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Some interesting pointers why Singapore on Thames is unlikely to happen (despite the fantasies of the ERG and their ilk)

Boris Johnson comes to power just as free market economics is going out of favour…

#Brexit #UK #EU #politics #economy #capitalism #deregulation #trade #freemarkets #business
Boris Johnson comes to power just as free market economics is going out of favour…
 
But hey, it's what the voters wanted, adding fuel and complexity to an already challenging disruptive global scenario.

Another groundhog year of Brexit ushers in a decade of disruption

#Brexit #UK #EU #politics #economy #trade #growth #Asia #USA #disruption
 
A bit of education on Christmas eve by the Guv. Once you've watched you'll be ready to participate in all kinds of discussions on t'interweb. So there. Better watch and learn.



#finance #economics #business #globalfinance #economy #education #guv
 
The problem is that tariffs are mostly quite low and therefore largely irrelevant anyway. What matters is regulatory alignment, similar rules, a level playing field, recognition of standards and all those things. All of which the UK will largely lose with leaving the EU. But that's something that won't go into the heads of politicians thinking in terms from decades ago

Brexit: Free trade deals 'won't offset leaving EU'

#Brexit #UK #EU #politics #trade #deal #tradedeal #economy
 
Silence. Tumbleweeds. A big void.

https://twitter.com/Doozy_45/status/1202372967029727232?s=19

#Brexit #UK #EU #politics #deals #economy #business

Twitter: Matty 🇬🇧🇪🇺 on Twitter (Matty 🇬🇧🇪🇺)

 
Let's just trade on WTO rules, they said. That's easy, they said. No bother at all, they said.

Australia and others ask for Brexit trade compensation

#Brexit #UK #EU #politics #trade #economy #WTO #Australia
 
Looks like the Brexiteers are pulling out Project Fear. Big time. £10 trillion is around 4-5 times the entire British economy. Which is going to disappear over night. Yeah, right....

https://twitter.com/DmitryOpines/status/1189936533803012096?s=19

#Brexit #UK #EU #politics #ProjectFear #lies #propaganda #Economy #Tories #Labour

Twitter: Dmitry Grozoubinski on Twitter (Dmitry Grozoubinski)

 
And yet the Tories proclaim to be the party of business and the economy.. Then why are they so desperate to make the country poorer?

Brexit deal means ‘£70bn hit to UK by 2029'

#brexit #UK #EU #politics #economy #poorer #Tories
 
Good summary on what leaving the EU means even with a "free trade" deal: A lot more bureaucracy and red tape. A lot. What a lot of people don't understand is that tariffs are comparably negligible these days, the real problem is all the documentation, the rules and related areas which create friction. And friction in trade costs money. A lot of money. Not to mention it reduces competitiveness.

Let's say there's a widget maker in Germany. It needs a part for its widgets. Two suppliers in Europe can provide them, one in the UK, the other in France. Both offer very similar prices.

Our widget maker has a sudden spike in demand and urgently needs more parts. One phone call in France and two hours later the lorry with the parts arrives. The UK supplier however has its lorry stuck at the border, may be because there's a border agent strike or because there's a problem with the certificate of origin or because there's an issue with some other paperwork or because you have to register your shipment 24 hours in advance. Or the widget maker has a problem integrating the part into the widget. One phone call in France and an engineer arrives the next day to sort out the problem and as certifications within the EU are recognised signs off on it. The UK engineer in the meantime is applying for a work permit, which takes 48 hours to process. Once that is sorted he arrives 3 days later and fixes the problem. Except that it then turns out he doesn't have the necessary certifications, so the widget maker has bring in an additional engineer from Germany to sign off on the work the UK engineer has done.

Which supplier is the German widget maker more likely to pick, the French or the UK supplier?

#Brexit #UK #EU #politics #trade #frictionless #business #economy #tariffs #redtape #bureaucracy
reshare from @harry haller

Why Boris Johnson’s EU deal would actually mean a hard Brexit | The Independent a free trade agreement expressly does not mean that the UK retains all of the free frictionless access it currently enjoys.

#uk #eu #brexit
 
Not that the Brexiteers will care (much), as they will be least impacted. They might even gain. And don't care about the general population.

