IMHAL Posted October 21, 2020 Share Posted October 21, 2020 (edited) 'Brexit is like moving house' Gove tells business in 'disastrous' conference call Ministers tell industry to brace for no-deal in “shocking, embarrassing and not constructive” call with 250 business leaders. Telegraph Gove is half right......for many people, when they have no job and they can't afford to pay the bills due to Brexit... they will be moving out of their house... Edited October 21, 2020 by IMHAL Quote Link to comment Share on other sites More sharing options...
thehowler Posted October 21, 2020 Share Posted October 21, 2020 (edited) Barnier prepping the ground for a Thursday visit...deal fudge to begin next week? It's still for Johnson to take the deal opprobrium from the hard leavers (I see Farage is cheering talk of an Oz deal) but I think he'll go for the "ooh, he got a deal after al!" panto. Then he just needs to point out that all regions will get equal cash package in tier 3, (Liverpool very quiet the last 24 hours), swerve a national lockdown, weather the ports chaos for six months, fend off the SNP and then start charming the billionaires to invest in UK tech... PMQs could be tetchy today. Edited October 21, 2020 by thehowler Quote Link to comment Share on other sites More sharing options...
msi Posted October 21, 2020 Share Posted October 21, 2020 Barnier prepping the ground for a Thursday visit...deal fudge to begin next week? It's still for Johnson to take the deal opprobrium from the hard leavers (I see Farage is cheering talk of an Oz deal) but I think he'll go for the "ooh, he got a deal after al!" panto. Farage is a joke - the genital warts of politics, popping up to ruin the action. His sole purpose is to keep BoJo ideologically 'pure' - an Ayatollah of Brexit. Any BoJo deal must gain the Farage blessing or be called a 'Euro fudge and Chamberlain climb down' Quote Link to comment Share on other sites More sharing options...
msi Posted October 21, 2020 Share Posted October 21, 2020 For those thinking Br*xit will lead to the disintegration of the EU https://news.sky.com/story/stunning-demand-for-new-euro-bonds-presents-opportunity-for-the-eu-12109297 If appetite swings to EUR, USD, RMB what will be left for GBP? Perhaps you should try to see if Blue passports are edible? Quote Link to comment Share on other sites More sharing options...
thehowler Posted October 21, 2020 Share Posted October 21, 2020 (edited) FT briefing that the battery Rules of Origin row has sparked a letter from car makers...industry group has confirmed. Some crowing from the old Brexit mob but it's just a sign that negotiations around the deal are ongoing. Edited October 21, 2020 by thehowler Quote Link to comment Share on other sites More sharing options...
rollover Posted October 21, 2020 Share Posted October 21, 2020 Sterling jumps as Brexit deal hopes rise The pound has jumped to a one-week high against the dollar after EU chief Brexit negotiator Michel Barnier said a trade agreement with the UK is within reach. Telegraph Quote Link to comment Share on other sites More sharing options...
Peter Hun Posted October 21, 2020 Share Posted October 21, 2020 For those thinking Br*xit will lead to the disintegration of the EU https://news.sky.com/story/stunning-demand-for-new-euro-bonds-presents-opportunity-for-the-eu-12109297 If appetite swings to EUR, USD, RMB what will be left for GBP? Perhaps you should try to see if Blue passports are edible? Wow, they were looking for 17bn and got 233bn The outcome was stunning. Orders totalling €233bn (£212bn) were received, with the 10-year bonds attracting orders of €145bn (£132bn), a record for a single issue in the Eurozone sovereign debt market. Analysts had speculated that demand for the bonds might top €100bn (£91bn) but few had expected it to reach the eventual level seen. Quote Link to comment Share on other sites More sharing options...
msi Posted October 21, 2020 Share Posted October 21, 2020 Wow, they were looking for 17bn and got 233bn The outcome was stunning. Orders totalling €233bn (£212bn) were received, with the 10-year bonds attracting orders of €145bn (£132bn), a record for a single issue in the Eurozone sovereign debt market. Analysts had speculated that demand for the bonds might top €100bn (£91bn) but few had expected it to reach the eventual level seen. At negative rates. They prefer to lose money with the EU Quote Link to comment Share on other sites More sharing options...
