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So the UK is finished says Theresa Mayhem


fatshaft

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3 hours ago, pongo said:

Here is why she is wrong and why you are wrong: More delusions on the Irish border (Financial Times).

It seems unlikely to be resolved.  The proposed govt solution is unworkable. The DUP will collapse the Conservative govt if the border is effectively moved to the coast since that would mean the north of Ireland being treated differently from the UK. But the DUP position is illogical since they also oppose a hard  border. And they are pro Brexit despite the north having voted significantly in favour of remaining part of the EU.

The growing assumption in the City is that the Conservative  govt will collapse sometime during 2018 - brought down by its own side as it finally becomes obvious that Brexit is not achievable and that the only sensible solution is for the UK as a whole to remain within the Single Market. Bit by bit, support for Brexit is declining. Sooner or later that will hit critical mass. The govt has made a terrible mess of it.

:lol:

irish border won't be resolved because the eu are thick, they want a deal on the border BEFORE trade talks...

more waffle about the city yet no one backs your views....

UK banks could handle 'disorderly Brexit'

http://www.bbc.co.uk/news/business-42148682

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1 hour ago, woody2 said:

more waffle about the city yet no one backs your views....

Oh yeah?

MORGAN STANLEY: Theresa May's government will collapse in 2018 - Business Insider

And 

Quote

Morgan Stanley has told clients that there is a two-thirds likelihood of snap elections in the second half of 2018 once it becomes clear that the UK cannot secure the sort of Brexit deal it wants and the Conservative Party starts to fracture, bringing political risk into sharp focus.

Telegraph

UK government to fall in 2018, Morgan Stanley predicts

etc

meanwhile:

JP Morgan begins telling UK staff being relocated to the EU (Telegraph)

City of London voices in unison on Brexit threat to investment (Financial Times)

Brexit is France’s big moment, says Goldman Sachs boss Lloyd Blankfein (Times)

OECD unveils gloomy outlook for the UK economy (Telegraph)

Brexit: Banks to start shifting jobs from London in months and there’s little Theresa May can do about it, insiders say (Independent)

UK consumers at gloomiest since Brexit vote aftermath as households fret about rate rise and slowing property market (Telegraph)

City ignores Whitehall charm offensive as Brexit patience wanes  (Telegraph)

City of London panel links downturn to Brexit (Financial Times)

Brexit: City of London office leasing at a ten-year low (Independent)

Brexit: Goldman Sachs chief Lloyd Blankfein suggests second vote (BBC)

Goldman Sachs fuels fears of Paris move after Brexit (Times)

etc

#woodyfacts vs #reality

ETA: your link about stress testing seems irrelevant. So what?

On the plus side for jobs:

8,000 new civil service jobs to help Brexit (Times)

Edited by pongo
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24 minutes ago, woody2 said:

think of all the 1000's of job that will be brought back with a no deal.....

What jobs do you specifically envisage in the event of no deal?

Obviously Britain will need to employ thousands of trade negotiators and lawyers. At public expense. So presumably that will create 1000s of jobs. Is that what you mean? Since all existing trade deals are under membership of the EU. They will all need to be renegotiated. Deals typically takes years per country.

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30 minutes ago, woody2 said:

it just noise :lol: people trying and failing to change the outcome, think of all the 1000's of job that will be brought back with a no deal.....

 

 

14 minutes ago, woody2 said:

depends on the deal.....

With no deal.  Sorry I thought I had implied that when quoting your original statement. 

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8 minutes ago, pongo said:

What jobs do you specifically envisage in the event of no deal?

Obviously Britain will need to employ thousands of trade negotiators and lawyers. At public expense. So presumably that will create 1000s of jobs. Is that what you mean? Since all existing trade deals are under membership of the EU. They will all need to be renegotiated. Deals typically takes years per country.

 

8 minutes ago, manxman1980 said:

 

With no deal.  Sorry I thought I had implied that when quoting your original statement. 

virtually every sector will get a boost but banking and insurance will boom...

4 minutes ago, mojomonkey said:

Come on guys, don't question #woodyfacts.

#fantaboy with nothing to add as usual.....

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12 minutes ago, manxman1980 said:

woody2 why banking and insurance in particular? 

I appreciate that the service sector will not be as impacted by tariffs when compared to manufacturing for example, however, the paradise papers may have made pandering to these organisations somewhat tricky for a politician. 

lots of backroom banking jobs done in the eu and eu insurers won't be able to operate.... 

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1 hour ago, woody2 said:

lots of backroom banking jobs done in the eu and eu insurers won't be able to operate.... 

Does that not lead to a lack of choice for UK consumers?  Therefore higher prices fir insurance?  

Aren't those backroom banking jobs the sort that are done on the Isle of Man already (therefore technically outside of the EU)?

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