Jump to content
Mad Ani

UK leaves EU and Prime Minister resigns

Recommended Posts

7 hours ago, Dundish said:

I'm just saying, socialism has never worked in a civilized society.

 

Yes because Scandinavia is such a shit society amirite?

ohh wait, together we top the list of almost everything from happiness, life expectancy, economic opportunity, Social flexibility, freedom, healthcare, low corruption, GDP per capita etc. etc. etc.

 

 

Share this post


Link to post
Share on other sites
3 hours ago, BLITZA said:

 

We're coming bro.

 

The union of the Commonwealth will make America and Russia quiver in their boots.

 

 

You forgot China..  and India.. and Japan.. oh whatever..  Good luck on your new venture.  Always good to see a little Independence, just don't cause any wars in the process.

Share this post


Link to post
Share on other sites
17 minutes ago, CageMatchKimsey said:

 

You forgot China..  and India.. and Japan.. oh whatever..  Good luck on your new venture.  Always good to see a little Independence, just don't cause any wars in the process.

And the Arabian states who are also not as poor as one might think, Saudi Arabia is one hell of a strong military and economy power

Share this post


Link to post
Share on other sites

Brits voted to leave the EU and now they are all frantically googling to see what the EU is. :D 

Utter chaos on the global stock markets now with the British pound falling into infinite oblivion. . 

 

Gold prices have soared, people who invested in gold or have gold physically or in stock just gained 5 percent of wealth in half a day and they will gain a lot now it's very bullish on buy. Gold prices is now on a 27-month high! :) 

 

Some insane insane facts,

 

Gold rose 17.7 percent in value against the British pound today!

British pound at one point lost 12 percent of it's value.

BP has never been so low since 30 years.

 

So to make it clear, if you had British pounds yesterday and bought gold you would of gained 20 percent profit in half a day's time.

Poor Brits what have you done?

Share this post


Link to post
Share on other sites
2 hours ago, Root said:

 

But everything he says is with his own opinion behind it/biased. He even starts it off with calling it all bullshit and without taking into account any benefits that could come from this by pushing fears that it will absolutely cause all hell to break loose. He never once talks about potential benefits only potential negative effects (sometimes claiming to know the outcome before it even happens) and then laughs off the entire side he disagrees with and then continues to label all Ukip voters / pro-Brexist people as racists etc etc and seems to think bigots existing in their movement somehow makes Brexist itself a bad idea.

 

You think that is funny and unbiased? Well I suppose it is for people who are aligned in the same way...

 

 

I personally love this show. That being said I dont agree with everything he says. He picks a side a runs away with it.

Edited by GreatDestroyerDT

Share this post


Link to post
Share on other sites

I think it's hilarious people think that's a good idea...Do they not realize the basics of the world economy and how trade works...Britain literally just voted away the only safety net they had for local industry...No, i'm sorry nothing "spectacular" for the nation will happen. The result if anything, will be a negative one. 

 

Share this post


Link to post
Share on other sites
10 hours ago, Dundish said:

I'm just saying, socialism has never worked in a civilized society.

 

Are you really from Sweeden? That's kinda embarrassing to say...you live in a political system that is defined as Democratic Socialism....it actually works pretty damn well...you know. 

Share this post


Link to post
Share on other sites

My thoughts are that this is going to adversely affect Berlin Paris and Amsterdam much worse than London.

London is now free of the truly insane economic regulations coming out of Brussels, meaning the London markets can now move forward becoming the Western banking center for Chinese capital investment, can now become the undisputed leader in halal investment vehicles, can outmaneuver and be much much more nimble than the Germans in regards to trade flows, currency flows, and barriers to trade and barriers to market entry.

 

Oh, and London just became the world center for insurance and reinsurance.  Paris' growing insurance center is dead within 10 years again.

 

The ripples going forward will bounce off of 27 member states and 20+ subergions looking for independence in the EU for many many years, while the UK will have simple straight forward problems that can and will be readily and quickly solved.

 

To put it bluntly, as a whole Scotland is a beggar social welfare state, if they choose to remove themselves from the UK, the subsidies from the EU will never be equal or greater than the subsidies from Westminster, and the representation and ability to lobby for sustained longterm subsidies (social welfare to corporate and everything in between) will be multitudes more difficult in Brussels than London.  On top of that, the Labour Party in the UK and Scotland (and the SNP) have a perverse incentive to make sure Scotland remains in the UK.  The national Labour party ceases to exist if Scotland leaves the Union.  Heck, even the SNP winning in 2015 was less costly longterm to the Labour Party than the total and permanent loss of the Scottish voter base.  The SNP would have to actually govern a state in a permanent account deficit and no forseeable industry to ever repay debts, you think the UK going from AAA to AA is bad, independent Scotland would be on par with Bosnia and Herzegovina at a B or BB rating.

 

And finally, some sort of sane immigration system might stop the abuse by corporations and employers putting employees unto social welfare, shifting the burden of employment back from the taxpayers to the employers, while also stabilizing the wage base for the 50%+ of British workers who work in the private sector and outside of white collar jobs.

