Brexit - was it worth it? (Vol. 2)

[Iminquarantine]

citizensm1th said:

Today is poke fun at the anti vax brigade, you will have to wait your turn.

The day is young

[DeepEnd]

Iminquarantine said:

citizensm1th said:

Today is poke fun at the anti vax brigade, you will have to wait your turn.

The day is young

£ is up to 1.16/€, after bumbling around 1.1 for a bit. Still miles below even 24 June 16 (1.2) let alone 23 Jun 2016 (1.3).

Perhaps the jump is down to increased investment in Butlins Luft iii in Skeggy. Perhaps it’ll keep the architects in a job. “Gaming” people going abroad on hols. It’s all a bit Brian Rose, but still funny.

[Fittster]

EU puts its interests above those of third part shock.

EU engaged in ‘very serious escalation’ over UK financial services, says Bank of England Governor
Andrew Bailey tells Treasury Select Committee the EU seems to want to taking derivatives clearing out of London and says it’s ‘something we would have to resist very firmly’

https://www.independent.co.uk/business/uk-financia...

Besides an upset opinion peace in the Daily Mail there are no details on how the UK will resist (maybe should have put something about it in the deal signed at Christmas?).

[DeepEnd]

Fittster said:

EU puts its interests above those of third part shock.

EU engaged in ‘very serious escalation’ over UK financial services, says Bank of England Governor
Andrew Bailey tells Treasury Select Committee the EU seems to want to taking derivatives clearing out of London and says it’s ‘something we would have to resist very firmly’

https://www.independent.co.uk/business/uk-financia...

Besides an upset opinion peace in the Daily Mail there are no details on how the UK will resist (maybe should have put something about it in the deal signed at Christmas?).

“very firmly!”

Reminds me of the idiot Francois letter to the EU about fish. How is that going?

Maybe we can ask Brian Rose to point his 5G rays at the EU. That’ll show ‘em.

[stongle]

Fittster said:

EU puts its interests above those of third part shock.

EU engaged in ‘very serious escalation’ over UK financial services, says Bank of England Governor
Andrew Bailey tells Treasury Select Committee the EU seems to want to taking derivatives clearing out of London and says it’s ‘something we would have to resist very firmly’

https://www.independent.co.uk/business/uk-financia...

Besides an upset opinion peace in the Daily Mail there are no details on how the UK will resist (maybe should have put something about it in the deal signed at Christmas?).

Ah, the Independent. Lots of other news sources spinning it slightly differently as both sides are actually talking.

Of course DeepEnds wking sock will now be full of anti UK jizz, but anyone sensible (yet again), is scratching their heads why the EC will threaten financial stability or (more selfishly) increasing capital costs.

You didn't do the homework I publically set, did you?

[crankedup]

DeepEnd said:

Iminquarantine said:

citizensm1th said:

Today is poke fun at the anti vax brigade, you will have to wait your turn.

The day is young

£ is up to 1.16/€, after bumbling around 1.1 for a bit. Still miles below even 24 June 16 (1.2) let alone 23 Jun 2016 (1.3).

Perhaps the jump is down to increased investment in Butlins Luft iii in Skeggy. Perhaps it’ll keep the architects in a job. “Gaming” people going abroad on hols. It’s all a bit Brian Rose, but still funny.

Bourne Leisure Ltd, great Company, owns Butlins, Warner’s and Haven amongst others. Investing heavily into its business for the long term future. Take on historic buildings, restore and prepare for the holiday market whilst retaining the splendour and atmosphere of the buildings. Companies such as that get my vote, investing in the U.K.
Also they have invested into their Butlins brand providing new ‘hotel’ accomadation for guests along with new leisure areas.

[Nickgnome]

crankedup said:

Bourne Leisure Ltd, great Company, owns Butlins, Warner’s and Haven amongst others. Investing heavily into its business for the long term future. Take on historic buildings, restore and prepare for the holiday market whilst retaining the splendour and atmosphere of the buildings. Companies such as that get my vote, investing in the U.K.
Also they have invested into their Butlins brand providing new ‘hotel’ accomadation for guests along with new leisure areas.

