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[Closed] EU Referendum - are you in or out?

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Or is it OK for British soldier to torture chubby hotel clerks to death for fun

that's still going to be covered under the Geneva convention, so what's your problem ?

Several other European countries have already taken the same steps to protect their armed forces. We are far from the first.


 
Posted : 04/10/2016 10:26 am
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They could retrain as foresters and wildlife managers. Far better than doing what they do now which amounts to laying waste to the countryside by preventing anything other than grass from growing.

Eh? foresters and wildlife managers? More subsidy junkies? I thought we wanted to rewild it? Not very wild if it needs all that intervention is it?


 
Posted : 04/10/2016 10:29 am
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are you coming up with all these ideas on your own or do you have help ninfan? Not see Sepp Blatter in ages


 
Posted : 04/10/2016 10:32 am
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Here we go:

http://singletrackworld.com/forum/topic/eu-referendum-are-you-in-or-out/page/252#post-7814505

[quote=jambalaya ]As for the £350m p/week we'll have to wait till we are out before we are able to decide how we'll spend that. Most of that benefit will be decided by our government in 2020


 
Posted : 04/10/2016 10:32 am
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Let me look into these lamb and mutton figures. We won't see a decimation in the industry, imo far from it. Exiting the EU will be a great boost for our farming and domestic food industries. It's one of the reasons I am in favour of WTO tariffs, we can pay 10%-20% more for new European cars (or shock horror jist keep them 10 years like I do or do a deal with Japan and buy tariff free hybrids from them) and the boost for domestic farming and fisheries would be worth every penny in extra car taxes.

It's OK graham the increased suicide rate will help the NHS. Anyway it won't really matter because with some of these amazing ideas most people won't be able to afford to eat.

Mike we won't have to worry about suicides as the death toll from WW3 take care of that. Even Remain stopped short of national starvation.


 
Posted : 04/10/2016 10:34 am
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are you coming up with all these ideas on your own or do you have help ninfan?

No, I got them off Mark Avery, Chris Packham and George Monbiot. Their ideas are usually pretty popular with the left wing intelligentsia around here when it comes to bashing the rich Tory landowners, so it seems like the perfect answer to the Brexit sheepfarming conundrum.


 
Posted : 04/10/2016 10:36 am
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Here we go:

Yup the Government will decide. Most of that they have already said they will continue with (farming, edication grants etc) so the only varience up for discussion is the £10bn leftover (or 8.5 if we want to keep Mike happy)


 
Posted : 04/10/2016 10:36 am
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@kimbers that case could have been brought to the ICJ or under Geneva Convenstion. Ambulance chasing lawyers with a political agenda have been abusing legal aid system and the ECHR to actively solicit cases against British Troops. There where 1500 cases and now there are just 250 after the one firm was caught encouraging Iraqi's to make false claims. All those cases where fropped as there is no evidence.


 
Posted : 04/10/2016 10:40 am
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Mike we won't have to worry about suicides as the death toll from WW3 take care of that. Even Remain stopped short of national starvation.

It's a joke... based on some of the shit posted here.
Don't care if nissan leaves - 7000+support jobs
Banking Jobs going
Research jobs gone
, we can pay 10%-20% more for new European cars (or shock horror just keep them 10 years like I do

Keeping cars for 10 years is bad for jobs

As said the UK is a net exporter of Lamb so that is a killer for the UK farming industry not a bonus
The UK produces a lot of good food, exports what we can during surplus and import when out of season.
Still no sign of job creation


 
Posted : 04/10/2016 10:40 am
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[quote=jambalaya ]Here we go:
Yup the Government will decide. Most of that they have already said they will continue with (farming, edication grants etc) so the only varience up for discussion is the £10bn leftover (or 8.5 if we want to keep Mike happy)

Gross contribution after rebate was ~£12.9bn last year, UK CAP ~£4bn. I'm fairly sure Mike's figures don't include all grants to UK on that basis...

