1. #2676
    Thailand Expat OhOh's Avatar
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  2. #2677
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    UK foreign secretary to visit China with anti-protectionism in mind

    "British Foreign Secretary Jeremy Hunt is scheduled to visit China on Monday with Chinese observers saying the main issue will be free trade and opposing protectionism.

    Earlier this month, Hunt replaced Boris Johnson as the UK foreign secretary following Johnson's resignation. His visit shows the importance the UK attaches to its relations with China, according to China's foreign ministry.

    Ahead of Hunt's visit, Barbara Woodward, the British Ambassador to China, said at a briefing on Friday that free trade and multilateralism are among the themes for the strategic dialogue on Monday.

    The UK is a strong supporter of free trade and multilateralism, and the UK wants to work with China to ensure that the World Trade Organization is able to respond, preserve and protect the free trade order, Woodward said.

    During Hunt's visit, Premier Li Keqiang and Yang Jiechi, a member of the Communist Party of China (CPC) Central Committee Political Bureau, will meet him separately. State Councilor and Foreign Minister Wang Yi will co-chair strategic dialogue and exchange views on bilateral relations and international and regional hotspot issues with him, according to the foreign ministry.

    Woodward revealed UK Prime Minister Theresa May has invited Premier Li to come to the UK early next year, and that the UK will send a high-level delegation to the China International Import Expo in Shanghai this fall.

    Hunt's visit sends a signal to China of the UK stability, Cui Hongjian, director of the Department of European Studies at the China Institute of International Studies, said on Sunday.

    The two countries may also call for free trade in the world economy following the US's recent trade protectionism, Cui told the Global Times.

    "But the UK may not pick a side in trade disputes between China and the US as it considers both the US and China important trade partners in the post-Brexit era," Cui said.

    Geng Shuang, foreign ministry spokesman, said at a regular briefing last week that the visit will strengthen political mutual trust and promote greater development of the China-UK global comprehensive strategic partnership. "Under the current international circumstances, it's imperative for China and the UK to send out positive and upbeat messages about upholding the rules-based international order, building an open world economy and opposing protectionism and unilateralism."

    UK foreign secretary to visit China with anti-protectionism in mind - Global Times

    Looks like UK banks are seeking growth.
    A tray full of GOLD is not worth a moment in time.

  3. #2678
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    The maybot appears to have backed down on another of her red lines; the ECJ will continue to arbitrate on disputes even after brexit. So much for "taking back control"...

    ...but you all knew that phrase was just BS anyway, didn't you.

  4. #2679
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    Maybot loves it deep in the arse, it makes her scream for more

  5. #2680
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    Peace in our time.

  6. #2681
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    Quote Originally Posted by Dragonfly View Post
    the future of the UK after Brexit

    UK MPs call for social media regulation

    https://www.bbc.co.uk/news/technology-44967650

  7. #2682
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    Indeed, and after three years of propaganda and vacuous rhetoric, we are now approaching the endgame when the the dreadful monochrome of awful reality finally bleaches out those rose-tinted fantasises of sun dappled Brexit uplands and even the dimmest moron is now, finally, beginning to understand there is nothing to be gained at all from the madness. The Tories are beginning to panic and have pressed the button already on the "Blame the EU for everything " campaign to delude the same fucking morons who believed the sunny uplands propaganda. But it won't matter because for every Tory skin bag there will be a hundred others queueing up to scream from the roof tops, " We told you fucking so, you dumbo mofo twats".

    For the xenophobic racists and the prejudiced bigots, there will always be foreigners and the Welsh. The poor white English trash that infests the country will always be trash and Brexit will fail to transform them into anything other than what they have always been - stupid, ignorant and useless except as fodder.

    For the deluded fuckwits who credulously fell for the daftest mantra of all, that Brexit meant taking back control, they will still be governed by the same vested interests, and the banks, who will be even more protected now than before with the exclusion of the ECJ, the dismantling of workers' rights and the maintenance of off-shore tax havens for the corporate carpetbaggers and their shill politicians.

    And for the remaining masses, they will all be that much poorer, that much more isolated and that much more diminished. The polarisation between the haves and the haves-not will increase, the indebted will sink deeper into the futility of their endless insolvency, the holes in the welfare net will widen further as public expenditure lessens and the NHS's incipient privatisation will increase a-pace as the Tory shills form Trojan Horse companies for Uncle Sam's medical insurance industry.

    But you know what, it doesn't matter a single flying fuck, the British are quite simply too fucking gormless and insulated within their parochial lives to appreciate anything very much other than sucking on the teat of delusion and populist pap.

    If ever a country deserves to be flushed down the shitter it has to be Britain.

    But for me the real kicker will be when the Tories are eventually booted out and the socialists will return.

    Now that'll be something to watch.

