Australian (ASX) Stock Market Forum

Brexit OUT of EU: What happens now?

The numbers are at the moment are damming the UK is seriously in a hole unfortunately that's comparing it to the EU and clearly the Britts were sucked in by the likes of the FRNJ grifter Nigel and his friends it would seem the whole thing was a sham ar-la Trumpian style were they not best friends?

Worth noting that the Conservatives / Tories have overseen the whole process and the situation I guess reflects the various iterations and stages of turmoil / shockingly inept leaders and members of the Conservative Party.

What they do now only god knows, Labor to lead them out of the darkness heaven forbid?

Australia needs a strong UK not a poor man of Europe.
You obviously haven't been to France IFocus, if you think the poor are poor in the U.K, try France, Spain, Portugal, Greece.
I wouldn't be putting too much faith in what a left leaning reporter wants to write, if Brexit doesn't work I'm sure the U.K will move back into the E.U, but as with any major re adjustment in an economy it will take time to settle. Add to that covid and now the energy crisis, it would be truly staggering if there wasn't economic upheaval, to think there wouldn't be in itself would be naive.
So to try and ascertain whether Brexit will be successful, or fail, at this stage is just click bait IMO.
it's a bit like the media ranting and chanting for quarantine facilities, now we have expensive quarantine facilities sitting empty, that money could well have been used for social housing. Is the media running headline articles about Wellcamp, Bullsbrook, Pinkenba etc.
Nope nothing to see there, oooh look at the U.K. :roflmao:
Still lots of people trying to get from France to England IFocus, when I start seeing boat loads of refugees heading from the U.K to Europe, that's when I will start and take notice.
Until then it really falls under the heading of chook food for loonies IMO.

21st December 2022.

As for France.

Screenshot 2023-01-02 212727.png
 
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I'll put it another way @IFocus , Australia could have a much stronger economy, a much faster growing GDP and a faster roll out of infrastructure, industry and growth, if we signed up to a SE Asian free trade block with Indonesia, Phillipines, Thailand, China and Malasia.
If people and businesses could operate and move freely, like when the U.K was in the EU, Australia wouldnt have a problem with not enough workers, not enough money to invest in new industries and public infrastructure etc. How about we sign up for that? We are quick to criticise the UK for feeling they are losing their identity, control of their coastal waters and fishing rights, cheap labor saturating their labour markets.
Why dont we give it go, if it so good for another country, why not us? We are constantly short of people and money, an Asian Union trading block would fix up our labour and money problems wouldnt it?
Lol
 
You need to read up on Michael West possible one of the best in exposing companies rorting investors back in the day again the numbers are damming and watching the conservatives shenanigan's they never had a plan and still don't.

"The momentous decision by the UK to leave the European Union has left it as the only member of the G7 with an economy smaller than it was before the Pandemic. The US, Canada, France, Germany, Italy and Japan have all grown."
 
You need to read up on Michael West possible one of the best in exposing companies rorting investors back in the day again the numbers are damming and watching the conservatives shenanigan's they never had a plan and still don't.

"The momentous decision by the UK to leave the European Union has left it as the only member of the G7 with an economy smaller than it was before the Pandemic. The US, Canada, France, Germany, Italy and Japan have all grown."
West is an ideological leftist and Labor party shill... Untrustworthy
 
I don't understand how anyone can categorically say Brexit has been bad, good, successful, failure, etc. at this stage, maybe by 2030 we can make the call. And what statistics will show, or will we accept to determine if it has been good or bad? (Which brings in the causation vs correlation debate) And is it even about statistics or is it about principle? Should Brussels bureaucrats and politicians elected in Greece paid off by Qatari officials be passing and voting on laws and policies which impact people in the West Midlands? The only argument I can accept is that the Brexit process up to this stage has been poorly managed and communicated. NBN was poorly managed and communicated, but it's still been successful.
West is an ideological leftist and Labor party shill... Untrustworthy
Funny that... A journalist "cherry picking" random stats to support his argument and appeal to anti-Brexit readers. I'll only waste my time on one example: Real wage growth. Sure - if you pick up some statistics from 2007 you can say UK real wage growth is below 2007 levels. But if you revisit the data from 2016 Brexit vote... - funny... Looks like the UK actually outperformed Germany, France, and Spain. So, what does that tell us? (Not a whole lot other than America is still better than Europe) But if I were a journalist who wanted to write an article about how Brexit was successful, I would use that second graph. (I took this data off the international labour organization. Which anyone with a computer can access). I'll start on the second example but wont finish.. Again, cherry picking different dates. Now he's using the pandemic as the reference point of economic size... wage growth was based on 2007 reference point... Anyone can make any argument they want when they pick and choose the data and timeframe that suits them. Same as investing.

