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Just as you’re physically wincing as you don’t think you could possibly be more embarrassed to be British, one of the usual Brexiteer bell ends manages to up the ante
The ****s!
51 days to go and I just blinked.
Entire portfolio is now cash.
Surely the smart money is in gold futures!
On that note.....
I fancy buying some gold. Anyone know if it's easy to do with a Hargreaves landsowne account?
Seems blindingly obvious to me…
https://twitter.com/thomasbrake/status/1093104264933711875?s=21
The government have negotiated a withdrawl deal. Put it to the people. Far from ideal, but what option is at this point?
If the deal is excepted, we may still require another referendum choosing, or accepting, a new relationship with the EU, but that can happen during the transition period (or more likely, looking at how the last two years have gone, just after it was due to end). So, despite the #FinalSay hyperbole, this may well be only one step of many, but it gets us pass the current impasse, and avoids a very messy April 2019, no matter what the result. This could well be the only way to block "no deal" happening in 2019 (it may still happen a few years down the road of course).
Watching that clip of John Bercow taking the piss out of Peter Bone, I'm liking him more and more all the time. 😀
51 days to go and I just blinked.
Entire portfolio is now cash.
You may regret that... If we go with no deal and the pound drops against the dollar, your cash will be worth even less. And If the pound drops the ftse will rise (because its dominated by exporters and companies that book profit in dollars).
Who knows though....
51 days to go and I just blinked.
Entire portfolio is now tinned, long life or powdered.
I fancy buying some gold. Anyone know if it’s easy to do with a Hargreaves landsowne account?
Gold ETF is pretty easy.
Watching that clip of John Bercow taking the piss out of Peter Bone, I’m liking him more and more all the time.
I think that (even ignoring his position on brexit) Bercow has been heading left during his political life. Labour and the tories should really do a swap with him and Frank Field so they can be in the parties where their political beliefs now lie.
Watching that clip of John Bercow taking the piss out of Peter Bone, I’m liking him more and more all the time.
His face actually just betrayed utter boredom with having to put up with the utterances of that stupid old cretin Bone.
There no point int trying to wind people like Bone up, because even if he can rouse enough blood flow through his sclerotic arteries to notice, he’s probably had people taking the piss out of him for being dim his whole life.
It probably explains why he’s such a **** now.
Gold ETF is pretty easy
There's no point holding gold unless you hold it in metal IMO. The whole point of holding gold is it's a hedge against your bank(s) going bust. That said I don't, we've just spread stuff around French, German and up till now UK banks. The only metal I hold is in too many bicycles.
Madame had a chat with HSBC yesterday, just finding out how many working days it takes to sell some stuff and move it through Global View. We positioned before the vote but may totally pull the plug on all things sterling. The HSBC advisor was refreshingly candid.
There no point int trying to wind people like Bone up, because even if he can rouse enough blood flow through his sclerotic arteries to notice, he’s probably had people taking the piss out of him for being dim his whole life.
When I was at Uni I shared a house with 3 other lads. Two northerners and a more intellectually challenged version of Tim-Nice-But-Dim, from somewhere in the home counties (he was studying sports science which mainly seemed to consist of wearing shorts and a rugby top all year round). We took the piss out of Tim-Nice-But-Dim relentlessly on account of him being an absolute tool. But we just gave up after a while as he was so profoundly stupid that he didn't even realise he was having the piss taken out of him. Which kind of destroys the object, really.
Peter Bone and a lot of the Brexit Tories remind me of him in the fact that despite someone having been given the most expensive education money can buy (he'd gone to one of the horrifically expensive public schools), he was truly as thick as mince.
At least even those responsible for it are now prepared to admit the reason we're in this mess! Not that it gets us anywhere....
https://twitter.com/Channel4News/status/1093212746269761536
There’s no point holding gold unless you hold it in metal IMO. The whole point of holding gold is it’s a hedge against your bank(s) going bust. That said I don’t, we’ve just spread stuff around French, German and up till now UK banks. The only metal I hold is in too many bicycles.
Wouldn't it be a good hedge against the pound falling? We have quite a bit of cash kicking around as we were about to upgrade the house until brexit / my job got a bit dodgy. Job has resolved it self now, so ideally we'd be buying in the next 12 months - no point putting the cash back into equities...
