We can hope, eh, we can hope

Exasperation with May’s handling of Brexit is growing in Brussels as senior insiders put the chance of the UK crashing out without a deal at “more than 50%”.

49 thoughts on “We can hope, eh, we can hope”

  1. It all goes back to the fundamental lie of the referendum which was that we could leave the EU without any economic damage and furthermore we could blame all our woes on anyone foreign.
    This could never be delivered and now i have to listen to smarmy Gove deploring the damage that No Deal will do to Farming and much more as if he was not to blame
    On top of that he regrets the inability of his “good friends” to stand the company of people who prioritize ethnic purity over services prosperity security and fundamental Western Liberal values

    What sane person could?

    Never mind eh ..better than Corbyn … so is having your nuts fed to a food blender but thats what you get when you live in a political cartel

  2. When it’s not a disaster Remainers will tell us that it wasn’t a disaster only because “the governments & businesses took measures to avoid disaster” as if we all thought everyone would just carry on as normal. That’s their excuse for it not being the end of the world following the referendum.

    That Leavers have said all along that adaptions would be necessary will be denied or ignored.

  3. One very odd development is that the UK has allowed passporting in from the EEA unilaterally and so have Germany France and Spain all , presumably, despite WTO problems
    I don`t personally think there is any way to avoid a longer term poorer trajectory but I do hope we can avoid such a shock as to tip the UK into another step change in the National debt .I`m not convinced it can be done again

    Dongguan John- I think you are referring to the post referendum recession which did not come . yes it was on it s way and yes measures were taken but they are not without cost
    The UK now has far higher debts than it would have had for a start – that is taxing my children to pay for your hobby

    Cheers !

  4. If you’re a remainer predicting Brexit will be a disaster, given that you’ll have the Prime Minister and the Chancellor desperate to make it so, you may well be proven correct.

  5. “The threat is usually more terrifying than the thing itself.” Imagination and ego can dream up many more consequences than any activist.

    Rule 9, Saul Alinsky.

    Applicable to no deal Brexit.

  6. Given that Phil is pressing ahead with changing the VAT system the day after Brexit and has resolved that it is not the Government’s job to advise businesses how to comply, I think his plans are well advanced on that front.

  7. Lefty children, like their lefty parents, rarely pay enough tax to pay for all they receive from the state, let alone subsidise anyone else. Us 1%ers, however, are expected to pay for lefty hobbies such as meaningless climate change measures, art grants, etc.

  8. Newmania’s kids are paying for me to go scuba diving! What’s your email mate so they can get my PayPal details?

  9. DJ- yes i’m with you on that, i am worried about Hammond though, he doesn’t want to do the necessary and has the motive and means to prove himself right.

  10. The BoE dropped interest rates to 0.25% causing the pound to tank further. When the sky didn’t fall in and it was increased back to 0.5% idiot remainers in the Guardian were complaining that ‘Brexit’ is causing their mortgage payments to increase because of the rate rising back to pre referendum levels.

    What other measures were taken?

  11. It was not the drop in interest rates it was the cancellation of the long trailed normalisation of interest rates, which was supposed to have them back to about 2.5% by now
    Its only my theory but for what it’s worth I think the prior expectation of an end to the mortgage holiday was the key point
    On the fiscal side George’s trajectory was abandoned by Hammond to the tune of an additional; £200bn or so
    Personally I was amazed at how serious the sheer fear of Brexit was but then I hadn`t really ever considered it as the, main issue
    The main thing is that the Uk is now the worst place in Europe for any Europe facing business and at a significant disadvantage in dealing with the US and China due to its weak position. Large companies can often work around it and pass on costs but why would you start up here ?
    The government’s own projections look conservative to me but relative decline of the sort we had prior to entering the EEC seems probable. A stop on the young and energetic coming here is all bad news and the reputation of the UK as backward unstable country is all bad news as well

    On the plus side ….um…….errrm ….I get the right to choose between two parties I hate knowing it doesn`t matter what I do anyway and about 1% of the Public funds disbursed EU will now be disbursed by the UK government

    Excellent !!!!

  12. the cancellation of the long trailed normalisation of interest rates, which was supposed to have them back to about 2.5% by now

    Utter bollocks.

    the reputation of the UK as backward

    Your semi-literate ramblings are more likely to build that reputation than Brexit.

  13. “the reputation of the UK as backward unstable country”

    Let’s set that against how well things are going across the EU shall we?

  14. “It was not the drop in interest rates it was the cancellation of the long trailed normalisation of interest rates, which was supposed to have them back to about 2.5% by now”

    Lets have a look at the interest rates in the Eurozone then. They surely must have risen since 2016 as they follow the same normalisation process Newmania mentions above, unaffected by Brexit troubles:

    https://tradingeconomics.com/euro-area/interest-rate

    Oh. Eurozone interest rates are still zero, and have been since early 2016.

