FreeTrader Posted June 30, 2016 Share Posted June 30, 2016 UK Q1 Balance of Payments out this morning. Current account deficit still 6.9% of GDP. Trade balance not that bad in itself, with primary income still the largest component of the negative balance. Net International Investment Position improved. http://www.ons.gov.uk/economy/nationalaccounts/balanceofpayments/bulletins/balanceofpayments/jantomar2016 Quote Link to comment Share on other sites More sharing options...
spyguy Posted June 30, 2016 Share Posted June 30, 2016 Surely thats current account was ~6/9% GDP - until quite recently. The whole kerfulle between Bozza + Mazza does bring some issued to the fore - mainly, was Mrs Gove once a bloke? Quote Link to comment Share on other sites More sharing options...
Niall of the Nine Hostages Posted June 30, 2016 Share Posted June 30, 2016 (edited) Totally agree. It will be similar to the recent, multiple 'negotiations' between the EU and Greece on bail outs. Everyone knows that they will give them the money but they go through the same charade over and over. In respect of what the actual outcome of the Brexit negotiations the only 'democratic line' as I see it that can not be crossed is that we must end up not 'remaining a member of the EU', which was the referendum option that received an affirmative majority. Personally I think continuing to have full access to the single market is already being seen as the imperative by TPTB and those that underpin them across the political spectrum - the overwhelming majority of MPs (on all sides), the City, other big businesses, trade unions, etc. If so, it follows that 'negotiations' will really be around how much we pay for that and what it means for freedom of movement. Which I do not think will change much to now, though there may be a bit of tinkering that gives both us and the EU something to claim a 'successful negotiation'. Throughout much of the referendum debate, it has been assumed that, in order to continue participating in the Single Market, we would have to accept freedom of movement... However, we should have known that the Commission officials...were not telling the truth about freedom of movement – or at least the whole truth in respect of the EEA... EU has been quite willing to negotiate with one of the three Efta/EEA states on freedom of movement. Furthermore, they have come to an amicable solution, which has allowed it to secure an amendment to the treaty giving it a permanent opt-out to freedom of movement. The state concerned now operates a quota system little different in principle to the Australian points system. That the state is the principality of Liechtenstein... Furthermore, Iceland has used exactly the same provisions to suspend free movement of capital following the 2008 financial crisis, demonstrating that there is a real and effective option within the EEA Agreement which could be available to the UK, and solve a lot of problems. EU Referendum: the Liechtenstein solution http://www.eureferendum.com/blogview.aspx?blogno=86122 Edited June 30, 2016 by Niall of the Nine Hostages Quote Link to comment Share on other sites More sharing options...
slawek Posted June 30, 2016 Share Posted June 30, 2016 UK Q1 Balance of Payments out this morning. Current account deficit still 6.9% of GDP. Trade balance not that bad in itself, with primary income still the largest component of the negative balance. Net International Investment Position improved. Pound drop after the referendum should improve the numbers further. Quote Link to comment Share on other sites More sharing options...
R K Posted June 30, 2016 Share Posted June 30, 2016 Graeme Wearden @graemewearden 5m5 minutes ago Theresa May now odds-on to be next Tory leader on Betfair. Boris's odds are lengthening fast.... May Merkel Clinton (& Adele) Quote Link to comment Share on other sites More sharing options...
crashmonitor Posted June 30, 2016 Share Posted June 30, 2016 Now Boris v Gove .... GO ANDREA!!! Indeed Boris is a bit of a buffoon, Gove really hasn't come out of this very well and May has bided her time in the slow lane( took a backseat in the Brexit campaign to see who won first). Not only that she comes across badly, don't know whether its the diabetes but she is hopeless at presenting herself looks ill most of the time. Bloody get on with it and declare yourself Andrea. The consistent Brexit campaigner, never slipped up, doesn't come across as argumentative or an irritating sod. Quote Link to comment Share on other sites More sharing options...
