The Brexit Thread

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Ancalagon said:
Didn't Norway say that they are subject to EU law because they are part of the single market, but not able to exercise input in decision making? In other words, exactly what the UK does not want.

What is the difference between the current proposed deal and the Norway model?
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Yeah, and that will piss hardcore Brexiters off, along with the four freedoms they'd have to keep.

But Norway model (UK joining the EEA) allows them to get out of the agricultural and fisheries policies, keeps them in the Customs Union, and would resolve the Irish border issue, which is a major sticking point for the DUP, whose support the Tories rely on.
 
Ancalagon said:
Didn't Norway say that they are subject to EU law because they are part of the single market, but not able to exercise input in decision making? In other words, exactly what the UK does not want.

What is the difference between the current proposed deal and the Norway model?
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Norway for starters does not have the same migrant issues as the rest of the EU, they're in control of their borders.

Norway also has a massive reserve via state capitalism, the gas & oil reserve profits are pumped into a fund. The revenue of the fund fund cannot be touched, the interest from the fund is however diversified in global stocks (zero local stocks) so as to mitigate risks. So they are not putting all their eggs into one basket. The fund is so big that they have influential sway on many global companies like apple etc. It owns 1.5% of global shares, the norwegians are sitting pretty. The UK could have done the same at the time (they have about the same oil & gas reserves) but they chose to follow a different path.

@Voicy, care to comment?
 
ponder said:
Norway for starters does not have the same migrant issues as the rest of the EU, they're in control of their borders.

Norway also has a massive reserve via state capitalism, the gas & oil reserve profits are pumped into a fund. The revenue of the fund fund cannot be touched, the interest from the fund is however diversified in global stocks (zero local stocks) so as to mitigate risks. So they are not putting all their eggs into one basket. The fund is so big that they have influential sway on many global companies like apple etc. It owns 1.5% of global shares, the norwegians are sitting pretty. The UK could have done the same at the time (they have about the same oil & gas reserves) but they chose to follow a different path.

@Voicy, care to comment?
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No, they have the same control. Norway has to accept the Four Freedoms, which means they cannot stop people from Poland moving to their country.

The key rules which Norway must accept are the “four freedoms”— the free movement of goods, services, persons and capital to and from EU and EEA member states. This also means there are no caps on the immigration of citizens of other EU and EEA countries.
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They can stop people from Syria going to their country, but then so can the UK, right now.
 
Dave said:
So it seems Rees Mogg was one of the original proponents for a second referendum after the negotiations
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About as surprising as the sun rising in the morning, like I have said before:
NarrowBandFtw said:
Very convenient to have fair weather faux brexiteers like Rees-Mogg and BoJo to quote. Why not stick to actual brexit supporters rather?
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surface said:
https://www.theguardian.com/politic...00bn-to-frankfurt-as-banks-prepare-for-brexit

London to lose €800bn to Frankfurt as banks prepare for Brexit

Lobby group says up to 37 finance firms are relocating to Germany, taking assets with them
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What a colossal F-UP. Man, the people who voted Leave have been lied to. If you really think that the UK can lose GBP 800 billion worth of the banks business and still come out better for it, then I have no words.

That is a lot of jobs lost - all because some old Brits decided the Polish had to go home.
 
Ancalagon said:
What a colossal F-UP. Man, the people who voted Leave have been lied to. If you really think that the UK can lose GBP 800 billion worth of the banks business
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Just another alarmist article supporting the bremoaners, and it is claimed to be 800 billion in assets btw, not in business.
 
NarrowBandFtw said:
Just another alarmist article supporting the bremoaners, and it is claimed to be 800 billion in assets btw, not in business.
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No, it is banks that are moving and taking their jobs with them. So, jobs and assets lost.
 
Ancalagon said:
No, it is banks that are moving and taking their jobs with them. So, jobs and assets lost.
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the full impact of which cannot be measured properly at this stage

are they magically going to stop doing business with the UK? highly unlikely, is the loss as great as punted here? probably not
 
NarrowBandFtw said:
the full impact of which cannot be measured properly at this stage

are they magically going to stop doing business with the UK? highly unlikely, is the loss as great as punted here? probably not
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No, but you can't argue that losing capital and jobs is a good thing. The net loss may be less than GBP 800 billion, but it is still a loss, and due to Brexit.
 
NarrowBandFtw said:
the full impact of which cannot be measured properly at this stage

are they magically going to stop doing business with the UK? highly unlikely, is the loss as great as punted here? probably not
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With the UK, whats that got to do with anything? Its about doing business in the UK.
 
Unhappy438 said:
With the UK, whats that got to do with anything? Its about doing business in the UK.
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You think something like granting a multi billion GBP loan to a UK business isn't doing business both in and with the UK?

You think investment banks would not be invested in any UK companies juts because they moved their HQ?

etc etc etc

Moving your assets out of the country means very little until you detail exactly what kind of assets you're moving.
 
Ancalagon said:
No, but you can't argue that losing capital and jobs is a good thing. The net loss may be less than GBP 800 billion, but it is still a loss, and due to Brexit.
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But the sovereignty is worth any price.

According to some supporters of leaving.
 
Ancalagon said:
No, but you can't argue that losing capital and jobs is a good thing. The net loss may be less than GBP 800 billion, but it is still a loss, and due to Brexit.
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Not arguing it is a good thing, just that the full impact is not well understood so the 800 billion number is basically just a number without much substance.

If someone wanted to put an "honest" cost to brexit they would extrapolate numbers that could be gained with new deals that were previously not possible under the EU and the hard savings from leaving the EU and compare THAT to the capital and/or job losses.

The truth is much more complex than the media has ever bothered to admit.
 
NarrowBandFtw said:
You think something like granting a multi billion GBP loan to a UK business isn't doing business both in and with the UK?

You think investment banks would not be invested in any UK companies juts because they moved their HQ?

etc etc etc

Moving your assets out of the country means very little until you detail exactly what kind of assets you're moving.
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You must be tying yourself in knots with all your convoluted logic.

If you wanted South Africa to grow, would you rather that a new bank invests its money in Nairobi and does business with Johannesburg or invests its money in Johannesburg and does business with Nairobi?

Which scenario do you think would bring more money to South Africa?
 
noxibox said:
But the sovereignty is worth any price.

According to some supporters of leaving.
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Sovereignty is worth any price, millions have died over the centuries for nothing more than that freedom. Worrying about where your passport will be allowed is petty by comparison to be honest.
 
Ancalagon said:
You must be tying yourself in knots with all your convoluted logic.

If you wanted South Africa to grow, would you rather that a new bank invests its money in Nairobi and does business with Johannesburg or invests its money in Johannesburg and does business with Nairobi?

Which scenario do you think would bring more money to South Africa?
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South Africa, by itself is not an economy of the size and scale of the UK on the global stage, the comparison is silly.

Whether you like it or not an independent UK will still be in the global top 5 and other countries will HAVE to do business with it unless they are complete retards.
 
NarrowBandFtw said:
the full impact of which cannot be measured properly at this stage

are they magically going to stop doing business with the UK? highly unlikely, is the loss as great as punted here? probably not
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You sound like a Socialist defending Socialism.
 
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