sammysnake Posted June 25, 2016 Report Share Posted June 25, 2016 How likely is it that the bankers will swap the prospect of a future lighter regulation regime in the UK post Brexit for the virtual certainty of a more regulated situation within the EU? I can't see a mass migration of financial services into the EU- the bankers are crooks not idiots. I'm really hoping the criminals see sense and move on to their next victims. Like a plague of locusts they are relentless, but maybe just maybe they have had their fill Quote Link to post Share on other sites
spunko2010 Posted June 25, 2016 Report Share Posted June 25, 2016 Is there a link to that telegraph 50% statistic? I want to believe. ... Quote Link to post Share on other sites
Will! Posted June 25, 2016 Report Share Posted June 25, 2016 Unfortunately EFTA was nobbled by the EU and requires free movement of people and even acceptance of the acquis. You may as well not bother leaving the EU, frankly. We should not join EFTA. We should tell the EU how it is and make a bilateral arrangement with it, or simply go elsewhere, and Germany can find someone else to buy their cars. Apparently we started negotiating a trade deal with Ghana on Friday. I know Ghana isn't much of a coup but, the world is big. Europe is small. EFTA nations are all little minnows and had to sign up to all sorts of things. The UK is not a minnow. Indeed, the Swiss approach looks like the way to go. We need to start making a plan. Quote Link to post Share on other sites
Royw6 Posted June 25, 2016 Report Share Posted June 25, 2016 Indeed, the Swiss approach looks like the way to go. We need to start making a plan. Which is there is no representation in the eu mechanism, yet you follow all the directives generated in any area you are allowed to trade in. Schengen zone affiliate too, so not a great win all in all, far worse than previously. Quote Link to post Share on other sites
Sheeple Splinter Posted June 25, 2016 Report Share Posted June 25, 2016 Indeed, the Swiss approach looks like the way to go. We need to start making a plan. Just keep posting, I'm sure political advisers skim read this website. Monday morning trade calls to all the non euro members of the EU and clearly 'signalled' to Brussels. Maybe the negotiations can echo Thatcher's skill and get a rebate, say £650 million? Greek Bailout Because the UK contributes 5 per cent of the IMF annual budget, this would equate to a £650million bill for the taxpayer. http://www.dailymail.co.uk/news/article-1265275/This-outrage-British-taxpayers-Deal-rescue-Greece-soak-millions.html Quote Link to post Share on other sites
EssKay Posted June 25, 2016 Report Share Posted June 25, 2016 Was watching a round-up of reactions from Europe on the news earlier today and I was a bit surprised by the venom from some of the EU heads. I was expecting it from arch autocrats like Juncker but was a bit surprised to hear it from the Polish representative. Poland has benefitted massively from EU largesse (funded in no small part by the UK), not to mention transfer payments from polish workers here. It's not like they're suddenly going to get kicked out so why the vitriol? Luckily Merkel seems to have stepped in to use slightly more conciliatory language and (at least on the surface of it) says she doesn't want to "punish" the UK Quote Link to post Share on other sites
Will! Posted June 25, 2016 Report Share Posted June 25, 2016 (edited) Which is there is no representation in the eu mechanism, yet you follow all the directives generated in any area you are allowed to trade in. Schengen zone affiliate too, so not a great win all in all, far worse than previously. It's a bespoke approach, not one all-encompassing agreement with limited potential for variance. There are lots of opportunities now for forward-looking politicians to take the lead in producing constructive plans for individual trade agreements, participation in selected EU programmes, co-operation in tax transparency etc. Edited June 25, 2016 by Will! Quote Link to post Share on other sites
GreenDevil Posted June 25, 2016 Author Report Share Posted June 25, 2016 So so funny to hear the remainers stuck in the bubble throw the toys out of the pram. As Clark son says ... Loser... Quote Link to post Share on other sites
Dave Beans Posted June 25, 2016 Report Share Posted June 25, 2016 (edited) You do know we can still buy stuff from all over the globe under WTO rules right? I don't think Chinese socks are ever going to be £20. WTO rules doesn't cover services, such as financial services...Norway adopts something like 9% of EU law through EEA...With that, you get single market access, but no EU political union, or the "faceless bureaucrats" Edited June 25, 2016 by Dave Beans Quote Link to post Share on other sites
slawek Posted June 25, 2016 Report Share Posted June 25, 2016 Was watching a round-up of reactions from Europe on the news earlier today and I was a bit surprised by the venom from some of the EU heads. I was expecting it from arch autocrats like Juncker but was a bit surprised to hear it from the Polish representative. Poland has benefitted massively from EU largesse (funded in no small part by the UK), not to mention transfer payments from polish workers here. It's not like they're suddenly going to get kicked out so why the vitriol? Luckily Merkel seems to have stepped in to use slightly more conciliatory language and (at least on the surface of it) says she doesn't want to "punish" the UK EU will play hard ball with the UK. Just recall the Greek standoff. Eurozone was losing a few hundreds of bln vs Greece losing its banks and probably tens of bln. It is naive to think the UK has much leverage by the fact that it buys goods from the EU. Will Brits stop buying cars from Europe if they are 10-20% more expensive? Does Europe really need the UK financial services? I think EU dislike the fact that London making money on them and they would be happy to diminish its position. Quote Link to post Share on other sites
