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Extreme Brexit could be worse than financial crisis for UK: BoE

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12 minutes ago, OneMoreFarang said:

Or do you think the UK will just trade with the USA, China, other countries but not the EU?

The EU doesn't make much, it just rebadges Chinese products.

Can't see any need to trade with the EU as China, India, Australia, NZ, America and S. Africa produce all.

It's actually cheaper to ship items from China to the UK than it is to ship items from Germany to the UK.

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And why we are about it; let's have a bit of reality about the Bank of England (BoE) and the 'City of London' (CoL). The privately run BoE and the unregulated CoL are independent of government and do what they like. They do however pull the strings when they think they need to.

 

The CoL is the biggest financial centre in the world and it will be business as usual after Brexit. Only a revolution or J Corbyn can bring it to order.

 

Let's get out from under the jack-boot of this European monstrosity. Elect a Labour government, put the 'great' back into the 'Great Britain'.

 

 

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3 minutes ago, owl sees all said:

 

And why we are about it; let's have a bit of reality about the Bank of England (BoE) and the 'City of London' (CoL). The privately run BoE and the unregulated CoL are independent of government and do what they like. They do however pull the strings when they think they need to.

 

The CoL is the biggest financial centre in the world and it will be business as usual after Brexit. Only a revolution or J Corbyn can bring it to order.

 

Let's get out from under the jack-boot of this European monstrosity. Elect a Labour government, put the 'great' back into the 'Great Britain' award.

 

 

A less painful and more sensible future might involve feeding one's self into a meat grinder!

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50 minutes ago, OneMoreFarang said:

And what do you think will happen after Brexit? Will the UK produce all they need within their own borders? Do they even have enough people to care about the old people?

Do you think the EK needs to trade with other countries? How do you think that will happen? Will the EU change their standards so that the UK can sell whatever they want to the EU? Or does the UK have to work according to EU standards to sell something to them?

Or do you think the UK will just trade with the USA, China, other countries but not the EU?

Look at reality. Then maybe you can still say you don't like the EU but maybe you will understand that they are better than any alternative.

There is no chance of the UK producing all their needs internally. Due to the climate alone it would be impossible. But, nobody is suggesting such a scenario. If the EU does not want to trade with post Brexit Britain(which is an insane suggestion!) the US is keen to work out a fair trade deal. The US is a huge consumer market, and UK goods have a definite status/coolness across the pond. The UK are huge consumers of European goods such as German automobiles and French plonk for example, do these industries want to stop exporting to the UK? 

 Post Brexit we need strong politicians to thrash out free and fair trade deals with the USA, China, the commonwealth countries, Africa. Doesn't sound so terrible does it? And after the ridiculous bluster from the eurocrats has passed you can bet pounds to pennies the Europeans will be gagging to make fair trade deals also. There has been way too much negativity towards all things Brexit, time to tone down the propaganda and get on with the realities of the situation. It's far from bleak.

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3 hours ago, welovesundaysatspace said:

Congrats, Brexiteers. Good job. Well done. 

Your congratulations are misplaced. You should be thanking the inept Teresa May & Co for such a [email protected]@ed up negotiation.

 

 

 

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3 hours ago, Briggsy said:

It is interesting to note that the issue of a report by B of E on the results of stress tests on banks (good all round) was abruptly and inexplicably delayed yesterday.

 

Analysts suggest that the results were "too good" for government interests, in that it states British banks would have no problems dealing with a hard Brexit. They, the government, needed more doom to pressure lawmakers to support May's deal.

 

This is simply more evidence, that the Bank of England long since ceased to be independent and is in lockstep with government interests.

And that this is the BOE's WORSE CASE SCENARIO....

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58 minutes ago, owl sees all said:

 

And why we are about it; let's have a bit of reality about the Bank of England (BoE) and the 'City of London' (CoL). The privately run BoE and the unregulated CoL are independent of government and do what they like. They do however pull the strings when they think they need to.

