Brexit benefits - where are they?

I really wished that more people had the information that you have. One exception remains: can you please not tell anyone in the EU that the EU is bankrupt? You seem to be one of very few people with that knowledge.

Just for curiosity: does the UK have a “biggest” market and if yes, which is it?

Thank you in advance

It (the EU) has negative % growth and it’s been in decline for the last 15 to 20 years or so. The protectionism of the single market has done irreversible damage to global trade within the EU.

The fastest growing country in the G7 last year was the UK by the way. How is Germany (the EU financial powerhouse) doing ? or France, or Italy ? (the other 24 member states I don’t care about as they aren’t net contributors). The UKs contributions are declining, soon you won’t get a penny.

The UK doesn’t have a “biggest market in the world” although we are very strong in services, especially financial services. We are also huge in fintech, medical, legal, technology and pharmaceuticals. Just because you don’t have a country with “the biggest” market doesn’t mean you don’t count against countries that do (such as China or the USA). The UK is the 5th (or 6th depending on which way you look at it) biggest economy in the world. Germany is the only EU member state that is in front of the UK, but that looks to change as it goes into recession because of the energy crisis (caused by stupid net zero policies). To make matters worse, the EU cannot now impose its carbon border taxes now that Germany is burning coal again (like China and India and the USA) and the COVID recovery bill looks to further damage its ability to keep the EU afloat because the ECB needs to recover the €2 Trillion - the lions share coming from Germany, which is going into recession, if not in recession.

On top of that, all the UKs markets left the EU single market in 2019 and “treasure island” (as the EU calls it) is about to sign up to CPTPP.

Do you honestly believe a UK Brexit negotiator would not bring any files with him and the proof is that photo ?

Reported in papers like The Independent (remain) and The Guardian (remain). Just another stupid stunt by the MSM

If you remember, Barnier used to deliberately show the front cover of his papers with all sorts of stupid information about this deal, that deal to try and wind up the remainers in the UK. All David Davis did was do what he was supposed to do and protect confidential information from the public until the government and the EU was ready to release it.

If you look at the photo it seems the EU negotiators and Barnier have different amounts of information anyway - someones not in the loop are they

Well, many truly believe that Mr Dave Davies is not the brightest light bulb in the living room. Far from it. But then he shares that (lack of) talent with many of the government’s MPs. It’s as if their MP selection process (and Johnson’s cull) has been focused on intellectual constraint. And lap dog nodding. See the soon to be damaging EU Retained Law bill that these dumb dogs voted through. Is this another Brexit (non)benefit?

https://12ft.io/proxy?q=https%3A%2F%2Fwww.telegraph.co.uk%2Fbusiness%2F2023%2F03%2F09%2Fbrexit-freedoms-make-uk-magnet-highly-skilled-migrants-says%2F

Brexit freedoms have made the UK a magnet for highly-skilled migrants, according to the Organisation for Economic Co-operation and Development (OECD).

Its data showed that abolishing quotas and red tape after leaving the European Union has enabled Britain to lure more global talent.

The international organisation said the UK enjoyed the largest improvement in “talent attractiveness” in 2023, moving up nine places to 7th since 2019 and climbing above the US and Canada for the first time.

The number of non-EU, non-visitor visas issued has almost doubled since 2016, according to Home Office data. This comes amid a shake-up of the UK’s immigration policy that has seen far more people come to the UK from outside the EU.

The OECD also described the UK as “leading start-up nations, with very strong entrepreneurial cultures and many unicorn companies created in the past decade”.

Good evening,
what I believe is of no importance. I btw did not claim that the photo you posted is of any proof. As I try to refrain from speculations and whataboutism (instead of evidence) I asked for the favor of presenting some proof. It is absolutely okay that you do not have any, the matter is not very important anyway.

Sometimes there are pictures published of politicians rushing by when leaving their car intending to enter some building. Have you noticed that often these people carry only exactly one paper file in their hand? That appears strange to me as I would (judging from my habits) to have a briefcase with me and not a single paper file containing possibly confidential information. Hm, what does this tell me?

You are being convoluted. :smiley:

Saying David Davies is not very intelligent isn’t doing you any favours. You might want to go through his career where he worked his way in a multinational company up to Director level (one of the youngest ever to achieve it) and even wrote a book about how to turn companies around. Compare that to the gravy train of career politicians in the EU who have never hired anyone, fired anyone, done a VAT return or had to make a decision on their own.

Massive benefit reversing laws that hold the UK back. Reforming a lot of the financial rules will help us too, like Solvency II etc.

Why should we follow EU laws when they don’t work for the EU never mind anyone that isn’t part of it. All EU laws do is make countries less democratic and move power to unelected bureaucrats who want to control the people, remove national identity and turn Europe into a socialist superstate.

It tells you that most people use electronic documents and laptops.

