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[fireplace22] 16/12/2018 11:00

Brucie as the good Doctor Fox pointed out this is a withdrawal agreement; discussions on a trade deal haven't even started but why let facts get in the way of a good soundbite?

[pendragon2] 16/12/2018 10:49

The UK has capital locked up in the ECB, which is due to be repaid in eleven annual payments, 10x3bn and 1x the residue if the Barnier Proposals accepted.

Under a no deal situation, the UK can insist on this being repaid immediately and I would propose a national fund for the following purpose.

1. 365m x 5, for the NHS.

2. The rest to go into a National Development Bank to provide loans as working capital for SME's (say 10billion), loans as working finance for Affordable housing, (say 10bn) and the rest for key infrastructure.

3. Say loans were for 10 years, available at 5% interest with no repayments of capital for the first couple of years, they could become a perpetual source of resources for the UK, much as the German funds for Reconstruction and Development fostered the 'economic miracle' in the nineteen fifties.

If the EU doesn't want to repay immediately, then the ECB shares could be offered to the highest bidder (including a seat on the board).

[brucie5] 16/12/2018 09:15

Maybe he'll apologise for failing to understand that this wouldn't be the 'easiest trade deal in history'? Or perhaps he will claim this was just a matter of 'semantics', lol.

Or maybe he'll simply blame it all on anybody else, and particularly on the EU, who have simply enacted what they said, that you couldn't pick and choose between the four freedoms.


How dare they do what they said they would!

[fireplace22] 16/12/2018 08:55

Maybe we should just wait to see what he says?

[blusteradjuster] 16/12/2018 08:51

Perhaps Fox will lecture us on being lazy and fat.

Maybe he thinks we should work 40% more hours like low-tax, low-hourly-wage Singapore.



Britain is "too lazy and too fat" with businessmen preferring "golf on a Friday afternoon" to trying to boost the country's prosperity, Liam Fox has said.

The international trade secretary's remarks, at a Conservative Way Forward event, were recorded by the Times.

Downing Street said he was clearly expressing private views.

Richard Reed, Innocent Drinks co-founder, said Mr Fox "had never done a day's business in his life".

[fireplace22] 16/12/2018 08:36

See what if anything Liam Fox can add this morning on the Marr show. He's not quite the May sycophant as some of the other Cabinet members.

[brucie5] 16/12/2018 08:16

"Semantics" - Oh I get it: like that £350 on the side of a bus. Or 'the easiest trade deal in history'. How come you guys have such a problem with 'semantics' lol.

"set for a no deal?"

Whatever gives you that impression? Majority of MPs set against it.

Sorry if you find this nitpicking terribly 'rude'. Some might be more concerned for the truth.

[taurusthebear] 16/12/2018 08:13

Semantics, Brucie.

I notice even Theresa is bashing Tony's intrusiveness now. The people must be obeyed! In that case where did the Chequers Plan come from?

Looks like we're all set for a no-deal (apart from the fact that no-one can believe a word the PM says...). :0)

[brucie5] 16/12/2018 07:44

Taurus, it's a few more than Tony Blair, though it may suit your characterisation to pretend so; and I hadn't heard him scream, had you?



Sorry, if this is rude to point out.
;)

[alphorn] 15/12/2018 23:49

Have just watched the film 'The Big Short' again. A good reminder of the consequences to 'the little people' of macro 'events' - in this case the sub prime loans, etc.
The packaging and repackaging of the debt plus the synthetic CDO multipliers were treated like a game until the reality set in.
I do see parallels with what is going on with current UK/EU negotiations - plenty of egos and gamesmanship. Who will pick up those pieces?
A depressing view - good night. :(

[maxk] 15/12/2018 20:20

Thank you mro, altho I cant claim to be the first to post that link up.


Bruce: Just in case you are telling porkies, you fell for the goose bait just like I thought you would, lol :-)

[brucie5] 15/12/2018 20:15

Max, filtered from hereon in, but curious that you should prefer the lazy habit of name calling to the more exacting task of arguing a case. Is that because you find you have no good arguments?
Taurus, perhaps you should be more consistent in your charge of rudeness, unless it's not really rudeness, so much as difference of opinion that you find hard to accept?

Re the petition, I look forward to seeing it meeting with the same hilarious outcome as Wednesday's vote. But good luck with that one. I think you may need some.

[mroalan] 15/12/2018 20:05

Max,i,ve lifted that over to the gold thread,cheers,mro.

[maxk] 15/12/2018 18:57

FAO: Bruce the €U snowflake

[brucie5] 15/12/2018 17:34

Alphorn
15 Dec '18 - 17:24 - 70519 of 70519
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At today's date there are only losers. Autodestruct may be difficult to switch off.
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Alphorn, have a tick up. Never a truer word.
And what is evident on this bb will be repeated in countless homes this Christmas. I can't think of a moment in my lifetime when society has been more divided. Not even during the Miners' strike, when at least there seemed to be clear geographical and political divisions.

[alphorn] 15/12/2018 17:24

At today's date there are only losers. Autodestruct may be difficult to switch off.

[7kiwi] 15/12/2018 17:18

There is a National Nervous Breakdown.

It is amongst the ultra-Remoaners who have been driven quite mad by Brexit Derangement Syndrome.

[mount teide] 15/12/2018 16:56

On re-reading the Government's EU Referendum pamphlet produced at a cost of £9m to the taxpayer, to 'help' the electorate 'understand' the issues involved - it is very apparent that there was no attempt whatsoever to present the facts for and against in an impartial way - it was pure remain propaganda. And despite throwing the full weight of the Government's institutions behind it, they still could not win!

[brucie5] 15/12/2018 15:31

The big problem here in sunny Germany is that the potential alternatives to the current dysfunctional compromise are all deeply unattractive. Perhaps the UK has a similar dilemma, I don't know.
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I think the answer to that one would be err, let me think about it: YES.
Though perhaps in our case the word 'dilemma' is to understate the problem somewhat.
How about National Nervous Breakdown?

[pendragon2] 15/12/2018 14:18

brucie - having skim read the UK press today, I agree. You need a new government and a new opposition.
The big problem here in sunny Germany is that the potential alternatives to the current dysfunctional compromise are all deeply unattractive. Perhaps the UK has a similar dilemma, I don't know.

[brucie5] 15/12/2018 13:32

PENDRAGON2
15 Dec '18 - 13:13 - 70509 of 70510
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brucie - i also favour a free trade agreement
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Pen, I favour all sorts of things, including the Tooth Fairy, and Peace to all Mankind, but we have is a national gridlock, because so much was promised that cannot be delivered.

In particular, I would like to know how, given that Parliament does not want a Hard Brexit and is extremely unlikely to countenance one, we are possibly going to avoid a Second Referendum. The only path to avoid it, would be a coming together of all interested MPs across the party divides, to agree on what would be a very soft Brexit indeed, and hardly one acceptable to JRM, let alone the Bonkers Crew on this board, if they are in anyway representative.

And then we will need to decide on the question.

Unfortunately, those who voted for Brexit were given no clear idea of what that meant, so it has come to mean all things to all people. So when it comes to pinning it down, that wonderful coalescence of ignorance comes rapidly apart.