If we vote for Brexit what happens

setmefree2

Biggest IPO listing ever.....

May and LSE chief lobby for Aramco listing on Saudi visit

https://www.ft.com/content/aa47d620-1929-11e7-9c35-0dd2cb31823a

setmefree2

Ever wondered why we have had a budget deficit for 15 years?

Brexit divorce bill of £50bn is small change, says Mandelson

https://www.thetimes.co.uk/article/brexit-divorce-bill-of-50bn-is-small-change-says-mandelson-qhvhrflr5

Thanks for nearly bankrupting us Mandy & co.

setmefree2

WTO

Nonetheless, the Panel's decision provides additional legal certainty for the U.K., as the compensation negotiations will not prevent the immediate operationalization of its post-Brexit tariff schedule.

Second, if the U.K. decides to make country-specific allocations for any TRQs that it establishes, it will also have to take into consideration any "special factors" that affect that allocation. One such "special factor" could arise from Brexit itself.

As a first step, the U.K and the EU will need to agree on the division of any EU TRQs for agricultural goods. Once the U.K. has its own TRQs, it may decide to make an allocation among supplying countries. The EU – minus the U.K. – may seek to benefit from any such allocation.

The U.K. may not be able to base its determination exclusively on a "previous representative period", as during such period (e.g., 2016 to 2018) it will have been a member of the EU customs union. Goods crossing from the continent into the U.K. would have been considered simply as part of intra-EU trade. However, the EU could take the position that the U.K.'s membership in the EU was a "special factor" that "may have affected…trade in the product". In other words, the EU may argue that after Brexit, it should indeed be considered as a principal or substantial supplier to the U.K. for some products for the purposes of GATT Article XIII.

http://www.jdsupra.com/legalnews/wto-panel-decision-eu-poultry-meat-china-85931/

A_Medium_Size_Jock

Concerns are again raised in Ireland:

Brexit: Retailers warn 282,000 jobs depend on Irish links to Britain

http://www.irishnews.com/news/brexit/2017/04/06/news/brexit-retailers-warn-282-000-jobs-depend-on-irish-links-to-britain-990120/

setmefree2

Brexit shouldn’t affect where clearing houses are, top US watchdog declares

A leading US watchdog has weighed in to the row over where euro clearing houses should be located once Britain leaves the EU by saying that regulators should butt out and let the market decide.

America’s Commodity and Futures Trading Commission boss Sharon Bowen said it doesn’t matter where derivatives clearing houses are based — a implicit rebuke to EU policymakers who are trying to restrict euro derivatives clearing in the UK after Brexit is achieved.

“We consider that it is not for regulators to determine where business should take place — this is a global market,” she told a conference in Malta yesterday.
The CFTC does not need dollar-denominated transactions to be cleared in the US — a stance at odds with European policymakers who insist on having a location policy.

The UK won a landmark court case in 2015 against the European Central Bank, who had tried to force euro clearing houses into the eurozone, but Brexit has raised ECB hopes again.

“The [central counterparty clearing house] which deals with the largest [dollar] set of transactions is not located in the US. We don’t see this as an issue as we have a great communication with this institution,” Bowen said.

http://www.standard.co.uk/business/brexit-shouldn-t-affect-where-clearing-houses-are-top-us-watchdog-declares-a3508986.html

setmefree2

UK tourism booms as weak pound draws visitors

https://www.ft.com/content/e73c896e-1928-11e7-9c35-0dd2cb31823a

A_Medium_Size_Jock

This opinion piece contains much that seems at least plausible, including:

Brussels has spending commitments over and above the official budget, which at the end of 2016 stood at a massive €238bn These are commitments incurred but not yet paid for, reste à liquider in the jargon. It includes capital projects and various items such as future pension liabilities for Commission staff. This extra expenditure forms the basis for claims that the UK will have to pay an estimated €60billion as part of the Brexit settlement. Legal advice to a House of Lords sub-committee is that the UK has no liability for this amount, and given it was contracted without Britain’s explicit agreement, its status is certainly questionable. It also ignores the value of Britain’s property rights, accumulated during her membership.

And:

Another EU institution in a fragile condition is the euro itself. Last Monday, the Financial Times reported on a survey of reserve managers at 80 central banks, more than two-thirds of which were changing their reserve allocation from euros in favour of sterling. Their greatest fear for 2017 is reported to be the stability of the monetary union, and some of them have eliminated their exposure to the euro entirely, others to only a bare minimum.

http://www.24hgold.com/english/news-gold-silver-the-decline-and-fall-of-the-eu.aspx?article=10694476468H11690&redirect=false&contributor=Alasdair+Macleod

kabayiri

gfplux wrote: »

Brexit can be an opportunity to do things differently and perhaps that will be the way that leaving the EU can be turned (in time) in to a positive.
If the source of cheap labour is cut off then investment in robotics and even greater mechanisation in present and new industry's could create a bright future, but for who?
However I now hear that the British position on Brexit is weakening over FoM. Frankly the shock of halting freedom of movement in March 2019 might just be the revolution that Britain needs.

The highlighted bit is always the challenge.

Innovation does bring out economy savings, but ultimately much of this saving will end up with those higher up the business chain.

Who cares about the FoM position. In a decade's time our path will be potentially very different to the EU. What's the point of obsessing over a short term issue.

Conrad

A_Medium_Size_Jock wrote: »

Concerns are again raised in Ireland:

http://www.irishnews.com/news/brexit/2017/04/06/news/brexit-retailers-warn-282-000-jobs-depend-on-irish-links-to-britain-990120/

These jobs and this trade are unimportant according to Remainers that assert the EU 27 can easily absorb the losses and just 'focus on trading in the 27'.

TrickyTree83

StevieJ wrote: »

The ultra Libertarian Right fancy their chances of making an impact 'Post Brexit' If they get a foothold it could be back to Victorian Britain, get a job or starve.

Wonderful.

Perhaps people would take some responsibility for their lives then. See the re-growth of the family unit (+ extended family), less single parent households and less young mothers.