The Brexit referendum thread: potential consequences for GB, EU and the Brits in CH

[Reb77Br]

I was wondering if Tim Farron had contributed to the House of Commons debate on Monday following David Davis's statement, but it seems not.

Exiting the European Union - HoC debate, 5 September 2016

[Jim2007]

	Quote:	marton
	Due to Brexit UBS is considering a partial withdrawal from the City of London. UBS CEO Sergio Ermotti told the magazine "Nikkei Asian Review" that between 20 and 30 percent of more than 5,000 jobs could be lost in the British financial center. Source (German language)

And Bats Europe is considering Dublin or another EU location.

	Quote:
	Bats Europe accounts for about 24 percent of daily trading in European shares and a shift of UK operations of one of the financial sector's biggest success stories would be a blow to London's prestige as a global financial centre.

[Reb77Br]

House of Commons Briefing Paper - "Brexit: impact across policy areas"
Full report

"This paper looks at the current situation in a range of policy areas and considers what impact Brexit might have. This will depend, among other things, on the Brexit negotiations, whether the UK stays in the European Economic Area and how the Government fills any policy gaps left by withdrawal."

From the full report: "Despite much comment about leaving and threats to leave, no big commercial institution has announced any significant departures. The one definite statement of intent has come from the European Banking Authority which is the regulator for the euro-zone area. It has announced that it will move from its current London headquarters within the next two years."

[Sbrinz]

Much ado about nothing? Methinks David Davis needs to get off his backside and actually produce something...

https://uk.news.yahoo.com/the-man-in...112513130.html

[JoeUK]

http://www.independent.co.uk/life-st...-a7231416.html

Maybe explained by the ramp up in storage capacity, the cost of which is negligible. Maybe explained by Apple's gouging policies. Maybe explained by the Brexit consequences.

[Phos]

Don't you folks realize you'll be chomping at the bit for yet another 5 or 6 months, when they said they would be ready with a plan?

[JoeUK]

Who's 'you folks'?

[Kosti]

	Quote:	JoeUK
	http://www.independent.co.uk/life-st...-a7231416.html Maybe explained by the ramp up in storage capacity, the cost of which is negligible. Maybe explained by Apple's gouging policies. Maybe explained by the Brexit consequences.

Expect this across the board as retailer inventory acquired prior to June 23rd starts getting sold out.

Incidentally July to now was bargain season for foreign goods like Swiss watches as the pound dropped. The resulting shopping spree from abroad has helped delay some of the long term impacts of Brexit.

[fatmanfilms]

	Quote:	Kosti
	Expect this across the board as retailer inventory acquired prior to June 23rd starts getting sold out. Incidentally July to now was bargain season for foreign goods like Swiss watches as the pound dropped. The resulting shopping spree from abroad has helped delay some of the long term impacts of Brexit.

The exchange rate has very little to do with what retailers pay or charge their customers, this is very clear if you ever shop in CH. They also don't pay COD & will pay for deliveries received in June 1 - 3 months later, they will usually have prices agreed in GBP as goods come via a wholesaler.

Oh & in general mark up will often be 150% of cost to the shop.

[JoeUK]

Nothing compared to the UK gov earmarking 4 BILLION for the renovation of the 'palace of Westminster'

[marton]

	Quote:	Phos
	Don't you folks realize you'll be chomping at the bit for yet another 5 or 6 months, when they said they would be ready with a plan?

Who are they? Do you have a source for this time-scale?

[marton]

Thoughtful article in the FT today Source (might be behind a pay wall if so do a Google search for "Tough regulation warning after Brexit vote")

The topic is "The British prime minister must stop saying the resultant deal will benefit everyone — it won’t"; there will be trade offs and there should be public discussion of these - not the secret approach that is current!

As I posted before there is the topic of Standards, quote "Should the government favour a domestic company that would benefit from new British product standards, or help the multinational that would be harmed by duplicate regulations? "

[Phos]

	Quote:	marton
	Who are they? Do you have a source for this time-scale?

They said early 2017 for Article 50 and then negotiations. The thing about negotiations, if you've never been in one, is you don't let everyone know ahead of time what your desired final outcome is. So they are not likely to divulge all kinds of details and discuss them in public.

[marton]

	Quote:	Phos
	They said early 2017 for Article 50 and then negotiations. The thing about negotiations, if you've never been in one, is you don't let everyone know ahead of time what your desired final outcome is. So they are not likely to divulge all kinds of details and discuss them in public.

So they did not give a timescale for when "they would be ready with a plan"; 5 to 6 months is your assumption, not a stated fact.

"they are not likely to divulge all kinds of details and discuss them in public" So you believe David Davis was lying when he said in Parliament that they would proceed on the basis of a "national consensus"?
Or maybe he plans to achieve national consensus by use of an Ouji board instead of public discussion?

[fatmanfilms]

	Quote:	marton
	Or maybe he plans to achieve national consensus by use of an Ouji board instead of public discussion?

Why would they need any public discussion? The people voted & thats where the public discussion ends.

[marton]

	Quote:	fatmanfilms
	Why would they need any public discussion? The people voted & thats where the public discussion ends.

Because David Davis stood up in Parliament and said that they would negotiate on the basis of national consensus.
His daft idea not mine, so I cannot answer your question

[Phos]

	Quote:	marton
	Because David Davis stood up in Parliament and said that they would negotiate on the basis of national consensus. His daft idea not mine, so I cannot answer your question

So the referendum result is the national consensus. He can also go around privately to different interests and form a consensus without involving trolls in the conversation.

[Urs Max]

	Quote:	Phos
	They said early 2017 for Article 50 and then negotiations. The thing about negotiations, if you've never been in one, is you don't let everyone know ahead of time what your desired final outcome is. So they are not likely to divulge all kinds of details and discuss them in public.

Not what I remember. May said she'd invoke article 50 "not this year", "not before 2017", etc.

[amogles]

Bitter Remain losers plan to hijack the Proms with thousands of EU flags

https://www.thesun.co.uk/news/174722...s-of-eu-flags/

you couldn't make it up.

[Sandgrounder]

	Quote:	amogles
	Bitter Remain losers plan to hijack the Proms with thousands of EU flags https://www.thesun.co.uk/news/174722...s-of-eu-flags/ you couldn't make it up.

Yes but (whatever your political feelings might be) the fact they can do this and the Brexiters wave their union jacks without being gunned down and their families being put on a watch-list is part and parcel of the healthy society which has evolved in our part of the world.

Over history it's been the protesters (peaceful or otherwise) which have contributed to major changes and upheavals good and bad.

As soon as you start chipping away at that, it's a worrying step backwards.