FTSE rising whilst prospect of FTA seems to be fading

Alexland

BananaRepublic said:

I think they are hoping it might be Paris...
Ps. Merry Christmas everyone.

Or in Frankfurt. 

Maybe once before the scaling back at Deutsche Bank. Some good analysis of UK and EU passporting approach at https://encompass-europe.com/comment/life-beyond-passporting-for-post-brexit-financial-services

csgohan4

Then you have Scotland and Wales crying foul of the original deal. Well they can of course negotiate with the EU themselves, they are under no obligation to offer anything to be honest.

There's a difference between hoping for X when the UK has no trump card at all. The UK is a small country in comparison to the EU as a whole.  So unrealistic expectations from the UK and the devolved nations. 

You can't keep rolling a referendum until you get the result you want, get over it and move on. 

Alistair31

BananaRepublic said:

Thrugelmir said:

BananaRepublic said:

Sailtheworld said:

John464 said:

All I know so far is this will be a deal that puts up barriers to trade we haven't got now

A vote to leave the EU was a vote to make trade with the EU more difficult. This was known when we stepped into the polling booths on referendum day.

Perhaps the most surprising aspect of this deal is the apparent lack of a payment for EU access. 

Works both ways.  Tariffs as in import duty would be a payment. The broader WTO rules govern what is permissable or not. Access charges would be illegal. 

I don’t understand your post. Norway, Switzerland and Liechtenstein all pay for access to the EU markets, Norway pays a fortune albeit roughly 100 Euros per person per year which is on a par with the UK contribution. 

It is conceivable they allowed for the fact that we are a net importer of EU products excluding services. 

In 2018 the ONS has U.K. gross contribution at £20bn, which is £301 per person per year. Where does your 100 Euros figure come from? 

Even after abatement the figure is way above 100 euros 

Chickereeeee

I wonder where we are with the final EU 'divorce bill' (£39, 50 or 100 billion, depending what you read) for stuff we had comitted to? Some time back we weire threatening not to pay it if there was no deal, but i guess we will, now.

Another_Saver

Ah Brexit, bringing people together since 2016...

Sailtheworld

BananaRepublic said:

Sailtheworld said:

John464 said:

All I know so far is this will be a deal that puts up barriers to trade we haven't got now

A vote to leave the EU was a vote to make trade with the EU more difficult. This was known when we stepped into the polling booths on referendum day.

No it wasn’t. There may have been many reasons to favour Brexit, but arguably the key one was to escape from ever increasing political and economic union with the EU. An increase in trade friction was an inevitable side effect. Frictionless trade at any price is not desirable. 

You're completely agreeing with me. A vote to leave the EU was a vote to make trade with the EU more difficult. Of course those voting to leave thought the potential benefits would be worth it. 

Bobziz

Sailtheworld said:

BananaRepublic said:

Sailtheworld said:

John464 said:

All I know so far is this will be a deal that puts up barriers to trade we haven't got now

A vote to leave the EU was a vote to make trade with the EU more difficult. This was known when we stepped into the polling booths on referendum day.

No it wasn’t. There may have been many reasons to favour Brexit, but arguably the key one was to escape from ever increasing political and economic union with the EU. An increase in trade friction was an inevitable side effect. Frictionless trade at any price is not desirable. 

You're completely agreeing with me. A vote to leave the EU was a vote to make trade with the EU more difficult. Of course those voting to leave thought the potential benefits would be worth it. 

What are the benefits and when do they begin ? Genuine question, as I've struggled to find the answers. What I've heard so far is the control and sovereignty things, but I'm keen to understand how they will translate into a better standard of living for the majority. Any objective evidenced based thoughts would be much appreciated.

masonic

Bobziz said:

Sailtheworld said:

BananaRepublic said:

Sailtheworld said:

John464 said:

All I know so far is this will be a deal that puts up barriers to trade we haven't got now

A vote to leave the EU was a vote to make trade with the EU more difficult. This was known when we stepped into the polling booths on referendum day.

No it wasn’t. There may have been many reasons to favour Brexit, but arguably the key one was to escape from ever increasing political and economic union with the EU. An increase in trade friction was an inevitable side effect. Frictionless trade at any price is not desirable. 

You're completely agreeing with me. A vote to leave the EU was a vote to make trade with the EU more difficult. Of course those voting to leave thought the potential benefits would be worth it. 

What are the benefits and when do they begin ? Genuine question, as I've struggled to find the answers. What I've heard so far is the control and sovereignty things, but I'm keen to understand how they will translate into a better standard of living for the majority. Any objective evidenced based thoughts would be much appreciated.

If you can get over the origin of this report, it outlines the potential benefits. It will be interesting to see, when the detail of the deal is known, to what extent these benefits can be realised: https://woodfordfunds.com/economic-impact-brexit-report/

Another_Saver

I'm bored of hearing people say what either vote means. To reduce our diplomatic, security, trade, intelligence, agriculture, waters, cultural, tourism, education (etc) relationship with the rest of Europe to in/out is like asking people if they like tea or coffee and then saying a vote for tea is a vote for putting the milk in first, two sugars and cream instead of milk, or a vote for coffee can only mean a vote for a double Grande skinny almond latte with chocolate sprinkles and eggnog (both of which are contradictions anyway). There can be more than two sides to something.

Thrugelmir

Bobziz said:

Sailtheworld said:

BananaRepublic said:

Sailtheworld said:

John464 said:

All I know so far is this will be a deal that puts up barriers to trade we haven't got now

A vote to leave the EU was a vote to make trade with the EU more difficult. This was known when we stepped into the polling booths on referendum day.

No it wasn’t. There may have been many reasons to favour Brexit, but arguably the key one was to escape from ever increasing political and economic union with the EU. An increase in trade friction was an inevitable side effect. Frictionless trade at any price is not desirable. 

You're completely agreeing with me. A vote to leave the EU was a vote to make trade with the EU more difficult. Of course those voting to leave thought the potential benefits would be worth it. 

What are the benefits and when do they begin ? 

People neeed to take responsibility for their own destinies. Wealth is created through hard work and increased productivity.  Start by buying British goods and services.