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View Poll Results: What would you personally prefer to happen?
I want the UK to stay in an ever-closer union 49 23.11%
I want the UK to stay in a loosely connected EU 68 32.08%
I want the UK out because the EU is bad for the UK 22 10.38%
I want the UK out because the EU is a bad thing 23 10.85%
I want the UK out because this would be good for the rest of us 17 8.02%
I don't really care 33 15.57%
Voters: 212. You may not vote on this poll

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  #5541  
Old 30.09.2016, 16:46
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Re: The Brexit referendum thread: potential consequences for GB, EU and the Brits in

True enough but in the case of the world's most powerful nation that gets put to one side. Then it's time to un-level the playing field within 'rules'.
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  #5542  
Old 30.09.2016, 17:15
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Re: The Brexit referendum thread: potential consequences for GB, EU and the Brits in

I don't think it's some grand US conspiracy. And at least they had the good sense to let Lehmann Brothers go.
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  #5543  
Old 30.09.2016, 17:59
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Re: The Brexit referendum thread: potential consequences for GB, EU and the Brits in

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I don't think it's some grand US conspiracy. And at least they had the good sense to let Lehmann Brothers go.
The US set the pace. As a consequence of the S&L crises in the 80ies hundreds, perhaps thousands, of bank managers were jailed.
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  #5544  
Old 30.09.2016, 20:50
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Re: The Brexit referendum thread: potential consequences for GB, EU and the Brits in

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I don't think it's some grand US conspiracy. And at least they had the good sense to let Lehmann Brothers go.
Except Lehmanns was not a high street bank! And as anyone who lived through the six months bank strike in Ireland in 1970 will tell you - the last thing you need is major retail banks going to the wall.
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  #5545  
Old 30.09.2016, 20:52
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Re: The Brexit referendum thread: potential consequences for GB, EU and the Brits in

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The US set the pace. As a consequence of the S&L crises in the 80ies hundreds, perhaps thousands, of bank managers were jailed.
Bankers went to jail because they committed fraud, just the same as bankers in Iceland and Ireland are going to jail because of fraud, not because of the crisis.
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  #5546  
Old 30.09.2016, 21:00
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Re: The Brexit referendum thread: potential consequences for GB, EU and the Brits in

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just as it was wrong to not wipe out UBS shareholders when the SNB had to step in.
Well the SNB stepped in with 6b, which was in fact quickly paid back and shareholders say share prices fall from around 75-80 down to 14-18.
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  #5547  
Old 30.09.2016, 22:05
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Re: The Brexit referendum thread: potential consequences for GB, EU and the Brits in

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You've noticed how all of the American Banks excluding Bear Stearns have cruised through this and almost none of the European ones?
Have you ever watched 'Margin Call'?
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  #5548  
Old 30.09.2016, 22:28
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Re: The Brexit referendum thread: potential consequences for GB, EU and the Brits in

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Have you ever watched 'Margin Call'?
Good movie, and most movies about finance are crap.
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  #5549  
Old 01.10.2016, 10:02
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Re: The Brexit referendum thread: potential consequences for GB, EU and the Brits in

Interesting point that I was not aware of
"The pressure not to name a date is intense due to the government’s acknowledgement that the UK’s negotiating position would have to be outlined in the formal letter issued to trigger article 50."

I assume they are struggling with defining this position.

Not sure how this information matches May's claim she will keep the UK negotiating position secret

Source
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  #5550  
Old 01.10.2016, 10:05
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Re: The Brexit referendum thread: potential consequences for GB, EU and the Brits in

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Interesting point that I was not aware of
"The pressure not to name a date is intense due to the government’s acknowledgement that the UK’s negotiating position would have to be outlined in the formal letter issued to trigger article 50."

I assume they are struggling with defining this position.

Not sure how this information matches May's claim she will keep the UK negotiating position secret

Source
Yep, they aren't stupid these governments. Good move Mrs. May.
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  #5551  
Old 01.10.2016, 12:00
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Re: The Brexit referendum thread: potential consequences for GB, EU and the Brits in



Tom
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  #5552  
Old 01.10.2016, 23:46
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Re: The Brexit referendum thread: potential consequences for GB, EU and the Brits in

So for better or worse, it's starting http://www.telegraph.co.uk/news/2016...xe-to-eu-laws/
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  #5553  
Old 02.10.2016, 00:30
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Re: The Brexit referendum thread: potential consequences for GB, EU and the Brits in

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So for better or worse, it's starting http://www.telegraph.co.uk/news/2016...xe-to-eu-laws/
The Act is a requirement of EU membership and can not be repealed before the actual exit without consequences - membership suspension! Or perhaps that is what she wants - MEPs, civil servants etc... all unable to interact with the EU while her team conducts the negotiations.

