The consequence thread (Brexit)

[L00b]

You won't need much navigation to get there then, right round the corner from the central station

Not much indeed

 

Thanks for the pointers again, got to buy you a pint or 3 soon

[petemcewan]

tzijlstra,

 

Thanks for the tip on the wine from Netto. I shop there all the time.

 

Do you have a view on how "neoliberal" economics might have played a part in driving the Brexit result ?

 

I might have missed it when following the thread. But there doesn't appear to be any reference to neoliberalism in the thread.

[tzijlstra]

Not much indeed

 

Thanks for the pointers again, got to buy you a pint or 3 soon

 

Deal

 

tzijlstra,

 

Thanks for the tip on the wine from Netto. I shop there all the time.

 

It's Barnards Hill, actually a Sauvignon Blanc, not a Chardonnay, but for 3,80... so cheap! I have yet to find a better alternative below 6£ so certainly give it a go!

 

Do you have a view on how "neoliberal" economics might have played a part in driving the Brexit result ?

 

I might have missed it when following the thread. But there doesn't appear to be any reference to neoliberalism in the thread.

 

Tricky question because it goes straight to the heart of many things we believe, experience and do. Let me begin with a disclaimer: I am an unashamed market liberal because I believe that is the best way of organising society.

 

That out of the way, we have to analyse who voted leave and why. A friend of mine in geology has made some very interesting maps and diagrams that show that it is mainly a case of people with lower qualifications, lower average income and generally less well off than those that voted Remain.

 

That certainly hints at the fact that neoliberalism, or indeed the aversion of neoliberalism, is a factor in this vote. As you no doubt have seen in the 'Vox Populi' pieces on the telly, many voters voted against the establishment. In my opinion that is partly a response to neoliberalism.

 

I could go into the reasons why that is in fact playing neoliberalism in the hand, but I don't really want to go expand on that too much, the vote has happened and the country must now find the best way forward.

 

One side-note I will make though, as I don't think it can be made enough, the EU27 (minus the UK) are far less neoliberal than the UK is. Germany, France, the Benelux, the Scandinavian countries, the Mediterrannean countries, they have far stronger socialist elements in politics and society than the UK has.

[L00b]

That certainly hints at the fact that neoliberalism, or indeed the aversion of neoliberalism, is a factor in this vote.

Topically, interesting take on the referendum in this piece.

 

Abstract the heartstring-pulling theme, and what you are left with is a stinging criticism of years of neoliberalism which, IMHO, hits the issue squarely between the eyes.

 

In other recent consequences news, easyJet is getting a country move in motion. In corporatespeak, 'relocating HQ' means moving the tax domiciliation, for those who may not read between lines.

Edited July 1, 2016 by L00b

[tzijlstra]

Topically, interesting take on the referendum in this piece.

 

Abstract the heartstring-pulling theme, and what you are left with is a stinging criticism of years of neoliberalism which, IMHO, hits the issue squarely between the eyes.

 

In other recent consequences news, easyJet is getting a country move in motion. In corporatespeak, 'relocating HQ' means moving the tax domiciliation, for those who may not read between lines.

 

Certainly a very good writer.

 

On Easyjet - Hello Dublin! - looks like that third runway for Heathrow will in fact be a second runway for Dublin ...

[L00b]

On Easyjet - Hello Dublin! - looks like that third runway for Heathrow will in fact be a second runway for Dublin...

It doesn't sound like they're looking to move (many-) jobs, or planes (and I doubt O'Leary and Aer Lingus would let them anyway ).

 

It appears to be regulatory-based motivations (got to be EU-HQ'd to continue enjoying benefits of EU flight-related legislation and systems), though I've little doubt the choice would be between IE (because corpo tax rate) and LU (because local corporate law and financial systems/environment).

 

If they were moving planes/local slots, LU would be nice though, their airport is first class but woefully under-used and destinations-poor (...and it'd make visiting the family so much easier )

Edited July 1, 2016 by L00b

[DnAuK]

Not much indeed

 

Thanks for the pointers again, got to buy you a pint or 3 soon

 

Tim talks a lot of sense and I have always found him to be really helpful on here.

 

However, something else you might want to look at is http://www.numbeo.com

 

I used it for comparing city living across the world. Gives you everything from house prices to a meal out and a loaf of bread.

[tzijlstra]

It doesn't sound like they're looking to move (many-) jobs, or planes (and I doubt O'Leary and Aer Lingus would let them anyway ).

 

It appears to be regulatory-based motivations (got to be EU-HQ'd to continue enjoying benefits of EU flight-related legislation and systems), though I've little doubt the choice would be between IE (because corpo tax rate) and LU (because local corporate law and financial systems/environment).

 

If they were moving planes/local slots, LU would be nice though, their airport is first class but woefully under-used and destinations-poor (...and it'd make visiting the family so much easier )

 

I've never even realised Luxemburg had an international airport... I just realised that I've only been to Luxemburg once and that was basically because we got lost in the Ardennes and the road signs looked different

 

Having said that - my comment about Heathrow is, I suppose another consequence of Brexit. It has been argued for decades now that for the UK's economy it needs more capacity in the airports, looks like that decision will be kicked into the tall grass, again.

 

Tim talks a lot of sense and I have always found him to be really helpful on here.

 

However, something else you might want to look at is http://www.numbeo.com

 

I used it for comparing city living across the world. Gives you everything from house prices to a meal out and a loaf of bread.

 

Well, that is lovely, but you can't all buy me three pints, I am on a diet Nice site by the way, will have a play with it.

[DnAuK]

I've never even realised Luxemburg had an international airport... I just realised that I've only been to Luxemburg once and that was basically because we got lost in the Ardennes and the road signs looked different

 

Having said that - my comment about Heathrow is, I suppose another consequence of Brexit. It has been argued for decades now that for the UK's economy it needs more capacity in the airports, looks like that decision will be kicked into the tall grass, again.

 

 

 

Well, that is lovely, but you can't all buy me three pints, I am on a diet Nice site by the way, will have a play with it.

 

The way the pound is going Tim, we'll have to buy you a pint each!

 

BTW some additional info (for L00b) from an Englishman abroad POV. My bosses daughter has recently completed a uni course in Maastricht and loved it. With plans to get a job in Amsterdam, she is actually looking at living in Utrecht (one of Tim's thoughts). Apparently it's vey nice.

[Quik]

Not a direct consequence but may impact on negotiations. The Austrian election has been annulled due to postal voting fraud and will be rerun.