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Brexit OUT of EU: What happens now?

Discussion in 'General Chat' started by noco, Jun 24, 2016.

sentifi.com

Aussie Stock Forum Sentifi Top themes and market attention on:

  1. sptrawler

    sptrawler

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    Hong Kong exchanges, has made a bid for the London Stock Exchange Group, $53billion Aussie.
    Obviously they aren't too worried about Brexit.:D

    Hong Kong makes £30 billion bid for London Stock Exchange
    The deal would "redefine global capital markets for decades to come," HKEX CEO Charles Li said in a statement. It would reinforce Hong Kong's position as the key connection between mainland China, Asia and the rest of the world, HKEX said.
     
  2. Knobby22

    Knobby22 Mmmmmm 2nd breakfast

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    Didn't they make a bid for the ASX or was it Singapore? Think it got blocked.
     
  3. bellenuit

    bellenuit

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  4. bi-polar

    bi-polar

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    Hong Kong makes £30 billion bid for London Stock Exchange for recreational use only.
    The British found they could address the growing trade deficit through opium from Bengal, India, where they owned plantations. Opium became more plentiful, and uses of the drug changed from originally medical purposes to recreational use. The drug represented 57 percent of all imports into China and also became a major source of currency. Millions of dollars’ worth of opium were imported into the country, distributed into the interior, and sold at retail shops and smoking houses. . Americans first acquired opium from Turkey and then from India, where it was considered superior in quality.

    Augustine Heard & Co. used opium as payment to Chinese brokers for tea and silk, which would be purchased by American buyers. The firm traded in the drug early in the company’s history and also served as the agent for opium and tea trade for Jardine, Matheson & Co. during the First Opium War. John Heard explained, “The opium business is the best business we have, not only from the direct, but for the collateral profit it induces. It also affords an excellent vent for exchange from America, rendering us independent of the demand for bills.”
     
    IFocus likes this.
  5. IFocus

    IFocus You are arguing with a Galah

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    If Johnson had a plan then that could possibly happen, not likely but possible, currently everyone is playing brinkmanship, lets face it the UK and Europe have never been best friends ever, the point of the EU was always to contain Germany and largely that has been successful.

    I think the ramifications for the UK are wildly underestimated that's before you get to Scotland and Northern Ireland.

    Still we will find out as the Titanic sails ahead full speed into the night.

    I don't think the left / right arguments apply here either the whole process is utter dysfunction.
     
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  6. wayneL

    wayneL Rotaredom

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    Guys Guys

    Even with a no deal, which just means a default to WTO terms, companies will still want to do business. "No deal" does not mean "no trade" ffs. To belabour the point, the UK is not leaving the planet. Yes some trade will become unviable or less profitable, but other opportunities will come... stacks of them.

    It will be a J curve Keating will be proud of.
     
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  7. Logique

    Logique Investor

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    England ..the new Hong Kong. Unless the pollies get their act together.

    Parliament isn't respecting the will of the people, that's the issue
     
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  8. bi-polar

    bi-polar

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    Mebyon Kernow's platform is Cornish nationalism. It believes that Cornwall should be categorised as an independent nation within the United Kingdom alongside England, Wales, Northern Ireland and Scotland . The Cumbrian north argues for shaping the decisions that affect their economic and social future: to put back onto the political agenda the issue of more power and the case for an elected regional assembly. INDEPENDENCE may be the only option left for Jersey if Brexit unfolds unfavourably for the Island, according to Sir Philip Bailhache.
    The Falkland Islanders were asked whether or not they supported the continuation of their status as an Overseas Territory of the United Kingdom. On a turnout of 92%, 99.8% voted to remain a British territory, with only three votes against. Tony Abbott ( Warringah . Lib) voted British.
     
  9. IFocus

    IFocus You are arguing with a Galah

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    Brexit.jpg
     
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  10. IFocus

    IFocus You are arguing with a Galah

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    Brexit 2.jpg
     
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  11. bi-polar

    bi-polar

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    "Hey , that's a jolly good line for my clown act. Do you have some long shoes and red nose?"
     
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  12. basilio

    basilio

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  13. basilio

    basilio

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    Away from the mad loons currently in No 10 and understanding how countries have to work with each other.

    Hopes of clean break with EU are nonsense, says ex-Brexit official
    A no-deal exit would trigger complex negotiations, argues former top DexEU civil servant

    Heather Stewart Political editor

    Sat 14 Sep 2019 15.00 AEST Last modified on Sat 14 Sep 2019 15.02 AEST

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    [​IMG]
    Philip Rycroft, former DExEU permanent secretary, says the UK’s close ties with the EU cannot be undone. Photograph: Parliament TV
    Claiming a no-deal Brexit represents a clean break with the European Union is “nonsensical”, according to Philip Rycroft, the former permanent secretary at the Department for Exiting the EU.

