Brexit and the waning days of the United Kingdom

Started by Josquius, February 20, 2016, 07:46:34 AM

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How would you vote on Britain remaining in the EU?

British- Remain
12 (12%)
British - Leave
7 (7%)
Other European - Remain
21 (21%)
Other European - Leave
6 (6%)
ROTW - Remain
34 (34%)
ROTW - Leave
20 (20%)

Total Members Voted: 98

Richard Hakluyt

Interesting BBC article on the experiences and thoughts of some recent immigrants from Hong Kong :

https://www.bbc.co.uk/news/uk-62658669

Josquius

What saddens me about this replacing EU for non EU people is that so many seem to think this is fine. Fairer even.
It's like there's a complete inability to understand the difference between having all the same rights as a British employee and being completely beholden to your employer and thus less willing to challenge illegal practices or change employer.
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HVC

Quote from: Josquius on September 25, 2022, 03:25:09 AMWhat saddens me about this replacing EU for non EU people is that so many seem to think this is fine. Fairer even.
It's like there's a complete inability to understand the difference between having all the same rights as a British employee and being completely beholden to your employer and thus less willing to challenge illegal practices or change employer.

To paraphrase the ferengi of DS9 " You don't understand. British workers don't want to stop the exploitation. We want to find a way to become the exploiters."
Being lazy is bad; unless you still get what you want, then it's called "patience".
Hubris must be punished. Severely.

HVC

Quote from: Richard Hakluyt on September 25, 2022, 02:26:58 AMAlready doing that, about 40,000 so far. Last time I visited London the area I stayed in was a "little Manila" in the making.


I live very close to one of our Philippino neighbourhoods.  Make great bbq. Rest of the food... not so good.
Being lazy is bad; unless you still get what you want, then it's called "patience".
Hubris must be punished. Severely.

Tamas

QuoteThe pound has hit a new 37-year low after the bonanza of tax cuts and spending measures in Kwasi Kwarteng's mini-budget threatened to undermine confidence in the UK.

Sterling fell to $1.077 in early trading when Asia-Pacific markets opened after the weekend, closer to parity with the US dollar.


Josquius

A theory I've heard mooted which makes a lot of sense... The tories know what they're doing is shit.
They also know they're going to lose the next election so are engaging in scorched earth tactics to stop Labour doing anything progressive that isn't just mending things and give valuable attack lines.
Which already starts.

https://mobile.twitter.com/KwasiKwarteng/status/1573571412241121280
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Tamas

Quote from: Josquius on September 25, 2022, 04:16:23 PMA theory I've heard mooted which makes a lot of sense... The tories know what they're doing is shit.
They also know they're going to lose the next election so are engaging in scorched earth tactics to stop Labour doing anything progressive that isn't just mending things and give valuable attack lines.
Which already starts.

https://mobile.twitter.com/KwasiKwarteng/status/1573571412241121280

The ones currently in charge would not sacrifice their careers on the altar of whoever would come after a Labour government.

mongers

#22177
Quote from: mongers on September 24, 2022, 08:34:44 PM'Liz Trusts Crazy Kwarteng.'

A Sterling crisis already?

That's quite impressive, most experts are expecting one in around 6 months time.
"We have it in our power to begin the world over again"

Richard Hakluyt

Must be a record; the only thing that held them up was the official mourning for the Queen.

It even took Ted Heath a couple of years before he fucked everything up.

mongers

Quote from: Richard Hakluyt on September 26, 2022, 06:08:35 AMMust be a record; the only thing that held them up was the official mourning for the Queen.

It even took Ted Heath a couple of years before he fucked everything up.

:Lol:

Also I can remember the Barber crash, my old man was a builder, what would be called a property developer nowadays, and it smashed his business; here's hoping it doesn't/does crash the property market.

"We have it in our power to begin the world over again"

Syt

I am, somehow, less interested in the weight and convolutions of Einstein's brain than in the near certainty that people of equal talent have lived and died in cotton fields and sweatshops.
—Stephen Jay Gould

Proud owner of 42 Zoupa Points.

mongers

"We have it in our power to begin the world over again"

Richard Hakluyt

It has rallied since to 1.079; but that appears to be based on the idea of an emergency Bank of England meeting to increase interest rates by 1%.

I wouldn't put it past these gormless cockwombles to do an EWrdogan though  :lol:

Tamas

It is of course slightly dishonest from Guardian etc. that it is not mentioned that the USD is exceptionally strong since the Fed decided to fight inflation and the EU and UK decided to pretend to fight it, but even so the pound's weakness is staggering since the mini-budget announcement.

And in any case, if we are facing a headwind (strength of the USD) I would propose that the best way to counter it  is NOT pissing right into it. Truss and Kwarteng seem to disagree though.

Well, they disagree if they think anything of the matter. I still have not seen any evidence that they thought this through more than looking Thatcher-like by helping Kwarteng be popular at banker parties. I know we are supposed to be excited about all the de-regulation coming to bring about the second coming, but that so far has been a promise so vague even Johnson would blush.

Tamas

#22184
I think it reduces the chances of all this being a genius plot to revolutionise the British economy that its chief architect is just too shellshocked to talk to the BBC: https://twitter.com/BBCPolitics/status/1574367429379211265?s=20&t=9Wxb_4mJaP1S_9-BydtMaw

EDIT: I don't know if its legit but one comment there shows screenshots of Kwarteng's declarations and a Reuters article to show that the hedge fund Kwarteng was (is?) a consultant for just made 145% on betting against UK bonds. That's nice.

EDIT#2: Meanwhile:

QuoteThe price of UK five-year government bonds is now below both Italy and Greece, a decade after the eurozone debt crisis was gripping markets.

QuoteUK gilts have fallen more than Italy's government bonds today too, despite the far-right Brothers of Italy party winning the most votes in Sunday's election.