Fortune and Freedom

cricidmuslibale

Alexland said:

cricidmuslibale said:

Ed Davey, the present Liberal Democrat leader, is by all accounts a gentle and kind man who is usually pretty honest about most things.

He strikes me as the type of well intending fool who would advise us to put all our money into easy access cash ISAs. At least Nigel's bad financial advice will be interesting and dangerous...

To be fair to Ed Davey, I don't think he's quite that daft to suggest saving in easy access cash ISAs at the moment. What he might well encourage though is investing money in anything that is genuinely green and environmentally friendly. Mr Davey is known for being a fervent supporter of all sensible (and perhaps some less sensible) ways of trying to stop catastrophic climate change.

Thrugelmir

Reaper said:

And 10 days ago in an interview he said a no-deal Brexit will make the UK £9bn richer from tariffs alone. 

If the UK trades on WTO tariffs. The tax take will flow to the Treasury, this money can then be redistributed. There's two sides to every coin. 

Reaper

Thrugelmir said:

Reaper said:

And 10 days ago in an interview he said a no-deal Brexit will make the UK £9bn richer from tariffs alone. 

If the UK trades on WTO tariffs. The tax take will flow to the Treasury, this money can then be redistributed. There's two sides to every coin. 

You are assuming one way traffic. The EU will automatically impose tariffs on UK goods, damaging British exports. On top of that the EU negotiated tariff free trade with some other countries (eg Canada, Korea) which will no longer apply until/unless renegotiated (maybe some have, I gave up trying to follow every detail a while ago).

It will also make goods more expensive for UK consumers.

The minor UK tariffs on EU goods is not free money. 

aroominyork

It's clever by Farage. There are probably millions of people who have money they could invest but have no idea how to do so, and will think "finally here's someone I can trust to show me how to invest." Hopefully it will end up in tears for Farage and not for his clients, but he may have identified a gap in the market.

NottinghamKnight

Reaper said:

Thrugelmir said:

Reaper said:

And 10 days ago in an interview he said a no-deal Brexit will make the UK £9bn richer from tariffs alone. 

If the UK trades on WTO tariffs. The tax take will flow to the Treasury, this money can then be redistributed. There's two sides to every coin. 

You are assuming one way traffic. The EU will automatically impose tariffs on UK goods, damaging British exports. On top of that the EU negotiated tariff free trade with some other countries (eg Canada, Korea) which will no longer apply until/unless renegotiated (maybe some have, I gave up trying to follow every detail a while ago).

It will also make goods more expensive for UK consumers.

The minor UK tariffs on EU goods is not free money. 

That's a non sequitur and quoting out of context. The first line is incorrect, the rest of the post is probably correct but doesn't necessarily affect the post you quoted, not directly at last.  

masonic

Thrugelmir said:

Reaper said:

And 10 days ago in an interview he said a no-deal Brexit will make the UK £9bn richer from tariffs alone. 

If the UK trades on WTO tariffs. The tax take will flow to the Treasury, this money can then be redistributed. There's two sides to every coin.

"Redistributed" to their mates and party donors. In exchange for a few packs of bin liners with arm and neck holes cut into them no doubt. I suppose it is the only tax rise they will get away with given their manifesto promises. What a costly way to introduce a new tax.

Sailtheworld

Thrugelmir said:

Reaper said:

And 10 days ago in an interview he said a no-deal Brexit will make the UK £9bn richer from tariffs alone. 

If the UK trades on WTO tariffs. The tax take will flow to the Treasury, this money can then be redistributed. There's two sides to every coin. 

It sounds both unlikely and inefficient that tariffs (paid for by consumers) would be received by government and then redistributed back to the same consumers.

Another_Saver

aroominyork said:

It's clever by Farage. There are probably millions of people who have money they could invest but have no idea how to do so, and will think "finally here's someone I can trust to show me how to invest." Hopefully it will end up in tears for Farage and not for his clients, but he may have identified a gap in the market.

Frankly I have no care left for anyone who takes Farage (to rhyme with garage) seriously, good riddance to their savings. The people who got us in this mess ought to pay for it somehow. I just hope their inevitable losses if they act on his "advice" end up flowing my way. In most cons and scams the one duped is the one who pays for their stupidity, but with this they've forced it on the rest of us.

To be clear I'm talking about people who take Farage seriously, not the majority of voters on either side.

Albermarle

This is the company behind it .
https://www.southbankresearch.com/
Southbank Investment Research Limited issues regulated content and publishes unregulated products and is authorised and regulated by the Financial Conduct Authority. FCA No 706697 https://register.fca.org.uk/
 Nigel is just one of a number of 'financial experts ' offering 'investment insights ' Such as overlooked high growth shares, various different trading strategies to beat the market etc. Trading in new Crypto currencies for example.
I am surprised he has got involved with this murky world as it will almost certainly backfire on him some at some point , when enough 'ordinary people' lose their life savings due to their belief in Mr Brexit .

snooloui

Another_Saver said:

aroominyork said:

It's clever by Farage. There are probably millions of people who have money they could invest but have no idea how to do so, and will think "finally here's someone I can trust to show me how to invest." Hopefully it will end up in tears for Farage and not for his clients, but he may have identified a gap in the market.

Frankly I have no care left for anyone who takes Farage (to rhyme with garage) seriously, good riddance to their savings. The people who got us in this mess ought to pay for it somehow. I just hope their inevitable losses if they act on his "advice" end up flowing my way. In most cons and scams the one duped is the one who pays for their stupidity, but with this they've forced it on the rest of us.

You hope people get defrauded because they voted differently? Oh dear.