    Boris Johnson has promised to extricate the UK from the EU on 31 October “come what may” – and has hinted that he could try to get around legislation mandating him to request a Brexit delay.

    The Brexit party leader, Nigel Farage, whose party trounced the Tories in May’s European elections, has been urging the PM to deliver a “clean break Brexit” by leaving without a deal.

    But Rycroft, who was the most senior civil servant at DexEU until March this year, told the Guardian a no-deal Brexit would mark the beginning of a complex series of negotiations.

    “It is not a clean break: what it does is it takes us legally out of the EU. But what it can’t do is undo all of the very close economic ties that we have with the EU, on which so much of our trade as a country depends. And nor would we want to undo all of the close security ties that we have with the EU,” he said.

    “And because of the importance of those ties both for the EU and the UK, it will remain hugely important to have those expressed through a formal relationship. In other words, we’re going to have to negotiate – and that negotiation on the future relationship starts with citizens, money and the border on the island of Ireland.

    “So the notion that no deal somehow means that we can turn our backs on the EU and break all our ties is just nonsensical.”
    https://www.theguardian.com/politic...-with-eu-are-nonsense-says-ex-brexit-official
     
  14. bi-polar

    bi-polar

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    In the Treaty of London of 1839 Britain insisted on guarantees for Belgium's neutrality. At the Berlin Conference 1884, Britain had recognised the Congo Free State as the personal domain of King of the Belgians. At one point, Britain even demanded that the 14 signatories to the Berlin Conference meet again to discuss the situation. Much of the British fighting took place on Belgian soil, around Ypres in World War I. During World War II, the Belgian government in exile based itself in London. Brussels is therefore obviously a colonial construct from the generosity and benevolence of HM realm with 2 aircraft carriers. A nod from War Cabinet and Brussels is British, again.
     
  15. wayneL

    wayneL Rotaredom

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    Utterly stupid article.

    This is perpetuating the project fear notion that "no deal" means "no trade".

    FFS

    That is playing to folks with an IQ close to the share of the Grauniads circulation.

    Look, Bazzzz. There are intelligent argument for both sides, unfortunately, pathetic and puerile propaganda rags like the Guardian don't care to discuss them, preferring to trot out insults to the intelligence such as this article.

    No deal is NOT turning their back on the EU, it is merely reestablishing UK sovereignty, which may alter some trading terms, but will in no way prevent trade at all.

    In Australia's national interest, BRING IT ON, our industry will do great and even under WTO terms, European and Uk businesses will still trade as they always have done.
     
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  16. basilio

    basilio

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    What a load of shite you do sprout Wayne.
    1) The Guardian merely reported what was said by Phillip Ryecroft. Trashing The Guardian for doing its job is pathetic and puerile. Try commenting on what was said instead of throwing more poison down the well.

    2) The critical point of Phillip Ryecrofts analysis was that "the clean break" line by "Do it now lemmings" is an absolute myth. Negotiations will have to continue on what sort of relationship the UK has with Europe. There are hundreds of trade, political and social agreements that need to be sorted out. Pretending these don't exist is an insult to the intelligence of anyone with two functioning brain cells.

    The problem with lemmings you seem to follow is that they want people to believe the UK can just "walk away" from the EU and then ???? somehow all the structures and agreements that underpinned the relationships between the entities stay in the air and magically still work.

    This is just magical Trumpian/Johnston thinking. Make it up, say it is so and it will work - regardless of reality.
     
  17. wayneL

    wayneL Rotaredom

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    You really just can't grasp the issues Bazzzz, if they don't agree on an arrangement, there is a default arrangement to facilitate trade that will apply. How many times must that be said before you catch on?

    There is no "walking away" from the EU, just a variation of terms. Yes, there will be further negoiations, yes for years, just like what happens all over the world all the bloody time.
     
  18. chiff

    chiff

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    A meeting of British ex-pats in Malaga,southern Spain , yesterday.That area of Europe has the largest population of British ex-pats.They are worried that reciprocal health benefits will not apply to them when the UK exits.Wonder what else will be of detriment to them on a personal level?
     
  19. Logique

    Logique Investor

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    The Remainer Establishment will be brought kicking and screaming to Brexit!
     
  20. Knobby22

    Knobby22 Mmmmmm 2nd breakfast

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    There are some powerful industrialists in the remainder camp allied with the elite of the left.
    It won't be easy.
     
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