BREXIT RULES! The Consequences

The Brits were in a bloc since 1973, which was designed to bring about closer union but I don't think people knew how close it really wanted to be.

Check out the Treaty establishing a Constitution for Europe wikipedia page: http://tinyurl.com/zovvkxn

"Post-rejection[edit (https://en.wikipedia.org/w/index.php?title=Treaty_establishing_a_Constitution_for_Europe&action=edit&section=5)]

After the French and Dutch referendum results European leaders decided to hold a "period of reflection" on what to do next.[6] (https://en.wikipedia.org/wiki/Treaty_establishing_a_Constitution_for_Europe#cite_note-6) As part of this reflection period a "group of wise men" was set up to consider possible courses of action.[7] (https://en.wikipedia.org/wiki/Treaty_establishing_a_Constitution_for_Europe#cite_note-7) This group of high-level European politicians former prime ministers, ministers and members of the European Commission first met on 30 September 2006 in Rome.[8] (https://en.wikipedia.org/wiki/Treaty_establishing_a_Constitution_for_Europe#cite_note-8)

On 4 June 2007, this group, known as the Amato Group (https://en.wikipedia.org/wiki/Amato_Group), presented its report. They proposed to establish a new Inter-Governmental Conference with a view to writing a new treaty which would rewrite the Maastricht Treaty (https://en.wikipedia.org/wiki/Maastricht_Treaty), amend the Treaty of Rome (https://en.wikipedia.org/wiki/Treaty_of_Rome) and give the Charter of Fundamental Rights of the European Union (https://en.wikipedia.org/wiki/Charter_of_Fundamental_Rights_of_the_European_Union) a legally binding status. The new treaty would be based on the first and fourth parts of the Constitution, the rest of the Constitution's changes being achieved through amendments to the Treaty of Rome.[9] (https://en.wikipedia.org/wiki/Treaty_establishing_a_Constitution_for_Europe#cite_note-9)

In the June 2007 European summit meeting, Member States agreed to abandon the constitution and to amend the existing treaties, which would remain in force. They also agreed a detailed mandate for a new intergovernmental conference to negotiate a new treaty containing such amendments to the existing treaties (primarily the Treaty of Rome and the Treaty of Maastricht). These negotiations were completed by the end of the year. The new treaty, which had previously been referred to as the Reform Treaty, became the Lisbon Treaty (https://en.wikipedia.org/wiki/Lisbon_Treaty) on its signing in Lisbon (https://en.wikipedia.org/wiki/Lisbon) on 13 December 2007."


The politicians of eighteen countries vote yes, then two referendums - of the people - vote no. What do they do? Cancel the next seven referendums, "hold a period of reflection", get the "group of wise men" to decide to abandon the constitution and to amend the existing treaties, write it up as the Lisbon Treaty and get the politicians to sign on, which was not a hard task because they all have bright futures in the EU.

For the ratification of the Lisbon Treaty, all the politicians signed up, of course they did, they all have bright futures in the EU. I mean after all what are they going to do after politics, get a different career. Unless you are Jos Manuel Barroso, he just became Chairman at Goldman Sachs International. The first referendum they have, the Irish people vote no, so they renegotiated the Irish position. Then financial crash in 2008 happens, this put Ireland in a really bad position to negotiate as the EU were able to bailout the Irish economy, which helped the second referendum result. I would imagine quite a few nations were disappointed they did not negotiate their positions.

The UK politicians, well. "A case was brought against the UK government by Stuart Wheeler (https://en.wikipedia.org/wiki/Stuart_Wheeler). Mr Wheeler claimed the government was legally bound by an election promise to hold a referendum on the Lisbon Treaty. The government asserted that the promise was no longer valid as it was the Constitutional Treaty for which a referendum was promised, and that the Lisbon Treaty was fundamentally different in content and in nature (being an amending treaty rather than a constitution). The court could not find anything unlawful in the government's ratification of the treaty and the case was rejected. The case was appealed but was once more rejected. During the period of the trial the government refrained from fully ratifying the treaty.[128] (https://en.wikipedia.org/wiki/Ratification_of_the_Treaty_of_Lisbon#cite_note-128)[129] (https://en.wikipedia.org/wiki/Ratification_of_the_Treaty_of_Lisbon#cite_note-129)"

I think this is the kind of politic that people are pissed off with. sleep walking in to an Empire, a misguided benevolent Empire.

Cliff, can you tell me what you think the UK and EU will look like in ten years? Don't forget to factor the whole thing that happened in Turkey. For a country that has had multiple coups, one would have thought that they could do it a bit better than that. I guess that those two thousand seven hundred judges will get what's coming to them after their treasonous behaviour.

