Britain outside the EU

[daveeb]

Hugh if you could provide me with 6 random numbers between 1 and 59 I'd be most grateful, just asking for a friend

[TheDaddy]

Just in case anyone else isn't aware another brexit benefit is you can't travel in schengen if your UK passport is in date with three months still on it but more than 10 years old as my friend found out tonight when she tried to fly to Greece, shitty way to spend your birthday and I won't be impressed if anyone tells her this is what she voted for
Anyway don't let what happened to her happen to you is my best advice

[Pierre]

Looks like Germany is pushing for a better trade deal with the UK, in so far as making it easier to trade with us.

It seems that they are understanding the British phrase of "cutting your nose off to spite your face"

https://www.theguardian.com/politics...0life%E2%80%9D.

Originally Posted by Pierre

Looks like Germany is pushing for a better trade deal with the UK, in so far as making it easier to trade with us.

It seems that they are understanding the British phrase of "cutting your nose off to spite your face"

https://www.theguardian.com/politics...0life%E2%80%9D.

Well yeah, this will be good for all of us. The question is will we agree?

[1andrew1]

Originally Posted by Pierre

Looks like Germany is pushing for a better trade deal with the UK, in so far as making it easier to trade with us.

It seems that they are understanding the British phrase of "cutting your nose off to spite your face"

https://www.theguardian.com/politics...0life%E2%80%9D.

They've learnt from watching us do that in 2016! Let's hope Britain takes up the offer!

[1andrew1]

The economic boom is surely on its way as we start to enjoy our Brexit freedoms!

UK set to axe cap on bankers’ bonuses

Move to boost the City in the wake of Brexit would abolish EU rule that limits payouts to twice base salary

The UK will on Tuesday confirm that it is scrapping the cap on bankers’ bonuses that was inherited from the EU as part of its post-Brexit push to boost the City of London, according to people familiar with the situation.

The move follows a consultation earlier this year on plans to abolish a 2014 rule limiting bonuses to twice base pay for employees of banks, building societies and investment firms.

The UK’s top financial regulators argued against the ban when it was introduced, and the government has claimed that lifting it will increase the post-Brexit competitiveness of the City.

Finance bosses privately gave a hesitant welcome to then chancellor Kwasi Kwarteng’s announcement last September that the UK would abolish the measure, fearing a public backlash. They originally opposed the bonus cap because it forced them to lift fixed pay to retain staff.

https://www.ft.com/content/cc419caf-...1-90e80c7a114b

[Ms NTL]

Originally Posted by 1andrew1

The economic boom is surely on its way as we start to enjoy our Brexit freedoms!


https://www.ft.com/content/cc419caf-...1-90e80c7a114b

This was never a problem. One creates say, an "enhanced payments for new investment ideas" account, or "research in venture opportunities " account, which clearly ain't a bonus --nor a salary. Then an accountant helps you to get the money out of it.

[pip08456]

Could Hungary be joining us soon?

The EU is increasingly doubtful about Hungary, Orban is getting isolated - mass media

https://www-pravda-com-ua.translate....en&_x_tr_hl=en

[OLD BOY]

Originally Posted by 1andrew1

The economic boom is surely on its way as we start to enjoy our Brexit freedoms!


https://www.ft.com/content/cc419caf-...1-90e80c7a114b

We are doing rather better than you portray in your posts, but the facts are:

1. We are free to trade with the world on our own terms, and we are now able to include services within those deals, which the EU continued to deny us to the end.

2. Trade figures show UK exports are now at a record high - yes, I said a record high - of £834billion. The government expects this to grow to £1trillion of exports per year by 2030.

3. Contrary to the claims of remainers that we would never get a trade deal with the US, we have pursued a policy of dealing with the US on a State by State basis. This is because Biden has no interest in trade deals on a national basis with anyone. So far, we have done deals with six States, with a combined GDP of £2trillion. We are currently negotiating with another five, and when confirmed, this will represent 40% of the population of the US. These trade deals contain advantages for us including recognition of British qualifications and permitting British firms to sell their services.

4. We have signed up to the Trans-Pacific Strategic Economic Parnership Agreement (TPTPP), meaning that 99% of our current exports to CPTPP member countries will be eligible for zero tariffs, improving goods market access for UK firms. Joining will lead to the opening of new markets for our most important services providers.It is anticipated that in the long run, membership will lead to a £2.6 billion increase in UK exports. The deal gives us a trade deal with Malaysia and Brunei for the first time. There are so many advantages that will be realised from deals like this and the forecasts on future income are likely to prove very modest compared with the possibilities that come with our new freedoms.

5. A trade deal with India looks likely within the next few months, maybe even weeks.

The UK is doing well and our future is bright, but we do still need to repeal those EU laws that are strangling businesses.

