Brexit, The Economy and House Prices (Part 2)

michaels

So we want an option where we pay as much or more, follow all the rules, can't make our own trade deals to avoid the eu food tax and unlike now we have no say when the french and germans stich up the rules for example to kill off financial services in London. So an out that is worse than being in - may make sense to remainers but not to me.

HAMISH_MCTAVISH

michaels wrote: »

So we want an option where we pay as much or more, follow all the rules, can't make our own trade deals to avoid the eu food tax and unlike now we have no say when the french and germans stich up the rules for example to kill off financial services in London.

Yes - but that is still better than the other 'leave' alternatives.

And we did try to warn you...

So an out that is worse than being in - may make sense to remainers but not to me.

All outs are worse than being in - the best deal we'll ever have is the one we're giving up - and the worst possible deal is no deal at all.

Of course eventually we'll rejoin - and on worse terms than we had - but we did try to warn you about that as well...

steampowered

StevieJ wrote: »

I would settle for 'OUT' just like Norway, Iceland or Switzerland :-)

You do understand that Norway, Iceland and Switzerland all accepted free movement of people - i.e. unlimited immigration from the EU, without any ability for the local government to control numbers?

And that they are required to accept EU laws on trade, without having any opportunity to input into the creation of those laws?

That is the "off the shelf" type of arrangement which the UK will need to accept if it wants to retain full access to the single market.

steampowered

michaels wrote: »

we have no say when the french and germans stich up the rules for example to kill off financial services in London. So an out that is worse than being in - may make sense to remainers but not to me.

Not having access to passporting would gut our financial services industry anyway.

The reason why banks locate in London is because it is a global city they can use as a hub to cover the whole of Europe. One set of regulatory approvals in London allows them to do business across the EU.

If the UK is not prepared to accept EU financial services rules, banks won't be able to do business in Europe on the basis of UK regulatory approvals.

If banks can't do that, the answer is very simple: leave their UK-facing business here, and move their EU-facing business (most of it) into Paris or Frankfurt.

Tromking

The great Brexit fudge gathers pace.
A clean or hard Brexit will never get past our Parliament and would obviously end the Tory deal with DUP. A soft Brexit will re-ignite the debate as to why are we leaving if we have to accept things like FoM and/or financial contributions.
It pains me to say it, but for Brexit to have worked, more people needed to have voted for it.
The British people are being played.

HAMISH_MCTAVISH

steampowered wrote: »

You do understand that Norway, Iceland and Switzerland all accepted free movement of people - i.e. unlimited immigration from the EU, without any ability for the local government to control numbers?

And that they are required to accept EU laws on trade, without having any opportunity to input into the creation of those laws?

That is the "off the shelf" type of arrangement which the UK will need to accept if it wants to retain full access to the single market.

Yes we are aware of the fact that such a deal is worse than the deal we have today as a full EU member.

But it's also materially better than any deal we'd have once we left the single market.

That's why so many of us voted to stay in the EU....

always_sunny

HAMISH_MCTAVISH wrote: »

Yes we are aware of the fact that such a deal is worse than the deal we have today as a full EU member.

Worse for whom? The UK perhaps?
The EU would be thrilled of such arrangement! :rotfl:

fun4everyone

Inflation up to 2.9% meanwhile GDP is dropping. Slow hand clap Brexit.

Crashy_Time

HAMISH_MCTAVISH wrote: »

Yes - but that is still better than the other 'leave' alternatives.

And we did try to warn you...



All outs are worse than being in - the best deal we'll ever have is the one we're giving up - and the worst possible deal is no deal at all.

Of course eventually we'll rejoin - and on worse terms than we had - but we did try to warn you about that as well...

We won`t rejoin, the EU will collapse, like your local property market. IMO. (well the property market bit is fact, not opinion :rotfl:) Best to get out now and let them get on with it.

Thrugelmir

fun4everyone wrote: »

Inflation up to 2.9% meanwhile GDP is dropping. Slow hand clap Brexit.

GDP is a reflection of the UK's poor productivity and high debt levels.The veneer is peeling off to expose the reality.