Do you understand these requirements ?

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u need to implement the stochastic indicator into the “Index” to show the oversold and overbought value of the Index. if index needs to upgrade it u need to do up gradation ... there r requirement... can u do it?

You appear to have misunderstood my post; given that I compared it to voting for MEPs, obviously I am not talking about binmen or other similar "civil servants".

May have .. Ok.. NP
But I dont think you understand the definition of "Civil Servants".
Binmen are local authority employees. NOT Civil Servants.

Jeez.. @ Kubez.. you done your research mate.. Thanks for contribution.. Im going to take a day or two to get the time to get on the same paygrade..LoL
Great post.

I just dont believe this one???
The new Foreign Sec?? Source : Reuters

"Boris Johnson refuses to apologize for 'thesaurus' of insults
British Foreign Secretary Boris Johnson said on Tuesday it would take far too long for him to apologize for the "rich thesaurus" of rude comments and insults he has directed at world leaders and others over the years.Johnson, a former journalist with a talent for trenchant comments that his critics say sometimes tip over into untruth, said his utterances over a three-decade career had often been "misconstrued"......"

this Brexit fallout thing is turning me into Victor Meldrew!

He is the most unlikely Foreign Secretary. I'm not usually one for conspiracy theory, but perhaps Theresa May chose this for him quite deliberately. It doesn't take much thinking through when even his deputy (http://www.telegraph.co.uk/news/2016/07/17/theresa-may-appoints-her-own-spy-at-the-foreign-office-to-keep-a/) calls him "Silvio Borisconi". Hilarious. She couldn't have planned his pratfall better. If he succeeds, then we all win. Marvellous.

There have been lots of views on the effect of Brexit on the City.
Its and important issue as a consequence of Brexit, given ithe Citys significant contribution to both the UK economy, tax take and UK inward investment.
According to TheCityUK, a lobby group, almost 2.2m people work in financial and related services such as accounting and the law, two-thirds of them outside London. They produce nearly 12% of GDP, 11% of the countrys tax take and a net trade surplus of 72 billion ($104 billion). Financial services have taken a third of foreign direct investment in Britain since 2007, most of it coming from the EU. Some 250 foreign banks operate in London, and over 200 foreign law firms have offices across Britain.***
Don Quijones a Wolf Street, editor recently noted that an oft-overlooked irony of the Brexit debate is the fact that the UK has been one of the biggest beneficiaries of the creation of the euro, despite not being a member of the Eurozone and holding the single currency in rampant disregard. The UK economy has certainly benefited more than most Eurozone economies.

Nevertheless it is speculative to assume that the city will be a big looser from Brexit. There are too many unknowns at this point.
However looking forward at the major threats in the immediate future .. the loss of "Passporting Rights". would rank high.
What may have gone unnoticed by those outside the Banks is that the ECB has already tried to strip Londons eligibility in key regards with regards to this.
And were thwarted by the ECJ. A Brexit City would cease to be protected by the ECJ. So it will be interesting to see how that plays out.

Be interested in INFORMED comments on this particular issue.

***Significantly London voted overwhelmingly AGAINST Brexit.

More good news (sic)

Currency market fluctuations following Britain's vote to leave the European Union will hurt corporate results in the coming quarters, possibly resulting in a negative impact of as much as $35 billion to $40 billion, according to a report from FIREapps on Wednesday.
FiREapps CEO Wolfgang Koester called Britain's June 23 decision to exit EU the latest currency crisis, and one that could lead to "significant impacts on the income statements of companies who did not prepare for Brexit."

Source:
In posting this, I make no judgement as to to the accuracy of the opinion expressed. However they appear to be be both competent, recognized experts in their field.
Make your own assessment here: https://www.fireapps.com/about/

I take no comfort from noting that Mrs May got a taste of reality today From Hollande.
And his sentiment speaks for those of a sizable number of other smaller EU countries.
"Enough with the delays.. The people have spoken .. Get on with it. and stop pissing about with delaying tactics"

And guess when the press conference was broadcast on the BBC .. what the BBC ran as a subtext on the screen????
"30% of French voters dont support the EU" ???
And now tell me that even the charter obligated "unbiased" BBC is not a tool of jingoistic forces within our society?

Were out. The people spoke. Whats the problem? Lets get on with it without the schadenfreude crap and Buyers Remorse BS thats being peddled by UK media.
This BS makes me ashamed to be British.

