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The Brexit Thread (LOCKED)

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CambridgeEagle Flag Sydenham 13 Oct 17 9.05am Send a Private Message to CambridgeEagle Add CambridgeEagle as a friend

Originally posted by .TUX.

The amount of DEBT the EU continues to print to prop-up the 'bloc' seems to continually pass you by.

While we're here, having being the first to make this board aware of Maltas income through passport sales, another 'first' is that this country earns 10% of it's earnings through online gambling.
So what financial expertise exactly should we take from your posts?

Edited by .TUX. (12 Oct 2017 9.18pm)

EU credit rating = AAA
UK credit rating = AA2

AAA is 2 rungs better than AA2. Borrowing is lower in the EU.

I think that talking about debt issued by the EU is relatively pointless in this debate.


What's more important than arguing over Brexit itself is how we're managing it and what kind of Brexit we will end up with and whether we're going to end up with what people had in mind when they voted for it.

In my opinion the Tories are making a total mess of it, they are only interested in themselves and their backers and are totally ignoring the reasons people voted for Brexit. The same reason why they did so poorly in the Brexit election they had this year.

We're now in an extraordinarily weak position and no deal would be a disaster for numerous reasons. It's also fairly evident that it would be much worse for us than for the EU so it's not a particularly brilliant strategy, other than politically among Brexiteers. The EU 27 all have their own electorates they need to answer to, and anti-EU factions to ward off and for them no deal is quite good.

 

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CambridgeEagle Flag Sydenham 13 Oct 17 9.16am Send a Private Message to CambridgeEagle Add CambridgeEagle as a friend

Originally posted by Stirlingsays

How unexpected, Cambridge sees Brexit through the lens of his own beliefs.

Apparently most people don't care about the EU.....Where in reality, more people voted against membership of the EU than have ever voted for anything in this country ever.

But for you.....na, it wasn't about the EU...it was one in the eye for the establishment.

Yet, come the election after it....less vote...and less vote for Labour than the ruling Tories by fifty odd seats.

Some poke in the establishment eye that was.


Edited by Stirlingsays (13 Oct 2017 8.53am)


It was undoubtedly a significant factor.

I don't believe for a minute that most people in the country want the version of Brexit the Tories are leading us towards. They don't want a low tax, low regulation economy that is just focused on enriching the already rich and keeping the poor in their place. That's the direction of travel. People want better public services and a more equal society.

 

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chris123 Flag hove actually 13 Oct 17 9.16am Send a Private Message to chris123 Add chris123 as a friend

Originally posted by CambridgeEagle

EU credit rating = AAA
UK credit rating = AA2

AAA is 2 rungs better than AA2. Borrowing is lower in the EU.

I think that talking about debt issued by the EU is relatively pointless in this debate.


What's more important than arguing over Brexit itself is how we're managing it and what kind of Brexit we will end up with and whether we're going to end up with what people had in mind when they voted for it.

In my opinion the Tories are making a total mess of it, they are only interested in themselves and their backers and are totally ignoring the reasons people voted for Brexit. The same reason why they did so poorly in the Brexit election they had this year.

We're now in an extraordinarily weak position and no deal would be a disaster for numerous reasons. It's also fairly evident that it would be much worse for us than for the EU so it's not a particularly brilliant strategy, other than politically among Brexiteers. The EU 27 all have their own electorates they need to answer to, and anti-EU factions to ward off and for them no deal is quite good.

1) Who rates EU at AAA?

2) We are still in the EU.

3) EU credit ratings will be under pressure if the divorce bill isn't settled.

 

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CambridgeEagle Flag Sydenham 13 Oct 17 9.20am Send a Private Message to CambridgeEagle Add CambridgeEagle as a friend

Originally posted by Stirlingsays

How a remainer can complain about something being democratic or not is breath-taking. Parliaments are elected. The largest parties hold power because of an electoral mandate. If we don't like what Johnson and co do....well we can vote them out.

I prefer those lunatics to your lunatics.


I can't vote Johnson out. The person I can vote for won't be allowed a say. That's not democracy.

I'm no ardent remainer. My discussions have been about how we manage Brexit. I've constantly said I think Brexit could be a success, but right now it's heading for a disaster. There is such a spectrum of possibilities. Just because the EU isn't perfect and we could have a better and fairer society outside of it, doesn't make it a certainty. This is a chance to make our economy and society fairer, but the Tories want to take back power to have for themselves not for the people of Britain.

 

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CambridgeEagle Flag Sydenham 13 Oct 17 9.22am Send a Private Message to CambridgeEagle Add CambridgeEagle as a friend

Originally posted by chris123

That stat needs quarantining as the EU debt to GDP is skewed by Germany - Italy, France and Spain have higher debt ratios than the UK.


