Originally posted by kato
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Well, well...
http://uk.mobile.reuters.com/article...ource=facebookNo such thing as a good tax - Churchill
To make mistakes is human. To blame someone else for your mistake, is strategic.
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Britain should be 'confident' about Brexit and quit Single Market, former Bank of England governor says
Britain should be "self-confident" about Brexit and Theresa May must "stop pretending" that the UK will still be a member of the Single Market, the former governor of the Bank of England has said.
Lord King, the former governor of the Bank of England, said that there are "real opportunities" for economic reform and new trade deals after Britain leaves the European Union.
He said that while Brexit will not be a "bed of roses", the UK should be must more positive about its future than it is at present.
He told BBC Radio 4's Today programme: "I think the challenges we face mean it's not a bed of roses, no one should pretend that, but equally it is not the end of the world and there are some real opportunities that arise from the fact of Brexit we might take," he said in an interview with Radio 4's Today programme.
"There are many opportunities and I think we should look at it in a much more self-confident way than either side is approaching it at present.
"Being out of what is a pretty unsuccessful European Union - particularly in the economic sense - gives us opportunities as well as obviously great political difficulties."
He said that Britain would be better off outside the Single Market and that there were "question marks" about staying in the customs union .
He said: "I don't think it makes sense for us to pretend we should remain in the single market and I think there are real question marks about whether it makes sense to remain in the customs union.
"Clearly if we do that we cannot make our own trade deals with other countries."
He also said that the Government should go public with its immigration policies "sooner than later", adding that it would be a "mistake" to wait until Article 50 is triggered by the end of March next year.
He defended his successor Mark Carney, who has been criticised for warning about the risk of leaving the European Union.
He said that Mr Carney had been put in an "almost impossible position" because of the polarised nature of the debate and was entitled to issue warnings about the economic impact of the Brexit vote.
Lord King also said that Britain is facing two "existential problems", one from the collapse of the European monetary union and the other from non-EU migrants.
He said that the EU has failed to put in place a "framework for success" and predicted that Germany could abandon the Euro amid rising anger from its voters. He said: I think it's impossible to put any timescale on it [the collapse of the monetary union] but they have simply not put in place the framework to make it a success.
"For a long period they relied on the confidence the markets had in Draghi. The problem now is people in Germany and other countries in the north of the EU are deeply reluctant to pay for countries in the South.
"I think if you look at Italy, Portugal, even France now they are really struggling. As soon as German taxpayers see their money is being thrown away they will start to ask serious questions about whether they want to be part of it."
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Well well well
Exports soar as firms back EU withdrawal: Amount up by 3% as Britain sells £247bn of goods in the first ten months of 2016
Exports of British goods are soaring following two years of decline
They look set to rise again this year as slide in the pound boosts demand
2016 looks set to have been the first year of growth since 2013
By HUGO DUNCAN AND JAMES SLACK FOR THE DAILY MAIL
PUBLISHED: 01:05, 2 January 2017 | UPDATED: 03:22, 2 January 2017
Exports of British goods are soaring following two years of decline.
Official figures show the UK exported £247billion worth of goods in the first ten months of 2016 – up more than 3 per cent on the same period the previous year.
And exports look set to rise again this year as the slide in the pound boosts international demand.
Exports of British goods are soaring following two years of decline
Barring a disastrous end to the year – which analysts believe is unlikely given exports jumped 8.7 per cent to a record high in October – 2016 looks set to have been the first year of growth since 2013, when exports topped £300billion.
It comes as Britain’s five biggest business groups yesterday pledged to work together to make a success of Brexit.
In an open letter, the pro-Brussels CBI, British Chambers of Commerce, Institute of Directors, Federation of Small Businesses and manufacturers’ organisation EEF pledged to work with firms from ‘all corners of Britain’ to take advantage of the opportunities offered by leaving the EU.
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Originally posted by kato View PostWas the pound in 2016 on average even worth 3% less than in 2015? Otherwise, after all, we're talking a net loss in exports...
Mind tho , its an article from the daily mail this time , but , hey , you knew that , mein freund dort druben in Germanistan . oh , BTW have a spiffing new year kato . Meant as well . zum wohlLast edited by tankie; 02 Jan 17,, 19:34.
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Originally posted by Doktor View PostMeh, it was worse than 2013 :-)
Anyway, GBP is a hard currency.
with,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,, ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,, ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,, ,,,,,,, a bloody good service on the car and lots of fuel lol
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Not recent, but interesting all the same. I wonder how long the bitter divide between Remainers and Brexiters will last..
As Matt Ridley argues in today’s Times, the irony is that Remainers are implementing an ugly version of Brexit. But why? Perhaps because of a belief that Remainers lost the argument so should now implement the victors’ will. The risk is that they implement their own caricature of Brexit.
The Brexiteers were (and remain) very sensitive about what the Vote Leave platform described as an outward-looking, globally minded Brexit. Nonsense, said Remainers, the masses don’t like immigrants and this is what it’s all about. Not at all, said the Brexiteers, it’s about sovereignty and control. That’s why we should grant immediate and permanent residency rights to EU nationals. Naive nonsense, said the Remainers: in the provinces they want the skids put under Johnny Foreigner.
A heated debate is stemming from two very different visions of what Brexit would be. And the irony: The Brexiteers won, but Brexit is now being interpreted by Remainers (Theresa May, Philip Hammond, Amber Rudd). Brexiteers think Britain now needs to go to extra lengths to stress its global openness – with an amnesty for EU nationals. The Remainers think this is awful, but they won the argument so let’s start to snarl at foreigners like they seem to want us to do in Nuneaton.
May’s commendable decision to press ahead with a clean Brexit looked like it would unite her party. But this difference of opinion in what Brexit should mean may well divide it again.
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