Brexit the economy and house prices part 7: Brexit Harder

SouthLondonUser

Tromking wrote: »

As a voter in the U.K. I vote for an individual lawmaker that almost always is member of a political party.

The political party that wins most seats has an agenda that has a mandate from the people and enacts it in full sight of the British people and Her Majesty’s Opposition. That political legitimacy does not exist with EU lawmakers in the Commission.

Why? Simplifying, the main parties in the EU legislative process are:

• the European Parliament
• the European Council, i.e. the heads of governments of the member countries, and
• the EU Commission, whose members are proposed by the EU Council and elected by MEPs

I have had countless discussions where it was clear that Brexiters criticising the alleged undemocratic nature of the EU and the limited powers of MEPs failed to realise that the other entities in the equation are not unelected bureaucrats, but the national governments of the member states (see above). If you are unhappy with what your national government did or didn't do with respect to certain EU matters, you can vote accordingly at the next national elections. What is wrong or undemocratic about that??


Were you under the same, false, impression? If so, you were wrong. If not, please clarify where you think the lack of political legitimacy comes from.


It is really ironic that many Brexiters think along these lines. What would be an alternative? More power to MEPs and less power to the EU Council, i.e. to national governments? Sure, that would be an option, but that would be an option towards the ever closer political integration which Brexiters loathe so much! Is that what Brexiters would prefer? I don't get it!!!

Thrugelmir

melanzana wrote: »

People need to really think about NO DEAL Brexit.

The EU is going to account for around 4% of global trade in 2019. Not only is the UK losing influence. The world is changing. Trump in some regards is spot on with the direction that events are heading. Affluence is moving East.

The structure of Euro is a major issue. Though as an ill-conceived project that must be preserved at all costs. It ultimately will test the resolve of the participating members. Unless Germany redistributes the spoils.

SouthLondonUser

Source for the 4%? It was about 15ish % in 2016 http://www.europarl.europa.eu/news/en/headlines/economy/20180703STO07132/the-eu-s-position-in-world-trade-in-figures-infographic

Not to mention that distance matters - you always trade more with your neighbours

Theophile

cogito wrote: »

90% of EU legislation takes the form of directives and regulations

cogito wrote: »

It might not be 90% but it’s a large majority.

You just pluck a figure out of the air and hope nobody will notice, don't you?

mayonnaise

SouthLondonUser wrote: »

Source for the 4%? It was about 15ish % in 2016

No source.
Fake news.

scarlettsmith694

According to the Uk stock market news and research, the US should lobby for hard brexit.
This makes a trade with the UK much easier.
No deal Brexit is it broadly affects the EU and UK. And Brexit pushes sterling to low against dollar.

Spiv_2

A taste of things to come.


The City produces about £80 billion in taxes.

Brexit Hardens EU’s Stance on Switzerland Amid Stock Trading Row

https://www.bloomberg.com/news/articles/2019-06-18/brexit-hardens-eu-s-stance-on-switzerland-amid-stock-trading-row

Swiss ready to retaliate against EU over stock market access

ZURICH (Reuters) - The Swiss government said on Monday it was ready to ban stock exchanges in the European Union from trading Swiss shares - intensifying a row over a stalled partnership treaty.
The move follows the EU not extending stock market equivalence to Switzerland after Brussels grew frustrated with Swiss footdragging on the long-discussed agreement.
In response Bern said it would withdraw recognition from trading venues in the EU from July 1 to “protect the Swiss stock exchange infrastructure in the event of non-extension.”
“Trading venues in the EU would thus be prohibited from offering or facilitating trading in certain shares of Swiss companies from that date,” the Swiss government said in a statement.

https://www.reuters.com/article/us-eu-switzerland-exchanges/swiss-ready-to-retaliate-against-eu-over-stock-market-access-idUSKCN1TP1IY

lisyloo

So what happens if we have a no confidence vote and enough Tories vote for it
https://www.bbc.co.uk/news/uk-politics-48742881

Do we then have a chaotic no deal by default or would we likely get another extension?

SouthLondonUser

Well, the default outcome would be a no deal Brexit, regardless of what British MPs want. Whether that is avoided depends on whether the EU will be willing to grant yet another extension. Get your crystal ball out.

cogito

Spiv wrote: »

https://www.bloomberg.com/news/articles/2019-06-18/brexit-hardens-eu-s-stance-on-switzerland-amid-stock-trading-row

https://www.reuters.com/article/us-eu-switzerland-exchanges/swiss-ready-to-retaliate-against-eu-over-stock-market-access-idUSKCN1TP1IY

It's also likely that the Swiss will stop daily cross border workers with those from two of the poorest French departments - Ain and Haute-Savoie being hardest hit.