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cashinmattress

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Posts posted by cashinmattress

  1. 2 hours ago, localhero1983 said:

    Stay, leave, Brexit is now one big f*** up of our own making, too many people with too many objectives and worst still too many people playing politics with it. One good thing that will come out of this as far as I am concerned, this will be the trigger that causes a property crash though it will not be the cause.

    I wouldn't bet on that.

    Have you informed the 25 million home owners in the UK that they should be accepting lower offers for their property because the political establishment is in meltdown?

    If one thing's for certain... from this website...  predicting a house price crash has been wrong is impossible and most punters will eat their hat in attempting to do so.

    Once we get to 2025 the demographics of this country may have an impact, other than that... everything else can be fudged and cello-taped over.

  2. 6 minutes ago, GrizzlyDave said:

    ... brexit win ...

    Genuinely curious to understand how you Brexit supporters define this bill as a 'win' for the UK? A phyrric 'win' it is, yes.

    Essentially nothing has changed with this draft transition agreement in the short to mid term.... mid term likely being the rest of our lives on the chance it passes.

    It will more than likely fail.

    I don't see anything except capitulation and a declaration of Britain's inability to negotiate... it is very plain to see that our actions cannot match our words.

    The EU and indeed the world of commerce have a massive advantage here, always did.

    Britain is by no mean in a position to demand anything now.

    It will be even more so now that we've played our card.... in my opinion both badly and too early.

  3. 17 minutes ago, Roman Roady said:

    REALLY?

    What a calm considered and intelligent insight you have shared with us all there.

    It's your way or the highway then?

    I suspect that many of your fellow citizens voted for BREXIT just to thumb their noses at such hysterical, belligerent and intolerant world views.

     

    Brit's love the blame game; however, this political disaster is 100% British. Marvellously so.

    I was neither for nor against Brexit and have stated that many times.

    I didn't buy the for/against hype and still don't.

    I still believe it won't make any significant change in people's lives in the short to mid term.

    There may be some blips in logistics. Inflation may take a bit of wander for a while. Things may become scarce or expensive (again). Oh well, that's what you get when upending the constitution.

    It will and has impacted British society...negatively. British politics... negatively. British statesmanship... negatively. British credibility... negatively. British brand... negatively.

    Long term, who knows. But definitely with our demographic crisis, privatised and mostly foreign owned nation... we're in no position to be able to 'go it alone'. Just in light of those basic... very very basic fact.. it's been an act of pure lunacy.

    Not sure people will want to see or be able to stomach the 'sovereignty' that Britain will have to cede to get back to where we were pre-referendum. This 'deal' is just the first gentle fisting that the EU is giving us.

    Brexit is what happens when you pander to the lowest common denominator. I'll stick to my guns with that point.

    Take your false indignation and stick it up your toga.

  4. A million squid wouldn't even cover a third of a semester running costs.... even for a sh1t poly.

    Yeah... their credit is presumably finished as is their cash-flow.

    It's going to be very interesting to see the first big collapse in a university.

    Feel sorry for the students, lecturers.

    Also for the community who services and support said students.

    Not so much for the boards who've spent on bricks and not their people.

     

  5. What an unmitigated disaster.

    Sad truth is that the EU has conceded nothing and has massively gained the upper hand.

    Britain is haemorrhaging sovereignty in this 'deal' and the usual suspects on here will celebrate it as a victory.

    Furthermore, Britain is seriously undermining it's own position by provisionally accepting this 'deal'.

    It was always going to be this case.

    Folk just chose to, and still do, believe that Britain was a powerhouse in 1918 and must therefore be so in 2018.

    I think the British politico will find themselves feeling very alone in the world of geopolitics for at least a generation.

    All to appease some bigots, zealots and willy wavers in the Tory party.

    This phyrric victory won't sit well with 'proud' tourists and expats as we'll be the butt of jokes for very long time in Europe and elsewhere.

    How very embarrassing.

    In the end Brexit will be a damp squib or terminated.

    Regardless, this exercise will be forever referred to the history books as perhaps the most egregious political miscalculation and disastrous exercise in statecraft ever undertaken by an advanced democratic state.

    It's Suez on steroids.

  6. Just now, Roman Roady said:

    I am on about a cowardly exchange of liberty for temporary safety.

    I am saying we should go for the no deal; actively bring on a scorched earth...only then will we see the real green shoots so hoped for 10 years ago.

    Hmmm. No.

    How about modifying the system into one that works better for society... and not purposely salting the earth with such a radical step change.

    This is Britain.. the worlds oldest and most stable democracy.

    We're not a banana republic, although some of you seem to want to turn it into one.

  7. 5 minutes ago, Roman Roady said:

    You will still enjoy that liberty although I doubt that you will be able to afford the travel bill. Some more paper work MAY be required in the short to medium term tho.

    This Government is scared of the immediate consequences of a "no deal" exit and are willing to barter away our freedom to prolong our so called prosperity for just a while longer. They are probably justified to be afraid and personally I am expecting major changes to our way of life in the event of "no deal". I expect mass job losses leading to mass homelessness, hunger riots, curfews etc...proper state of emergency stuff! An overdue HPC will be the least of our worries in that event. However as bad as that might be I believe that leaving the EU will be good in the long term for the UK, the world is turning away from Globalization now (various statements on the under estimated consequences of global warming). Local-ism will be the way forward in a low carbon environment. We will have to get used to seasonal produce and the more exotic food stuffs will be a thing of the past. Wave goodbye to the smashed Avocado on toast! Therefore I think that the UK is actually leading the way by removing itself from the faceless superstate bureaucracies like the ...ehmm...EU.

    We will end up with a more self sufficient and balanced economy to hand on to future (and healthier) generations IMPO.

     

    What the heck are you on about?