As a school lad we used to joke that the barbed wire topped fence was to keep the Bognor Butlins holidaymakers in.

It was pretty grim back then, late 60s-early 70s

[Fittster]

stongle said:

Fittster said:

EU puts its interests above those of third part shock.

EU engaged in ‘very serious escalation’ over UK financial services, says Bank of England Governor
Andrew Bailey tells Treasury Select Committee the EU seems to want to taking derivatives clearing out of London and says it’s ‘something we would have to resist very firmly’

https://www.independent.co.uk/business/uk-financia...

Besides an upset opinion peace in the Daily Mail there are no details on how the UK will resist (maybe should have put something about it in the deal signed at Christmas?).

Ah, the Independent. Lots of other news sources spinning it slightly differently as both sides are actually talking.

Of course DeepEnds wking sock will now be full of anti UK jizz, but anyone sensible (yet again), is scratching their heads why the EC will threaten financial stability or (more selfishly) increasing capital costs.

You didn't do the homework I publically set, did you?

The video of Bank of England Governor is there for all to see.

You'll be shocked to learn that I don't hang after your posts (why would anyone?).

[Mortarboard]

jsf said:

UK has had a negative balance of trade with the EU since we joined the block. It was one of the major points made about EEC membership in the 75 referendum campaign by the No camp.

£ strengthening is the result of UK being a better bet for economic growth and a potentially stronger return via bond rates. Its not far off the rate we had pre the Brexit vote against the $.

It's balance of payments (which includes non-physical stuff also, like services) has never been rosy:
https://www.ons.gov.uk/economy/nationalaccounts/ba...
I'm surprised the City of London hasn't improved that, to be honest (say, 80's onward?)

The rise of sterling has to be underlain by trade in sterling, it's not a physical purchase to hide under the mattress. It's being used to buy "stuff" (not saying there is no currency trading, but it isn't likely to be significant, there's "too much" sterling for that - compared to when Ireland had the punt, it was up & down on a weekly basis through market manipulation). What %age of traded sterling is bonds & the like these days (I've no clue). Bond purchase more likely to affect interest rates (market, not BoE) surely?

M.

[crankedup]

Nickgnome said:

crankedup said:

Bourne Leisure Ltd, great Company, owns Butlins, Warner’s and Haven amongst others. Investing heavily into its business for the long term future. Take on historic buildings, restore and prepare for the holiday market whilst retaining the splendour and atmosphere of the buildings. Companies such as that get my vote, investing in the U.K.
Also they have invested into their Butlins brand providing new ‘hotel’ accomadation for guests along with new leisure areas.

As a school lad we used to joke that the barbed wire topped fence was to keep the Bognor Butlins holidaymakers in.

It was pretty grim back then, late 60s-early 70s

Agree, it was certainly a very grim resort back in the day. I do recall a television advert’ which showed some of the old ‘army barracks’ guest accomadation being blown up to make way for updated apartments.
Nowadays guests have to show a wristband on leaving the site and again for re-entry. I think mosof the barbed wire has gone
We enjoy Butlins with grandson and when we visit for long weekends depending on which live bands are performing.

[wc98]

citizensm1th said:

Today is poke fun at the anti vax brigade, you will have to wait your turn.

you were the last person i thought would be taking the piss out of the french, they have enough on their plate already and it's not like they are alone in the eu when it comes to anti vaxxers

[Mortarboard]

stongle said:

No.

Please, all of you stop looking for negatives of Brexit where none (or minimal) exist. The strength of GBP is more likely due to $ weakness. And follow on from JSF.

I know the puffin crew think you can only be pro EU or a raving paid up member of the EDL, but the facts of the matter are more complex. The massive US stimulus measures (and what the market thinks Lagarde will say later this week) weakens the $ (or EUR) so selling pressure is having a bigger benefit than sunlit uplands or whatever crap soundbite DE or whomever comes up with. Yes, some sunny UK vaccine news might help, but I don't think this is the biggest factor.

I know that some think leaving the EU is end of life in general (backed up by utterly flaky and BS economic projections), but GBP moves are more due to global trends. Even more importantly, just like the world is not flat; it doesnt end in Ireland or Russia.

