If we vote for Brexit what happens

Mortgagefreeman

Douglas Flint, chairman of HSBC, appears to started something yesterday when he likened the risks of Brexit to Jenga. Andrew Tyrie, chairman of Treasury select committee, has been asking Mark Carney about it today. The governor of the Bank of England has admitted it is a “decent analogy”. “Just like when you play Jenga and you start early there are some pieces you can take out without imperilling the tower” says Carney.The Jenga problem starts when capacity is taken out of the market. The argument being that the EU 27 relies on the City for its financing and, argues Carney, faces a greater risk to financial stability than the UK from Brexit.

https://www.theguardian.com/business/live/2017/jan/11/wef-global-economic-risks-trump-brexit-business-live

MobileSaver

Matt_L wrote: »

Lmfao all these remoaners looking for the tiniest of glitches to blame on the vote to leave the EU. ... Its pathetic.

This is an ironic joke, right?!??! I've lost count of the number of "good economic news" posts on here that Brexiteers insist are proof that Leave was the right choice (completely ignoring that we won't actually be leaving the EU for years, if ever!) :rotfl:

wotsthat

Conrad wrote: »

I am seriously looking at making a Youtube video on last nights Gina Miller hour long lie-show.

What about that song you promised?

Conrad wrote: »

She epitomises why 'liberals' have lost the respect of people, utterly unaware it is her kin that fell for lies and misinformation of truly epic proportions, that are profoundly disconnected from reality and good judgement

Nah. There's a battle of the elites of which Miller is one and so is May, Johnson, Trump, and Farage et al.

You might like to see people voting for different elites as a ground up revolution but it's anything but. Lucky for most of us here because we're either part of the 1% or not that far behind.

Be careful what you wish for.

Conrad

setmefree2 wrote: »

http://www.news.com.au/finance/economy/world-economy/tony-abbott-makes-case-for-onepage-free-trade-deal-with-the-uk/news-story/25b02c19eebaaf24661aa1a9be6a6672

See Remoaners, I told you our deep global and Commonwealth links were a gold mine waiting to be tapped.

wotsthat

Conrad wrote: »

See Remoaners, I told you our deep global links and Commonwealth links were a gold mine waiting to be tapped.

You did. Might be best to let the ink dry on that agreement before gloating.

Mrs. May hasn't decided if we're leaving the customs union yet.

Conrad

wotsthat wrote: »

What about that song you promised?

It's done but I am not sure I want to link to it - anonymity and all that


Unless someone knows of a lesser known player I can upload it to

Conrad

wotsthat wrote: »

Mrs. May hasn't decided if we're leaving the customs union yet.

She has, we're leaving unless the EU gave us dispensation to make our own deals globally and retain the CU, but there's no desire for us to belong to it that I can particularly envisage.


All we need is WTO agreement with the EU with zero rated tariff terms


Trade deals - didn't we Brexiteers argue again and again that trade deals can be done quickly and need not be complex. Abbott and I suspect Trump will agree to simple rapid terms with us and perhaps this will end up as a new Anglosphere axis of trade

Rinoa

Meanwhile our next door neighbours are having their own immigration problems. French presidential favourite Francois Fillon threw the EU's free movement zone into doubt today as he vowed to get tough on immigration with a strict regime of quotas.

http://www.express.co.uk/news/politics/752906/Free-movement-French-presidential-Francois-Fillon-migrant-quotas-EU-France

Speaking to RMC radio, Mr Fillon said he will ensure that officials in Paris fix a “global volume” for the number of migrants who can move to and settle in France every year.
He said: "I want France to be able to decide decide the number of people it takes in every year.
“One sees that the number of people coming to France in the last five years has shot up, in a country which has nearly six million people unemployed and nine million poor.
“It’s a very difficult situation. I will put in place a system like the one Canada has, which functions perfectly and which allows Parliament in a democratic and transparent way to fix a quota every year.”
The conservative candidate predicted that migratory flows into Europe, particularly from Africa, will increase over the next few years and also pledged to up the period people have to live in the country to be eligible for citizenship to eight years - the same as neighbouring Germany.

He said: “It’s necessary because French nationality must not be given to a person who doesn’t assimilate.
“We talk about integration and assimilation. Integration is what we demand of someone who comes to live in our home. Assimilation is what we demand of someone someone who becomes French.”

Aides for the presidential frontrunner scrambled to explain his remarks, insisting that he would not “proclaim that France should leave the Schengen agreement”.
But it was not clear how he could achieve his promise without securing reform to Europe’s free movement rules, given that almost half of all immigrants entering the country are EU citizens.

And he's not even the main anti immigration candidate.
2017 is shaping up to be a very interesting year.

A_Medium_Size_Jock

After "Mark Carney said that action by the Bank before and after the vote to leave the European Union had reduced the danger to the country's financial stability." I like the line below, also from Mark Carney - something I have been saying for some time now:

The risk was greater for continental Europe than for the UK, he said.

http://www.bbc.co.uk/news/business-38587625

mrginge

Rinoa wrote: »

Meanwhile our next door neighbours are having their own immigration problems. French presidential favourite Francois Fillon threw the EU's free movement zone into doubt today as he vowed to get tough on immigration with a strict regime of quotas.

http://www.express.co.uk/news/politics/752906/Free-movement-French-presidential-Francois-Fillon-migrant-quotas-EU-France

And he's not even the main anti immigration candidate.
2017 is shaping up to be a very interesting year.

I guess France are also planning on leaving the single market then as well.