If we vote for Brexit what happens

CLAPTON

wotsthat wrote: »

The consequences would be the same as if the deal was rejected by any of the 27. Either a renegotiation would need to take place or the UK leaves the EU without a deal.

Better either of those than a deal formulated solely to give the best chance of a Tory 2020 GE victory. I can't be the only cynic who thinks the secrecy about the plan (which doesn't exist) is more about the Tories by-passing democracy for party aims.

I struggle with how one can be cynical about the secrecy of something that you consider doesn't exist or how it can helpful to the Tories in 4 years time.

setmefree2

Brexit Briefing: Passporting is a two-way street

As the UK’s Financial Conduct Authority reported on Tuesday, nearly 5,500 British registered companies use “passports” to access the EU market. Passporting allows banks, insurers and asset managers to operate smoothly across the EU from a base in the UK. An end to the passport regime — and the failure to provide an adequate replacement in the form of a substantial trade accord — would do significant damage to financial services, which account for a third of the UK’s services exports to the EU.

However, it is important to remember that a hard Brexit would not just harm Britain. As the Financial Times points out today in a sweeping analysis of the passporting regime, a lot of damage would also be done to EU companies.
The FCA reveals that about 8,000 companies registered elsewhere in the EU use passports to access the UK. Some of these are large groups. Deutsche Bank and Commerzbank, for example, use passporting to run their businesses as “branches” in Britain, rather than as separately capitalised subsidiaries. As Anthony Browne, chief executive of the bankers’ group the BBA, puts it: passporting is “truly a two-way thing”.

The potential damage to Europe's financial sector from a hard Brexit leads to a wider observation. The EU has so far taken a tough approach to negotiations with the UK (especially on the question of limiting free movement), as though Britain has everything to lose.

http://www.ft.com/cms/s/0/9117269e-7fee-11e6-bc52-0c7211ef3198.html?siteedition=uk#axzz4Ktrgag63

Conrad

setmefree2 wrote: »

Why oh why do Brits fly Ryan Air?



http://www.independent.ie/business/brexit/uk-will-be-screwed-in-postbrexit-trade-talks-oleary-35066015.html

Jet2 Chairman was on radio this morning commenting on the announced 1000 new UK jobs and new flight routes. He said Brexit will make no difference whatsoever.


I was angry when Ryanairs boss kept saying on QT that the era of low cost flights would end if we voted out as once again just a tiny bit of thought leads one to the conclusion he must be talking carp as low cost flights operate all over the world and have nothing to do with EU membership, arghh

A_Medium_Size_Jock

setmefree2 wrote: »

Why oh why do Brits fly Ryan Air?

Only because of price.
Because let's be honest, anyone who has ever used them (myself included) knows only too well that Ryanair would charge you for breathing on their flights if they thought they could.

I once witnessed a child being made to remove the wheels from his new (birthday present) skateboard in order to avoid leaving it behind, in tears - by Ryanair.
Awful company who TBH I avoid.

setmefree2

Voters showing no signs of ‘buyer’s remorse’ over Brexit, top pollster says

http://www.telegraph.co.uk/news/2016/09/21/voters-showing-no-signs-of-buyers-remorse-over-brexit-top-pollst/

mayonnaise

Conrad wrote: »

The Brexit bounce continues.

Amazing stuff. A brexit bounce long before we even brexited.

Conrad

wotsthat wrote: »

Don't need a referendum but, given we had one to decide this issue, it's not to much to ask that any deal is acceptable to the sovereign parliament. The EU sovereigns will get to ratify the deal - why not the UK's?

Because it would lead to chaos, further delay and uncertainty, but above all it would weaken our hand at the negotiating table as a load of British disgruntled Bremainers having a say would signal to the EU that we are not unified and many will bend over backwards to take a weak offering (for example free movement).


The Lib Dems don't want out at all and are incapable of seeing the great opportunity Brexit represents, so we don't want gloomy, terrified of change regressive's like that having a say

Parliament wont be getting a vote, but of course plenty of debate will be done there during the process.

Conrad

mayonnaise wrote: »

Amazing stuff. A brexit bounce long before we even brexited.

Everyone from the OECD to Osborne told us we'd have immediate and dire effects following a VOTE to leave. Everyone knew there would be at least a 2 year transition.


Love the way that as one gloomy diatribe prediction after another is put in the bin, the Bremoaners keep moving the goal posts. and promising Armageddon part 2 and 3


The FTSE 250 is full of investors as nervous by nature as deer. Any downside is already priced in and the market is doing nicely.


One day you will see ALL your fear was self-induced hysteria, nothing more.


There is zero reason trade will be hampered, zero

Ozzuk

Looks like certain groups targeting of various forums trying to incite panic and lower prices has missed its mark somewhat. Not really a surprise!

I just had offer accepted on some woodland today so I'm a happy bunny, brexit not putting me off land investment!

iantojones40

jimbog wrote: »

http://www.bbc.co.uk/news/business-37427737

"The house buying process will have started some time before the referendum" (meaning transaction data for August is irrelevant regarding the brexit effect)

"Mortgage data has shown some signs of a post vote slow down"

... gloomy news indeed for the uk property market, rather a strangely misleading headline considering the actual content of the article, oh wait, it's the vile bbc, property market rampers extraordinaire.