Jump to content
Jools

The Positive Brexit Thread

Recommended Posts

49 minutes ago, SwindonCanary said:

that's not what those supporting the EU were saying if we left 

I think I prefer to believe the likes of the governor Bank of England rather than your fake garbage. 
 

The governor of the Bank of England says that the central bank's growth forecast of 7.25% this year doesn't represent a boom - but more a bounce back.

Andrew Bailey insists this is still good news, and says that the country is going to see a strong recovery this year.

However, he warned that by the end of this year, output in the economy "will be back to where it was the end of 2019" and we should always remember we've had an economy with no growth for two years.

Share this post


Link to post
Share on other sites

All going to sh!t for the EU

Brussels bid to cut off the City is backfiring, watchdog warns

A Brussels plot to lock the City out of European markets has backfired and harmed the finances of banks on the Continent, the boss of the UK's finance watchdog has said.

Nikhil Rathi, head of the Financial Conduct Authority (FCA), said in a first major intervention that European Union lenders have lost market share because of resistance to a so-called equivalence deal that would have preserved ties with Britain.

He added that the UK will not now pursue access to the EU at any price - and vowed to use the country's post-Brexit freedoms to redraft cumbersome regulations.

Mr Rathi said: "EU banks are now no longer able to offer to their clients full access to all pools of global liquidity for the trading of interest rate swaps and certain credit derivatives, as UK venues have retained material market share in various products.

"This loss of access to liquidity reduces competitive choice in the market for UK and rest of the world clients and, unsurprisingly, it has been reported that some EU banks have lost market share in these market segments.

"This means higher costs for EU firms, with a direct impact on the prices they can offer to their clients. And inevitably, UK and rest of the world clients, are left with no choice but to plan for further contingencies in which EU firms are unable to service a wider range of their needs."

The interest swap market is crucial for a host of products offered to ordinary consumers, such as fixed rate mortgages. If banks are less able to access key trading hubs such as the City - which dominates the European derivatives market - then costs for their customers will ultimately go up.

Mr Rathi's comments follow a difficult period leading up to the UK’s exit from the EU, with the finance sector largely excluded from the Brexit trade deal and City firms now stripped of their vital EU passporting rights.

Firms had been relying on access through an equivalence regime, where Britain's rules are deemed to be so similar to the EU's that cross-border trading is fair to both sides.

The UK has granted equivalence access for European firms in a host of areas. Even though British and European regulations were exactly the same at the time of Brexit, and remain virtually identical, the EU has refused to reciprocate. This has forced its banks to go to less developed markets on the Continent for some services.

Banking insiders have said in recent weeks that they have largely given up any hope of being granted equivalence. 

Speaking to the Association of Foreign Banks, Mr Rathi added that the UK would not "target equivalence at any cost", including passing up opportunities to make markets function better, and said he recognised the "increased flexibility" now available due to Brexit.  

He said: "We will use our autonomy to regulate for the benefit of UK financial markets and consumers."

It comes days after bankers said Treasury officials had indicated that they "want to flex their Brexit muscle" with an overhaul of City rules. 

 

Share this post


Link to post
Share on other sites
Posted (edited)
26 minutes ago, Herman said:

Torygraph.😐

Rathi was a private secretary to Gordon Brown

Edited by Van wink
  • Haha 1

Share this post


Link to post
Share on other sites
2 minutes ago, Van wink said:

Rathi was a private secretary to Gordon Brown

If you can find me his speech that hasn't been put through the Torygraph Brexit mangle I'll happily read it.

Share this post


Link to post
Share on other sites

Thank you WBB. 👍  Nuanced and unmangled.

 

  • Haha 1

Share this post


Link to post
Share on other sites

14 minutes ago, Herman said:

If you can find me his speech that hasn't been put through the Torygraph Brexit mangle I'll happily read it.

https://www.cityam.com/fca-ceo-we-will-not-target-an-eu-equivalence-deal-at-any-cost/

https://www.reuters.com/business/finance/britain-says-it-wont-seek-eu-access-city-london-any-cost-2021-05-06/

https://www.moneymarketing.co.uk/news/fca-cannot-target-eu-equivalence-at-any-cost-ceo-says/feed/

https://www.fca.org.uk/news/speeches/regulation-different-world

 

You've got internet access the same as the rest of us, Herminge..

