If we vote for Brexit what happens

A_Medium_Size_Jock

StevieJ wrote: »

In the case of Ryanair, it their shareholder base that will be a problem,

No, it's their shareholder base that could be a problem.
It hasn't happened yet.

There has been mounting concern from the airline industry that it could be hobbled if discussions between the UK and the EU turn acrimonious.

But anyway, I already posted a proposed solution in the link in my post above.

A potential issue for the company is the make-up of its shareholders, over half of which must be in the EU for it to operate as before. Once the UK leaves the EU, the percentage of EU-based owners on the Ryanair register could drop, as much of its shareholder base consists of UK-based institutions.
To get around this, any fund managers holding the stock could simply switch ownership from one of their UK-domiciled retail funds, sometimes known as Oeics or uni trusts, into either Irish- or Luxembourg-based equivalents, often known as Sicavs.

Thrugelmir

StevieJ wrote: »

In the case of Ryanair, it their shareholder base that will be a problem,

Imagine what the UK could impose on German companies operating in the UK?

davomcdave

Conrad wrote: »

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.

And too many Breixeers are making some extraordinary claims based on blind optimism and an assumption that the EU is run by fools and that the UK has the Germans over a barrel because cars.

I hope things work out well but much of what I read on here and elsewhere is little more than wishful thinking.

If you import such a large amount of food as we do then you haven't got anyone over a barrel. Be careful of biting the hand that feeds.

Sapphire

Conrad wrote: »

The best fizz of the lot in our opinion is (varies from about £17-21.00 depending where you get it, from memory);


http://www.waitrosecellar.com/all-countries/chapel-down-vintage-reserve-brut?gclid=CjwKEAjwwcjGBRDj-P7TwcinyBkSJADymblTUQOc3LF62DX_aYrqfPbKUWn-hNJUxxM38kOGt3D1UxoCv6Tw_wcB&gclsrc=aw.ds&dclid=CLqwn8uT6tICFe4T0wodea8JBQ

Thank you for that, Conrad. It is on my list to try out. (I'll end up like a 'Drunkard' if I'm not careful.) :rotfl:

Conrad

Sapphire wrote: »

Thank you for that, Conrad. It is on my list to try out. (I'll end up like a 'Drunkard' if I'm not careful.) :rotfl:

We had this for the first time recently round at neighbours, and all 6 of us loved it and thought it nicer than any Champagne, as it does not have that slightly yeasty headache quality that Champagnes seem to have (in our experience)


This Chapel Down stuff is like a nice soft kiss - I could drink barrels of it

Conrad

davomcdave wrote: »

If you import such a large amount of food as we do then you haven't got anyone over a barrel. Be careful of biting the hand that feeds.

Can the ROW not supply a good deal of this need, and no doubt some will jump at the chance of low / zero tariff deal with us and yes such deals have and can be done rapidly (once you get out of EU - think modality)..


NZ lamb, Argentinian beef, Jamaican cane sugar, wines from NZ, Australia, Chile, California, fruits from Algeria and Morocco, grain from Canada and Patagonia, veg from Israel, not to mention switching to more home production (more and more of these underground multi level UK hydroponic farms are springing up, growing lettuce etc) the list is endless.


As such the EU core exporters would be mindful we have options and leverage.


Blind optimism, or just a common sense can-do approach?


85% of trade is not done with the EU, we'll be fine, Europeans need us and vice-versa. The RIW is growing faster than the EU, but again we wont be losing EU trade anyway.


I honestly do think most of the Remain concern is somewhat hysterical and very narrow thinking based on familiarity and fear of change. History tells us that change deniers are usually wrong, indeed we look back later bemused that the naysayers could not see the obvious.


You should not underestimate just how powerful the emotions are that stem from change anxiety.

A_Medium_Size_Jock

Are the BBC taking note of the MP's complaint re: bias?
Because a report today questions how beneficial the EU's single market really is.

Over the past two decades, 14 economies - including Canada, India and the US - that trade under World Trade Organization (WTO) rules had increased their exports of goods to the 11 founding members of the single market faster than the UK, the study said.
"The evidence shows that the disadvantages of non-membership of the EU and single market have been vastly exaggerated and that the supposed benefits of membership, whether for exports of goods and services, for productivity, for worldwide trade, or for employment, are largely imaginary," the study said.

http://www.bbc.co.uk/news/business-39356664

A_Medium_Size_Jock

An interesting Euronews report, featuring interviews with Guy Verhofstadt and with Nigel Farage, plus a few others on possibilities regarding Europe's future:

With the 60th anniversary of the treaties of Rome looming, euronews’ Isabelle Kumar met up with six members of the European Parliament to discuss the future of Europe.

http://www.euronews.com/2017/03/22/what-future-for-europe

A_Medium_Size_Jock

I see the Independent is changing tack.
Rather than downright pro-EU rhetoric they attempt deception by implying that all Brexit will do is make the rich even richer.
Like the rich getting richer was never thus, regardless.

Britain’s millionaires are surprisingly upbeat about Brexit. Despite rising inflation and a weakened pound most of the country’s wealthy think they will be personally better-off after Brexit, according to a new survey.

http://www.independent.co.uk/news/business/news/uk-millionaires-brexit-latest-richer-make-wealthy-better-off-eu-leave-a7644186.html

A_Medium_Size_Jock

Also today a few pieces in the FT, the first about fading dreams of EU expansion:

After years of tumult in the bloc and its restive hinterland, there is no mood to widen the EU’s frontiers. Buffeted by Brexit, attacked by populists and struggles to overcome the legacies of the debt and migrant crises, the bloc’s leaders face a large enough challenge — even without the growing internal divisions over migration, money and democratic standards that have further dimmed enthusiasm to let in new member states.

https://www.ft.com/content/f064bcce-0d83-11e7-a88c-50ba212dce4d

(If paywalled, search "EU expansion dreams fade as Britain’s exit looms" to find viewable version.)

The second concerns the possibility of a new Franco-German era of co-operation becoming the driving force to restore confidence in the EU:

What unites them is a recognition that something has to be done to break France’s economic stasis and consequent political enfeeblement. France has to modernise to become relevant again. Berlin has been waiting for just this message. France’s weakness has left Germany exposed and the EU unbalanced. By default, Ms Merkel has found herself at once the continent’s reluctant leader and its principal villain. The chancellor wants above all to restore the old partnership with Paris. So does Martin Schulz, the Social Democrat challenger in this autumn’s German election. Mr Schulz would find Mr Macron the more amenable partner. So might Ms Merkel. Both would try to make it work with Mr Fillon.

https://www.ft.com/content/ded83818-0f00-11e7-a88c-50ba212dce4d

(Again, if paywalled search "A Franco-German bargain to save Europe" to find readable content.)