Brexit the economy and house prices part 7: Brexit Harder

SpiderLegs

borntobefree wrote: »

No they wouldn’t want JC as leader - suggestions I’ve heard discussed are Hilary Benn or Yvette Cooper.

On what planet will the labour party approve one of their own backbench MPs to become PM over their own leader?

Not this one I’m afraid.

Tromking

borntobefree wrote: »

Maybe Remainers have a better understanding of a no deal?

.......or a more fevered imagination perhaps?

mayonnaise

buglawton wrote: »

Is it my imagination or is most of the emotional rhetoric in this thread coming from Remainers?

borntobefree wrote: »

Maybe Remainers have a better understanding of a no deal?

This.

Also, as remain voters are more likely to be in work (*), an economic downturn would be more relevant to remainers than to leavers whose main daily interaction with the wider economy is buying a scratchcard and a pot noodle in the local Nisa.

(*) Lord Ashcroft Polls

A majority of those working full-time or part-time voted to remain in the EU; most of those not working voted to leave.

https://lordashcroftpolls.com/2019/03/a-reminder-of-how-britain-voted-in-the-eu-referendum-and-why/

movilogo

Poll suggests MORE people now want to leave the EU than after the referendum: 57 per cent of voters now want Brexit in some form and 28 per cent want to get out with NO DEAL at all

https://www.dailymail.co.uk/news/article-7182805/Poll-finds-57-cent-voters-believe-Britain-leave-EU.html

SouthLondonUser

adindas wrote: »

One of the EU financial institution backbones
Deutshce Bank share price has fallen from EUR120.00 to EUR 6.00. This bank has been under the spot for huge amount of toxic derivatives.

Are you the same person who kept banging on Deutsche Bank and its toxic derivatives earlier on in the thread?
You give me the impression of copying headlines you don't really understand. Could you please prove me wrong by explaining, in your own words, what a derivative is, what makes it toxic, and how that is relevant in the context of Brexit?

I also don't understand your line of thinking: the EU is a sinking ship because the shares of its banks have been plummeting? is this what you are saying? Then, by the same logic, what should one conclude about RBS and what that means for the UK? Could you please explain?

adindas wrote: »

EU shocked as investment in Britain booms - and beats France and Germany combined.

This is THE LINK

Let's see what the professional firm Deloitte has to say about that, shall we?

https://www2.deloitte.com/uk/en/pages/press-releases/articles/power-up-uk-inward-investment-report.html
[...]
Yet as the UK nears its departure from the European Union there are some major issues that need to be addressed in order to maintain the country’s status as one of the world’s most popular FDI destinations. Whether that’s the ability to access the best talent or safeguard supply chains, uncertainty around Brexit could threaten the UK’s current high standing. It is how government and business adapt and respond to this change that will shape the UK’s future economic strength and success.

Can you honestly say that what is happening in British politics is addressing the major issues etc etc? We are approaching a no-deal Brexit. The next PM won't be appointed before a month. Between the summer recess and the conference season, there isn't exactly much time left. Boris keeps being extremely ambiguous and keeps contradicting himself. Carney and other eminent experts have rubbished his claims about how to avoid tariffs. I don't find any of this particularly promising, do you?

SouthLondonUser

movilogo wrote: »

Poll suggests MORE people now want to leave the EU than after the referendum:

The Daily Mail reports pro-leave polls.
The Guardian says we are now a remain nation.

How surprising...

However, if you look at the share of the votes at the recent EU elections
https://www.bbc.co.uk/news/uk-politics-48403131
well,

The clearly pro-EU parties (Lib Dems, greens, SNP, Plaid Cymru, Change UK) got 40.4% of the votes

The clearly pro-Brexit parties (Brexit + UKIP) won 34.9% of the votes

Labour 14.1%. Tories 9.1%. I don't know how to split the Labour and Tory votes between remainers and brexiters. But the fact that the clearly pro-Brexit parties have NOT won a larger share of the votes than the clearly pro-Remain parties is, IMHO, very telling.

mayonnaise

movilogo wrote: »

Poll suggests MORE people now want to leave the EU than after the referendum: 57 per cent of voters now want Brexit in some form and 28 per cent want to get out with NO DEAL at all

https://www.dailymail.co.uk/news/article-7182805/Poll-finds-57-cent-voters-believe-Britain-leave-EU.html

Some 16 per cent are in favour of a softer Brexit and 43 per cent want to stay

As you guys keep banging on about how a soft brexit is actually remaining, we can rewrite the headline:

59 per cent of voters now want to Remain in some form

:T

movilogo

The Daily Mail reports pro-leave polls.
The Guardian says we are now a remain nation.

... which kind of implies overall no change in public sentiment. Half wants to leave and half wants to stay (give or take few % either side).

Zero_Gravitas

Andrea Leadsom talking to the BBC this morning.

https://www.bbc.co.uk/news/live/uk-politics-parliaments-48746427

“11:39
Leadsom: No confidence 'only way' to stop no deal

BBC Politics Live
BBC2's lunchtime political programme
During a discussion over whether Parliament could stop a no-deal Brexit, Mrs Leadsom says the Commons has already had its say and needs to move forward.

But pushed further, she says the "only way" MPs can stop no deal by default if nothing else is agreed is via a vote of no confidence in the government - something she admits is a "possibility".

"But the reality is there are a huge amount of people in the House of Commons who want to abide by the vote of 17.4 billion people to Leave," she adds.

Asked whether Boris Johnson will definitely leave the EU by 31 October, she says "nobody has a crystal ball" and "things can get in the way", but her preferred candidate is "determined" and "quite clear we will leave at the end of October come what may".”

17.4 billion? Even by leaver standards, that’s a whopper

adindas

SouthLondonUser wrote: »

Are you the same person who kept banging on Deutsche Bank and its toxic derivatives earlier on in the thread?
You give me the impression of copying headlines you don't really understand. Could you please prove me wrong by explaining, in your own words, what a derivative is, what makes it toxic, and how that is relevant in the context of Brexit?

I also don't understand your line of thinking: the EU is a sinking ship because the shares of its banks have been plummeting? is this what you are saying? Then, by the same logic, what should one conclude about RBS and what that means for the UK? Could you please explain?



Let's see what the professional firm Deloitte has to say about that, shall we?


Can you honestly say that what is happening in British politics is addressing the major issues etc etc? We are approaching a no-deal Brexit. The next PM won't be appointed before a month. Between the summer recess and the conference season, there isn't exactly much time left. Boris keeps being extremely ambiguous and keeps contradicting himself. Carney and other eminent experts have rubbished his claims about how to avoid tariffs. I don't find any of this particularly promising, do you?

The scale of financial problem in Deutsche bank is much worse than RBS.

The share value of EUR 160 to EUR 6 in just a few year is really huge.

Too big too fail.
who want to bail the Deutsche bank out ? EU taxpayers.