Blimey

[C'mon you Shrimpers]

Lovely how many are being sold , to where and how cheaply do we make it (and who makes the components and raw materials ?bet Chinas involved )

I'd forgotten about our trade agreements with Brazil , Mexico , Korea , India and China and our huge manufacturing industry that ... oh wait doesn't match any of these (cheap labour you see). And we buy a lot of their good's. Still the expence of hurling the goods back and forth will be fine , it's not like fuels at a premium .

the other think I love about the left is the fact that with the latest agreement it sparks the end of profligate left wing spending. Oh dear what shall Barna and Osy do. Barna will have to pay more for his medication and Osy might have to get a proper job.

 

[Tangled up in Blue]

Sorry Barna, bit late catching up with this. Would this be the same will Hutton who said it would be a disaster for Britain if we didnt join the Euro?

Stevo,
Yes,he's well known for having pro-Euro views.It was interesting to see him squirm when asked this question in a recent Newsnight debate.FYI,he said he wouldn't be in favour of joining now, under existing conditions.:smiles:

 

[steveo]

Now your'e just being ridiculous.

 

[Firestorm]

I have heard a lot on the radio about this over the weekend and to be honest there seems to be two different ways of reporting this , and I am not talking about the political views.

1) The Veto blocked changes to Lisbon, therefore nothing has changed, Hague explained this on Pinaars show last night and regardless of the political persuasion, he did a good job of putting the facts out (as long as there were the facts...)

2) Britain is now on its own, Some French tart was on the show as well and seemed delighted that we were no longer involves as "Britain has been a nusance for the last 30 years ", it was all opinion based and did not explain what we would not be part of.

So , could someone put it simply, it it a change we did not like that has been blocked (ie the veto) and therefore the EU have to got back to the drawing board or try to persuade Britain or have we actually opted out of something which will now be implemented.

Personally I got the impression that the French and the Germans are a little bit Jealous of the city and want to try and supress it so that they can have their own "financial centres"

 

[osymandus]

Now your'e just being ridiculous.

Clearly, I would like a job. Given C'mon's criteria for what is and isnt "proper" I really wouldn't anything he regards as proper .

 

[osymandus]

I have heard a lot on the radio about this over the weekend and to be honest there seems to be two different ways of reporting this , and I am not talking about the political views.

1) The Veto blocked changes to Lisbon, therefore nothing has changed, Hague explained this on Pinaars show last night and regardless of the political persuasion, he did a good job of putting the facts out (as long as there were the facts...)

2) Britain is now on its own, Some French tart was on the show as well and seemed delighted that we were no longer involves as "Britain has been a nusance for the last 30 years ", it was all opinion based and did not explain what we would not be part of.

So , could someone put it simply, it it a change we did not like that has been blocked (ie the veto) and therefore the EU have to got back to the drawing board or try to persuade Britain or have we actually opted out of something which will now be implemented.

Personally I got the impression that the French and the Germans are a little bit Jealous of the city and want to try and supress it so that they can have their own "financial centres"

Simply , Cameron vetoed being part of the new agreement for wider finical control by the EU . He and the French have been winding each up for about the last year . Markets don;t want the Euro going bang is they like security so they have no idea what will come after wards . UK could be in stum for future agreements as basically using our veto was telling even ther countries with similar political leanings that were not interested in helping out at the moment.

Some believe France lead him into a elephant trap others it was a purely to appease Tory back benchers . The CBI and some parts of teh City are a little worried .

We find out more after his been in teh commons this afternoon.

 

[Tangled up in Blue]

Personally I got the impression that the French and the Germans are a little bit Jealous of the city and want to try and supress it so that they can have their own "financial centres"

There's obviously something in this.But you could also argue, that the people who helped to cause the financial crisis in Europe deserve to have a FTT imposed on them in order to create a fighting fund,hopefully to be used to implement measures for growth.Also that the bond market speculators who have done so much to create uncertainly in Europe and raise the cost of borrowing for countries such as Greece,Italy and Spain deserve to be punished for their actions.
It's also worth pointing out(IMO)that the City already has a FTT(of a sort).This is the stamp duty tax,levied at the rate of 0.05% on every financial transaction in the City,taxable at source and impossible to evade.This tax raises billions of pound every year for the Chancellor.Can't say I've heard much fuss about it.

 

[steveo]

Clearly, I would like a job. Given C'mon's criteria for what is and isnt "proper" I really wouldn't anything he regards as proper .

I was kidding Os, I hope you find something suitable for you Skillset (which I believe is poncy word they use these days) sooner rather than later.
How’s the retraining going?

 

[osymandus]

I was kidding Os, I hope you find something suitable for you Skillset (which I believe is poncy word they use these days) sooner rather than later.
How’s the retraining going?

Lol yeah I know (ill put up the fishing sign next time ) . Oh not bad One to one stuff with Job centre from Friday then college course starts in Jan (Support /Teaching assistant ) its a taster to looking at retraining , also Dyspraxia foundation running courses for adults to train and assist others adults with Dyspraxia, to learn social skills and employment skills . Plus i passed my Psychology module so its getting there :D

 

[canveyshrimper]

There's obviously something in this.But you could also argue, that the people who helped to cause the financial crisis in Europe deserve to have a FTT imposed on them in order to create a fighting fund,hopefully to be used to implement measures for growth.Also that the bond market speculators who have done so much to create uncertainly in Europe and raise the cost of borrowing for countries such as Greece,Italy and Spain deserve to be punished for their actions.
It's also worth pointing out(IMO)that the City already has a FTT(of a sort).This is the stamp duty tax,levied at the rate of 0.05% on every financial transaction in the City,taxable at source and impossible to evade.This tax raises billions of pound every year for the Chancellor.Can't say I've heard much fuss about it.

