Regret it Brexit Part 2

Nope, you really wouldn't be interested.

Since none of us knows the exact truth of what goes on behind the scenes and at the negotiating meetings, how about waiting for what will come out eventually, instead of all the crystall ball gazing and doomy predictions.

lemongrove, I would be most interested in your opinion as to whom in the Tory cabinet is doing a great, effective job of the Brexit negotiations. Thanks.

Of course you ‘don’t have a problem choosing’ Varian as you support a bunch of feeble ineffective Lib Dems.
They couldn’t/wouldn’t be able to organise anything if they were in charge of handling negotiations to leave the EU, and neither would the other feeble ineffective one ( Corbyn.)
The bureaucrats in the EU were always going to give the UK a hard time, self serving as they are and have always been, so whoever deals with them has a poisoned chalice.

I don't have a problem choosing between Theresa May and Micheal Gove. I can't stand either of them.

For the Tory brexiters it must be difficult. Do you support a feeble ineffective PM who was a terrible Home Secretary, author of the "hostile environment" policy which lead to Windrush immigrants who had lived in the UK for fifty years or more being forcibly deported, the woman who ostensibly supported Remain because she thought that would be the winning side, but did no campaigning, then as soon as she got into power changed into a hard line brexiter with her stupid unnecessary redlines- or do you support the man wbo was the most unpopular Education Secretary in living memory, who was his good friend Boris's number one supporter for the Tory leadership until he stabbed bin (methodically) in the back and put himself up as candidate???

Varian, I salute you, you have the patience of saint... not rude or sour for sure.

I can’t locate any rude or sour comments from Varian.

plenty of perpetual articles ending with one sentence as in I agree with an article written by someone else. agreeing is not really a genuine opinion IMHO as they say

Theresa May will gather her senior ministers in surroundings more suited to a murder mystery weekend than a Cabinet meeting next week. The Prime Minister has ordered her team to a crunch Brexit meeting on Friday at Chequers, her official retreat that bears more than a passing resemblance to the country house setting of a typical Agatha Christie novel.

www.express.co.uk/comment/columnists/macer-hall/981799/brexit-latest-theresa-may-mystery-meeting-cabinet

Surely it would be impossible for even the most enthusiastic brexiter to maintain that things are going well. You might have to take sides - who do you think will get the best result- Theresa May or her many detractors in the cabinet?

Sour posting from you Varian and incredibly rude too.
Of course Leavers in GN have got used to that from you in the last two years.
You don’t like hearing well informed views about ‘the other side of the coin’.
Allygran will, I hope, continue to add balance to this thread.

Arch-Brexiteer Michael Gove physically tore up Theresa May’s new Brexit customs plans during a meeting earlier this week as tensions inside the Prime Minister’s cabinet spiralled out of control ahead of next weeks showdown at Chequers.

www.google.co.uk/search?q=gove+tears+up&oq=gove+tears+up&aqs=chrome..69i57j0l2.4119j0j8&sourceid=chrome&ie=UTF-8

Aw, diddums, "it's just not fair when I don't get my own way."

Some of those who intend to protest against Trump's visit intend to fly a "Trump baby" shaped balloon over London on thew day of the visit. Perhaps we should have a "Gove baby" balloon to go with it.

None of us post to one individual. Posts are for anyone who chooses to read them. None of us need permission from anyone else to post or refrain from posting.

This is Gransnet. Most of us are grownups.

If you're going to quote Allygran varian you should do so in full otherwise the true meaning of what was posted can be lost.

Allygran "Don't bother posting back to me on here Varian, I wont be responding on Brexit 2".

Anyone who writes "don't bother posting back to me" seems unaware that post are to everyone who wants to read them. "I won't be responding" sounds a bit like "I'm going home and taking the ball with me"

Who is this unspeakably 'vain' poster? Please, do tell?!!

Nearly 20 banks have committed to launching new European Union hubs in Frankfurt since the Brexit vote, according to German officials. The economy minister for the state of Hesse, where Frankfurt is situated, said the city was confident it would attract more, with another 60 firms yet to decide on additional EU headquarters. “We’ve got 18 entities... that have committed,” Tarek Al-Wazir said.​

www.independent.co.uk/news/business/brexit-latest-banks-commit-frankfurt-germany-eu-london-goldman-sachs-a8294651.html

An unintended consequence of brexit, surely, which need never have happened had we not ever started this brexit nonsense.

(I post for the benefit of all GNetters, as I have done for years, not for the benefit of one new poster who thinks it's all about her - what unbelievable vanity!!!)

" varian Wed 27-Jun-18 19:47:39
Britain’s chief financial watchdog has warned that contracts worth trillions of pounds between UK and European Union banks remain at risk of collapse following Brexit, after Brussels’ failure to implement protective legislation.

In a warning to EU officials that time is running out before next March to devise rules for EU banks, the Bank of England’s financial policy committee (FPC) said £29tn worth of contracts could be declared void.

Derivatives contracts, which provide banks and corporations with protection from interest rate rises, could come to an end without fresh legislation from the UK and EU, the committee said in its latest quarterly health check on Britain’s financial services industry".

