If England is forced out of the European single market

You're optimistic UB, that's if there still is a EU when the kids grow up.

UB... you'll have no more decent stag do's to go to and you'll have to put up with served by ugly english birds in the shops... life will be a b1tch.

The Scots voted - in far greater numbers - to remain part of the UK. They also voted to remain part of the European Union.

Clearly, that circle can not really be squared. Who will they choose to reject the Act of Union and attempt to remain part of the EU, or will they accept the good choice made for them by their brothers south of the border?

It seems to be the consensus that they will reject the UK in any new referendum.

I don't see them doing that at all.

Give it a rest UB. It's over , the EU is deceased

sturgeon is a supreme bluffer. she won't even consider a 2nd referendum unless the polls show she's certain to win and that's means something like 60%. absolutely no chance

Starts with IF, makes some negative suggestions and then comments as if facts.
BTW UB 1m Scots voted to leave the EU whilst 1.6m voted to remain. The 1.6m represents 38% of the electorate. Hardly a landslide.
Scotland is going nowhere and that wee waster Sturgeon knows it.

As usual, akabula is too thick to understand that in a democracy only votes cast count.

Meanwhile back in the newly independent UK.





GSK: UK still 'attractive' post Brexit as it invests £275m














GlaxoSmithKline is to invest £275m to expand its UK manufacturing sites, saying the country remains "an attractive location" despite Brexit.

The pharmaceutical firm, whose chief executive Andrew Witty backed the Remain campaign, said the UK's skilled workforce and competitive tax system helped drive the decision.

It said most of the products made at the expanded sites would be exported.

The firm said it expected its investment to create new jobs.

"It is testament to our skilled UK workforce and the country's leading position in life sciences that we are making these investments in advanced manufacturing here," said Mr Witty.

The firm said the investment would be spread across three of its UK manufacturing sites: Barnard Castle in County Durham, Montrose in Angus, and Ware in Hertfordshire.

Investments are flowing into this country. Tens of billions in real investments in research and manufacturing since the Brexit vote.

When we have a points based system the country will become an even more attractive place to investment because the workforce will be even more skilled. The best scientists and engineers from around the world will be able to come to live and work here.

After just one visit from our new foreign secretary America is about to announce its lifting of a 20 year ban on British meat exports, well done Boris.

biscuits - hows the ftse 100 doing today?? - go on - tell me it isn't a proper indicator.

Jul 27, 2016 -- 2:33PM, mobo wrote:

biscuits - hows the ftse 100 doing today?? - go on - tell me it isn't a proper indicator.

What possible relevance can one day on the FTSE 100 be to this thread?

in 10 years the European union will be just a memory.

Jul 27, 2016 -- 3:04PM, Meadow X1 wrote:

Jul 27, 2016 --  2:33PM, mobo wrote:biscuits - hows the ftse 100 doing today?? - go on - tell me it isn't a proper indicator.What possible relevance can one day on the FTSE 100 be to this thread?

Isn't it a reference to the silliness of the OP using a one day drop to prove his point previously?

absolutely but how about the ftse 250 ? ha ha  - thats the one the remainers bleat on about as being more relevant
and look how that has perked up.

Meadow X1
As usual, akabula is too thick to understand that in a democracy only votes cast count.

Spot on Meadow regarding democracy. The majority voted to leave. Was a UK vote and not a regional one so what don't you understand?

jesus ub carnt you take a loss with any grace? my sadness is that the stupidity of corbyn and smith they cannot embrace brexit from the lefts viewpoint.

Aka - not looking to spoil for a fight but do you have the % figure for the leave vote of the national electorate.

Bit by bit the remainers are seeing that leaving the EU isn't the disaster that they were predicting (even hoping for) as the rest of the world comes chapping on our doors.
Already there are rumbles of discount running around the rest of the member states and calls for their own referendums.
Yes Brexit could end in disaster. Not for us but for the EU as it threatens to collapse.

PorcupineorPineapple
Aka - not looking to spoil for a fight but do you have the % figure for the leave vote of the national electorate.

I know where you're coming from PP but in asking that question I can see you're missing the point of me quoting it.
Sturgeon and the rest of the SNP MPs and MSPs constantly refer to acting for the people of Scotland and that the people of Scotland voted remain.
All I'm saying is that 1m Scots voted to leave but the SNP ignore that point completely.

