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

[marton]

Selling your assets is an unusual way of investing. I am sure they invested the sale proceeds in UK

	Quote:	marton
	Well we can either use our brains or unconditionally believe their press releases

Must be blanket fake news coverage in this story

[Jim2007]

	Quote:	Loz1983
	You know Goldman Sachs did the same thing with their current London HQ 10 odd years ago, right? This isn’t something out of the ordinary. The comments on here are just further evidence of the post truth age we live in. A company is widely reported as investing in London post Brexit and even states so themselves is not in fact doing so because people refuse to believe the facts presented to them as it doesn’t fit with their own narrative.

So first it was an investment in post BREXIT Britain, then it was just a common business transition and when the mechanics of it are pointed out to you, which by the way you can fact check in their next annual report, you choose to believe the press release... the accounts are a certified fact, the press release is propaganda. Know the difference....

[fatmanfilms]

	Quote:	Jim2007
	So first it was an investment in post BREXIT Britain, then it was just a common business transition and when the mechanics of it are pointed out to you, which by the way you can fact check in their next annual report, you choose to believe the press release... the accounts are a certified fact, the press release is propaganda. Know the difference....

As an accountant you know that accounts are not a 'certified fact', merely an opinion. 'Know the difference' LOL

[marton]

	Quote:
	Theresa May has ordered officials to start work on a British satellite-navigation system to rival the EU’s Galileo, in a show of strength as Brussels threatens to block the UK from its project.

Source

Dumb idea, I always thought Galileo is a huge waste of money; UK version even greater waste.
The US satellite-navigation system works perfectly well.

What is the idea? We throw away all our smart phones and navigation devices to get new ones compatible with these new satellite-navigation systems? Nuts!

Edit; UK has no systems capable of launching satellites so will we be going cap in hand to Russia?

[rainer_d]

	Quote:	marton
	Source Dumb idea, I always thought Galileo is a huge waste of money; UK version even greater waste. The US satellite-navigation system works perfectly well. What is the idea? We throw away all our smart phones and navigation devices to get new ones compatible with these new satellite-navigation systems? Nuts! Edit; UK has no systems capable of launching satellites so will we be going cap in hand to Russia?

While you're at it, start driving on the other side of the road and have the steering wheels also switched.

Oh wait...Nevermind.

[bowlie]

Recent devices (ie iPhone 6s and more recent) use all three GPS systems. When would anyone need two or more? Well most often in an urban environment where much of the sky is obscured by tall buildings.

[marton]

For all those people who told us if a EU deal failed then UK would trade under WTO rules

	Quote:
	No-deal Brexit: 'Not realistic' for UK to start trading under WTO rules in March, says WTO boss 'The moment that other countries begin to sense an opportunity to increase their market share or increase a quota here or there, they are going to go for that', says Roberto Azevêdo If the UK does shift to WTO rules, Mr Azevêdo said some sectors will face significantly higher tariffs. “It’s not going to be the end of the world, in the sense that trade is going to stop and that everything is going to fall down, no. But it’s not going to be a walk in the park either,” he added.

Source

The UK official technical notice about trading with the EU here paints a rosier picture which may not be true

Actually I found the wording confusing maybe I am having old timer day!

	Quote:
	In the event that the UK and the EU does not have a Free Trade Agreement (FTA) in place in a ‘no deal’ scenario, trade with the EU will be on non-preferential, World Trade Organisation terms. This means that Most Favoured Nation (MFN) tariffs and non-preferential rules of origin would apply to consignments between the UK and EU.

I assume EU application of "Most Favoured Nation (MFN) tariffs" will require an agreement with the EU that is not yet in place?

[Odile]

Do miss a good chinwag in a pub:

https://youtu.be/LH6O32Dqix0

[marton]

	Quote:	bowlie
	Recent devices (ie iPhone 6s and more recent) use all three GPS systems. When would anyone need two or more? Well most often in an urban environment where much of the sky is obscured by tall buildings.