Boris Johnson’s Brexit deal would make people worse off than Theresa May’s | Anand Menon and Jonathan Portes | Opinion | The Guardian

#Brexit #UK #EU #politics #economy #business #Tories #deal
 

When the A.I. #Professor Leaves, #Students #Suffer, #Study Says


Source: https://www.nytimes.com/2019/09/06/technology/when-the-ai-professor-leaves-students-suffer-study-says.html
For years, big tech companies have used huge salaries, bonuses and stock packages to lure artificial #intelligence experts out of #academia.
...
The talent shift could accelerate the development of artificial intelligence inside tech giants like #Google, #Microsoft, #Amazon and #Apple.
But at the universities the professors left, graduating students were less likely to create new A.I. companies. When they did, they attracted smaller amounts of funding, according to the study. The effect was most pronounced in the field of “deep learning,” a #technology that has become a crucial part of new A.I. systems.
#news #capitalism #economy #education #University #money #science
 

When the A.I. #Professor Leaves, #Students #Suffer, #Study Says


Source: https://www.nytimes.com/2019/09/06/technology/when-the-ai-professor-leaves-students-suffer-study-says.html
For years, big tech companies have used huge salaries, bonuses and stock packages to lure artificial #intelligence experts out of #academia.
...
The talent shift could accelerate the development of artificial intelligence inside tech giants like #Google, #Microsoft, #Amazon and #Apple.
But at the universities the professors left, graduating students were less likely to create new A.I. companies. When they did, they attracted smaller amounts of funding, according to the study. The effect was most pronounced in the field of “deep learning,” a #technology that has become a crucial part of new A.I. systems.
#news #capitalism #economy #education #University #money #science
 
Waffling in Latin, ignoring details and claiming you just need to believe won't help against the harsh realities of economics and business. And no amount of money from the magic money tree will help to prepare for no deal.

Sky Views: We can't prepare for no deal nearly as much as you might think

Oh, and don't claim you weren't warned once it is too late and the damage is done. When thousands of animals had to be slaughtered pointlessly. When hundreds of small businesses built over years or even lifetimes have needlessly gone bust.

#Brexit #UK #EU #politics #economy #business #nodeal #trade #barriers
 
Ein Quadratmeter, schallisoliert: Japaner sollen in Zellen am Bahnhof arbeiten - n-tv.de https://www.n-tv.de/wirtschaft/Japaner-sollen-in-Zellen-am-Bahnhof-arbeiten-article21183575.html

Hellcome to the future... ;)


Tags: #economy #labour

via dandelion* client (Source)
 
Ein Quadratmeter, schallisoliert: Japaner sollen in Zellen am Bahnhof arbeiten - n-tv.de https://www.n-tv.de/wirtschaft/Japaner-sollen-in-Zellen-am-Bahnhof-arbeiten-article21183575.html

Hellcome to the future... ;)


Tags: #economy #labour

via dandelion* client (Source)
 
A few trade lessons the Brexiteers should learn. And the voters as well. Although if the voters learn and understand trade most Brexiteers will be out of a job.
Liam Fox wants children to learn about global trade. But it’s Brexiters who need the lessons
#Brexit #UK #EU #politics #trade #learning #lessons #tradedeal #economy #business
 
"Taking back control" seems to have morphed into "handing control over to the USA". Soon the Brexiteers will claim that's what people voted for and that they knew what they were voting for.
US tells Britain: Fall into line over China and Huawei, or no trade deal
#Brexit #UK #EU #USA #politics #trade #tradedeal #deal #economy #control #takingbackcontrol
(PS slightly surprised to read this in the Brexit cheerleader paper Torygraph)
 
#economy for dummies - the #bigmacindex explained incl. the link to a #git repository with the data and algorithm of The Economist‘s index calculation
 
Yeah, right, global Britain, an outward looking nation, trading and dealing with other countries.....
Brexit 'putting pupils off modern foreign languages'
#Brexit #UK #EU #politics #languages #international #trade #economy #education
 
