BREXIT: Revocation

[Nithavela]

"there is something more powerful than the brute force of bayonets: it is the idea whose time has come and hour struck"

Gustave Aimard, Les Francs-Tireurs

“We all think we’re going to get out of debt.”
-Louie Anderson

 

[mindlight]

It’s worse than that, in reneging on paying the 39 billion owed the UKs lenders are likely to downgrade our credit rating. Coupled with big tax cuts, the UK will be an economic basket case.

Who sets the Credit ratings? The main financial institutions are based in Japan, China, USA and UK not the EU and Britain is likely to secure trade agreements with all of these. Britain has been a net contributor to the EU budget for its entire time in the EU. I guess there are pension commitments that need to be paid and a case could be made for a severance payment, but it seems to me to be more a goodwill gesture in exchange for other concessions in the agreement. I do not want BREXIT but were the EU being naive in expecting the UK to pay them something?

 

[mindlight]

i hear liz is looking into German citizenship.

Isn't the House of Hannover from Germany.

 

[Goonie]

Who sets the Credit ratings? The main financial institutions are based in Japan, China, USA and UK not the EU and Britain is likely to secure trade agreements with all of these. Britain has been a net contributor to the EU budget for its entire time in the EU. I guess there are pension commitments that need to be paid and a case could be made for a severance payment, but it seems to me to be more a goodwill gesture in exchange for other concessions in the agreement. I do not want BREXIT but were the EU being naive in expecting the UK to pay them something?

The UK agreed to before this whole brexit mess, which is why reneging on a financial agreement is risking the credit rating.

https://www.google.com/url?sa=t&sou...AxAB&usg=AOvVaw0yDFjs6eMKxRinIQRplxJn&ampcf=1

 

[Goonie]

Isn't the House of Hannover from Germany.

Indeed and let's not forget Prince Albert of Saxe-Coburg and Gotha.

 

[mindlight]

I'm looking forward to buying big ben in your garage sale.

Big Ben is still being fixed and all the palaces already belong to Germans. How about the Rosetta Stone or the Elgin Marbles?

 

[mindlight]

The UK agreed to before this whole brexit mess, which is why reneging on a financial agreement is risking the credit rating.

https://www.google.com/url?sa=t&sou...AxAB&usg=AOvVaw0yDFjs6eMKxRinIQRplxJn&ampcf=1

The British have been net contributors since they joined so how come we owe money at all.

The payments are for the EU Budget after Britain has left till 2020
Payment of outstanding commitments; and
Financing liabilities up to the end of 2020.

There is no commitment made to honour these payments cause parliament has rejected it 3 times.

It is not like a mortgage or national debt where agreements have been signed and must be honoured. These are membership fees for a club that are to be paid after we have left the club. We agree to them for concessions elsewhere which I think most people agree were not that impressive.

Also the people who decide a country has defaulted or not are not located in the EU. It is London, New York, Hong Kong or Tokyo that are the key centres.

 

[Francis Drake]

It’s worse than that, in reneging on paying the 39 billion owed the UKs lenders are likely to downgrade our credit rating. Coupled with big tax cuts, the UK will be an economic basket case.

Keep talking among yourselves, from a Brexiteer's perspective,its quite amusing.
It's clear you've convinced each other that you're absolutely right.

Maybe in a years time, we could revisit this thread to see who is the most embarrassed?

 

[Goonie]

The British have been net contributors since they joined so how come we owe money at all.

The payments are for the EU Budget after Britain has left till 2020
Payment of outstanding commitments; and
Financing liabilities up to the end of 2020.

There is no commitment made to honour these payments cause parliament has rejected it 3 times.

It is not like a mortgage or national debt where agreements have been signed and must be honoured. These are membership fees for a club that are to be paid after we have left the club. We agree to them for concessions elsewhere which I think most people agree were not that impressive.

Also the people who decide a country has defaulted or not are not located in the EU. It is London, New York, Hong Kong or Tokyo that are the key centres.

And Britain would never exit under no-deal

We risk becoming Greece. Read the article.

 

[Goonie]

Keep talking among yourselves, from a Brexiteer's perspective,its quite amusing.
It's clear you've convinced each other that you're absolutely right.

Maybe in a years time, we could revisit this thread to see who is the most embarrassed?