Errol Posted June 30, 2016 Share Posted June 30, 2016 was Mrs Gove once a bloke? Hmmmm .... Quote Link to comment Share on other sites More sharing options...
canbuywontbuy Posted June 30, 2016 Share Posted June 30, 2016 Graeme Wearden @graemewearden 5m5 minutes ago Theresa May now odds-on to be next Tory leader on Betfair. Boris's odds are lengthening fast.... May Merkel Clinton (& Adele) How can May be favourite? She was a supporter of Remain (yeah, Home Secretary as well....). How is Brexit going to be managed by a supporter of Remain? Quote Link to comment Share on other sites More sharing options...
Riedquat Posted June 30, 2016 Share Posted June 30, 2016 How can May be favourite? She was a supporter of Remain (yeah, Home Secretary as well....). How is Brexit going to be managed by a supporter of Remain? MIght be seen to be more likely to get a better deal from someone more sympathetic to the EU, and pick up the disgruntled Remain supporters on the assumption that Leave ones aren't likely to go after the vote was Leave (until it doesn't look like happening anyway). Quote Link to comment Share on other sites More sharing options...
knock out johnny Posted June 30, 2016 Share Posted June 30, 2016 How can May be favourite? She was a supporter of Remain (yeah, Home Secretary as well....). How is Brexit going to be managed by a supporter of Remain? Well quite frankly it's not Quote Link to comment Share on other sites More sharing options...
GrizzlyDave Posted June 30, 2016 Share Posted June 30, 2016 May has just come out with a very strong speech. Said that BREXIT is BREXIT, that the British people have spoken and that there is no going back now or trying to change the will of the British people. Also said that there should not be another general election until 2020. Said that the government's duty is now to negotiate BREXIT. Said some stuff about the economy. Excellent. May the Merciless! Quote Link to comment Share on other sites More sharing options...
spyguy Posted June 30, 2016 Share Posted June 30, 2016 How can May be favourite? She was a supporter of Remain (yeah, Home Secretary as well....). How is Brexit going to be managed by a supporter of Remain? She's annoyed and upset fewer people than the rest. Quote Link to comment Share on other sites More sharing options...
R K Posted June 30, 2016 Share Posted June 30, 2016 How can May be favourite? She was a supporter of Remain (yeah, Home Secretary as well....). How is Brexit going to be managed by a supporter of Remain? Boris is dead in the water. Its already over. hes done. May is next Tory leader & PM. Quote Link to comment Share on other sites More sharing options...
Errol Posted June 30, 2016 Share Posted June 30, 2016 I would have thought that Johnson was a rather dangerous person to get on the wrong side of. I don't see May (or anyone else) lasting long with him in the wings. He has a lot of support. Quote Link to comment Share on other sites More sharing options...
crashmonitor Posted June 30, 2016 Share Posted June 30, 2016 Boris is dead in the water. Its already over. hes done. May is next Tory leader & PM. Failed spectacularly on her immigration target by a few hundred thousand. She will be unpopular with the country generally too...a Corbyn style own goal. got to have somebody that is presentable and doesn't look like a grumpy old headmistress with an attitude problem. Quote Link to comment Share on other sites More sharing options...
EssKay Posted June 30, 2016 Share Posted June 30, 2016 May as PM doesn't bear thinking about - I'm reminded of this: Has David Davis definitely ruled himself out? He's the only one out of the whole shower of them that I have even a modicum of respect for Quote Link to comment Share on other sites More sharing options...
Konig Posted June 30, 2016 Share Posted June 30, 2016 Throughout much of the referendum debate, it has been assumed that, in order to continue participating in the Single Market, we would have to accept freedom of movement... However, we should have known that the Commission officials...were not telling the truth about freedom of movement – or at least the whole truth in respect of the EEA... EU has been quite willing to negotiate with one of the three Efta/EEA states on freedom of movement. Furthermore, they have come to an amicable solution, which has allowed it to secure an amendment to the treaty giving it a permanent opt-out to freedom of movement. The state concerned now operates a quota system little different in principle to the Australian points system. That the state is the principality of Liechtenstein... Furthermore, Iceland has used exactly the same provisions to suspend free movement of capital following the 2008 financial crisis, demonstrating that there is a real and effective option within the EEA Agreement which could be available to the UK, and solve a lot of problems. EU Referendum: the Liechtenstein solution http://www.eureferendum.com/blogview.aspx?blogno=86122 Our Brexit negotiations are not a court case, whereby we can quote a precedent and demand that the same be applied to us. Indeed, regardless of precedent, the EU has the complete power to grant the UK any exceptions and exemptions for a Brexit we ask for i.e. all 27 remaining simply amend or enact a treaty. But that does not mean it will. Quote Link to comment Share on other sites More sharing options...
