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Brexit Discussion Thread VI

johnnyskeleton

Hi folks, as Theresa May has won the vote of no confidence and we are heading into Brexit day early next year, I thought for the new thread people might give their summary of their views on Brexit to date before we get into the more day to day discussions.

So what do you think about what has happened so far? Who has come off well, who has come off badly?

Where do you think Brexit is going? What is going to be the likely impact on Ireland, Northern Ireland, the rest of the U.K. and the E.U. respectively?

Both this thread and the Mark V thread will remain open simultaneously for the next day or so and Mark V will be closed as it gets closer to the server busting 10,000 mark. Hopefully we can set down a solid foundation now for a top quality thread to come!

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Infini

correct horse battery staple wrote: »

https://edition.cnn.com/2019/01/07/investing/brexit-banks-moving-assets/index.html

They should put that on a side of a bus and drive it up and down the length of the country.

To be fair they have a bus going round with Brexit is Bollocks on it though adding that to it would probabmy make it hit harder.

Still the way things are going Im expecting at this point either A50 cancelled in the face of disaster and a never speaking of this again moment or a total disintegration of the UK in about 5 years.

road_high

J Mysterio wrote: »

To get back to ordinary people... this is a really interesting (and introspectice) article by a gay couple (one English, one Northern Irish Presbyterian) who cycled the border, and framed their journey in the context of Brexit. Doesn't really paint a pretty picture mind.

Cycling the Border, 2018: ‘At least yous are Prods, you f**kers’

That article went from bizarre to disturbing. Not sure if it’s exaggerated for effect but hard to believe we share the same island with some of these “characters”.

brickster69

MrMusician18 wrote: »

Given the value of all UK assets is about £10tn, $1tn is not to be sneezed at

It is not UK assets. They are owned by overseas banks.

Just try to think that an American held assets in Ireland and he moved them to another country. Does that mean Ireland lost them assets ?

FFS, you could not make it up. Next thing you know, planes wont be able to fly.

Seth Brundle

brickster69 wrote: »

It is not UK assets. They are owned by overseas banks.

Just try to think that an American held assets in Ireland and he moved them to another country. Does that mean Ireland lost them assets ?

How easy will it be for the UK office of those companies to remain viable when a huge chunk of their business was taken from them?

Akrasia

brickster69 wrote: »

It is not UK assets. They are owned by overseas banks.

Just try to think that an American held assets in Ireland and he moved them to another country. Does that mean Ireland lost them assets ?

FFS, you could not make it up. Next thing you know, planes wont be able to fly.

Ya, it'll be great craic when there's a brexit related credit crunch and there are more bank collapses on top of the collapse of the UK export industry

Imreoir2

brickster69 wrote: »

It is not UK assets. They are owned by overseas banks.

Just try to think that an American held assets in Ireland and he moved them to another country. Does that mean Ireland lost them assets ?

FFS, you could not make it up. Next thing you know, planes wont be able to fly.

Sure, capital flight is just another brexit dividend. $1tn leaving the UK in response to brexit will have no negative consequences for the British economey at all.

Capt'n Midnight

prawnsambo wrote: »

The Lib-Dems are a no brexit party. And coincidentally are the only party to make gains in the last polls.

Yeah they got 50% more seats in 2017 than in 2016.

Sounds good until you remember they dropped from 57 seats to just 8 in 2016.

Like FF here they'll be wandering around in the wilderness for a while. And their last stint in power didn't win them any friends.

Anthracite

Tell me how wrote: »

They're probably viewing it more as 'freedom of speech' in the main.

If they start arresting and citing hate speech, it could lead to claims of 'police state' from these groups and their voices in the media. K Hopkins, JHB etc.

Messy messy environment. I wonder does the likes of Anna Soubry have some form of security? Even just a driver or someone to ensure they aren't attacked.

She's surely more of a target and hate figure than Jo Cox ever was.

Lemming

correct horse battery staple wrote: »

https://edition.cnn.com/2019/01/07/investing/brexit-banks-moving-assets/index.html

They should put that on a side of a bus and drive it up and down the length of the country.

