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$1T is leaving Britain because of Brexit
201–210 of 283 posts
Re: $1T is leaving Britain because of Brexit
#202Earlier quoted context omitted.
Every time someone tries to prove this by doing an unbiased economic investigation, it concludes that the negative effect is either nonexistent or tiny. Housing competition is fundamentally local - everyone in the world wants London property, regardless of living there. Nobody wants houses in Stoke on Trent.
> Every time someone tries to prove this by doing an unbiased economic investigation, it concludes that the negative effect is either nonexistent or tiny. That's a pretty bold assertion, not what a quick google reflects
Care to share the results of your quick search please?
Re: $1T is leaving Britain because of Brexit
#203Earlier quoted context omitted.
The UK could easily stay in the single market by officially canceling brexit. It’s even a unilateral decision. It’s just that you cannot pick the benefits of being a EU member while shedding the obligations. In that regard it’s no different from a good old fashioned British Club.
> It’s just that you cannot pick the benefits of being a EU member while shedding the obligations. Of course you can, it's a matter of negotiations. UK has/had plenty of exemptions as EU member and Switzerland for example is not part of Schengen but in the single market. It amazes me how people here think that the EU is somehow the entity that makes up all the rules. It's not, deals are bilateral.
"Of course you can, it's a matter of negotiations."
Since the EU is much larger and has to protect her own interest, there is not much to negotiate. In fact, the deal offered is already pretty good for the UK. The last response of "no further negotiations" from the EU made this pretty clear.
Re: $1T is leaving Britain because of Brexit
#204Earlier quoted context omitted.
I don’t share your view of this. First off, you can disregard any statements made by Leave campaigners during the referendum campaign. The same people who are now advocating a “cut all ties” approach were the ones who were saying things like “nobody is talking about leaving the single market”. Looking for ideological consistency is a dead end. Second, the UK and campaigners should have been well aware of what would b…
I agree that looking for ideological consistency is a dead end in any large group of people, including for those who campaigned to remain. Some supported the EU project for ideological reasons (it's an ideological, utopian project after all) and others had purely pragmatic concerns. Some who argued for one side have switched to the other in the years since. Third, you are deliberately misrepresenting the nature and s…
That's a very odd claim to make because the EU itself is extremely clear that you're wrong.
I won’t quite the rest, but I think you have misunderstood the EU’s position on this.
Yes, as I said there are different forms the relationship could take. I described some of them. What there isn’t - as various EU bods you quote point out – is any other deal available at this point. It’s done. If the UK had engaged in this process honestly, from the start, then other deals could have been achieved. Remember this graphic published by Barbier? http://fingfx.thomsonreuters.com/gfx/rngs/BRITAIN-EU/0100603...
I don’t think I’m being at all inconsistent or dishonest here. I’m happy to change my views if I’m wrong. But I haven’t heard a convincing argument that the current situation is the fault of anybody but a comically incompetent UK government.
Re: $1T is leaving Britain because of Brexit
#205Earlier quoted context omitted.
> EU member states will still want UK money. Those shiny Euros the UK is coining? Seriously, the banking services provided by the city will move to Paris and Frankfurt in no time. Outside the EU, London has zero structural advantage or lock-in.
Do you actually work in the City or in the financial industry? There are many cities in the EU. If London has no advantages other than being in the EU then why is so much financial work done there? By the way, unlike what many in this thread seem to think, being in the EU is of limited value for business protection. France and Germany via their proxies have been trying to pull financial work out of London for years -…
"Do you actually work in the City or in the financial industry?"
Well, sorry for the pun, but you obviously don't:
"By the way, unlike what many in this thread seem to think, being in the EU is of limited value for business protection. France and Germany via their proxies have been trying to pull financial work out of London for years - the EU Commission already tried to illegally ban Eurozone countries from using the UK for certain types of trading and clearing"
The EU wanted to have the EURO clearing in countries that have the Euro. The EU supreme court, that is hated so much in the UK, actually ruled that such a demand can not be made since the UK is in the EU (but not in the Euro). Since the UK is leaving the EU now, Euroclearing will move back to the Eurozone with a sunrise period granted by the EU.
https://www.independent.co.uk/voices/financial-services-city...
It does not make sense to look only of the cost of something (e.g. EU membership fees) without looking of the benefits gained. Allowance of euro clearing was one of the benefits.