    How about Brexit ravaged Britain’s interest rates since 2016?

    https://tradingeconomics.com/united-kingdom/interest-rate

    Ah, a drop post Brexit vote in 2016, followed by several rises to their current rate of 0.75%.

    How can this be? Perhaps the figures are wrong. Or Newmania is full of shit.

    You decide……….

  15. Did Mr Carney run around Europe promising to increase their interest rates sand then not doing so due the threat of Brexit recession ?
    You know I don`t actually think he did.

    Generally the Uk has certainly fared comparatively well , compared to its neighbors , whilst in the EU two large factors have been the fact we have had fewer old idlers to leech of the working population and a smaller welfare state generally

    Happy days

  16. reputation of the UK as backward unstable country

    This exists in only the demented minds of deranged Remainers who can’t cope with Brexit. I, as many others on here, live abroad and actually meet foreigners every now and again and know it’s bullshit. Other than Europeans most seem to think it was a good idea. The EU isn’t exactly popular and oozing soft power.

  17. If interest rates were at 2.5% the same soft lefties who are deranged about brexit would be crying into their cornflakes about their mortgage bills and the negative equity they were in.

  18. ‘UK crashing out without a deal’

    Is this similar to the UK leaving without a deal?

    “reputation of the UK as backward unstable country”

    Lefties are 8 year olds. Who gives a fvck what the other kids think of you?

  19. Jeez, if you can’t absorb a 1.75% increase in mortgage rates from the current level, your house is too expensive and you should have bought something cheaper…

  20. Newmania.

    You really should give up trying to flog your warmed over Project Fear 2.0 bullshit here (or are we up to version 3.x yet)

    It’s not just that we don’t believe it, never have, never will, it’s that it strains even our limits of incredulity.

    BRExit is going badly because it is being handled by the idiots of Remain who never understood the point in the first place so have no idea what they are trying to achieve.

    Treason May appears sincere in her efforts to achieve BRExit, but she’s making such a hash of it that many of us think its deliberate.

    Truth is we’ll have to see where things go and hope that the fear of an electorate bloodbath at the next General Election will coax the traitors of remain into at least “doing the right thing” even if it is only for appearances sake before their constituents.

  21. “Generally the Uk has certainly fared comparatively well , compared to its neighbors”

    And how can this be, if Brexit is the equivalent of a nuclear winter, economically speaking? How come Brexit ravaged Britain is ‘faring comparatively well’ to its immediate neighbours, if the decision it took in 2016 was going to have such an immediate catastrophic effect on the economy?

    Face it, we were lied to by the Remain side to try and scare people into voting to stay, and it didn’t work. Now no-one believes the BoE (or Mark Carney to be more exact) because they’ve been caught with their pants down making purely political predictions.

    And its no good saying ‘Oh but its only down to the wonderful efforts of MC and Co that catastrophe has been averted!’ because if that were the case (that he could avert the catastrophe he was predicting by taking certain steps) then the original prediction was lies – whatever negative effects of a Leave vote might have been, they could be easily ameliorated by some swift monetary action. As they have been, even if we agree with you.

    So by your own argument, you’ve proved that the Remain camp were talking out of their arses, and their predictions of catastrophe were complete and utter lies, of the Goebbels type.

  22. My mortgage rate doesn’t change.

    Current mortgage rates vary. Has no effect on me.

    “idiot remainers in the Guardian were complaining that ‘Brexit’ is causing their mortgage payments to increase because of the rate rising back to pre referendum levels.”

    So are they stupid or lying?

    K. Doesn’t really matter.

  23. Jim , we have done rather well compared to our neighbors whilst in the EEC/EU but prior to that we did relatively badly ., hence being called the “sick man of Europe ”
    John I think that Thersa May is only concerned with avoiding immediate and visible consequences, I do not think she cares about the long term structural weakness isolation brings

    By the way I am no a leftie -I am a center rightie ..so to speak

  24. You are WOMI EU sucking scum Facepainter regardless of your twisted and treasonous delusions.

    With such vermin numbering 2-3 million in this nation I increasingly think they need to be expelled to their EU paradise as “loyalists” after the American War of Independence were booted out to Canada.

    There can be no reconciliation with traitorous and tyranny- slurping cucks and human sewage.

    Also –Acrylic-Face seems to be getting less coherent by the post. The eye just skids off most of the addle-brained shite he types rather than seeking to answer his demented spume.

  25. @Gamecock
    My mortgage rate doesn’t change. Current mortgage rates vary. Has no effect on me.

    A significant difference between the UK and US mortgage markets is that most UK mortgages are variable rate, and most US ones are fixed rate.

  26. I did not vote for a deal and, while it would be a stretch to say that I am indifferent to the economic consequences, I did not vote to leave on the basis of an economic analysis nor even on the basis of economic concerns.