I think that (even ignoring his position on brexit) Bercow has been heading left during his political life
Think it was in Private Eye it said he was very right wing but after meeting his, rather left wing, wife he started drifting leftwards.
It was a fairly entertaining response to the muppet although would have been better if he had gone with the "he didnt say that you cretin. He just blamed idiots like you who led the charge without a plan".
Is it agood idea to hedge using a commodity in a down trend?
Well depends what you're hedging against i'd have thought....
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The other option would to invest in non-GBP denominated funds. Don't want to put it (won't be all of it, just a bit) into anything risky just in something that isn't the pound - can consumers buy US treasury bonds / whatever the euro equiv is?
Ask your bank. Most do a basket of foreign currrencies so if you are worried about the pound and don't want to invest in stocks, bonds, commodities or anything volatile other than just the currency. A conservatively managed currency fund would be the obvious option.
I could lay my hands on a few thousand. #Worth putting it in Euros? I have family in mainland europe so could merely transfer it to them which would( I think) reduce transaction costs. Worth doing or would the £ fall have to be huge to make up for transaction costs? any other way?
i am a complete financial idiot really 😉
If you can get your hands on a time machine and invest in Euros at 1.3 go ahead TJ. I'm not so sure at 1.14 or whatever it is today. You're going to lose about 2% in and 2% out on large sums.
The pound is already priced for some sort of Brexit. If it's harder than currently thought the pound will tank as people like me take it on the chin and accept a modest loss in the hope of avoiding an even bigger one. In the event of remain (Brexit still hasn't happened yet) a lot of people will revise their positons and buy pounds creating a good bounce in the short term.
Surely the smart money is in gold futures!
That should be physical gold as apparently there is more paper gold available than actual gold.
I'm assuming the £ is priced for a Brexit deal
And it would presumably go up if we got some sort of deal (at least until the full shambles of the trade talks begin)
But how much might it crash by in a no deal ?
Ta for the thoughts chaps
He says the changes to the political declaration must include:
- A “permanent and comprehensive UK-wide customs union”, including a say in future trade deals.
- Close alignment with the single market, underpinned by “shared institutions”.
- “Dynamic alignment on rights and protections”, so that UK standards do not fall behind those of the EU.
- Clear commitments on future UK participation in EU agencies and funding programmes.
- Unambiguous agreements on future security arrangements, such as use of the European arrest warrant.
Kelvin, the only way to achive that is a retraction of a50.
Is it just wordsmithing? Are they still too scared of the bullies to say what they mean?
I wonder what I've done wrong financially that means I earn about a 1/3 of what old Boris can pick up in an hour per year...
Many Gold ETFs hold physical gold and there is no bank counterparty risk as the fund will be bankruptcy remote. They are just a much cheaper way to access a logistically expensive asset class to hold. With gold futures your counterparty risk is generally the exchange, which by virtue of how they are established are very good risks.
If you want to hold foreign currency, then again ETFs provide an easy way to access an asset class without needing to set up new accounts etc. I would personally be buying Sfr as European growth numbers aren't too clever at the moment.
Kelvin, the only way to achive that is a retraction of a50.
Agreed. We won't get what he has put in that letter. We may get May's deal reframed using some of that language. She has already tried to use Ireland to scam a medium term place in a customs union… the "have a say" is just vague enough to facilitate something… we'll lose our veto though… but he's never gone as far as to say we'll keep that. All the other stuff is vague enough to appear as new lines in the political declaration, maybe.
Is it just wordsmithing? Are they still too scared of the bullies to say what they mean?
Some people still don't get it.
CORBYN WANTS BREXIT AND WILL MAKE SURE WE HAVE IT.
War of words between Peter Griffin and Rubens Barichello.
CORBYN WANTS BREXIT AND WILL MAKE SURE WE HAVE IT.
I don't necessarily agree tbh. I think he deems it necessary due to the referendum result, but I'm not sure he actually wants it.
I could lay my hands on a few thousand. Worth putting it in Euros?
Sell your property in Edinburgh and buy flats in Frankfurt.
CORBYN WANTS BREXIT AND WILL MAKE SURE WE HAVE IT.
BINNERS WANTS PIES AND WILL MAKE SURE WE HAVE IT TOO
EDUKATOR WANTS FROGS LEGS AND WILL MAKE SURE WE HAVE IT TOO
STW USERS WANT THEIR PRIVACY STROKED AND WILL MAKE SURE WE HAVE IT TOO
all based on the same facts....