Of course all this HAS been explained before but Bracist, 100bn, boo hooooooo wailing is more important.

Oh, and M; you have ignored tourism in your post.... but let's not trigger the long on data short on analysis crew....

Too much coffee today Strongle? You're reading for too much into my post.

ED asked about empty trucks - are more of them good or bad? On balance, bad. Unless you're selling air. Or trucks.
More sales of goods = less empty trucks = "better"

And tourism? You raise that instead of services? Neither of those tend to travel in trucks ex-Dover.........

Besides, tourism doesn't "rescue" the balance of payments, it's still negative overall. And I doubt there'll be much recovery in terms of tourism (pent up demand or not) for anyone.

Where you see "finding Brexit negatives", I see opportunities. The only way Brexit is going to be a success is if folks take off the blinkers and deal with the issues that have arisen. Brexit was always going to mean change, failure to acknowledge and deal with those changes is going to be disastrous.

So far, the folks wailing and gnashing of teeth include:
-The DUP in NI
-Farmers
-Fishermen
-Tree sellers
-Shellfish wholesalers
-Architects

Seems that rather than dealing with the problems, it's stick the hand out and say the government must "do something"

The current trajectory doesn't look good, if that's the attitude. I can see real pressures coming on government spending, with three areas I suspect (imo) that are going to see real budget decreases:
-The NHS
-Welfare spending in general
-Old Age Pension specifically

Couple that with the agribusiness hit (as I seriously doubt that the UK can replace EU subsidies 1:1), the next two years are not going to be pretty.

I think the UK needs to release funding for business investment pronto, to start dealing with the new environment.

M.

[Earthdweller]

crankedup said:

Yeah yeah yeah!!! I don’t know where VDL gets her excuses from but they are very weak
Meanwhile, we can read about the vaccine rollout in Europe through to Butlins holidays in Bognor

VdL chooses to compare the EU not with like economies but with often very troubled third world countries!

Yes, Germany is exactly like Myanmar ffs

The whole I’m bad but they’re worser argument belongs in the lower infants playground not the High Office of a global leader

They really are becoming a laughing stock

[DeepEnd]

Nickgnome said:

As a school lad we used to joke that the barbed wire topped fence was to keep the Bognor Butlins holidaymakers in.

It was pretty grim back then, late 60s-early 70s

Perhaps there can be a more up to date solution to keep UK holiday makers isolated and stopped from leaving these shores. Remember the film Wedlock with Rutger Hauer? A technology solution for a brexit problem - like when ANPR was going to solve everything.

Seems the EU are talking about stopping holiday makers anyway - they saw the 'game' coming; Brian's Gambit declined.

[stongle]

Fittster said:

The video of Bank of England Governor is there for all to see.

You'll be shocked to learn that I don't hang after your posts (why would anyone?).

You probably should, you'd come across with another 100IQ points.

Unless you lot start calling out the liars, you all kinda blend into the same.

[amgmcqueen]

stongle said:

Of course DeepEnds wking sock will now be full of anti UK jizz

[stongle]

Mortarboard said:

Too much coffee today Strongle? You're reading for too much into my post.

ED asked about empty trucks - are more of them good or bad? On balance, bad. Unless you're selling air. Or trucks.
More sales of goods = less empty trucks = "better"

And tourism? You raise that instead of services? Neither of those tend to travel in trucks ex-Dover.........

Besides, tourism doesn't "rescue" the balance of payments, it's still negative overall. And I doubt there'll be much recovery in terms of tourism (pent up demand or not) for anyone.

Where you see "finding Brexit negatives", I see opportunities. The only way Brexit is going to be a success is if folks take off the blinkers and deal with the issues that have arisen. Brexit was always going to mean change, failure to acknowledge and deal with those changes is going to be disastrous.

So far, the folks wailing and gnashing of teeth include:
-The DUP in NI
-Farmers
-Fishermen
-Tree sellers
-Shellfish wholesalers
-Architects

Seems that rather than dealing with the problems, it's stick the hand out and say the government must "do something"

The current trajectory doesn't look good, if that's the attitude. I can see real pressures coming on government spending, with three areas I suspect (imo) that are going to see real budget decreases:
-The NHS
-Welfare spending in general
-Old Age Pension specifically

Couple that with the agribusiness hit (as I seriously doubt that the UK can replace EU subsidies 1:1), the next two years are not going to be pretty.

