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🚶 Brexit - Are we on the verge of a No-Deal Walk-Out? 🚶

2,777 views · Published 9 October 2017 · 5:33 · Indexed 28 October 2026

Channel: Jeff Taylor · 2017 · News & Politics

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Theresa May has today told the EU that the Brexit negotiation ball is in their court and is expected to publish outline legislation on the way ahead for EU/UK relations.

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In a move that many believe could be the signal that the UK is ready for a no-deal Brexit, the prime Minister not only put the onus on the EU to play ball, she is also expected to publish the UK government’s expectations on our future relations with the EU before trade talks even begin.

But the EU’s response was that Brexit is not a ball game and to keep on insisting that the UK must agree to ECJ oversight after Brexit, a solution they like for the Ireland border question and of course to pay as many billions as the EU is minded to demand so that they can keep their project afloat.

As I’ve said before, the UK has bent over backwards and our PM has offered more to the EU that a. they deserve and b. the people want her to give away. The EU has not given an inch and just expects more and more concessions to be made while they sit back and watch.

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As for Nick Clegg saying the UK ‘caused this problem’ by voting to leave so it’s up to us to sort it out, my real thoughts are unprintable. The EU became a monster that the UK did not want to continue to be a part of, we joined a common market and were fooled into staying in a fledgling superstate within which we have no say. The EU caused the problem aided and abetted by our politicians who were less than transparent with the people of the UK. We are right to leave.

Now, according to the Express, the Economist Intelligence Unit says that EU member states hold all the cards in the Brexit negotiations and that many want to punish the UK for leaving.

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As far as I’m concerned though, this works against them. At the end of the day, we also have to agree to their deal - they cannot impose one on us. So if we don’t agree, we walk without paying their billions and they will have to explain to their exporters who rely on this lucrative UK market why they have to now factor in the the cost of import tariffs to sell into the UK on top of telling the net contributing nations to cough up more dosh to keep their project afloat. That’s up to them.

You also realise that you are on the right path when Hillary Clinton breaks into the Brexit game with a tirade to the Sunday Times and attacks Brexiteers of having small village ideas and voting against a modern Britain.

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‘Can the Euro be Saved’ by Malcolm Sawyer, Emeritus Professor of Economics at Leeds University Business School - http://amzn.to/2hcmX1C

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Then you find out her claims were all made around the launch of her new book - a tome I will be avoiding. ’Nuff said.

Oh, and one small pice of interesting information.

We keep being told that Brexit caused the pound to drop, when nothing had actually changed except the view of currency speculators looking for a quick buck.

But what the Remainers don’t want you to realise is that one of the significant forces in foreign exchange prices is trade imbalances.

Yes, you’ve got it, countries that run big continual trade deficits face downward pressure on the value of their currency.

When goods are imported, the British pounds they use don’t generally go abroad.

Those pounds are exchanged on the foreign exchange markets for the seller’s currency of choice, usually that of where they are based.

So, if we keep buying more in than we export it means more people are trying to sell Sterling than buy it.

And then under the normal actions of a market place the home currency falls in value. Don’t believe 
me? Then use your favourite search engine, or check out the link in the description box below.

Now, I’m not saying that’s the only factor, as there’s obviously things like interest rates. This is just one factor of many, but what gets me is that successive governments have known this all along but have been content to let our ability to make and export stuff slide. And the EU has been of no use in this respect either.

You could be forgiven for thinking that this was being done on purpose to get us into the Euro, but of course we all know better than that … don’t we.

Brexit will soon concentrate our minds though, and then we can work at getting back to a balanced economy and work-force.

What do you think?

Please leave a comment below, thank you.

http://www.express.co.uk/news/politics/864154/Brexit-news-eu-latest-eu-member-states-punish-UK-Michel-Barnier

http://www.investopedia.com/ask/answers/041515/how-does-balance-trade-impact-currency-exchange-rates.asp

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