As regards showing the %age of the electorate once again I show that to remind the SNP and their followers that they in effect only speak for not much more than one third of Scots who are of voting age.

Ask a straight question and get a deflection.

ok, according to the electoral commission:

Total electorate: 46,500,001
Total voted leave: 17,410,742

Makes a percentage of 37.42% if I'm not mistaken.

Yes agreed PP. Not arguing with that but yer still missing the point.
Sturgeon speaks as if she is speaking for all Scots. She isn't she is speaking for 38% of them.

Akabula too thick to understand that in a democracy only votes cast count.

Well I think she can only speak for those who made their voices known. By the same logic, the referendum vote would be null as far less than 50% voted to leave.

And you Meadow are too thick to understand the point I am making.
Now run of to your weaving or whatever it is you do at your classes.

@PP I'd say that in referendums that the majority of the electorate would have to vote for change for it to be accepted.

I'd agree to be fair.

In the 1979 referendum in Scotland the rules were that at least 40% of the electorate had to vote in favour of independence for it to happen.
TMM it should be the majority.
I can understand apathy in elections but to not vote in referendums beggars belief.
BTW another reason I quote as a %age of the electorate is because older voters got it in the neck for 'betraying' the future for the young because of the way they voted.
Of that age group only 38% of them could be bothered to vote. Again beggars belief that the old and not the young got the abuse.

Again, I  don't disagree. Anyone who didn't bother to vote doesn't get to moan about it now.

akabula, the point you are making is emphasising the fact you are thick and make up figures as you go along.

ps what's this weaving class guff you are making up as well?

There seems to be some confusion about the significance of the FTSE100 rally since Brexit. Sure, it is up 10%, slightly more than the DOW slightly less than the DAX. The important figure is MINUS 10% - which is the FTSE's value relative to stocks in the other two markets.

You have lost 10% of your wealth since and because of Brexit, 7% of which was taken away from you on June 24th.. For the people who gained from this, the beauty of this "rebalancing" is that the British are not conscious of losing anything, because everyone was fleeced together at the same time.

akabula, the point you are making is emphasising the fact you are thick and make up figures as you go along.

So tell me what figures are made up?

Don't worry about the young electorate they are more than happy chasing Pokemon

Chemicals giant Ineos heading home to UK in tax U-turn after falling out with Gordon Brown six years ago

By Rupert Steiner for the Daily Mail

Published: 21:55, 27 March 2016  | Updated: 09:07, 28 March 2016 



   
 
 










Ineos is to move its international headquarters back to the UK six years after the chemicals giant fell out with the then prime minister Gordon Brown and relocated to Switzerland.

The firm, which would be among Britain's biggest if it was publicly listed, will move its executives to London, where it will also be based for tax purposes.

Its founder, rags-to-riches billionaire Jim Ratcliffe, told the Mail: 'We will finish up back in the UK within the next three years. We are Brits aren't we? It's where we started and it's where our hearts lie.




Opposite of what was predicted by the doomsters

You have lost 10% of your wealth since and because of Brexit, 7% of which was taken away from you on June 24th..



Had to buy some Euros yesterday -Grandson school trip- still have the receipt from my last purchase, 2012, the rate then was 1,10 yesterday I got 1.19, seems I'm over 7% wealthier in Euro terms since the last time I visited the exchange.

potis,
    no no no..this is awful, because we like to go on holiday ?never mind the exporters who have had a high pound for a while..the£will rise again this time next year i predict it being up to pre brexit levels, the doom and gloom brigade would rather we fail than admit they were wrong, my country comes first, if i was for remain i would now do whats best for my country and stop with the crap of talking us down and us into ressesion

Markets fluctuate. What makes Brexit unique is that this is the first instance of a country's voters self-inflicting a 10% loss to their wealth. In percentage terms, not so much blowing a foot off as an amputation above the knee. Overnight on 23rd June, France overtook the UK in GPD. That's already happened. The OP is more concerned with what is coming down the track. I foresee England isolated. Life outside the EU single-market will very likely result in Germany/France advancing 1% quicker than their excluded neighbour. That doesn't sound drastic but the consequence is that potlis' grandchildren, by the time they start their own families, are likely to be 30% poorer than their counterparts on the continent.

