Brexit the economy and house prices part 7: Brexit Harder

Thrugelmir

phillw wrote: »

Your point is unclear, bendy bananas was a myth.

..............

Commission regulation 2257/94 decreed that bananas in general should be “free from malformation or abnormal curvature”. Those sold as “extra class” must be perfect, “class 1” can have “slight defects of shape” and “class 2” can have full-scale “defects of shape”.

Thrugelmir

StevieJ wrote: »

'Red tape' let's have a bonfire eh? Last time that was aired was just before the Global Financial Crisis in 2007. Interestingly though, they seemed to think they could have a bonfire of the regulations even though we were still in the EU? Not all that red tape was imposed by the EU then? They also wanted to cut regulation on mortgage provision, sub-prime anyone

That's financial regulation not business regulations.

For the record the UK conducted the MMR before the EU directive.

gfplux

kabayiri wrote: »

Personally, I believe that should a No Deal / default exit take place, there will be a jolt to the system, followed by a new resolve to make things work.

A default exit does not preclude further negotiations.

There may even be stakeholders who will feel they have more of a voice to bring to the table. You wouldn't expect German auto makers or Spanish fruit producers to just give up with a shrug. Likewise with UK business.

At some point, the politics will have to make way for real people to do what they are good at...which is doing business.

Trade deals are just like any deal. After Brexit “with a deal” Britain will sit down opposite a group of 27 countrys to negotiate. If there is a NO DEAL those 27 countries sitting opposite will be very upset, financially damaged and angry with Britain. Lost sales will mean production mothballed and workers laid off for months if not years.

phillw

Thrugelmir wrote: »

..............

Right, you are perpetuating the myth.

All they are saying is that extra class, class 1 & class 2 bananas mean something. You are free to sell bananas that do not meet any of those classes.

We had banana class systems before the EU (IIRC it was based on our existing regulations). So yeah, keep pushing that agenda. It just would have been nice to know what the referendum result would have been without all these insidious lies about the EU.

kabayiri wrote: »

Personally, I believe that should a No Deal / default exit take place, there will be a jolt to the system, followed by a new resolve to make things work.

Everyone agrees with that.

It's the impact of the jolt and which party would have the greater resolve to make it work that is at question.

People who want no deal think we'll be in a stronger position, the rest think we would be in a much weaker position. Nobody in the former camp can provide any clear thought process why they believe that & resort to appealing to dunkirk spirit and stiff upper lip, while people in the later use the hated experts and facts to support their ideas.

What people fail to remember is that dunkirk was a massive defeat which was bailed out by the people as the government were unable to sort it out. Which doesn't sound so appealing, especially when you consider that the solution to dunkirk was immediately obvious and fast to implement. Which is quite unlike what we're going through now.

Enterprise_1701C

I suggest you check a few facts about operation Dynamo.

Many of the boats were commissioned by the government and piloted by the navy. They were all inspected.

Not many took their own vessels.

Thrugelmir

melanzana wrote: »

Very few people seem to care what will happen if there is a No Deal exit.

Life will carry on. What's the big deal. The UK banking system was 48 hours away from the point of total collapse. People took ownership and found solutions. Just because politicians are clueless doesn't mean that we need to start panicking.

Filo25

Thrugelmir wrote: »

Life will carry on. What's the big deal. The UK banking system was 48 hours away from the point of total collapse. People took ownership and found solutions. Just because politicians are clueless doesn't mean that we need to start panicking.

And yet for all of our ingenuity and determination, the GFC still left a massive impact in terms of lost growth, depressed real wage growth, and the least said about the public finances the better.

It's almost as though economic shocks cause a huge impact no matter how ingenious or determined you are, you might be able to mitigate the impacts but don't expect to overcome them, no matter how much patriotic self belief you have.

wunferall

Filo25 wrote: »

And yet for all of our ingenuity and determination, the GFC still left a massive impact in terms of lost growth, depressed real wage growth, and the least said about the public finances the better.

It's almost as though economic shocks cause a huge impact no matter how ingenious or determined you are, you might be able to mitigate the impacts but don't expect to overcome them, no matter how much patriotic self belief you have.

Lessons were learned though.
Methinks similar lessons will be learned about in future entering into such restrictive "unions" too - and not just by us British, particularly if (as is hoped) we do indeed continue to prosper while the EU bumbles along on it's stagnant course.

Thrugelmir

Filo25 wrote: »

And yet for all of our ingenuity and determination, the GFC still left a massive impact in terms of lost growth, depressed real wage growth, and the least said about the public finances the better.

Did you really expect instant solutions overnight. For somebody to wave a magic wand and everything to be resolved.

Depressed wage growth is more to do with the lack of productivity. Public finances the consequence of Brown's terrible decade of economic management. While cuddling up to the likes of RBS and HBOS.

Thrugelmir

wunferall wrote: »

I suspect this is one reason why the weekend news refers to polls saying that more Britons want the UK to leave if the EU do not make concessions than those willing to accept the poor deal currently on offer.
:T

Same position as when Cameron returned with his tail between his legs. The EU has no wish to offer the UK anything. We either accept the project as it is and join the club, or we leave. There's no special friendship.