How goes the unicorns?

 

[Nithavela]

Big Ben is still being fixed and all the palaces already belong to Germans. How about the Rosetta Stone or the Elgin Marbles?

The marbles piqued my interested, but then I googled them and they're not the playing kind, so I'll respectfully pass.

 

[mindlight]

Keep talking among yourselves, from a Brexiteer's perspective,its quite amusing.
It's clear you've convinced each other that you're absolutely right.

Maybe in a years time, we could revisit this thread to see who is the most embarrassed?

Brexit has not happened yet. Parliament is opposed to it and no government can survive without parliament. There is unlikely to be an election before October. Boris can try and just let Brexit happen but how will he govern in the aftermath? So your comment is both premature and a little vacuous as it contains no engagement with the substance or process of BREXIT. Also it now looks like he will simply spend the monies allocated to the divorce leaving no way for reconciliation with Europe after October. It seems that some have allowed their own bad experience of the EU to cloud their perspective. Most people have benefitted from EU membership.

 

[Goonie]

Brexit has not happened yet. Parliament is opposed to it and no government can survive without parliament. There is unlikely to be an election before October. Boris can try and just let Brexit happen but how will he govern in the aftermath? So your comment is both premature and a little vacuous as it contains no engagement with the substance or process of BREXIT. Also it now looks like he will simply spend the monies allocated to the divorce leaving no way for reconciliation with Europe after October. It seems that some have allowed their own bad experience of the EU to cloud their perspective. Most people have benefitted from EU membership.

Actually Boris seems to be preparing for an election before Brexit. He is in full on electioneering mode and the polls are looking good for him. Do not be surprised if Boris calls an election before the end of October.

 

[mindlight]

And Britain would never exit under no-deal

We risk becoming Greece. Read the article.

I read it but the only substantial actor in it who suggests this could be a sovereign debt default is the EU. What they are asking for is for Britain to commit to future budget spending and liabilities. But Britain has been paying far more into this pot than it has received the last 40 years. So this is just creative accounting with a political agenda. If we leave , we leave , we take over local budget commitments but organise them through the national account.

So how does it effect our credit rating if we refuse to pay for services we no longer receive.

 

[Goonie]

I read it but the only substantial actor in it who suggests this could be a sovereign debt default is the EU. What they are asking for is for Britain to commit to future budget spending and liabilities. But Britain has been paying far more into this pot than it has received the last 40 years. So this is just creative accounting with a political agenda. If we leave , we leave , we take over local budget commitments but organise them through the national account.

So how does it effect our credit rating if we refuse to pay for services we no longer receive.

It seems to be about how our debt is structured. It is a mess, it might be a red herring but given the past 3 years what’s the worst that could happen?

 

[mindlight]

Actually Boris seems to be preparing for an election before Brexit. He is in full on electioneering mode and the polls are looking good for him. Do not be surprised if Boris calls an election before the end of October.

If he does that in a first past the post system he could well win. He would definitely beat Corbyn for demagoguery. If the choice is Corbyn or him I might even vote for him. But if it becomes a local choice in every constituency then Brexit will still be the crucial issue and we could see a host of unpredictable surprises.

Corbyn would probably agree to have an election.

 

[Goonie]

If he does that in a first past the post system he could well win. He would definitely beat Corbyn for demagoguery. If the choice is Corbyn or him I might even vote for him. But if it becomes a local choice in every constituency then Brexit will still be the crucial issue and we could see a host of unpredictable surprises.

Corbyn would probably agree to have an election.

He has to, because he is still misinterpreting the 2017 election. It is embarrassing, I support Labour but Corbyn is a joke.

 

[Kentonio]

For those of us who support revocation till the bitter end there is no party with a chance of winning representing us in the Commons

For me Lib Dem is the only option left now. There’s a chance (if Swinson shines) that they could end up being the kingmakers in the next coalition and despite her saying there will be no Lab/Lib coalition, that could change if the terms include a referendum and maybe even no Corbyn as PM.

The Libs are also much better placed to take voters from the Remain side of the Tory party, especially if it’s true about more Tory MP defections coming up soon.

 

[LionL]

Stop Brexit and save our nation!

 

[Francis Drake]

Stop Brexit and save our nation!

Better still, leave the EU on no deal to save our nation.