Why do you rely on others to research for you? Maybe if you researched before commenting you might avoid constantly making a fool of yourself.

 

Share this post


Link to post
Share on other sites
42 minutes ago, Jools said:

Says the infamous poster of lunatic QAnon videos that day after day claimed the US election result was about to be overturned in the next few hours. Treat yourself to a good laugh and review your contributions on the US election threads. If you think posting that insane garbage constitutes anything resembling "research" that explains an awful lot about the asinine level of your posts.

  • Thanks 1

Share this post


Link to post
Share on other sites
8 hours ago, Well b back said:

Unfortunately that’s not what this recent report says.

https://newfinancial.org/brexit-the-city-the-impact-so-far/

Written by two financial journalists who have done some googling to write a financial report. Equivalent to national league footballers next to a Premier League Nikhil Rathi, head of Financial Conduct Authority. I know which one I believe.

Share this post


Link to post
Share on other sites

Early results. Mostly expected, some not so.

UKIP dead.

Cons mopping up dead Kipper vote and doing well.

Labour losing a lot.

LibDems and Greens picking up a few. (Sunderland?)

Hartlepool conceded already by Labour but no result yet.

Share this post


Link to post
Share on other sites

Hartlepool by-election

Paul Daniel Williams, Labour Party - 8,589

 

  • Jill Mortimer, Conservative Party - 15,529

Share this post


Link to post
Share on other sites
9 hours ago, SwindonCanary said:

image.png.1703e6f4121e4273f88c76945301aabc.png

jingoistic idiotic and typical of those who are wrecking the country for their personal cronyism and greed.

Here are some facts for feeble minds.

https://www.craigmurray.org.uk/archives/2021/05/channel-islands-fisheries-and-abuse-by-tory-jingoism/comment-page-1/#comment-988285

  • Like 1

Share this post


Link to post
Share on other sites

2 hours ago, Herman said:

Early results. Mostly expected, some not so.

UKIP dead.

Cons mopping up dead Kipper vote and doing well.

Labour losing a lot.

LibDems and Greens picking up a few. (Sunderland?)

Hartlepool conceded already by Labour but no result yet.

UKIP has taken up residence in the Tory party. 

Share this post


Link to post
Share on other sites
Posted (edited)
25 minutes ago, nevermind, neoliberalism has had it said:

jingoistic idiotic and typical of those who are wrecking the country for their personal cronyism and greed.

Here are some facts for feeble minds.

https://www.craigmurray.org.uk/archives/2021/05/channel-islands-fisheries-and-abuse-by-tory-jingoism/comment-page-1/#comment-988285

image.png.c51bcccb702668e899dbe64d2a41b05a.png

I thought Great Britain were at home, and also there must be a second leg. 

Edited by dj11
  • Haha 2

Share this post


Link to post
Share on other sites
Posted (edited)
5 hours ago, Rock The Boat said:

Written by two financial journalists who have done some googling to write a financial report. Equivalent to national league footballers next to a Premier League Nikhil Rathi, head of Financial Conduct Authority. I know which one I believe.

So many contradictions.

People seem to see what they want to see.

Mind you, Polly at Bovill seems to have had some hard facts at hand. I just wonder what the current situation is.  

 

https://www.bovill.com/london-set-to-remain-financial-services-capital-of-europe-as-over-1000-eu-firms-plan-to-open-uk-offices/

Edited by BroadstairsR

Share this post


Link to post
Share on other sites

We wanted to know that the French were fishing there before Brexit,  so they sent out paperwork to prove it, 4 months ago, so far only one has been returned so they can't fish there !

Share this post


Link to post
Share on other sites
11 minutes ago, dj11 said:

UKIP has taken up residence in the Tory party. 

I think it is safe enough to officially designate them Blukip. 

