Reply to: Carney denies BoE is ‘politically involved’ in Brexit debate

[NotAllThere]

Rising interest rates will avoid a deflation scenario?

I don't know. But I call bulltulip that increased autonomy and potential reduced red tape has no financial up side. It makes bremain look like dickwipes that they cannot recognise the upside.

So though you don't know what the up sides might be financially, you berate bremain because they can't think of any either?

[Old Greg]

The BOE completely neglects any discussion on the 'up side' of brexit.

Well Carney haa been revealed as a charlatan. Everything is going swimmingly.

[bobspud]

Do you have actual proof of that?

Two thirds of Britain's laws 'made or influenced by EU' - Telegraph

https://en.wikipedia.org/wiki/Suprem...pean_Union_law)

theres a few to start...

[AtW]

Its's actually the other way around. Most of the laws we pass now are actually bringing us into line with what has already been agreed between nations at EU level and by the time we debate it, its a moot point.

Do you have actual proof of that?

[original PM]

forgive me for being a cynic but these large financial institutions who are telling us it will be terrible for the pound if we leave.

and then quote look at the way the current polls are affecting the value of the sterling...

except those large financial institutions have enough resources to affect the value of sterling by bulling and bearing the market as needed to get the rise/fall they want.

So you cannot trust a word they say.

[bobspud]

Bank of England is already independent of even UK Govt, nevermind EU.

Red tape? Comes from UK govt mostly.

Its's actually the other way around. Most of the laws we pass now are actually bringing us into line with what has already been agreed between nations at EU level and by the time we debate it, its a moot point.

For the record I don't think we should have different laws. I think we should rapidly move to a single global unity that standardises the things that need to be in place for business and protects the weak.

[PurpleGorilla]

Lets make a more fundamental point.

We as individual humans go through life in a mixture of need or plenty. Some of us start in need and end in plenty some of us go the other way down, but most of us cycle between more then less resources in our lives. When we find that things feel tight we ask: "What needs cutting? What has outlived the benefits?" and we cut down our weight, spending, footprint to suit the mood or even line up for the next big thing... But governments don't do that. They think that more tomorrow is a given. That if they can just get rid of enough money this year the same will be granted next year + some more. We are in a finite world with finite resources so that model has to stop one day. But there is no way to say cut the budget. Lets not forget that this is a spending list that has NEVER been successfully audited and signed off. Can you imagine anyone here going on an unchecked spree of 40 years and never signing off accounts or even proving that they have spent the money where they think they have...

In or out of the EU is not the problem. It's do we have a government framework that can shed its un-neccesary crap without hysteria and line up to be lean and ready for the next challenge...

We need departments that can learn that spending isn't a must, it's an option.

But the EU gets it's cash regardless. Its like the gangster in Goodfellows: "**** you Pay me!" Global downturn? Really? **** YOU PAY ME! Unless we want to see a future of poverty and degradation, we need to reign in the excesses. You don't do that by abstracting leadership or getting bigger you do it by focusing on the small stuff and improving efficiency. The EU can't do either of those things and for that reason it needs to die so that something else can take over.

Well said.

28 different self interested parties results in **** all successes.

Euro zone crisis - fail

Migrant crisis - fail

Debt and slow growth - fail

Democracy - fail

[bobspud]

I'd like to hear his opinions of the £23m/day net (after rebates and EU payments back to the UK) we 'give' to the EU:

a) Is this figure BS ?
b) How would the UK economy gain/lose when we stop making these payments ?
c) Would any financial gain be lost when forging our own trade agreements ?

Facts, with charts, projections and Quants - that should keep him burning the midnight oil.
No more Project Fear BS please.

Lets make a more fundamental point.

We as individual humans go through life in a mixture of need or plenty. Some of us start in need and end in plenty some of us go the other way down, but most of us cycle between more then less resources in our lives. When we find that things feel tight we ask: "What needs cutting? What has outlived the benefits?" and we cut down our weight, spending, footprint to suit the mood or even line up for the next big thing... But governments don't do that. They think that more tomorrow is a given. That if they can just get rid of enough money this year the same will be granted next year + some more. We are in a finite world with finite resources so that model has to stop one day. But there is no way to say cut the budget. Lets not forget that this is a spending list that has NEVER been successfully audited and signed off. Can you imagine anyone here going on an unchecked spree of 40 years and never signing off accounts or even proving that they have spent the money where they think they have...

In or out of the EU is not the problem. It's do we have a government framework that can shed its un-neccesary crap without hysteria and line up to be lean and ready for the next challenge...

We need departments that can learn that spending isn't a must, it's an option.

But the EU gets it's cash regardless. Its like the gangster in Goodfellows: "**** you Pay me!" Global downturn? Really? **** YOU PAY ME! Unless we want to see a future of poverty and degradation, we need to reign in the excesses. You don't do that by abstracting leadership or getting bigger you do it by focusing on the small stuff and improving efficiency. The EU can't do either of those things and for that reason it needs to die so that something else can take over.

[WTFH]

Oh look, another referendum thread.

[SunnyInHades]

The BOE completely neglects any discussion on the 'up side' of brexit.

I'd like to hear his opinions of the £23m/day net (after rebates and EU payments back to the UK) we 'give' to the EU:

a) Is this figure BS ?
b) How would the UK economy gain/lose when we stop making these payments ?
c) Would any financial gain be lost when forging our own trade agreements ?

Facts, with charts, projections and Quants - that should keep him burning the midnight oil.
No more Project Fear BS please.

[AtW]

But I call bulltulip that increased autonomy and potential reduced red tape has no financial up side.

Bank of England is already independent of even UK Govt, nevermind EU.

Red tape? Comes from UK govt mostly.

[Old Greg]

Not if they are forced to introduce Kapital Kontrols.

HTH

Stopping currency imports?

[PurpleGorilla]

What are the upsides as far as Bank of England is concerned?

Rising interest rates will avoid a deflation scenario?

I don't know. But I call bulltulip that increased autonomy and potential reduced red tape has no financial up side. It makes bremain look like dickwipes that they cannot recognise the upside.

[AtW]

If you're billing in foreign currency it will be pretty good.

Not if they are forced to introduce Kapital Kontrols.

HTH

[Old Greg]

What are the upsides as far as Bank of England is concerned?

If you're billing in foreign currency it will be pretty good.