Off Topic European Debate Thread

BRITAIN WILL BE HEADING FOR FINANCIAL DISASTER IF WE VOTE REMAIN, WARNS INVESTOR
EUROPEAN UNION
One of Britain’s biggest investors has warned that the UK will be heading for a financial disaster in the next three years if voters back Remain in the EU referendum.

Jim Mellon, who was one of a small number of people to spot the banking crisis of 2007, has urged voters to back Leave and warned that the taxpayer will pick up a huge bill if it stays in the EU.

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The world renowned British investor, who is often compared to the billionaire and philanthropist Warren Buffett, has produced a video to make the economic case for Brexit which he believes has been lacking in the debate so far.

Speaking exclusively to the Daily Express, he said: “Remain has declared victory in the economic side of this debate but they are completely deluded.

“I felt that the other points and the consequences of Remaining in the EU needed to be put across.”

He went on: “There is no status quo argument in this referendum. There will be big changes one way or the other and my point is that Britain will be a much better place to invest in if we leave than if we Remain.”

He warned that within three years the French and Italian economies will collapse causing a massive crisis in the eurozone and leaving a vast black hole in EU accounts.

He said that the economic crisis in France is the “great untold story” of the referendum, warning that the sixth biggest economy in the world “is just unable to restructure” to save itself from disaster.

He noted that the 5 billion euro bailout for Italy b”barely touches” the 300 billion euro debt its banks can’t service.

He said: “What people don’t realise is that member states of the EU are liable for the their own debts and the debts of other members when things go wrong.

“That means when the French and Italian economies collapse and they are no longer able to pay their contributions to the EU those who are still able will have to pay.

 

And the leave side claims that the remain is scaremongering......

We won't have a recession if we stay that would be avoidable by leaving. If a global recession occurs we'll be affected whether we're in the Eu or not. We are not part of the Euro and so European countries going bankrupt with the Euro won't affect us as much as if we had the Euro.

 

YOU OBVIOUSLY DID NOT READ THIS AT THE BOTTOM,THAT MY FRIEND IS PRETTY BLOODY SCARY-

He said: “What people don’t realise is that member states of the EU are liable for the their own debts and the debts of other members when things go wrong.

“That means when the French and Italian economies collapse and they are no longer able to pay their contributions to the EU those who are still able will have to pay.

 

It's scary that we have to pay the same amount of money to the EU even if other countries are bankrupt and so can't?

Is it really?

 

39 pages in I would like to thank MTG for helping me to decide which way to vote. Not one of your debates have made any sense, not once have you answered any questions, when all others (barring one idiot but I've never thought anything else of him). So on behalf of this voter I would like to thank you

I'm out

 

MTG ... it is so plain and simply put .. we pay in to make up the difference of those that can not .....
SHOULD and it is likely we need to put in Euro2billion to make up the Italian share, an exchange rate is EURO = around 78p = £1.5b, but it is a crisis so we get back to where it was a few years ago to around 94p = £1.9b if both capitulate EURO COULD BE A NEGATIVE FIGURE SO WE PAY EVEN MORE, (OF COURSE IN THE LIKELY HOOD OF THE RATE IMPROVING WE WOULD PAY LESS)
I had my own mind made up months ago and to be honest DC has gone down in my eyes in putting forward responses he is absolutely frightened to be truthful about, he would if he did be a leading force in the out campaign! Your lack of concrete response to a Q only cements my ideal that my decisision is correct

O U T

 

Dyson is voting out, but good read this one

http://www.express.co.uk/news/uk/67...eferendum-brexit-david-cameron-george-osborne

 

EU referendum: Sir James Dyson says Britain better off out

• 8 hours ago
  
• From the section EU Referendum

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Britain would gain more from leaving the EU than it would lose, billionaire entrepreneur Sir James Dyson has said.

The inventor said the idea that Britain could not trade successfully outside the EU was "absolute cobblers".

He said the single market did not work because exporters had to adapt products like his to cater for different languages and different types of plugs.

Britain Stronger in Europe said: "James Dyson wanted the UK to join the euro. He was wrong then and he is wrong now."

Court battle
Speaking to the Daily Telegraph, Sir James, who is best known for designing a bagless vacuum cleaner, said the UK "will create more wealth and more jobs by being outside the EU than we will within it".

"When the Remain campaign tells us no-one will trade with us if we leave the EU, sorry, it's absolute cobblers. Our trade imbalance with Europe is running at £9bn a month and rising. If this trend continues, that is £100bn a year."