when will you understand , that people put they country there culture and democracy before they thought about economics? when people saw what is wrong with the eu they wanted change they voted for that ..

unitedbiscuits 27 Jul 16 21:19 Joined: 27 Jan 02 | Topic/replies: 5,373 | Blogger: unitedbiscuits's blog
There seems to be some confusion about the significance of the FTSE100 rally since Brexit. Sure, it is up 10%, slightly more than the DOW slightly less than the DAX. The important figure is MINUS 10% - which is the FTSE's value relative to stocks in the other two markets.

You have lost 10% of your wealth since and because of Brexit, 7% of which was taken away from you on June 24th.. For the people who gained from this, the beauty of this "rebalancing" is that the British are not conscious of losing anything, because everyone was fleeced together at the same time.

....

Have prices gone up 10% in the shops? Foods up 10%? rent up 10%? fuel up 10%? Nvidia graphics cards up 10%?

Show me the evidence that I am 10% poorer than before Brexit vote.

UB you were continuous before the voting predicting terrible things when we voted to leave. You refused to accept the true costs of uncontrolled immigration. Now you are praying for Brexit to fail. Why not just embrace it?

when you say they will be 30% poorer than those on in the eu can you back that up? or is it just another wild stab in the dark? considering lots of experts are now saying we,ll be fine when before brexit they were saying the world will end just shows that no one has any idea how things will be in 5 years other than to say the world will not end because of brexit?

Have prices gone up 10% in the shops? Foods up 10%? rent up 10%? fuel up 10%? Nvidia graphics cards up 10%?
No, not yet. But f an actuary, instead of increasing your premium by 10%, decided to curb any potential payout to you by 10%, you wouldn't realise that you had been mugged but you would have been. You don't realise you have been fleeced, especially because you are no worse off with your neighbour.

Show me the evidence that I am 10% poorer than before Brexit vote.

The day after Brexit, your gaming chips were worth 7% less than someone playing against you in Euros or Dollars and now 10% less. And besides your betting bank, wherever else your wealth is - wage, pension, house, cash - has been recalculated too. You won't read about what has happened to you in The Mail or The Sun but that doesn't mean it hasn't been done to you.

Didn't hear the train last night don't mean it didn't go.

I think it's pure speculation to say we will be worse off in some way in the future. I am not saying it won't happen but there is no clear evidence to support that so far.  As has been said, there is no noticeable difference in rent, foodstuffs etc and that is what means the most to ordinary folks. 
On the financial side, I am in the process of cashing in one of my pensions. I have been monitoring the value of it for some time pre-brexit and I am pleased to say that it has increased in value by approximately 6% since the vote.

It's not speculation that GDP grows faster in a tariff free market; it's the reason we begged for twelve years to join the Common Market, because we were inexorably losing ground economically to our friends on the continent.
You will do well to cash in your pensions Meadows but not as well as someone who managed this pre-Brexit and put his money into Aapl and Google, for example. As I keep saying, you need to think beyond sterling to see the true picture.

The countries in the Eurozone would dearly love the devalue their currencies. That's what their quantitative easing is all about.

There's talk of the UK starting another round of quantitative easing as well. So the fall in the pound isn't seen as such a bad at all if they think it should fall further.

https://www.youtube.com/watch?v=-IHVQU9BSks

The full version of the then Labour Prime Minister Harold Wilson's infamous "Pound in your pocket" speech, which saw everyone become 14% poorer.

It's not speculation that GDP grows faster in a tariff free market; it's the reason we begged for twelve years to join the Common Market, because we were inexorably losing ground economically to our friends on the continent.


Yet when Britain did find economic success, which was under Thatchers Britain. It had nothing to do with being a member of the 'European community'

It was those 'European Community' countries whose economies were suffering with all the problems Britain had solved by her own efforts in the 1980s.

Life outside the EU single-market will very likely result in Germany/France advancing 1% quicker than their excluded neighbour. That doesn't sound drastic but the consequence is that potlis' grandchildren, by the time they start their own families, are likely to be 30% poorer than their counterparts on the continent

I would explain that to my Grandkids but they would only reply with 'But Grandad do you know what the levels of youth unemployment are across the EU?' you see unitedbuiscuits even at their tender years they have far more  grasp of economic reality than you do.