So that technology report, was actually a pre-sales engagement by a company that makes RFID sensors. It seems like no-one asked actual border security and customs officials to be part of it.
How're you going to stop people entering the UK with this technological solution? They won't have RFID tags on, and they won't get stopped either.
We will look out for horses with no RFID from out non existent border posts
Oh and todays observation, EU client asked what our prices would be in April....
AWKWARD!
I find it absolutely baffling that anyone could believe that Corbyn has changed his mind about the EU. He wants out, always has, and yes, that includes when he "campaigned" to remain. He wants Brexit. Anyone that hasn't woken up to that fact is deluded.
Tusks comments are designed to piss of the UK and make sure we hard Brexit as opposed to stay in.
Revoking A50 is the last thing the EU wants.
Corbyn is a useless idiot, none those pledges mean anything at all. Just obfuscation.
"Corbyn lays out Labour’s terms for backing May on Brexit"
Guardian
12 dimensional chess intensifies.
The important thing Tusk said wasn't that the brexiters, had no plan. Thats not even controversial.
It was about the state of political leadership in the UK, which is why people are on here mumbling about brexit while both main parties deliver it to us anally, sans lube, without the basic courtesy of a reach around.
Someone remind me why we can't trust the Lib Dems again?
I can't put my finger on it right now, but it must have been really really really important.
Yeah that sales brochure was saying that every item shipped needed an RFID tag, how much would that cost ?
Would make a crazy amount of money for the company though.
& Obviously it does nothing to stop smuggling
This was written about a month ago...
https://www.theguardian.com/politics/2019/jan/05/brexit-corbyn-electoral-catastrophe-yougov-poll
.....however, that article quite nicely undermines the idea that Corbyn is playing this game because the party doesn't want to lose leave votes.
He is going to be destroyed in the next election if he carries on down this path.
Paywall. What's it say?
Tusks comments are designed to piss of the UK and make sure we hard Brexit as opposed to stay in.
Revoking A50 is the last thing the EU wants.
Rubbish
Rubbish
http://m.spiegel.de/international/europe/opinion-there-should-be-no-exit-from-brexit-a-1243405.html
They don't want us back.
How did we go from "They need us, they will be begging to make deals with us" to "They don't want us back" ?
Could it be that Great Britain isn't as Great as it thought it was?
You're giving an opinion piece by a journalist in a German paper more weight than Tusk and Barnier?
http://m.spiegel.de/international/europe/opinion-there-should-be-no-exit-from-brexit-a-1243405.htmlThey don’t want us back.
That's an interesting opinion post on what might happen if we did revoke. It doesn't say whether or not the EU actually want us back. Quite a difference.
Could it be that Great Britain isn’t as Great as it thought it was?
We we covered this on page 20 of this thread.
The EU are divided, some want the UK in, some want the UK out, some want to shake it all about.
The UK on the other hand wants to become a backwater holiday destination with no manufacturing base nor banking sector.
Grab your Speedos from the 70’s.
Meanwhile in Ramsgate, the ferry company with no ferries may soon not have access to the unsuitable port it wanted to dock the non existent ferries at :
https://www.bbc.co.uk/news/business-47144762
I used to wear Speedos in the 70's - when we used to drive to Spain for our cheap summer holidays . . . In my defence, I was under 10 at the time.
Some people still don’t get it.
CORBYN WANTS BREXIT AND WILL MAKE SURE WE HAVE IT.
Well he can't have Brexit AND that other list of stuff he says he wants, so he needs to make his mind up.
The EU are divided, some want the UK in, some want the UK out, some want to shake it all about.
That they may be but they know that they are stronger as one so are putting their differences to one side for the greater good - something the UK could be learning from.
Tusks comments are designed to piss of the UK and make sure we hard Brexit as opposed to stay in.
Sounded to me like the rant of a reasonable man who's been banging his head against the wall for so long now the building is in need of structural support.
Sounded to me like the rant of a reasonable man who’s been banging his head against the wall for so long now the building is in need of structural support.
and the STUPID WOMAN is coming back again today!! Why is she coming back!! What is the point!!!!!
Sounded to me like the rant of a reasonable man who’s been banging his head against the wall for so long now the building is in need of structural support.