Re: $1T is leaving Britain because of Brexit
#206Earlier quoted context omitted.
I don't feel bad (much) for those who voted for Brexit - all they had to do was spend 15 mins googling and thinking. Even if they didn't understand the full impact of leaving the EU, it was plain then (and now) to see it is such a bad idea from any angle. I do feel bad for those who voted to stay - they're gonna suffer now, despite voting responsibly and sensibly. I don't know how to take this - one way to look at it…
> I don't know how to take this - one way to look at it is democracy won and people spoke Democracy failed here. People elect representatives for a reason. Normal people shouldn't be expected to understand the complexities and nuances of a public policy decision. It should have been the responsibility of the elected representatives to have reasoned discussions, to weigh the pros and cons etc. and finally make decisio…
Politics failed, not democracy. Failed to offer an intelligent question, failed to present rational argument (never have I seen such disingenuous campaigning, by both sides, in UK politics as for the referendum), failed to present the result in the context of our constitution and system.
The referendum was called by Cameron to try and keep the party hardliners in their box. Nothing more than playing politics. The remain vote was supposed to be a foregone conclusion or he'd have not called that referendum at all. Cameron's reaction the morning after says it all.
In the words of Chris Patten, former Tory chairman:
"The whole sorry shambles began with a decision to call a referendum in order to try to manage the English nationalist right wing of the Conservative party."
https://www.theguardian.com/media/2019/jan/07/uk-must-have-s...
Re: $1T is leaving Britain because of Brexit
#207Earlier quoted context omitted.
> Name one important issue where the EU has reached a satisfactory agreement and results. Whenever someone asks for one single thing, they don't mean it. I predict anything I name will either not be important enough or you will not consider anything less than complete unanimity across the continent to be satisfactory. But fine, I'll play. Abolition of mobile roaming charges across the EU.
> But fine, I'll play. Abolition of mobile roaming charges across the EU. So, ignoring your attempt at preventing the obvious answer with your introductory rhetoric, you honestly believe that roaming charges were a significant issue for the EU? Why didn't you mention banning curved cucumbers instead?
The ban on curved cucumbers is a myth spread by the British tabloids.
They did not ban curved cucumbers, they simply provided rules for classification of fruits and vegetables so that buyers know what they are purchasing.
See: https://blogs.ec.europa.eu/ECintheUK/straight-cucumbers/
Re: $1T is leaving Britain because of Brexit
#208Earlier quoted context omitted.
And property prices in London/South East become affordable again, Sterling falls benefiting inward investment, exports, and tourism. So not all bad news then! :) There's so much defeatism within the UK and anti-Brexit propaganda flying around from vested interests. It's all so tiresome. > Brexit is a self inflicted shot to the head. Money isn't the only thing in life.
Yeah! English passports will be blue again, like God intended.
"God knew why he put the island monkeys on an island, but he did not expect them to build ships" German saying.
Re: $1T is leaving Britain because of Brexit
#209The article implies through its journalistic voice that this is objectively bad for GB. The fact that capital has left the country does not have any implication towards the rationality of that move. Various questions to ponder: 1) If this is just capital moving around within their own respective due to legal jurisdictional changes, this may be rational and may not even matter at all. Sometimes you change your behavio…
Agreed, economics is very finicky and hard to predict with such a high degree of confidence at this scale of complexity. There is a lot of sensationalism and overreacting but until this actually happens and there is time for the market to stabilize it is impossible to know for sure whether this is a net good or net bad.
Re: $1T is leaving Britain because of Brexit
#210Earlier quoted context omitted.
> Name one important issue where the EU has reached a satisfactory agreement and results. Whenever someone asks for one single thing, they don't mean it. I predict anything I name will either not be important enough or you will not consider anything less than complete unanimity across the continent to be satisfactory. But fine, I'll play. Abolition of mobile roaming charges across the EU.
> But fine, I'll play. Abolition of mobile roaming charges across the EU. So, ignoring your attempt at preventing the obvious answer with your introductory rhetoric, you honestly believe that roaming charges were a significant issue for the EU? Why didn't you mention banning curved cucumbers instead?
> you honestly believe that roaming charges were a significant issue for the EU
For me and the other citizens of the EU who happen to live in another EU country, yes, it was a significant improvement.