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If we vote for Brexit what happens

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Comments

  • mayonnaise
    mayonnaise Posts: 3,690 Forumite
    U.K. Household Gloom Deepens
    Rising prices are tightening Britons’ purse strings and deepening their gloom about the outlook for their finances, posing a risk to domestic demand in the economy.
    https://www.bloomberg.com/news/articles/2017-03-22/u-k-household-gloom-deepens-as-boe-predicts-consumer-slowdown
    Don't blame me, I voted Remain.
  • davomcdave wrote: »
    Excellent. Good to know that I'm still wrong.
    If you seriously believe Ryanair to be a UK-based airline then yes, you are wrong.
    And if that is wrong from your earlier post, what else might be?
  • Conrad
    Conrad Posts: 33,137 Forumite
    10,000 Posts Combo Breaker
    edited 22 March 2017 at 3:42PM
    davomcdave wrote: »
    Some assorted bits of Brexit news for y'all to cogitate. I welcome you explaining to me what I've gotten wrong this time.
    .


    Airlines - I think come what may we will still be getting low cost flights, they started here before the rest of Europe if memory serves. Maybe a brass plate office in Dublin for those that need one. No need for hysterics from Remainers.


    Banking - the EU is not all that friendly place for bankers - anti bonus rules, MIFID 2 and Basal 4 coming soon, and the City's success relies on a web of face to face synergy, you just cant up to windy Frankfurt and replace that deal making capacity there.


    Passporting has not been taken up by that many FS institutions as they deem it cumbersome and surplus to need - this is another classic piece of info the Remainers wilfully ignore. In any event Passporting is not necessary and there are ways around it, such as Brass plate offices.


    I suspect we will keep Passporting though - the EU holds 8300 Passports into the City


    Also as I've argued from the beginning, we are agents capable of responding to a changing world - just because the EU does something against us does in no way imply we wont respond to our advantage



    Call me a dreamer, but I actually do think the UK will prosper like billyo next to the slow cumbersome old fashioned EU, I don't know why you guys think it's such an economic success, it really isnt
  • mayonnaise wrote: »

    "Predicts".

    Presumably though you would prefer to see continued increase in UK consumer credit and increased imports?
  • davomcdave
    davomcdave Posts: 607 Forumite
    If you seriously believe Ryanair to be a UK-based airline then yes, you are wrong.
    And if that is wrong from your earlier post, what else might be?

    Ryanair is headquartered in Ireland, and will not have to relocate, but it has been reported that 60% of the Dublin-registered airline’s capital shares are owned by EU nationals. This will be reduced to 40% once UK shareholders are excluded, making it vital to increase its EU ownership to comply with regulations.

    Why do you think I am saying that Ryanair is a UK-based airline? Is this some sort of post-truth post thing that I'm missing the point of?

    Presumably it is in some weird way worth the EU's while to change the Open Skies rules because German cars and that amending that plus the other gumptillion agreements is going to happen in a couple of years.

    setmefree's posts about possible WTO options are very interesting. You are simply posting a bunch of postulates based on a prejudiced position that Brexit cannot possibly lead to a single poor outcome.
  • mayonnaise
    mayonnaise Posts: 3,690 Forumite
    davomcdave wrote: »
    Some assorted bits of Brexit news for y'all to cogitate. I welcome you explaining to me what I've gotten wrong this time.
    What you've gotten wrong this time is that you're still not fully on board with the unquestionable awesomeness of brexit.
    Don't blame me, I voted Remain.
  • A_Medium_Size_Jock
    A_Medium_Size_Jock Posts: 3,216 Forumite
    edited 22 March 2017 at 4:10PM
    davomcdave wrote: »
    You are simply posting a bunch of postulates based on a prejudiced position that Brexit cannot possibly lead to a single poor outcome.
    Are you ignoring this:
    Now again I say that not all will be as smooth as silk.
    There will undoubtedly be change and some of this change will not be for the better.
    from my earlier post, like you are ignoring this:
    it has been reported
    from your own quote?

    What you're missing (besides the ability to read my posts, it seems) is the ability to question what you read in media reports.
    Because we all know they tell no lies, right?
    That they would never distort the truth, even?
    I wonder if it might not be possible to be a little more original than with the inane use of terminology like "post-truth" to bolster blinkered perceptions?
    Will we see the phrase "alternative facts" at any time soon in future diatribes?
  • Since some seem so fixated on supposed airline woes, here is another report published just minutes ago in The Telegraph.
    Interesting reading, including this regarding Easyjet:
    Liberum transport analyst Gerald Khoo said the ownership and control structure that easyJet would be using - having multiple AOCs and operating companies - would be the same as that of Air France-KLM. Therefore, “if easyJet’s arrangements are challenged successfully [by the EU], Air France-KLM would have to be broken up too”.
    And:
    A spokesman for easyJet said the company’s headquarters would remain in the UK post-Brexit and that it was 49pc owned by European shareholders at present, so crossing the 50.1pc threshold under European ownership rules should be simple enough to do.
    http://www.telegraph.co.uk/business/2017/03/22/will-brexit-mean-uk-airline-industry/
  • Conrad
    Conrad Posts: 33,137 Forumite
    10,000 Posts Combo Breaker
    mayonnaise wrote: »
    What you've gotten wrong this time is that you're still not fully on board with the unquestionable awesomeness of brexit.





    Too many Remainers throw their hands in the air at every little rumour or challenge.


    Rather than be resigned to 'bad schit happening to us', surely better to approach these things with a degree of open mindedness, in the sense challenges can usually be worked through.


    This idea not being in the EU is about destruction of UK is nonsensical. Change happens, adapt and thrive.
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    If you seriously believe Ryanair to be a UK-based airline then yes, you are wrong.
    And if that is wrong from your earlier post, what else might be?

    In the case of Ryanair, it their shareholder base that will be a problem,
    'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher
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