Share this post


Link to post
Share on other sites
26 minutes ago, Fritz45 said:

 

Are you really from Sweeden? That's kinda embarrassing to say...you live in a political system that is defined as Democratic Socialism....it actually works pretty damn well...you know. 

 

By UN number crunching, Sweden will be a third world country within 20 years.  So probably not a good long term plan for the Swedes and the replacement population when the native Swedes all emigrate/flee.

 

http://ww.rrojasdatabank.info/HDRP_2010_40.pdf

Share this post


Link to post
Share on other sites

Purely socialist principles for countries with populations of a few million or more are fine. Australia has a population of 23 million and medicare is in serious danger of collapsing, the NHS in England is also on the verge. 

One size doesn't fit all.

Edited by warpigau

Share this post


Link to post
Share on other sites

I think the immigration is what turned many average Brita against Europe, the strain that this influx puts on medical, schools and police. The largest non Brit community is the polish where I was informed the minimum wage is 500 euro and in the countryside very little work.

 

So when I read that in order to have no tax barriers we would have  to let European workers come freely?

Share this post


Link to post
Share on other sites

Today we celebrate our Independence Day!  I just got out of watching the new ID Resurection film....kick some alien butt!  Yeah! Good job Briton!  Our independence brothers!

Edited by XRobinson

Share this post


Link to post
Share on other sites
12 hours ago, Mad Ani said:

Australia to Scotland? Damn that's going to be a contrast regarding the weather ^_^

I hate summer in Australia. It's unbearable. Winter in Scotland will be the trade-off. I've been before. It was comfortable :)

 

12 hours ago, BLITZA said:

Oh man where about in sunny Scotland? I'll send them a warning now  xD

Edinburgh :)

Share this post


Link to post
Share on other sites

I think America should put Briton to the front of the cue for a trade agreement...as opposed to what our president says to put you last in the cue for one...as if punishment is what allies do to one another.

Share this post


Link to post
Share on other sites
3 minutes ago, XRobinson said:

I think America should put Briton to the front of the cue for a trade agreement...as opposed to what our president says to put you last in the cue for one...as if punishment is what allies do to one another.

 

Threats from a president on the way out. .........oooooh we're scared.

Share this post


Link to post
Share on other sites

Well David Cameron seems to have fucked England up more than Obama ever could, so theres that.

Edited by warpigau

Share this post


Link to post
Share on other sites
7 hours ago, XRobinson said:

I think America should put Briton to the front of the cue for a trade agreement...as opposed to what our president says to put you last in the cue for one...as if punishment is what allies do to one another.

 

I agree. Obama wouldn't know the sun from the moon. The guy is a complete moron.

Share this post


Link to post
Share on other sites
10 hours ago, Fritz45 said:

 

Are you really from Sweeden? That's kinda embarrassing to say...you live in a political system that is defined as Democratic Socialism....it actually works pretty damn well...you know. 

 

If you think 60% of your salary going to the state is morally defendable and not having free speech then I guess we're doing alright.

Share this post


Link to post
Share on other sites

@BLITZAmay I ask what your prospects are for the future of the UK? I mean the leave campaign just made clear that they are aiming for access to the Single Market. Sovereignty is quite a unclear concept. What does it mean for you, because looking at the past 2 days, the journey is going into the opposite direction. I hope you know what that entails for the UK:

  • It has given up a 16% voting share and veto powers to the worlds largest trading bloc.

  • It is still going to have to accept most of the of EU regulations in order to be in the EEA.

  • It is still going to have to accept free movement of people in order to be in the EFTA.

  • The UK will still have to pay into the EU pot, but will get none of the say in how it's run.

  • The farmers and fishermen all over the UK are going to have to survive without CAP.

  • No more EU research grants for British Universities.

  • No more EU structural funds for places like Wales and Cornwall (and other poor places the national govt failed to invest).

Every country in the zone pays a fixed percentage of GDP, agreed upon in the Multiannual Financial Framework, which is currently set at 1.0% of GDP. Subtracting the UK's rebate and what the EU gives to the UK, the UK's actual net contribution is a fraction of a percent of GDP. What the UK gets out of this is access to the single market. Every economist will tell you that this is a bargain, because the direct economic benefit and increased growth you get out of it is already worth more than that (especially as the UK is not constrained by Euro rules or the Stability and Growth Pact). And even the money that goes to the poorer EU countries helps grow their economies, which makes them stronger trading partners, which in turn also helps the UK indirectly, because they can buy more goods and services and will preferentially do that within the EU due to the absence of trade barriers. That the UK risks throwing away this economic advantage because of some penny-wise, pound-foolish thinking boggles the mind.

