Brexited | the worst threads live the longest

[Paul the Wolf]

That's cos you like you PM to send in the horses and batter people half to death to get the result you want.

Eh?
Blair brought this nampy pamby blame everyone else culture which is still prevalent today , apart from other more obvious things.

However, during my life time it's always been either Tory or Labour so you can blame all the politicians or electorate from both sides for whatever you dislike about the UK or its history.

 

[Stanley Road]

Eh?
Blair brought this nampy pamby blame everyone else culture which is still prevalent today , apart from other more obvious things.

However, during my life time it's always been either Tory or Labour so you can blame all the politicians or electorate from both sides for whatever you dislike about the UK or its history.

Like I say, the most prosperous years of my life. Thatcher years, the worst, she liked a war too.

 

[Paul the Wolf]

Blair was one of the most middle-of-the-road business-as-usual political leader there's ever been on domestic policy. Retrospectively painting him as some kind of extremist is bollocks.

If you're referring to me that is not at all what I said

 

[Paul the Wolf]

Like I say, the most prosperous years of my life. Thatcher years, the worst, she liked a war too.

Always adapted to the situation at the time, no politician will decide the outcome of my life.

When did you move to live in Holland then?

 

[Classical Mechanic]

He did kind-of go make youth culture the enemy on multiple occasions.

Hoodies, ASBOs, Chavs etc

I was a part of the ASBO generation, hanging round on the street and causing trouble. That culture doesn't exist any more where I live, gone are the vast swathes of drunken teenagers at weekend. It's great.

 

[Stanley Road]

Always adapted to the situation at the time, no politician will decide the outcome of my life.

When did you move to live in Holland then?

End of 98

 

[Paul the Wolf]

End of 98

So you had one year of the good life and left.

I was waiting for you to say 97 and were on a WUM.

 

[Stanley Road]

So you had one year of the good life and left.

I was waiting for you to say 97 and were on a WUM.

2 years almost. The best 2. I was so feckin happy the tory scum was gone it was magical.

 

[Silva]

http://www.mofa.go.jp/files/000185466.pdf

There are numerous Japanese businesses operating in Europe, which have created 440,000 jobs. A considerable number of these firms are concentrated in the UK. Nearly half of Japanese direct investment intended for the EU in 2015 flowed to the UK ... we strongly request that the UK will consider this fact seriously and respond in a responsible manner to minimise any harmful effects on these businesses.

...

If Japanese financial institutions are unable to maintain the single passport obtained in the UK, they would face difficulties in their business operations in the EU and might have to acquire corporate status within the EU anew and obtain the passport again, or to relocate their operations from the UK to existing establishments in the EU.

TLDR: Don't change anything.

 

[Jippy]

http://www.mofa.go.jp/files/000185466.pdf



TLDR: Don't change anything.

Bye bye billions of pounds of Japanese FDI. They are polite about our government, saying it trusts them to sort it out. No-one else does.

 

[17 Van der Gouw]

Blair was one of the most middle-of-the-road business-as-usual political leader there's ever been on domestic policy. Retrospectively painting him as some kind of extremist is bollocks.

I wouldn't say extremist, but I wouldn't say middle of the road either; 24 hour drinking, decriminalisation of weed, super casinos, asbos, Iraq/WMD, 90 day detention without charge.

He's also the most Europhile leader we've ever had, which is unfortunate for the remain camp because he's utterly toxic now. Every time he speaks out on Brexit he harms the remain cause, he *still* spins every question on key points and is as far from sincere as he's ever been.

 

[Paul the Wolf]

Bye bye billions of pounds of Japanese FDI. They are polite about our government, saying it trusts them to sort it out. No-one else does.

Boris is due to give a speech tomorrow setting out his liberal vision post Brexit and plans for deregulation , that should convince the Japanese.

 

[Jippy]

Boris is due to give a speech tomorrow setting out his liberal vision post Brexit and plans for deregulation , that should convince the Japanese.

Deregulating financial services would be a disaster, given for many large asset managers, half or more of their business is in the EU.
Aspects of Mifid II are draconian as will some bits of GDPR. But if we have firms running two tier regulatory compliance -EU and UK- it will be immensely difficult and there will inevitably be unintended consequences.

 

[Silva]

I read a theory online that the reason the far right of the conservative party is frothing for a hard brexit is because of the EU's anti tax avoidance directive coming into force in 2019. It makes sense given that many, including the 18th century poster boy, were caught in various scandals like the Panama Papers.

 

[Silva]

Businesses spent as much as £7.7bn less on new factories and equipment in the year after the EU referendum because of Brexit uncertainty, according to analysis by the Bank of England.

The survey of 1,200 companies, published with the Bank’s quarterly inflation report last week, suggests corporate investment was about 3%-4% lower in the 12 months to June 2017 than it would have been — a loss of between £5.7bn and £7.7bn.

While the Bank’s figures do not suggest a severe hit to gross domestic product, lack of investment has often been identified as central to the UK’s low productivity growth.