BTW supposedly our net contribution is actually ~£3.5bn


 
Posted : 04/10/2016 10:47 am
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The serious legal challenges are going to delay the whole process and create more incertainty for business.


 
Posted : 04/10/2016 10:55 am
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Will our 10,000 sheep farmers be employed as gardeners?
They could retrain as foresters and wildlife managers. Far better than doing what they do now which amounts to laying waste to the countryside by preventing anything other than grass from growing.

Or, to put it another way - they are using a resource for protein production that can't be used for much else in terms of food. Saves us having to import lentils from around the world; intensively farmed beef or stealing quinoa from South American poor people.


 
Posted : 04/10/2016 11:00 am
 dazh
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I thought we wanted to rewild it? Not very wild if it needs all that intervention is it?

On the contrary, sustainable forestry is one of the integral parts of re-wilding. The wildlife management is purely a sop to the farming brigade who think wild animals are a threat to their livelihoods.


 
Posted : 04/10/2016 11:09 am
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Re: ECHR and troops, and 'ambulance chasing lawyers' and all that's been said above about the government protecting the armed forces from legal action.

Remember that a so-far unmentioned corollary of removing the protections of the ECHR from our armed forces is:

Troops (actually, usually their survivors) will no longer be able to bring action against a government who fails to supply them with the necessary safety equipment.

Google Susan Smith, Philip Hewlett, Snatch Landrovers.

There are currently other cases in progress that Article 2 of the ECHR has made possible after our judiciary denied the families justice.

So much for protecting troops- this will remove real scrutiny from politicians and their cack-handed procurement failures.


 
Posted : 04/10/2016 11:11 am
 igm
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I think the Brexiters are in a George Bush / Tony Blair situation.

They had a plan to win the war (and you can make your own mind up on whether if that referendum campaign was a military campaign they'd be done for war crimes), but they totally fail to have a plan to win the peace.

An interesting vacuum into which some creative thinking might actually salvage this mess - but it ain't going to come from the wreckers of the leave side.


 
Posted : 04/10/2016 11:18 am
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BTW supposedly our net contribution is actually ~£3.5bn

source?
let me guess a guy in the pub told you...

[img] [/img]


 
Posted : 04/10/2016 11:18 am
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igm - Member
I think the Brexiters are in a George Bush / Tony Blair situation.

thats quite an interesting analogy

do you think that in few years time, when the economy is flushed down the loo

there will be a hutton style inquiry?


 
Posted : 04/10/2016 11:20 am
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Let me look into these lamb and mutton figures. We won't see a decimation in the industry, imo far from it. Exiting the EU will be a great boost for our farming and domestic food industries.

Yes please do look into those figures.

You claim that the 40% tariff protects EU sheep farming and I agree it does.
So given that 94.4% of our sheep meat exports are to the EU, how does removing the protection of that 40% tariff boost sheep farming??

All those cases where fropped as there is no evidence.

As happens with most of the [i]"X terrorist/pedo/murderer/dj is appealing to the European Court of Human Rights"[/i] shock headlines. It's just the tabloids conveniently neglect to mention that part.

Roughly half of all applications to the ECHR from the UK are rejected as inadmissible before they get to court.

Only 1 in every 200 cases heard by the court originates from the UK.

Sources:
http://rightsinfo.org/0-4-european-court-cases-uk-heres-matters/


 
Posted : 04/10/2016 11:25 am
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[quote=kimbers ]BTW supposedly our net contribution is actually ~£3.5bn
source?
let me guess a guy in the pub told you...


 
Posted : 04/10/2016 11:28 am
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There are currently other cases in progress that Article 2 of the ECHR has made possible after our judiciary denied the families justice.

Not to worry - once we have the "British Bill Of Rights" anyone failed by the British judiciary like that will be able to take their case straight to the British judiciary.

As that is apparently fairer than having an independent hearing by an international court that specialises in human rights cases.

It'd be funny if it wasn't so scary.


 
Posted : 04/10/2016 11:32 am
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And no more foreign doctors and nurses in 10 years.