This has deregulation and financial risk written all over it. And it will only be the start of deregulation of UK’s finance sector as the UK gets desperate for any sort of growth. In 10 years time this will cause another financial crash. Always does.

I’m not arguing against that. I’m pointing out that changing (or hoping their disappearance won’t be an issue) of thousands of laws & standards in a window of a few months is insane. Mistakes will be made. Pressure groups and lobbyists will affect changes that will not be fully considered. None of this will be debated - minister will have authority to make the changes. This looks like massive risk of (1) open to dubious influence, or as we like to say, corruption, and (2) a big pit of problems waiting to trip everyone up in the future due to oversight (due to panic work through the coming few months).
Changing laws and standards in a measured way could well be beneficial if done with adequate planning and review.
BTW, what is the basis in regulation & standards for our current trade agreement with the EU?

Deregulating our financial sector was one of the reasons we voted to leave. The only financial crash you should be worried about is the collapse of the Euro in less than 10 years. ll that QE from the ECB has to be paid back and you don’t have a centralised treasury to do so and you can’t adjust your exchange rates… ouch !

Deregulation doesn’t mean no regulation, a free market economy means improving regulation so the markets work better and can better regulate themselves. You on the other hand have a convicted criminal running the ECB … ouch !

EU laws are designed to prevent free market economies, promote protectionism and socialism (through taxation without representation) and to encourage corporations to move to Germany. We voted against it.

Just because we are getting rid of thousands of EU laws doesn’t mean the UK would end up without laws and gaps in our legal system. Thats simply absurd, we simply burn the ones that don’t apply or are just silly (such as a lot of the single market rules) and reform the ones that do over time.

On your last question… as far as regulations and standards are concerned, tell me which part of this you want me to explain - goods or services, they are two different things. There is no EU single market for services but there is for goods . Or did you mean the UK single market, customs union, common currency, centralised treasury etc (the one thats finished). ?

I do not think so. Do those politicians really have nothing else to carry around than exactly one paper file? Seems unlikely to me.
On the other hand there are many things that politicians do/say which seem very unlikely to me. :man_shrugging:

https://12ft.io/proxy?q=https%3A%2F%2Fwww.telegraph.co.uk%2Fbusiness%2F2023%2F03%2F10%2Feu-has-lost-grip-economic-superpower%2F

The EU has lost its grip as an economic superpower

The bloc’s clout is gone – and it is difficult to see how it will claw it back

They were but this is changing. Unless they are tourists they will need to prove settled status. If it doesn’t happen then it’s more about the chaos the tories have inflicted on the Nhs than anything to do with the Eu.

difficult to understand why you would see this as a good thing?

So how exactly does this work to improve regulation? Do you have any details as to the process?

While you answering Annie, could you explain how a market regulating itself will work safely? Surely the whole problem of the 2008 crash was misjudged and unregulated behaviour? I note that the regulated Canadian banking sector did not have to bail out banks (or watch them collapse). I note that Barings collapsed because its self-regulation was woefully poor. There is one simple lesson from banks - they chase easy money and ignore risks while money is being made. Unlike other industries, when banks fail we all suffer. They absolutely do need to be regulated by governments because its governments that bail them out.

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It’s how free market economies work. When the state intervenes in the markets too much it always ends in disaster.

Like I said I didn’t mean no regulation, I meant deregulation - EU single market rules (such as the state aid rules) have been devastating for UK industries. Just one example.

Governments are crap at running services and even worse at inventing things - nothing gets done and invariably it ends up over budget and a crap outcome. HS2 is a classic example, the SNP’s ferry disaster another.

The baking crisis (it wasn’t a global crisis either before you start) happened because the banks hadn’t ring fence retail lending from high risk banking, so when the subprime mortgages collapsed it took retail down with it. We have regulators for a reason - the government in this case (under Gordon Brown) and the utter failure of him as chancellor and prime minister to intervene caused firstly, the collapse of Lehmans, Freddy Mac and Fanny Mae which then collapsed Northern Rock over here with the rest of the banking sector to follow which the taxpayer had to bail out at the last minute.

No more government over-regulation please, let’s have more independence.

And like I said - I didn’t say no regulation, I said less government regulation and to deregulate from those that negatively affect the UK.

Yes but the problem is self regulation has repeatedly shown not to work. Financial businesses, and more significantly the highly rewarded working in them, always aim to work around the regulations in order to make lots of wonga. This is always accompanied by risk - but it is always a risk that lands on the lap of the government (that is, my pocket and your pocket). Your solution is inherently flawed and certainly leads to another crash.
You r faith in the markets is simplistic and alarming. It shows you believe “the market is always right” hype and do not look beyond the hype. Crack on son, I’ll not change your mind. But I’ll know for sure that your thinking and believes in this specific instance are just plain wrong. All the evidence and all our bitter experience says so.
PS I note that you’ve nothing to say about the excellent self-regulation that Barings employed. Just admit you don’t grasp this issue.