  • By sharing common legislation and regulation, the Single Market widely removes non-tariff barriers of trade, and those are pretty damn important for trade
  • it prevents a race to the bottom in terms of environmental regulation or workers' rights,
  • it empowers the EU to do things like ban certain ingredients or practices in cosmetics or food, or some which were only tested on animals, or force recycling quotas and consumer rights, that effectively would have just removed products from markets had members attempted such things on their own,
  • it simplifies trade and imports by having a common certification process regarding conformity with those regulations,
  • and that to have all this, we need a mechanism (i.e., the EU) to effectively agree on such regulations in the first place.

 

If the UK wants to retain access to the single market, this fee will not go away (EEA/EFTA countries also pay for the privilege); depending on the level of access the British government negotiates during the Article 50 process, it may be lower, but the access to the single market would also be more restricted. This means there is no room for a net gain here, only a net loss (the EU will not give the UK more preferential treatment than EU/EEA conditions). The money that you "save" by not paying the fee would be outweighed by the economic cost of not having EU/EEA-level access to the single market.

 

Litoralis

Quote

"London is now free of the truly insane economic regulations coming out of Brussels, meaning the London markets can now move forward becoming the Western banking center for Chinese capital investment, can now become the undisputed leader in halal investment vehicles, can outmaneuver and be much much more nimble than the Germans in regards to trade flows, currency flows, and barriers to trade and barriers to market entry. Oh, and London just became the world center for insurance and reinsurance.  Paris' growing insurance center is dead within 10 years again."


That is simply not ture.

 

The real loss of BREXIT is the loss of passporting. ( Passporting | Bank of England ) Remember that the UK economy is dominated by the service sector, not goods. For many services, such as banking, insurance, and law, you can only offer those services under the supervision of a regulator as part of a legal framework. Within the EU, UK firms can offer their services across the EU while continuing to be regulated by their UK regulators. This is the very reasons why many firms decided to reside in London. The UK made sure that Financial regulation in the EU is not too harsh (they blocked financial transaction tax and more) and provide easy access to the Single Market for the banks, as well as being a connector between the US and Europe.


If UK leave the EU, it's not just that their services get more expensive. It's that it becomes illegal for them to offer said services, because suddenly they're not regulated by the UK regulator, but by the regulator of the country in which the services are being sold. And each regulator has different requirements.

For example, in banking and insurance, both have capital requirements. Under the passporting regime, companies just have to meet UK capital requirements. Without passporting, a UK company selling insurance services in, say, France, will have to meet UK capital requirements, but also instead of selling services directly from the UK to the French, will have to set up a French subsidiary that meets French capital requirements. This massively increases the cost of doing business and requires the company to set up extensive operations in France rather than merely running everything from the UK. It means the UK is much less attractive as a place to situate operations and in the long run those operations will decrease. Far better to situate operations in the EU, where you can passport services from one location to 27 states, and just have a subsidiary in the UK providing services to the UK domestic market.

It's important to note that passporting is unlikely something the UK can get in any free trade deal. Passporting, because it allows you to bypass the regulators of the state you're selling services in, requires a level of harmonisation between member state regulatory regimes. Otherwise a company from a country with a loose regulatory framework would have an unfair competitive advantage against firms in other countries, and would also export the economic risk of that loose regulation. So to passport financial services, a UK firm has to be compliant with a pile of EU regulations, such as: (see source above)

- Capital Requirements Directive (2013/36/EU);
- Solvency II Directive (2009/138/EC);
- Insurance Mediation Directive (2002/92/EC);
- Markets in Financial Instruments Directive (2004/39/EC);
- Undertaking Collective Investment Scheme Directive (85/611/EEC);
- Payment Services Directive (2007/64/EC);
- Second Electronic Money Directive (2009/110/EC); and
- Alternative Investment Fund Managers Directive (2011/61/EU).

The only way the UKcould have passporting after a Brexit, therefore, would be to remain subject to a large amount of EU law i.e. the EEA scenario. But EEA membership includes free movement of workers, which the Leave campaign are determined to remove. So that isn't really a realistic option.

 

So, in the end: Quo vadis UK?

Personally, I hope for a swift resolution, invoking article 50 sooner rather than later and the rest of the countries focussing on reforming the EU to be more transparent and democratic.

Share this post


Link to post
Share on other sites
On 24.6.2016 at 10:00 PM, Litoralis said:

 

By UN number crunching, Sweden will be a third world country within 20 years.  [...]

http://ww.rrojasdatabank.info/HDRP_2010_40.pdf

 


Did you link the correct PDF? Because it states no such thing.

 

Sweden has a HDI of 0.907 for 2014 (Wikipedia). The projections for 2030 for Sweden from your PDF state a HDI of 0.906 for 2030.

"Medium Development" status starts is a level of 0.650 (Moldova is the only European country that has Medium)

"Low Development" status is anything below 0.500

https://en.wikipedia.org/wiki/List_of_countries_by_Human_Development_Index

So, according to your link, Sweden will still have a "very high" development Index in 20 years, but let's not get into that in here.

Better not discuss politics in the forums at all.

 

 

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now

×