    Since when are we a '"so called prosperous" nation?

    Feck sakes boys...

  8. 44 minutes ago, Confusion of VIs said:

    The polls had it too tight to call, well within their margin of error. Close enough for me to have put a bet on Leave.

    Subsequent analysis showed that they were very accurate in predicting how most people would vote but didn't fully capture the people who although never normally voting made it to the poll booth for the referendum.

    Leavers should be magnanimous in their collective victory.

    This is exactly what they voted for.

     

  9. Not directly brexit.... but...

    https://amp.theguardian.com/environment/2018/nov/15/uk-backup-power-subsidies-illegal-european-court-capacity-market

    Quote

    UK's backup power subsidies are illegal, European court rules

    Surprise judgment means government must halt capacity market scheme

    The UK’s scheme for ensuring power supplies during the winter months has been suspended after a ruling by the European court of justice that it constitutes illegal state aid.

    Payments under the £1bn capacity market scheme will be halted until the government can win permission from the European commission to restart it.

    The scheme subsidises owners of coal and gas power stations so the plants are ready to provide emergency backup in times of high demand. It started operating last year to ensure electricity for businesses and homes is available at peak times in winter.

    The UK has also been blocked from holding any capacity market auctions for energy firms to bid for new contracts to supply backup power in the future. One industry source said auctions planned for early 2019 now looked certain to be scotched.

    The government said it was disappointed by the judgment but insisted that power supplies were not at risk. Labour said the scheme would need to be rethought.

    On Thursday, the ECJ ruled that the European commission had failed to launch a proper investigation into the UK’s capacity market when it cleared the scheme for state aid approval in 2014.

    The ruling renders the capacity market unlawful for a “standstill period” while ministers seek state aid approval from the European commission. It is not clear how long that will take.

    The court’s surprise judgment will be an embarrassment for Greg Clark, the business secretary, who is due to give a speech on energy later on Thursday.

    Industry watchers said the decision would send shockwaves throughout the sector.

    “The consequences are absolutely huge. Immediate cessation of payments is going to have immediate consequences for electricity generators that were relying on them,” said Ed Reed, head of research at analysts Cornwall Insight.

    While electricity supplies were unlikely to be at risk, he added, households could face higher energy bills as companies seek to recoup lost capacity market revenues through wholesale power prices instead.

    “The lights are not going to go out. We certainly have enough power stations. But the consequence is the market price might go up.”

    Experts at Bernstein Research said the suspension of payments would hit earnings at British Gas owner Centrica, plus RWE, Uniper and SSE.

    Sara Bell, founder and CEO of Tempus Energy, which started the challenge in 2014, said: “This ruling should ultimately force the UK government to design an energy system that reduces bills by incentivising and empowering customers to use electricity in the most cost-effective way – while maximising the use of climate-friendly renewables.”

    The company believes that the capacity market favours fossil fuel generation at the expense of alternative ways of securing electricity supplies, such as “demand side reduction”, where companies reduce electricity demand at times of need.

    The winter of 2017/18 was the first year the capacity market was in effect, with companies due to receive £0.99bn for 2018/19. More than half of that is still yet to be paid this winter.

    The scheme works by energy companies bidding years in advance for billpayer-funded subsidies to provide backup power at crunch times during winter.

    Labour said the ruling meant that the government would have to rethink the capacity market.

    Alan Whitehead, shadow energy minister, said: “This judgment effectively annuls previous state aid permission to provide subsidies for existing fossil fuel power plants. I have long criticised this bizarre arrangement, which simply throws money at old dirty power stations.”

    A spokesperson for the Department for Business, Energy and Industrial Strategy said: “As a responsible government, we have prepared for this outcome, and we will be working closely with the commission to seek state aid approval so that the capacity market can be reinstated as soon as possible.”

     

  10. What a glorious headline..

    https://www.thedailybeast.com/theresa-mays-government-in-death-spiral-over-brexit-deal-after-key-resignations?ref=scroll

    Quote

    Theresa May’s Government ‘F*cked in Every Hole’ as Brexit Deal Tanks, Ministers Resign

    After months of work, the PM presented her EU divorce plan Wednesday. By morning, her ministers were dropping like flies.

    ...

    blah

     

  11. https://nordic.businessinsider.com/ubs-uk-recession-after-no-deal-brexit-2018-11?r=US&IR=T&

    Quote

    UBS: A UK recession and pound-dollar parity are on the horizon, and Brexit risks are rising 'literally' by the minute

    Swiss bank UBS warns that the rising likelihood of a no-deal Brexit as Prime Minister Theresa May's deal unravels could see the UK fall into recession next year.

    "The risks of a more disorderly situation around Brexit are, literally as we speak, increasing," UBS' John Wraith said on Thursday morning.

    Such an outcome could force the UK into both a recession and see the pound fall close to parity with the US dollar. That would be a near 20% drop from today's level.

    The pound has dropped more than 1.5% against the dollar on Thursday after key government resignations spooked investors.

    Indeed. This is a complete sideshow.

    Kill Brexit and get the UK back on top of the league tables.

  12. 1 minute ago, hotblack42 said:

    There's a lot of bravado on the European side of this.  All this talk of them holding all the cards is B*ll*cks.
    1. Demand for German ego-mobiles in tick is tanking and will continue to.
    2. We can and will fire on fishing vessels who persist in stealing fish from waters we are about to regain our monopoly over.
    3.  The big one.  When a PIIG finally pops irrecoverably and emergency aid is needed or even war..  "Not our problem, we are not it your club any more so neither have the rights or the responsibilities" - this is why I reluctantly voted leave.

    You're very self deluded. Fire on fishing vessels? I'm an ex-navy man.

    And horses1t on your hard-on for war in Europe.

    You sir are an utter fool.

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