  8. #2683
    Thailand Expat OhOh's Avatar
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    Which political group is the socialists again?

  9. #2684
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    if the UK go full Socialism after Brexit, then indeed, Brexit would become a resounding success

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    Quote Originally Posted by Dragonfly View Post
    if the UK go full Socialism after Brexit, then indeed, Brexit would become a resounding success
    Your mind seems dedicated to spending other people’s money, that does not exist. Plus you are shit at trolling.

    Do you remember the message left by the last Labour Chancellor when they got kicked out?

  11. #2686
    Hangin' Around cyrille's Avatar
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    Now it’s just the electorate that has unprecedented levels of debt.

  12. #2687
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    Quote Originally Posted by Switch View Post
    Your mind seems dedicated to spending other people’s money, that does not exist. Plus you are shit at trolling.

    Do you remember the message left by the last Labour Chancellor when they got kicked out?
    You truly are an idiot, a doctrinal moron hidebound by his own ignorance, a buffoon blinded by a rhetoric only a credulous 8 year old would swallow.

    The recent historical events appear to have been erased from your enfeebled, puerile mind Chas.

    The era of austerity was precipitated by the collapse of a banking industry which lent a tsunami of insupportable debt on terms that amounted to no more than a Ponzi scheme, a crime for which no one was punished.

    Spending money that does not exist is the fundamental basis of capitalism without which nothing would function but in post-2003 the banks became self regulating and were untied from central government banks who believed excess would not enter the territory of moral hazard.

    Big mistake.

    Everything that has happened since 2008/9 has been determined by the bankster crash, everything. Brexit is a consequence too.

    The current neo-communist interventionist policies of Corbyn/McDonnell is a foreseeable and logical response to the increasing polarity between property owners and the rest of society - it is quite simply impossible for many to live in England without incurring onerous personal debt and the inefficiencies of private companies incapable of meeting demand at a level necessary to function are being exposed. Construction, power supply, rail transport and housing are all failures of the private sector to perform effectively in the market place and therefore re-nationalisation to a degree is quite sensible.

    Unfortunately, with Brexit and the incompetence of current political parties the situation can only worsen since any intervention by central government re-fashioning the mechanism by which capital flows requires a delicate touch and that is unlikely when the political landscape is increasingly polarised between carpetbagging right wing shills exploiting their sense of economic droit de seigneur over the lumpen masses and a caucus of left wing neo -marxist fantasists exploiting the vulnerability of the lumpen masses by attempting to repeal history and re-run the early 1970s hoping for a different outcome.

    Never in all my time have I seen such stupidity exhibited by so many and in truth the current fashionable reversion to fascism, protectionism and xenophobia within many developed societies is proof positive that the human condition is as it ever was, rats in a trap turning on each other.
    Last edited by Seekingasylum; 03-08-2018 at 11:34 AM.

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    Putting things into perspective for the morons here, the current average monthly rent, council tax and utilities disbursements for the average occupier now amount to around £1,100. The average net monthly wage after tax, stakeholder pension contribution and NI is, say, around £1,800, leaving a disposable income of £700 to pay for food, transport, insurances, clothing, daily subsistence, leisure, credit card interest payments, loans and communication costs.

    Unless you have a working partner with no children, you is fucked.

  14. #2689
    Hangin' Around cyrille's Avatar
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    BTW...chas...it was Liam Byrne, Chief Secretary to the Treasury who left that note, not the Chancellor.

  15. #2690
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    Can someone let the gent know that the world and it’s population are not as black and white as he seems to think. The sentient among us enjoy a colourful range of ideas and opinions.
    From my forlorn hope that Corbyn might provide the credible opposition that the government so richly deserves, to supporting the re-nationalization of social housing and public transport, I am just one of many that are not as blinkered as he appears to be.

    Thanks Cy, for pointing out that Darling never had a sense of humour.

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    Chass, what they are trying to say is that you know fuck all and you are easily mislead by silly politicians rhetoric

  17. #2692
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    House prices falling by a third, interest rates soaring by more than 4% and the economy going into recession – it’s the prediction from the Bank of England on what will happen in the event of a no deal Brexit. BOE boss Mark Carney made the dire warning today that there is an ‘uncomfortably high’ risk that Britain will leave the European Union without a deal and it could have devastating consequences. After his comments, the pound sterling plunged to an 11-day low against the dollar.

    Speaking to BBC Radio 4’s Today programme, Mr Carney said that the event of no deal was ‘highly undesirable’ and that Britain and the EU should do everything possible to avoid it. ‘I think the possibility of a no deal is uncomfortably high at this moment,’ he said.

    ‘Our job is to look at what could go wrong and what we could do to make sure that the bank is in a robust position so it lessens the impact of a no deal Brexit. ‘We have made sure that banks have the capital, the liquidity that they need and we have the contingency plans in place if there were to be a no deal Brexit.’

