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- gammase1 commented Jul 11, 2016
I agree. Troubling times ahead. Legally, it seems inevitable that an Act of Parliament will be needed before the irreversible Article 50 is invoked.
- gammase1 commented Jul 11, 2016
No, it's a question of Public Law, ensuring that a Prime Minister acts within the established legal framework, respecting the limitations of executive action. Remember that the referendum is advisory, not legally binding - this important legal ...
- gammase1 commented Jul 11, 2016
Yes, Parliament should be the servant of the people, with MPs acting on behalf of their constituents. But from a legal perspective, it is unlikely that a Prime Minister has the authority to invoke Article 50, thereby stripping laws and rights from ...
- gammase1 commented Jul 11, 2016
The legality of invoking Article 50, which is effectively an irreversible repeal of EU laws that confers many rights on those living in the UK, by an executive order, is highly questionable. As the referendum was advisory, the invoking of Article 50 ...
- gammase1 commented May 17, 2016
Now you're contradicting yourself. Your arguments are very confused. In an earlier post you say: "The customer always picks up the import tax. If someone wants a particular car they will pay the price for it" Now, in your most recent post you state ...
- gammase1 commented May 17, 2016
You are wrong. Yes, the cost of any import duties (in my example 10% slapped on cars made in the UK and sold to the EU) will be borne by the consumer. Which leads to the inevitable conclusion that any cars made in the UK will be totally ...
- gammase1 commented May 17, 2016
You're being conveniently selective and using the UK's gross contribution, instead of the net payment - a much lower sum. Also, you overlook the diminished ability of the UK to negotiate more and better trade deals with the rest of the world, ...
- gammase1 commented May 17, 2016
I wholeheartedly agree with this point.
- gammase1 commented May 17, 2016
Of course, there is income inequality in the UK, some of which I believe can be addressed by effective government (which I don't believe exists), but do you really believe this situation will be effectively addressed and improved by the Conservative ...
- gammase1 commented May 16, 2016
Very true. It's thinking that is divorced from reality.
- gammase1 commented May 16, 2016
Not when we export high value services to emerging economies, leading to wealth, growth and prosperity coming back into the UK, which causes our economies of scale (finance, legal, design etc) to further strengthen, leading to greater wealth and ...
- gammase1 commented May 16, 2016
And that manufacturing of lower value goods can take place in, say, China and the supply of high value services to supplement those makers, such as IT, legal, finance and design can take place in another country, such as the UK. In a global economy, ...
- gammase1 commented May 16, 2016
Not entirely correct and neither is it really relevant to this discussion on whether Carney overstepped the mark. Prosperity and growth are not just limited to extracting stuff from the ground and making things. This is far too narrow a definition. ...
- gammase1 commented May 16, 2016
One of the key roles of the BOE is to promote and maintain financial stability, in addition to its main objective of price stability. It is therefore completely within Mark Carney's remit to speak out on events that pose a significant risk to the ...
- gammase1 commented Jan 17, 2016
The fall in the price of crude is hitting hard capital expenditure in the US, as investment in shale in reined in or shelved. Many economists assumed this hit to GDP would be more than compensated by an increase in consumer spending because of the ...
- gammase1 commented Jan 17, 2016
Well said. OPEC are no longer - for the time being at least - acting as a cartel. Instead, they resemble something more akin to a trlade association, not even bothering to set production targets at the last meeting, as the efficacy of such quotas ...
- gammase1 commented Dec 15, 2011
London is a great city. It's always been a cultural melting pot, which is, for a lot of Londoners, what gives the place such appeal. Agree with Patience, though, that if you read too much of the hysterical media - the likes of the Daily Mail - you'd ...
- gammase1 commented Aug 19, 2011
But the vast majority of the numbers "they" (the research community) provide are of no more value than the use of figurative terms, such as "high probability", particularly in the current environment when the number of potential "black-swan" ...
- gammase1 commented Aug 19, 2011
Bill Gross is a definite expert, of that there is no doubt. Pimco's investment track record backs up this fact again and again. His thoughts, along with those of the exceptionally talented Mohamed El-Erian - who, in 2010, developed the prescient ...
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