Reply to: Another hidden financial loss

[scooterscot]

Just think... in the last two years, we've gone from "an extra £350m a week!" to literally "stockpiling in case of food shortages."

[darmstadt]

UK and Europe have very different legal systems so not sure that this story holds any water.

UK and USA are adversarial systems.
Most of Europe (thanks to Napolean) use inquisitorial systems.
Adversarial systems are better in certain circumstances (particularly if you want to sue someone).

Add to that the fact that UK's legal system has been business friendly for centuries and that isn't going to change with Brexit.

And the distinct lack of useful information in the article....


I'm calling bulltulip.... or bad journalism...


CAVEAT: brexit is still a tulip show that's going to **** the country for decades. Just not like this.

Although the UK is more friendly for libel cases than elsewhere. See my post earlier about using some grey matter to research before spouting bad journalism otherwise that's just a knee jerk reaction to something you don't agree with.

[Lance]

UK and Europe have very different legal systems so not sure that this story holds any water.

UK and USA are adversarial systems.
Most of Europe (thanks to Napolean) use inquisitorial systems.
Adversarial systems are better in certain circumstances (particularly if you want to sue someone).

Add to that the fact that UK's legal system has been business friendly for centuries and that isn't going to change with Brexit.

And the distinct lack of useful information in the article....


I'm calling bulltulip.... or bad journalism...


CAVEAT: brexit is still a tulip show that's going to **** the country for decades. Just not like this.

[NotAllThere]

And other times it is not - like the 364 economists in 1981.

I can confirm that the "expert" CUK moderators talk bollux much more than most.

That's because I, at least, am an expert in testicular communication.

[GreenMirror]

Sometimes its sensible to listen to experts.

And other times it is not - like the 364 economists in 1981.

I can confirm that the "expert" CUK moderators talk bollux much more than most.

[NotAllThere]

Unfortunately they are all just journalists who will spin a story anyway they want to either sell "news" information or satisfy their own political egos. To get a balance to any story one must read the same story from multiple sources only then can one make a reasoned judgement.

Sounds reasonable but is highly susceptible to false balance. Not all sources are equally reliable and authoritative, nor is the evidence for their view point equally strong. If you haven't the intellectual capacity and subtlety to make the correct value judgments, then reading the same story from different perspectives is likely to lead you down the garden path. Sometimes its sensible to listen to experts.

[darmstadt]

Maybe Brexiteers could use some of that grey matter and get out there and research it before jumping to conclusions. There is a report of the survey with all the facts and figures and then quite possibly, and I mean possibly, work it out for themselves

[BlasterBates]

Will the red tape be increased or will it just be a different shade of red. Basic economics of supply and demand will prevail in the end. If Co. A has a product, or service, that Co B wants/needs at a price that they both agreed on then the rest is, and always has been Red Tape to make that purchase/sale happen.
Anybody who suggests that the UK economy will stop spinning whilst the rest of the world continues to spin is living on a different planet. Yes there maybe hiccups generated largely by the rich and powerful on the world markets, remember Black Wednesday and the problems caused by one very rich individual. How does anyone know what will really happen with any certainty. How does anyone know they are not just being manipulated with stories of Armageddon in preparation for a get richer scheme by the rich and powerful after Bexit.

I always enjoy the bravado, truth is the EU squeezing the UK until the pips squeak.

[Yorkie62]

But they have not told the true story in a factual way have they?

Has the report been written in a way to lead a reader to a false conclusion?

Unfortunately they are all just journalists who will spin a story anyway they want to either sell "news" information or satisfy their own political egos. To get a balance to any story one must read the same story from multiple sources only then can one make a reasoned judgement.

[original PM]

"Thomson Reuters is the world’s leading source of news and information for professional markets"

Just experts again, hey?

But they have not told the true story in a factual way have they?

Has the report been written in a way to lead a reader to a false conclusion?

[Yorkie62]

Indeed and for this reason and increased red tape, a lot of European companies will simply ignore the UK, which in itself isn't a problem if you don't want to export.

Will the red tape be increased or will it just be a different shade of red. Basic economics of supply and demand will prevail in the end. If Co. A has a product, or service, that Co B wants/needs at a price that they both agreed on then the rest is, and always has been Red Tape to make that purchase/sale happen.
Anybody who suggests that the UK economy will stop spinning whilst the rest of the world continues to spin is living on a different planet. Yes there maybe hiccups generated largely by the rich and powerful on the world markets, remember Black Wednesday and the problems caused by one very rich individual. How does anyone know what will really happen with any certainty. How does anyone know they are not just being manipulated with stories of Armageddon in preparation for a get richer scheme by the rich and powerful after Bexit.

[BlasterBates]

Doesn't this work both ways. To sue British based company A, Johnny Foreigner Company B will have to take legal action in a UK Court otherwise the UK based Company give the proverbial two fingered salute to the European Courts whom will have no jurisdiction in the UK. What good is a court judgement without teeth to anyone.

PS Would still like an answer to my original question for clarification.

Indeed and for this reason and increased red tape, a lot of European companies will simply ignore the UK, which in itself isn't a problem if you don't want to export.

[NotAllThere]

It's actually all just bollocks and sound bites

but then we kind of knew that.

"Thomson Reuters is the world’s leading source of news and information for professional markets"

Just experts again, hey?

[Zigenare]

Doesn't this work both ways. To sue British based company A, Johnny Foreigner Company B will have to take legal action in a UK Court otherwise the UK based Company give the proverbial two fingered salute to the European Courts whom will have no jurisdiction in the UK. What good is a court judgement without teeth to anyone.

PS Would still like an answer to my original question for clarification.

This...

The popularity of the English courts helped legal services generate £31.5bn for the UK economy in 2016, along with a trade surplus of £4bn.

does not say...

The popularity of the English courts generated £31.5bn for the UK economy in 2016, along with a trade surplus of £4bn.

It could have generated just 57p of the total.

Scaremongering and sloppy journalism.

[Yorkie62]

Currently, a law known as the Recast Brussels I Regulation ensures that rulings in one European country are automatically recognized by the courts of another. Without this provision, a judgment made by a U.K. court, no matter how legally coherent, would be unenforceable in another country.

The law means that plaintiffs can expect legal consistency across the EU; its absence would have massive implications for the U.K. legal sector. London is currently the go-to destination for large international corporations looking to sue rivals in England’s well-respected courts.

Doesn't this work both ways. To sue British based company A, Johnny Foreigner Company B will have to take legal action in a UK Court otherwise the UK based Company give the proverbial two fingered salute to the European Courts whom will have no jurisdiction in the UK. What good is a court judgement without teeth to anyone.

PS Would still like an answer to my original question for clarification.