Thread: Brexit - It's Still On!

Originally Posted by taxexile

you frenchies never did understand the subtleties, gentlemanliness and decency of cricket, preferring garlic, the guillotine, and bending over for the germans and anyone else for that matter.

Might I remind you that the French lost twice as many men in the first world war as the British and that it was the British who scuttled out of Dunkirk whilst the French covered their arses, incurring losses of nigh on 80,000 men.

Britain is a delusion, a tawdry, shabby and morally confused country lost in consumerism and guided by a defective social compass that can only point towards welfare addiction and xenophobic bigotry as it stumbles along a path bereft of any aims beyond greed, self indulgence and lumpen self gratification.

Brexit Britain is nothing more than a third rate broken society struggling to return to an age redolent of the 1950s when lazy summer days were supposedly bathed in a glow of sun drenched contentment shining down on a society that revelled in a greatness measured by the belief being born British was to win the lottery of life. The pitiful truth was of course it was no more than a hiatus between the desolation of post war austerity and the long slow slide into national decline hastened by sloth, incompetence and stupidity culminating in an economic collapse that could only be restored though international charity.

Back to the future indeed.

ECB discusses Brexit-related move with dozens of banks
More than 50 British banks are discussing with the European Central Bank about establishing a presence in the eurozone before Brexit, says Sabine Lautenschlaeger, vice chairwoman of banking supervision. Banks face a midyear deadline to apply.
MLex FS Core - Financial services content

more good news for the EU

EU raises GDP growth estimate for 2017
The European Commission has raised its estimate of 2017 economic growth in the EU and the eurozone to 2.4%, the fastest pace in 10 years. The commission forecasts 2.3% growth this year, followed by 2% next year.
https://www.reuters.com/article/us-e...-idUSKBN1FR1U4

and here we go for doomsday scenario

ESMA: Rating firms, trade repositories must prep for "hard Brexit"
The European Securities and Markets Authority has told credit rating agencies and trade repositories licensed in the EU they must be ready for a Brexit without a trading deal by year-end.

https://www.reuters.com/article/us-e...-idUSKBN1FS1G6

where is our evening crew when we need it

UK not part of single market after Brexit, EU official says

The UK will not be part of the EU's single market and will be treated like any other "third country" after Brexit, says Olivier Guersent, director general of the European Commission's financial-services directorate. "The US works fine in the current [third-country] framework, so I don't see why the UK post-Brexit wouldn't," Guersent says.

https://www.politico.eu/pro/commissi...y-post-brexit/

Originally Posted by Dragonfly

UK not part of single market after Brexit, EU official says

What's new about that? The UK will be leaving the single market and the customs union. How many times do you need to be told?

#ThickEuros

apparently Maybot didn't get the message and still try to save a deal as instructed per her masters

Originally Posted by Neverna

What's new about that? The UK will be leaving the single market and the customs union. How many times do you need to be told?

#ThickEuros

Britain may be leaving the single market but not the UK due to Northern Ireland and the Good Friday Agreement. Then the DUP don't want different rules between NI and the rest of Britain and things start to get complicated. It's just another fine mess the Maybot has got the UK into with this silly Brexit shite...

Originally Posted by Neverna

What's new about that? The UK will be leaving the single market and the customs union. How many times do you need to be told?

#ThickEuros

Err, the EU chap is repeating it, yet again, because that dozy cvunt Davis is so fucking dense he seems to think the UK can continue with the passporting of financial services if he keeps on and on and on asking about it. It ain't the EU that's wot thick, it's your fucking stupid negotiators. You stupid pillock.

I wonder what name the government will call the customs union. They have to leave it to keep the Brexiteers happy but have promised a new customs union. It sounds like a re-branding to me.

Perhaps the Maybot and Davis will negotiate a customs market and single union.

They appear to be quite bonkers!

and the good news are coming

BoE economist projects rate increase to fight inflation

Andy Haldane, chief economist at the Bank of England, says "inflationary developments" likely will cause the central bank to raise interest rates sooner rather than later, though there is no rush. Rates won't return to past levels, Haldane says, but "keeping the cost of living under control is, we think, the single best and most important thing we can do to help the economy."

https://www.reuters.com/article/us-b...-idUSKBN1FV09Q

This is going to be funny again, looks like they still didn't learn

https://www.bloomberg.com/news/artic...ar-over-brexit

UK officials seek unity, focus for Brexit plan
Beginning Wednesday, senior UK ministers will deliver a series of speeches to bring clarity and unity to Britain's plan for exiting the EU. The effort, which the administration calls the "Road Map to Brexit," ends with an address by Prime Minister Theresa May in which she offers a security relationship.