“Firms seem to be taking the exporting windfall and banking it as profits rather than investing it,” said Peter Dixon, UK economist at Commerzbank.

The Bank of England said: “The prospect of the UK leaving the EU appears to have been a key influence on companies’ investment decisions. As a result, growth in business investment is likely to have been weaker than it would otherwise have been, given strong global demand and supportive financial conditions.”

 

[JPRouve]

I read a theory online that the reason the far right of the conservative party is frothing for a hard brexit is because of the EU's anti tax avoidance directive coming into force in 2019. It makes sense given that many, including the 18th century poster boy, were caught in the various scandals like the Panama Papers.

I think you are right, the profile of the money providers seems to fit. Funnily enough, the FN in France is historically a neo-liberal party who happens to be anti EU too.

 

[Silva]

I think you are right, the profile of the money providers seems to fit. Funnily enough, the FN in France is historically a neo-liberal party who happens to be anti EU too.

It does pose an interesting existential crisis for the United Kingdom though. How do they reconcile the good friday agreement, the stage one agreement (which explicitly mentioned there being no divergence from the GFA and gave an assurance to NI that there will be no regulatory divergence to the mainland), and a hard brexit in which Britain has regulatory divergence from the EU. The first set of problems facing Brexit means that a faux-brexit is the only possibly outcome, whereas the preferred outcome for the far right means that the GFA would be chucked by the wayside and the stage 1 agreement wholly ignored - leading to a predictable reignition of the troubles.

My instinct says that faux-brexit is the only possible outcome, but a far right coup of the conservative party could easily happen and just chuck a grenade into the negotiations.

 

[Cheesy]

I read a theory online that the reason the far right of the conservative party is frothing for a hard brexit is because of the EU's anti tax avoidance directive coming into force in 2019. It makes sense given that many, including the 18th century poster boy, were caught in various scandals like the Panama Papers.

Many of the Tory hard-right have been frothing at the mouth for the possibility of a low tax Britain where we're effectively a tax haven so that'd make sense.

 

[JPRouve]

It does pose an interesting existential crisis for the United Kingdom though. How do they reconcile the good friday agreement, the stage one agreement (which explicitly mentioned there being no divergence from the GFA and gave an assurance to NI that there will be no regulatory divergence to the mainland), and a hard brexit in which Britain has regulatory divergence from the EU. The first set of problems facing Brexit means that a faux-brexit is the only possibly outcome, whereas the preferred outcome for the far right means that the GFA would be chucked by the wayside and the stage 1 agreement wholly ignored - leading to a predictable reignition of the troubles.

My instinct says that faux-brexit is the only possible outcome, but a far right coup of the conservative party could easily happen and just chuck a grenade into the negotiations.

If they are anything like the ones I know, they don't care about anything than themselves. They live and act like a modern day aristocracy, what happens to outsiders isn't on their mind.

 

[Stanley Road]

I read a theory online that the reason the far right of the conservative party is frothing for a hard brexit is because of the EU's anti tax avoidance directive coming into force in 2019. It makes sense given that many, including the 18th century poster boy, were caught in various scandals like the Panama Papers.

JC Junk recently put a block on that to protect his tax avoidence mates.

 

[Silva]

JC Junk recently put a block on that to protect his tax avoidence mates.

he doesn't have the power to do that

 

[Stanley Road]

he doesn't have the power to do that

He veto'd it

 

[Silva]

He veto'd it

when he was PM of Luxembourg, he no longer has a veto power and the directive goes into effect on January 1 2019

 

[Paul the Wolf]

https://ec.europa.eu/taxation_custo...dance-package/anti-tax-avoidance-directive_en

Yes it comes into effect on 1st January 2019.

Another thing for the UK government to note though is if they lean towards tax havens and promoting tax avoidance they won't be able to become a member of the WTO either.

 

[711]

I read a theory online that the reason the far right of the conservative party is frothing for a hard brexit is because of the EU's anti tax avoidance directive coming into force in 2019. It makes sense given that many, including the 18th century poster boy, were caught in various scandals like the Panama Papers.

It may well be the case, but the right of the Tory party has been anti EU/Common Market from the start, going back to Enoch Powell and the like. And the left of Labour too, of course.

 

[Drainy]

Reading comments on Twitter in response to a remainer on Sky News.

I wonder what it is actually like to live in such a blissfully ignorant state. There are people who actually beleve that everything is rosy and any negativity is just Soros propaganda.

I suppose when you already own your own house and are approaching retirement age, your 2 O levels in a crappy economy don't matter so much any more.

 

[Stanley Road]

George Soros is a tosser of the highest order. Quite happy to break the bank of england for personal gain, his opinion on anything bar gambling should be disregarded.

 

[Javi]

Aspects of Mifid II are draconian as will some bits of GDPR. But if we have firms running two tier regulatory compliance -EU and UK- it will be immensely difficult and there will inevitably be unintended consequences.

Regarding GDPR: it cannot make much difference to the level of regulation (or empowerment of customers, since data regulation in GDPR in essence is basically that) whether the UK make their own laws or not since cross-border data transfer (as in UK-after-Brexit with the EU) will only be possible if the third country (UK) has a comparable level of data privacy laws to the EU.