24gray24 Posted October 21, 2020 Share Posted October 21, 2020 Have the German courts allowed this eurozone giveaway ? Quote Link to comment Share on other sites More sharing options...
captainb Posted October 21, 2020 Share Posted October 21, 2020 For those thinking Br*xit will lead to the disintegration of the EU https://news.sky.com/story/stunning-demand-for-new-euro-bonds-presents-opportunity-for-the-eu-12109297 If appetite swings to EUR, USD, RMB what will be left for GBP? Perhaps you should try to see if Blue passports are edible? To be fair UK bonds are negative now as well. 3 year last auction, expectation even with this Brexit nonsense the next 10 year auction will be negative as well. Nobody know where to park all this cash! Que property is expensive yadda yadda.. but compared to a negative bond yield, people are "okay" parking large amounts of cash into real estate yielding 2-5%. Quote Link to comment Share on other sites More sharing options...
thehowler Posted October 21, 2020 Share Posted October 21, 2020 (edited) The curtain is up in Act III...deal train is rolling. Edited October 21, 2020 by thehowler Quote Link to comment Share on other sites More sharing options...
thehowler Posted October 21, 2020 Share Posted October 21, 2020 To be fair UK bonds are negative now as well. 3 year last auction, expectation even with this Brexit nonsense the next 10 year auction will be negative as well. Nobody know where to park all this cash! Que property is expensive yadda yadda.. but compared to a negative bond yield, people are "okay" parking large amounts of cash into real estate yielding 2-5%. How much are the ECB buying each month now? I wonder what percentage of Italian debt they own. Think they dropped the 33% limit a while back. Quote Link to comment Share on other sites More sharing options...
rollover Posted October 23, 2020 Share Posted October 23, 2020 Millionaire wives to lose favourable EU 'divorce tourism' laws after Brexit Millionaires’ wives will find it harder to seize the tactical advantage by filing for divorce in countries where the courts are more favourable, as “first past the post” laws will not apply after Brexit. Telegraph Quote Link to comment Share on other sites More sharing options...
NuBrit Posted October 24, 2020 Share Posted October 24, 2020 If the UK is negotiating rationally (a significant assumption I know) then surely the UK is "bigging up" the fish issue to get maximum value for it when we finally throw it on the table. That would be a pretty classic negotiating tactic - take an issue that you're prepared to compromise on, make it look like it's a massive issue ("this would be poilitcal suicide for the PM") then trade it away at the last minute for the stuff you really want to get the deal over the line. Maybe it's the other way around? Maybe fisheries is the one area that we can win on, even if it's because we've sacrificed all of our other demands. Boris will gain a pyrrhic victory in getting Brussels to acquiesce on fisheries (0.1% of the economy), even if it means we get locked out of a financial services deal (many, many orders of magnitude in excess of fisheries). Most prime ministers wouldn't even countenance such a deal, but with Boris involved, I am not so sure. Quote Link to comment Share on other sites More sharing options...
dugsbody Posted October 24, 2020 Share Posted October 24, 2020 Maybe it's the other way around? Maybe fisheries is the one area that we can win on, even if it's because we've sacrificed all of our other demands. Boris will gain a pyrrhic victory in getting Brussels to acquiesce on fisheries (0.1% of the economy), even if it means we get locked out of a financial services deal (many, many orders of magnitude in excess of fisheries). Most prime ministers wouldn't even countenance such a deal, but with Boris involved, I am not so sure. A politicians only aim is to get elected. Everything else is secondary to that, otherwise they're not a politician. To get elected, Boris needs to command the narrative with a minority of swing voters. These swing voters don't care at all about the City of London financial services but they care a lot about immigration, nationalism, "our" fish, borders, etc. They vote based on emotions, so Boris has to control those emotions through emotional rhetoric. Quote Link to comment Share on other sites More sharing options...
NobodyInParticular Posted October 24, 2020 Share Posted October 24, 2020 A politicians only aim is to get elected. Everything else is secondary to that, otherwise they're not a politician. To get elected, Boris needs to command the narrative with a minority of swing voters. These swing voters don't care at all about the City of London financial services but they care a lot about immigration, nationalism, "our" fish, borders, etc. They vote based on emotions, so Boris has to control those emotions through emotional rhetoric. Not all politicians are in it to get elected, although policies are hard to enact if you don't. They aren't necessarily in it for self-interest, though. Some are, though. Quote Link to comment Share on other sites More sharing options...
