Calis Beach and Fethiye Turkey Discussion Forum

General Topics => The Debating Chamber => Topic started by: usedbustickets on June 24, 2016, 06:39:03 AM

Title: EU Vote Result - we're out!!
Post by: usedbustickets on June 24, 2016, 06:39:03 AM
Well I told you that we would vote out.  I also told you where the 'tipping' votes for out would come from.  Working class, traditional or ex Labour voters, and those people who felt they'd had enough of an out of touch political (particularly Labour) elite.  I told you that the pollsters would get it wrong, and indeed that so would the bookies too!  Did I read it better than the pollsters and political elite... you bet your life I did!

Some people attacked me for saying that Farage and UKIP would carry the vote in Labour areas, and said that I must be a UKIPER or worst still a racist by association.  I said that the official out campaign lead by Johnson and Gove et al would not carry any weight with those important voters I described above.  In the main these voters came to their decision themselves, based on their own, their families, and their community's experience of EU failure and lack of national and democratic control, all underpinned by this and the previous governments large doses of austerity for these people, their families and communities.  It was as my good friend John Mann MP said there was a different conversation going on in these families and communities, across the tea table or at work, rather than the dinner tables of the metropolitan political elite.

Shame on those for peddling the establishment 'project fear' line here and other places, and in particular shame on the Labour side who lined themselves directly with the Tory fearsters and austerity peddlers .... yes that's you Blair, Kinnock, Brown and in particular Alistair Darling.

I watched and listened all through the night as the votes came in, and it was one of the best nights I have had in a long time.  Am I happy?  You bet your life I am.  It felt so good this morning that I celebrated by raiding the Custard Cream reserve this morning with my coffee and gobbled down five in quick successions.

Title: Re: EU Vote Result - we're out!!
Post by: Colwyn on June 24, 2016, 06:58:32 AM
Bristol voted 38% Leave and 62% Remain. Unfortunately the rest of England went bonkers. I wonder if we can become part of Scotland and join with them in voting to leave the UK and apply to join the EU. £ has hit 30 year low and bad times are coming.
Title: Re: EU Vote Result - we're out!!
Post by: Jacqui Harvey on June 24, 2016, 08:06:36 AM
I think the one thing that really annoyed me during the run up to this elections was all the people who know nothing of what will happen in the future, had all become clairvoyants and tried to ram doom and gloom down everyone's necks.  I personally, was sick of all the postings to say IN on Social Media and particularly from Brits who have lived in Turkey for a very long time and sit in their homes abroad telling me how to vote in the U.K. 
Title: Re: EU Vote Result - we're out!!
Post by: desmartinson on June 24, 2016, 09:23:58 AM
I think the one thing that really annoyed me during the run up to this elections was all the people who know nothing of what will happen in the future, had all become clairvoyants and tried to ram doom and gloom down everyone's necks.  I personally, was sick of all the postings to say IN on Social Media and particularly from Brits who have lived in Turkey for a very long time and sit in their homes abroad telling me how to vote in the U.K. 
I know exactly what you mean Jacqui, I too get fed up of people who sit in their UK homes coming on here and posting how people who live here should act, behave, eat in their choice restaurants, what shops to use, etc. by the way if I was living in the UK I would have voted to stay in, I really think the economy and jobs, and small business will suffer.
Title: Re: EU Vote Result - we're out!!
Post by: desmartinson on June 24, 2016, 09:36:26 AM
Bristol voted 38% Leave and 62% Remain. Unfortunately the rest of England went bonkers. I wonder if we can become part of Scotland and join with them in voting to leave the UK and apply to join the EU. £ has hit 30 year low and bad times are coming.
I don't normally agree with much Colwyn says on here, but for once I am 100% with him, I often have a jibe at the Jocks, but today I address them as Scots and congratulate them on their knowledge of the seriousness of the vote. more than can be said for the English I believe, just hope we don't see them in the bars in the next 24 hrs chanting INGERLAND!!! INGERLAND!!! INGERLAND!!!    ;)
Title: Re: EU Vote Result - we're out!!
Post by: Jacqui Harvey on June 24, 2016, 09:52:10 AM
Nicola Sturgeon wanted an OUT vote.  She will now campaign for another Independence Vote in Scotland.
However, by the time that may happen there will probably be no E.U let as reports on T.V this morning say that a lot of people in the E.U countries want out and Britian leaving could open the flood gates.
Title: Re: EU Vote Result - we're out!!
Post by: Anne on June 24, 2016, 10:02:58 AM
The decision has been made. 
Right or wrong we now have to work at setting our country on the right road.
No amount of bickering, scaremongering or hysteria will help us now.
Title: Re: EU Vote Result - we're out!!
Post by: Highlander on June 24, 2016, 10:26:01 AM
The point of a non resident vote I think is this.

