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Effect of Brexit

Discussion in 'Watford' started by Davylad, Mar 26, 2016.

  1. colognehornet

    colognehornet Well-Known Member

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    Not ALL of the EU. nations W_Y. Germany delayed for far longer than Britain did, I should know that because I live here and am active in politics here. You say I know nothing about America - New York alone has 100,000 homeless people....I repeat, the EU. has divided its wealth much more successfully than the USA. has.
     
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    Last edited: Jun 17, 2016
  2. oldfrenchhorn

    oldfrenchhorn Well-Known Member
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    As I said, the article was about financial institutions moving to France, Germany and Ireland, not just France. There are very good technical reasons why they would no longer be able to operate outside of the EU, so the easiest solution is to move into offices that are still within. For people to think that nothing would change is just plain wrong, and with so much of the country's income being derived from the financial sector, it seems madness to gloss over the true facts.
     
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  3. colognehornet

    colognehornet Well-Known Member

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    This is the point Frenchie. It doesn't really matter where they go, they would be staying within the World's biggest trading block. Anything must be better than investing in a country which has cast itself adrift, would be in political chaos, and could be governed by the likes of Gove, Bojo, Farage etc. using imaginary money.
     
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  4. superhorns

    superhorns Well-Known Member

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    Nigel Farage is not in the Conservative Party so will not be part of the brave new government after Brexit. Business friendly UK will continue to attract entrepreneurs and investment due to our accepted flexible working conditions and sensible tax policies.
    It is the EU that is in chaos, self interest and misery for millions. The people that actually live in the UK will hopefully ditch this undemocratic crooked organisation for good next week.
     
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    wear_yellow likes this.
  5. oldfrenchhorn

    oldfrenchhorn Well-Known Member
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    You are right that Farage is not in the Conservative Party. Five times he has stood for Parliament and has lost every time. I would say that shows he is un-electable, yet despite Boris trying very hard to distance himself from him, he is talking about being in government alongside Boris. You are wrong though if you think that you are electing a new government, because you are not. You are deluding yourself if you think that a country that will almost certainly head towards a bleaker economic future will be as attractive to foreign investors as it is now. No country in the world has expressed the opinion that the UK would be better to trade with outside the market, so why you believe it shows how Project Fantasy is such a danger to the well being of the UK population.
     
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  6. wear_yellow

    wear_yellow Well-Known Member

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    Tell that to the people in Greece. If it has divided it's wealth so well why the mass migration? - oh, I see, that is wealth division in the EU. If you desire to have more wealth, simply move and we will be given it? Apart from the obvious, the only people who are getting ricer in the EU are the elected and unelected politicians - people like the Kinnocks are doing very nicely.
    How many homeless in London or Paris?
     
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  7. wear_yellow

    wear_yellow Well-Known Member

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    Talking about facts - What very good technical reasons?
     
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  8. wear_yellow

    wear_yellow Well-Known Member

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    Oh the hypocrisy. You always rant on about not personalising politics i.e. Comrade Corbyn, yet when it suits you, you do so. Just remember who will still be in charge next week whatever the result - Cameron & Osborne and this time last year you could not have found a good word for them in the Oxford Dictionary.
    Scare stories and getting scared....
     
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  9. superhorns

    superhorns Well-Known Member

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    If Brexit happened we would still have a Conservative government but Cameron and probably Osborne would go. There is bound to be short term uncertainty but the basics will still apply, the UK will remain receptive to investment opportunities and France wii remain the pariah.

    Farage headed the leading party in the last European election, an amazing feat for a new party. He remains one of the most influential politicians in the UK, maybe until next Friday when Brexit hopefully will be announced.

    Let the people decide and show the EU what democracy really means, they don't seem to have any idea of the meaning of the word.
     
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  10. oldfrenchhorn

    oldfrenchhorn Well-Known Member
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    Passporting
    At the moment a range of authorised businesses, such as banks, insurance companies and asset managers, are able to operate across the EU as long as they have a base in the UK. This is called "passporting".