    I voted to leave, as I decided when I saw the 1992 rerun of the Danish referendum, and repeatedly redecided every time the same bastards did the same thing in, if memory serves, Ireland, France, Holland, because I’d concluded the EU is epochally dangerous. It is built on contempt for popular feeling. Well, say what you like about popular feeling. My heart is baffled by Simon Cowell’s riches even as my head reminds me of Mencken’s warning. Say what you like about democracy as practised in the West. My head is bamboozled by people who cannot and will never pay their way being given the vote to help themselves to the fruits of others’ labour … but my heart says: whatever its faults, it has one unquestionable virtue as a pressure valve for popular discontent. Take that away, and you’ve got big, big trouble.

    So, no deal. Fine. Economic disaster. I doubt it, but ok. Above all, if we are to governed, allow us the ability to sack our governors. And that, messieurs, dames, is Leave.

    By the way if, approaching the end of March, it really looks like (fingers crossed) there won’t be a deal, I shall rather enjoy watching BMW applying the thumbscrews to Druncker.

  27. “I do not think she cares about the long term structural weakness isolation brings”

    Being fucked over by the French and the Germans on a regular basis is better? You’re a coward and a moron.

  28. @Grist February 25, 2019 at 11:06 am

    Phil is pressing ahead with changing the VAT system the day after Brexit

    Link please

  29. @Edward Lud February 25, 2019 at 6:52 pm

    By the way if, approaching the end of March, it really looks like (fingers crossed) there won’t be a deal, I shall rather enjoy watching BMW applying the thumbscrews to Druncker.

    They tried, Merkel said “nein, ze brits must suffer, you must accept your pain for fatherland”

    I read Bavaria & north Italy want bi-lateral deals with UK

    .
    Food – Gove has confirmed there will be import tariffs

  30. “Phil is pressing ahead with changing the VAT system the day after Brexit – Link please”

    I think he’s referring to the Making Tax Digital changes that come into force on 1st April this year, whereby people will have to have a more formal system for submitting their VAT data to HMRC than they do currently, which consists of logging into a Government Gateway account and typing the data manually into a form. Basically everyone who does their books via spreadsheets or even manual ledgers will have to have a fully digital system in place, which means a lot of small businesses will be forced to spend money on new software etc. Its causing a lot of stress among small businesses who up to now have not needed such complicated accounting systems.

  31. They tried, Merkel said “nein, ze brits must suffer, you must accept your pain for fatherland”

    It’s a strange one. On the one hand, the Kraut industrial gauleiters seem to carry a lot of weight in Euroland. On t’other, they’re apparently blissfully unconcerned about the willful destruction of Germany’s electricity generating capacity under Frau Ferbissinau, which you’d think is pretty important to people who run factories.

    Maybe they’re all planning to decamp to Turkey or something.

    Gove has confirmed there will be import tariffs

    Any truth to the rumour that “Gove” is Doric for “wee sleekit jobby”?

  32. Jim

    It’s also rather important that the Treasury have stated that it’s not their job to enrol businesses into the new method.

    So the people demanding the money with the threat of as yet unspecified fines and punishment do not think it is their job to tell people how to pay them the money or even tell them it was changing in the first place.

    Guaranteed to fail or what?

    If you rented a property and your landlord was changing the way you paid your rent, but he wasn’t going to tell you that but nevertheless if you got it wrong he was going to fine you, would you think that was reasonable?

  33. Yeah, but yeah.

    All governments are protection rackets. It’s just that ours is now administering the punishment beatings to the people who pay its rents.

  34. Newmania,

    Jim , we have done rather well compared to our neighbors whilst in the EEC/EU but prior to that we did relatively badly ., hence being called the “sick man of Europe ”

    When was the last time we were called the sick man of Europe? My recollection is back in the ’70s.

    It applied to Germany in the late ’90s and if it applies to any European country now I think Greece, Italy, possible Spain and Portugal and maybe even France are ahead of us in the queue.

  35. Chris Miller,

    A significant difference between the UK and US mortgage markets is that most UK mortgages are variable rate, and most US ones are fixed rate.

    Aren’t some/most US loans also non-recourse (jangle keys) or did that change after the crash?

  36. May is going to delay Brexit and kick the can down the road. It’s time to destroy the Conservative Party, frankly.

  37. “May is going to delay Brexit and kick the can down the road. It’s time to destroy the Conservative Party, frankly.”

    Well there’s one good thing about the Remainers kidnapping Corbyn and forcing him to back staying in the EU, and that is that there is now nowhere in any of the usual parties for Leavers to go, so they’ll have to vote for someone else, be that Nigel’s new gaff, or UKIP or whoever. There’s 17m leavers looking for a new home, hopefully now there’s no nurse to hold on to, they’ll decide to make the jump to a new party entirely.

  38. Trevor Weather Clever

    I support a united Europe. To give Europe geopolitical security. A weak and divided Europe is ripe for being a proxy playground for Trump extreme right wing geopolitical games.

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