Michel Barnier kills off Theresa May's Brexit customs proposals | Forex Factory

  • Michel Barnier kills off Theresa May's Brexit customs proposals

    From theguardian.com

    Michel Barnier has warned that attempts to appeal to EU leaders over his head were a waste of time as he rejected Theresa May’s proposals on customs after Brexit, in effect killing off the Chequers plan. On Friday Theresa May travels to Austria to meet Chancellor Sebastian Kurz and the Czech prime minister Andrej Babis, before heading off on her summer holiday. May’s trip follows the EU chief Brexit negotiator insisting there was no difference of opinion in European capitals to exploit. “Anyone who wants to find a sliver of difference between my mandate and what the heads of government say they want are wasting ... (full story)

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theras2000
Jul 27, 2018 11:51am
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I believe we are now at stage 9.

https://www.bbc.co.uk/news/uk-politics-44946819
https://www.bbc.co.uk/news/av/uk-pol...stockpile-food
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fxsport
Jul 27, 2018 3:57am
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From what I understand, as a US citizen, this guy Michael Barnier is being a jerk. As I understand the article this one guy is slamming shut the possibility of the UK officials going directly to EU heads of state to build up support for an alternative Brexit plan that Barnier doesn't agree with!

Who does this guy Marnier work for anyway? It seems to me that it's time to replace this guy because instead of working to make a deal he seems to be doing his best to impede a Brexit.

Please help me out here - is the main beef in the Brexit negotiations dealing with a border between the UK and Ireland? If that's the sticking point it shouldn't be. I "border fence" could be established in less than 30 days with portable checkpoints established. As for collecting EU vs. UK tariff's it's simple - eliminate them.

Come on if the US and EU can agree in 1 day to hold talks and agree in principle why can't the UK and EU get this done - unless they really don't want to do this.....

Personally I would remove these stupid politicans from the negotiations and hire divorce attornies to get the job done. However don't let them charge by the hour. Bid out the job for a set fee and give them bonuses for performance.

Just do it!
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fxsport
Jul 27, 2018 5:42am
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Quoting barkie
{quote} LOL The UK are begging for a transition deal and a free trade deal and all kind of freebies and you say "why don't you just let them go". hahahaha OMG (and I've seen a few simpletons around here but you take the cake Sportyboy !)
Let's analyze your post shall we?

1. The UK are begging for a transition deal - I thought that a transition deal was necessary to be in place by March 2019. This HAS to be done so why is the EU dragging their feet?

2. The UK want's a free trade deal - isn't that what you have now? If it's ok now why not just continue with it?

3. The UK wants all kinds of freebies? - What kind of freebies to they want?

Sorry but from our view across the pond the Brexit looks like a battered spouse trying to escape from an abusive relationship (UK = battered spouse & EU = abuser).

The separation is going to happen - do you agree on that or no?

So if you agree that the separation is going to happen why not make it a win-win situation? I don't get it.
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barkie
Jul 27, 2018 5:12am
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Great work from Michel again of course we don't want a trade deal with the UK.

This guy would be a great successor to Juncker, he knows how to deal with free-loaders.

No mercy !

Winning everywhere.
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TraderTero
Jul 27, 2018 7:48am
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Quoting jimr
{quote} The politicians particularly May want to keep close to the EU leaving the possibility of return to EU at a later date. The people are split but there is increasing support for leaving EU and Barnier may be forcing the so called 'hard Brexit' which will please many people in the UK. Trade deals and Irish issues are just peripheral issues that have been dragged up by people wanting to stay in. Don't forget the balance of exports is heavily in favour of EU and they have much more to lose if we get into a tariff war. The downfall of the UK government...
On what are you basing your claim that there is an increasing support for leaving EU, especially if the other option is a hard brexit?
Not-KPMG
Jul 27, 2018 12:58pm
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Quoting barkie
{quote} LOL The UK are begging for a transition deal and a free trade deal and all kind of freebies and you say "why don't you just let them go". hahahaha OMG (and I've seen a few simpletons around here but you take the cake Sportyboy !)
Comes on Barkie.

Fxsport is freebie lover and NOT the worst I've seen.
Maybe he's the 4-5th worst....

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NewtonsCash
Jul 27, 2018 5:17am
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Quoting Guest
As I now understand this, it effectively puts the kibosh on hope of any settlement before UK exit date of March 2019. Which in turn implies a no-deal brexit will result? It also implies a political crisis in UK perhaps involving a leadership crisis, an election, a plebiscite on no-deal outcome, and/or a second plebiscite on whole issue of brexit. Others may see further possible consequences.. Its very important for traders to have a plan for the volatility that will ensue..
Or you could just convert £ into Gold and have done with it
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barkie
Jul 27, 2018 5:29am
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Quoting fxsport
Hidden
LOL The UK are begging for a transition deal and a free trade deal and all kind of freebies and you say "why don't you just let them go". hahahaha OMG (and I've seen a few simpletons around here but you take the cake Sportyboy !)
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nbfx
Jul 27, 2018 9:42am
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Well, they did start out with suggestions that they should 'punish' Britain (and of course the British people) for having the balls timerity to vote to leave their precious project rather than rolling over (yet again) and giving in to EU forcing things on us. Truth is, IF they had given Cameron something worthwhile to bring home, there would be no Brexit. They basically told Cameron to go and do one and dressed it up in BS and that was for many the final straw...

