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Effect of Brexit

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

  1. Tobes

    Tobes Warden
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    Meanwhile the forecasts vs the € show no improvement

    The fact that the US is at risk of major conflict doesn’t constitute a Brexit win
     
    #6221
  2. superhorns

    superhorns Well-Known Member

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    80% of UK business has nothing to do with the EU. The Labour Party came up with similar dire predictions of unemployment when the Tory / Lib Dem coalition got to grips with the wasteful ballooning state. The job losses were made up by several times more created in the private sector, leading to the lowest unemployment rate for 40 years.
     
    #6222
  3. oldfrenchhorn

    oldfrenchhorn Well-Known Member
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    Quite funny to see BoJo, Gove and Rees-Mugg all complaining that some of their very wealthy friends have been sent large tax bills for the money they gave to the leave campaign. Give a gift to a political party and it is exempt, but give it to a campaign group and it is taxable. Arron Banks who gave £8.1m has received a bill from HMRC for £2m. It is not just leave supporters who received a demand, but the trio above are not concerned that others might have to cough up.
     
    #6223
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  4. superhorns

    superhorns Well-Known Member

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    In Trump's recent tax change initiative is a scheme to inflict higher costs on foreign banks trading in the US. This is one area that the 'special relation' with the UK can result in the UK not suffering this disadvantage, May should remember that when she is joining the others in telling him off!!
     
    #6224
  5. Absolutely - she should definitely turn a blind eye to sexism, racism, homophobia and constantly taking the planet to the brink of Armageddon so we can get a good trade deal. What a lovely post to usher in the season of peace and good will <doh>
     
    #6225
    Hornet-Fez likes this.
  6. 80% of UK business may well have nothing to do with the EU - but it must have customers who are likely to suffer adverse impacts from EU exit - therefore they will still see their profits reduce.
     
    #6226
  7. superhorns

    superhorns Well-Known Member

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    He is the elected President of the USA. It is for the people there to judge his behaviour. May should only get involved on strategic foreign affairs. It would be utterly naive to pretend countries do not, or should not, take positions without regard to trading relations.
     
    #6227
  8. superhorns

    superhorns Well-Known Member

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    There is no must, that is your negative prediction. We have seen numerous negative predictions proved wrong so far, I expect yours will as well.
     
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  9. colognehornet

    colognehornet Well-Known Member

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    Unfortunately the President of the USA has an influence on all of us because his role in American politics tends to be more of an external one, and so, yes, we do have a right to judge his behaviour. You have never said that only the Germans should judge Merkel.
     
    #6229
    Hornet-Fez and Deleted....... like this.
  10. Bolton's Boots

    Bolton's Boots Well-Known Member

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    I wonder if any of those Leave voters ever considered the probable impact on Xmas... :)

    Remaindeers.jpg
     
    #6230
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  11. superhorns

    superhorns Well-Known Member

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    I'm sure most non Germans only judge Merkel on her policies that directly or indirectly affect them. I personally have no interest in German domestic policies.
     
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  12. <laugh> you spend enough time belittling the German and French Government's on her.
     
    #6232
  13. oldfrenchhorn

    oldfrenchhorn Well-Known Member
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    There are dozens of agencies that the EU run and that carry out work on everyone's behalf. All of these will have to be replaced at a direct cost to the UK and will result in a huge increase in numbers of civil servants. Share the cost between 28 countries seems to me to make more sense than say we will do it alone and pay the full price.
    My brother in law has a shop that sells goods that are all imported as there is no longer anyone in the UK making them. The costs to him have gone up by 20% and he has little option but to pass on some of the costs. His takings have not gone up by 20%, they have stayed stationary. Nothing to do with the EU, but everything to do with Brexit and the devaluation of the pound.
     
    #6233
  14. oldfrenchhorn

    oldfrenchhorn Well-Known Member
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    A group of Leave-backing Conservative MPs is suggesting that European nationals should be charged £10 for a visa to enter the UK after Brexit. It is claimed such an initiative would raise £150m a year.

    This is what it is really about, trying to make some cash anyway possible to shore up a crumbling economy.
     
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    Last edited: Dec 24, 2017
  15. colognehornet

    colognehornet Well-Known Member

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    #6235
  16. oldfrenchhorn

    oldfrenchhorn Well-Known Member
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    Dream World!
     
    #6236
  17. superhorns

    superhorns Well-Known Member

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    There will undoubtedly be winners and losers caused by Brexit as with every change in circumstances. The better businesses will adapt and thrive. Your brother in law will welcome the Nomura prediction of a major sterling rebound by the end of 2018. Sterling has already recovered much of the initial loss anyway. It would be helpful if we imported less of the Chinese crap anyway.
     
    #6237
  18. oldfrenchhorn

    oldfrenchhorn Well-Known Member
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    Didn't think you liked predictions SH. No, sterling it hasn't recovered against the Euro, and is unlikely to do so while it lags behind the economies that are growing faster than the UK. Stopping your imports of cheap rubbish from the far east? Seeing as a lot of things we used to make are not produced anymore because of cheap labour rates abroad, I suspect you are one of those who wants to see cheap labour available in the UK. Oh hang on, you want to protect English jobs with a good wage so that the government can stop paying what employers are not. All suggests a very confused state of mind.
     
    #6238
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  19. superhorns

    superhorns Well-Known Member

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    Based on your total predictions failure I leave it up to others, in this case the Nomura Group, currency experts. All of the west has benefitted from foreign cheap labour by keeping shop prices down. Unlike many EU countries the UK does not have any trouble creating jobs at all. The main currency conversion affecting business is GBP/USD not the Euro. The EU has so many problems to solve and too many poorly performing members, France will still have low growth, high unemployment and poor business conditions for years to come. Nothing has changed with Macron's half hearted attempt at reform.
     
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  20. oldfrenchhorn

    oldfrenchhorn Well-Known Member
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    Strange that you are keeping your fingers and buttocks crossed or closed that predictions which you decry are going to turn out right for once. Cheap wages for immigrants keeping the nationals from earning enough to stop going to the government for handouts. This doesn't sound like you at all. The growth in all EU countries now is outstripping the UK. Gone from one of the best economies to one of the worst in twelve months. Why would that be?
     
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