The Masked Tulip Posted June 30, 2016 Share Posted June 30, 2016 Hmmmm .... Is that a before and after? Quote Link to comment Share on other sites More sharing options...
GrizzlyDave Posted June 30, 2016 Share Posted June 30, 2016 May as PM will set up a BREXIT department She could get Gove or Boris to head it up. May has more balls than Gove and Boris put together. She reminds me of Thatcher. Right now this country needs her. Quote Link to comment Share on other sites More sharing options...
GrizzlyDave Posted June 30, 2016 Share Posted June 30, 2016 Seeing as we are full members until BREXIT. The UK can veto any attempts for Scotland to SCOTMAIN. Quote Link to comment Share on other sites More sharing options...
R K Posted June 30, 2016 Share Posted June 30, 2016 May as PM will set up a BREXIT department She could get Gove or Boris to head it up. May has more balls than Gove and Boris put together. She reminds me of Thatcher. Right now this country needs her. Not Boris Emily Ashton @elashton 27m27 minutes ago "Last time Boris did a deal with the Germans, he came back with three nearly new water cannons" - SLAPDOWN from Theresa May 41 retweets 31 likes Quote Link to comment Share on other sites More sharing options...
long time lurking Posted June 30, 2016 Share Posted June 30, 2016 (edited) Throughout much of the referendum debate, it has been assumed that, in order to continue participating in the Single Market, we would have to accept freedom of movement... However, we should have known that the Commission officials...were not telling the truth about freedom of movement – or at least the whole truth in respect of the EEA... EU has been quite willing to negotiate with one of the three Efta/EEA states on freedom of movement. Furthermore, they have come to an amicable solution, which has allowed it to secure an amendment to the treaty giving it a permanent opt-out to freedom of movement. The state concerned now operates a quota system little different in principle to the Australian points system. That the state is the principality of Liechtenstein... Furthermore, Iceland has used exactly the same provisions to suspend free movement of capital following the 2008 financial crisis, demonstrating that there is a real and effective option within the EEA Agreement which could be available to the UK, and solve a lot of problems. EU Referendum: the Liechtenstein solution http://www.eureferendum.com/blogview.aspx?blogno=86122 Freedom of movement is not a problem No in or out of work benefits no free schooling no free health care employers must provide health care insurance for all the dependants of the employee living in the UK Edited June 30, 2016 by long time lurking Quote Link to comment Share on other sites More sharing options...
Confusion of VIs Posted June 30, 2016 Share Posted June 30, 2016 How can May be favourite? She was a supporter of Remain (yeah, Home Secretary as well....). How is Brexit going to be managed by a supporter of Remain? Also while leading the Home Office she presided over the greatest ever increase in net migration. Is the person who caused the problem that led to the vote for Brexit really the right person to now lead the country - apparently yes if you believe people commenting on her speech. Quote Link to comment Share on other sites More sharing options...
CentrinoDuo Posted June 30, 2016 Share Posted June 30, 2016 Freedom of movement is not a problem No in or out off work benefits no free schooling no free health care employers must provide health care insurance for all the defendants of the employee living in the UK Absolutely. And this is what I've been talking all the time. Freedom of movement is not the issue. It's the in and out of benefit that cause the skew of labour movement. Two minded about the private health insurance and school. I'm from Australia where health insurance is a must for foreign students, work visa holders etc. But this is really a stealth move to continuously unwind Medicare. We as a nation has obligation to look after its residents (note residents not just citizen). We all pay tax regardless of our citizenship. I'm still leaning toward having subsidised universal health care and education for all legal residents. Quote Link to comment Share on other sites More sharing options...
Confusion of VIs Posted June 30, 2016 Share Posted June 30, 2016 May as PM will set up a BREXIT department She could get Gove or Boris to head it up. May has more balls than Gove and Boris put together. She reminds me of Thatcher. Right now this country needs her. I really cannot image either would be stupid enough to accept the job. Quote Link to comment Share on other sites More sharing options...
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