He has been gently cajoling and comforting our elected representatives for the past two years with nowt to show for it. Perhaps he thinks the calculated risk of prodding them with a sharp stick is worth a go at this late hour.
Strategy may come into it. If he can separate off the likes of Bone and Francois by agitating them into a froth of fury, it could actually force May to turn to a crossparty consensus instead and opt for a softer Brexit including a customs union.
There are two paths to an agreement for May at the moment
1) ERG+DUP+a few select Labour bribees
2) Cross party softer deal which would require LD and Lab support of some kind.
If Tusk could help wind up the ERGers/right wing media enough to reject just about any withdrawal agreement, perhaps it makes the second option the only possibility (I notice that Juncker was also on the wind-up with his 'stronger ROI' celebration)
All high-risk stuff at this point. But perhaps the time for diplomacy is over.
Oh goody! Another Brexie Bonus - we get roaming charges back! Yah!!
If Tusk could help wind up the ERGers/right wing media enough to reject just about any withdrawal agreement, perhaps it makes the second option the only possibility (I notice that Juncker was also on the wind-up with his ‘stronger ROI’ celebration)
Problem is that this would look like Labour helping the Tories get their Brexit.
Indeed corbyns offer to help may is quite reasonable to many Tories I'd imagine.
But it does put a lie to his pledge to listen to members.
As he's failed to get rid of May or get a GE, wasn't he supposed to be supporting a second ref about now?
Is that RemoanRoaming?
🤣
The EU is full of reasonable people, it’s in thier nature. That’s why the EU was born, and hence the reasoned agreements of reasonable people to trade and be friends.
The UK is half full of single minded obnoxious memememememeitsallaboutme’s hence we’re split as a nation and have a bunch of retards in government.
The UK deserves all it gets.
Roaming charges? Great. Best I start looking for a new mobile phone operator then
Yeah roaming....
Day tripping to Paris yesterday being able to do maps, tether my ohone respond to emails for no extra was quite nice. CDG seem to have a separate passport line for brits already. Maybe we can put the charges on JRM's expenses form.
The UK deserves all it gets.
Well no, half the UK deserve what they get. Can't we just build a wall around them? That seems to be the level of engagement they want with the rest if the world.
As he’s failed to get rid of May or get a GE, wasn’t he supposed to be supporting a second ref about now?
He says a lot of things.
I believe his aim is a Brexit based around a largely devalued £ to make the UK a cheap place to make stuff again, factories, employment up (although it's currently at an all-time record) lifestyle down, but ideally when the electorate realise they can't have another cheap Audi on PCP it's the Tories fault, not his.
I'll never vote Labour again whilst he's leader, the man's an utter fraud and an ardent Brexiteer. Labour will lose every general election they contest with him as leader, but he'll never quit. I mean he lost a confidence vote by 172-40, only to decide he didn't care and carried on.
This may have been discussed earlier, but :-
The eu and UK are desperate to avoid a hard border in Ireland (and desperate to avoid no deal you would presume)
But if we leave at the end of march with no deal, won't a hard border be there by default?
So isn't it in both sides interest to compromise in some way of this issue? Ie if neither side compromises they are going to get the very thing they both do not want?
I see a compromise occurring here(probably at the last second, and probably by both the eu and uk) , we've just got to get through all the dancing around first.
Agreed P-Jay. I saw a poll result on twitter that Labours handling of brexit is having a bigger negative impact on their ratings and votoer intentiosn than their part in the Irac war. I struggle to think who I'll vote for next time. I'm naturally a liberal voer but it seems pointless.
However. If we could make his demands to May legally enforcable in a politcal decleration, I'd be quite happy wit that. Yes we'd be in a worse place than we are now, and it would to a certain extent be pointless, but we arent now going to remain so will undoubtedly be worse off whatever happens. At least with close ties to the EU we wont be munching down too much chlorine while fettling Trump's chicken
<blockquoteThe EU is full of reasonable people, it’s in thier nature. That’s why the EU was born, and hence the reasoned agreements of reasonable people to trade and be friends.
The UK is half full of single minded obnoxious memememememeitsallaboutme’s hence we’re split as a nation and have a bunch of retards in government.
There are brexiteer equivalents in all the EU countries. But their governments haven't been stupid enough to give them a referendum on leaving.
