Cable Forum - Post-Brexit Thread

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Finally...some good news for the Pound

Quote:

Financial Times The pound had its best day since fears of a “hard Brexit” gripped the currency market two weeks ago after a UK government lawyer said that parliament would have the final say on whether to accept Britain’s exit deal with the EU.

https://www.ft.com/content/2bd85650-...c-bdf38d484582

Re: Post-Brexit Thread

Quote:

Originally Posted by TheDaddy (Post 35864508)

Easy to say when you've got lots of it, not quite so easy for those already struggling still it's what we voted for and perhaps that was what was meant by taking back control of the decision making, the peasants can decide whether to eat or heat their homes

and yet, so far, it looks to me like it's the very well off (the CEOs, the billionaires etc) who are squealing about brexit. I wonder why.....

---------- Post added at 22:16 ---------- Previous post was at 22:15 ----------

Quote:

Originally Posted by Damien (Post 35864535)

The airport decision being delayed again is pathetic. It really gets down to the actual problems this country has which is the constant inertia when it comes to any infrastructure development. Nuclear power plants take decades, railways decades, runways decades. Most of the time spent with successive governments delaying the decision as long as possible and then more so. They keep wanting to build more homes but never do. They could just allow local authorities to build and sell affording housing but as so ideologically opposed they would rather sit on their hands for years trying to find a way to build houses without looking like the state is involved.

Whole thing is a mess.

Generations before us wondered if their government would get a man on the moon in their lifetime, we get the 3rd runway instead.

That, we can agree on :tu:

Re: Post-Brexit Thread

Another set-back for the Brexit wing of Government.

Quote:

Cabinet ministers have been given detailed warnings that the UK pulling out of the EU customs union could lead to a 4.5% fall in GDP by 2030 and the clogging up of trade through Britain’s ports.
The predictions were contained in a paper circulated at a meeting of Theresa May’s special Brexit cabinet committee, which concluded that ministers were not yet prepared to decide whether the UK should withdraw from the EU’s free trade bloc....
May is under significant pressure from her own party to deliver Brexit following the vote last June, with many leave campaigners wanting to see a hard break with the EU in which the UK would leave both the customs union and single market.
But she is also being challenged by backbenchers who want an open relationship with the EU including Nick Herbert who told the Guardian that the 37% figure obtained by the Guardian underlined the “painful economic cost if we allow ideology to dictate the terms”.

https://www.theguardian.com/politics...-customs-union

Re: Post-Brexit Thread

Quote:

Originally Posted by Damien (Post 35864535)

Absolutely pathetic IMO and one suspects nothing will change going forward either.

Re: Post-Brexit Thread

On a work call right now but will post this morning's links relevant to this topic later. Morning people.

Re: Post-Brexit Thread

Quote:

Originally Posted by Ramrod (Post 35864543)

and yet, so far, it looks to me like it's the very well off (the CEOs, the billionaires etc) who are squealing about brexit. I wonder why.....:

Give it time...

Re: Post-Brexit Thread

how exiting i love looking at the plethora of other peoples graphs and charts that you post daily .

Re: Post-Brexit Thread

Quote:

Originally Posted by papa smurf (Post 35864571)

how exiting i love looking at the plethora of other peoples graphs and charts that you post daily .

You're welcome. Pleasure to bring facts and informed opinion into the discussion. I appreciate you prefer the Arron Banks style but BS eventually fades, reality is annoyingly persistent.

https://www.cableforum.co.uk/images/local/2016/10/6.jpg

---------- Post added at 07:45 ---------- Previous post was at 07:39 ----------

Quote:

Originally Posted by Ramrod (Post 35864543)

and yet, so far, it looks to me like it's the very well off (the CEOs, the billionaires etc) who are squealing about brexit. I wonder why.....

I dunno, the EUsceptic media and more 'Brexit' minded politicians seem to be pretty keen to shut debate and discussion down as soon as possible. I wonder why?

Re: Post-Brexit Thread

I think the increasing rhetoric from papers and politicians call for people to stop complaining and boycott companies is a a indication of their nervousness. These are not actions of people with confidence.

Re: Post-Brexit Thread

Quote:

Originally Posted by papa smurf (Post 35864571)

how exiting i love looking at the plethora of other peoples graphs and charts that you post daily .

At least you are not getting your hands dirty old boy for once.;)

Re: Post-Brexit Thread

Quote:

Originally Posted by Damien (Post 35864587)

I sense there is a major wobble out there; not since Brexit, but since the Ice Queen suggested a hard Brexit with no access to the single market. We've elected another lunatic (oh no, we didn't elect her did we ?!). Philip Hammond seems to be the one with some sense in that cabinet, so his career will be over soon...

Re: Post-Brexit Thread

Quote:

Originally Posted by Mr K (Post 35864599)

Quote:

Theresa May has "full confidence" in Philip Hammond, Downing Street has said, after reports the chancellor was trying to slow progress towards Brexit.

Linky

He's doomed. :D

Re: Post-Brexit Thread

Quote:

Originally Posted by papa smurf (Post 35864571)

how exiting i love looking at the plethora of other peoples graphs and charts that you post daily .