slawek Posted June 25, 2016 Report Share Posted June 25, 2016 Which is there is no representation in the eu mechanism, yet you follow all the directives generated in any area you are allowed to trade in. Schengen zone affiliate too, so not a great win all in all, far worse than previously. What a mess. Boris and co pushed the country out of the EU not having any plan what they will do after. The UK may end up with a worse deal than before. Quote Link to post Share on other sites
thewig Posted June 25, 2016 Report Share Posted June 25, 2016 Just heard a presenter on fivelive hysterically blurt out something about it'll be "£20 for a pair of socks next!!" Quote Link to post Share on other sites
cashinmattress Posted June 25, 2016 Report Share Posted June 25, 2016 Hey. What will y'all do if Scotland vetoes the brexit? England leave the UK? https://twitter.com/jimfitzbiz/status/746722921125654528 Quote Link to post Share on other sites
SpectrumFX Posted June 25, 2016 Report Share Posted June 25, 2016 Hey. What will y'all do if Scotland vetoes the brexit? England leave the UK? https://twitter.com/jimfitzbiz/status/746722921125654528 Sure. If they try that the rest of us can go the UDI route and they can stay as the UK in the EU. They can even keep the national debt and the pound and we'll have a new currency Quote Link to post Share on other sites
Dave Beans Posted June 25, 2016 Report Share Posted June 25, 2016 (edited) What a mess. Boris and co pushed the country out of the EU not having any plan what they will do after. The UK may end up with a worse deal than before. Have a read of this...interesting... http://eureferendum.com/blogview.aspx?blogno=86118 Edited June 25, 2016 by Dave Beans Quote Link to post Share on other sites
GreenDevil Posted June 26, 2016 Author Report Share Posted June 26, 2016 Sure. If they try that the rest of us can go the UDI route and they can stay as the UK in the EU. They can even keep the national debt and the pound and we'll have a new currency What a great deal. After all the Scots have all the oil.All the UK has to do is invoke article 50, and wait two years while watching the EU disintegrate. Another great deal. http://www.bbc.co.uk/news/business-36630468 Quote Link to post Share on other sites
spunko2010 Posted June 26, 2016 Report Share Posted June 26, 2016 So he didn't profit from it then? Things keep getting better and better Quote Link to post Share on other sites
FrankCostanza Posted June 26, 2016 Report Share Posted June 26, 2016 Greenland left the EU in 1982 http://www.macleans.ca/politics/worldpolitics/what-are-the-lessons-from-greenlands-grexit/ Quote Link to post Share on other sites
Royw6 Posted June 26, 2016 Report Share Posted June 26, 2016 Greenland left the EU in 1982 http://www.macleans.ca/politics/worldpolitics/what-are-the-lessons-from-greenlands-grexit/ Yay, let's be as important and rich as Greenland....... Quote Link to post Share on other sites
FrankCostanza Posted June 26, 2016 Report Share Posted June 26, 2016 Yay, let's be as important and rich as Greenland....... Better than ending up like Greece. A vassal state destroyed by EU austerity measures, 50% youth unemployment, hundreds of thousands of muslim migrants landing per year.What a disaster. Quote Link to post Share on other sites
Royw6 Posted June 26, 2016 Report Share Posted June 26, 2016 Better than ending up like Greece. A vassal state destroyed by EU austerity measures, 50% youth unemployment, hundreds of thousands of muslim migrants landing per year.What a disaster. Yes, very wise, but the uk isn't. Our economy is based primarily on putting together pre-manufactured cars and other items for the eu market, and also for servicing the same for its financial needs, I think the Greek and Greenland economy is different. In short, the U.K. Economy is not like the others you can mention. Quote Link to post Share on other sites
Royw6 Posted June 26, 2016 Report Share Posted June 26, 2016 In short, our economy is now in bits for ten to twenty years while it adjusts to the new situation, it will be similar to the 1970s when our economy adjusted to being in the eu. Quote Link to post Share on other sites
CentrinoDuo Posted June 26, 2016 Report Share Posted June 26, 2016 Indeed, the Swiss approach looks like the way to go. We need to start making a plan. Swiss also have the freedom of movement agreement with EU. I don't think realistically we can get out of freedom of movement, it will stay even if we are not part of EU. Swiss still has to implement raft of EU regulations in their banking and finance industry arguably their largest contribution to GDP. I voted Remain because I believe being in the EU is the best option for us, now that we've gone the other way I really hope I'm proven wrong. Quote Link to post Share on other sites
CentrinoDuo Posted June 26, 2016 Report Share Posted June 26, 2016 WTO rules doesn't cover services, such as financial services...Norway adopts something like 9% of EU law through EEA...With that, you get single market access, but no EU political union, or the "faceless bureaucrats" Still need freedom of movement though. So for all this issues about immigration, it will be a back stab for the majority of the leave voters. Quote Link to post Share on other sites
Bruce Banner Posted June 26, 2016 Report Share Posted June 26, 2016 Swiss also have the freedom of movement agreement with EU. I don't think realistically we can get out of freedom of movement, it will stay even if we are not part of EU. Swiss still has to implement raft of EU regulations in their banking and finance industry arguably their largest contribution to GDP. I voted Remain because I believe being in the EU is the best option for us, now that we've gone the other way I really hope I'm proven wrong. Swiss are in Schengen, we never have been. Quote Link to post Share on other sites
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