The vote will have an effect on for example the NHS. It may be effect A or effect B.

Whichever it is, A or B it will not impact on the non resident on a daily basis.
Title: Re: EU Vote Result - we're out!!
Post by: KKOB on June 24, 2016, 10:38:58 AM
Well UBT, that'll go down in CBF history as the longest "I told you so".   ;)
Title: Re: EU Vote Result - we're out!!
Post by: JohnF on June 24, 2016, 11:39:24 AM
I wonder if we can become part of Scotland and join with them in voting to leave the UK and apply to join the EU.

Let me have a word with Ms Sturgeon, maybe we could look at Bristol being granted Protectorate status as part of the Republic of Scotland.  Bear in mind though, you'd probably have to kiss her ring...

JF
Title: Re: EU Vote Result - we're out!!
Post by: St. Pauli on June 24, 2016, 11:58:50 AM
Your next EXIT will happen in Nice - next Monday !  ;D ;D ;D
Title: Re: EU Vote Result - we're out!!
Post by: kevin3 on June 24, 2016, 12:07:02 PM

  Well the Bolshy Brussels Bunch are holding crisis talks, imploring the remaining states to stay together, and talking about the

   need to reform. !!!    Not quite so cocky this morning are they. The unemployment they have inflicted on millions of others may have finally

   reached their doors.                 Long live high wattage electrical appliances.     ;)   
Title: Re: EU Vote Result - we're out!!
Post by: davybill on June 24, 2016, 12:47:55 PM
Bristol voted 38% Leave and 62% Remain. Unfortunately the rest of England went bonkers. I wonder if we can become part of Scotland and join with them in voting to leave the UK and apply to join the EU. £ has hit 30 year low and bad times are coming.
I don't normally agree with much Colwyn says on here, but for once I am 100% with him, I often have a jibe at the Jocks, but today I address them as Scots and congratulate them on their knowledge of the seriousness of the vote. more than can be said for the English I believe, just hope we don't see them in the bars in the next 24 hrs chanting INGERLAND!!! INGERLAND!!! INGERLAND!!!     ;)
Well they wont be chanting Euroland Euroland / that's a certainty,
Title: Re: EU Vote Result - we're out!!
Post by: Ovacikpeedoff on June 24, 2016, 13:11:48 PM
A disaster for the UK. It is not even 12 hours since the result and what has happened.

Sterling heading south at a speed of knots. The biggest daily loss since 1985. The UK runs a serious current account deficit and this fall will even impact further on it.The drastic fall in value has already knocked the UK off its perch as the fifth biggest trading nation as values are calculated in USD.

Scotland are looking for another referendum and rightly so. The Scots by a large majority voted to want to be part of the EU.

Northern Ireland now talking about a referendum on unification. Probably will not happen but they did vote to remain.

Prime Minister has resigned. We are now going to have a dog fight within the Tory party. So much for democracy when the next PM to lead the exit negotiations will be selected by 150,000 Tory party members.

The Labour party in total disarray. No effective opposition. A leader who did more damage to the remain campaign than Osbourne did.

Rating agencies talking about a 2 notch downgrade. Borrowing costs will increase. This could impact seriously on whether the UK is a place to invest in. Forecasts are expecting house prices to fall by an average of £60k. If this was to happen we would be back in the negative equity problems again.

Farage now saying that the £350 million a week that will be spent on the NHS will not happen. His view is now that it was a mistake by the leave campaign to say it would.

My own personal view, irrelevant of what side would have won, is that I believe that this referendum has caused serious damage that will take a long time for the wounds to heal.

There are a number of things that I always considered the UK to have more than any other country in the world:

Tolerance to listen and understand others points of view. There were so many lies and untruths by both sides.

Fairness in treating people and not influenced by colour or creed. This was blown away when immigrants were blamed for all the ills in society. Listening today to some people and what they were saying was getting on being racist. The Turks came in for the worst of it. The issue is that the problems are caused by successive governments (Labour and Tory) not properly investing in infrastructure. I believe many people were not voting on the EU but as a cry for help. Politics and politicians have becom e so remote from normal working people. My worry is that it will be those people who may finish up paying the price. 6 years on from the last recession and the economy has had only sporadic recovery. Living in the South East all is bright but that is not the case in places like the Welsh valleys. Listening to some workers from Nissan and they were very concerned about job security and the impact it will have on future investment. They were worried that Nissan may move future projects to other places.

I believe that we could become very isolationist and that we think that we can pull up the drawbridge and live happily ever after. This is my biggest gripe with the leave side. Not once during the referendum did they actually give a vision of the future outside the EU. All I heard was we will have favourable trade agreements and the EU want us more than we want them.  We will be able to trade with India, China and the US. The governments of these nations stated they would prefer one agreement with the EU rather than negotiate with individual nations. It was surprising that 74% of a sample of leavers did not want to leave the single market but wanted a Norway style membership. Even the Norwegians feel that is the worst of both worlds.