And they are still at it trying to do just that. Trying to Punish us for saying NO! to them...
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barkie
Jul 27, 2018 1:20pm
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Quoting Ghostship
Just reported on the remainer BBC that exports are up 10% to non EU countries in an area where 72.5% voted to leave. Also overseas investment in our area is up 48% since the referendum in the East of England so we are riding the brexit wave very nicely thank you.
I didn't see anything about Stoke on the BBC website.
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Lamplighter
Jul 27, 2018 5:04am
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It would be quite an achievement for Michael Barnier to precipitate the hard Brexit, and just goes to show why the UK are leaving the EU. There are times when bureaucratic appointees just don't get it - so called 'principals' over pragmatism. The 'dead hand' in all it's glory - completely out of step with reality.
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Trader#3444
Jul 27, 2018 10:02am
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@ fxsport..
You are a US citizen living in the USA. And of course as a member of ff you are quite entitled to post your opinion to any thread. I am just a visitor from outside UK and US.
However I am curious about the persistent nature of your posts and the extent of your interest in brexit.
Ive not seen any of your news posts address specific trading opportunities or provide any actionable trading guidance or sentiment. I like most others scan these posts to find new interesting and informed perspective that open trade opportunities. To be honest and with respect, a menu of persistent partisan anti-EU drum beating is less than inspiring.
Just 5cents from one of the 80% non US/UK visitors here.
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UnBearybull
Jul 27, 2018 9:50am
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Quoting Gmoney1
Typical Brits haven't learned their lesson since the Boston Tea Party, you can't set taxes on another country's goods without repercussions.
You weren't an independent country until the end of The 1812 War. You were still a colony.
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UnBearybull
Jul 27, 2018 9:52am
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Quoting jimr
{quote} Just from attitudes of people I meet. They are sick of the media remain bias and the attitude of the EU. May has been extremely reasonable with them (or far too soft depending on your opinion) but whatever they are offered they want more. They even seem prepared to stir up sectarian violence in NI to further their cause.
The exact mirror opposite of your points could be validly argued , also.
Why did we only hear about N.I. AFTER the vote?
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Ghostship
Jul 27, 2018 12:58pm
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Just reported on the remainer BBC that exports are up 10% to non EU countries in an area where 72.5% voted to leave. Also overseas investment in our area is up 48% since the referendum in the East of England so we are riding the brexit wave very nicely thank you.
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Harmfree
Jul 27, 2018 6:33am
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All the things making the deal not be in place are what the UK is cherry-picking from the EU. Well the benefits are for members, if you aint a member no share for you..besides the issue of UK and Ireland..how can the UK purport to collect tariffs on behalf of the EU, yet it isn't a member..
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jimr
Jul 27, 2018 6:49am
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Quoting barkie
Great work from Michel again of course we don't want a trade deal with the UK. This guy would be a great successor to Juncker, he knows how to deal with free-loaders. No mercy ! Winning everywhere.
The politicians particularly May want to keep close to the EU leaving the possibility of return to EU at a later date. The people are split but there is increasing support for leaving EU and Barnier may be forcing the so called 'hard Brexit' which will please many people in the UK. Trade deals and Irish issues are just peripheral issues that have been dragged up by people wanting to stay in. Don't forget the balance of exports is heavily in favour of EU and they have much more to lose if we get into a tariff war. The downfall of the UK government if it occurs will be because of their strong support for the EU and unwillingness to deliver Brexit.
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jimr
Jul 27, 2018 8:44am
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Quoting TraderTero
{quote} On what are you basing your claim that there is an increasing support for leaving EU, especially if the other option is a hard brexit?
Just from attitudes of people I meet. They are sick of the media remain bias and the attitude of the EU. May has been extremely reasonable with them (or far too soft depending on your opinion) but whatever they are offered they want more. They even seem prepared to stir up sectarian violence in NI to further their cause.
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Gmoney1
Jul 27, 2018 9:44am
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Typical Brits haven't learned their lesson since the Boston Tea Party, you can't set taxes on another country's goods without repercussions.
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UnBearybull
Jul 27, 2018 9:48am
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Quoting fxsport
{quote} Let's analyze your post shall we? 1. The UK are begging for a transition deal ... ... (UK = battered...
Why do you rise to the bait every time?
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Trader#3444
Jul 27, 2018 2:09am
Permalink
As I now understand this, it effectively puts the kibosh on hope of any settlement before UK exit date of March 2019. Which in turn implies a no-deal brexit will result?
It also implies a political crisis in UK perhaps involving a leadership crisis, an election, a plebiscite on no-deal outcome, and/or a second plebiscite on whole issue of brexit. Others may see further possible consequences..
Its very important for traders to have a plan for the volatility that will ensue..
Reply
jimr
Jul 27, 2018 2:36pm
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Quoting barkie
{quote} I didn't see anything about Stoke on the BBC website.
Did you expect to? If it's not London the BBC doesn't know it exists.
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jimr
Jul 27, 2018 3:14am
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Don't forget the impact on the Euro. As well as the impact of losing the UK Europe still has to tackle the stagnation and inertia which was the main cause of Brexit.
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Trader#3444
Jul 30, 2018 12:56pm
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Quoting jimr
{quote} Did you expect to? If it's not London the BBC doesn't know it exists.
FYI: https://www.bbc.co.uk/radiostoke
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fxsport
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