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View Full Version : The Good News on Brexit They’re Not Telling You



scooterscot
1st August 2017, 07:08
Trade deal will Trump's America on its way. Suddenly imports from China will seem like top quality. Suspect the benefit to America shall be more than it ever will be for the UK.

Can't wait to read about the first law suit delivered by some random prosecutor in Kentucky on behalf of their client, Bartholomew Jr, against Dorthy Jams of Hampshire for the time he fractured his wrist trying to open a particular tasty raspberry peanut butter spread (hurl blow chunks) which would mean he could no longer use a keyboard, thereby ending is prospects at Harvard after paying fees of $300k.




LONDON — On July 24, trade talks began between Britain and America. All right, they weren’t formally called trade talks: As long as Britain is still in the European Union, it is supposed to contract out all its commercial decisions to Brussels. Officially, the United States trade representative, Robert Lighthizer, and the British trade secretary, Liam Fox, met for broad discussions about what might happen when Brexit takes effect in 2019.

Still, both sides can see the prize. For decades, there have been fitful negotiations between Washington and Brussels on trade liberalization, but they have always run up against the protectionism of France and some southern European states.

Between Britain and America, there are few such problems. Each country is the other’s biggest investor: About a million Americans work for British-owned companies, and a similar number of Britons work for American-owned companies. A liberal trade deal, based on mutual recognition of standards and qualifications, will bolster both economies.

Prime Minister Theresa May keeps saying she wants Britain to be a “global leader in free trade.” In parallel to the talks with Washington, Britain is starting discussions with China, Japan, India, Australia and others. Global trade deals should supplement rather than replace Britain’s economic relationship with the remaining 27 European Union states. The nonmember Switzerland, for example, exports nearly five times as much per head as Britain does, mostly to the European Union, while simultaneously having bilateral trade deals around the world.

The idea of a more global Britain emerging from the European Union may strike you as jarring. Much of the commentary over the past year, at least outside Britain, has portrayed Brexit as a nativist and protectionist phenomenon. I keep reading — often in the pages of this newspaper — that the vote was overwhelmingly about immigration.

In fact, opinion polls before and after the vote concurred that the main issue for Leavers was democracy. An exit poll of 12,369 people, for example, found that 49 percent of Leavers had been motivated by the desire to bring decision making back to Britain, and only 33 percent by wanting more control of immigration.

I’ve learned in politics that almost no one listens to the other side. Rather than going to the source, people read allies’ reports of what the other side is supposed to have said. If a British person tells you that the vote was “all about immigration,” I can almost guarantee that you are talking to a Remainer. Those among my friends who voted to stay in the European Union didn’t weigh and then dismiss the economic and democratic cases against membership; they never heard them.

The same confirmation bias can be seen in their determination to find bad economic news. Here is a selection of British reports from the past two weeks: Unemployment fell again, as every month since the vote, to 1.49 million (from 1.67 million in June of last year); manufacturing orders are at their highest level since August 1988; retail sales, official figures show, are up 2.9 percent on this time last year.

Exports were up 10 percent year-on-year in May, helped by the long-overdue correction of the exchange rate. Remainers like to point to the fall in sterling, but rarely mention that, before the vote, the International Monetary Fund and the Bank of England agreed that Britain’s currency, seen as a haven from the travails of the euro, was artificially expensive.

Continental Europeans evidently still regard the British economy as attractive; more of them are working in Britain than ever before. As for the supposed decline of London, a number of European banks, including Deutsche Bank and ING, have grown their operations here since the referendum. Last year, Wells Fargo spent £300 million (about $392 million) on its new European headquarters — in London. The latest survey from the Robert Walters City Jobs Index, for July, reported that hiring in financial services was up 13 percent year-on-year.

You may think I’m prone to a confirmation bias of my own. But it’s only fair to contrast what has happened since the Brexit vote with what was predicted during the campaign. Remain campaigners told us to expect a recession in 2016; in fact, Britain grew faster in the six months after the referendum than in the six months before. They told us that the FTSE 100 index of leading companies’ share prices would collapse; in fact, British stocks performed strongly after the Brexit vote. They told us that Scotland would leave Britain; in fact, support for separatism has collapsed, and the Scottish first minister, Nicola Sturgeon, has shelved her planned independence referendum.

Most people, whichever way they voted, are celebrating the good news. But a few Euro-fanatics, disproportionately prominent on the BBC and at The Financial Times, are acting like doomsday cultists, constantly postponing the date of their promised apocalypse. First, a Leave vote was supposed to wreck the economy. Then, it became “wait until we begin the disengagement.” Now it’s “wait until you see what a bad deal we get from the European Union.”

It’s odd. The people who are the most pro-union are generally the most convinced that the union will act in a self-harming way out of spite. I have a higher opinion of our European allies. But even if I didn’t, I’d still expect a deal. Adam Smith observed that “it is not from the benevolence of the butcher, the brewer, or the baker that we expect our dinner, but from their regard to their own interest.” It is not from the benevolence of the European Union that we expect a free-trade agreement: Exchange makes everyone richer.

