The Consequences of Brexit [part 4]

[L00b]

Carny convinced the MPC to half the base rate just after the referendum, only to put it back a year later because it wasn't necessary.

Are you sure that rise a year later didn't have anything to do with soaring inflation caused by the 20% devaluation of Sterling after referendum day, by any chance?

Carney is no oracle but he is on the lookout for his next job and it won't be in the UK.

QFT, if he's got any sense (...and by the evidence of his BoE leadership to date, the fact is he's got tons).

When people see him doing daft things like changing bank rates when he doesn't need to, he's going to be unemployable.

It's only daft to people who don't understand the hows and whys

 

Given the political context in which he's had to work for the past couple of years, he's got to be the most employable central bank manager going, alright. Wouldn't surprise me one bit to see him going on to head the IMF.

Edited January 29, 2018 by L00b

[Car Boot]

The Bank has been careful not to publicly quantify the effect of the referendum, but Carney’s words echoed those in a new report by the Institute for Fiscal Studies (IFS), whose chief declared bluntly yesterday “the Brexit dividend does not exist”.

 

The Brexit dividend for Goldman Sachs does not exist.

 

And that's why the bankers hate it so very much.

[chalga]

Carny convinced the MPC to half the base rate just after the referendum, only to put it back a year later because it wasn't necessary. Carney is no oracle but he is on the lookout for his next job and it won't be in the UK.

 

When people see him doing daft things like changing bank rates when he doesn't need to,he's going to be unemployable.

 

---------- Post added 29-01-2018 at 16:22 ----------

 

The Brexit dividend for Goldman Sachs does not exist.

 

And that's why the bankers hate it so very much.

 

And just wait while they want to use the NHS,that'll show 'em.

[ez8004]

http://www.bbc.co.uk/news/uk-politics-42861496

 

Hahahahaha

[L00b]

http://www.bbc.co.uk/news/uk-politics-42861496

 

Hahahahaha

 

Downing Street spokesman said: ''There is obviously going to be a negotiation on what the implementation period looks like.

 

''The formal directives will be released this afternoon. This will be a negotiation and there will naturally be some distance in the detail of our starting positions."

If that 'negotiation' is anything like the 'negotiation' that followed the publication of the EU guidelines about phase 1 (and why should it differ?), then it should go:

 

Barnier: here's the EU position; sign here, here and here.

 

<much public testiculation by May, Davis, Bojo, Reese-Mogg, etc. whilst Corbyn & co continue to sit silently on the fence in the shadows>

 

[23:59:59 on last day] May: <scritch, scritch, scritch> there, there and there, done.

 

[Magilla]

[23:59:59 on last day] May: <scritch, scritch, scritch> there, there and there, done.

 

 

Pretty much I'd imagine.

 

EU to UK: You won’t set rules during Brexit transition

https://www.politico.eu/article/eu-ministers-uk-gets-no-say-over-blocs-rules-during-brexit-transition/

“We gave Michel Barnier today a mandate to explain rather than to negotiate. On Transition, it isn’t really a negotiation”

[andyofborg]

Davis, maybe, but after his recent performance with regard to those impact assesments, I'm not sure he's overly electable.

 

Doubt Mogg or Boris would want it, it's a poison pill, inevitably the need for compromise as reality sets in would destroy their credibility with their supporters.

 

it could be almost anybody, there isn't a clear front runner and pretty much any of the obvious possibilities wouldn't be much better at bringing the two sides of the party together.

[SnailyBoy]

Brexit impact assessment- UK will be worse off in every scenario outside the EU.

 

 

http:// https://www.buzzfeed.com/albertonardelli/the-governments-own-brexit-analysis-says-the-uk-will-be?utm_term=.ewrZr06G5#.dnkN0W9M4

Edited January 29, 2018 by SnailyBoy

[andyofborg]

Brexit impact assessment- UK will be worse off in every scenario outside the EU.

 

 

http:// https://www.buzzfeed.com/albertonardelli/the-governments-own-brexit-analysis-says-the-uk-will-be?utm_term=.ewrZr06G5#.dnkN0W9M4

 

so no unicorns then?

[hackey lad]

Brexit impact assessment- UK will be worse off in every scenario outside the EU.

 

 

http:// https://www.buzzfeed.com/albertonardelli/the-governments-own-brexit-analysis-says-the-uk-will-be?utm_term=.ewrZr06G5#.dnkN0W9M4

 

Fake news ....