...

This is a bit long, but well worth watching for anyone who has the time.

 

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1 hour ago, TopDeadSenter said:

As a committed Brexiteer I take no notice of these ongoing and nonsensical threats from the establishment. Project Fear was a disaster and did not work, time to drop the negativity. To have our country back, in any shape or state, is a far better outcome than to remain in the failed experiment that is the European Union. Constant riots in France, shocking unemployment across the Spain, Portugal and Italy, porous borders and evil NGOs reeking havoc on the social cohesion across the board. Bully-boy non elected eurocrats telling us how to live and think. No. No. No. We will take a nice, fast, hard Brexit and we will be proud to be Great Britain once again.

 

Well put. Take the hit and be stronger after.

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1 hour ago, BritManToo said:

The EU doesn't make much, it just rebadges Chinese products.

Can't see any need to trade with the EU as China, India, Australia, NZ, America and S. Africa produce all.

It's actually cheaper to ship items from China to the UK than it is to ship items from Germany to the UK.

Give us an analysis to back that up or confess to talking nonsenses

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1 hour ago, owl sees all said:

 

And why we are about it; let's have a bit of reality about the Bank of England (BoE) and the 'City of London' (CoL). The privately run BoE and the unregulated CoL are independent of government and do what they like. They do however pull the strings when they think they need to.

 

The CoL is the biggest financial centre in the world and it will be business as usual after Brexit. Only a revolution or J Corbyn can bring it to order.

 

Let's get out from under the jack-boot of this European monstrosity. Elect a Labour government, put the 'great' back into the 'Great Britain'.

 

 

Unusual to have a blind owl!

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Jacob Rees Mogg has apparently called Mark Carney a 'failed second tier politician'. That's a bit rich coming from a man who has never shifted from the back benches, who took five years to achieve his 2nd class degree and who owes his current status solely to his parents' fecundity. Had he been born a regular Joe, he would have achieved nothing more than the mediocrity his abilities demand, and the country would not currently be blighted by his hard right rhetoric of greed.  

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48 minutes ago, TopDeadSenter said:

There is no chance of the UK producing all their needs internally. Due to the climate alone it would be impossible. But, nobody is suggesting such a scenario. If the EU does not want to trade with post Brexit Britain(which is an insane suggestion!) the US is keen to work out a fair trade deal. The US is a huge consumer market, and UK goods have a definite status/coolness across the pond. The UK are huge consumers of European goods such as German automobiles and French plonk for example, do these industries want to stop exporting to the UK? 

 Post Brexit we need strong politicians to thrash out free and fair trade deals with the USA, China, the commonwealth countries, Africa. Doesn't sound so terrible does it? And after the ridiculous bluster from the eurocrats has passed you can bet pounds to pennies the Europeans will be gagging to make fair trade deals also. There has been way too much negativity towards all things Brexit, time to tone down the propaganda and get on with the realities of the situation. It's far from bleak.

Where do you get the hilarious idea from that the big US would be interested in fair trade deal with the little UK? More likely Trump, or someone like him, will tell the UK: That's the deal we want, take it or leave it. And the USA won't be scared that the UK threatens they won't take it.

Countries all over the world are not interested in what it fair. If they have the advantage then they will use that advantage. That's reality - since forever.

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1 hour ago, BritManToo said:

The EU doesn't make much, it just rebadges Chinese products.

Can't see any need to trade with the EU as China, India, Australia, NZ, America and S. Africa produce all.

It's actually cheaper to ship items from China to the UK than it is to ship items from Germany to the UK.

Hogwash

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Its all just speculation ,nobody really has a clue what will happen ,if ,could ,maybe,on and on  and on .

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1 hour ago, simoh1490 said:

A less painful and more sensible future might involve feeding one's self into a meat grinder!

So I take it that you don't agree then simoh1490? Say why; if you could!

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