If we vote for Brexit what happens

A_Medium_Size_Jock

Meanwhile shares fall for the fourth day across Europe as the possibility of Italian elections loom & Greek troubles persist:

The region's banks also came under pressure as Deutsche Bank cut the sector to "underweight", while sterling GBP= rebounded after being weakened recently by signs that Britain's election next week might be closer than originally expected.

http://uk.reuters.com/article/uk-global-markets-idUKKBN18Q023?il=0

Despite a small decline the FTSE 100 remains in record high territory of above 7,500 after hitting a new record on Friday.
https://www.ft.com/content/0bafa9bc-74ef-31f8-b701-2aeb8c4d084d

wotsthat

Liking how Sterling has rebounded. It's within a cent of where it's been for a month.

Four days of stock market movements is white noise.

A_Medium_Size_Jock

wotsthat wrote: »

Liking how Sterling has rebounded. It's within a cent of where it's been for a month.

Four days of stock market movements is white noise.

Grumble at Reuters, I just point out what the meeja decide is newsworthy.
Like this:

Nobody noted that the crowdfunded legal challenge to Article 50 had been abandoned.
https://www.ft.com/content/6100aa8e-4483-11e7-8519-9f94ee97d996
https://www.theguardian.com/politics/2017/may/30/crowdfunded-legal-challenge-over-article-50-abandoned

cogito

always_sunny wrote: »

Why does Germany have a trade surplus and the UK does not?

Because it has the benefit of a massively undervalued currency and it's trade surplus has been in breach of EU rules for several years but because it's Germany, it gets away with it.

For the Germans, it's a source of national pride but for the other countries for whom the currency is overvalued, it's an unmitigated disaster, especially the Greeks who are being crushed by the Germans who hold a lot of its debt. The Germans had a great deal of their debt forgiven to allow them to get back on their feet after the war, something that they have completely forgotten when it comes to other countries in desperate need of debt relief.

For what it's worth, Holland is running an even bigger surplus in percentage terms.

kabayiri

Interesting how Brexit and Trump have allowed EU politicians like Merkel and Juncker to reveal their true colours.

gfplux

Is India going to be a big export market for Britain post Brexit.
Indian Prime Minister Narendra Modi’s European tour this week. He is visiting Germany, France, Spain and Russia, but not the U.K. Probably due to the election campaign??

This from Mint business
http://www.livemint.com/Politics/W5A3g04mYSojNpssVG6hxM/Post-Brexit-Germany-seeks-to-become-Indias-gateway-to-Euro.html

"Prime Minister Narendra Modi and German Chancellor Angela Merkel in the garden of German government guest house.
With the United Kingdom’s decision to exit the European Union (EU) expected to make it a less attractive location for Indian investors, Germany is eyeing to fill the void as its gateway to EU.
Prime Minister Narendra Modi, who is on a four-nation tour, is scheduled to hold a summit meeting with German Chancellor Angela Merkel later on Tuesday. In their informal discussions on Monday, both leaders discussed the consequences of Brexit and how it would affect India and Germany, India’s Ambassador to Germany Mukta Dutta Tomar told reporters."

Herzlos

setmefree2 wrote: »

http://uk.businessinsider.com/donald-trump-tweet-on-germany-nato-2017-5

You wouldn't think Germany would want to !!!! off all those American consumers would you?

Why would they worry about !!!!ing off someone who doesn't understand how the EU or NATO work, and is losing popularity at an alarming rate?

I can't imagine Trump and Corbyn will get on either, though. Which might be important if we get a bad deal with the EU.

wotsthat

kabayiri wrote: »

Interesting how Brexit and Trump have allowed EU politicians like Merkel and Juncker to reveal their true colours.

I rather expect continued flip-flopping between the 'Merkel is in charge' and 'it's impossible to negotiate with 27 countries' arguments over the coming months.

A_Medium_Size_Jock

gfplux wrote: »

Is India going to be a big export market for Britain post Brexit.
Indian Prime Minister Narendra Modi’s European tour this week. He is visiting Germany, France, Spain and Russia, but not the U.K. Probably due to the election campaign??

This from Mint business
http://www.livemint.com/Politics/W5A3g04mYSojNpssVG6hxM/Post-Brexit-Germany-seeks-to-become-Indias-gateway-to-Euro.html

"Prime Minister Narendra Modi and German Chancellor Angela Merkel in the garden of German government guest house.
With the United Kingdom’s decision to exit the European Union (EU) expected to make it a less attractive location for Indian investors, Germany is eyeing to fill the void as its gateway to EU.
Prime Minister Narendra Modi, who is on a four-nation tour, is scheduled to hold a summit meeting with German Chancellor Angela Merkel later on Tuesday. In their informal discussions on Monday, both leaders discussed the consequences of Brexit and how it would affect India and Germany, India’s Ambassador to Germany Mukta Dutta Tomar told reporters."

You're way behind the ball ........... again.
About as far as Merkel et al.

Besides my earlier posts re: UK trade & investment with India, there is this from last month:

The report says: "Given the slow pace of negotiations over [a trade deal] with the EU, Brexit provides a fresh opportunity to India to strengthen its economic relationship with the UK through an India–UK trade and investment agreement."

http://www.telegraph.co.uk/news/2017/04/09/post-brexit-trade-deal-india-worth-extra-2-billion-british-economy/

Here too: http://www.express.co.uk/news/uk/789951/Brexit-trade-deal-India-Commonwealth-worth-2-billion-british-economy-may-tusk-EU
Only because I cba to dig out the Commonwealth report.
Again.
Oh, & Theresa May visited Narenda Modi in India in November.


A piece from the Hindustani Times?

Less than two weeks to go before the June 8 mid-term election, the party hopes to retain and increase the support of the 1.5 million-strong Indian community with influence in some constituencies in London and towns such as Leicester and Birmingham.

http://www.hindustantimes.com/world-news/uk-poll-tories-use-modi-again-in-campaign-video-to-woo-indian-community/story-KNwujs8rIKs1s6Zh9LKgHO.html

vivatifosi

gfplux wrote: »

An interesting or perhaps important article.
https://www.theguardian.com/politics/2017/may/30/painstaking-detail-brexit-process-revealed-eu-documents
"Just 10 days before the general election, the EU published two documents that will affect every person living in Britain for years to come. Despite being dropped into the maelstrom of an election caused by Brexit, there was hardly a murmur.
The documents were the most detailed positions yet from the EU’s chief negotiator, Michel Barnier, on the upcoming divorce talks with the UK.
In two policy papers, the bloc has elaborated its stance on the Brexit bill and citizens’ rights."

Posters might want to download the two positioning papers (link in the article) 4 and 10 pages of detail EVERYONE needs to understand if you want to be up to speed ready for the start.

Thanks. I've read both. They are not unexpected starting positions.

I fully expect EU citizens to be granted right to remain, but I can't imagine that anyone without documentation will be able to. Equally, I can't see the Commission having the final say, given that they are in effect one of the parties to the divorce. I would imagine there would need to be a new body set up impartial to both.

Similarly I think a lot of what is written in the finance document is fair, but I think the list of liabilities is not as fully offset by a list of assets as it should be.