If you want a picture of Britain’s future relationship with the European Union, think of Canada’s with the United States. Canadians have a type of federation on their doorstep that they decline to join, but with which they enjoy the closest possible diplomatic, military and economic ties. Two years from now, in a similar vein, the European Union will have lost a bad tenant and gained a good neighbor.

source: https://www.nytimes.com/2017/07/31/opinion/brexit-european-union-good-news.html

_V_
1st August 2017, 07:12
Are you okay poster, or is there froth in your mouth as you type?

Paddy
1st August 2017, 07:16
Trade deal will Trump's America on its way. Suddenly imports from China will seem like top quality. Suspect the benefit to America shall be more than it ever will be for the UK.

Can't wait to read about the first law suit delivered by some random prosecutor in Kentucky on behalf of their client, Bartholomew Jr, against Dorthy Jams of Hampshire for the time he fractured his wrist trying to open a particular tasty raspberry peanut butter spread (hurl blow chunks) which would mean he could no longer use a keyboard, thereby ending is prospects at Harvard after paying fees of $300k.



So very true. Not to mention the lawsuit from a US jam manufacture regarding copyright infringement for Dorthy Jams having round glass jars.

bobspud
1st August 2017, 07:18
Are you licking Amazonian frogs or are you just batshit crazy?

BrilloPad
1st August 2017, 07:30
Are you licking Amazonian frogs or are you just battulip crazy?

Try sticking him on ignore. Sadly some people insist on quoting him.....

northernladyuk
1st August 2017, 08:02
Are you okay poster, or is there froth in your mouth as you type?

That's not froth.

scooterscot
1st August 2017, 08:16
You can't win. Try to understand the protagonists and still they complain.

MrMarkyMark
1st August 2017, 08:18
You can't win. Try to understand the protagonists and still they complain.

Suggest you lay off the gear, it doesn't suit you :eyes

scooterscot
1st August 2017, 08:24
Suggest you lay off the gear, it doesn't suit you :eyes

Any tips that would help me become a member of the Brexit club? Is there a fee? Free open access to the local Masonic lodge?

OwlHoot
1st August 2017, 08:29
Are you okay poster, or is there froth in your mouth as you type?

No it's just the froth between his ears leaking.

northernladyuk
1st August 2017, 08:42
Any tips that would help me become a member of the Brexit club? Is there a fee? Free open access to the local Masonic lodge?

Keep stumbling around aimlessly and see where you end up.

MrMarkyMark
1st August 2017, 08:43
Keep stumbling around aimlessly and see where you end up.

He seems to be doing a rather excellent job of that already :D

OwlHoot
1st August 2017, 08:51
Anyone noticed scooter's weirdly and grossly misspelled .sig?



Ldoenn : 'we're hloding a referneudm to laeve the Eureopean union
EU: 'OK'
Scotland: 'we're holding a refeerndum to leave the UK union'
Ldonon: ' Oh no you're not'.

The irony is I'm not even sure it was deliberate. :laugh

northernladyuk
1st August 2017, 08:53
Anyone noticed scooter's weirdly and grossly misspelled .sig?



The irony is I'm not even sure it was deliberate. :laugh

What is a '.sig'?

OwlHoot
1st August 2017, 09:05
What is a '.sig'?

Is that a trick question?

What is a .Sig File (https://www.marketingterms.com/dictionary/sig_file/)

By convention a .sig refers to the contents of the .sig file or what would have been held in a .sig file on unix

bobspud
1st August 2017, 09:11
Any tips that would help me become a member of the Brexit club? Is there a fee? Free open access to the local Masonic lodge?

There really is only one tip and you either have it or you don't. It can't be bought implanted or adopted it can only be felt.

I like many others believe that despite the best attempts of the political class. There will always be a better class of entrepreneurs that will strive to make money and that far from putting them off, having a period of aggravated change will open opportunities and disproportionately affect the dinosaurs industry that currently rule the planet.

Brexit is just a war on home soil. Loads of chaos and tonnes of money to be made out of it.

BlasterBates
1st August 2017, 09:24
indeed "revolution", October and all that.

:D

billybiro
1st August 2017, 11:49
Any tips that would help me become a member of the Brexit club? Is there a fee? Free open access to the local Masonic lodge?

It's incredibly easy to get on board with Brexit and feel good about it. Simply do this....

http://i.imgur.com/N8YBbOq.jpg

oscarose
1st August 2017, 11:53
is there froth in your mouth

Frothing at the gash I'd suggest :freaky:

greenlake
1st August 2017, 13:57
Can't wait to read about the first law suit delivered by some random prosecutor in Kentucky on behalf of their client, Bartholomew Jr, against Dorthy Jams of Hampshire for the time he fractured his wrist trying to open a particular tasty raspberry peanut butter spread (hurl blow chunks) which would mean he could no longer use a keyboard, thereby ending is prospects at Harvard after paying fees of $300k.

Or just because it didn't taste right....

http://i.imgur.com/FMaGbpz.jpg