Jump to content
House Price Crash Forum

Confusion of VIs

  • Posts

  • Joined

  • Last visited

Everything posted by Confusion of VIs

  1. Only incorrect by your reading of the treaty articles, which does not take words like superseded and guarantee at face value - your cynicism may be justified but we would need a crisis and rooms full of EU lawyers to find out. Actually it won't be solved by Brexit as the ESM/EFSF operates in conjunction with the IMF, so if we don't pay one way we will the other.
  2. How huge is it. As long as our total payments net payments to the EU remain significantly below the benefit we get from being in the single market, I don't have a problem with assisting poorer areas to modernise.
  3. I don't know and to be honest don't have the inclination to find out, however I assume we would have a say in setting up whatever mechanism is used to repay the overcompensated money. Failing that we could add it to the debit column when we come to working out our leaving payment.
  4. Spookily when I looked at this the banner ad displayed was for a BTL mortgage at 1.5% Is the thread topic used to target advertising.
  5. It is still in force because there are still a number of outstanding loans. However it has been superseded by the ESM in respect of any new calls from Euro countries for loans. If you wanted to split hairs, it can still agree to extended repayment terms on the existing unpaid loans.
  6. To be fair, in Scotland being able to speak Polish is probably more useful than Gaelic.
  7. My knowledge of this is limited but my understanding is that the EFSM is no longer available for new loans to Euro members and that future requests will go to the ESM which consists of only the Euro states. Also I think that so far all of the loans made by the ESFM have either been repaid or are on course to be repaid, at significant profit to the lending countries. Edit found what I referred to above: From 2013 the EFSM and EFSF will be permanently replaced by a €500bn European Stability Mechanism. This will be financed by guarantees from eurozone countries only, so it will not involve any liability for the UK.
  8. Your point of view is clear to all, but incessantly repeating it does not make it right. As I have also repeated, the UK has a centuries old tradition of adhering to international agreements and the rule of law that will not stop just because the EU exit negotiation get a bit tricky. Naturally we have lots of commitment arising from the many EU treaties we entered into but we did this freely as a sovereign Nation and when the bill arrives we will jut suck it up.
  9. In polling conducted a couple of weeks before the vote IIRC over 40% of the people who planned to vote leave gave this as their primary reason for their decision.
  10. negotiate our own trade deals. This argument is a red herring - If we enter into a trade deal that gives us preferential access to another countries market we will have to accept restrictions on making further deals with other countries; so as to prevent the UK being used as a back door into our trade partners markets (and vice versa). The more deals we enter into the more complex and difficult it becomes to square this circle. The EU single market is the largest, richest and deepest free trade area in the world. It has taken +50 years to develop and is still far from finished with respect to services. The reason we cannot negotiate our own deals with countries outside the EU is that any deal we did with a third party would affect the other 27 states. This logic follows whether we are in or out of the EU. Also it is naïve to think that we will be able to negotiate anything even remotely equivalent with the rest of the world, even if we spend the next 50 years trying. have an emergency brake on immigration; I understand we will be offered this as part of a deal to stay within the single market/EU (I have posted why previously). buy foods and basic commodities at world prices without EU tariffs; This cannot happen (for the reasons above) if we develop trade deals with any other country that doesn't allow tariff free trade of food/commodities; I cannot think of any of the top of my head. control access to our fish stocks; ​fish swim around and have little respect for national borders. Also we have sold most of our Quotas, I have no idea about the legalities (compensation?) around getting them back have a more sensible agricultural subsidy system; Yes but we could have this in the past, where it not for a combination of the lobbying by the major land owners (no sign off that changing) and inept negotiation by Tony Blair. eventually we should save on direct budget contributions; Yes but absolute peanuts compared with the likely loss of GDP caused by Brexit. we are not jointly liable for EU debts. We are not currently liable via our EU membership, although if TSHTF we could be via our IMF membership so leaving the EU does not actually change this.
  11. 1. My view is that the concept of having "control of our own destiny" is out dated in what is an increasingly interconnected world. We will still be bound by dozens of international treaties and obligations arising from our member ship of the likes of the IMF, NATO, EEA (perhaps) and of course any new trade agreements we make. For a parallel just think how we all laughed at the Scots Nats desperation to be free of the English just so they could be told what to do by the EU. 2. I read uk.gov and am still none the wiser. The second link sort of sums up my point 3. No but it is clear that for a large number of Brexit supporters they are.