MrMusician18 wrote: »

Given the value of all UK assets is about £10tn, $1tn is not to be sneezed at

I seem to recall an earlier-posted article today on the same $1tn being what Frankfurt estimates to gain alone through Brexit, so to look at it in perspective, it's $1tn across several EU financial centres thus far. There will be a sizeable chunk more to follow if the current course of the UK government is not altered. That's a lot of money lost by the UK either by way of bragging rights about the status of the city of London in order to attract more investment, and in tax/interest accrued. On top of obvious job losses.

prawnsambo

Capt'n Midnight wrote: »

Yeah they got 50% more seats in 2017 than in 2016.

Sounds good until you remember they dropped from 57 seats to just 8 in 2016.

Like FF here they'll be wandering around in the wilderness for a while. And their last stint in power didn't win them any friends.

Ah yeah, that jump in the polls was worth a measly seven seats or something. The point is though, that Labour are slipping when they should be absolutely slaughtering the tories in the polls. And the lift that the Lib-Dems got is illustrative of how their brexit policy is killing them.

Tell me how

prawnsambo wrote: »

Ah yeah, that jump in the polls was worth a measly seven seats or something. The point is though, that Labour are slipping when they should be absolutely slaughtering the tories in the polls. And the lift that the Lib-Dems got is illustrative of how their brexit policy is killing them.

Labour's performance is abysmal and largely down to tone set from the top.

prawnsambo

brickster69 wrote: »

It is not UK assets. They are owned by overseas banks.

Just try to think that an American held assets in Ireland and he moved them to another country. Does that mean Ireland lost them assets ?

Assets generate wealth and wealth generates taxes. That's what the loss of 'them' assets means.

lawred2

brickster69 wrote: »

It is not UK assets. They are owned by overseas banks.

Just try to think that an American held assets in Ireland and he moved them to another country. Does that mean Ireland lost them assets ?

FFS, you could not make it up. Next thing you know, planes wont be able to fly.

The business is asset management

No assets under management = no business

Fairly basic stuff

Capt'n Midnight

prawnsambo wrote: »

Ah yeah, that jump in the polls was worth a measly seven seats or something. The point is though, that Labour are slipping when they should be absolutely slaughtering the tories in the polls. And the lift that the Lib-Dems got is illustrative of how their brexit policy is killing them.

Lift ?

That "lift" means the libdems don't even have a quarter of the seats they had when the referendum was first promised.

Labour are loosing a popularity battle with May who only has 19% public support for her deal.

FrancieBrady

road_high wrote: »

That article went from bizarre to disturbing. Not sure if it’s exaggerated for effect but hard to believe we share the same island with some of these “characters”.

Funny how everyone said exactly what you would expect the stereotype to say. On both sides.

Pure fantasy stuff and very exploitative.

cryptocurrency

Seth Brundle wrote: »

"You ain't even fu**in British!"
If that's what it means to be British then it's no wonder thousands want an Irish passport!

People find a few loons and the media is all over it. They never show the genome of the leftie loons who are at that craic all the time. It's all distasteful but let's be honest the left leaning folk who are that loud could outnumber his kind 10 to 1 in the UK.

road_high

FrancieBrady wrote: »

Funny how everyone said exactly what you would expect the stereotype to say. On both sides.

Pure fantasy stuff and very exploitative.

I guess if you go looking for something you will find it. Carefully picked their conversations I sense

lawred2

cryptocurrency wrote: »

People find a few loons and the media is all over it. They never show the genome of the leftie loons who are at that craic all the time. It's all distasteful but let's be honest the left leaning folk who are that loud could outnumber his kind 10 to 1 in the UK.

Should be easy enough to source a few examples so...

FrancieBrady

road_high wrote: »

I guess if you go looking for something you will find it. Carefully picked their conversations I sense

Picked? I'd say they are frustrated screenwriters/playwrights with bad imaginations.

cryptocurrency

lawred2 wrote: »

Should be easy enough to source a few examples so...

Go to any event and count the militant antfia

brickster69

prawnsambo wrote: »

Assets generate wealth and wealth generates taxes. That's what the loss of 'them' assets means.

Yes, assets generate wealth for the holders of the assets. However tax on those profits are mostly paid back in the home nation. Which is the case for Amazon, Starbucks & Facebook etc. The normal operating margins ( commission ) on opening and closing trades for UK traders are less than 0.00??% of value traded. Tax is obviously due on that after operational expenses.