I think the UK needs to release funding for business investment pronto, to start dealing with the new environment.

M.

I'm not. You ventured into a macro argument incorrectly.

The local level problems are all fair, the impact of GBP fx you insinuate; no.

[paul0843]

Mortarboard said:

stongle said:

No.

Please, all of you stop looking for negatives of Brexit where none (or minimal) exist. The strength of GBP is more likely due to $ weakness. And follow on from JSF.

I know the puffin crew think you can only be pro EU or a raving paid up member of the EDL, but the facts of the matter are more complex. The massive US stimulus measures (and what the market thinks Lagarde will say later this week) weakens the $ (or EUR) so selling pressure is having a bigger benefit than sunlit uplands or whatever crap soundbite DE or whomever comes up with. Yes, some sunny UK vaccine news might help, but I don't think this is the biggest factor.

I know that some think leaving the EU is end of life in general (backed up by utterly flaky and BS economic projections), but GBP moves are more due to global trends. Even more importantly, just like the world is not flat; it doesnt end in Ireland or Russia.

Of course all this HAS been explained before but Bracist, 100bn, boo hooooooo wailing is more important.

Oh, and M; you have ignored tourism in your post.... but let's not trigger the long on data short on analysis crew....

Too much coffee today Strongle? You're reading for too much into my post.

ED asked about empty trucks - are more of them good or bad? On balance, bad. Unless you're selling air. Or trucks.
More sales of goods = less empty trucks = "better"

And tourism? You raise that instead of services? Neither of those tend to travel in trucks ex-Dover.........

Besides, tourism doesn't "rescue" the balance of payments, it's still negative overall. And I doubt there'll be much recovery in terms of tourism (pent up demand or not) for anyone.

Where you see "finding Brexit negatives", I see opportunities. The only way Brexit is going to be a success is if folks take off the blinkers and deal with the issues that have arisen. Brexit was always going to mean change, failure to acknowledge and deal with those changes is going to be disastrous.

So far, the folks wailing and gnashing of teeth include:
-The DUP in NI
-Farmers
-Fishermen
-Tree sellers
-Shellfish wholesalers
-Architects

Seems that rather than dealing with the problems, it's stick the hand out and say the government must "do something"

The current trajectory doesn't look good, if that's the attitude. I can see real pressures coming on government spending, with three areas I suspect (imo) that are going to see real budget decreases:
-The NHS
-Welfare spending in general
-Old Age Pension specifically

Couple that with the agribusiness hit (as I seriously doubt that the UK can replace EU subsidies 1:1), the next two years are not going to be pretty.

I think the UK needs to release funding for business investment pronto, to start dealing with the new environment.

M.

Empty trucks also means more expensive Uk imports,leading to prices rising prices in Uk .
Transport companies will be passing on the cost of the empty leg.
IMO everything imported from Europe will rise by 10-20%
Paul

[gooner1]

DeepEnd said:

Perhaps there can be a more up to date solution to keep UK holiday makers isolated and stopped from leaving these shores. Remember the film Wedlock with Rutger Hauer? A technology solution for a brexit problem - like when ANPR was going to solve everything.

Seems the EU are talking about stopping holiday makers anyway - they saw the 'game' coming; Brian's Gambit declined.

They saw the game coming? Four days after BJ’s ( sorry if that abbreviation upsets your delicate disposition.again) speech.How does the EU plan to ban holiday makers to it’s member countries differ from Stongle’s
poo poohed idea of U.K. holiday makers non trips to those destinations?

[anonymous-user]

paul0843 said:

Empty trucks also means more expensive Uk imports,leading to prices rising prices in Uk .
Transport companies will be passing on the cost of the empty leg.
IMO everything imported from Europe will rise by 10-20%
Paul

Hows your costs doing now on transport from Italy?
Since we last talked about it the spot price has returned to it's pre Brexit rate.