Probably because there is no reason to make a fuss over it, being simplistic it goes into the UK exchequer, rather than disappearing down a financial black hole in Brussels.

 

[Holy Joe]

It's also worth pointing out(IMO)that the City already has a FTT(of a sort).This is the stamp duty tax,levied at the rate of 0.05% on every financial transaction in the City,taxable at source and impossible to evade.This tax raises billions of pound every year for the Chancellor.Can't say I've heard much fuss about it.

Is this a tax on EVERY transaction or the tax on purchasing shares on London Stock Exchange?

 

[dloman]

On the export note this is quite interesting. http://www.bbc.co.uk/news/business-16107949

 

[canveyshrimper]

On the export note this is quite interesting. http://www.bbc.co.uk/news/business-16107949

Good find. And to those who think otherwise we do still make things.

 

[C'mon you Shrimpers]

Lol yeah I know (ill put up the fishing sign next time ) . Oh not bad One to one stuff with Job centre from Friday then college course starts in Jan (Support /Teaching assistant ) its a taster to looking at retraining , also Dyspraxia foundation running courses for adults to train and assist others adults with Dyspraxia, to learn social skills and employment skills . Plus i passed my Psychology module so its getting there :D

Osy I apologise. I did not know of your situation. I rarely come on this board so am a bit out of touch with individual's situations.
Hope you achieve your goal whatever that may be.

 

[Reg Martin]

And according to The Guardian the points that Cameron would not sign up for were :-

• Any transfer of power from a national regulator to an EU regulator on financial services would be subject to a veto.

• Banks should face a higher capital requirement.



• The European Banking Authority should remain in London. There were suggestions that it might be consolidated in the European Security and Markets Authority in Paris.

• The European Central Bank be rebuffed in its attempts to rule that euro-denominated transactions take place within the eurozone

Do you honestly think that the UK will somehow be immune from "further eye-watering austerity measures" next year,especially if the country officially falls into a recession,again?
More riots are on their way, in the UK, sometime soon,methinks.

I certianly don't think the UK will be immune from serious austerity measures if the euro collapses.
I was agreeing with the earlier poster who pointed out the irony of the anger of those who oppose such cuts in the UK now but are equally angry that we did not sign up to a treaty that would require exactly the same cuts.
I am not ideologically for or against the EU or the euro - if it works for the UK and Europe as a whole I would be all for it.
My concern is that the euro is a political project that EU leaders are forcing on countries regardless of the economic damage it is doing to them. I think that the treaty proposed last week is still refusing to recognise the reality of the situation. As long as a number of countries (Greece, Italy, Spain, Portugal etc) remain in the euro they will be required to enact more and more austerity measures that will prevent any growth in their economy and will never be able to pay off the debts they have. My worry is that the eurozone is going to lurch from one crisis to another until the EU leaders recognise that their dream of imposing a single currency just isn't going to work at the moment.

 

[osymandus]

Good find. And to those who think otherwise we do still make things.

heard this this morning on rado4 it was september. Early indications are their going down no one said wete making nothing what has been said is we cannot compete with the test of the world with what we currently have.
cmon ah its ok ;-)

 

[Tangled up in Blue]

Is this a tax on EVERY transaction or the tax on purchasing shares on London Stock Exchange?

"FTTs can be designed so that they are very difficult to avoid. The best example of this is the UK, where we have a stamp duty of 0.5% on all share transactions. The UK’s major competitors do not have this and there certainly is no global agreement, yet it is a successful FTT that raises around £5 billion pounds each year. It is designed so it can’t be avoided and London remains one of the biggest stock markets in the world".
http://robinhoodtax.org/how-it-works/everything-you-need-to-know

As you imply it's a tax on share transactions only.

 

[londonblue]

Seen any pigs flying over Canvey recently?

No. Most of them seem to be walking on the pavements, and in cars...

 

[Tangled up in Blue]

I certianly don't think the UK will be immune from serious austerity measures if the euro collapses[/

I would have thought it a certainty that we'll face "serious austerity measures",whether or not the Euro collapses, in order for the Coalition to fulfil its current deficit reduction plan.
Btw,I'm suprised that nobody has yet mentioned that there is no single example of an austerity programme, anywhere in the world, throughout history(and the IMF have looked into this),which has actually led to growth.

 

[C'mon you Shrimpers]

heard this this morning on rado4 it was september. Early indications are their going down no one said wete making nothing what has been said is we cannot compete with the test of the world with what we currently have.
cmon ah its ok ;-)

But Osy this is not so. I was down in Wichester being a tourist and there was a feature on a firm in Hampshire which made the fuel pumps for the new Boeing, Hi tec wasn't in it. I was shocked but maybe I'd been taken in by the crap that we don't make anything anymore. I googled the new Boeing and the carbon fibre wings are made in Wales and some of the engines by Rolls Royce (some by General Electric). Add the more low tec seats some of which appear to be made in Southend. I think it's pretty clear we do make things.
Oh and thinking of holidays we went to Egypt last year and the "pilot" of our balloon over the Valley of the Kings proudly said that the all the ballons used were Britsh. A quick google again and Bristol is a world centre of ballooning and balloon manufacture. Why do we as Brits always love putting ourselves down.