Share this post


Link to post
Share on other sites

Conservative party 52%

Labour party 29%

In the only opinion poll that matters  

Labour becoming little more than a protest party soon to be replaced by the Green party as the main opposition within the country. 

Share this post


Link to post
Share on other sites
55 minutes ago, SwindonCanary said:

We wanted to know that the French were fishing there before Brexit,  so they sent out paperwork to prove it, 4 months ago, so far only one has been returned so they can't fish there !

Its the French being the French. They don't pay much regard to other peoples laws. Lets be honest they don't  pay much regard to their own.

 

 

  • Like 1

Share this post


Link to post
Share on other sites

2 hours ago, Rock The Boat said:

Conservative party 52%

Labour party 29%

In the only opinion poll that matters  

Labour becoming little more than a protest party soon to be replaced by the Green party as the main opposition within the country. 

What an insightful and intellectual analysis. Never before in human history have Labour slumped to such a defeat, clearly they are doomed to extinction. Oh wait... the 1983 election saw Labour's vote slump to 27.6% and a Tory majority of 144 seats; then the 1997 election saw Labour's vote increase to 43.5% and a Labour majority of 179 seats. Forgive me if I don't wet my pants with joy or despair at today's results. 

Share this post


Link to post
Share on other sites
1 hour ago, ricardo said:

Its the French being the French. They don't pay much regard to other peoples laws. Lets be honest they don't  pay much regard to their own.

 

 

And we call them spineless. The Mail said it was like the war when their fishing boats left St Helier. At least the French get off their jacksies. 42% voted in Hartlepool. What a bunch of wasters the UK is becoming. 

Perhaps they were more concerned Hartlepool had been invite into the ESL.

Share this post


Link to post
Share on other sites
31 minutes ago, horsefly said:

What an insightful and intellectual analysis. Never before in human history have Labour slumped to such a defeat, clearly they are doomed to extinction. Oh wait... the 1983 election saw Labour's vote slump to 27.6% and a Tory majority of 144 seats; then the 1997 election saw Labour's vote increase to 43.5% and a Labour majority of 179 seats. Forgive me if I don't wet my pants with joy or despair at today's results. 

Interesting that you have to go back 24 years to the last time Labour unseated a Tory government. 

Also interesting that the PM of that time is now a hate figure among Labour members. 

Today's Hartlepool result is what happens when progressives are more concerned with BLM and trans rights than they are about catching criminals and getting the bins emptied. 

I hope you reflect on this and learn something from it. 

Share this post


Link to post
Share on other sites
7 minutes ago, Rock The Boat said:

Interesting that you have to go back 24 years to the last time Labour unseated a Tory government. 

Also interesting that the PM of that time is now a hate figure among Labour members. 

Today's Hartlepool result is what happens when progressives are more concerned with BLM and trans rights than they are about catching criminals and getting the bins emptied. 

I hope you reflect on this and learn something from it. 

Today's Hartlepool result is what happens when progressives are more concerned with BLM and trans rights than they are about catching criminals and getting the bins emptied. 

Or the ESL being greedy with football.  Or with 126K deaths from Covid, many of which could have been avoided without a liar in charge.

Share this post


Link to post
Share on other sites
13 minutes ago, keelansgrandad said:

Today's Hartlepool result is what happens when progressives are more concerned with BLM and trans rights than they are about catching criminals and getting the bins emptied. 

Or the ESL being greedy with football.  Or with 126K deaths from Covid, many of which could have been avoided without a liar in charge.

So you're basically saying the people of Hartlepool must be thick and didn't know what they voted for. 

How long is this feeble excuse going to be trotted out for?

Share this post


Link to post
Share on other sites
18 minutes ago, keelansgrandad said:

Today's Hartlepool result is what happens when progressives are more concerned with BLM and trans rights than they are about catching criminals and getting the bins emptied. 

Or the ESL being greedy with football.  Or with 126K deaths from Covid, many of which could have been avoided without a liar in charge.

Want a sheepskin cushion to rest your raging hurty butt?.....

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now

×
×
  • Create New...