One can speculate that they (the UK government) try to buy some time, hoping that next year elections in both Germany and France would product winners less committed to the EU cause. But Ms May and Co. seem to underestimate the threats the delay poses to the UK's political stability. Scots would like to have their Indyref2, so this is about our Union's very existence.

Thanks Cliff, bugs the hell out of me looking all that stuff up, so time consuming.

Do you (anyone) really think the Scots would leave the UK to join the EU? What would they gain? There is probably quite a few who would like to get rid of the Scottish, then they could spend that 15 billion subsidy on the NHS :-)

Of course London voted in, how much money have they got invested in an overpriced housing market. They were threatened with negative equity.

Hollande should be more worried on what is going on in his country not the UK, didn't the PM just tell the French people that they have to learn to live with terrorism. The UK can sign '50 when they want and they should wait to see what happens with the US, French and German elections. I just don't get why the UKs' supposed friends are rushing them now and threatening them before the referendum. This is for the long haul so I don't see why they should be pressured into anything and who cares what the short term predictions are, tell me what it will be like in a couple of decades and while you are at it tell me what it will be like on the continent in a decade or two.

The "representatives" of the other 27 countries need to stop being so childish and realise this is not about them but about the EU institution and its power grab that has been forced on some of the peoples and counties in its embrace.

If David Cameron had not been so incompetent, he would have had a department working on the potential exit result since the referendum was announced.

It is a shame about the joint ventures with the EU partners, European Space Agency, CERN and all that stuff that maybe threatened, which I think the UK peoples were up for but being subsumed by an empire not so much, they do have a bit of experience in that department.

Where the PMI's go, GDP is sure to follow.

REGRETXIT -- Farmers
The NFU, The National Farmers Union which represents around 55,000 farmers in England and Wales, was against breaking with the EU from the start. Its president, Meurig Raymond, called the votes result a political car crash, warning it could lead to increased food prices due to a weakened pound and the UKs reliance on imports.The effects upon UK farmers covers a broad swath of issues—including the potential loss of subsidies, markets, and a ready labor pool—and travels across a range of products, from dairy, to arable crops, to livestock

Speaking in a House of Lords debate, John Montagu said many farmers that had voted without understanding the consequences were now in dismay over news they may not receive the same level of payouts made under the EU's Common Agricultural Policy. "There are fears that direct payments will be significantly less under the new Government because of the continuing need for austerity. ... "We have already heard that they may not."

At the moment, 73 per cent of the UKs total agri-food exports are to other EU countries, Seven out of the top 10 countries to which we export food, drink and feed are in the EU. Meanwhile, our EU partners are currently making it clear that we cannot pick and mix the single market rules, so we cannot have access to the single market without also respecting the free movement of EU citizens. Lord Gardiner of Kimble, the Undersecretary of State for Environment, Food and Rural Affairs, said he could not provide detailed answers to the questions posed. But he.. assured the house the government would strike positive trade deals with the EU.

Truth is the Government hasnt a clue what going to happen. can give Farmers NO guarantees on anything, and food consumers even less.
I assume that makes UK Farmers feel much better about their futures.

According to this Yougov poll no : https://yougov.co.uk/news/2016/07/30/brexit-fails-boost-support-scottish-independence/

Which was my hunch. Though I'm surprised to see those kind of numbers barely a month after exit. I still expected emotions to be raw.

Small sample of only 1000 people, and to be fair the pollster haven't been doing so well at predicting recently.

I read somewhere that the EU is considering putting a "break" on UK immigration for seven years. Why oh why did they not offer something like this when Cameron went to them rather than the crap he went back with? They said there would be no more deals, end of.

So there is a referendum and the British people say enough is enough. Trillions of dollars get wiped of the stock market, a country gets divided and now the EU, from what we are lead to believe, are willing to make concessions on immigration and the people that voted in, for some unfathomable reason, are blaming all the fallout on the people that voted out and not the EU bureaucrats. Change it from within they said.

SCARY BBC NEWS Post-BREXIT EXPECTATIONS POLL

1. Around three quarters of British adults (72%) say they do not trust leading politicians to do a good job of carrying out the will of the British people during the process of the UKs withdrawal from the EU, while half do not trust civil servants (50%).
2. More Britons (53%) think it is likely that the UK will no longer exist in ten years time than think England can win a major football tournament (13%).

source: ComRes

BORIS got one thing right anyway..

Hilarious! What football has to do with brexit is a mystery to me.

We bremainers have to be careful not to cheer every time the economy stumbles or the pound falls or RBS loses another billion. We want the best possible outcome and I would love to be proved wrong.

Have a good weekend, brexiters and bremainers.