Yes, there are some downsides, but the picture you paint of how we are faring post Brexit is unnecessarily bleak.

Meanwhile, euro zone entered a recession earlier this year, posing a challenge for the European Central Bank. The seas aren’t all that blue on the other side of the Channel.

[jfman]

Originally Posted by OLD BOY

2. Trade figures show UK exports are now at a record high - yes, I said a record high - of £834billion.

The sleight of hand that is record high levels of inflation. Come back and tell us what year has - in real terms - the highest levels of exports and what year (in the future) we expect to achieve that again.

The UK is doing well and our future is bright, but we do still need to repeal those EU laws that are strangling businesses.

Can you name a single law, sector and expected impact on GDP?

[OLD BOY]

Originally Posted by jfman

The sleight of hand that is record high levels of inflation. Come back and tell us what year has - in real terms - the highest levels of exports and what year (in the future) we expect to achieve that again.



Can you name a single law, sector and expected impact on GDP?

The depths you plunge to in an effort to deny the truths you don’t like are breathtaking, jfman. Even if your ridiculous assertion that the £834bn was only due to inflation was correct (which it isn’t) it is still evidence that our economy is not worsening following Brexit. And we’ve already discussed how bureaucratic EU laws are a drag on businesses, so if you don’t mind, I’m not going to enter into another one of your repetitive and circular arguments/wind-ups.

It seems to me that you want this country to fail and don’t appreciate anything that seems to indicate we are going in the right direction. Well, I think you should be prepared to be disappointed.

[jfman]

Originally Posted by OLD BOY

The depths you plunge to in an effort to deny the truths you don’t like are breathtaking, jfman. Even if your ridiculous assertion that the £834bn was only due to inflation was correct (which it isn’t) it is still evidence that our economy is not worsening following Brexit. And we’ve already discussed how bureaucratic EU laws are a drag on businesses, so if you don’t mind, I’m not going to enter into another one of your repetitive and circular arguments/wind-ups.

It seems to me that you want this country to fail and don’t appreciate anything that seems to indicate we are going in the right direction. Well, I think you should be prepared to be disappointed.

OB you know it's a sleight of hand that if inflation is running at 10%+ for consecutive years to use a straightforward figure as a 'record' of anything is fundamentally misleading.

Once again I ask what year did the UK have - in real terms - the highest levels of exports and when (in the future) do we expect to reach that performance?

It's only by engaging with facts, and the truth, that you will reach any meaningful conclusions.

I've no interest in this country failing - indeed my input to this forum (while extremely valuable) has no meaningful impact at all. I'd be the first to acknowledge genuine record figures of anything positive so long as they were adequately inflation adjusted.

And of course purchasing power, if it's about money in the pockets of the hard working man on the street.

However any claims at offering insight that take account of neither are merely political spin however way you cut it.

[OLD BOY]

Well, let’s see the figures according to jfman since you are the one spreading all the doubt.

Originally Posted by OLD BOY

Well, let’s see the figures according to jfman since you are the one spreading all the doubt.

Well, since you haven’t shown your source…

Spoiler: 

Anyway, here’s the whole picture, rather than focusing on one area - it’s good that exports are growing, but so are imports and our trade deficit.

https://commonslibrary.parliament.uk...fings/sn02815/

In 2022, the UK’s exports of goods and services totalled £834 billion and imports totalled £902 billion. The EU accounted for 41% of UK exports of goods and services and 47% of imports in 2022.

The UK generally imports more than it exports meaning that it runs a trade deficit. A deficit of £219 billion on trade in goods was offset by a surplus of £151 billion on trade in services in 2022. The overall trade deficit was £68 billion in 2022.

The UK had a trade deficit with the EU of £81 billion in 2022 and a trade surplus of £13 billion with non-EU countries.

The trade deficit with all countries decreased to £7.9 billion in the three months to August 2023 compared with a £9.4 billion deficit in the previous three months. Exports decreased by 1.5% in cash terms over this period while imports decreased by 2.1%.

The current account, which includes investment income and transfers as well as trade, saw a deficit of £78 billion in 2022, compared with £11 billion in 2021. The current account deficit was 3.1% of GDP in 2022 compared with 0.5% in 2021.

The current account deficit widened to £25.3 billion in Q2 2023 (3.7% of GDP), compared with a deficit of £15.2 billion (2.3% of GDP) in Q1 2023.

[Ms NTL]

From a private BMA forum, I hear that there is a tax (pension?) office in NI that chases the EU to pay pensions to UK citizens. It seems to be quite aggressive "UK paid contributions" bla bla "UK citizens are entitled to their benefits"....

You do not need to have worked in the EU, just be present in the EU country... I guess it's a EU state pension. I have no more details, it's from advisors at a BMA forum

For the record, I am a Remainer.