Look at the direction of travel though. The gap between UK's and France's for instance has shrunk considerably and is likely to continue to do so.

Also borrowing as a club with Germany as a member allows borrowing costs to be very low, so their debt in absolute terms is growing more slowly via accumulated interest, and their economies are growing faster so deficits shrinking faster and debt to GDP growing less quickly or actually shrinking.

 

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CambridgeEagle Flag Sydenham 13 Oct 17 9.26am Send a Private Message to CambridgeEagle Add CambridgeEagle as a friend

Originally posted by chris123

1) Who rates EU at AAA?

2) We are still in the EU.

3) EU credit ratings will be under pressure if the divorce bill isn't settled.

The EU is rated AAA/Aaa/AAA (outlook stable) by Fitch, Moody’s and DBRS

EU debt is guaranteed by all 28 countries so includes the UK, and all existing debt will continue to be post Brexit.

Our credit rating has already been downgraded since Brexit talks started and is under far greater pressure as we're much more exposed and our economy is performing less well.

Market expectations are already factored into ratings, so any expectation on the Brexit deal will be factored in now. Also the UK is legally bound to make certain payments and to guarantee these loans, even once they've left. If we renege on this it's our credit rating that will suffer (again).

Edited by CambridgeEagle (13 Oct 2017 9.28am)

 

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hedgehog50 Flag Croydon 13 Oct 17 9.33am

Originally posted by CambridgeEagle

I can't vote Johnson out. The person I can vote for won't be allowed a say. That's not democracy.

I'm no ardent remainer. My discussions have been about how we manage Brexit. I've constantly said I think Brexit could be a success, but right now it's heading for a disaster. There is such a spectrum of possibilities. Just because the EU isn't perfect and we could have a better and fairer society outside of it, doesn't make it a certainty. This is a chance to make our economy and society fairer, but the Tories want to take back power to have for themselves not for the people of Britain.

LOL - you are a talented impersonator then.

Edited by hedgehog50 (13 Oct 2017 9.34am)

 


We have now sunk to a depth at which the restatement of the obvious is the first duty of intelligent men. [Orwell]

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Kermit8 Flag Hevon 13 Oct 17 9.36am Send a Private Message to Kermit8 Add Kermit8 as a friend

Originally posted by Hrolf The Ganger

Boring.

The worst case scenario. What about the best?


As it stands economically, and the way we are apparently heading, there is no best case scenario just least worst.

 


Big chest and massive boobs

[Link]


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Kermit8 Flag Hevon 13 Oct 17 9.37am Send a Private Message to Kermit8 Add Kermit8 as a friend

Originally posted by hedgehog50

LOL - you are a talented impersonator then.

Edited by hedgehog50 (13 Oct 2017 9.34am)

Anyone over the age of 35 who uses LOL needs to be locked up.

 


Big chest and massive boobs

[Link]


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hedgehog50 Flag Croydon 13 Oct 17 9.39am

Originally posted by Kermit8

Anyone over the age of 35 who uses LOL needs to be locked up.

What is the latest progressive term for it then?

 


We have now sunk to a depth at which the restatement of the obvious is the first duty of intelligent men. [Orwell]

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Kermit8 Flag Hevon 13 Oct 17 9.42am Send a Private Message to Kermit8 Add Kermit8 as a friend

Originally posted by CambridgeEagle


I think for a lot of people it wasn't about immigration but one in the eye for the establishment and them having a chance to say "this isn't working, the UK is going down the plug hole and society is horribly unequal".

The majority of people do not want the Tory idea of Brexit. The majority probably don't care too much about the EU to be honest. They just want a system that is fairer, more equal and where public services and communities are invested in and helped and not simply left to rot.

Sadly the Tories have used the result for their own ends and the lack of strength in the government is actually only helping them deliver a Brexit that works for the establishment and just gives them and the already wealthy more power.

I think for the majority it most definitely was. Why do you think the demagogue Farage stood in front of that poster with that never ending line refugees/migrants? To put the willies up folk and to confirm that their unsure fears were entirely 'rational' is the answer. And a lot of Anti-EU rhetoric is, in the right-wing media anyway, unashamedly xenophobic.

Some people buy into that. A lot apparently.

 


Big chest and massive boobs

[Link]


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Kermit8 Flag Hevon 13 Oct 17 9.44am Send a Private Message to Kermit8 Add Kermit8 as a friend

Originally posted by hedgehog50

What is the latest progressive term for it then?

I prefer the regressive 'don't make me laugh' or 'you're on a wind-up' followed by a face palm. LOL is for girls on Facebook.

 


Big chest and massive boobs

[Link]


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