I have to admit that in 20 years in the UK I have rarely came across direct racist attitudes, but Brexit is certainly changing it.
All May is talking about is immigration and control.


 
Posted : 04/10/2016 11:39 am
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And no more foreign doctors and nurses in 10 years.

Not to worry, that nice Mr Hunt has a plan for that: 25% new junior doctor places to fill the shortfall and fines for junior doctors who move abroad.

See http://singletrackworld.com/forum/topic/doctors-on-strike/page/50#post-7999447

Not entirely sure what he plans to do about nurses and the other medical staff from the EU though.


 
Posted : 04/10/2016 11:51 am
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As that is apparently fairer than having an independent hearing by an international court that specialises in human rights cases.

First, the judiciary is independent from government in the UK, there is no significant benefit to going to Europe. Second, the UK is the most international and sophisicated market for legal services in the World. You will find at least as well qualified people in this country, indeed if you talk to lawyers, they will say the UK judges that end up in the European Court are those that struggle to make the grade here.


 
Posted : 04/10/2016 11:58 am
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I have to admit that in 20 years in the UK I have rarely came across direct racist attitudes, but Brexit is certainly changing it.
All May is talking about is immigration and control.

looking at the statements being made at the Tory conference, its like they've all heaved a massive collective sigh of relief and said

"Hurrah! We don't have to pretend we're not racist any more!!!'

.....and now they can set about getting rid of all the darkies. And if the economy collapses in the process? Well... it'll be worth it as long as we're rid of those frightful Johnny Foreigner types

I despair of the direction of travel of British Politics. Its hate-filled, petty, small-minded and really, really nasty


 
Posted : 04/10/2016 11:59 am
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All the more reason to get behind the alternative candidates IMO.

Not necessarily Corbyn either. I think Farron's a good bloke too.


 
Posted : 04/10/2016 12:06 pm
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And no more foreign doctors and nurses in 10 years.

I don't think Hunt's said "no foreign doctors and nurses", it's "let's end reliance". TBH, not being reliant on importing medical staff is a good idea, and it's pretty low that as one of the richest countries in the world we brain-drain from elsewhere (and yet the government complains bitterly when UK doctors emigrate). Hey, it's almost like it's his job to adequately staff the NHS and he's admitting that he doesn't, eh.

But the figures seem to be complete howling mad bullshit. Hunt says there'll be 1500 extra places per year and that's going to close the gap by 2025. There are apparently 30000 EU doctors alone in the UK. So, no, not even close. (I've seen 70000 for "doctors from the rest of the world" but I'm not clear if that includes the 30000 EU or not. It doesn't matter really, it's still several times more than this would produce even if a doctor took a week to train.

But that's not even the bottom of it. We already face massive shortfalls- over 8000 gps in England aloneand rising fast because of the aging GP population. So what he's announced as "ending reliance" in fact isn't even enough to reverse the current understaffing trend, which until recently he claimed didn't exist. That's without the "7 day NHS"

In short- it's Hunt telling transparent and ridiculous lies, because if he told the truth for 2 minutes he'd probably end up dangling from a lamppost.


 
Posted : 04/10/2016 12:06 pm
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And no more foreign doctors and nurses in 10 years.

I'll bet as much as you want that in 10 years there will be at least 1 foreign Doctor or Nurses. The NHS has Indian, Australian and NZ Doctors and Phillipino nurses. A good friend and ex-nurse works in HR for NHS

Graham the govt has made it clear all EU citizens here legally will be allowed to stay assuming EU says the same. If the EU does not we will not be ejecting European Doctros and Nurses who want to stay. If they don't want to stay we'll replace from the long queue of people from elsewhere in the world who want to come here and who will happily apply and pay for a 3yr visa

Mike's net £8.5bn figure comes from fullfact.org (who Stoner, I and many others funded for their EU fact check effort)

Mike it makes sense you apply for an Ozzie passport given your negativity on the UK's prospects. We need optimists and go getters who see opportunity. There is a very very long queue from all around the world to come here. No one has a problem with one in, one out.