Where does UB get his 1% decline come from?

That is the amount that has been estimated that our GDP will suffer from being out of the EU mess?

It takes no account of the extra growth we will get from our trade with the rest of the world.

The 1% decline forecast has no credibility whatsoever, we're more likely to grow an extra 1% from being free of the EU restraints.

ub
can you say that GSK multi millon pound investment in their core business after brexit is a sign that you and others who said the world will end were wrong?

You are as a group floundering in a very wide African river, De Nile.

Why do you think this country begged for a dozen years to be let in to the EEC? Because they were getting richer quicker than us, because of the synergies of the single-market.

Why would a third country give a more favourable deal to the UK than to the EU, a market nine times as big?

While you ponder these questions, work has to be done.

The doomsters predictions of mass corporate exodus and economic collapse have failed to materialise so they've gone all long term on us, predicting how our Grandkids will be suffering in 20 years time.

Why do you think this country begged for a dozen years to be let in to the EEC? Because they were getting richer quicker than us, because of the synergies of the single-market.

That's easy to answer.
The EU consisted of a half a dozen or so vigorous economies in those days.
It was an attractive proposition from the trading aspect.

What is it now, 27 or 28 countries with many of them bankrupt? And the rich countries having to bail out the lame ducks. 
The world is a very different place now to what it was when we joined the EU.

ub
ignoring questions and making things up does not help your argument that we are all doomed because the uk cannot survive without the eu?

Never said we would be doomed, tony, but I've always said we would be worse off than if we remain. You have the short term proof, the long term prediction is a confident one.

were is the short term proof? long term i,ll glady bet anything you like we,ll be better off in 5years time..but short term ?

Are you sure we would be better off in the Single Market?

Open up free trade deals with our own Commonwealth, The USA, China, India...Ghana, the first country to offer us the opportunity after brexit? Africa is growing too!.

If the EU want to place tariffs on us or any other country does for that matter then we can place those same tariffs on their goods. We can buys our owm cars or start getting them from the US and the Far East. Let's see what they say about that at the Bavarian Motor Works or if the hop farmers in Alsasce will still be treated as superstars if we stop drinking Kronnenberg and couldn't give a XXX!

Furthermore why would we want to be part of the Single market that insists on the free movement of people's? How long before those German and French terrorist's start coming over here?

We should not want to be part of the Single Market or subject to it's 4 freedom's!

The EU is a basket case. It will imlpode. Time for foresight. Hindsight is not really much use!

whisper, ub and other europhiles belive the singlemarket to be a utopia of greatness?

Africa is growing too!.

It would grow even more it were free of the tariffs that the EU imposes on it's goods.

I bet they'll be grateful they can start trading properly with the UK now.

We'll be able to get a lot of stuff cheaper off them that what we are paying to buy it from the EU now.

indeed crippen,
       according to the goverment 5 countrys in africa are lining up to do deals? liam fox will have his hands full. they need to get people up to speed pronto

UB must have given the Maastricht Treaty his full blessing.

The more 'super' the state, the better for UB.

can't understand why you bother arguing with him

yes and when the Africans get some more money they can buy guns from us and kill each other...win win!

Sorry couldn't help that! Should have posted it on another blog!

Seriously though imposing tariffs on African countries is akin to terrorism in my book. The Middle East is fcuked up and parts of Africa are heading there. Trade is one thing that concentrates the mind to rise above hate and religion.

We are a great country, we even have Great in our name. We should open up our doors to the world for trade and mutual prosperity.

A single market only benefits the 1%. It makes it easier for them to hide their money from Tax Authorities and they need free movement of people to lower wages and increase their profits. Their doom is that they have taken too much and the system will break down just as you will see in Europe soon, just watch. Quantitative easy will only postpone the inevitable.

the single market is a bankers dream..

The Hungarian PM said that without the UK the 'EU Bloc' is no longer a global power with influence. We have jumped off a sinking ship and rejoining the world as a sovereign nation.

A year or two from now food prices will not be more expensive.

