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

And now, for some great British humour from the best :

https://youtu.be/Kp4KkfCc4eQ

[Jim2007]

	Quote:	marton
	From your link "a falling pound would offer an accounting boost", of course, Brexit will destroy the £ exchange rate so the British Shares denominated in £ will rise in £ terms but only good for British investors; for others the price of British shares in their home currency will not change.

Yep, and the other little gem in there:

	Quote:
	On the other hand, the fact that UK economic growth would contract by 0.3 percent means that British domestically focused stocks would underperform exporters by around 20 percent.

[Urs Max]

	Quote:	Jim2007
	Yep, and the other little gem in there:

Moreover, that overperformance seems to apply to the service providers only. Once goods are subject to WTO tariffs they'll become some 30% more expensive, that may well make them too expensive to compete.

[fatmanfilms]

	Quote:	Urs Max
	Moreover, that overperformance seems to apply to the service providers only. Once goods are subject to WTO tariffs they'll become some 30% more expensive, that may well make them too expensive to compete.

The £ lost over 20% since the vote & was considerably stronger the year before so they will still be competitive with 30% tariffs. The problem comes selling goods the other way, granted imported price is only a fraction of the price in a shop, more of an issue with cars with slim margins. Of course they can't increase the price by 50% so have to swallow most of the loss or lose market share.

[Reb77Br]

Boris Johnson sets out his 'Super Canada' Brexit plan

You'd never guess he wanted to be PM, would you?

[bowlie]

From the link

	Quote:
	New technology can help make things run more smoothly,

Yes that is correct but the UK’s history of implementing new technology hasn’t been actually stellar.

Don’t get me wrong a technological solution is possible, but anyone that seriously believes it can be implemented in six months is smoking something about to become legal in Canada.

From a strategic perspective the UK should withdraw their Article 50 notification and then sit down and develop a plan that addresses all of the issues that have been raised. Then start again.

He who fights and runs away, may live to fight another day.

I was reading Alice's Adventures in Wonderland to the kids earlier this evening, and this passage from the Mad Hatter's tea party seemed so very, very appropriate:

	Quote:
	'Have some wine,' David Cameron the March Hare said in an encouraging tone. Alice looked all round the table, but there was nothing on it but tea. 'I don't see any wine,' she remarked. 'There isn't any,' said the March Hare. 'Then it wasn't very civil of you to offer it,' said Alice angrily.

And now this baffoon, Boris Johnson, tells Peston on interview that the UK should follow the Swiss model and be sucessful too-

so at this stage, he still does not know that Switzerland pays huge sums to be in single market, has no say, has had to accept freedom of movement and abide by all EU rules on exports. TW*T and very seriously worrying. Even Farage has learnt not to make that mistake again.

Here is the interview - he has NOT got a bl..dy clue

	Quote:
	And now this bafoon, Boris Johnson, tells Peston on interview that the UK should follow the Swiss model and be sucessful too- so at this stage, he still does not know that Switzerland pays huge sums to be in single market, has no say, has had to accept freedom of movement and abide by all EU rules on exports. TW*T and very seriously worrying. Even Farage has learnt not to make that mistake again.

Someone wants to put this under BoJo's nose. Explains things quite nicely, and simply for him...

And this clear assessment on the Irish border from Patrick Kielty- as he has not got a clue on that either ...:

https://www.mirror.co.uk/3am/celebri...hnson-13328777

[lewton]

	Quote:	fatmanfilms
	Whats not to like, low tax & opportunities, before 1979 UK was high tax country, so no attempt to emulate pre 1973.

So the UK could lower taxation while IN the EU???

[fatmanfilms]

	Quote:	lewton
	So the UK could lower taxation while IN the EU???

It has done considerably since joining, Basic rate of tax was 35% in 1975 it's 25% today. The top rate was 83% above £20,000 with an investment income surcharge of 15% so unto 98%.
The UK is a tax haven for Non Doms, Jersey, Guernsey & IOM surrounding tax havens for all residents. No reason not to pursue without being told it's unfair as Ireland was.

[Jim2007]

	Quote:	lewton
	So the UK could lower taxation while IN the EU???

The EU does not at present regulate income taxes. Although that may change in the case of corporate taxes as countries such as Ireland are seen to us it to give competitive advantage to companies resident there.

Please, could any Brexiter here give us a practical solution to the Irish border, that woule not destroy the Good Friday agreement (with all its faults)- and bring back the Troubles? Honest question. Honest answers, I hope.

In the meantime:

https://www.independent.ie/business/...-37366776.html

[bowlie]

	Quote:
	Please, could any Brexiter here give us a practical solution to the Irish border, that woule not destroy the Good Friday agreement (with all its faults)- and bring back the Troubles? Honest question. Honest answers, I hope. In the meantime: https://www.independent.ie/business/...-37366776.html

I'm still confused why a border, soft, semi-hard or hard is bad. I've heard the Good Friday agreement absolutely depends on 'no border', but why. Switzerland has a fairly soft border for people with neighbouring EU and a fairly hard border on goods. Why couldn't this work between the Irelands?

	Quote:	bowlie
	I'm still confused why a border, soft, semi-hard or hard is bad. I've heard the Good Friday agreement absolutely depends on 'no border', but why.

Because part of the agreement text is an assurance that the UK will guarantee that no hard border, including physical infrastructure or related checks, will be implemented.

[bowlie]

	Quote:
	Because part of the agreement text is an assurance that the UK will guarantee that no hard border, including physical infrastructure or related checks, will be implemented.

Well then Brexit is impossible. Let’s call the whole thing off. The non-binding referendum cannot be legally implement so it must be invalid, null and void.

[Jim2007]

	Quote:	bowlie
	I'm still confused why a border, soft, semi-hard or hard is bad. I've heard the Good Friday agreement absolutely depends on 'no border', but why. Switzerland has a fairly soft border for people with neighbouring EU and a fairly hard border on goods. Why couldn't this work between the Irelands?

Because you have absolutely no understanding of the Northern Ireland mentality. People up there live in two parallel universes and the GFA makes it possible for them to do so. The republicans can feel that they have won because they can cross back and forth over a none existent border, while the unionists who dominate the NI government can look to Union and feel they maintain their side, without the obligation to uphold a border. The introduction of checks and controls would bring reality crashing in and that might have serious consequences for everyone.

The other thing to understand is that work of the border committee was never completed. The line was drawn on the map, but the follow up survey to ensure it was actually feasible was never carried out. The result is that there are areas where neither side could tell you for definite where the border is. There are houses where two rooms with no doorway are on once side of the border while the two main doors are on the other side, the are roads where one side on each side of the border, roads that cross back and forth over the border for a few hundred meters and so no.

	Quote:	bowlie
	Well then Brexit is impossible. Let’s call the whole thing off. The non-binding referendum cannot be legally implement so it must be invalid, null and void.

it took you quite a long time hey that was clear right from the start, for sure.

In the meantime:

'Ministers acted disgracefully" in making no proper preparations for Brexit, says Boris Johnson. So was the previous Foreign Secretary just a stunt double of Boris Johnson?

This explains why a border, hard, soft or technological, just can't work:

https://www.facebook.com/Channel4New...0636658453500/

	Quote:
	In the meantime: 'Ministers acted disgracefully" in making no proper preparations for Brexit, says Boris Johnson. So was the previous Foreign Secretary just a stunt double of Boris Johnson?

The man is a comedy genius.