Try this version varian:

Ian King
Business presenter

"There are two ways to look at the warning from the European Banking Authority that some financial institutions are unprepared for a hard Brexit and need to be.
One is that this is a straightforward, common-sense piece of advice.
The possibility of a hard Brexit is certainly increasing as the Irish border issue, in particular, looms ever larger as a stumbling block. Supporters will argue that the EBA, which seeks to promote financial stability across the EU, is merely pointing that out and reminding the sector that even a transition deal is by no means guaranteed.
The other is that this is a cynical intervention calculated at undermining the City and Canary Wharf and at persuading banks and other financial services institutions to move more of their staff away from the UK to Paris, Frankfurt, Dublin and other locations.
:: Banks not prepared for no-deal Brexit
The EBA will say that, in reminding banks that they must have sufficient numbers of staff at their new operations to ensure continuity of operations after Britain leaves the EU in March next year, it is merely repeating the warnings of others.
For instance, this warning comes just days after Joachim Wuermeling, a member of the board of the Bundesbank, Germany's influential central bank, urged German banks to better prepare for a hard Brexit.
Yet the EBA's advice does rather read and feel like an effort to chivvy banks into moving more staff out of Britain and particularly because it contradicts what the Bank of England has been saying recently.
The Bank, which was not commenting on the EBA statement on Monday, made clear at the end of March that "it would be difficult", ahead of Brexit, "for all financial institutions to have completed all of the necessary steps required to mitigate the risks to the provision of financial services in the EU and the UK".

The Bank of England has told financial services firms there is no need to panic on the prospect of a hard Brexit
To that end Sam Woods, the Bank's deputy governor for prudential regulation and chief executive of the Bank's Prudential Regulation Authority, wrote to banks and other financial institutions, making this observation: "The Government has committed to bring forward legislation, if necessary, to create a temporary permissions regime to allow relevant firms to continue their activities in the UK for a limited period after withdrawal. In the unlikely event that the Withdrawal Agreement is not ratified, this provides confidence that a back-stop will be available."
That was a pretty clear signal to the financial services sector that, while it was important for them to prepare for Brexit, they need not panic about the prospect of Britain leaving the EU without a transition deal.
The EBA's statement on Monday looks like an attempt to undermine the Bank's previous advice and one has to wonder why.
Perhaps it is because it is some City institutions increasingly suspect the EU's own financial regulators are stalling on negotiations.
As Miles Celic, chief executive of The CityUK, the main industry body, said: "Financial services firms in the UK have had contingency plans in place for months.
"Our industry has had a constructive, ongoing dialogue with regulators and government. We have worked together to minimise the risk of disruption to clients and the wider economy.
"The single most helpful thing European authorities can now do right now is to engage urgently and seriously with the issue of contract continuity. The lack of progress by EU regulators on this vital issue is the most pressing item on the agenda."

If this has not been a deliberate attempt by the EBA to undermine the City, it is perhaps just a remarkable coincidence that Monday also saw a separate warning from the European Central Bank to banks looking to set up hubs in the eurozone that, if they did not have their licence applications in by the end of the month, it could not guarantee they would have their authorisations in place by the time of Brexit".

news.sky.com/story/european-banking-authoritys-brexit-warning-is-nothing-of-the-sort-11416615

Highly fallacious stuff coming out of an unprepared EU Banking system. The UK Banking system is ready for Brexit.

I said I would not post on this thread again, but I just can't let misleading story's like this go unchallenged. Guardian or no Guardian.
Don't bother posting back to me on here Varian, I won't be responding on Brexit 2.

That's good to know varian.

Yes

I am proud to admit that I voted leave varian and I would still like to know if heaven forbid we remain in the EU and our economy takes a nose dive if you as a remainer would think it fair that only you and other remainers would be prepared to carry the burden of taxation?

You asked a question and I answered it. Perhaps you could extend the same courtesy to me.

Fennel.

Well said Varian.

Unfortunately, even if at this late stag,e sense could prevail and we were somehow able to remain in the EU, a huge amount of damage has already been done.

Quite apart from the damage to the coherence of our society, and our international reputation, our economy has already suffered. The sheer waste of all the time and money spent on brexit, when there are so many other problems being ignored, the lack of investment caused by the threat of brexit, the number of businesses relocating or opening offices elsewhere in the EU - all of these mean that there will be a cost.

No doubt the leavers would blame it on the EU and those who voted to remain, but I would be proud to say I was a Remainer, even though all we can now hope to achieve is damage limitation.

Smileless - I know you addressed the question to Varian, but it applies to me too.
I would certainly 'pay up'. Bu I would still be cursing David Cameron for the whole mess and suing him for compensation.

No varian I don't believe in the "brexit fallacy* and I've never posted anything to suggest that I do. Now, why don't you answer my question?

Well leavers will be paying as it is the more deprived leave voting areas that will suffer with loss of jobs, industries etc. The wealthy leavers will be ok though as they will benefit from the lack of regulation and off shore investments.

You seem to believe in the "brexit bonus" fallacy smileless. We have already lost billions and if it goes ahead taxes would have to rise to pay for it. Put down your copy of the Daily Express and try looking at the facts. Just the threat of brexit has already cost each family £900.

www.theguardian.com/politics/2018/may/22/brexit-vote-cost-uk-mark-carney-bank-of-england