If these companies are wanting to trade EU financial services in the UK then they will have to set up UK companies and capitalise those companies independantly.

They are not leaving, they have to leave !

listermint

brickster69 wrote: »

Yes, assets generate wealth for the holders of the assets. However tax on those profits are mostly paid back in the home nation. Which is the case for Amazon, Starbucks & Facebook etc. The normal operating margins ( commission ) on opening and closing trades for UK traders are less than 0.00??% of value traded. Tax is obviously due on that after operational expenses.

If these companies are wanting to trade EU financial services in the UK then they will have to set up UK companies and capitalise those companies independantly.

They are not leaving, they have to leave !

Tax on those profits are mostly paid back in the home nation.

And you accused someone earlier of knowing diddly squat about financial markets.

Joy...

Hurrache

cryptocurrency wrote: »

People find a few loons and the media is all over it. They never show the genome of the leftie loons who are at that craic all the time. It's all distasteful but let's be honest the left leaning folk who are that loud could outnumber his kind 10 to 1 in the UK.

Even you know you're talking absolute rubbish now.

Thargor

https://www.lbc.co.uk/radio/presenters/matt-stadlen/iain-duncan-smith-no-jobs-lost-hard-brexit/

Iain Duncan Smith has said not a single job would be lost in a hard Brexit, insisting concerns fears of leaving with no deal are "nonsense"

They've already hemorrhaged thousands of jobs and approaching a trillion in assets and it hasnt even started yet... These people are complete and utter lying con artists.

Capt'n Midnight

Just a reminder .EU names can't be held by bloody foreigners.

As of the withdrawal date, undertakings and organisations that are established in the United Kingdom but not in the EU, and natural persons who reside in the United Kingdom will no longer be eligible to register .eu domain names or, if they are .eu registrants, to renew .eu domain names registered before the withdrawal date.

So lots of fun and games

https://www.theregister.co.uk/2019/01/07/brit_eu_domain_owners/

British citizens with a .eu domain should buy a dotcom replacement and lawyer up, the UK government has formally advised.

In official guidance put out over the Christmas break, the Department for Digital, Culture, Media and Sport (DCMS) warned that "if you currently hold a .eu registration… you should consider transferring your registration to another top level domain… Examples of other top level domains include .com, .co.uk, .net or .org."

Seth Brundle

cryptocurrency wrote: »

People find a few loons and the media is all over it. They never show the genome of the leftie loons who are at that craic all the time. It's all distasteful but let's be honest the left leaning folk who are that loud could outnumber his kind 10 to 1 in the UK.

"Hey everyone, don't look here, look over there"

mickoneill31

cryptocurrency wrote: »

Go to any event and count the militant antfia

So in the age of everybody having a smartphone and social media to get proof of your claims we have to go to an event to see the militant moron lefties.
It's just an unlucky coincidence that the videos we see all over the place are the militant moron guys on the right.

Do you even believe the stuff you're typing yourself?

Thomas_IV

Peter Flynt wrote: »

I'm not seeing much condemnation on Twitter regarding the thugs around Anna Soubry & Owen Jones from those who led the brexit campaign.

Wasn't the first time she got harassed and complained about it publicly. But this doesn't bother the Police nor does it bother the 'infamous' PM May and her cabinet which created and nurished the hostile environment set out to make foreign nationals leave the UK but also includes every anti-Brexit person.

The Brexiteers will certainly and finally achieve the break up of the UK itself and even that's not what they want, it's what they'll get in the end. It is just a matter of time as by their delusions they'll most certainly crash out of the EU with no deal, unless commonsense prevails at the very last minute.

Anthracite

brickster69 wrote: »

They are not leaving, they have to leave !

Hmm. I've read this a few times and it still makes no more sense than the first time.

Enzokk

mickoneill31 wrote: »

So in the age of everybody having a smartphone and social media to get proof of your claims we have to go to an event to see the militant moron lefties.
It's just an unlucky coincidence that the videos we see all over the place are the militant moron guys on the right.

Do you even believe the stuff you're typing yourself?

Everyone had their phones out recording yesterday, but somehow they missed all the militant lefties. They were so busy recording themselves hassling Owen Jones and Anna Soubry that they forgot to record the lefties doing the same it seems.