The economic consequences of Brexit (Vol 3)
Discussion
PurpleMoonlight said:
Has any party ever promised that in their manifesto?
Republicans did in the USA. George Bush senior famously campaigned with "Read my lips, no new taxes". And then broke the promise!
https://www.youtube.com/watch?v=0MW44jsYi0g
jsf said:
sas62 said:
This line always amuses me."“The luck of geography has helped because most of the big market moving news, whether in the U.S. or Europe, has occurred during London’s trading hours,”
There is no luck in it, Britain built the modern world and the systems used by it. GMT just being one of those rather important aspects. The UK really is the centre of the world and most people dont even conciously realise what advantage that brings.
This is an odd quirk of post crisis financial reform AND nothing to do with BREXIT. Aside from the fact that we have been historically and still are a sh*t hot location for rates / fx derivative trading. Trading volumes have mushroomed without expansion in bank balance sheet / exposures given the growth of OTC/Exchange notional compression system. These systems squish existing exposures (and required capital); allowing traders to put more deals on (or replace those compressed). Article says Vol's up but no expansion in sheet so somethings amiss @ the circle k).
It really has FA to do with BREXIT, price of pants or sky fairies. Its much more representative of what London does best and will continue to do so. I do wonder if the govt is concentrating on a goods soft brexit (over services which is looking hard given those pesky fiscal funsters in Paris / Frankfurt) - as our services industry is world class and the EU is a bit, well sh*t. I mean it kills me the Greece crisis is resolved, except the 180bn they pretty much owe Germany - and more of that to come! Without a whiff of debt forgiveness in sight, and the Austrians naming a right wing central bank chief the Peripheral timebomb ticks on.
Troubleatmill said:
It is also the same KPMG that gets a lot of consulting service contracts from the EU.
And its an EU firm anyway.....the good news is that, whatever BREXIT we get- these guys are going to be rolling in it (here and in the EU). Its becoming such a car crash, that by the time we know which way up we are the big 4 could charge you a grand a day just to lick stamps.
Head of WTO warns that disruption may follow.
Turns out that while we have reserved a seat at the WTO, we still have to be allowed through the front door...
Turns out that some of the proposed arrangements we would have with the EU may make negotiating with the WTO... difficult.
Turns out that WTO members will hold all the cards when negotiating with us, because we can't actually sever our links with the rest of planet Earth.
Turns out that while we have reserved a seat at the WTO, we still have to be allowed through the front door...
Turns out that some of the proposed arrangements we would have with the EU may make negotiating with the WTO... difficult.
Turns out that WTO members will hold all the cards when negotiating with us, because we can't actually sever our links with the rest of planet Earth.
wst said:
Head of WTO warns that disruption may follow.
Turns out that while we have reserved a seat at the WTO, we still have to be allowed through the front door...
Turns out that some of the proposed arrangements we would have with the EU may make negotiating with the WTO... difficult.
Turns out that WTO members will hold all the cards when negotiating with us, because we can't actually sever our links with the rest of planet Earth.
Everyone knows this already. Getting agreed terms for the WTO isn’t going to be a walk in the park. Especially considering who we have in charge. Turns out that while we have reserved a seat at the WTO, we still have to be allowed through the front door...
Turns out that some of the proposed arrangements we would have with the EU may make negotiating with the WTO... difficult.
Turns out that WTO members will hold all the cards when negotiating with us, because we can't actually sever our links with the rest of planet Earth.
jsf said:
Turns out UK surrendered far more than the politicians admitted.
Good job we are leaving now rather than in 10 years time when it would be even more difficult to return our nation to a representative democracy with accountable politicians.
As someone who voted, on balance, for Remain, my view at the time was we could wait and see how it all played out. If at some point it was clear that some of the more serious concerns of the Leave campaign were coming to fruition, we could always have another vote and leave then.Good job we are leaving now rather than in 10 years time when it would be even more difficult to return our nation to a representative democracy with accountable politicians.
However, I'm started to change my mind on this - the EU project have been quite crafty in the way they have embedded their tentacles into various structures. Over time this increases the obstacles placed in the way of Brexit, which makes leaving even more difficult. So I agree, you are making a good point.
EddieSteadyGo said:
As someone who voted, on balance, for Remain, my view at the time was we could wait and see how it all played out. If at some point it was clear that some of the more serious concerns of the Leave campaign were coming to fruition, we could always have another vote and leave then.
However, I'm started to change my mind on this - the EU project have been quite crafty in the way they have embedded their tentacles into various structures. Over time this increases the obstacles placed in the way of Brexit, which makes leaving even more difficult. So I agree, you are making a good point.
Craftiness implies some degree of competence and forward thinking, something I find very difficult to attribute to any current politician or bureaucrat.However, I'm started to change my mind on this - the EU project have been quite crafty in the way they have embedded their tentacles into various structures. Over time this increases the obstacles placed in the way of Brexit, which makes leaving even more difficult. So I agree, you are making a good point.
frisbee said:
Craftiness implies some degree of competence and forward thinking, something I find very difficult to attribute to any current politician or bureaucrat.
I think you are underestimating some politicians. You might not like them but I know one or two who are quite cunning and clever b
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