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The Consequences of Brexit [part 5] Read 1st post before posting


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The European Union wants Britain to stick to the bloc’s rules on state aid after Brexit.

 

The last thing the neoliberal EU wants is for UK transport and the essential utilities to be nationalised by a future Labour government.

 

Private competition, in which a tiny number of individuals get exceedingly rich while the UK public are charged excessively for a poor service, is the sacrosanct EU way of running an economy. For the benefit of the few, at the expense of the many.

 

Its the EU way.

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The EU needs to stop playing politics with peoples lives!

 

People have already died as a direct consequence of your vote.

 

Car Boot needs to stop playing politics with peoples lives!

 

---------- Post added 08-11-2018 at 12:38 ----------

 

Toshiba to liquidate UK nuclear arm NuGen

https://www.ft.com/content/3f655db2-e30a-11e8-a6e5-792428919cee

 

One industry figure described the NuGen decision as “another casualty of Brexit”.

 

---------- Post added 08-11-2018 at 12:41 ----------

 

Dominic Raab saying last night that in the past he had not fully understood the importance of the Dover-Calais border.

 

https://www.theguardian.com/politics/blog/live/2018/nov/08/brexit-cabinet-david-davis-urges-mps-to-vote-down-mays-brexit-deal-so-eu-makes-better-offer-politics-live

 

Indeed, this is Raab trying to play down how bad no-deal will be! :hihi:

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Before we blame brexit:

 

Toshiba will liquidate its UK nuclear arm NuGen and pull out of its US liquefied natural gas business as the crisis-hit industrial group seeks to eliminate risks.*

 

The decision on NuGen, which was to build the Moorside nuclear plant in Cumbria, is a setback to British plans to use new nuclear to replace energy capacity lost as coal-fired power stations close in the coming years.

 

The 143-year-old Japanese conglomerate has been looking to offload NuGen and other risky businesses as it recovers from a crisis triggered by massive writedowns on Westinghouse, its bankrupt US nuclear subsidiary that has now been sold.

 

The decision on Thursday came after earlier talks to sell NuGen to Korea Electric Power Corp (Kepco) fell apart.

 

Toshiba had also explored a sale to Brookfield, the Canadian asset manager that bought Westinghouse for $4.6bn in January. But with all options exhausted, it will begin winding up NuGen by January 31.

 

https://www.ft.com/content/3f655db2-e30a-11e8-a6e5-792428919cee

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Brexit will be a factor, as per Panasonics move the the EU, Japanese Anti-Tax Haven Rules means Toshiba probably can't take the risk of keeping it going without some form of government guarantee, and that's not forthcoming.

 

Brexit makes an already risky business more risky, particularly if you're a Japanese company :?

 

Hence industry insider comments & the GMB national secretary who urged the government to step in to "eradicate uncertainty".

Edited by Magilla
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EU militarisation is happening. A true EU army is not far away...

 

Emmanuel Macron has used the first world war armistice centenary commemorations to call for a “real” European army, warning that rising nationalism and populism threaten the fragile peace on the continent.

 

“We have to protect ourselves with respect to China, Russia and even the United States of America,” Macron said as he visited the sites of the western front battlefields in northern France on Tuesday.

 

https://www.theguardian.com/world/2018/nov/06/macron-calls-for-real-european-army-at-start-of-war-centenary-tour

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Private competition, in which a tiny number of individuals get exceedingly rich while the UK public are charged excessively for a poor service, is the sacrosanct EU way of running an economy. For the benefit of the few, at the expense of the many.

 

Its the EU way.

again read up on capitalism, its the way of the world sadly, capitalism marches on, and the british public will be worse off with the tories in charge and nobody else to put checks and balances in place

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The European Union wants Britain to stick to the bloc’s rules on state aid after Brexit.

 

The last thing the neoliberal EU wants is for UK transport and the essential utilities to be nationalised by a future Labour government.

 

Private competition, in which a tiny number of individuals get exceedingly rich while the UK public are charged excessively for a poor service, is the sacrosanct EU way of running an economy. For the benefit of the few, at the expense of the many.

 

Its the EU way.

From Post-Brexit state aid in the UK

The substance of the new regime

 

In relation to the substance of the new regime, the government is intending to pass legislation in autumn 2018 under the European Union (Withdrawal) Act 2018 to bring over the EU state aid rules, subject to certain technical modifications to ensure that the regime operates effectively in a domestic context. This includes bringing across the existing block exemptions covering all sectors of the economy and also giving effect to existing European Commission approvals. The expectation is that, from a substantive perspective, the regime will look very much like it does today – aid grantors and beneficiaries can work on the basis that it will be ‘business as usual’ in terms of rules they are used to applying.

The EU aren't forcing this on us, the UK government are choosing to adopt it. The Tory brexit you are supporting is going to make sure Corbyn can't go round nationalising everything.

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A necessity given Russian/Chinese threats and waining US support of NATO.

 

Common sense. Long overdue.

 

It hasn't taken long for the talk of an EU army to have gone from: "It will never happen" to "It's a necessity".

 

As we knew it would.

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