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

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6 hours ago, vinny41 said:

There is not need for "MY kind" to come up with a solution, we gave out directions to the UK Goverement on 23rd June 2016 and we are waiting patiently for the Goverment to carry out the instructions of 17.4 million voters. You not find a single post on this forum where I have complained about leaving 

"My Kind and the other 17.4 million people that voted to leave are waiting for the UK Government to carry out the instructions that we gave them on 23rd June 2016.

“The greatest lie of the EU referendum was not the NHS pledge plastered on the side of a bus. It was the government’s pledge that it would enact whatever we voted for. It is this lie that the people will not forget, or forgive," writes Brendan O’Neill

https://twitter.com/spikedonline?ref_src=twsrc^google|twcamp^serp|twgr^author

I have no doubt that the CON government would indeed have forced through the referendum opinion. However, they no longer have a majority and parliament is not bound in any way. 

 

By all means take it out on the CONs; be my guest. However, parliament is sovereign.

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29 minutes ago, Grouse said:

I have no doubt that the CON government would indeed have forced through the referendum opinion. However, they no longer have a majority and parliament is not bound in any way. 

 

Yeah, that was money well spent on the DUP, eh?

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16 hours ago, bomber said:

good point,but what makes you think the UK standing alone with a Labour Govt and most likely going into a recession is going change the bankers and their cronies,we will be much weaker and they know it,they are quids in already and with more to come,i dont think they (blair/soros etc) are bothered if we leave or stay,the UK and JC are hardly heavyweights

I had to think with clear head (after the NY wine consumption), before responding to this excellent post.

 

Assuming a Labour government is elected, it is no foregone conclusion that JC could actually get to grips with 'The City'. It is a law unto itself, and is not officially part of the UK. It has it's own laws, and even its own police force. It is so entrenched as the number one financial hub in the world that I can't see any significant changes there. It will be banking as usual IMO. However, in saying that, I reckon he will 'try' to reign in the BoE, which is a private concern that is surrounded in secrecy and has its own special laws and regulations. He will, IMO, get the BoE to be more transparent**. At the present time gleaning info' is impossible.

 

AS for your suggestion that the UK will 'most likely going into a recession". I don't agree. There will be initial confusion over certain issues, but, I'm sure we will adjust and adapt. It is not often said on these Brexit treads, but the German manufactures (and others) are lobbying their Parliament about the potential loss of trade.

 

JC is in a funny (strange) position. He has barely 40 MPs that he can count on in parliament but massive support amongst members. He has kept his head down over Brexit. I personally would like him to revert to the original Labour position on the EU (it was then Common Market).

 

I do think that Blair cares about being out of Europe. Brexit would, after the next election, (which Labour could win) he could be irrelevant unless he starts up a new re-join party (sort of UKIP flipped). This is not so far-fetched, because a 'ReJoin' party would cut across parties and be extremely popular in many UK areas. Although he could just join the Libs.

 

Finally; the US, would not want a pacifist at number 10. No, no, no!!s. The whole world 'hidden-hand' community is gradually ratcheting up the 'them and us' theme. The 'bend the knee' countries, would lose one of their clique

 

** PM me for more info. Can't put it on this thread.

 

 

Edited by owl sees all
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1 hour ago, vinny41 said:

The UK is due to leave the European Union on 29 March, 2019 - it's the law, regardless of whether there is a deal with the EU or not.

If there is no UK request or no EU agreement to extend the negotiations, or if either the UK Parliament or the European Parliament or the other 27 EU Member States do not endorse the negotiated withdrawal agreement, there will be no ‘deal’ and the EU Treaties will no longer apply to the UK from 29 March 2019.

http://researchbriefings.files.parliament.uk/documents/CBP-8397/CBP-8397.pdf

And? Parliament can do as it wishes, when it wishes.

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1 hour ago, vinny41 said:

The UK is due to leave the European Union on 29 March, 2019 - it's the law, regardless of whether there is a deal with the EU or not.

If there is no UK request or no EU agreement to extend the negotiations, or if either the UK Parliament or the European Parliament or the other 27 EU Member States do not endorse the negotiated withdrawal agreement, there will be no ‘deal’ and the EU Treaties will no longer apply to the UK from 29 March 2019.

http://researchbriefings.files.parliament.uk/documents/CBP-8397/CBP-8397.pdf

 

good link, ta

very informative document

 

 

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1 hour ago, baboon said:

Yeah, that was money well spent on the DUP, eh?

costly propping up,

 

article in Bangkok Post today re DUP being totally opposed to the deal/backstop thing and will

for sure vote against

 

 

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46 minutes ago, Grouse said:

And? Parliament can do as it wishes, when it wishes.

Do you honestly believe this is a good point?

 

Edit - Particularly when it comes to democracy?

Edited by dick dasterdly
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1 hour ago, owl sees all said:

Assuming a Labour government is elected, it is no foregone conclusion that JC could actually get to grips with 'The City'. It is a law unto itself, and is not officially part of the UK. It has it's own laws, and even its own police force. It is so entrenched as the number one financial hub in the world that I can't see any significant changes there. It will be banking as usual IMO. However, in saying that, I reckon he will 'try' to reign in the BoE, which is a private concern that is surrounded in secrecy and has its own special laws and regulations. He will, IMO, get the BoE to be more transparent**. At the present time gleaning info' is impossible.

 

 

Not exactly true about The City not being part of the UK, but functionally pretty close. That said, while it may not be subject to jurisdiction from Parliament, it is subject to the jurisdiction of the EU. So its financial status there looks to be at least somewhat imperiled.

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52 minutes ago, Grouse said:

And? Parliament can do as it wishes, when it wishes.

maybe it can, dunno,

but it certainly does not look that way seen from LoS

 

just before xmas Corbyn tabled a non conf

 

 

response from #10 we are not interested in playing political games

 

before xmas, parliament debates the deal with a view to make a decision

PM stops the process - says January , looks like the parliament is under the PM's heel - just 2 examples, there has been similar events earlier where the PM "steers" the parliament

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4 hours ago, Grouse said:

And? Parliament can do as it wishes, when it wishes.

You have sat too long for any good you have been doing lately... Depart, I say; and let us have done with you. In the name of God, go!

 

A few honest men are better than numbers

The State, in choosing men to serve it, takes no notice of their opinions; if they be willing faithfully to serve it – that satisfies. I advised you formerly to bear with men of different minds from yourself:

 

 

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8 hours ago, rixalex said:

the vote was to leave and unless you do that first, before you begin the discussion about re-entering, you will completely disenfranchise a very section of people who would quite likely simply boycott another vote held before we leave,

If people sincerely believe that Brexit is the best future for this country, why would they boycott another referendum and so risk losing that?

 

What is far more likely is that many people who voted Leave last time, having seen the actual future consequences of Brexit or realised their reasons for voting Leave actually have noting to do with the EU, will change their minds and so vote to remain.

 

That is why ardent Brexiteers are so afraid of giving the people the, to quote @nontabury, 'Democratic' final choice; they fear losing.

 

Even Farage was last year in favour of another referendum; until he realised his side would probably lose!

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