Are the technical standards published for the planned UK GPS system?

[Urs Max]

	Quote:	marton
	Edit; UK has no systems capable of launching satellites so will we be going cap in hand to Russia?

I bet India can't wait to be of service!

	Quote:	marton
	Source Dumb idea, I always thought Galileo is a huge waste of money; UK version even greater waste. The US satellite-navigation system works perfectly well. What is the idea? We throw away all our smart phones and navigation devices to get new ones compatible with these new satellite-navigation systems? Nuts! Edit; UK has no systems capable of launching satellites so will we be going cap in hand to Russia?

The U.K. has already sunk £1.2 billion into the project, this just typifies how petty the EU is. Though in the end it’s no huge loss as it’ll probably end up being shite like many joint European military projects are. A la Eurofighter.

[Urs Max]

	Quote:
	The U.K. has already sunk £1.2 billion into the project, this just typifies how petty the EU is.

It's the UK's decision to walk away, not the EU's.

	Quote:	Urs Max
	It's the UK's decision to walk away, not the EU's.

Check out the non EU countries that are also signed up to the programme.

[bowlie]

	Quote:	marton
	Are the technical standards published for the planned UK GPS system?

That would be the fourth GPS system. After the US, EU and Russia.

[Urs Max]

	Quote:	Loz1983
	Check out the non EU countries that are also signed up to the programme.

The UK is part of Galileo thanks to its EU membership. Like many other organisations, leaving the EU without follow-up agreement means leaving Galileo.

It's the UK's choice to have a hard Brexit. Actions have consequences and this is one of them.

You are of course free to keep blaming the EU, just know that repeating a nonsensical statement doesn't make any more true.

	Quote:	Urs Max
	The UK is part of Galileo thanks to its EU membership. Like many other organisations, leaving the EU without follow-up agreement means leaving Galileo. It's the UK's choice to have a hard Brexit. Actions have consequences and this is one of them. You are of course free to keep blaming the EU, just know that repeating a nonsensical statement doesn't make any more true.

The U.K. government, which is negotiating Brexit, is currently looking for a soft departure. They’ve made clear from the outset that they wanted to remain a member of certain programmes and were willing to keep on paying their fair share to do so. This is sheer bloody mindedness from the EU, which is why the U.K. is demonstrating that it is willing to go it alone. They’ll just have their £1.4 billion back thank you.

[Jim2007]

	Quote:	Loz1983
	The U.K. government, which is negotiating Brexit, is currently looking for a soft departure. They’ve made clear from the outset that they wanted to remain a member of certain programmes and were willing to keep on paying their fair share to do so. This is sheer bloody mindedness from the EU, which is why the U.K. is demonstrating that it is willing to go it alone. They’ll just have their £1.4 billion back thank you.

And right from the start they were told that this is not possible, if they are unable to read A50 that is their problem. Any change in that status would require a treaty change, meaning at the very least a referendum in Ireland and possibly France and Denmark. Not to mention changes to the role of the ECJ in supervising such agreements and so on. That is not going to happen for the sake of a third country no matter how many excuses you bring forward.

	Quote:	Jim2007
	And right from the start they were told that this is not possible, if they are unable to read A50 that is their problem. Any change in that status would require a treaty change, meaning at the very least a referendum in Ireland and possibly France and Denmark. Not to mention changes to the role of the ECJ in supervising such agreements and so on. That is not going to happen for the sake of a third country no matter how many excuses you bring forward.

Have you even read A50? There would be no treaty change in order for the UK to remain part of the programme. This just typifies the sheer inflexibility and dogmatic approach of the EU. If they don't want the UK to remain a member of the programme then they should repay the UK's investment into it. Let the treaties plug that 15% hole.

I've always found it at curious term this "People's Vote" that Remainers are campaigning for. As if the first vote wasn't voted for by the people

People's Vote campaign puts pressure on Labour leadership