Brexit

Moggy wrote:

Drumstick wrote:

Denster wrote:We are all responsible in varying degrees.

What kind of fuckery is this? I voted remain; always planned to. I accept precisely zero responsibility for a) 52% of the people that voted choosing to vote leave, and b) the government deciding to interpret the 17 million people that voted leave as a majority of citizens in this country.

Yes but did you put in the effort to personally convince the 17million that voted leave?

No?

Then it’s your fault.

Lucien wrote:

jawafour wrote:I remain astounded that just under 28 percent of people in the UK who were entitled to vote... didn’t vote. I can understand folk deciding to vote one way or the other, but to not vote at all I find surprising. Whilst we chat over how close the result was and how it could quite easily have been different, a huge chunk of the population apparently weren’t too bothered about the outcome.

I think it might not look so bad if you could collect the 28 percent and see why they didn't vote. There must be a good number of people in care homes, or hospitals generally, people who are mentally unable to vote, etc.

Lucien wrote:

jawafour wrote:I remain astounded that just under 28 percent of people in the UK who were entitled to vote... didn’t vote. I can understand folk deciding to vote one way or the other, but to not vote at all I find surprising. Whilst we chat over how close the result was and how it could quite easily have been different, a huge chunk of the population apparently weren’t too bothered about the outcome.

I think it might not look so bad if you could collect the 28 percent and see why they didn't vote. There must be a good number of people in care homes, or hospitals generally, people who are mentally unable to vote, etc.

DML wrote:The Kick starter style campaign to force David Davis to release the Brexit investigation documents has been fully funded.

Things are about to get very interesting.

Drumstick wrote:

Moggy wrote:

Drumstick wrote:

Denster wrote:We are all responsible in varying degrees.

What kind of fuckery is this? I voted remain; always planned to. I accept precisely zero responsibility for a) 52% of the people that voted choosing to vote leave, and b) the government deciding to interpret the 17 million people that voted leave as a majority of citizens in this country.

Yes but did you put in the effort to personally convince the 17million that voted leave?

No?

Then it’s your fault.

One factor behind the EU’s tough stance is the belief that a full “standstill” transition, which would effectively give the UK all the obligations of EU membership without a seat at the table, could be agreed in principle relatively quickly, even perhaps in December.

“There won’t be much to negotiate,” said one senior EU official. “They can take it or leave it.

A powerful cross-party group of MPs is drawing up plans that would make it impossible for Theresa May to allow Britain to crash out of the EU without a deal in 2019. The move comes amid new warnings that a “cliff-edge” Brexit would be catastrophic for the economy.

One critical aim of the group – which includes the former Tory chancellor Kenneth Clarke and several Conservative ex-ministers, together with prominent Labour, SNP, Liberal Democrat and Green MPs – is to give parliament the ability to veto, or prevent by other legal means, a “bad deal” or “no deal” outcome.

The 10 Democratic Unionist party MPs, upon whose votes May relies for a Commons majority, have made it clear to government whips that they would not accept a “no deal” outcome because it would mean a return to a hard border between Northern Ireland and the Republic. If May were to try to push such an approach, the deal with the DUP that keeps her in power could fall.

Britain's missing billions: Revised figures reveal UK is £490bn poorer than previously thought

Britain is £490billion poorer than thought and no longer has any reserve of net foreign assets to help protect against any damage to the economy from Brexit.

The revision to the national accounts in the ONS’s so-called Blue Book means that the UK’s net international investment position has collapsed from a surplus of £469bn to a net deficit of £22bn - equivalent to a quarter of GDP.

The revised figures show the country owns far fewer international assets and owes far more to foreign investors than previously thought.

“Half a trillion pounds has gone missing,” said Mark Capleton, the UK rates strategist at Bank of America.

The effective write down in the value of “UK plc” could make it harder to defend sterling and the British debt markets against a run on the pound after Britain leaves the European Union.

Company profits were lower than forecast, and a large amount of supposed assets held by firms were in fact disguised forms of lending to UK households.

The revision is disturbing given that foreign direct investment into Britain has collapsed, plummeting from a net £120bn in the first half of last year to a net outflow of £25bn this year.

The apparent resilience of these flows shortly after the Brexit referendum was an illusion, since the funds had already been committed earlier.

The Bank of New York Mellon, the world’s biggest custodian of assets, said there had been a marked deterioration over recent weeks in purchases of sterling stocks and bonds by ‘real money’ players such as pension funds and sovereign wealth funds.

Simon Derrick, the bank’s currency strategist, said: “The outflows from the UK began in mid-August. The big buyers are disappearing.”

Charlie Elphicke, a Tory member of the House of Commons Treasury select committee, said: "These shifts of national wealth do not affect the decision the country has made to leave the EU.

"Yet they do underline the importance of being ready on day one of Brexit so the country can forge ahead and be successful in the future."