Another well written comment on the Jeremy Hunt lunacy about letting dozens and dozens of companies and livelihoods go bust on the altar of (no deal) Brexit. On the plus side, I think this would probably be the end of the Tories. Everyone will know at least one, but more likely several people who lost their jobs and livelihood because of this lunacy (should it really happen). And once it hits friends or even family the vast majority of voters will not buy this "necessary sacrifice" bullshit.
This quote from Jeremy Hunt reveals insanity of no-deal Brexit – Brian Wilson - The Scotsman
#Brexit #UK #EU #politics #economy #business #bust #bankrupt #sacrifice #destruction
 
WTF? Are these people for real? The livelihood of thousands, quite likely hundreds of thousands, possibly even millions of people is sacrificed for an outdated advisory referendum result based on lies and corruption? Seriously?
Jeremy Hunt: I would tell bust businesses no-deal Brexit was worth it | Politics | The Guardian
#Brexit #UK #EU #politics #economy #business #bust #destruction #bankrupt
 

Chinese people rush to buy £2 'Donald Trump toilet brushes' amid trade war with the US and joke 'Trump can be so useful'


#China #Trump #Economy #tradewar #funny

Don't like to share from this rag, but it is too funny to miss!
People in China are cheering for Beijing in a trade war against Washington by cleaning their bathrooms with 'Donald Trump' toilet brushes.

Consumers have reportedly flocked to buy toilet cleaning tools that look like the U.S. President as a way to support their government.

'"Trump" can be so useful,' joked one Chinese blogger who also praised other products inspired by the billionaire politician, including stress balls, wine bottle openers and underpants.
 

Chinese people rush to buy £2 'Donald Trump toilet brushes' amid trade war with the US and joke 'Trump can be so useful'


#China #Trump #Economy #tradewar #funny

Don't like to share from this rag, but it is too funny to miss!
People in China are cheering for Beijing in a trade war against Washington by cleaning their bathrooms with 'Donald Trump' toilet brushes.

Consumers have reportedly flocked to buy toilet cleaning tools that look like the U.S. President as a way to support their government.

'"Trump" can be so useful,' joked one Chinese blogger who also praised other products inspired by the billionaire politician, including stress balls, wine bottle openers and underpants.
 
That tweet aged well (and yes, I know we're still in the EU. But their problems are Brexit related)
https://twitter.com/Nigel_Farage/status/716184709496180736?s=19
#Brexit #UK #EU #politics #economy #industry #steel #Farage

Twitter: Nigel Farage on Twitter (Nigel Farage)

 
The latest update from the no shit Sherlock department:
Brexit trade deals will be worse than EU deals, says ex-UK trade chief - Business Insider
#Brexit #EU #UK #politics #trade #tradedeals #economy
 
Ouch. Brexit has always been “a solution in search of a problem.” Harsh, but very true. And the conclusions in the second article are quite interesting (and the exact opposite of what the rich backers of Brexit wanted to achieve....). Two good reads with a view from the US:
Brexit will mark the end of Britain’s role as a great power - The Washington Post
and
What Brexit means for the future of UK capitalism | Political Quarterly Blog
#Brexit #UK #EU #politics #economy #business #manufacturing #services #trade
 
Good read on why Brexit has become such a joke. Also several good points why the leave voters are and will be rather disappointed by the results should Brexit actually happen.
Brexit has become a Monty Pythonesque joke | Financial Times
#Brexit #UK #EU #politics #disappointment #economy #immigration #redtape #regulation
 
Is it time to start panic buying yet?

Currently I'm moving towards thinking it will be either Crash Brexit (formerly known as no deal Brexit) by incompetence (formerly known as accident) or no Brexit at all. I'd be very happy with the latter, but I fear the former is the more likely. Here's my reasoning:

As we know Theresa May's "deal" (it's not the deal anyway, just the withdrawal agreement) was just voted down again. Resoundingly. Tomorrow will see a vote about no deal. I think parliament will probably vote against no deal. So what happens then? In another vote parliament might then vote for an extension of article 50, but only just. But there's a catch: The UK can't unilaterally extend article 50, it can only ask the EU for an extension. To which the EU needs to agree unanimously. And the EU has already clarified that they will only consider an extension if the UK can present a clear reason and most importantly a clear plan how to resolve the issue. Which the UK can't. Because nobody has a f***ing clue how to fix this mess. Well, or at least not in a way they can agree on.