 
Posted : 04/10/2016 12:07 pm
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If these policies were Labour they'd be howling 'how are you going to pay for this?' and 'this is la-la economics' and so on.


 
Posted : 04/10/2016 12:08 pm
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[b]mefty - Member [/b]

First, the judiciary is independent from government in the UK, there is no significant benefit to going to Europe

Yes there is. Re my example above: the Court of Appeal had already rejected an argument put on behalf of Mrs Smith and family that they had a claim under Article 2 of the ECHR. Thats the point- our judiciary, guided by the MoD, had already denied justice to these families, and these changes will remove this access.

indeed if you talk to lawyers, they will say the UK judges that end up in the European Court are those that struggle to make the grade here.

And? Thats a fairly pathetic ad-hom if you don't mind me saying.


 
Posted : 04/10/2016 12:10 pm
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those that struggle to make the grade here.

By that do they mean disagree with the government policy?


 
Posted : 04/10/2016 12:12 pm
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The rest of the world must be looking at this country with the same look of disbelief as we are staring slack-jawed across the Atlantic, at the possibility of a Trump presidency.

The brexiteers are all banging on about how countries will be queuing up to do trade deals with us. In reality, due mainly to the Return of Grand Brittania bollocks they're spouting, we look like the looney on the bus. The one everyone pointedly avoids.

They're utterly ****ing delusional to the point where they're totally blind to the enormous didconnect between theiir cloud-cuckooland Wishlist, and the reality of how we appear to the rest of the world.

At present, we're about as appealing as a nation as a great big steaming turd on a pristine white carpet


 
Posted : 04/10/2016 12:14 pm
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Binners, each day I take a look at the BBC with the front page reviews. When the mail, express, tele, sun and times and having a massive circle here you know it's bad. At the moment the Donald is a preoccupation for the world. The at will have run its course well before anything actually happens with brexit.
It's only if you look inwards that you see the way the UK is busy flinging insults and shit at the people they need to negotiate with.


 
Posted : 04/10/2016 12:20 pm
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First, the judiciary is independent from government in the UK, there is no significant benefit to going to Europe.

Righto, so if the UK courts decide something is not a breach of human rights we should just accept that?

So if for example our courts say that beating a child with a cane is a-okay with them then we accept it?
http://rightsinfo.org/stories/beating-children-is-never-right/

Or if our judiciary are unable to act on a case of someone trafficked into domestic slavery because "there was no offence in English criminal law which applied to the facts of her case" then we just accept it?
https://ukhumanrightsblog.com/2012/11/28/uk-not-doing-enough-to-combat-human-trafficking-and-domestic-slavery/

Or if our Court of Appeal and the House of Lords decide that it is just fine for the police to indefinitely retain DNA samples from innocent people.
http://www.bailii.org/eu/cases/ECHR/2008/1581.html
(a case incidentally that led to the [url= https://en.wikipedia.org/wiki/Protection_of_Freedoms_Act_2012 ]Protection of Freedoms Act 2012[/url] introduced by one Theresa May)


 
Posted : 04/10/2016 12:20 pm
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Which policies Molgrips ? The cap on Doctors training places at Uni should have been raised years ago.

Also you forget the £10bn pa we have to play with and the much improved medium and long term economic prospects outside the EU. Much rather spend the £10bn domestically on projects which enhance the UK than bolster ex communist countries of Eastern Europe or wannabe EU members as part of the EU superstate political project.

In other news Italian papers have been "complaining" that UK is claiming its share of the 42,000 bottles of vintage wines in the Brussels cellars and its share of the artwork at the Union. Note this is part of the argument around €6bn of pension liabilites for UK EU staff.


 
Posted : 04/10/2016 12:22 pm
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Those of us brought up in the 80s (or before), will have a fairly sanguine view on the effectiveness of a UK based (establishment is the phrase that keeps coming up...) judicial process...

Shall we have a game of "dubious process / miscarriage of justice" bingo - where to start???


