[Merged]Brexit stuff

[_V_]

You will go blind or be crippled...

Tis true I once splashed it in my eye, couldn't see properly for hours.

[GB9]

The UK's likely future now:-


- A full blown Sterling Crisis as early as later this month or November.

- Interest rates will have to go up dramatically to shore up the Pound.

- This will tank the economy and cause a long overdue house price collapse of up to 50%, possibly more outside London, over a period of 2-3 years.

- An embattled Tory Government will dig in it's heals in Europe, claiming its a new "Battle of Britain" or some hogwash and the result will be trade tariffs on UK good and services adding to the misery.

- During this period many multinationals will leave quietly and the UK will struggle to attract investment and face a balance of payments crisis.

- It's likely that following this there will be unprecedentedly deep cuts to public services and/or a sovereign default.

- At some point a bankrupt UK government will have to introduce exchange controls on the currency.

So when the Chinese ambassador said China was keener to do a trade deal with Britain and invest far more, then he was obviously talking tulipe?

Read this from a real currency expert or two. See what is really likely to happen.

I would get out of Germany while you can still afford to.

[greenlake]

Not so, I have one every morning, and have never felt better.

Do you always have a happy ending....?

[vetran]

Just as NLYUK says I'm fed up of the taste

[administrator]

You mean you are going to end up in prison?

Hopefully there will be a new administrator who can cope with unbranded home or British made products like rhubarb jam and marmalade.

I can cope with British made products. I made two batches of bramble jelly last month, should be enough to last Mrs Admin and the scrotes through until Spring. But that isn't Marmite. I could try and nab a few of the livestock from the fields out the back and render them down in a bathtub in the garden but wouldn't be hopeful of a good result. My pickled shallots were a winner this year too. Going to grow twice as many next year just in case there is short supply due to Brexit...

[BlasterBates]

So when the Chinese ambassador said China was keener to do a trade deal with Britain and invest far more, then he was obviously talking tulipe?

Read this from a real currency expert or two. See what is really likely to happen.

I would get out of Germany while you can still afford to.

Certainly that article is interesting, especially this comment:

David Meier from the Swiss bank Julius Baer said the conference rhetoric should be taken with a pinch of salt. “We have our doubts that UK officials really believe in what they are signalling.

A hard Brexit with loss of single market access would severely damage the economy and cause many firms to relocate into the EU market. We think Mrs May is simply rattling her sabre,” he said

It's pretty clear the government will cave in on the freedom of movement to cut a deal.

[_V_]

There is an alternative, a soft Mexit (Marmite exit) if you like.

[jamesbrown]

It's pretty clear the government will cave in on the freedom of movement to cut a deal.

The exact opposite of that. I'm sensing a pattern

Constructive ambiguity has been largely absent from HMG's position on net migration, in contrast to budget contributions, for example. May has been remarkably forthright, both on the order of priorities (net migration first, trade second) and on the degree of control that will be necessary (complete control, not fettered free movement). She didn't need to be that forthright, and she's now created a very difficult situation if she wants to reverse. By difficult, I mean insurmountable without a GE, which could happen, of course. However, I think it's telling that, other than her role at the BoE, she's well known for having few opinions on economic policy. She's a classic home secretary. The same is true of her two advisers, Nick Timothy and Fiona Hill. Mark my words, she'll be putting immigration first (esp. after the coalition gov't), because that's what she knows and understands.

[darmstadt]

That's precisely why we voted to leave.

Bye bye, single market. Have fun. Don't play with matches (we know you will).

Actually it seems that is precisely why you didn't vote to leave, everything points to immigration...

[BrilloPad]

You will go blind or be crippled...

Its worth it.