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Old 11th Jan 2017, 17:51   #6861 (permalink)
 
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Gouli then explain why the world financial markets don't agree with you and are valuing our currency less and less on that option
Follow that route and you will be looking at around 1.06 to the Euro and 1.13 dollar what will that do to inflation and Mortguages and interstate rates !
As the Bank of England say a transition is vital
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Old 11th Jan 2017, 18:03   #6862 (permalink)
 
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Originally Posted by Krystal n chips View Post
You have to "admire" the sheer arrogance of the Gov't here...asking for the verdict in advance to allow for...... "contingency planning "....

Surely, if, as we are assured, all is going so well, a contingency plan would already be in place......

https://www.theguardian.com/politics...may-article-50
From your article which maybe you should have read

Cabinet ministers have privately conceded that they are very likely to lose a landmark legal case on Brexit in the supreme court and have drawn up at least two versions of a bill that could be tabled after the ruling.

Sources have told the Guardian that senior government figures are convinced seven of the 11 judges will uphold the high court’s demand that Theresa May secure the consent of MPs and peers before triggering article 50.

It is understood that more than one possible bill has been prepared so that the ministers are ready to respond to any detailed guidance from the judges into what the legislation should look like.


A bit more attention to some of the more crystal clear information might be an idea.
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Old 11th Jan 2017, 18:11   #6863 (permalink)
 
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Originally Posted by Pace View Post
Remember our WTO arrangements die with our exit from the EU and some 1600 agreements have to be remade

It would be the case as one large company warned that they would be trading one day and unable to the next
LOL - are you still peddling that nonsense?


"The UK will not face a trade "vacuum or disruption" no matter how tough its exit from the European Union turns out to be, according Roberto Azevedo, director-general of the World Trade Organization (WTO).

"The UK is a member of the WTO today, it will continue to be a member tomorrow. There will be no discontinuity in membership. They have to renegotiate [terms of their membership] but that doesn't mean they are not members."

Azevedo also noted that trade will not stop as members "negotiate the legal basis" under which that trade is going to happen."
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Old 11th Jan 2017, 19:07   #6864 (permalink)
 
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jET2

If its such nonsense why do you think the value of the pound reacts so badly to hard Brexit ? Why do you think Hammond calls for a transition and WTO is not an option for him
Surely the pound should be rocketing at the thought of WTO
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Old 11th Jan 2017, 20:44   #6865 (permalink)
 
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No gives a crap what the pound is worth. At the moment in a deflationary world with competitive devaluations going on it's a god send. Sub one euro to pound is even better ..
The deutsche mark would be 30 per cent higher if they weren't in the euro. Maybe more. Do they give a shit. Er no. They are busy getting rich while Southern Europe deals with huge unemployment.
As for inflation. Give me a call when it reaches the bank of England's target. Maybe they will put rates up by 0.000000025 % ��
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Old 11th Jan 2017, 22:31   #6866 (permalink)
 
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Do the Germans give a shit about the strength of currency

Having the Euro 30% cheaper than the DM would have been has given the German exporters a significant advantage worth 100s of billions over the last decade

So do I think the Germans give a shit?
Er...yes.
Does a bear shit in the woods?
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Old 11th Jan 2017, 22:54   #6867 (permalink)
 
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Originally Posted by Pace View Post
jET2

If its such nonsense why do you think the value of the pound reacts so badly to hard Brexit ? Why do you think Hammond calls for a transition and WTO is not an option for him
Surely the pound should be rocketing at the thought of WTO

Ooh thats a hard one - let me think. Perhaps because he was in favour of remaining in the EU?

As far as the currency goes - did you flap like this before the referendum when the value of the Pound went up and down or is it a recent affliction?. For example were you panicking in 2013 the last time the Pound was at these levels against the Euro?
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Old 12th Jan 2017, 03:50   #6868 (permalink)
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" From the article which maybe you should have read"....

It is not yet clear when the decision is likely, but the Guardian has been told that the government has asked the supreme court for early sight of the judgment, to allow “contingency planning”.

However, a spokesperson for the supreme court made clear on Wednesday that would not happen, saying: “It’s just too sensitive


Given you are, as you say, smarter than the rest of us, although quite what metric you are using to determine this allegation remains unclear, it's perplexing as to how the above escaped your attention. And, of course, being prescient ( leaving aside the the matter of both pre and post vacillation ) as to the result of the referendum, we, the nation and no doubt the Gov't, would all be eternally grateful if you could offer a reprise with the outcome of the ruling.

Last edited by Krystal n chips; 12th Jan 2017 at 04:27.
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Old 12th Jan 2017, 05:14   #6869 (permalink)
 
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It would appear that me fully understanding whilst you completely missed the rather simple and crystal clear information avaialable to one and all that a vote to Leave was a vote to Leave the Single Market has caused you some angst Komrad.
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Old 12th Jan 2017, 07:27   #6870 (permalink)
 
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Jet 2

Since the Euro inception in 1999 the average Euro pound value was .73 since the referendum it is .82
But you still haven't answered my question of why do you think if a complete break is such a good economic move do you think the pound crashes on that possibility
Yes Hammond supported remain
So did his boss Theresa May
Infact she wrote two very good articles one on the benefits of the single market and another on the benefits of EU immigration
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Old 12th Jan 2017, 07:48   #6871 (permalink)
 
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More Brexit gloom and doom

LIVE: Retailers post festive trading figures

I know, I know it's only happening because we haven't left yet.