Isn't Michael Wests sister a Labour MP in the UK? Let me guess... That was his MP 'source'? "As one British MP told Michael West Media" This isn't media, this isn't journalism. It's just a guy with a blog and an opinion.
1672723133604.png

 
You need to read up on Michael West possible one of the best in exposing companies rorting investors back in the day again the numbers are damming and watching the conservatives shenanigan's they never had a plan and still don't.

"The momentous decision by the UK to leave the European Union has left it as the only member of the G7 with an economy smaller than it was before the Pandemic. The US, Canada, France, Germany, Italy and Japan have all grown."
As I said if it was such a great thing, why wouldn't Australia be doing the same with its neighbours?
We could give Indonesia, access to our waters and fishing rights, as the U.K had to do with France, while Indonesia agrees to buy our agricultural products.
We could have a common passport system as the EU does, so that there is free movement of labour in our countries, that would actually reduce the bottlenecks due to our lack of labour, which is holding up projects.
It would be no different to the U.K being in the EU, our economy would boom.
So why don't we have a common trading block with our neighbours, e.g Singapore, Thailand, Indonesia?
I tell you why not, because like the working class in the U.K the worker here would be shafted by itinerant workers who no longer needed a visa.
I think you know that, but your conflicted between your desire to bag the conservatives and actually admitting it is the elites who want to be in the EU, so they can travel to their mediterranean holiday homes and businesses so that they can exploit caravans full of eastern block tradies. :roflmao:
As I said in the early days of Brexit, my cousin the truckie in the U.K wanted Brexit, the other cousin an accountant and his headmistress wife with no children wanted to stay in the EU.
They both had valid reasons, the truckie because of EU scab labour, the accountant and his wife because they enjoyed the freedom of easy travel without customs control.
IMO it is the elites willing it to fail, rather than giving it some time to settle, as I said there aren't boat loads of people heading West to East across the English channel are there?
Also I have read Michael West, he is about as unbiased as Andrew Bolt, or Ross Gittins.
IMO they are all biased and people just have to troll through until they find a reporter who aligns with your own bias..:xyxthumbs
Brexit may fail and it may not, time will tell.


 
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You need to read up on Michael West possible one of the best in exposing companies rorting investors back in the day again the numbers are damming and watching the conservatives shenanigan's they never had a plan and still don't.

"The momentous decision by the UK to leave the European Union has left it as the only member of the G7 with an economy smaller than it was before the Pandemic. The US, Canada, France, Germany, Italy and Japan have all grown."
The important fact raised you've above in West's piece Focus and shouldn't be missed is 'momentous'.
The Epistimlogical import of this is what has your detractors knickers in a knot.
Brexit is a failure of thought.
The ridiculous false equivilence of some sort of Australian-SouthAsian 'economic union' to the 'EU Common Market' given the cultural and industrial history differential is simply mind numbing.
The Farage inspired reactionary fall back postion of the bedwetters above; 'fear the refugees' has inspired me immeadiatly to donate a few buck$ to Albert Einstein inspired IRC .

'Brexit? time will tell'l.... what a laughable retort. International Capital looks at Britian and sees a shrinking economy. The carpetbaggers are biding their time. And it has already and will continue to tell.
 
I don't hold a position if Brexit is / was a good idea or a bad idea however right now the numbers are damming, there is no plan unless some one knows different?

Anyone?

As for West being pro or leftard-spital you didn't read the article...eh.
 
I don't hold a position if Brexit is / was a good idea or a bad idea however right now the numbers are damming, there is no plan unless some one knows different?

Anyone?

As for West being pro or leftard-spital you didn't read the article...eh.
To be fair to the Tories, most of them didn’t want to leave either. Few in the political class did of any persuasion.
It was really about immigration and a niave belief that Britain could be a power again.

They will muddle along. They used to have high tech companies but no longer. Oil reserves are running out. Feel a bit sorry for the poms.
 
I don't hold a position if Brexit is / was a good idea or a bad idea however right now the numbers are damming, there is no plan unless some one knows different?

Anyone?

As for West being pro or leftard-spital you didn't read the article...eh.
To be fair to the Tories, most of them didn’t want to leave either. Few in the political class did of any persuasion.
It was really about immigration and a niave belief that Britain could be a power again.

They will muddle along. They used to have high tech companies but no longer. Oil reserves running out. Feel a bit sorry for the poms.
 
To be fair to the Tories, most of them didn’t want to leave either. Few in the political class did of any persuasion.
It was really about immigration and a niave belief that Britain could be a power again.

They will muddle along. They used to have high tech companies but no longer. Oil reserves running out. Feel a bit sorry for the poms.

True to some degree but many Tories were cheer leaders or dog whistlers then floated to the top in leadership roles as a result, regardless the mess that they have made of it after the fact belies belief.

