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Politics, politics, politics

That is true to be fair, there is a lot of that going around since the vote.

It cuts both ways, the Eurosceptic press are keen to present any positive economic news as proof that the concerns about Brexit were overstated.

The truth is that there will be good and bad news as there is in any period of the economic cycle. The true picture will take a few months to be clear and it is foolish to read too much into individual stories in the meantime.
 
What's wrong with playing games with national security? The EU is doing it with economics - a far greater crime.

We have leverage, massive leverage right now. It's not something I'd present to Merkel who appears to be an ally right now but I'd certainly rub Juncker and Barnier's faces in it.

The EU hasn't revealed its hand yet, so it is a unfair to say that they are playing games economically.

It is also wrong to see the EU as a single entity. There will be 27 views on what they want to get out of it. We need to be building alliances and trying to influence in order to get the best deal that we can.

The eastern European states in particular will be looking for a continuation of British military support and cooperation, particularly as Putin may try to use this to his advantage.

I read this earlier on the various treaties that we will need to agree during and after our exit. It looks to me that we will be busy enough trying to tie this up and won't have time for games.

http://www.prospectmagazine.co.uk/world/theresa-may-difficult-brexit-deals-fta-wto
 
I take it you did not read the whole piece if you had done you would have seen the following ;)


It announced those cost-cutting measures in 2014.


The bank confirmed that the decision to make further cuts was taken before the EU referendum on 23 June.

In truth I didn't, or didn't notice that bit.

It was more about the fact that anyone can pull a headline that ostensibly supports one position over another, when in reality this will take years to unfold. The result is neither all good nor all bad, but it, and the reporting of it has been poliarising which stifles decent debate.

Using individual stories to support a position is like crying relegation fears after losing one game and claiming we'll win the title after a single win.

As a society we micro-react, and that I believe is in large part down to 24 news, the Internet and endless opinion piece / phone in radio shows.
 
I know not of what you speak. Talk to me about your oxymorons.
It's a play on the term creative destruction.

Creative destruction is a fairly interesting principle by which innovation destroys jobs but people are employed in new ways (usually further up the value chain). People used to be employed making horses go, but those jobs were lost when the car became popular. Fewer people were required to make the car go than the horse, but the reduced travel times and increased mobility created jobs of a different kind - such as in motels.

When applying it you financial services, people tend to twist it to destructive creation, partly due to the reluctance of staff from those sectors to move to new ones.
 
It cuts both ways, the Eurosceptic press are keen to present any positive economic news as proof that the concerns about Brexit were overstated.

The truth is that there will be good and bad news as there is in any period of the economic cycle. The true picture will take a few months to be clear and it is foolish to read too much into individual stories in the meantime.

In truth I didn't, or didn't notice that bit.

It was more about the fact that anyone can pull a headline that ostensibly supports one position over another, when in reality this will take years to unfold. The result is neither all good nor all bad, but it, and the reporting of it has been poliarising which stifles decent debate.

Using individual stories to support a position is like crying relegation fears after losing one game and claiming we'll win the title after a single win.

As a society we micro-react, and that I believe is in large part down to 24 news, the Internet and endless opinion piece / phone in radio shows.


Of course it cut both ways and it will be a while before we know if Brexit was/was not a good move for the country. But to listen to the doom mongers that were getting into print BEFORE the vote ( and which were copied onto here by one member in particular on many occasions) it was going to be a disaster without a doubt.
 
Of course it cut both ways and it will be a while before we know if Brexit was/was not a good move for the country. But to listen to the doom mongers that were getting into print BEFORE the vote ( and which were copied onto here by one member in particular on many occasions) it was going to be a disaster without a doubt.

The remain camp were well within their right to use predictions of the financial impact of leaving the EU in their campaign. I disagreed with how the forecasts were presented (and I think that the mock budget was a massive mistake) but their stats were broadly in line with most independent economists. I think that the leave campaign were very successful in painting this as "project fear" but the leave campaign featured fear tactics just as prevalently and were pulled up by the ONS and the HoC Treasury Select Committee on their disingenuous use of stats.

It is far too early to be claiming that what has happened since the referendum has vindicated your views. There is a long and complicated road ahead. The medium term impact will not be clear until next year, the impact of negotiations on the economy will probably take years to be clear and the long term impact cannot be assessed for decades.

Anyway, do we have to go over this all of the time? The campaign is over, what is happening now and in the future is more interesting than what has happened. Moaning about what happened before the vote is getting very boring.
 
Milo I think the interesting thing in politics now is not even brexit and what sort of deal we get, it is now Trump and the USA elections, then elections in Europe next year, referendum for the Austrians or is it the Hungarians on whether to except refugees. Europe could stay as it is, but it could also look very different this time next year.

I am interested how the French will respond to the terror attacks and whether Le Pen will get in, in some ways it will be good for us if she does, because it will be easier to negotiate with her then Hollande, I wonder if that is what May is waiting for?
 
The remain camp were well within their right to use predictions of the financial impact of leaving the EU in their campaign. I disagreed with how the forecasts were presented (and I think that the mock budget was a massive mistake) but their stats were broadly in line with most independent economists. I think that the leave campaign were very successful in painting this as "project fear" but the leave campaign featured fear tactics just as prevalently and were pulled up by the ONS and the HoC Treasury Select Committee on their disingenuous use of stats.

It is far too early to be claiming that what has happened since the referendum has vindicated your views. There is a long and complicated road ahead. The medium term impact will not be clear until next year, the impact of negotiations on the economy will probably take years to be clear and the long term impact cannot be assessed for decades.

