to leave.....

That is why the remain vote was defeated.

True - we underestimated the amount of morons in the society.

Keep Digging. This is good stuff.

[mph1977]

KimJongHealthy said:

Jockman said:

KimJongHealthy said:

..... idiots who voted to leave.....

That is why the remain vote was defeated.

True - we underestimated the amount of morons in the society.

I think the number of morons wasn't underestimated, the number of guillible people was underestimated ...

the problem is the 'morons' think the guillible people are 'morons' as well and deny the issues with wker's remorse when the guillible realise what a bunch of lies they were sold to get them onto the big red bus of lies ...

[Dr Jekyll]

KimJongHealthy said:

I know, right? Politicians lying is something unseen before so I fully understand how voters could fall for it..

I don't think voters did fall for it, any more than Remain voters believed the 'all EU trade to cease, UK citizens to be stranded abroad' claptrap. Those of us who voted for Leave did so because we didn't like the way the EU runs and we wanted to make the most of the trade opportunities outside the EU. Nothing to do with the Leave campaign.

Supposing someone did vote for Leave simply because they believed the £350 million figure being quoted, would they really have voted any differently if the figure had been £100 million?

[Ozzie Osmond]

KimJongHealthy said:

I fully understand how voters could fall for it..

It takes a special kind of person to vote for the likes of Farage, Johnson and Gove.

[Jockman]

Ozzie Osmond said:

KimJongHealthy said:

I fully understand how voters could fall for it..

It takes a special kind of person to vote for the likes of Farage, Johnson and Gove.

Nobody did.

[Efbe]

put quite simply...

if you can't understand the reasons behind the voting for both leave and remain, then you are in fact a simpleton

Pretty much all of these Brexit threads boil down to idiots who just cannot see the other side of the argument. If you can't then you should not have been allowed to vote as you obviously don't know enough to make an informed decision!

[Simpo Two]

[Adam B]

Dr Jekyll said:

Those of us who voted for Leave did so because we didn't like the way the EU runs and we wanted to make the most of the trade opportunities outside the EU

So what are these huge new trade opportunities that will now open up?

US and EU are doing a trade deal, already so we thinking India and China will want to trade with the UK in some material numbers that the EU is currently preventing?

I am deeply sceptical but hope I am wrong so happy to be persuaded to the contrary

[Efbe]

Adam B said:

So what are these huge new trade opportunities that will now open up?

US and EU are doing a trade deal, already so we thinking India and China will want to trade with the UK in some material numbers that the EU is currently preventing?

I am deeply sceptical but hope I am wrong so happy to be persuaded to the contrary

India and NZ have already openly said so.
this is before we even have a PM to talk to.

edit: poss Aus and SKorea too, but not sure on the source for those.

[anonymous-user]

All the remainders said:

But, but, but, it's still not faaaaiiiirrrr as all the people in London and Scotland want to stayyyyy

Well tough, it's not all about the freedom to go back packing where you please or the fear of handouts drying up. It's done, people don't share your opinion and they are in the majority. Stop moaning.

[Jockman]

Adam B said:

US and EU are doing a trade deal, already so we thinking India and China will want to trade with the UK in some material numbers that the EU is currently preventing?

Have you googled TTIP, Adam? After all these years of negotiating an EU US deal is unlikely to be sealed before 2020. Clinton has grave concerns, Trump will throw it out.

Brexit makes it even more unlikely that it will ever be signed so how about the UK signing one itself?

[Dr Jekyll]

Adam B said:

So what are these huge new trade opportunities that will now open up?

US and EU are doing a trade deal, already so we thinking India and China will want to trade with the UK in some material numbers that the EU is currently preventing?

I am deeply sceptical but hope I am wrong so happy to be persuaded to the contrary

For a start we'll be able to import agricultural produce from outside the EU without EU tariffs.

[Ozzie Osmond]

Dr Jekyll said:

For a start we'll be able to import agricultural produce from outside the EU without EU tariffs.

For the past 40 years UK farmers have been protected from global competition by EU policies.

• Do you propose to protect UK farmers from global competition? Without protection their products will be uncompetitive in UK compared with the price of imports?
• What level of subsidy do you propose to pay to UK farmers, if any, to replace the current EU subsidy of £17,000 per farm?
• Do you expect these protections and subsidies to impact on future "free trade" arrangements with other countries? Their products will be placed at a disadvantage when imported to UK, which isn't free trade at all.

[sidicks]

Ozzie Osmond said:

For the past 40 years UK farmers have been protected from global competition by EU policies.

• Do you propose to protect UK farmers from global competition? Without protection their products will be uncompetitive in UK compared with the price of imports?
• What level of subsidy do you propose to pay to UK farmers, if any, to replace the current EU subsidy of £17,000 per farm?
• Do you expect these protections and subsidies to impact on future "free trade" arrangements with other countries? Their products will be placed at a disadvantage when imported to UK, which isn't free trade at all.

Shouldn't the question be: why do we need to subsidise farmers to an average of £17,000 per farm??

[Ozzie Osmond]

sidicks said:

Shouldn't the question be: why do we need to subsidise farmers to an average of £17,000 per farm??

Unfortunately we already know the answer - British farming is uncompetitive on the world stage.

Free market in coal? UK no longer produces much coal
Free market in steel? UK no longer produces much steel
Free market in ship building? UK no longer produces many ships
Free market in farming?