NobodyInParticular Posted October 24, 2020 Share Posted October 24, 2020 A politicians only aim is to get elected. Everything else is secondary to that, otherwise they're not a politician. To get elected, Boris needs to command the narrative with a minority of swing voters. These swing voters don't care at all about the City of London financial services but they care a lot about immigration, nationalism, "our" fish, borders, etc. They vote based on emotions, so Boris has to control those emotions through emotional rhetoric. Sad but true. Baby to be thrown out with the bath water, then be blamed for being in the bath. Quote Link to comment Share on other sites More sharing options...
NobodyInParticular Posted October 24, 2020 Share Posted October 24, 2020 Evidence emerges of close links between Cambridge Analytica and other companies (some sharing ownership) over various election related actions, such as joint contracts. While CA may have legally emerged as clean over Brexit, it may not be the full story. Quote Link to comment Share on other sites More sharing options...
Exiled Canadian Posted October 24, 2020 Share Posted October 24, 2020 Maybe it's the other way around? Maybe fisheries is the one area that we can win on, even if it's because we've sacrificed all of our other demands. Boris will gain a pyrrhic victory in getting Brussels to acquiesce on fisheries (0.1% of the economy), even if it means we get locked out of a financial services deal (many, many orders of magnitude in excess of fisheries). Most prime ministers wouldn't even countenance such a deal, but with Boris involved, I am not so sure. Possibly - but that would surely cause problems inthe Cabinet. Sunak is ex Goldman Sachs and would understand what was being thrown away for one. The Tory failthful in the stockbroker belt would also take a dim view I suspect. Quote Link to comment Share on other sites More sharing options...
Will! Posted October 24, 2020 Share Posted October 24, 2020 But then all the fish...would be ours! Looks like fish are a sticking point. Quote Link to comment Share on other sites More sharing options...
Will! Posted October 24, 2020 Share Posted October 24, 2020 (edited) This was quite an interesting watch, but there wasn't any mention of overfishing. BBC Hard Talk: On the road: Fishing It even has a lawyer from Latvia working in a fish processing factory in Peterhead. Edited October 24, 2020 by Will! Quote Link to comment Share on other sites More sharing options...
pig Posted October 26, 2020 Share Posted October 26, 2020 Not exactly a state secret outside the Brexit brethren but to be fair I'd imagine either presidency would take the same approach: Trump will take advantage of the UK's 'weakness' after Brexit if re-elected, warns Britain's former ambassador to the US Speaking to Business Insider, Sir Nigel Sheinwald — who served in Washington between 2007 and 2012 — said that President Trump had only a "superficial" interest in the UK, despite him and Johnson having demonstrated a warm personal relationship. He said that Trump would look to target the UK's economic and diplomatic vulnerability once it has fully left the EU next year. "I think that the mood [from Washington] has become increasingly hectoring and domineering," Sheinwald told Business Insider. https://www.businessinsider.com/trump-target-uk-weakness-brexit-warns-uk-former-top-diplomat-2020-10?r=US&IR=T Quote Link to comment Share on other sites More sharing options...
slawek Posted October 26, 2020 Share Posted October 26, 2020 🤦♂️ Quote Link to comment Share on other sites More sharing options...
Bruce Banner Posted October 26, 2020 Share Posted October 26, 2020 I have just realised, that in one area, Brexit may be advantageous.... Eggs, or Oeufs. The French like eggs with white shells and will pay a premium price for them, whereas the British tend to prefer brown shells. From next year, it will likely cost the French more to buy our white eggs so we may see them in our shops again . It's the little things that matter. Quote Link to comment Share on other sites More sharing options...
pig Posted October 26, 2020 Share Posted October 26, 2020 I have just realised, that in one area, Brexit may be advantageous.... Eggs, or Oeufs. The French like eggs with white shells and will pay a premium price for them, whereas the British tend to prefer brown shells. From next year, it will likely cost the French more to buy our white eggs so we may see them in our shops again . It's the little things that matter. LMAO Quote Link to comment Share on other sites More sharing options...
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