In my view, the losses over the next years will take years to recover.... so ultimately will we be any better off? I doubt it and there is not a shred of evidence to suggest it. I have looked at the measures this morning and were are in pretty much the top 10 depending on how you look at it of global economies Why would any person with any common sense put that at risk?? Given that politicians drove this and pretty much all the main and major trade, business and financial institutions advised against it... the madness must be recognized..
Forty years of increasing prosperity and in that time the highest growth of any major economy - so we decide it is not good enough because the EU are not growing as fast as us - Alice in Wonderland?
Theresa May has started well. She has made ending freedom of movement her priority along with making sure the UK law gains supremacy over the EU's Court of Justice. She said: "The clear message from the EU referendum was that people want us to get back control of our borders"
So what will happen sometime in the future when May comes back from Brussels and says this is the best deal I could get for us to leave the EU? You can be certain that whatever it is it will not be good enough for some. We will not be able to cherry pick the bits that we want without giving something in return. We have become totally integrated with Europe over the past forty years and have had huge benefits from it. To disentangle our law from EU law should not be that difficult because in 90% of them we actually voted for them and would want to continue with them. Many of the things like the Euro and Schengan which the leave brigade went on about have no effect on us as we were not part of them anyway. Already we see that messages are being put out that we would not want to, and in many cases could not, remove EU nationals from the country, so no real change there. The points system that currently doesn't work might be tightened up, but that has nothing to do with the EU anyway. It is quite possible in fact that over the next two years while these talks go on that immigration will rise still further. From my point of view many of those who voted to leave expected there to be sudden and dramatic changes, all part of the instant society we live in. Two years down the line when they find out just what they have already paid for it in their living standards they will be wanting more change. If a week in politics is a long time, think what could happen in two years.
No sensible person would have expected instant change, the leave side just want to stop the present system where we have no control over the numbers relocating to the UK. It is unsustainable, bad for an overcrowded small Island. Other European countries may need migrants due to falling birth rates, we do not. Of course the Euro and Schengen Agreement have had an affect on the UK. The Schengen area allowed uninterrupted travel through Europe for migrants to attack our hauliers in Calais. If the Schengen Area had worked properly it would have processed them at point of entry into Europe. The Euro being such a disaster has ruined many export markets in Europe by saddling certain countries with unaffordable debt and taking away the possibility of re-aligning their currencies. I doubt if the average person in the UK will notice any difference in 2 or 5 years.
I am really looking forward to the Brexit negotiations. Please please oh please let it be Gove (or Leadsom or Boris) who is put in charge of those negotiations so that the deal they get is seen firmly as down to Brexit negotiators not "Remain" backtracking. I want to see this marvellous person who can persuade the EU to forego £350 million per week (apparently) and the right of free movement of people across Europe with the UK but still lets us partake fully of the single market (because appparently BMW want it). They will become a hero of mine and no doubt of the peoples of all Europe because if that deal is on offer everyone will be keen to stop paying anything and have their own border controls. I am not going to hold my breath though.
Well May has already stated that her first priority is to gain access to the single market. Not sure how that circle can be squared, but I look forward to watching. An interesting article here that shows up how some of the Brexiteers could soon be crying foul. http://www.bbc.com/news/uk-politics-36778171
Not a good idea to hold your breath for 2 to 3 years. Whatever deal we have, it will not allow free access as at present. It is possible for us to trade without a deal in place but a mutually beneficial deal would not be impossible to negotiate. Gove would be an excellent negotiator but I expect it will be Grayling in charge, another tough cookie.
So in these 2-3 years (optimistic view on it), what are the students/young people going to do when they finish school/Uni? Damaged economy, limited amount of new jobs, wages being depressed, cost of living increasing, house prices rising... And the Brexiters claim they did it for future generations You've condemned a whole generation to uncertainty, just in the feeble hope that 'things will be better' for people that haven't even been born yet? Fools.
Don't worry - a whole load of Universities have reported that EU institutions they previously coperated with and had co-funding have dropped out so the students will probably probably lose their places.#thanksBrexit
Interesting article on the Guardian this morning https://www.theguardian.com/comment...-brexit-controlling-britains-political-system
Read the last bit ... ironic eh... : Andrea Orcel, president of UBS investment bank, has warned the Swiss bank is considering moving its staff to a European country, followingUK’s vote to leave the EU. UBS, considered to be the world’s largest manager of private wealth, previously warned that London is likely to see an exodus of finance jobs in the wake of the Brexit vote. “We would need to consider moving a number of our employees to aEuropean Unioncountry,” Orcel said on Bloomberg TV. please log in to view this image READ MORE UK banks and businesses count the cost of Brexit “We would still deal with the UK but the part of the business that is EU business, done from London, would need to be done from elsewhere,” he added. Orcel did not specify a number but said it the impact would be “significant enough“ and will require a complete reassessment of the banks’ model going forward. UBS currently employs 5,000 people in London and the location of where staff would be moved remains unclear. “The French government, the German government, a number of governments are making, if I may call it this way, a case for people to move to their jurisdiction. At the end of the day they would like to import wealthy people who spend, who earn, who create jobs for their economies into their own centres,” Orcel said.
No more straight cucumber laws though Oh wait, to sell cucumbers to the EU we still have to follow their trade rules? That's a shame... SOVEREIGNTY!!!!!!!!
Oh dear - do you mean we will have to endure the shackles of EU rules - to sell into the EU - but will we still have any say in shaping those rules - ohdear no we won't - bang goes our sausages and ice cream
Barclays and Credit Suisse have both come out with detailed analysis showing that following the vote, rather than showing small growth in the economy, by the end of this year the country will be in recession. When I gave news reports from this side of the channel about banks moving staff away from London, some seemed to think I had started my glass or two rather early in the day. Just for information space is still being sought in Paris and probably elsewhere. As one investment banker in London who finds money for start up companies said, "We had a gem here and we have smashed it"
I almost moved back and was thinking of a transfer to our London branch (I'm a bookkeeper in a multi-national firm in the finance industry with the HQ in Boston and before anyone else tries to be a smartarse, in Massachusetts, not Lincolnshire). It's starting to look like my decision to stay here was a relatively good one, even though work are saying that they are committed to staying in London. Not sure my ex-wife is too happy that I changed my mind as when I told her I was going to leave the island her response was "I thought that you would've left before now" even though I told her when we split up that I promised our boys that I wouldn't leave before they finished secondary school.