Jul 28, 2016 -- 1:48PM, InsiderTrader wrote:

The Hungarian PM said that without the UK the 'EU Bloc' is no longer a global power with influence. We have jumped off a sinking ship and rejoining the world as a sovereign nation.A year or two from now food prices will not be more expensive.

On the food price front...

A basket of groceries now costs you 4% less than it did two years ago. The discounters Aldi and Lidl are eroding the market of the "big four" on a daily basis. Basic grocery prices are more likely to go down, not up, in my opinion.

As he refuses to let go,broken biscuits is now officially "stale broken biscuits".
In all my years with the Betfair forums I have never seen a poster go on and on and on with the same old thing,when even though he is shown to be totally wrong,and is just stupidly assuming,and,at the same time,making a complete fool of himself,and in danger of becoming a laughing stock.
  I wonder if he screamed the place down when not getting his own way when a kid.
How many threads on Brexit,and how many replies to threads?Endless!!!

UB hasn't been shown to be wrong......yet

Who knows what happens?

Whatever does happen and we may be poorer for it, certainly in the short term. I am convinced Brexit was the right thing to do for our Country.

It never was about money,it was about saving our country from outside interference,and overcrowding,and that was why so many voted for "out",something stale broken biscuits can't accept.An evening in a working men's club,would be enlightening for many on here,mixing with real, hard-working people.
  Still,what would I know,as I am only a knuckle- dragger,Nazi,racist, bootboy,Daily Mail reader,East End barrow boy that has moved to Dagenham.Probably a lot more,but these were the most recent inferences from the "intelligentsia,so how can anyone believe anything they post,with these absurd assumptions.

spot on unbiased..not about money for alot of us.

You are completely wrong unbiased - it was the thick northerers wot dun it!!!  Go to the naughty step  he he!!

For me it was only ever about the Commission and it's determination to subjugate all EU citizens to it's control. And the man tasked with "negotiating" our exit is one of the most ardent federalists apparently. They won't rest until someone like Juncker is the President of Europe and all national Governments are abolished.

Jul 28, 2016 -- 8:32PM, sageform wrote:

For me it was only ever about the Commission and it's determination to subjugate all EU citizens to it's control. And the man tasked with "negotiating" our exit is one of the most ardent federalists apparently. They won't rest until someone like Juncker is the President of Europe and all national Governments are abolished.

Barnier has been portrayed as an arch-federalist in all the papers, although if you listen to those who know him they all say he's quite an Anglophile.

can't understand why you bother arguing with him


Well, I thank Burton Brewers, whose own situation provides the perfect illustration of the cost of Brexit. In fairness, he should also be thanking me for making him aware of how much his vote has cost him. Hopefully, he can complete on his transactions before the bad news rolls in. On the bright side, his long term prospects for building wealth in the USA are excellent.

can't understand why you bother arguing with him

To show him the folly of his ways. He certainly needs advice over his investments.

Well he would if he'd got any money left to invest.

Still we can at least show him where he went wrong so that he can ponder what might have been.

Lol Dr Crippen.

Anyone who spends half his life on here telling us the pound is likely to drop.
Then clings onto stocks that are currency sensitive as his prediction comes to fruition needs a lot of advice.

On the bright side, his long term prospects for building wealth in the USA are excellent

I do not need to build any wealth I have more than I need, thanks for your concern though.

Stick to sitting on your pivot waiting for your tenants' rent, Dr Crippen, you're not cut out for taking risks, or a real job.

You won't miss the odd 10% that has just be forfeited from you by Brexit then, BB. Everyone's happy.

the remainers came out yesterday blaming brexit for the lloyds 3k jobs loss and branch closures, the ft also joined in saying brexit had made lloyds do it..norman lamb mp patron of leave watch, anti brexit group said "the leave campaigners said we would get growth and jobs..today we see how hollow that is"? by lunch time the lloyds md had to tell a press confrence "this had nothing to do with the vote, this was planned months ago"
tory mps came out to say "some remainers really need to get a grip"

some remainers really need to get a grip"

You see UB, even tony is laughing at you now.

tony, given that a decent sort like yourself doesn't go round laughing at people.

That's what I meant.

Even the Tory's are telling remainers to get a grip.

Incredible scenes.