Originally Posted by Dragonfly

Road Map to Brexit

Hey we have a roadmap right here in the LoS. Started work on it in 2014. Not quite done yet but any day now will be all done.

Originally Posted by Dragonfly

and the good news are coming

BoE economist projects rate increase to fight inflation

Andy Haldane, chief economist at the Bank of England, says "inflationary developments" likely will cause the central bank to raise interest rates sooner rather than later, though there is no rush. Rates won't return to past levels, Haldane says, but "keeping the cost of living under control is, we think, the single best and most important thing we can do to help the economy."

https://www.reuters.com/article/us-b...-idUSKBN1FV09Q

Which in turn will give a boost to Sterling.

Originally Posted by Norton

Hey we have a roadmap right here in the LoS. Started work on it in 2014. Not quite done yet but any day now will be all done.

Thailand roadmap to be delivered sometimes in 2020

The more one studies the Kipper mania, the more it's fucked up and then one realises that it was only ever meant for the truly fucking stupid or the deluded.

Yesterday Boris wittered on in his speech that Britain was now conducting ever more trade with the world and cited South Korea as a fine example of this and why we have nothing to fear in our global reach etc.etc. outside the protection of the EU.

What the cvunt failed to say, possibly because he is so fucking ignorant, is that the EU signed off on a FTA with S. Korea in 2011 which lifted tariffs on a range of goods that were previously imposed on the British and other EU suppliers. In fact, over the past two decades the EU has relentlessly pursued the principle of free trade and agreed many FTAs and EPAs which has permitted member states to adjust their trading balance between intra - EU and among third countries. Hence Britain's ratio of trade with EU states compared to the world has reduced in percentage terms from 60% to 42%. Similarly, for another example, is Ireland whose largest trading partner is the US, a relationship it has managed to establish within the EU framework.

So, if it ain't trade just what the fuck is the reason for leaving? To make it more fucking difficult to travel and work in Europe? To lose our passporting of financial services? To fuck up 6 million lives? To fuck up the NHS, the entire care industry, the market gardening and arable land farming, the construction industry?? To fuck up the peace process ending a 30 year civil war? To devalue the fucking currency? To lower growth for a fucking decade? To risk losses annually of £100 billions?

The more it goes on the more it beggars belief that anyone could be so fucking stupid as to pursue such folly for absolutely no fucking gain whatsoever.

it's all about freedom and the illusion of independence

you guys want to return to your racist and elitist past

fucking good news I say

Brexit is solely about fucking up the exchange rate for Pattaya sex pests surviving on pensions. Job well done.

......and talking about the truly fucking stupid, here he comes.

another reason for Brexshit supporters

https://www.politico.eu/article/coun...monetary-fund/

EU states want control over ESM upgrade

The Council of the EU is moving to create a powerful European Monetary Fund to head off the next financial crisis but is using a process that doesn't involve the European Commission or the European Parliament. The commission and Parliament are upset they have been left on the sidelines without influence on how the European Stability Mechanism will upgrade to the European Monetary Fund.

same rhetoric, same shit, different day

MLex FS Core - Financial services content

Better cooperation could smooth Brexit, expert says

Financial regulators could minimize market fragmentation and disruption caused by Brexit if they significantly improve cooperation, says David Wright, who headed the International Organization of Securities Commissions from 2012 to 2016 and who leads a financial industry body in France. Authorities could build trust through real-time information sharing for major markets, he says.

Originally Posted by Seekingasylum

So, if it ain't trade just what the fuck is the reason for leaving? To make it more fucking difficult to travel and work in Europe? To lose our passporting of financial services? To fuck up 6 million lives? To fuck up the NHS, the entire care industry, the market gardening and arable land farming, the construction industry?? To fuck up the peace process ending a 30 year civil war? To devalue the fucking currency? To lower growth for a fucking decade? To risk losses annually of £100 billions?

They just did it to piss you off, Genticles. No other reason.

I see Lagarde is quoting the IMF to have estimated that in the event of a hard Brexit the £ will fall another 15% from today's value.

As a good old fashioned British fuck up this one is going to be a real doozie. Inflation will be 5% in a year and rates back up to 2%. Stagflation is really going to bite hard and meltdown time for equities. Still it was a fine bull market while it lasted.

You Brexit morons better have a plan B.

Har, har.

B is for Brexit.