Wests made some very good points one being a few made fortunes pity the rest have loss out.

And this

"Sadly for the UK, once famed for its aerospace, its automobile makers, manufacturing too has shrunk. It’s not just Brexit but the dismal failure of neo-liberal policy. As Prem Sikka puts it in this piece.

“The elites have transformed the state. Instead, of an entrepreneurial state which once invested in biotechnology, aerospace, information technology and other emerging industries, it now guarantees corporate profits to enrich a few."


There is no where to hide.

"The British pound has cratered, rendering imports more expensive, inflation is in double digits, debt at record levels, trade has been hammered; the UK Office for Budget Responsibility, the body which produces economic forecasts for the government, expects Brexit to reduce Britain’s output by 4% over 15 years compared to remaining in the EU trading bloc. "

“Just 250 people have wealth of £710.723bn whilst average real wage of workers is less than what it was in 2007."

Below is just unbeliveable

"The poorest 20% in Ireland have a standard of living almost 63% higher than the equivalent poorest in the UK. "

"More than 7m people waiting for a hospital appointment."
 
True to some degree but many Tories were cheer leaders or dog whistlers then floated to the top in leadership roles as a result, regardless the mess that they have made of it after the fact belies belief.

Wests made some very good points one being a few made fortunes pity the rest have loss out.

And this

"Sadly for the UK, once famed for its aerospace, its automobile makers, manufacturing too has shrunk. It’s not just Brexit but the dismal failure of neo-liberal policy. As Prem Sikka puts it in this piece.

“The elites have transformed the state. Instead, of an entrepreneurial state which once invested in biotechnology, aerospace, information technology and other emerging industries, it now guarantees corporate profits to enrich a few."


There is no where to hide.

"The British pound has cratered, rendering imports more expensive, inflation is in double digits, debt at record levels, trade has been hammered; the UK Office for Budget Responsibility, the body which produces economic forecasts for the government, expects Brexit to reduce Britain’s output by 4% over 15 years compared to remaining in the EU trading bloc. "

“Just 250 people have wealth of £710.723bn whilst average real wage of workers is less than what it was in 2007."

Below is just unbeliveable

"The poorest 20% in Ireland have a standard of living almost 63% higher than the equivalent poorest in the UK. "

"More than 7m people waiting for a hospital appointment."
Again due to the administrative incompetence of the RED Tories, rather than Brexit.

Conflating those factors is what leftards do without them realising how stupid they look in doing so.
 
Again due to the administrative incompetence of the RED Tories, rather than Brexit.

Conflating those factors is what leftards do without them realising how stupid they look in doing so.
Conflation evident.

Those policies to remove government support from research and manufacturing aren't red. They are Classic Libertarian policies. Lower taxes by not being involved.

Germany, Japan , South Korea, Norway, France do the opposite and actively use tax payers money to support industry and research. USA is doing it more now also especially in the semiconductor space.
 
Well the EU could certainly do with the U.K's membership fee (Aus $24b), France is going to have riots, because they are going to raise the pension age from 62 to 64.
The U.K has had a 65 pension age for eons, but I suppose subsidising the French was fine, just another of life's suck it up princess moments, in the name of equality.?
The latest from over that way is that France is increasing its pension age from 62-64/65, apparently the natives are getting restless.

Pension amounts are determined by number of years of residency from age fifteen to the minimum age permitted to receive the pension (age 62).

It will be interesting to see if the U.K does go back in, the blue collar people voted them out, the elites wanted to stay in, time will tell.

We will see if the U.K worker subsidising EU early retirement and losing jobs to EU work gangs in caravans, wins over the U.K rich wanting to get back to easy travel to the summer vacation houses on the French Riviera and the Amalfi Coast.
We can tell who you are backing. :xyxthumbs
By the way, still a lot of refugees crossing the channel and not staying in Europe, maybe the U.K should just make their welfare system the same as the E.U that might stop the flow?


The crossings have become a big political embarrassment for supporters of Brexit, like Mr. Sunak, who claimed that leaving the European Union would allow Britain to reclaim control of its borders.
Instead, more than 40,000 people have made the perilous Channel crossing this year, mainly from France, partly because other routes have been closed as the authorities have cracked down on people-smuggling by truck and shipping container, prompting migrants to make the same journey in small, sometimes unseaworthy, boats.
As Britain’s creaking migration system struggles to cope, the overall backlog of asylum claims has reached about 150,000. On Tuesday, the government committed to eliminating more than 92,000 of those by the end of next year by hiring extra staff and clarifying its rules.
Mr. Sunak remains committed to the Rwanda policy but has also taken a more pragmatic approach by improving cooperation with France. On Tuesday, he also announced a new unit dedicated to processing cases involving Albanians and an agreement to embed British border guards at the airport in Tirana, the Albanian capital.
Well it looks like France has finally done it, or should I say Macron has, the pension age in France has been raised to 64.


