Off Topic EU deabte. Which way are you voting ?

Firstly I'd ask what contingency measures he put in place when he heard there was going to be a referendum incase we voted Leave as inevitably with a leave vote there was going to be a drop in the value of the pound. And how long those measures would offset the change in currency exchange rates. Then I'd reassure him that as negotiations begin and it starts to become more clear that we will continue to have access to the common market the pound will begin to recover and his margins will grow again. I'd also point out that it is likely that barriers to entry to other markets around the world will be lowered by an exit and as such he will be able to look at more potential suppliers for his imports and in turn may be able to achieve lower costs.

 

Potatoes ain't an English food...brought here by Sir Francis Drake in the reign of Elizabeth I...you is eating foreign muck bruv

 

When the USA, China, Japan and other Asian markets are negotiating trade deals, they are negotiating with big trading blocs. The EU is one of their biggest trade partners. As part of the EU we were at the front of the queue to trade with these other big international trading blocs. Now that we have jumped ship, we have just volunteered ourselves to take a back seat when it comes to negotiating deals, as the trade-blocs have made it clear that they prefer to deal with organisations like the EU. As the US said and reiterated, 'The UK will be at the back of the queue'

As for 'Knee-jerk reactions' that is called the market hedging its bets and moving to minimise the impact. Regardless of whether the worst case scenarios come to fruition, the Banks are acting now and that could cost the City thousands of jobs and potentially billions of pounds.

 

It's because they were off balance sheet! But yes, it was a shambles.

Fear and greed, as I said earlier. But, you cannot fight the markets. Many have tried, all have failed.

Tomorrow we will see the start of where this is going. But, the next few weeks and months are going to be highly volatile.

Great for traders. Not so great for the people...

 

You have more of a plan that the MP's you backed who campaigned for Brexit then

http://www.huffingtonpost.co.uk/entry/faisal-islam-brexit-no-plan_uk_576fe22ee4b0d2571149cffd

 

If they call an early GE I might have to go and stand for election then...!

 

I not sure why you directed this to me as 1- I did vote to remain and 2- I don't think I've ever said that we will suffer for a couple of years then be OK, however I will try to answer your question.
All through my working life, we have been members of Europe in some shape. I'm not sure this club has protected British jobs, either related too or directly in Europe.
In the early 80's our manufacturing base was decimated, large communities in the North had several members of the same families thrown on the scrap heap, all at the same time. It caused such massive divisions, if a family member retained a job, that some families never got over it. I was fortunate to secure an apprenticeship, but then systematically saw manufacturing facilities close almost weekly. In fact the industry that I work in was decimated by our European partners protecting there own interests with government subsidies.
Tell the miners in Wales, that the EU was doing a great job, in letting cheap (subsidised) coal be imported!
Tell the steel workers in Wales, that the EU is doing all it can to protect there livelihoods.
Through the 90's and 00's, we all witnessed the surviving industries, being "relocated" to other parts of the EU with huge grants. Remind me, how did Europe look after our interests?
Whilst I don't blame the EU for all of the loss of jobs, (we live in a capitalist society), I still think we are short changed by the other member states,
As said in one of my first posts on the subject, I'm am a euroscetic and cannot wait for the day the whole "project" implodes.
Please explain to me why I should contributing to road and other infrastructure projects in Portugal, unused airports in Spain, a massive house building boom in Ireland, subsidising the Greek economy, which was bust when it was allowed to join the EU, allowing hairdressers in Greece to retire at 50 on a full state pension, subsidising the Greek railway which had more employees than passengers ( and the list goes on and on), whilst in this country we are slashing public services, we have a health service which is at breaking point, we haven't enough social housing or housing in general to support the predicted growth.
My belief is that the EU is a bloated, self serving, un-democratic club, which by design needs to be as large as it can, with as many member states as possible, so that the member states spend all there time bikering and ultimately not agreeing, over issues that aren't really important (like the diameter of strawberries FFS), whilst issues that could really benefit all the member states, sit gathering dust on shelves. This ultimately benefits France and Germany, who want all of the advantages whilst maintaining there grip on Europe.
Does it not concern you that with all of our supposed strength of the EU, we still have never out muscled the US, Japan, South Korea and now China, in terms of trade?

 

I won't be voting for you btw

Seriously though, they have NO PLAN ?! Does that not alarm you ? They have just led the country into leaving the EU and they have NO PLAN as to how they are going to negotiate the minefield of trade, law and constitutional challenges ahead !

****ing madness

 

It's a ****ing shame.

But no surprise.

What a shambles.

 

The only supplier for his product is the supplier he uses. So you'd basically tell him that his business model is ****.

 

Nope, you still don't understand it.
There is only ONE front of a queue. You are either at the front or you are not.
When it comes to the world, the EU is not front of the queue.