 
Posted : 04/10/2016 12:26 pm
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The brexiteers are all banging on about how countries will be queuing up to do trade deals with us. In reality, due mainly to the Return of Grand Brittania bollocks they're spouting, we look like the looney on the bus. The one everyone pointedly avoids....

...At present, we're about as appealing as a nation as a great big steaming turd on a pristine white carpet

Whoa there cowboy - you are letting this all get on top of you binners. The UK remains and will remain an attractive place to invest in and an important partner to trade with. That will not change. We have, however, made both less attractive and more costly which is a great shame and could/should have been avoided.

On top of that, we are behaving like spoilt little kids with our them and us, zero-sum game attitude towards our partners. Appalling to watch in many ways.

As an aside, I do love how the BSers view the weak £ as a free-lunch!!!


 
Posted : 04/10/2016 12:28 pm
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Can you explain the effects of weak currency for us non-economists THM? Serious request.


 
Posted : 04/10/2016 12:29 pm
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Which policies Molgrips ? The cap on Doctors training places at Uni should have been raised years ago.

Exhibit A
Stuff that we could have fixed years ago.
Also you forget the £10bn pa we have to play with

Is this the 10 bn we were going to use to pay for the projects already funded and do things like agriculture?


 
Posted : 04/10/2016 12:30 pm
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Binners well in the US the EU is seen as a massive hot bed of lefty nonsense with wildly unaffordable state spending and a workshy population. As far as they are concerned our healthcare is a national disgrace. Depends on your perspective. Trump does have a point on NATO why should the US provide security when many members do not meet the 2% GDP spending limit. Remember Obama said it was up to Europe to apply sanctions to Russia (IS and UK do very little trade with Russia). My point is that Europe needs to start taking care of itself isn't a Trump only stance.


 
Posted : 04/10/2016 12:30 pm
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There are apparently 30000 EU doctors alone in the UK. So, no, not even close. (I've seen 70000 for "doctors from the rest of the world" but I'm not clear if that includes the 30000 EU or not.

[img] [/img]
https://fullfact.org/immigration/immigration-and-nhs-staff/

[url= http://www.independent.co.uk/life-style/health-and-families/health-news/nhs-has-more-foreign-doctors-than-any-other-major-european-country-study-finds-a6787906.html ]36% of NHS doctors were born overseas (Telegraph)[/url]

We are going to need a bit more than 1500 junior doctor spaces to fill that void!


 
Posted : 04/10/2016 12:32 pm
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The rest of the world must be looking at this country with the same look of disbelief as we are staring slack-jawed across the Atlantic, at the possibility of a Trump presidency.

Australian relatives were over during the summer - "disbelieving" would far too polite... "What were you daft nuggets thinking of?" would be closer to the mark 🙁

ETA - Hhmm. I definitely did not type "nuggets" 🙄


 
Posted : 04/10/2016 12:33 pm
 igm
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Has anyone said...

[b]Fool Welsh Breakfast [/b]

...yet?


 
Posted : 04/10/2016 12:47 pm
 igm
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More seriously it sounds like the government are about to clamp down on non-EU immigration. Probably we knew this already as the majority of immigration is non-EU so to hit their 100,000 targets they have to hit the Non-EU folk.


 
Posted : 04/10/2016 12:50 pm
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to hit their 100,000 targets they have to hit the Non-EU folk.

Yep!

Net Immigration: 180,000, from the EU. 190,000 from non-EU.

[url= https://www.migrationwatchuk.org/statistics-net-migration-statistics ]According to Migration Watch (y/e March 2016 stats)[/url]


 
Posted : 04/10/2016 12:59 pm
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Can you explain the effects of weak currency for us non-economists THM? Serious request.

Ok Mol, a much simplified answer here (but with the caveat that in practice non of these relationships are simple!)

1. The effect of a weaker pound is similar to the effect of lower interest rates - hence you will hear talk of "looser" policy effect. The impact is stimulative but with some costs. Post Brexit vote, policy is looser because we have a significant weakening of the £ and a cut in IR. Both do the same thing.

