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Brexit turmoil

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 I am of the Opinion now that the banko central will not let the rate be as bad as we are all thinking, There is Too much at stake for the Philippines to mess too much taking into the Amounts sent home by the OFW's , Brexit will not affect the Country I believe but the People and the Revenues? well that is Different, read the link for the Loss that could be incurred if the BC don't keep a keen eye on things and make sure the locals are protected.;

https://www.loansolutions.ph/blog/why-filipinos-overseas-filipino-workers-care-brexit/

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My personal opinion of the EU is it is now a very corrupt organisation ! When the UK joined what was then  the EEC every thing was fine basically, but nobody back then except a few corrupt politicions  knew the real plan behind the EEC! Slowly over the years the EU emerged as it is now, the EU is run or controlled by a group of members from the European Peoples Party, and this party has the most seats in the European Parliament , and its Members include Junker,Tusk,Merkel, Barnier,Weber,Selmayer.Varadkar,Rutte.

There is only 1 EPP party member from the UK and he is Anti Brexit.

The EU will do all it can to make things bad for the UK, but what they are ignoring is the fact that EU member countries could also suffer through loss of trade with the UK. I used to work at the Eurotunnel and the amount of HGV traffic from the EU is roughly  75% from the EU 25% from the UK ! But the EU Elite seems to be ignoring this fact with the threats of HGV delays , which will eventually meaning the UK will turn away from the EU for many things, and import more from the US,Australia,China and Asia. Oh  The poor French farmers !

 

 

 

 

 

 

 

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1 hour ago, expatuk2014 said:

My personal opinion of the EU is it is now a very corrupt organisation ! When the UK joined what was then  the EEC every thing was fine basically, but nobody back then except a few corrupt politicions  knew the real plan behind the EEC! Slowly over the years the EU emerged as it is now, the EU is run or controlled by a group of members from the European Peoples Party, and this party has the most seats in the European Parliament , and its Members include Junker,Tusk,Merkel, Barnier,Weber,Selmayer.Varadkar,Rutte.

There is only 1 EPP party member from the UK and he is Anti Brexit.

The EU will do all it can to make things bad for the UK, but what they are ignoring is the fact that EU member countries could also suffer through loss of trade with the UK. I used to work at the Eurotunnel and the amount of HGV traffic from the EU is roughly  75% from the EU 25% from the UK ! But the EU Elite seems to be ignoring this fact with the threats of HGV delays , which will eventually meaning the UK will turn away from the EU for many things, and import more from the US,Australia,China and Asia. Oh  The poor French farmers !

 

 

 

 

 

 

 

I don't think the EU is ignoring the negative consequences of the UK leaving - that's why they are making it hard for us to do so! 

I have no idea about the HGV split, or general trade split but I've not seen much contradiction when the EU claim the balance is strongly in their favour. 

Yes, leaving the EU may enable us to trade more freely with other parts of the world but will this compensate for the loss of EU trade?  UK business leaders don't think so.  I'm not sure which poster mentioned it, but it's better to listen to business leaders than politicians when it comes to the business impact.

Regardless, it has all the makings of a Lose-Lose scenario.

 

 

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32 minutes ago, hk blues said:

  I'm not sure which poster mentioned it, but it's better to listen to business leaders than politicians when it comes to the business impact.

Listen to all, then make your own decision.  A business leader may know how to put more money in his own pocket but will it trickle down to the commoner?  A politician may know that support for his position means job security for him.

When any organization has a few making the monetary contributions for the many then it will not last long if the ones paying the bills quit.  How long do you think the EU will last without any UK money?  The only question on my mind is:  Who is next to leave?  When you can answer this then you have the UK's first European trading partner and the rest will soon follow.  IMHO.  But I could be wrong.  President (name withheld by forum) said the USA did not need any trade agreements that were not favorable to the US economy and the US economy is growing in leaps and bounds. Make UK Great again.

Edited by Dave Hounddriver
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1 hour ago, Dave Hounddriver said:

Listen to all, then make your own decision.  A business leader may know how to put more money in his own pocket but will it trickle down to the commoner?  A politician may know that support for his position means job security for him.

When any organization has a few making the monetary contributions for the many then it will not last long if the ones paying the bills quit.  How long do you think the EU will last without any UK money?  The only question on my mind is:  Who is next to leave?  When you can answer this then you have the UK's first European trading partner and the rest will soon follow.  IMHO.  But I could be wrong.  President (name withheld by forum) said the USA did not need any trade agreements that were not favorable to the US economy and the US economy is growing in leaps and bounds. Make UK Great again.

Brexit is not as simple as listening to both sides and forming an opinion though.  We are dealing with the unknown and there is no precedence and either position has a myriad of sub-plots which make it way too complicated for most of us to fathom.  That's why it has taken the technical guys (not the Politicians B.T.W.) so long to come up with a poor plan.  I sincerely doubt any of us are capable of forming a reasoned opinion at this time.  That's why, IMHO, the whole Leave/Remain vote was flawed - we now see people saying I didn't realise leave meant X Y Z!

There are good business leaders and bad business leaders and the same with Politicians.  The key difference (IMHO) is that a bad business leader tends not to survive as long as a bad politician.  It's perhaps not so much which one we trust most as much as which one we mistrust least.  Sad but true.

The EU will last without UK contributions, undoubtedly.  But, they will likely have to scale back their projects/schemes etc.  As for who is next to leave - well, who knows?  There are a few who seem ripe to do so but it will much depend on how the UK fares in the medium term.  For that reason, I don't see anybody leaving anytime soon.  As for the obvious choice of trading partner for the UK post-Brexit (like we have the luxury of choosing)  the USA - President is not following his predecessors and I'm not sure he sees the UK in the same light as others did.  I wouldn't be pinning our survival hopes on the USA.

Honestly speaking, I doubt anyone can predict with any accuracy how things will work out at this time.  It really is a case of a leap of faith - that's what we voted for and what we will need to make.  One thing's for sure, those who will suffer most will be Joe Public and those who gain most will be those further up the ladder. 

 

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