If we vote for Brexit what happens

Conrad

Well, well, well.


You may recall Ryanair chief Michael O'Leary was across the media including Question Time arguing Brexit would spell the end of low cost flights, and as ever us intrepid Brexiteers explained how this could only be nonsense, as we argued lowcost carriers were all over the globe, not specific to the EU, and that clearly this was establishment group-think project fear informed by raw emotion.




http://www.bbc.co.uk/news/business-37228744
The airline Jet2.com says it will create almost 1,000 new jobs as part of a recruitment drive.


"We have exciting plans to expand the number of destinations we fly to, as well as the number of UK bases we fly from, and this means that our team is growing all the time too."

Conrad

Peter Lilly was on the BBC News channel tonight stating the Breixt process is straight forward and that 'conditioned' bremoaners in the Civil Service and elsewhere are hysterical and completely wrong to keep over stating the complexity. Trade will carry on during the mild transition to a new free trade deal, very simple indeed.


He went on to point out we had only 2 years to vote on and then join the Common Market which was a far more involved task that meant altering our VAT system and far more


The establishment EU cult will carry on whinging, but it's time they wake up and step up to the plate and focus that negative energy on the revolution

Kohoutek

Conrad wrote: »

Peter Lilly was on the BBC News channel tonight stating the Breixt process is straight forward and that 'conditioned' bremoaners in the Civil Service and elsewhere are hysterical and completely wrong to keep over stating the complexity. Trade will carry on during the mild transition to a new free trade deal, very simple indeed.


He went on to point out we had only 2 years to vote on and then join the Common Market which was a far more involved task that meant altering our VAT system and far more


The establishment EU cult will carry on whinging, but it's time they wake up and step up to the plate and focus that negative energy on the revolution

Actually the UK applied to join the EEC in 1967 and joined in 1973, so six years not two.

Conrad

mwpt wrote: »

I don't understand what you are basing this opinion on. The power of belief?

Do you see access to the single market (including the so called passporting system) as unimportant? If so, what are you basing that opinion on?

If not, how do you reconcile a view that the EU will grant us a better deal outside the EU than inside putting itself at risk of further breakup?

I concluded some time back that full autonomy over our trade will far outweigh the marginal benefit of remaining in the SM.


53 nations have a FTA with the EU, as I always said, we will be number 54.


We're already fully aligned and are a very important market for core members (Germany makes a $60b profit on trade with UK, a loss with China) and so our deal will be better than the rest and certainly good enough and free of all the silly interference and concessions.


The mindless argument that trade deals take years was always silly, there is evidence showing deals done within 1 year and anyway we are fully integrated and aligned so the deal will be no problem


So in summary, a good deal with the EU is a certainty (if not I'd take WTO anyway and yes Ive looked into this at length), but now no more constraints on trade with ROW AND IT IS THE STARTING GUN CATALYST TO CHANGE BRITAIN AND REBALCE OUR ECONOMY - a critical benefit for me

Conrad

And another thing............


Bremoaners tell us how endlessly complex it will be to rationalise EU rules and laws and yet all the way through the debate they told us the UK makes most of her own rules and laws, that Brussels interference is minimal and nothing to be concerned over, that the sovereignty argument is null and void as we make the important laws and rules ourselves

Kohoutek

Conrad wrote: »

And another thing............


Bremoaners tell us how endlessly complex it will be to rationalise EU rules and laws and yet all the way through the debate they told us the UK makes most of her own rules and laws, that Brussels interference is minimal and nothing to be concerned over, that the sovereignty argument is null and void as we make the important laws and rules ourselves

There's a very simple answer to that question (which you could easily find out yourself). EU law which applies in the UK is predominately regulatory law, eg financial regulatory law. Not law which the average person is likely to come across directly, but if it didn't exist we'd be left with a huge legal void.

Thrugelmir

Kohoutek wrote: »

There's a very simple answer to that question (which you could easily find out yourself). EU law which applies in the UK is predominately regulatory law, eg financial regulatory law. Not law which the average person is likely to come across directly, but if it didn't exist we'd be left with a huge legal void.

Being outside of the Eurozone. Regulators such as the BOE. FSA, PRA still determined financial regulation within the UK. With the UK being ahead of the EU in terms of legislation. This issue may have come to a head if the UK had voted to remain. As was very much on the agenda.

Why did the EU exclude Portuguese banks from recent stress testing? Because they would have failed. A corrupt system.

Kohoutek

Thrugelmir wrote: »

Being outside of the Eurozone. Regulators such as the BOE. FSA, PRA still determined financial regulation within the UK. With the UK being ahead of the EU in terms of legislation. This issue may have come to a head if the UK had voted to remain. As was very much on the agenda.

Why did the EU exclude Portuguese banks from recent stress testing? Because they would have failed. A corrupt system.

Yes, of course it's correct that the UK (not the EU directly) applies and enforces financial services regulations in the UK. The point is that a very large amount of the FS regulations that the UK applies and enforces are EU law.

Thrugelmir

Kohoutek wrote: »

Yes, of course it's correct that the UK (not the EU directly) applies and enforces financial services regulations in the UK. The point is that a very large amount of the FS regulations that the UK applies and enforces are EU law.

Not that am I aware of currently. Which EU institutions provide the supervision?

AFF8879

I work for a large US bank in London, and our face off is with either the fed or PRA. Euro regulators don't touch us and never have done.

On a different note, I'm wondering how much of that $13bn of back taxes will find its way into the EU coffers via Ireland's suddenly increased "contribution"...