2. Assuming that all other things remain equal (they don't!), a weaker £ makes our exports cheaper and more attractive. Exporters benefit from higher sales and/or higher margins

3. As above, imports (eg typically food, petrol etc) become more expensive. Two impacts, the quantity of imports falls but the price of imported goods rises (inflationary)

4. Putting 2 and 3 together, a weaker £ is good for our current (trade) account which is historically in deficit ie, we import more than we export. This (the trade deficit) has a negative impact of the level of aggregate demand in the economy. So a weaker pound should help by making exports more competitive while reducing demand for imports. In the short term, however, volumes do not respond as quickly as prices so the current (trade) account actually gets worse before it gets better. You may have heard people talk about the J-curve effect ie things get worse before they get better

5. Inflation is the main downside to a weaker currency - approx 10% weaker £ leads to 3% increase in prices. At the moment, inflation risks are low so this is less of a problem than normal (indeed in the current unusual environment, its a good thing). Of course, foreign holidays become more expensive too!

6. The other main issue currently is whether a weaker £ makes the UK an attractive investment destination. If the £ gets weaker, returns fall for foreign investors and this could lead to capital leaving the UK and investments being reduced.

7. BSesrs will also be happy because a weaker pound also makes the UK a less attractive place to work for foreign workers - Johnny go home!!!

So those are some of the key factors but they are a massive simplification and lots depends upon whether the fall is sustained or just temporary. Plus volatility leads to uncertainty which is bad news for investment etc.

Hope that helps


 
Posted : 04/10/2016 1:11 pm
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The extra doctors places are just to try and compensate for those Jr Docs leaving for better conditions in Australia etc after Hunt's deft handling of the contract crisis

each doctor costs £300,000 to train, in February the number of jr docs applying for certs to move abroad had doubled to 9000 (wonder what it is now!?!), I know of several who have already left and are planning to leave within the next few years when training/ studies have finished

and against this backdrop our government is trying to restrict both EU and non EU migration, for an NHS already having to deal wit and ageing population (of brexit votters) whilst in the grip of its worst ever staffing crisis 😯


 
Posted : 04/10/2016 1:14 pm
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The extra doctors places are just to compensate for those Jr Docs leaving for better conditions in Australia after Hunt's deft handling of the contract changes

The conditions were mental way before that, got a mate who works emergency here. He is very happy not to have done the UK version...


 
Posted : 04/10/2016 1:18 pm
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Mike it makes sense you apply for an Ozzie passport given your negativity on the UK's prospects. We need optimists and go getters who see opportunity.

No we need useful idiots who embrace all this "Take our country back" shite while the small-statists in the Tory party privatise everything in sight and remove workers rights that get in the way of "business"


 
Posted : 04/10/2016 1:25 pm
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80th anniversary of the Battle of Cable Street today (though I would put Jambalya / Ninfan more in the category of Roderick Spode than Oswald Mosley).


 
Posted : 04/10/2016 1:32 pm
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[img] [/img]

bigger....

:large


 
Posted : 04/10/2016 1:35 pm
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Will the new British doctors be taken from a UK school and fully trained up or Indian doctors fast tracked through immigration to make them British?


 
Posted : 04/10/2016 1:38 pm
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kimbers: So our best hope is that Trump's election sparks a civil war in America? It just might happen! 😀


 
Posted : 04/10/2016 1:39 pm
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No we need useful idiots who embrace all this "Take our country back" shite while the small-statists in the Tory party privatise everything in sight and remove workers rights that get in the way of "business"

Its unbelievable quite how thick some people are, isn't it? Talk about turkeys voting for christmas?

When they say 'red tape' thats 'strangling business'. What they mean is sick pay, holiday pay, maternity leave, the right not to be killed by your employers disregard for health and safety, etc, etc, etc.....

