The BoE is also actively trying to strip the pound of reserve currency status?
The BoE is also actively trying to strip the pound of reserve currency status?
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Why else would it be cutting interest rates when they were already on the floor? If they were interested in preventing that they'd be holding or raising rates.
Originally Posted by Ominous Gamer
The iphone 7plus is €100,- cheaper in London than in Amsterdam.
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That settles it. I couldn't decide between London or somewhere in Greece. London it is
"One day, we shall die. All the other days, we shall live."
Rip-off-Netherlands
That's one way of looking at it. Another is that where a couple of months I would have gotten just the phone for my money, now for the same money I can get the phone and a plane ticket to London and back to pick it up. How does this thing about the collapse of your currency help your economy again?
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At least someone is thinking through the consequences of brexit
My employer is already finding it harder to recruit from abroad (not just Europe). Several applicants have turned down offers, citing xenophobia within the UK. You could argue about whether or not the UK is a racist country, but it looks like more people perceive us that way. Applications from outside the UK are down on previous years.
I hope this is a short-term effect and we'll demonstrate that we aren't the foreigner-hating throw backs the Brexiteers paint us as.
There's a man goin' 'round, takin' names
And he decides who to free and who to blame
Part of the problem is that 52% of the Brits have voted in a way that was promoted and won with xenophobic arguments. Another part of the problem is that the 'remain' side sort of folded its defense of what is basically a good thing for European countries after roughly 1992. The remain reaction of choice against EU-hate was mostly validating that hate; reactions to the nonsense that was commonplace in the UK wasn't slamming that down, but saying that the EU should 'of course be reformed'. Thus re-inforcing the idea the the EU actually was hurting the national interest. The OUT vote didn't happen just because of a couple of months of campaigning.
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Agreed. There's been a deliberate effort to ferment xenophobia for many years.
There's a man goin' 'round, takin' names
And he decides who to free and who to blame
Your implication being that believing the EU needs to be reformed is in itself xenophobic.
I don't imply anything, I state that calling for reform of the EU is not an adequate reaction to irrational EU-hate. The xenophobia is merely the cherry on the euro-hating cake. A cake I'd neither eat nor like to have.
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No, calling for reform of the EU is a necessary reaction to the flaws in the EU and refusing to countenance sensible reforms is not an adequate reaction to rational scepticism.
Just because some people are crazy is not a reason to give a flawed institution a pass.
Yes we all know where your rational skepticism led to.
In the meanwhile it seems like the UK is in for a surprise on the meaning of Brexit.
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Let's just say the flow of American poli sci Ph.Ds. to British universities is going to slow down to a trickle. And I'm guessing it's not just poli sci.
Hope is the denial of reality
To leaving the flawed institution that had shown itself incapable of reform? To becoming an independent self-governing nation like most other nations on the globe? To confounding the so-called "experts" who'd predicted an immediate downturn?
It's not led to even a single negative problem yet.
There's absolutely no reason for that to happen.
Yeeees, Rand, we already know that your views of reality have become so twisted that you can see your own arse without turning your head. Spare us this: "It's fine! Everything will be just fine!"
Plus, "self-governing" is a strange term, considering that you want to do trade. Which, by necessity, does somewhat restrict your ability to self-govern.
But, hey, have fun getting the worst of terms. Newsflash, Rand: In a globalized world, something like "independence" does not exist anymore. Unless you turn imperialist once again, conquer a few countries and then dictate your terms.
When the stars threw down their spears
And watered heaven with their tears:
Did he smile his work to see?
Did he who made the lamb make thee?
You can have trade without other people's elected ministers unilaterally changing our laws.
Back in thereal world"my twisted reality" PMI figures released today show growth continuing to accelerate.
Ah the usual nonsense of the EU being 'deeply flawed' because you don't like some particular policy (which happens to be by the way exactly that policy at which the EU was eminently efficient). I have to assume now that if you don't like the way your furniture is arranged in your living room, your remedy of choice would be to tear down the entire house?
I have not seen a shred of evidence that your so-called independence actually exist. What does exist is the rest of the world throwing your attempts to talk with it independently right back in your face. Telling you that they won't talk to you untill they know what deal we (the EU) are willing to give you.
And for a small country like the UK trade indeed comes with the EU setting the rules, which we will set and change unilaterally. The big difference for you being that your opinions don't count at all. I for starters am totally in favor of banning the stuff you guys try to sell as chocolate from the EU markets.
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No one likes to be a foreigner in a xenophobic country, especially one whose currency is constantly depreciating, one where academic salaries weren't great to start with. The new teaching framework doesn't help either.
Edit: http://www.bbc.com/news/uk-politics-37779114
Last edited by Loki; 11-02-2016 at 12:24 PM.
Hope is the denial of reality
Yes. But sometimes, not accepting a unilateral change of laws simply results in no trade at all.
Especially in cases where your trade partner can say: "You need us more than we need you."
When the stars threw down their spears
And watered heaven with their tears:
Did he smile his work to see?
Did he who made the lamb make thee?
With the value of the pound dropping the way it does I think we should consider imposing visas on Brits who want to travel to the EU after Brexit
Congratulations America
Hope is the denial of reality
Mitsubishi UFJ financial is moving it's Europe HQ from London to Amsterdam.
Oh and that Whetherspoon idiot who campaigned for Brexit is finding out that his political choices literally come at a price; he's running into trouble supplying his pubs at the prices he was hoping for. Or get contracts on the conditions he was used to.
Last edited by Hazir; 11-02-2016 at 11:27 PM.
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I thought MUFG was just bolstering the Amsterdam office by relocating some employees. That's what they said two days ago anyway.
"One day, we shall die. All the other days, we shall live."
The way it's reported here it goes a bit further than just re-locating some employees. The EU-activities will come under the direction of the Amsterdam office. London will keep the Middle East and Africa for the time being.
It's good news for me by the way; bankers are in the target group to which I rent my Amsterdam appartment. More of them looking for housing in Amsterdam means higher income for me. Thanks for the extra money Brexit loons.
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You should have endorsed brexit
In other news:
http://www.bbc.com/news/uk-politics-37857785
"One day, we shall die. All the other days, we shall live."
Actually, I have been pro-Brexit for a long time. Discussing the EU with Brits does that to you.
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Funny because Brits discussing the EU with you get the same reaction ...
It will but merely because they simply keep repeating the same nonsense over and over again. Right up to the point that their so-called pro-EU compatriots start to believe their eurosceptics must actually have a point.
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