Anyway, do we have to go over this all of the time? The campaign is over, what is happening now and in the future is more interesting than what has happened. Moaning about what happened before the vote is getting very boring.

Point one, of course it is and i had no idea what will happen in the long run and i have said that on many occasions so my views will never be vindicated one way or the other ( and you know that really).

Most people ( that i know anyway) who voted for out have/did say they did not know what would happen, unlike those who said it WOULD be a disaster ( many of which views you linked onto here).

Point two, yes it is boring because most people would/did have a open mind on what will/may happen, unfortuately some made it clear from the start that they thought it would end it tears and they are the ones who are now accusing others of being boring.
 
I am interested how the French will respond to the terror attacks and whether Le Pen will get in, in some ways it will be good for us if she does, because it will be easier to negotiate with her then Hollande, I wonder if that is what May is waiting for?
Having a neo nazi in power in one of the most powerful countries in the western world will not be good for anyone.
 
Milo I think the interesting thing in politics now is not even brexit and what sort of deal we get, it is now Trump and the USA elections, then elections in Europe next year, referendum for the Austrians or is it the Hungarians on whether to except refugees. Europe could stay as it is, but it could also look very different this time next year.

I am interested how the French will respond to the terror attacks and whether Le Pen will get in, in some ways it will be good for us if she does, because it will be easier to negotiate with her then Hollande, I wonder if that is what May is waiting for?

I get what you are saying and I know that you are not endorsing Le Pen's extreme right-wing views in any way - but someone of her ilk winning an election in one of the EU's leading countries would have awful knock-on effects across Europe. No thanks. (Her party will however undoubtedly get a bigger share of the vote next year, which is scary enough).
 
I get what you are saying and I know that you are not endorsing Le Pen's extreme right-wing views in any way - but someone of her ilk winning an election in one of the EU's leading countries would have awful knock-on effects across Europe. No thanks. (Her party will however undoubtedly get a bigger share of the vote next year, which is scary enough).
That increase in vote share might be enough to make Europe forget its silly little federalist experiment though, which (assuming their votes then dropped again) would be a good thing.
 
That increase in vote share might be enough to make Europe forget its silly little federalist experiment though, which (assuming their votes then dropped again) would be a good thing.

It might, but it probably wouldn't. Too many vested interests for that to happen at this time.
And far too much of a risk that the votes might not drop off for there to be any bright side to an uplift in the NF's popularity.
 
What leaders all over Europe have to get a grip on is why so many voters are feeling that are not being looked after, that is the main reason so many are turning to what some call the extreme partys.
 
Right my last post for 2 weeks as we are off to Disney World, if the planes are on time, they always seem to be delayed at Heathrow when I catch them.

Read this and thought it pertinent to the topic::

Exports to the European Union now account for just 12 per cent of Britain's economy and companies are looking elsewhere for trade.

The Office for National Statistics' Pink Book – which details the economy's reliance on imports and exports – shows our focus on Europe has dropped steadily for the past five years.

British businesses now earn £222.4billion by selling goods and services to EU countries – equivalent to 12.1 per cent of total economic output.

But the amount sold to nations outside the bloc is higher – at £287.9billion, or 15.7 per cent of the economy.

The ONS also said that British exports grew at a world-beating pace in 2015 for the first time since 2006.

It added: 'Within this the UK has seen increased trade activity in goods with non-EU countries, with their share exceeding that of EU countries in the last four years.'

Campaigners argued that the figures showed the UK should look beyond the EU as it sought opportunities for growth.

They said the country was not reliant on the bloc and could afford to be bold in the Brexit negotiations ahead. John Longworth, former head of the British Chambers of Commerce, said: 'Exports to the EU represent an ever-smaller element of our economy but the benefits of Brexit are applicable to the whole of the economy.

'Brexit will allow Britain to become a great trading nation once again. We need to grasp this opportunity.'

Goods exports to the EU now stand at £134billion, but we sell £151billion to the rest of the world.

Britain has sold more goods outside the EU than within it for the last four years. This started in 2012 as the eurozone plunged into crisis and has never recovered.

And in the services market – an area where Britain is particularly strong – we sell £88.9billion to Europe, but £136.6billion elsewhere.

Institute of Directors economist Michael Martins said the developing world was an increasingly important market for British goods.

As its consumers become richer, they get more discerning and seek out higher-quality goods and it is this area where Britain excels.


The trade deficit now stands at £38.6billion, up from £36.2billion a year earlier.

And the EU sells £68.5billion more goods and services to the UK than the UK sells to it.

Although the deficit is generally a problem, it has been argued European exporters' reliance on the UK makes their governments more likely to be flexible when it comes to striking a new deal.

Meanwhile, it emerged that government officials or prominent business figures in 27 countries have declared a desire to secure a post-Brexit trade deal with Britain.

Out of the ten largest economies in the world, only two, France and Italy, have not yet made moves.

The impact of Brexit on the UK economy is likely to be short-lived, according to the boss of Barclays.

Speaking as the bank unveiled better than expected half-year profits of £2.1billion, Jes Staley stressed that they are willing to give credit to families and businesses.

The CEO said: 'We're open to extend credit and we're going to do it prudently.'

Happy days, I am going on my hols so anyone replying to this I wont see it for a couple of weeks, but as all those posters say everywhere. KEEP CALM AND CARRY ON.

:)
 
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