    Passporting means that a British bank can provide services across the EU from its UK home. Importantly, it also means that a Swiss or an American bank can do the same from a branch or subsidiary established in the UK. Goldman Sachs and JPMorgan have both given evidence to the Parliamentary Commission on Banking Standards flagging up the importance of the UK's EU membership in providing a base from which non-EU businesses can passport across the EU.

    Passporting into the EU from the UK would not be possible following a Brexit. According to CityUK, 37% of financial services companies say they are very likely to
    relocate staff if the UK left the EU. This would have a huge impact on London.
     
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  11. oldfrenchhorn

    oldfrenchhorn Well-Known Member
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    Maybe the man you clearly think so much of will be on charge by then following the complaints to the police about his racist propaganda.
     
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  12. superhorns

    superhorns Well-Known Member

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    Recent report by Capital Economics: Summary.

    " Overall, financial services have more to lose immediately after a EU exit than most other sectors of the economy. Even in the best case scenario, in which passporting rights were preserved, the UK would still lose influence over the single market's rules. The city would probably be hurt in the short term, but it would not spell disaster. The city's competitive advantage is founded on more than just unfitted access to the single market. A EU exit would enable the UK to broker trade deals with emerging markets that could pay dividends for the financial services sector in the long run"


    Next scare story please :emoticon-0116-evilg
     
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  13. oldfrenchhorn

    oldfrenchhorn Well-Known Member
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    So what is the worst case scenario? What if passporting rights are not preserved? What is the short term, how many years? What is the long term, how many years?
    This is all finger in the wind economics which can easily be avoided.
     
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  14. superhorns

    superhorns Well-Known Member

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    I have never voted for UKIP but the UK obviously preferred his message to that of any other during the European election so obviously he is very popular around the country.

    You seem to be always calling people racists, maybe you should be aiming your angst against the real instigator, the EU.
     
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  15. superhorns

    superhorns Well-Known Member

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    There are dangers in remaining in the EU. The eurocrats will undoubtably attack the city of London's influence and will ensure the single currency countries have financial advantages over non Euro countries.

    To obtain sovereignty, control of borders etc is worth the small financial risk on balance.
     
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  16. oldfrenchhorn

    oldfrenchhorn Well-Known Member
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    Why do you think that every political leader on both sides of the debate have denounced his actions.?
     
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  17. superhorns

    superhorns Well-Known Member

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    What is more important is that many millions of voters next week will not have a problem with his poster. He probably remains the most popular politician in the UK along with Boris.
     
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  18. superhorns

    superhorns Well-Known Member

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    I see the remain side have already tried to take political advantage out of Jo Cox's murder. Labour MP, Neil Coyle has suggested 'dangerous material' risks inspiring the hard-right.

    Remain must be getting desperate to sink this low.
     
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  19. colognehornet

    colognehornet Well-Known Member

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    It is not mass migration W_Y. The percentage of EU. citizens not living in the country in which they were born is between 2 and 3%. Geographical mobility within the USA is much higher. It was also much higher in the 80s in Britain where towns in the north were emptying themselves and moving south. In Britain there are about 600,000 Poles - so what ! If Britain is not able to absorb such a small number without a threat to social cohesion then something is going badly wrong. I agree that within a given unit (EU) or whatever, massive movement from one part to another is a demographic problem for both the giving and the receiving area (the USSR issued internal passports for this reason) - we have not yet reached this point, and the solution to this is to remain at the table and work with our partners. Surely the only way to actually stem movement from East to West in the longer term is to raise living standards in those 'sending' areas, maybe through some kind of solidarity tax - as was used in Germany for the ex GDR.
     
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  20. superhorns

    superhorns Well-Known Member

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    The only way to do this is by the Euro area fully integrating into a single political and fiscal union. Firstly let us leave the EU and secondly nobody except the likely recipients want this. You only have to take notice of the growing opposition in Germany in baling out the Greeks.
     
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