" Now that we have jumped ship, we have just volunteered ourselves to take a back seat when it comes to negotiating deals, as the trade-blocs have made it clear that they prefer to deal with organisations like the EU. As the US said and reiterated, 'The UK will be at the back of the queue'"

And the problem of bloc negotiation is "design by committee"
The UK is now taking a front seat at negotiating deals, because it negotiates for itself alone.


"As for 'Knee-jerk reactions' that is called the market hedging its bets."

Casino decision-making.


"Regardless of whether the worst case scenarios come to fruition, the Banks are acting now and that could cost the City thousands of jobs and potentially billions of pounds."

1. could. <Sparta>

2. If such costs occur, and events come to pass that show the actions were unnecessary, I assume I will find you in the
back of the queue (it will have to be the back - I and my industry peers will all be close to the front - again) of those who
are going to give them a good kicking (again in my case) .

 

Sorry, there was more but my iPad decided to give up. I
so to continue....
You voted in, I voted in. The only difference is that I want to eventually be out, hopefully when people realise that the experiment has failed. If this leads to a more simplified Europe where we can all trade as equals, then great.
I would hate to see anyone lose a job, either directly or indirectly as a result of the vote Thursday. However, unless you have been living in a different world to me, you must have seen that we, the UK, are not in the best of health. Public services are being slashed, resulting in job losses, financial institutions are shedding jobs, manufacturing is still weak, which is likely to result in job losses and again the list goes on.
Again remind me of the wonderful benefits of the EU?

 

It's gone over your head. The EU is one of the biggest trading blocs. The UK has just volunteered itself to be behind the EU when it comes to forging deals. The UK is not 'in the front seat' because her market alone is worth significantly less than it was as part of the EU. The deals we will have to accept with the US and Asian markets will be heavily weighted in their favour, because we no longer have the clout that we did as part of a large trading bloc

 

His business is just selling one product from one supplier? Does he have exclusive rights to its sale within the UK? If so for how many years does the contract last and what level of sales do they achieve through him? Depending on that stuff he could still have a good position to avoid a renegotiation on price. Plus I would still reassure him that the pound will recover as the direction of negotiations with the EU becomes more clear and that after 15 years he should have a good enough relationship with his supplier to negotiate a short term price freeze (within reason) whilst waiting for the recovery of the pound.

And I'd also maybe suggest he diversifies his product range and supplier list as a contingency against individual events or situations effecting his main product price too much!

 

Time merely to call a spade a spade.

Or more specifically, a bunch of self-aggrandising morons whose belief of their own
intellectual superiority is based on centuries old institutional notions that have been
long surpassed in intelligence and importance by other industries.

 

I asked you and AFC the question because I know you're a Eurosceptic but someone who might actually give a reasonable response. I'm sorry to say you've missed the point. The arguments you've made, applied before the vote and the result. We are where we are, and people are now genuinely concerned for their livelihoods. Where your series of events differ from the situation now, is that it is the public who have directly decided the fate of these people who are now looking to lose their jobs, not our government or capitalism. But even that isn't important, it's NOT what I'm getting at. You were talking about irony yesterday. Do you not see the irony in the Brexit voters who criticised the establishment for not giving a **** about the jobs being lost thanks to the EU, are now themselves not giving two ****s about the decent people who are about to lose their jobs?? There is a concerted message that keeps being wheeled out that we'll have 2 years of struggle and strife but don't worry it will be ok in the long run. Well that's all fine and well if you don't see that struggle and strife in your home, but there are people who are facing that right now. So how are those who come out with this condascending rhetoric any better than the governments who ****ed the people in your post? None as far as I'm concerned, no difference at all. This whole debate for some, boils down to something which is less about the welfare of the British people and more about dislike of a foreign entity. Maybe part of this is my anger talking but there's a real hypocrisy from some of the ****s who either campaigned or voted out.

EDIT: And many of these same ****s have the gall to actually call for unity now as well. Where's your ****ing unity for those about to lose their jobs?

 

As a trade body, I don't agree that it's failed. It's done a lot of good for most participants.

To answer one of your earlier questions, the idea of the richer countries supporting the less well off was to help expand the economies of those countries. This would obviously open up greater trade opportunities for all in the future. This was always a long term project.

Where I think it may have started to go wrong was the push for a federal Europe. In my view that idea has very limited support, if it ever had much away from the political classes - And I'm talking about mainstream Europe. It's also something I would not support, either.

As far as the UK goes, I saw, and still don't see any compelling reason to vote to leave at this time. We have traded stability and current prosperity for uncertainty.

 

2 years is a stab in the dark. Some commentators have said it could take 10 years or more to negotiate the Trade, Law and Constitutional issues in a post Brexit landscape.

And that's assuming that the Brexit campaign actually had a plan ....

http://www.huffingtonpost.co.uk/entry/faisal-islam-brexit-no-plan_uk_576fe22ee4b0d2571149cffd

 

Call it what you want! Fight them and you'll lose! Maggie realised it many years ago, and about that, she was right!...

You have to deal in realities. Not Soundbites!...

 

The Wealdstone Raider needs to reinvent that song of his

'You've got no plans'