• Nobel scientists warn against Brexit

Sir James argued that if, after a vote to leave, the EU imposed a 10% tariff on UK goods, Britain would do the same on imported EU goods. He said that because Britain imported far more from the EU than it exported there, it would bring in an extra £10bn a year for the UK.

The entrepreneur, who is worth over £3bn, also criticised the EU's free movement for not allowing the talented staff he needed to work in the UK.

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Image copyrightGETTY IMAGES
Image captionSir James has been involved in several battles with the European Court against the EU's energy labelling policy
"We're not allowed to employ them, unless they're from the EU," he said. "At the moment, if we want to hire a foreign engineer, it takes four-and-a-half months to go through the Home Office procedure. It's crazy.

"Why on earth would you chuck out researchers with that valuable technology which they then take back to China or Singapore and use it against us?"

Sir James has also been involved in several battles with the European Court against the EU's labelling policy for vacuum cleaners.

"It's a politically-motivated court of justice," he said. "Politically motivated to protect vested interests."

But Britain Stronger in Europe accused Sir James of "wanting to have his cake and eat it when it comes to the EU".

It highlighted that in 2000 Sir James had said Britain would be "suicidal" not to join the single currency and that in 2014 he had called for the free movement of people within the EU to be retained.

Sir James's announcement comes as a new poll suggests the Brexit camp has a 10-point lead. The latest online survey of 2,000 people on Wednesday and Thursday by ORB for the Independent put the scores at 55% to 45% in favour of pulling out, after allowing for an individual's likelihood to vote.

 

A true British company JCB and the owner wants out.

A really good read this letter sent to his workforce at JCB.

 

I guess he will have less restrictions outside the EU such as having to have proper workers rights and stuff.

This attitude of were bigger than them with the EU and that they'll have to trade with us is a bit niave and it's wrong to jeopardise our prosperity by voting out.

 

DC is at it again ...I must confess " my love" for him as a politician is waning extremely fast if there was 1 single factor that made me have to decide at the 11th hour59 mins 59 secs on how to vote it would be on most of what he has said ....O U T

We have them on here and other forums no doubt make a statement designed to shock or impress but not really thought through, his latest garbage ..... pension potS .... stating we do not/will not have a lot in the pot if we leave because todays population looks after the past population when they reach 67 or whatever, that only by staying in Europe can market can we achieve what we need because we will not have a trade balance with EUROPE ..note we import from EUROPE DOUBLE? WHAT WE EXPORT, so will they want to lose our trade .I doubt it ...
THINK ABOUT WHY THERE MAY NOT BE A POT DAVID ...... immigration where we are attractive to almost all EEC countries, AND OUTSIDERS , HAVING THE MOST PRODUCTIVE ECONOMY... does that money that you and I earn stay here... YES
BY THE IMMIGRANT WORKFORCE ..mostly not, tax does, NI does but profit goes HOME ... They build up a pension pot, reach the age draw it all and go home so it doesn't get spent here!
As for non EEC they come here with large families, adults either near middle to end of working life or to old to work with children that get benefits via child allowance they are the ones that will screw and destroy naturalised present day Brits under 40 pensions in the future. we pay in for 40 years they pay in 20 years fair ... YOU DECIDE vote out
hoicking the pension age last year by 7 years for a FEW MILLION WOMEN, and to a lesser degree covered up the last black hole, caused by a population explosion over a short period ..so anyone age under 40 now expect to retire at 75 . unless all the money gets spent on social care looking after families that don't work or cant work, then it will be 80

 

Back up your statement with facts please, you've been asked this constantly since the thread started.

 

I think you're wrong to jeopardise our prosperity by voting IN.. I also think you are jeopardising democracy by voting IN and I also think you are jeopardising my childrens future by voting IN..

 

Well if the head of the bank of England, most business people, politicians, political parties, multiple economists, the treasury and pretty much every scientist, engineer and university isn't enough then I'm not sure

 

Apparently despite being stable now and a remain vote hardly affecting anything an apocalypse will happen if we vote remain

 

Its happening all around you.. You're just too brainwashed to see it.

 

You have a strange understanding of the word fact? Again your list is just a number of peoples opinions and factually incorrect as well. Most business people for example?? Give me the statistical facts where you get this from rather than just something you have made up in your head?

 

Liars

 

Could you articulate what proper workers rights and stuff are?

Unions in the UK have lost rights, that other Unions have in other EU Countries, while the UK has been in the EU.

This attitude of were bigger than them with the EU and that they'll have to trade with us .... And again. Why will the EU stop trading with one of its biggest markets?

And again are the French and Germans going to stop selling cars to the UK? Will the Spanish stop banking with the UK?