Not to worry. I'm sure that Woman of the People Theresa, and her big-hearted colleagues like IDS have got a much improved version of all those things, ready to enshrine in law once we're out of the EU


 
Posted : 04/10/2016 1:46 pm
 mrmo
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Kimbers i think that graph shows nicely that the UK is not the power it was. Sterling is no longer what it was.

The world has changed, accept it deal with it, picking up the ball and running away solves what?


 
Posted : 04/10/2016 1:48 pm
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Thanks THM.


 
Posted : 04/10/2016 1:51 pm
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binners - Member
The rest of the world must be looking at this country with the same look of disbelief as we are staring slack-jawed across the Atlantic, at the possibility of a Trump presidency.

No, actually the opposite is true especially in SE Asia for the following reasons:

1. They agree with UK getting rid of those EU bureaucrats (they use different expression btw). They see EU as non-entity that encroach on European sovereign states. They keep asking me what is this EU abstract? Is it a country? What is it?

2. They see US as a bunch of no good nosey Yankers stirring up troubles in other country.


 
Posted : 04/10/2016 1:57 pm
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When they say 'red tape' thats 'strangling business'

They have just unleashed a mountain of red tape. Two years after A50 every manufacturer in the UK will have to process extra red tape on every sub component import from the EU and every export to the EU. It's going to cost UK industry significantly. That's before we add the WTO tariffs which will also require paper work and cost £££.


 
Posted : 04/10/2016 2:02 pm
 igm
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Also on the low £, UK companies that earn profits abroad will earn more in £ terms when the £ is low I think.

This is part of the reason the FTSE 100 is doing a little better than the 250.

However the fact that the exchange rate is as it is also presumably allows foreign money to buy UK stock in the hope of a recovery in the £ at a later date - this might regarded as gambling, but if you believe Jamba's imminent euro collapse theory (it's possible) then it's not much of a gamble.


 
Posted : 04/10/2016 2:06 pm
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but if you believe Jamba's

LOL!!

Yes, the whole of Europe will collapse, Queen Victoria will rise from the dead, and Britain will once again rule the waves!

Meanwhile, back in the read world.....


 
Posted : 04/10/2016 2:10 pm
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Also on the low £, UK companies that earn profits abroad will earn more in £ terms when the £ is low I think.

This is part of the reason the FTSE 100 is doing a little better than the 250.

V good point - Lots of companies with $ revenues and £ costs in the FTSE100. This is the opposite effect to the UK being an attractive investment destination for foreign companies that I touched on.

Still smarting from missing this trade at the time of the vote - bloody obvious long/short idea in hindsight 😳 and easy to execute


 
Posted : 04/10/2016 2:13 pm
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The Torygraph etc are getting very excited about the surging ftse100

Brexit has saved the country!!!, infact it must have ended Boom and Bus.... Oh

now obvs im no LSE graduate but
looking at the history of the ftse theres a distinct pattern:

a steady increase always seems to be followed by a large drop, what you might call a crash

[img] [/img]


 
Posted : 04/10/2016 2:18 pm
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The Torygraph etc are getting very excited about the surging ftse100

Just don't look behind the curtain or you'll see the pound hitting a 31 year low against the US dollar.

[img] [/img]


 
Posted : 04/10/2016 2:29 pm
 mrmo
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Yes, the whole of Europe will collapse, Queen Victoria will rise from the dead, and Britain will once again rule the waves!

anyone seen Arthur about the place yet?

when albion's need is greatest arthur will rise again


 
Posted : 04/10/2016 2:35 pm
 igm
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The English aren't entitled to Arthur's protection - only the Celts (and maybe the Picts). He was a British king who spent years trying to hold off the English immigration to Britain. (And we're back to immigration 😯 )

Interestingly the only Arthurian character known to have existed was Merlin - a Welsh speaking Briton from the Dumfries and Galloway area of Scotland.


 
Posted : 04/10/2016 3:01 pm
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Strange women lying in ponds distributing swords is no basis for a system of government. Supreme executive power derives from a mandate from the masses, not from some farcical aquatic ceremony.

