Brexit: Now What? Part IV

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GlennB said:
Well, when the storm broke Greek debt was owned by EU banks. A default would have hurt those very badly (with heavy repercussions in the more arcane markets) so the Troika spun the pain out long enough, by continuing to bail Greece out, for the debt to become owned by the public. So those 'chances' were very 'pragmatic' indeed - in fact carefully calculated - and after that point they didn't really care very much wtf happened to Greece.
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meanwhile, Greece voted in idiotic populists who finished the job of previous governments - bankrupting country.
 
Klimax said:
meanwhile, Greece voted in idiotic populists who finished the job of previous governments - bankrupting country.
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I was arguing against your claim that bailing out Greece a number of times was *not* pragmatic. If you want to change tack that's fine.
 
Meanwhiles Gove is making nebulous promises about environmental protections post-Brexit.

Writing in The Telegraph, he said the watchdog would have "real bite" but did not outline exact planned powers.

He said it was important that environmental enforcement and policymaking remained bound to a clear set of principles once Britain leaves the EU.
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http://www.bbc.co.uk/news/uk-politics-41958801

The usual for Brexit then, not a ******* clue :mad:
 
Wudang said:
https://www.theguardian.com/comment...global-power-strong-man-game?CMP=share_btn_fb
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Oh great :(

Helpfully, US commerce secretary, Wilbur Ross, explained what that might mean for any post-Brexit trade deal with the US at the recent CBI conference. Britain would be expected to adopt laxer, ultra business-friendly US standards and its approach to standard-setting. There was no indication of any reciprocal concession. There is no need. The Brits “are on the ropes”, so they must accept whatever is offered. The WTO is too weak to offer any help, even if it could.

Fear not. The government is preparing for this brave new world. Liam Fox, international trade secretary, published his trade bill last week, allowing Britain to secure quickly and expeditiously the multiple trade deals that will allegedly follow Brexit. Importantly, he will be given prerogative rights to do whatever deal he can negotiate, without any recourse to parliament.

Britain, in short, is set to become economic carrion preyed on by mercantilist vultures, away from parliamentary scrutiny and without the strength in numbers provided by the EU.
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An old post of mine - June last year
http://www.internationalskeptics.com/forums/showthread.php?postid=11332705#post11332705

the words of a leading American trade negotiator discussing the slow progress being made on a trade deal between the US and the EU. It was taking time, he said, because the US was having to learn how to deal with an adversary who was an equal. This was in stark contrast with the way the US deals with individual countries. “Normally we just fax them our terms and tell them to sign.”
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The Don said:
Oh great :(
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Reading that quote (and people really should) it occurs to me that this is exactly what a substantial number of Tories want - to open up the UK to such predation *before* they have a chance to lose an election and allow someone else to put a brake on all that.

Is it possible that thoughts of their potential personal gains might make them that cynical? Could this be why the lame-duck May is being preserved against all concept of what is reasonable? Or is this just me being paranoid?
 
Theresa May is off to visit EU business leaders. Those business leaders are concerned..

European business leaders will meet Prime Minister Theresa May later on Monday to voice concerns about the future of UK-EU trade.

Experts from groups including the CBI and BusinessEurope will stress the need for a transitional deal that preserves the status quo after Brexit.

They will urge the government to clarify the future relationship between the UK and the rest of the EU.
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http://www.bbc.co.uk/news/business-41962813

If I was a business leader (as opposed to just a businessman heavily dependent on EU trade, I wouldn't just be pushing for a transitional deal (which perforce will expire) or clarity on the post-Brexit position (after all it could be a complete disaster), I'd be pushing Theresa May to put someone competent and conscientious in charge of the negotiations not dumb, dumber and dumbererer.
 
The Don said:
Theresa May is off to visit EU business leaders. Those business leaders are concerned..



http://www.bbc.co.uk/news/business-41962813

If I was a business leader (as opposed to just a businessman heavily dependent on EU trade, I wouldn't just be pushing for a transitional deal (which perforce will expire) or clarity on the post-Brexit position (after all it could be a complete disaster), I'd be pushing Theresa May to put someone competent and conscientious in charge of the negotiations not dumb, dumber and dumbererer.
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Surely we have - Theresa May?



;)
 
Darat said:
Surely we have - Theresa May?



;)
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Even if we were to take the remarkable step of declaring Theresa May to be competent to carry out said negotiations, IMO she simply does not have the time to engage because she has other Prime Ministerial business to address.

From the BBC article I linked earlier:

She said a CBI survey showed that 10% of firms had "already pressed the button on their contingency plans" in the event of a no-deal Brexit.

"A firm I spoke to in Belfast last year, who a manufactures in Belfast, because of tariffs and red tape that would result from a no-deal Brexit, they have pulled together plans for moving to France, so it's that kind of contingency plan that firms are putting together."

And the pace of planning by firms was picking up, she added with about 60% of firms saying they would have implemented contingency plans by the end of next March.
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This organic fertiliser is starting to get real. When firms start scaling back operations and shutting up shop then that situation cannot be easily reversed (not least because they've gone through the time and expense of moving once).
 
The Don said:
This organic fertiliser is starting to get real. When firms start scaling back operations and shutting up shop then that situation cannot be easily reversed (not least because they've gone through the time and expense of moving once).
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And in light of this, it surprises me what is happening in Dutch politics. As you may know, since a couple of weeks, we have a new government (a four-party coalition with a majority of 76 out of 150 seats). The biggest surprise in their coalition agreement is that they intend to scrap the dividend tax, which is now at 25%, even though none of the coalition parties had this in their election manifestos. And during the parliamentary debate on the coalition agreement, the leaders of the coalition partners were very unconvincing in defending this measure, while being vehemently criticized from the left-wing opposition.

Rumor in the press is that it was not just the general employers organization VNO-NCW that pushed for this measure, but that specifically the Anglo-Dutch multinationals Royal Dutch/Shell and Unilever pushed for it, threatening to relocate their headquarters from the Netherlands to London. How real is such a threat in the light of Brexit?
 
Craig B said:
Strange how roles have reversed between the UK and China since Victoria's days. Maybe China will now force us to import their opium, and if we demur they will burn down Buckingham Palace and Windsor Castle.
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Payback can be a female dog. It wouldn't shock me to find that there are a lot of countries who have an historical score to settle with the UK and post-Brexit trade deals may be one way to do that.
 
What's that awful sound? Oh it's the wailing of the Brexiteers as they receive this news:

Parliament to get binding vote on final Brexit deal

This is a game changer suddenly May can't just storm out and ram through a diamond hard Brexit, now the her cabinet of clowns will have to come up with an actual negotiating strategy, David Davis may have to come into the office FOUR days a week!
 
Garrison said:
What's that awful sound? Oh it's the wailing of the Brexiteers as they receive this news:

Parliament to get binding vote on final Brexit deal

This is a game changer suddenly May can't just storm out and ram through a diamond hard Brexit, now the her cabinet of clowns will have to come up with an actual negotiating strategy, David Davis may have to come into the office FOUR days a week!
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Not if you see what David Davis has stated about the bill :(

To me it looks like giving the rest of Parliament the opportunity to own the disaster of a no-deal Brexit.

If Parliament rejects the deal, then there is a no-deal Brexit. So Davis can blame Parliament for denying the British People the opportunity of the Fantastic (TM) deal that he brokered.

If it accepts his deal, then that shows that he had the backing of Parliament.
 
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