Paris police have clashed with demonstrators for a third night as thousands of people marched throughout the country amid anger at the government pushing through a rise in the state pension age without a parliamentary vote.
Prime Minister Elisabeth Borne invoking article 49.3 of the constitution to impose the pension overhaul by decree also provoked tumult in parliament and moves to file a motion of no-confidence in the government.

Mr Macron put the pensions reform, which also seeks to increase the number of years people have to work to receive a full pension, at the centre of his re-election campaign last year.
 

Brexit OUT of EU: What happens now?​


In what degree and how long before they're back in???

Beware Right wing populists spruking BS...
You and @IFocus had better get onto your mates in Parliament, they might walk away from a free trade deal with the EU, FFS how bad would that be according to you two. ? ? ?
Why wouldn't we bend over backwards for the EU, apparently the U.K should have.:whistling:
You need to stop reading your left wing rags and start to think for yourselves, obviously Farrell does.
Oh by the way, another bit of news for you guys, just to keep you up to speed on the state of affairs in the EU.

eurozone dips into recession​

Europe falls into a technical recession over the first three months of the year but another rate hike is expected.

And for the U.K?



Now back to Australia:

“We are not going to go at it at any cost,” Senator Farrell told an estimates hearing of the Foreign Affairs, Defence and Trade committee on Friday.

“If the Europeans play too hard, then we won’t have an agreement.”
 
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Left wing rags?
In the near future I'll go back and find the head of 'Bank of England' reporting to Parliment on Brexit consequences a few months back.
And I'm so looking forward to seeing Farage at next weeks International Socialist meet.

you need a little more time out from under your rock trawler.
 
To be fair to the Tories, most of them didn’t want to leave either. Few in the political class did of any persuasion.
It was really about immigration and a niave belief that Britain could be a power again.

They will muddle along. They used to have high tech companies but no longer. Oil reserves are running out. Feel a bit sorry for the poms.

Left wing rags?
In the near future I'll go back and find the head of 'Bank of England' reporting to Parliment on Brexit consequences a few months back.
And I'm so looking forward to seeing Farage at next weeks International Socialist meet.

you need a little more time out from under your rock trawler.
Do you guys actually research anything before making a broad statement?

To say "They will muddle along. They used to have high tech companies but no longer. Oil reserves are running out. Feel a bit sorry for the poms.".
You do realise we are buying nuclear subs off them, they are building them for us, we aren't building them for the U.K.,
I mean seriously, you feel sorry for them, don't you think that is a bit smug coming from a country that basically makes all its money from digging holes, with other countries machinery.

The UK tech sector will end the year as Europe’s leading ecosystem, retaining its position as the main challenger to the US and China amidst a global backdrop of difficult economic conditions, according to new figures from Dealroom for the Digital Economy Council.

During 2022, fast-growing UK tech companies have continued to raise at near-record levels (£24 billion), more than France (£11.8 billion) and Germany (£9.1 billion) combined. This takes the total raised over the past five years to nearly £100 billion (£97 billion).

Further stats today show that the UK has:

  • More high-growth companies than European peers having created 144 unicorns and 237 futurecorns and over 85,000 startups and scale-ups
  • More venture capital investment than European peers
  • A forward-thinking approach to regulation encouraging digital innovation and competition
  • Attracted VC funds from across the globe including General Catalyst, Sequoia and Lightspeed
  • Eight cities with more than two unicorns including Edinburgh, Nottingham and Oxford

British defence contractor to develop hypersonic missile-killing lasers for Australia​

Firm also developing a 'Dragonfire' hypersonic-missile killing laser in the UK


And @orr are you going to add anything of value ever to the forum? Endless dribble and childlike remarks seems to be about the limit of you intellectual dexterity.
WOW "I need to come out from under my rock", that probably hurt your head, more than my feelings.:roflmao:
 
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When you're ready to choke on it trawler just pop 'brexit bank of england' into youtube .... the Daily Mail does a short 3min version to suit the attention span of their target audience. The comment's must look a treat these days six months plus on.....
go go you lefty's
;
There's also longer detailed peices for better understanding.
 
When you're ready to choke on it trawler just pop 'brexit bank of england' into youtube .... the Daily Mail does a short 3min version to suit the attention span of their target audience. The comment's must look a treat these days six months plus on.....
go go you lefty's
;
There's also longer detailed peices for better understanding.
3 minutes, it would have to be a cartoon to hold your attention for that amount of time.
You should concentrate on things you have some control over, rather than a country half a world away, I certainly have no interest other than conversation with my relatives that still live there. ?
By the way, have you ever been to the U.K ?
 
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