    The Bank of England governer says the financial system and banks will be ready for that ‘undesirable’ scenario, which could include:

    Commercial and residential property prices going down by more than a third


    • interest rates soaring
    • unemployment increasing to 9%
    • the economy contracting by 4%


    Mr Carney did add that the UK could ‘withstand’ a no deal scenario and said: ‘We have prepared the financial institutions and banks for a very difficult situation. ‘We should have a transition, it’s in every industry’s interest. ‘We’ll take the two years. We’ll make it enough.’ The BOE governor also said people should still be able to afford their mortgages because of checks put in place.

    ‘More than half of mortgages in this country are fixed rate mortgages,’ he said. ‘When you take out a mortgage, you have to pass an affordability test, and you have to be able to pay a mortgage at 7%. ‘It’s something we put in place so that if costs were to go up, people would be able to meet those mortgages.’

    https://metro.co.uk/2018/08/03/banks...rexit-7792888/

  18. #2693
    Thailand Expat Pragmatic's Avatar
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    Quote Originally Posted by harrybarracuda View Post
    House prices falling by a third, interest rates soaring by more than 4% and the economy going into recession – it’s the prediction from the Bank of England on what will happen in the event of a no deal Brexit.
    I'm shaking in me boots. Under Jim Callaghan inflation rose to nearly 27%. Did you bitch as much then?

  19. #2694
    Thailand Expat harrybarracuda's Avatar
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    Quote Originally Posted by Pragmatic View Post
    I'm shaking in me boots. Under Jim Callaghan inflation rose to nearly 27%. Did you bitch as much then?
    They are not my words you silly c u n t.

    I merely posted a news story.

    Get over yourself FFS.

  20. #2695
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    Quote Originally Posted by Dragonfly View Post
    Chass, what they are trying to say is that you know fuck all and you are easily mislead by silly politicians rhetoric
    What pathetic troll you are.


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    Quote Originally Posted by Pragmatic View Post
    I'm shaking in me boots. Under Jim Callaghan inflation rose to nearly 27%. Did you bitch as much then?
    Well, no, because we all got 20-30% pay increases, that's why we had inflation you silly moo. FFS, in those days the first two years of buying a house were crippling and then after two more the inflation rate turned the mortgage into something more manageable. Happy days but if you had no work then you were dead. My last 17% pay rise was under Maggie but after we got zero.

    We're heading back to those days but the inflation rate won't be so bad, however the lack of meaningful work will be just as deleterious.

    The next recession will of course be known as the Brexit crash and will be the longest since the 1920s.

  22. #2697
    Thailand Expat harrybarracuda's Avatar
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    Quote Originally Posted by Seekingasylum View Post
    Well, no, because we all got 20-30% pay increases, that's why we had inflation you silly moo. FFS, in those days the first two years of buying a house were crippling and then after two more the inflation rate turned the mortgage into something more manageable. Happy days but if you had no work then you were dead. My last 17% pay rise was under Maggie but after we got zero.

    We're heading back to those days but the inflation rate won't be so bad, however the lack of meaningful work will be just as deleterious.

    The next recession will of course be known as the Brexit crash and will be the longest since the 1920s.
    If it ends up with bankers jumping off buildings, maybe that's not a bad thing.

  23. #2698
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    So...two years on, Brexit is still all show and no pony.


  24. #2699
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    Brexit - It's Still On!-corbyn-png
    Attached Thumbnails Attached Thumbnails Brexit - It's Still On!-corbyn-png  

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    Somewhat amusingly, Liam Fox is now blaming the EU for any hard Brexit because of their alleged intransigence in not letting Britain undermine its core values by giving the Brexit fuckwits all the cake they can eat. Unbelievable, really, but I suppose such arrant stupidity was inevitable from a tenth rate politician of Fox's paltry calibre..

    The latest world market response to the now odds-on likelihood of a hard Brexit is a continuing weakening of Sterling despite the BoE's recent rate rise. I of course have forecasted this for the past year to 18 months and have regularly told you all that Sterling would hit near parity with the US $. HSBC, among others, is speculating on Sterling falling to $1.10 when hard Brexit happens.

    Stagflation is inevitable- inflation of 5%, piddling growth, 20% increases in food, fuel and energy, higher gate prices for manufactured goods etc all mean greater industrial strife as workers demand for higher wages escalates, never mind the implosion of Britain's road transport industry and the chaos of the road network in SE England as our society grapples with 60 mile tailbacks from Dover and Ashford all the way back to the M25 and Dartford crossings every fucking day.

    This is going to be great fun as the lower end of Britain finally begins to understand what it means to be so fucking stupid.

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