  12. Me too. Shouldn't forget though the UK was a (possibly the)major force behind expansion.
  13. I think it's a bit extreme, but at least your position is understandable and defensible.
  14. You seem completely unable to understand any of my posts. They are not inherently positive or negative just pointing out the reality of the situation we have put ourselves in and asking if any of the Brexit supporters could say why they think it will all be worth it in the long term. I would be prepared to accept short/medium term pain, if there was a credible vision describing where we are going and why it is worth the pain of getting there; unfortunately there is still absolutely no sign of this. However, despite this you are convinced it is the right thing to do, which rather confirms my point that for a lot of the Brexiteers their position is an expression of faith rather than the result of any rational decision making process.
  15. Well you wouldn't want them to have to live in Zone 4 or 5 would you.
  16. Not sure about that, ignorance of the law is no defence but ignorance of the facts (because your LL didn't tell you) sounds different.
  17. At the moment I think politics is a bit like Quantum Mechanics, in that if you think you understand it you don't. I couldn't even begin to guess how this will play out in the 2020 GE. However, I am pretty sure that by then a good proportion of that 56% will be very annoyed either because Brexit has not been delivered or is the wrong sort of Brexit.
  18. Where do I say any of that. However, I would expect the Brexit leaders to be able to produce a credible vision of where they leading the country and what makes them think it's better than the available alternatives. In fact they should have stated this before the referendum instead of cynically leaving the nation to vote on an undefined concept of Brexit. By evidence perhaps some studies that support the claims that are being made about our apparently rosy free trading future and why losing membership of the single market will not reduce our trade with the EU. Currently accepted thinking would be that even if we get a free trade deal the non tariff barriers (lack of free movement, differences in regulation etc.) will hinder cross boarder trade and production. Airbus and Nissan have already warned that without membership of (not access to) the single market it will be difficult to justify continued production in the UK. Perhaps there are studies that would allay those fears - if so where are they. A good proportion, maybe most, of the Brexit voters expect us to retain membership of the single market without FoM. What happens if this cannot be delivered, or even worse in some Brexiteers eyes (Davis and Fox perhaps) what happens if it is on offer. However, we go forward the Brexiteers will not be a happy united band. I predict cries of treachery even before we invoke article 50. As to taking years to sort out, that's what I have been banging on about. Leaving will be massively complicated, probably the biggest legal gravy train of all time - today's estimate in the times was £5bn. There is not a cat in hells chance of us even agreeing what out is, never mind being out, by 2020; which should make for an interesting General Election. For most of its supporters Brexit seems to be an act of faith, rather than rational calculation, which I think will make them react even more strongly when they don't get what they think they have been promised. Finally Re. forecasts: As we lack crystal balls, while far less than perfect they are the only method we have of assessing the impact of any course of action, including Brexit.
  19. If it comes to that I think you need professional help.
  20. That's pretty much the position at the moment. Leaving the EU means we are free to make any future changes without reference to the EU. It's up to us what we keep of the present laws, whether initiated by us, other members of the EU or us via the EU. That's the debate no doubt currently going on between Boris, Davis and Fox (ferrets in a sack comes to mind).
  21. Sounds ridiculous, how would a tenant know their landlord is abroad and where has this rule been publicised. What's the agents responsibility in this.
  22. making Not as such. The relevant legislation enables EU agreements/directives to be incorporated into British law. Repealing this legislation stops further development of the union but would not in itself change the current position. The task of extracting ourselves from the EU (if by that you mean undoing all of the EU related laws) requires the unpicking of 40+ years of UK lawmaking.
  23. The Freddo Frog inflation index beats HPI, gone from 5p to 25p in 12 years.
  24. I doubt that enough of the Brexit inflation has arrived yet to impact upon today's figure. According to Bloomberg this morning the inflation from the 12-13% drop in value of the £ will only amount to an extra 1% of inflation (sounds low to me).
  25. They will be cut for non nationals - in fact if we had voted to stay in they could have been cut by now as part of Cameron's deal.
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.