UK & EU Agree Post-Brexit Trade Deal

[papa smurf]

Originally Posted by Mr K

But not much is really happening on the 31st. We'll still be paying into the EU, following EU rules on 1st Feb, just we'll lose voting rights and influence. That might continue for years.

It is a Friday and granted, that is an excuse for beer, but that's the only reason !

Jesus Ebeneezer Have a day off from your bah humbug life,get with the program, we are leaving you might as well just accept it and enjoy the benefits coming your way , have you bunged a bob for a Big Ben bong?

[1andrew1]

Originally Posted by papa smurf

Jesus Ebeneezer Have a day off from your bah humbug life,get with the program, we are leaving you might as well just accept it and enjoy the benefits coming your way , have you bunged a bob for a Big Ben bong?

Based on what the Brexiter Patrick Minford says about UK manufacturing post-Brexit, "benefits coming your way" may be all too accurate a term for some.

[Gavin78]

I've given up caring now for any little sympathy I might have had for remain voters. Let them sulk I don't even debate brexit with them now. It's happening and that is not pretty much the end of it all.

They don't have to like the celebration coming but well that is life, They can have their own misery party instead.

[1andrew1]

I thought this must be a parody account, but it's real!

June Mummery. Brexit Party MEP for East of England.
@june_mummery
Attending the penultimate session of the #EuropeanParliament’s #FisheriesCommittee #PECHcommittee) with #BritishMEPs. The big question now is, who will be here to hold these people to account while they still control Britain’s waters, but the UK has no representation?

https://twitter.com/june_mummery/sta...67050574618626

[heero_yuy]

Quote from City A.M.

More than 1000 banks, asset managers, payments firms and insurers from the European Union are planning to open offices in post-Brexit Britain so they can continue to serve UK clients.

The new offices would help financial firms counter the loss of business as unrestricted two-way access between the UK and EU comes to an end in December following a Brexit transition period.

Over 1,000 of these firms do not currently have an office in the UK, suggesting they intend to establish their first office after the UK’s departure from the EU on 31 January.

“These figures clearly show that many firms see the UK as Europe’s premier financial services hub,” said Michael Johnson, a consultant at Bovill.

So much for loosing the City to Hamburg.

Quote from ITV news:

The IMF’s assessment of the UK prospects over next two year is relatively upbeat.

It predicts that growth will “stabilise” at 1.4% in 2020 and 1% in 2021, weak by UK historical standards but growth none-the-less and stronger growth than the IMF is predicting for Germany, France and Japan.

UK powering away from the rotting EU corpse.

[pip08456]

Originally Posted by heero_yuy

So much for loosing the City to Hamburg.



UK powering away from the rotting EU corpse.

But, but, but Project Fear was telling the stark truth so this must be fake news!
Don't forget the experts telling us our financial place as the capital of the world were using tried and trusted methods of coming to that position as were those other experts saying we would be in recession.

[jonbxx]

I thought we didn't believe economic forecasts as they were always wrong...

Looking at original report (link) there were some interesting points made;

In the United Kingdom, growth is expected to stabilize at 1.4 percent in 2020 and firm up to 1.5 percent in 2021—unchanged from the October WEO. The growth forecast assumes an orderly exit from the European Union at the end of January followed by a gradual transition to a new economic relationship.

(my emphasis)

This is highlighted in the ITV report but there also appears to be a typo in that report on growth, it's not 1% but 1.5% in 2021.

The Eurozone and in particular Germany are being held back by softness in the manufacturing sector. The UKs GDP from manufacturing is only 9% of the total GDP while for Germany it's 21%. In terms of currency, it's $60bn for the UK vs. $185bn so it's a big exposure...

The general trends in manufacturing are the same for Germany and the UK however.

GDP Data for UK
GDP Data for Germany

Also, the German Government has had a budget surplus for most of the last decade, unlike the UK, and it’s national debt is around 62% of GDP (vs UK’s 81%), so it has a bit of a buffer.

[tweetiepooh]

Originally Posted by papa smurf

Jesus Ebeneezer Have a day off from your bah humbug life,get with the program, we are leaving you might as well just accept it and enjoy the benefits coming your way , have you bunged a bob for a Big Ben bong?

I don't think that we should ring out Big Ben. Yes I support leave but we should be gracious about it especially since much of London voted remain. I'm pleased but am I celebratory - not really.

[pip08456]

Originally Posted by tweetiepooh

I don't think that we should ring out Big Ben. Yes I support leave but we should be gracious about it especially since much of London voted remain. I'm pleased but am I celebratory - not really.

All the more reason to get Ben to bong!

[papa smurf]

Originally Posted by pip08456

All the more reason to get Ben to bong!

I agree, London may not have voted leave but the UK did and big Ben is for the many not the few
I am willing to put all the arguments to bed and celebrate as a United Kingdom.

[Sephiroth]

Bottle of champus will do me and the missus (aka “them”).

Originally Posted by Sephiroth

Bottle of champus will do me and the missus (aka “them”).

Bit different, but whatever works for you (and SWMBO)...

Champus

[papa smurf]

Originally Posted by Hugh

Bit different, but whatever works for you (and SWMBO)...

Champus

Looks like someone has barfed in it.

[Sephiroth]

Originally Posted by Hugh

Bit different, but whatever works for you (and SWMBO)...

Champus

German parlance for champagne. Irony.

---------- Post added at 15:22 ---------- Previous post was at 15:21 ----------

btw - there is/was a French fizzy drink called pssschitt.