Brexit: Article 50 Has Been Triggered !

[1andrew1]

Brexit vote impact starting to be felt.

Consumers, seeing the pound depreciate, front-loaded their spending in the second half of last year, because they understood that import prices would rise. Having incurred additional debt, they are in no position to continue spending at that earlier pace.
Sterling’s substantial depreciation, moreover, augurs a significant rise in inflation, which means the Bank will have to start raising interest rates sooner rather than later. The consequences for growth will not be pretty. The Bank will no longer be the Brexiter’s friend.

https://www.theguardian.com/business...ight-on-brexit

[Mr K]

Originally Posted by Mick

Typical BS story written in a pathetic anti-brexit rag. Mr K must have shares in those cretins.

And what unbiased sources do you follow Mick? Do tell and make your 10,000 post a good one !

Originally Posted by 1andrew1

Brexit vote impact starting to be felt.

https://www.theguardian.com/business...ight-on-brexit

How long has the guardian been good at writing fiction ?

It sure looks like a remainers wet dream for fantasy stories.

[Mr K]

Originally Posted by Mick

How long has the guardian been good at writing fiction ?

It sure looks like a remainers wet dream for fantasy stories.

Doh. You let us down with the 10,000th post

[1andrew1]

Originally Posted by pip08456

Making unfounded statements again I see. Do you have anything that backs that up?

Getting out of the wrong side of bed again I see.

Your best bet is to Google the FT article "Brexit and customs union — what’s at stake for Britain" which explains the situation. Some other snippets are below:

Where materials are imported and re-exported, companies can generally claim back duties. However, doing so means keeping track of exactly where all components come from — meaning a mountain of paperwork.
“It would create a whole set of red tape for us to understand and work our way through,” said Brandauer boss Rowan Crozier. “That’s a challenge that a smaller company like us could do without.”

https://www.thetimes.co.uk/edition/n...lers-lf0h3mc9x

Businesses could become ensnared in red tape unless the government heeds the concerns of industry and retains European Union regulations after Brexit, a House of Lords report warns....It warned that non-tariff barriers, which restrict trade through mechanisms such as embargoes or customs delays, are often more costly to businesses than tariffs and are far harder to remove through a free-trade deal.

https://www.thetimes.co.uk/article/b...ding-3pkntp2j5

---------- Post added at 20:52 ---------- Previous post was at 20:48 ----------

Originally Posted by Mick

How long has the guardian been good at writing fiction ?

It sure looks like a remainers wet dream for fantasy stories.

Congratulations on your 10,000 post.

I can't answer your question but the article you refer to was in fact penned by Barry Eichengreen who is a professor of economics at the University of California.

With Brexit, with Poland now also waving the finger at the EU. It really is not a bed of roses in this so called EU bloc. Over 1000 EU law violations were broken by member states towards the end of last year, it shows the defiance in other EU nations standing up to bureaucracy, all this can be summed up in just 3 short words, 'It's falling apart.'

The European Commission’s annual report on monitoring the application of EU law showed a 21 per cent increase of open infringement cases, suggesting member states are standing up to Brussels bureaucrats and their relentless legislative agenda.

The report shows a huge rise over the past few years, with the number of new late-transposition infringement cases - when member states are slow to implement EU directives - increasing sharply in 2016 (847) compared to 2015 (543).

http://www.express.co.uk/news/world/...claude-juncker

[Osem]

Remoaners have lost their battle to derail Brexit as the public overwhelmingly backs a ‘hard’ exit from the EU. A major new study from the LSE and Oxford University shows even remain voters now generally reject the ‘soft’ Brexit policies advocated by the remoan lobby. The findings refute the often-repeated claim that Britain is deeply divided over Brexit: in reality, both leavers and remainers are broadly united behind a ‘hard’ Brexit on almost every major issue.

https://order-order.com/2017/08/11/r...k-hard-brexit/

[1andrew1]

Originally Posted by Mr K

And what unbiased sources do you follow Mick? Do tell and make your 10,000 post a good one !

Aside from Trump's social media, it's the alt-right-on-the-night Washington Examiner and this worthy journal of record.

Originally Posted by Mick;35911909[url

http://www.express.co.uk/news/world/839670/european-union-eu-law-infringement-rise-court-justice-members-jean-claude-juncker[/url]

So you doubt the Europeans Comission own official records?

[1andrew1]

Originally Posted by Mick

So you doubt the Europeans Comission own official records?

As I've patiently pointed out on many an occasion here, The Express has a poor record in accuracy particularly around the EU. Like sheep to the slaughterhouse, some people are quite happy to believe what the millionaire owners tell them to believe even when it's patently wrong.

Daily Express forced to run second front-page correction over pro-Brexit coverage in space of a week

http://www.pressgazette.co.uk/daily-...ace-of-a-week/

---------- Post added at 20:06 ---------- Previous post was at 20:01 ----------

Interesting and amusing insights into European countries' perspectives

City of London's top EU envoy slams "bewildering" Brussels approach to negotiations: The colourful European dispatches of Jeremy Browne revealed
Documents seen by City A.M. show former Lib Dem Home Office minister Jeremy Browne, the City of London Corporation’s special representative to the EU, is also fearful that the bloc is “affronted by the idea of London remaining brazenly unaffected” by Brexit.
In a series of colourful dispatches sent to UK ministers and trade bodies from across the continent, Browne tells of Switzerland’s dream of a so-called “F4” alliance with London, Hong Kong and Singapore; Estonia and Latvia’s desire for the UK to remain “a bulwark against Russian aggression”; and Poland’s “myopic obsession with the size of Britain’s exit fee”.

http://www.cityam.com/270099/city-lo...ering-brussels

And this has zero to do with the European Commision report.

[1andrew1]

Originally Posted by Mick

And this has zero to do with the European Commision report.

I've not read the European Commission's report and no one in their right mind would trust The Express to report anything on the EU correctly as I've evidenced.
The City AM article is far more colourful and informative. Go enjoy.

[Mr K]

Originally Posted by Mick

Cheer up Mick, tomorrow's Express will bring you stories you like. If not there's always the Fail or a good Harry Potter book

Originally Posted by Mr K

Cheer up Mick, tomorrow's Express will bring you stories you like. If not there's always the Fail or a good Harry Potter book

Of which I neither read, nor want to.