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Post by William Wilson on Jul 28, 2017 7:00:37 GMT
I voted leave, and I readily concede that it may turn out to be the worst decision since JFK decided to take the car downtown. Of course, it might. But do you honestly believe that, in the long run, it`s utterly impossible that all this will prove to be beneficial for this country? . This morning Paris announced that it has already prepared itself to be the centre of Financial Commerce. Lol. They can announce that Paris has already prepared itself to be the centre of the universe. Doesn`t mean it`s going to happen. Edit, this is how I see this one panning out. 1st June 2019. France announces that Paris is now the centre of financial commerce. 2nd June 2019. Germany announces that it wants Frankfurt to be the centre of financial commerce. 3rd June 2019. France surrenders, and announces that Frankfurt is indeed the centre of financial commerce. Plus anything else, the Germans might want. |
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Post by Deleted on Jul 28, 2017 9:15:39 GMT
Lets see.
But things are looking grim with our own government contradicting itself on free movement, the Home Secretary ordering a study of the benefits of free movement (a bit late some might say) EU putting off negotiations as the final divorce bill cannot be agreed upon (but there will be one)
On paper this is as chaotic and absurd as the campaigns of both sides leading up to the referendum
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Post by LJG on Jul 28, 2017 9:49:11 GMT
Lets see. But things are looking grim with our own government contradicting itself on free movement, the Home Secretary ordering a study of the benefits of free movement (a bit late some might say) EU putting off negotiations as the final divorce bill cannot be agreed upon (but there will be one) On paper this is as chaotic and absurd as the campaigns of both sides leading up to the referendum But clearly not having an adverse economic impact and the status of EU nationals currently in the UK is assured so all rosy. |
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Post by Deleted on Jul 28, 2017 13:48:47 GMT
Lets see. But things are looking grim with our own government contradicting itself on free movement, the Home Secretary ordering a study of the benefits of free movement (a bit late some might say) EU putting off negotiations as the final divorce bill cannot be agreed upon (but there will be one) On paper this is as chaotic and absurd as the campaigns of both sides leading up to the referendum It's only appearing to be 'chaotic' as that is what the Remainers want! How do we know just what the government are negotiating? The government are not contradicting themselves. If the EU pull out of the negotiations, then fine. WTO rules it is. |
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Post by Hugo the Elder on Jul 29, 2017 6:09:57 GMT
The money men/bankers and the economy were always going to be alright.
They make good money off instability.
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Post by Deleted on Jul 29, 2017 6:15:28 GMT
Lets see. But things are looking grim with our own government contradicting itself on free movement, the Home Secretary ordering a study of the benefits of free movement (a bit late some might say) EU putting off negotiations as the final divorce bill cannot be agreed upon (but there will be one) On paper this is as chaotic and absurd as the campaigns of both sides leading up to the referendum But clearly not having an adverse economic impact and the status of EU nationals currently in the UK is assured so all rosy. A 20% decline in market value of our currency is not a negative?? |
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Post by LJG on Jul 29, 2017 7:44:46 GMT
But clearly not having an adverse economic impact and the status of EU nationals currently in the UK is assured so all rosy. A 20% decline in market value of our currency is not a negative?? Well the first thing to do is ascertain whether your claim is true or not, then ascertain if that is a result of having triggered article 50 and then decide if that's bad news or not. 1. I'm not sure where you got the 20% figure from and I'm not sure what you're referring to as the 'market value' but since the referendum result the pound has lost about 15% on the dollar and about 12% on the euro so nowhere near 20% in either case. 2. It fell from a peak. Look at a graph of the pound against the dollar over five years. It is a steady downward trajectory since about July 2014. It peaks back up a little way in about May 2016 then continues the downward trend. 3. The reason for its fall since 2014 is continued low interest rates. The referendum caused a flux because of uncertainty yes but to say the fall in the value of the pound is solely because of the referendum is just to ignore reality. The BBC have been extremely good at that I must say. 4. Is the decline a negative? Was your original question. Well if you're going on holiday yes but if you're someone who can be employed in an inflationary environment because a weak pound is absorbing your employment costs to your employer then I don't think you'd see it as a negative - we've still got record low unemployment. Nor if you have an export business which will suddenly be more appealing to anyone using the dollar. Nor if you have a pension tracking the FTSE100 which is enjoying the benefit of a weak pound. |
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Post by William Wilson on Jul 29, 2017 12:29:14 GMT
But clearly not having an adverse economic impact and the status of EU nationals currently in the UK is assured so all rosy. A 20% decline in market value of our currency is not a negative?? FTSE at levels not seen since....er, never. Not a positive? Even the appalling Mark Carney has given up trumpeting every possible piece of gloomy economic news, in the hope of making his pre-referendum predictions come true. Can`t you? |
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