Brexit, the economy and house prices part 5

System

Brexit falling ever further down the government's agenda.

Never mind - the boss of a chain of pubs says everything will be fine.

Arklight

gfplux wrote: »

Why wouldn't everyone be a little more happy. We have had 502 days since the referendum of laugh out loud chaos in Westminster. It's the best comedy show in Town.

I think it's a comic-tragedy. There won't be any change on Brexit day other than a transitional deal that will change nothing other than committing us to contributing with no say in how the EU is run. That realistically only has to continue for another 10 years before living Remain voters vastly outnumber Leave voters.

ukcarper

Arklight wrote: »

I think it's a comic-tragedy. There won't be any change on Brexit day other than a transitional deal that will change nothing other than committing us to contributing with no say in how the EU is run. That realistically only has to continue for another 10 years before living Remain voters vastly outnumber Leave voters.

The transition period will be nowhere near 10 years if there is one and you have no idea how people's voting intentions will change over time.

Arklight

ukcarper wrote: »

The transition period will be nowhere near 10 years if there is one and you have no idea how people's voting intentions will change over time.

They don't need to change. Unless the 61% of 65+ people who voted for a Brexit that they don't have to deliver have found some way of defying the passage of time, they aren't going to hold out for long against the 76% of under 24s who do not want it.

ukcarper

Arklight wrote: »

They don't need to change. Unless the 61% of 65+ people who voted for a Brexit that they don't have to deliver have found some way of defying the passage of time, they aren't going to hold out for long against the 76% of under 24s who do not want it.

But as people age there thinking changes so you have no idea how people will vote in 10 years, but it doesn't matter as we will be out by then.

Herzlos

ukcarper wrote: »

But as people age there thinking changes so you have no idea how people will vote in 10 years, but it doesn't matter as we will be out by then.

And we'll be perfectly capable of rejoining, minus all the perks we're about to throw away. Thanks guys :mad:

setmefree2

The UK and Taiwan are to hold trade talks in London which it is hoped will lead to the end of a ban on the import of British pork, the Telegraph has learned. International trade minister Greg Hands will meet with Wang Mei Hua, vice minister from the Taiwanese ministry of economy, to discuss the issue in early December.

The UK already has strong economic ties with Taiwan, an island of 23 million people which is ranked as the seventh largest economy in Asia.
Britain is Taiwan’s third largest trading partner in Europe, while Taiwan is the UK’s eighth largest trading partner in the Asia-Pacific region, with bilateral trade reaching $5.85 billion (4.45bn GBP) in 2016.

The move was welcomed by Conservative MPs as the latest sign that trade would continue to flourish after Brexit.
“This totally disproves the claim that no serious economies would be interested in doing trade deals with the UK outside of the EU,” James Cleverly, the MP for Braintree, told the Telegraph.

“It’s good to see the the Department of International Trade haven’t been hanging around… Taiwan and the UK have been international friends for some time and post-Brexit it makes sense that we seek to do more with this fast-growing economy.”
Jacob Rees-Mogg, MP for North East Somerset, added: “Taiwan has always wanted to do a trade deal with us, they made that clear at the end of last year.
"It’s really important as there are opportunities that lie beyond the European Union

http://www.telegraph.co.uk/news/2017/11/07/uk-hopes-end-ban-pork-imports-post-brexit-trade-talks-taiwan/

setmefree2

The European Union will start thrashing out on Wednesday what the 27 countries want from a Brexit transition deal, seeking a united stance they can present to the U.K. once talks break out of the current deadlock.
European envoys will discuss the format and length of the transition, according to a document drawn up for the meeting seen by Bloomberg. They will also talk about the future trade relationship, and what the EU wants in return for the transition deal, which U.K. businesses consider crucial to avoid chaos on Brexit day in March 2019.

On Wednesday, the envoys will start to discuss the ideal length of the transition phase, its scope, and whether the bloc would impose on the U.K. during that time the EU’s “four freedoms,” including free movement of people. Prime Minister Theresa May has said she wants what she calls an implementation period of about two years and she’s promised companies they will only have to make one set of changes for Brexit. The U.K. says EU citizens will be able to enter freely during the transition, but a registration system will be set up.

If the U.K. doesn’t get a transitional arrangement, trade with its biggest partner would revert to World Trade Organization terms until the two sides are able to strike a more beneficial arrangement. EU officials say that under the most optimistic scenario, this would probably take until 2021.

Diplomats will also discuss what the final relationship between the two sides should look like. According to the document, they are to debate whether that arrangement should be enshrined in one overall agreement or should be broken down into separate deals, on topics such as trade, defense cooperation and security coordination, which could make them easier to ratify.

https://www.bloomberg.com/news/articles/2017-11-07/eu-to-sketch-out-brexit-transition-in-bid-for-united-stance

mayonnaise

setmefree2 wrote: »

http://www.telegraph.co.uk/news/2017/11/07/uk-hopes-end-ban-pork-imports-post-brexit-trade-talks-taiwan/

Great news.

Bilateral trade with Taiwan currently £4.5bn.
That's around one ninth of our current bilateral trade with....

....Belgium.

Let the British Lion roar!

setmefree2

Britain this morning announced a new "streamlined" registration system EU nationals will use to apply for permanent residency after Brexit in a bid to break the divorce talks deadlock

http://www.express.co.uk/news/politics/877005/Hilary-Benn-Labour-Michel-Barnier-MPs-Commons-Brexit-committee-meeting

Under the proposals EU citizens in the UK will have ¨around two years¨ from Brexit day to apply for the new settled status online, although those who miss the deadline will be treated ¨proportionately¨ and not simply kicked out.
Previous suggestions that European nationals would have to provide extensive documentation about health insurance, work status and their travel history whilst living in Britain have also been scrapped to create a more stress-free process

Officials also say there will be a "principle of evidential flexibility" - codeword for giving EU nationals the benefit of the doubt over their word - but there is no mention of a role for the ECJ in settling disputes which is a red line for Brussels.
Home secretary Amber Rudd said: "We have been clear that EU citizens living in the UK make an enormous contribution to our country and we want them to stay.
"Applying for settled status will be a streamlined, low cost, digital process and EU citizens are being consulted on its design to ensure it is user-friendly.