You're safe for a little while as I need to contemplate how I can share much of the content outside of paywalls.

In the interim, just for you, in the spirit of going onwards and upwards:

http://www.bloomberg.com/politics/ar...u-s-investment

Quote:

The largest U.S. business lobbying group has warned the British government that it must maintain full “unfettered” access to the European market in Brexit negotiations if it is to retain almost $600 billion that U.S. companies have invested in the U.K.

The U.S. Chamber of Commerce dismissed as “nonsense” claims by some Brexit supporters that the relatively low tariffs the European Union charges on imports wouldn’t discourage investment in Britain.

“In the real world of business, margins for tradeable goods are razor thin, and even a so-called ‘nuisance’ tariff of 3 percent can make or break a sale,” the chamber concluded in a report released Tuesday.

The report also urged British Prime Minister Theresa May to maintain free movement of labor in and out of Britain, “pass-porting” arrangements that permit banks chartered in Britain to operate throughout the EU and common regulatory arrangements in key areas such as aviation, pharmaceuticals, intellectual property, data privacy, health and safety, environmental protection and consumer goods.

http://www.nybooks.com/daily/2016/10...tish-business/

Quote:

With Brexit the nightmare is no longer distant and improbable. Even before the June vote, EU governments, backed by the European Commission in Brussels, were trying to change the rules of the EU single market in financial services in ways that would force banks dealing in Euro-denominated bonds and securities to do their business in financial centers where the euro was the local currency, thus excluding London. In practice this would have meant that British banks and foreign banks with their European headquarters in London would lose much of their “passporting” rights, granted by the EU to do business within the EU.

As a member of the EU, Britain was able to prevent this, but outside the EU it will be highly vulnerable to further regulatory assaults from Brussels. According to data just released by the UK’s Financial Conduct Authority, nearly 5,500 UK- registered companies, the great majority in financial services, depended on these passporting rights to do business in the EU and stand to lose them with Brexit.

For that one remaining person who seriously thinks Jeremy Corbyn voted remain:

Hilary Benn And Kate Hoey Battle Over Key Brexit Select Committee

Quote:

Former Cabinet minister Hilary Benn and leading Labour Brexiteer Kate Hoey are to compete for the chairmanship the new Commons Brexit Select Committee.

Benn, a former Shadow Foreign Secretary, was one of the most prominent Remain campaigners in this year’s EU referendum and some had expected him to have a clear run at the job.

But Hoey, a veteran Eurosceptic who campaigned alongside Nigel Farage, has the significant backing of allies of Jeremy Corbyn including Shadow Business Secretary Clive Lewis, Shadow Northern Ireland Secretary David Anderson and Shadow Cabinet Office Minister Ian Lavery.

Opinion piece:

Britain must unite to build a new relationship with the EU - Gisela Stuart (£)

Quote:

Nick Clegg and Ed Miliband have launched a bid to reopen the referendum, delay Article 50 and keep the UK in the single market. At a time when we need to put Remain and Leave arguments behind us, we are being dragged back to the politics of division. It is not good for Britain and it is not good for democracy.

There is no mandate to remain. No mandate for stopping the people of this country regaining control over borders, laws and money. No mandate for remaining a member of the single market. It’s called democracy folks. It’s over. It’s done. We need to come together and move forward.

And we can help other countries of Europe do the same. The UK can and should support those nations who seek deeper integration and help those who do not to find different way.

Britain is a great country. It is industrious and resourceful. Generations of enterprising Britons have created a powerful economy that attracts people from around the world to make their home here and play their part in our success. There is a great future for a country that has simply decided it wants to make a go of life outside the EU. We both can and need to come together to change Britain and find that future.

---------- Post added at 11:31 ---------- Previous post was at 11:27 ----------

Quote:

Originally Posted by heero_yuy (Post 35864616)

Linky

He's doomed. :D

Probably. A Chancellor behaving like a finance minister rather than Comical Ali. Disgraceful behaviour. Needs firing.

Just as an aside it's kinda funny. This forum happily gets on the case of Jeremy Corbyn supporters over their wanting to deselect MPs for being disloyal to the leader, don't seem to be objections to such sentiments being raised about anyone who doesn't toe the Brexit line.

Re: Post-Brexit Thread

Quote:

Originally Posted by Ignitionnet (Post 35864574)

I dunno, the EUsceptic media and more 'Brexit' minded politicians seem to be pretty keen to shut debate and discussion down as soon as possible. I wonder why?

Because us brexiteers are very aware that if we give the remoaners an inch they will try to mercilessly exploit it to stop brexit. We don't want to discuss it, there is nothing to discuss. We want to get on with it.

Re: Post-Brexit Thread

Quote:

Originally Posted by Ramrod (Post 35864644)

Yes and it's not like EU related referenda are ever re-run in order to get the 'right' result is it? The only people with anything to gain are on the remain side because they believe the longer they can string out the process, the more likely it is that the issue will be fudged in their favour one way or another.