So the clock ticks down to the 29th of March when the UK will drop out of the EU by automatic operation of the law. Simple as that. Something the ERG nutcases will be very pleased with, and they will do their everything to achieve exactly that.

If no extension is granted because there is no agreeable proposal how and by when to resolve the issue but parliament still wants to avoid Crash Brexit, then it needs to get its act together and push through a revocation of article 50. Which the UK can do unilaterally. But at this point nobody is really talking about and at least at this point I don't see any real appetite for it either.

And all the while life is on hold, business is spending millions (or more likely billions) in trying to prepare, more and more international businesses are abandoning the UK, jobs are lost or not created and the economy suffers.

Interesting times we live in.....

#Brexit #UK #EU #politics #crash #nodeal #remain #revovearticle50 #economy #parliament
 
As predicted many times: Remain voting London will suffer least, the Leave voting industrial regions will suffer most. But hey, "sovereignty" and "taking back control"....
Brexit won’t bother the City – but everyone else should worry | Nils Pratley | Business | The Guardian
#Brexit #UK #EU #politics #trade #economy #banking #industry #business
 
Isn't it amazing how the Brexiteers are destroying the legacy of their idol (Thatcher)?
The Japanese aren’t daft – that’s why they’re getting out of Brexit Britain | Will Hutton | Opinion | The Guardian
#Brexit #UK #EU #politics #Japan #carindustry #economy #manufacturing
 
Just remember, people called 999 when KFC ran out of chicken when there were problems with their distribution centre. At Christmas people were fighting over the last turkeys in some supermarkets.
That will look like child's play when food supplies are disrupted through a crash Brexit (formerly known as no deal Brexit). I'm convinced there will be riots and more.
UK food supply under threat from no-deal Brexit
#Brexit #UK #EU #politics #economy #food #foodsupply #stockpiling
 
I expect Simon is probably going to be shown right. The remain voting areas will be mostly fine while the leave voting areas will be hit hardest. The divisions in the country will widen further, especially when austerity continues or gets even worse. Of course the Brexiteers (who will largely be fine as they are wealthy) will deny all responsibility and accountability, everything will be someone else's fault.
The City may thrive despite Brexit, but the rest of us won’t
#Brexit #UK #EU #politics #economy #austerity #winners #losers #remain #leave
 
Oh dear, if this is true the implications are huge. Will also be interesting to see the reasons Honda will give (if true). In any case, be ready for the Brexiteers claiming it has nothing to do with Brexit, nothing at all.
https://twitter.com/IanDunt/status/1097500452986519553?s=19
#Brexit #UK #EU #politics #economy #Honda #manufacturing #cars

Twitter: Ian Dunt on Twitter (Ian Dunt)

 
Another Leave campaign lie being exposed, trade deals for the UK are much harder to come by and most likely they will be less beneficial than the deals the UK benefited from while in the EU. I wonder how the Brexiteers will explain that to UK exporters who will almost certainly lose business and their staff who lose their jobs for those businesses who will go bust when they can't export as easily any more. Who will they blame (as of course nothing can ever be their fault)?
Britain is discovering the difficult truth about trade deals | Phillip Inman | Business | The Guardian
#Brexit #UK #EU #politics #economy #trade #tradedeals #export
 
Marina brilliantly scathing about our useless politicians again:
Our destiny is in the hands of Rees-Mogg’s unfinished robot sidekick | Marina Hyde | Opinion | The Guardian
#Brexit #UK #EU #politics #economy #crash #politicians #Tories #Labour #Rees-Mogg #May #Baker #columnist
 
Well, no problem for the true Brexiteer, they will only drive true British cars anyway. Which leaves pretty much only Morgan, Caterham and McLaren (and possibly Aston Martin since their IPO in 2018).
Porsche asks UK buyers to commit to 10% no-deal Brexit surcharge | Business | The Guardian
#Brexit #UK #EU #tariffs #Porsche #cars #politics #economy
 
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