The Brexit Thread

[rietrot]

And leave said they would leave with all the rainbow farting unicorns you could muster.

And the remoaners are still moaning. What's new.

 

[OrbitalDawn]

Categorical, definitive proof that the so called fear campaign from Remainers was accurate and called it, as it would be.

Proof that the leave campaign was built up of lies and fairy tales.

Good bye frictionless trade, hello regulatory checks, additional paperwork and and and.

I thought Brexit was meant to break free from the EU beauracrecy? Seems like it was all about making it more beauracratic, adding additional trade barriers, reducing free market capitalism. For what?

https://twitter.com/i/web/status/1226898157218471937

Quite convenient mental gymnastics. Brexit is never about what Brexiteers actually campaigned on and promised, it's about whatever the hell you want it to be.

 

[OrbitalDawn]

lol.

UK economy saw zero growth at the end of 2019

Growth in the services and construction sectors was offset by a "poor showing" from manufacturing.

www.bbc.com

The UK economy saw no growth in the final three months of 2019, as manufacturing contracted for the third quarter in a row and the service sector slowed around the time of the election.

The Office for National Statistics (ONS) said the car industry had seen a particularly weak quarter.

 

[NarrowBandFtw]

No. People who voted for Brexit, did not know what they voted for.

Did they vote for price inflation and food shortages?

No, seeing as the cause is a weak brexit so longed for by remoaners, brexit supporters certainly did not vote for it

next?

 

[NarrowBandFtw]

lol.

UK economy saw zero growth at the end of 2019

Growth in the services and construction sectors was offset by a "poor showing" from manufacturing.

www.bbc.com

you seem to have the wrong thread ... 2019 is before brexit, you can blame the EU for that lack of growth

 

[Spizz]

I can't find reference to your quote "it's known as a "country over there"." anywhere in the link, could you help me locate it?





And you still haven't explained what you mean by "we"...

It’s a telling glimpse into his fantasy world. These couple of posts from him highlight perfectly how he has no idea what Britain is or how it’s people think.

 

[buka001]

It’s a telling glimpse into his fantasy world. These couple of posts from him highlight perfectly how he has no idea what Britain is or how it’s people think.

Chris, like many others think that this is a return to the hey days of the Empire. Rule Britania and all that.

It is OK. As time has shown how badly the Leave campaigners have lied, so shall it show just how difficult it is for a country to stop the way it has done business for 40+ years and change into something new overnight.

Britain has become the first country in history to sanction itself.

Yes they will recover, but at what cost? What is the opportunity cost?

Where would they have been if they did not have to cut off the way they do business and reinvent the wheel? How far more productive and prosperous would they have been, were it not for this venture?

 

[AlmightyBender]

Britain has become the first country in history to sanction itself.

Yes they will recover, but at what cost? What is the opportunity cost?

This right here sums it up perfectly.

Can end the thread now

 

[access]

Yes, I know I'm talking about trade negotions between the EU and the UK. India doesn't feature in that and neither does whatever 'ranking' you are referring to. This is about negotiating strength between two parties and population size makes a difference. The trade that happens within the EU dwarfs the trade that will happen between the UK and the EU many times over.

If it's rankings you are interested in perhaps you should have a look at the world's largest economies

https://www.thebalance.com/world-s-largest-economy-3306044

lol, you quoted population as if it is what determines when people will want to trade. traders want to sell their products, they need consumers buy those products. the uk is one of the top consumers in the world. they will make trade agreements just fine. especially if the traders can do so in pounds.

but as you were, preach your doom and gloom

 

[Dave]

N26 announces exit from UK banking market

Berlin, February 11, 2020 - With the UK having left the European Union, N26 has today announced that it will be leaving the UK market. The timings and framework outlined in the EU Withdrawal Agreement mean that the company will in due course be unable to operate in the UK with its European banking licence.

Thomas Grosse, Chief Banking Officer at N26 said: “While we fully respect the decision that has been taken, it means that N26 will in due course be unable to serve our customers in the UK and will have to leave the market.” Customers with accounts in other markets will not be affected.

Leaving the UK does not change our global vision to transform retail banking for the better

…

n26.com

 

[Go_Getter]

Brexit was not a purely economic decision.

 

[AfricanTech]

Brexit was not a purely economic decision.

What are the other reasons (ie the ones that outweigh the economics?)

 

[NarrowBandFtw]

Leaving the UK does not change our global vision to transform retail banking for the better

…

n26.com

oh noooooos, the German bank most notorious for easy sign-up and uncontrolled fraud & money laundering will leave the UK?!?

whatever will they do to regain all that fraud???

 

[Dave]

oh noooooos, the German bank most notorious for easy sign-up and uncontrolled fraud & money laundering will leave the UK?!?

whatever will they do to regain all that fraud???

Not that it's relevant, but N26 was getting a bad name for exactly the opposite, they were refusing accounts to people with perfectly good credit with no reason given.

Maybe you're thinking of Monzo when you talk about easy sign-up and fraud issues?

 

[NarrowBandFtw]

Not that it's relevant, but N26 was getting a bad name for exactly the opposite, they were refusing accounts to people with perfectly good credit with no reason given.

Maybe you're thinking of Monzo when you talk about easy sign-up and fraud issues?

nope, direct dealings with fraud and compliance teams as a consequence of my role, but that's perhaps saying too much

it is most definitely N26, did you know you can open a verified N26 account (a German one mind you) all the way from South Africa still to this day? that's not a feature by their design, merely a known oversight they dare not address

EDIT: fwiw, https://mybroadband.co.za/forum/threads/n26-euro-bank-account.927628/

 

[C4Cat]

but as you were, preach your doom and gloom

Lol, that's not doom and gloom, I'm European, I think it's great that we're in a stronger negotiating position. Good luck to the UK. I don't see Brexit as being advantageous to either side, but the UK definitely has a tougher, uphill battle ahead.

 

[Dave]

nope, direct dealings with fraud and compliance teams as a consequence of my role, but that's perhaps saying too much

it is most definitely N26, did you know you can open a verified N26 account (a German one mind you) all the way from South Africa still to this day? that's not a feature by their design, merely a known oversight they dare not address

EDIT: fwiw, https://mybroadband.co.za/forum/threads/n26-euro-bank-account.927628/

N26 Germany might well be (I have no idea), but N26 UK was declining people all over the place, you only have to read reddit or one of the UK fintech forums to see it was a problem.

Edit

Just read the thread and the UK processes were nothing like that, proof of ID and residence were required as well as government issued ID photographed and sent to them. A video of you stating your name and address (iirc) was also required. As I recall, they were declining people who had grown a beard between getting their passport/drivers licence photo taken and the video being made.

 

[NarrowBandFtw]

N26 Germany might well be (I have no idea), but N26 UK was declining people all over the place, you only have to read reddit or one of the UK fintech forums to see it was a problem.

their reputation is only as good as the one they have in their home base, and it is atrocious, the UK dodged a bullet by losing this business

especially seeing as the issue is not being able to simply operate under their EU licence and needing to qualify for a UK licence

 

[Spizz]

their reputation is only as good as the one they have in their home base, and it is atrocious, the UK dodged a bullet by losing this business

especially seeing as the issue is not being able to simply operate under their EU licence and needing to qualify for a UK licence

I kinda think you are missing the point here. They are not leaving because of their reputation.

 

[NarrowBandFtw]

I kinda think you are missing the point here. They are not leaving because of their reputation.

Who cares? Their "loss" is a blessing to the UK, because of their reputation.

Surely you don't believe every single company that leaves the UK for any loosely brexit related reason is always a bad thing for the UK? This one is a nett positive.