Come on Remoaners the clues are rolling in on a daily basis now.
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Old 12th Jan 2017, 07:53   #6872 (permalink)
 
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Originally Posted by Seldomfitforpurpose View Post
Come on Remoaners the clues are rolling in on a daily basis now.
The reality is, they don't have a clue.
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Old 12th Jan 2017, 08:20   #6873 (permalink)
 
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Surely the pound should be rocketing at the thought of WTO

Pace - sorry you invested in currency. I'm in the markets and smiling at record highs. Though I am seeing my FA today about moving more defensively - just in case the pound risesagain.
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Old 12th Jan 2017, 08:25   #6874 (permalink)
 
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Pace - sorry you invested in currency. I'm in the markets and smiling at record highs. Though I am seeing my FA today about moving more defensively - just in case the pound risesagain.
The markets are rising because the biggest players earn their revenues / profits in US dollars. it is rising far too fast, and there will be a major correction in the next few months. Whether it's the idiot Trump, Brexit or something else that prompts it only the Lord knows - and he isn't letting on!
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Old 12th Jan 2017, 08:28   #6875 (permalink)
 
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I am not invested in currency but have made two trips to USA and a further one 7 Feb
One good news is they have been to Orlando or better known as Disney World
Flights are empty with uk citizens who can no longer afford to go there so am getting cheap flights although expensive when there not Disney world )

Clocks turned back to days when Blackpool and Brighton were the holiday destinations
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Old 12th Jan 2017, 08:28   #6876 (permalink)
 
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Yes. I can't take any more bad news.

SFFP. It's not 'because of Brexit', it's not 'despite Brexit, it's 'because we are in the single market' or as you say 'because we haven't left yet'.

M&S even managed to increase their clothing sales! Next profits were in line with expectations and experienced great growth and added jobs, shops and warehousing. CO-OP are opening 100 stores this year, BM are adding stores, IKEA are adding stores, LIDL and ALDI are adding stores, Hotel Chocolat are adding stores, Dunelm are adding new stores. The retail industry is booming but let me guess, it's 'because people are getting into more debt or 'the shops had already signed their contracts and are compelled to open them'.

A northern company just had the best year in its 169 year history.

Brexit Britain is booming.
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Old 12th Jan 2017, 08:35   #6877 (permalink)
 
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It's not brexit Britain if you didn't know we haven't even enacted art 50
Come back in two years and say that

https://www.google.co.uk/amp/www.cit...?client=safari

The world is our oyster ? With nasty inward looking policies like this I think the white cliffs of Dover are our limits
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Old 12th Jan 2017, 08:38   #6878 (permalink)
 
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Pace - perhaps you should tell Virgin. They've added Orlando frequencies from BFS, GLA and EDI.

You should maybe tell Thomas Cook that they shouldn't bother launching SFO from MAN this summer.

You could perhaps ask Manchester Airport (who experienced a 20% EXPLOSION in passenger numbers) that they have got their figures wrong as Orlando is NOT in their top ten most popular destinations as they claim.

And let's not forget our red nosed friends, Norwegian. They've increased their Orlando flights from booming Britain to Orlando.

For as long as I can remember you can get crazy deals on UK-Orlando route depending on how flexible you are. I recall one way Orlando Glasgow for £90 and a return from Newcastle to Orlando for around the £200 mark.

Post EU referendum Britain is booming.

Last edited by HeartyMeatballs; 12th Jan 2017 at 09:19.
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Old 12th Jan 2017, 09:15   #6879 (permalink)
 
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We're doomed!

UK industry 'booms back to life' as manufacturing drives growth
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Old 12th Jan 2017, 09:19   #6880 (permalink)
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One can understand why the EU starting position is that the UK owes them £60B for leaving, but equally one must ask what we get in exchange?

If they really want to us to continue to pay a continuing membership fee, they will have to offer something substantial at the table.

EU Faces Funding Cliff Edge

Guido Fawkes:

All this talk of Brexit being a cliff edge for Britain ignores the other side of the coin, it is a funding cliff edge for the EU. Excluding Germany, Britain’s contribution is more than the total net contribution of the 26 other EU states combined. Guido will repeat this: add up the debits and credits of every member state from France to Poland bar Germany and it comes to a figure less than Britain’s EU contribution. Britain’s exit will be a massive budget hit to the EU…

Guido has been saying since the referendum that this will be the year world opinion will shift from “What the hell have the Brits done?” to “The EU is in trouble without Britain.” Mark Carney said similar yesterday. When negotiating it will be important to remind them that a bad deal or no deal could see the UK stop the flow of pounds immediately. That is the EU’s budgetary cliff edge…
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