The downside would be that she would have burned most of her bridges and the chance of getting a good deal would well and truly be gone.

On the other hand perhaps she has just been listening to Boris and friends for too long.
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  #5554  
Old 02.10.2016, 02:18
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Re: The Brexit referendum thread: potential consequences for GB, EU and the Brits in

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The Act is a requirement of EU membership and can not be repealed before the actual exit without consequences - membership suspension! Or perhaps that is what she wants - MEPs, civil servants etc... all unable to interact with the EU while her team conducts the negotiations.

The downside would be that she would have burned most of her bridges and the chance of getting a good deal would well and truly be gone.

On the other hand perhaps she has just been listening to Boris and friends for too long.
Seems Parliament will have to vote on this repeal; so Parliament will be involved in some way, contrary to what May said in Parliament about excluding MPs from the process??
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  #5555  
Old 02.10.2016, 03:04
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Re: The Brexit referendum thread: potential consequences for GB, EU and the Brits in

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Seems Parliament will have to vote on this repeal; so Parliament will be involved in some way, contrary to what May said in Parliament about excluding MPs from the process??
It seems her intention is to incorporate all EU law into UK law and fix it up later! This alone will be a challenge given the nature of EU law. Lots of legal draftsmen required... good time to be a barrister!
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  #5556  
Old 02.10.2016, 03:52
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Re: The Brexit referendum thread: potential consequences for GB, EU and the Brits in

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Well the SNB stepped in with 6b, which was in fact quickly paid back and shareholders say share prices fall from around 75-80 down to 14-18.
Irrelevant, you are using hindsight. The moment the SNB acted, UBS was effectively bankrupt (some may call it something else, e.g. insolvent, but the effect is the same).
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  #5557  
Old 02.10.2016, 04:42
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Re: The Brexit referendum thread: potential consequences for GB, EU and the Brits in

Well I hope she incorporates EU Regulation 261/2004 because I'll be making a claim on it after todays fiasco getting home.
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  #5558  
Old 02.10.2016, 10:27
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Re: The Brexit referendum thread: potential consequences for GB, EU and the Brits in

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It seems her intention is to incorporate all EU law into UK law and fix it up later! This alone will be a challenge given the nature of EU law. Lots of legal draftsmen required... good time to be a barrister!
Good idea though I would say. Achieves what people wanted. For the never ending complaints that the uk would leave people in the lurch, the starting point will be eu law but under British control which then Britain is free to modify. If we need some lawyers to make it, fine, hire some lawyers. The people won't mind the cost because the people voted for this seperation.
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  #5559  
Old 02.10.2016, 11:23
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Re: The Brexit referendum thread: potential consequences for GB, EU and the Brits in

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Good idea though I would say. Achieves what people wanted. For the never ending complaints that the uk would leave people in the lurch, the starting point will be eu law but under British control which then Britain is free to modify. If we need some lawyers to make it, fine, hire some lawyers. The people won't mind the cost because the people voted for this seperation.
Some lawyers LOL

If we count every law passed by the European Commission between 1993 and 2014 as a "UK law from Brussels" then there have been 49,699 of them.

This is probably too high since some laws relate to non-UK things like Olive growing.

So let us take a smaller number, say 20,000?
How many lawyers will it take to rewrite these? Depends if they are short or long laws?
How many will have to be voted on in Parliament?

"The people won't mind the cost" Apart from those who thought some money savings would go to the NHS "Boris Johnson says NHS will get substantial extra funds after Brexit" Source
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  #5560  
Old 02.10.2016, 11:38
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Re: The Brexit referendum thread: potential consequences for GB, EU and the Brits in

"European customers are boycotting British cars, says Jaguar Land Rover boss"

Hope this is not true; maybe the new currency driven lower prices have not happened yet - certainly not yet in Switzerland

Greedy buggers!

Source


Meanwhile elsewhere in theauto industry "Renault Nissan, the largest car plant in Europe (Sunderland) and a crucial pillar of the local economy, employing 7,000 people, has deferred all new investment until the details of Brexit are clear.
The chief executive, Carlos Ghosn, explained that it was not because the company did not value its Sunderland plant, its most efficient. Rather, as a major exporter to the EU, its profitability depends on the prevailing tariff regime, which promises to change sharply for the worse.
“Important investment decisions,” he said, “would not be made in the dark.”

This was the town that voted over 60% for Brexit

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