The Consequences of Brexit [part 4]

[alchresearch]

Some NI dairy farmers were concerned about a lack of border on the news this morning.

 

They said that people in the North would just use farms in Southern Ireland which can offer cheaper products thanks to their EU subsidies.

[Carlinate]

 

 

 

In her Irish News article, May said: “There should be no physical border infrastructure of any kind on either side of the border between Northern Ireland and Ireland. I want people to be absolutely clear: the UK does not want to see border posts for any purpose.”

 

She said Brexit would not undermine the relationship between Britain and Ireland.

 

“No one voted to end the special ties between the UK and Ireland or to undermine the unique arrangements between Ireland and Northern Ireland which have underpinned the peace process and have been in place well before our membership of the EU,” she said.

 

Which is a completely contradictory statement from the one that Whitehall gave the Telegraph stating that " The EU will be legally responsible for any hard border imposed after Brexit ".

 

If the EU is legally responsible for the way in which the land border is operated then it will be their decision, and the UK will have no say.

 

So much for ' unique arrangements which have underpinned the peace process '.

 

This " having our cake and eating it " plan doesn't appear to be working out as envisaged.

[L00b]

Some NI dairy farmers were concerned about a lack of border on the news this morning.

 

They said that people in the North would just use farms in Southern Ireland which can offer cheaper products thanks to their EU subsidies.

They were never concerned about a lack of border when trafficking red diesel with the South, though...

[Jeffrey Shaw]

Have to admit it's getting a little confusing.

Only because it's a work in progress and subject to the continuing negotiations.

Nobody on either side can foresee the future. The outcome is still impossible to predict.

So don't.

[Carlinate]

Only because it's a work in progress and subject to the continuing negotiations.

Nobody on either side can foresee the future. The outcome is still impossible to predict.

So don't.

 

Well I can definitely predict one thing, it isn't going to end well for the UK.

 

On the front page of today's Times there is a report which states that David Davis's former chief of staff has accused him of ' Only working a three day week since day one' and 'Not bothering to read his red boxes '.

 

He backs up the claim that Davis isn't reading his red boxes and isn't up to speed with what's going on by pointing out that Davis tweeted that trade deals with non EU countries would remain in place after Brexit ' until either side wanted to negotiate '.

 

Complete nonsense, the agreements are null and void immediately Brexit happens, Davis had been briefed on that fact but obviously hadn't bothered to read it or alternatively understand it.

 

The people charged with delivering Brexit aren't up to the task.

 

It's a shambles, and the most likely outcome as it currently stands is that we end up having to conform to EU rules, contribute to their costs and have no vote in any future decision that the EU takes.

 

No doubt the Brexiteers will blame it all on the EU, despite it being our choice to leave and commonsense dictating that that would mean that we lose the advantages of membership as a result.

[I1L2T3]

Only because it's a work in progress and subject to the continuing negotiations.

Nobody on either side can foresee the future. The outcome is still impossible to predict.

So don't.

 

Have you any idea how that kind of approach would destroy business confidence. If not look at the news.

 

You lot are clueless. Completely clueless

[Carlinate]

Excellent article pointing out the problem that the land border between the EU and UK is causing in negotiations.

 

https://disq.us/url?url=https%3A%2F%2Fwww.theguardian.com%2Fcommentisfree%2F2017%2Faug%2F16%2Fuk-government-border-proposals-ireland-brexit-position-paper%3Ax9pgRjYXHBYecFNCUCCP4wpIMRk&cuid=3093723

 

The British governments proposal is wishful thinking, which sums up most of their approach to Brexit.

 

Another problem for the country is that the US government has filed a lawsuit over the LIBOR scandal through the Federal Deposit Insurance Corporation against Barclays, Lloyds and RBS alleging collusion.

 

$400 Billion is the amount at stake.

 

Additionally PWC has just been fined a record £5.1 Million for 'audit errors'.

 

While Price Waterhouse Cooper is an American owned corporation it is headquartered in the City of London.

 

After Brexit the UK will be desperate to hold on to the City which contributes 22% of the UK GDP.

 

The City has already lost jobs to Dublin, Paris and Frankfurt. Over 9,000 jobs have already been relocated or are in the process of moving and it's estimated that up to 70,000 may eventually be at risk.

 

All is fair in Love, War and Business.

 

The UK has placed itself in the position of being fair game for competitors to take advantage.

 

Loss of trust in the City's activities will help enormously in attracting companies elswhere.

 

Lose 'Passporting' rights and it's a perfect storm.

 

Describing it as a shambles is being kind to what's taking place.

[L00b]

Lose 'Passporting' rights and it's a perfect storm.

That has long been a given (since before the referendum, whence its consequences were part and parcel of 'Project Fear'), and MiFID II wouldn't help UK banks offset the loss much.

 

With the ongoing relocation of the EBA from the City (besides that of the EMA and a few dozen other EU agencies), the loss of passporting rights is a given I'm afraid.

Only because it's a work in progress and subject to the continuing negotiations.

Nobody on either side can foresee the future. The outcome is still impossible to predict.

So don't.

I take some issue with your debate-suppressing tactics, Jeffrey.

 

Surely, whenever anyone happen to be negotiating anything with anyone else, each side does so with at least a desired outcome in mind, and preferably a negotiating game plan as well.

 

Now, sure, that desired outcome is not a prediction of what will be (and that particular mini-debate was had ad nauseam with unbeliever BITD), only a prediction for what should be if the negotiations go according to plan.

 

All along during the negotiations, and until they conclude, if details of that desired outcome are publicised, and likewise details of the negotiations, then all of that is ripe for the debating, including inter alia the chances for one party and/or the other of attaining their respective desired outcomes in view of ongoing negotiations.

 

So, why shouldn't people discuss all that?

Edited August 17, 2017 by L00b

[Cyclone]

It's also quite likely that you have a good idea of things that are impossible to achieve as a negotiation outcome, so why pretend that they might happen, it's deliberately to avoid conceding that brexit was a fools game right from the start.

[Carlinate]

That has long been a given (since before the referendum, whence its consequences were part and parcel of 'Project Fear'), and MiFID II wouldn't help UK banks offset the loss much.

 

With the ongoing relocation of the EBA from the City (besides that of the EMA and a few dozen other EU agencies), the loss of passporting rights is a given I'm afraid.

 

No need to be afraid, once the consequences become painfully clear and start to hurt members of the establishment we may see some commonsense start to take effect.

 

The biggest Achilles heel of the British is arrogance, a belief in British exceptionalism mainly fostered by the English, who were the ones that voted for Brexit.

 

When it finally sinks in that the Empire is gone never to return, and that other countries aren't prepared to acquiesce to our every whim, hopefully pragmatism may make a much needed return.

 

The problem being of course that we are currently saddled with second and third rate politicians.

 

On another political website that I view the negotiations were summed up as " Whitehall, let me introduce you to the descendants of Richelieu, Bismark, Machiavelli and Tallyrand. EU let me introduce you to the descendants of Benny Hill! "

 

Harsh maybe but with a certain element of truth at the present.