You can't expect to wield supreme power just 'cause some watery tart threw a sword at you!


 
Posted : 04/10/2016 3:10 pm
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It amazes me how lazy journalism is re Brexit...e.g. 'see it's not been so bad..Brexit has proved to be ok'...FFS..it hasn't happened yet. All we've had is a vote on it. All terms and conditions are the same at present and we're still in the EU..


 
Posted : 04/10/2016 3:19 pm
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GrahamS - Member

Strange women lying in ponds distributing swords is no basis for a system of government.

It's not looking so bad these days tbh


 
Posted : 04/10/2016 3:25 pm
 DrJ
Posts: 13933
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7. BSesrs will also be happy because a weaker pound also makes the UK a less attractive place to work for foreign workers - Johnny go home!!!

... but will make tuition fees at UK universities lower, which will not please the raci^H^H^H^Hleavers.


 
Posted : 04/10/2016 3:31 pm
 igm
Posts: 11869
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Anyone being oppressed?


 
Posted : 04/10/2016 3:31 pm
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Yorkshire was part of Wales once but we don't want that bit back though wouldn't mind having Southern Scotland and the Lake District back though. Sword chucking by 'watery tarts' seems as good a way of choosing a government as any at the moment.


 
Posted : 04/10/2016 3:41 pm
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DrJ - Member

... but will make tuition fees at UK universities lower

Don't worry, Amber Rudd's got this covered, she signalled yet another attack on international students today

(aside; I wonder if she actually believes you can get into an English language degree course without being proficient in english, as she claimed today? She certainly doesn't seem to understand student visa requirements)


 
Posted : 04/10/2016 3:53 pm
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Yorkshire wasn't part of Wales. Wales is the part of Britain that Anglo-Saxons didn't colonise. Germans, if you like.

Isn't history great? 🙂


 
Posted : 04/10/2016 3:56 pm
 igm
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A part of Britain, moly, they didn't do too well in Scotland either (or Alba in Gaelic - you were wonder about the Albion link weren't you). Or Cornwall for that matter.

The French vikings that arrived in 1066 did a better job to be fair.


 
Posted : 04/10/2016 4:04 pm
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Scotland was invented by the Romans.


 
Posted : 04/10/2016 4:06 pm
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Scotland was invented by the Romans.

I thought it was the Irish kings that conquered Scotland


 
Posted : 04/10/2016 4:30 pm
 igm
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BnD has it


 
Posted : 04/10/2016 4:41 pm
Posts: 2006
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Yorkshire was part of Wales once but we don't want that bit back though wouldn't mind having Southern Scotland and the Lake District back though. Sword chucking by 'watery tarts' seems as good a way of choosing a government as any at the moment.

Confusion over the spoken language (essentially old welsh) and Hen Ogledd "the old north" comprising the old post Roman Brittonic kingdom's which then disappeared by ad937


 
Posted : 04/10/2016 4:42 pm
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IMF one report two headlines

UK growth highest amongst developed nations globally says IMF
IMF revises down UK growth

£/$ lowest for 30 years. £/€ lowest for 3 years. One makes a better headline obviously.

Whatever the level of the currency the UK will reman a very attractive place for "foreigners" looking to come and work, we will always be oversubscribed in that regard.


 
Posted : 04/10/2016 4:49 pm
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A part of Britain, moly, they didn't do too well in Scotland either

Isn't Southern Scotland full of Saxons anyway and Northern Scotland full of Irish?*

* this may be over simplistic 🙂

Whatever the level of the currency the UK will reman a very attractive place for "foreigners" looking to come and work

Why?


 
Posted : 04/10/2016 4:52 pm
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[quote=jambalaya ]£/$ lowest for 30 years. £/€ lowest for 3 years. One [s]makes a better headline[/s] is more significant obviously.

Remind me who keeps pointing out the Euro is a basket case? Yet the pound is even less attractive than it was compared to that...


 
Posted : 04/10/2016 4:54 pm
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