That is why the EU-U.S. Privacy Shield was so important because it allows data to flow from the EU to the U.S. and vice versa. It is true that the EU made some concessions to the U.S.' 'data is a commodity' approach but it's mostly the U.S. accepting GDPR rules and that is saying something because the U.S. has certainely more leverage in negotiations like this than the U.K. I'd expect the GDPR to be applicable to the UK either way.

 

[GloryHunter07]

Someone on the Guardian today made a good analogy.

Brexit is like smoking or drugs; increasing evidence that it is bad for you but little chance that people will give it up.

 

[Adisa]

Boris is going to give us all a lecture on betrayal.
To be fair, there's no one more knowledgeable on the subject.

 

[Jippy]

Regarding GDPR: it cannot make much difference to the level of regulation (or empowerment of customers, since data regulation in GDPR in essence is basically that) whether the UK make their own laws or not since cross-border data transfer (as in UK-after-Brexit with the EU) will only be possible if the third country (UK) has a comparable level of data privacy laws to the EU.

That is why the EU-U.S. Privacy Shield was so important because it allows data to flow from the EU to the U.S. and vice versa. It is true that the EU made some concessions to the U.S.' 'data is a commodity' approach but it's mostly the U.S. accepting GDPR rules and that is saying something because the U.S. has certainely more leverage in negotiations like this than the U.K. I'd expect the GDPR to be applicable to the UK either way.

My company is planning with a view to it remaining. It potentially whacks us as a media company.
The training we had to have was super dull too

 

[Javi]

My company is planning with a view to it remaining. It potentially whacks us as a media company.
The training we had to have was super dull too

Are you selling customer data or why would it even touch you more than slightly? Not trying to get into company secrets here, just don't get why it would whack you. So if you can explain that, great. If too risky no problemo.

 

[Jippy]

Are you selling customer data or why would it even touch you more than slightly?

The right to be forgotten thing could mean we have to prove a story is public interest if challenged to remove it.

There is also uncertainty about whether we need to people to tick a box to say they agree to their image being used. We have well over 100k photos in the library.

The biggest though is the fact all readers on our mailing lists for news alerts has to re-consent to their details, ie their email address, being used. Every publication expects to lose some readers in the transition.

 

[Paul the Wolf]

Just watched the whole of Boris's speech just for the laugh, the first of the series of Road to Brexit Nowhere speeches

Still the bumbling buffoon, most of his speech seemed to be promoting the advantages of being in the EU.
I thought particularly funny was when he said how the exports to non-EU countries had increased recently forgetting that the UK was in the EU when that happened but seems it's necessary to leave the EU because of that.

One thing I would agree with is that a lot British people have no idea about how the EU works because they haven't been told and were too lazy to find out about it themselves. What he didn't say is that the Brexiteers used this ignorance to their advantage.

 

[Rajma]

Boris is going to be the next PM,mark my words.

 

[Silva]

Boris is going to be the next PM,mark my words.

The next PM will be from another internal Tory vote, so it's likely enough. It's either him, Rudd, Hammond or Mogg.

 

[Adisa]

The next PM will be from another internal Tory vote, so it's likely enough. It's either him, Rudd, Hammond or Mogg.

Grim.

 

[Javi]

The biggest though is the fact all readers on our mailing lists for news alerts has to re-consent to their details, ie their email address, being used. Every publication expects to lose some readers in the transition.

...because you (the company) cannot prove that they were taken with freely given, specific, informed and unambiguous consent, right? I can see how that is a hassle. You'll have to spin it that the new mail list only will have eager readers and therefore hasn't lost marketing value.

That's really bad timing though, since GDPR will be online in three months time and if you are mainly working the UK market you could theoretically gain a lot from the UK issuing their own regulation.

 

[Smores]

My company is planning with a view to it remaining. It potentially whacks us as a media company.
The training we had to have was super dull too

You think thats bad ive spent a year or two on Mifid and GDPR And i still voted remain

 

[Jippy]

...because you (the company) cannot prove that they were taken with freely given, specific, informed and unambiguous consent, right? I can see how that is a hassle. You'll have to spin it that the new mail list only will have eager readers and therefore hasn't lost marketing value.

That's really bad timing though, since GDPR will be online in three months time and if you are mainly working the UK market you could theoretically gain a lot from the UK issuing their own regulation.

Yep they have to opt in again. We reckon we might lose 5-10% of our readers, but hopefully it will be like 'accept cookies' which people now just click without reading.

The write to be forgotten thing could be a pain if people en masse try to get old negative stories about them taken down.

We started trying to get readers to click and reconsent since January to avoid a May cliff-edge. Maybe it gets dropped, but will be there through the Brexit transition anyway I guess.

You think thats bad ive spent a year or two on Mifid and GDPR And i still voted remain

You work in compliance? I've written more words on Mifid than I care to remember! The 15th asset manager saying it would pay for research out of its own P&L lost its edge as news.

KIDS has been the latest we've been covering.