The Brexit Arms

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Providing banal conversation, brexit brouhaha & the finest British banter since 2016....
(If you are in need of insightful Brexit scrutiny then Red's Threads are where it's at!)

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When you lose the 5th Largest economy from your Club.. Your really are so much in your remain crap, it's laughable,.

Wait and see who reads this correctly, as you so EU bias you see nothing else... Just because you thinks and feel it has to be Your way or the highway is the very reason it is all going to go wrong.

Vladimir Putin gladly approves mummy2017's (and his many other useful idiots') messages. Yep, let's make Europe weaker har har.

The Bank of England continually stress test's the financial /banking sector , they look at worst case scenarios and the impact of those . The main thing they look for is the capacity for the banking sector to take a massive hit and still be able to function , so in other words that they have a sufficient enough buffer to ride out worse case scenarios . This is a very sensible thing to do , I think all leavers and remainers can agree on that at least ?

The Bank of England does say that in the event of a no deal Brexit , there are certain criteria that would need to be met to ensure that banking/financial services can continue to work effectively

First, ensuring that a UK legal and regulatory framework for financial services is in place at the point of leaving the EU. The Government plans to achieve this through the EU Withdrawal Bill and related secondary legislation.

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• Second, recognising that it will be difficult, ahead of March 2019, for all financial institutions to have completed all the necessary steps to avoid disruption in some financial services. Timely agreement on an implementation period would significantly reduce such risks, which could materially disrupt the provision of financial services in Europe and the UK.

• Third, preserving the continuity of existing cross-border insurance and derivatives contracts will be necessary. Domestic legislation will be required to achieve this in both cases, and for derivatives, corresponding EU legislation will also be necessary. Otherwise, six million UK insurance policy holders with £20 billion of insurance coverage, and thirty million EU policy holders with £40 billion in insurance coverage, could be left without effective cover; and around £26 trillion of derivatives contracts could be affected. HM Treasury is considering all options for mitigating these risks.

• Fourth, deciding on the authorisations of EEA banks that currently operate in the UK as branches will be important. Conditions for authorisation, particularly for systemic firms, will depend on the degree of cooperation between regulatory authorities. As previously indicated, the PRA plans to set out its approach before the end of the year.

Anyway, here's yet another good and simple argument against Brexit...

Sorry my epic post above was supposed to be directed at Mummy in reply to her post mentioning the Bank of England , the information quoted comes from November 2017 . None of the above recommendations appears to have happened , we are now half way through February 2018 .

Just because we have not been told changes are being made, does not mean they are not happening or being planned.

Banks can move very quickly when they see their money and profits are at risk, but as they are still hoping it doesn't happen they don't publish and thoughts on a no deal.

Cardinalsin, your saying someone who has lived the last 40 years and at 55 has another 30 years of life in the UK has less rights than a teen...

Teens will adapt and as was said by Boris in his speech...
But we also need to ask ourselves some hard questions about the impact of 20 years of uncontrolled immigration by low-skilled, low-wage workers – and what many see as the consequent suppression of wages and failure to invest properly in the skills of indigenous young people.

We do not want to haul up the drawbridge; and we certainly don’t want to deter the international students who make such a huge contribution to our HE economy, with 155,000 Chinese students alone.

But we want to exercise control; and if we are going to move from a low-wage, low-productivity economy to a high-wage, high productivity economy – as we must – then Brexit gives us back at least one of the levers we need.

It may be that instead we have given them a chance to have a better working life.

I am starting to think that Brexit will fail not because half the country doesn’t want it, but because the half who do just don’t demand enough of the people implementing it.

This ^ with bells on .

"because the half who do just don’t demand enough of the people implementing it."

You mean Brexiters should demand more than the sunlit uplands, the unprecedented amounts of fairy dust, and of course the magic infinite cake? Bring it on, the 25% has the right to demand literally anything they can think of!

"the impact of 20 years of uncontrolled immigration by low-skilled, low-wage workers"

The impact has been mostly positive by most studies.

BTW 2018-2004=14 not 20. People who don't meet certain minimum standards of education should be just banned from voting lest democracy degenerates into idiocracy.

BTW 2018-2004=14 not 20. People who don't meet certain minimum standards of education should be just banned from voting lest democracy degenerates into idiocracy.

That’s Boris fucked then - since that was lifted directly from his speech on Wednesday.

*I am starting to think that Brexit will fail not because half the country doesn’t want it, but because the half who do just don’t demand enough of the people implementing it.^

Leavers have put blind faith in May et al to deliver the impossible - Amy questions on borders, customs arrangements, financial services, airlines etc are always met with “they’ll sort it out, it’s their job”.

The 52% only agree on one thing and that is the UK should leave the EU , they don't agree on how that will occur and what form that will take. As I have said before , we are going to end up with a situation where the majority of those who voted in the referendum will be unhappy with the final outcome.

'People who don't meet certain minimum standards of education should be just banned from voting lest democracy degenerates into idiocracy.'

LondonMum - everyone goes to school and gets an education! Your superiority and grandiosity shines bright and clear through your posts. Are you aware of that? Or maybe you prefer it that way.

Blind faith. For some reason you seem to think we don't see the news or read the papers.
Thinks will have to be changed, which bit of this do you think is Fairy Dust, it's so sad that some people are still so stuck in the EU-fantasy they can't accept that people are not using blind faith, they just have realised that till the all the paperwork is done, there is no way you can plan what will happen.
I am sure there are one heck of a lot of what if plans being made, but until we KNOW they really are just that guesses as to what will happen. only an idiot can fail to understand this.

She's a nasty piece of work Incanta, I just scroll past her bollocks now.

"LondonMum - everyone goes to school and gets an education!"

Yet, at the end of it, some people can neither use the language properly nor do basic maths. Should they be allowed any input into complex decision making?

@FaithHopeCharityDesperation has been owned too many times in basic arguments, she can't help herself. How did the conversation end last time? "You fucking bitch!!!!"? Just take the meds on schedule and calm down please.

Yawn.

Perfect, the meds seem to be working...

In work in education.

everyone goes to school and gets an education

If only that were true

......I just scroll past her bollocks now