Julians - a hard border is a result of no deal yes. However the EU cannot compromise any further than they have. They have already handed the UK a huge competitive advantage by allowing a UK wide customs union for the transition that the UK can take advantage of without meeting all EU standards etc. Any further compromise would threaten the structures of the EU completely. The EU have moved a long way. The UK has not at all.
To be fair to Tusk and co, if i had had to listen to 2 years of Farrage, Boris and the Maybot spouting almost non-stop rubbish i suspect that "GTFO already" would be my thinking.
They are being incredibly patient and i see little evidence that our politicians and negotiators warrant that.
Agreed P-Jay. I saw a poll result on twitter that Labours handling of brexit is having a bigger negative impact on their ratings and votoer intentiosn than their part in the Irac war. I struggle to think who I’ll vote for next time. I’m naturally a liberal voer but it seems pointless.
I voted for them in 2010, not because I blamed Gordon Brown for the Great Recession or for the Iraq war, but because no government survives a recession like that and certainly not one headed by someone who (somewhat justifiably) was billed as an economic genius by his peers around the world. The Nick did a great job in the debates and I felt they could do something. I think a lot of people felt cheated when they threw in with the Tories, but as we've seen it stopped them doing a lot of stupid stuff.
Tim Fallon was a complete deal breaker for me, but Vince Cable is a decent sort it seems.
Farage says 'EU staring down the barrel of a gun'.
Sounded to me like the rant of a reasonable man who’s been banging his head against the wall for so long now the building is in need of structural support.
When asked again what "hell" looked like… he said it was doing his current job. Hard to disagree with that.
Still… Brexit means Brexit… our PM couldn't be clearer.
A reminder that we have some MPs who can talk without a forked tongue…
https://twitter.com/davidlammy/status/1093238722341015552?s=21
So isn’t it in both sides interest to compromise in some way of this issue? Ie if neither side compromises they are going to get the very thing they both do not want?
I see a compromise occurring here(probably at the last second, and probably by both the eu and uk) , we’ve just got to get through all the dancing around first.
The UK has the power to sort it out. The eu has given the UK some options, we have to pick one. In case we forget its the UK that has no power to fix shit here we have to work out how to do this in line with our existing commitments however inconvenient it is for the fantasist wing.
I wonder if anyone is really engaged with this subject any more? I am no fan of the EU but I stand to lose personally from No Deal and even maybe from May Deal. However, it just feels like the die is cast. Brexit is gonna happen. It's gonna be crap. We'll find out just how crap in due course, but the discussions about this option or that seem just to be so far removed from reality that there's no point in thinking about them, and the words of politicians on all sides are just empty air.
Wake me up when it's over.
You mean wake you up once it's started? Yes? The idea that the reorganisation of the UK economy, and our arrangements with the rest of the world, will be "over" anytime soon is a fantasy. We're about to hit the "burn it down" stage that is just a starting point for a fight over what these countries are going to become. Just the starting point.
There are brexiteer equivalents in all the EU countries. But their governments haven’t been stupid enough to give them a referendum on leaving.
Exactly. The other countries have just as many idiots in them. I would guess that if every one of the 27 EU countries had a referendum the EU would consist of about 3 countries.
You know it's almost as though no-one considered the Irish border issue before deciding if the referendum was a good idea. Isn't it David?
Owen Smith (remember him?) has just been interviewed on Five Live, and making a lot more bloody sense than the useless sod all the sixth formers elected instead. He was derided at the time I think we'd be in a very different, infinitely preferable place now if we had a leaderof the opposition who had the remotest interest in actually opposing
What he was saying was difficult to argue with. It looks like Corbyn is laying the ground now to support May in getting her deal through, and selling the labour membership, who he claims to be listening too, down the river. This is because he's an unreconstructed 70's Bennite, who still holds exactly the same opinions and wants us out of the EU. Also mentioned that in the event of the beardie messiah trying to whip his MPs to vote through a deal there are a good amount of them who would leave the party instead
Owen Smith (remember him?) has just been interviewed on Five Live, and making a lot more bloody sense than the useless sod all the sixth formers elected instead.
You are always missing the point that the further away from power you are, the plainer you can speak. He doesn't have to tread the fine line that Corbyn does, so he can say what he likes. Likewise Lib Dems and SNP.