At the end of all this not only will we leave the EU we could also see the end of the UK as it is today.

Title: Re: EU Vote Result - we're out!!
Post by: JohnF on June 24, 2016, 13:23:55 PM
Scotland are looking for another referendum and rightly so. The Scots by a large majority voted to want to be part of the EU.

I've mentioned before that this would be the most likely outcome of a "leave" vote and I suspect that there are many within the Scottish Government who would have been disappointed if the overall result was to "remain".

I think we'll see a second independence referendum sooner rather than later and the general feeling in Scotland (that I'm aware of) is that there'll be a large swing towards "out", irrespective of Scotland's potential status within the EU.

You never know, in a few years time having a "Scottish granny" may become as prized as having an Irish one  ;)

JF
Title: Re: EU Vote Result - we're out!!
Post by: KKOB on June 24, 2016, 13:30:56 PM
At the end of all this not only will we leave the EU we could also see the end of the UK as it is today.

Yep. That's why we voted leave.
Title: Re: EU Vote Result - we're out!!
Post by: Highlander on June 24, 2016, 14:32:46 PM
The timing of a second Independence Referendum will be interesting.

With the Scottish economy in a worse state then when we had the first vote surely even Nicola Sturgeon will not expect me to vote until she has told me the EXACT details of Scotland's membership of the EU
Title: Re: EU Vote Result - we're out!!
Post by: usedbustickets on June 24, 2016, 15:21:40 PM
Two economic facts to consider H, its the Euro and no alternative and oil is no longer near $150 a barrel it was in the last referendum.  Good luck with Scotland the Brave in the EU on those terms!!
Title: Re: EU Vote Result - we're out!!
Post by: Stuart T on June 24, 2016, 15:22:05 PM
Currently in Madrid.

Nobody I´ve spoken to today cares a jot about BREXIT!

All, thus far, are completely unaware of any repercussions for Spain.

International guests at breakfast or in the hotel reception área are equally ambivalent - not much more than a shrug.

They don´t care much about us, it seems.
Title: Re: EU Vote Result - we're out!!
Post by: davybill on June 24, 2016, 15:34:28 PM
Currently in Madrid.

Nobody I´ve spoken to today cares a jot about BREXIT!

All, thus far, are completely unaware of any repercussions for Spain.

International guests at breakfast or in the hotel reception área are equally ambivalent - not much more than a shrug.

They don´t care much about us, it seems.
We don't care much about them it seems Stuart T?.
Title: Re: EU Vote Result - we're out!!
Post by: Stuart T on June 24, 2016, 15:36:36 PM
Aye, true - the majority of us have said so.
Title: Re: EU Vote Result - we're out!!
Post by: Colwyn on June 24, 2016, 15:59:13 PM
Just had an email from a mate of mine from primary school days congratulating the Monster Raving Loony Party on their great victory. Hilary and I have reviewed our finances and think we might be able to afford to share a balik ekmek tonight.
Title: Re: EU Vote Result - we're out!!
Post by: sandgrounder on June 24, 2016, 16:22:08 PM
Just had an email from a mate of mine from primary school days congratulating the Monster Raving Loony Party on their great victory. Hilary and I have reviewed our finances and think we might be able to afford to share a balik ekmek tonight.

You can't beat a fish finger butty. Hope you put Salad cream on it  :D
Title: Re: EU Vote Result - we're out!!
Post by: Colwyn on June 24, 2016, 16:34:28 PM
I suppose that is regarded as high cuisine amongst Northerners.
Title: Re: EU Vote Result - we're out!!
Post by: stoop on June 24, 2016, 16:57:02 PM
They might care a bit when there's no UK contribution for them to take. I believe Spain are net gainers from the EU coffers to the tune of about £6billion?

It's been a disaster of a contest from day one! Cameron based his election manifesto on the option to leave and his words were damning of the EU machine. Then he decides to vote remain! It's those sort of lies that make people stand up.

The pound has taken a knock. It will bounce back - especially if the EU implodes - which might happen to be honest.

Title: Re: EU Vote Result - we're out!!
Post by: kevin3 on June 24, 2016, 18:25:32 PM


  Two interesting items on Sky News a few minutes ago.

  German Finance Ministry is proposing the EU make the UK an associated partner country  ( they still want us to buy their cars ).

  Stephen Kinnock MP, of the EU gravy train family, is seeking a new source of income as a contender for Labour leader, calling for

  Corbyn to go. His parents will now have to start paying for their own Hotel, meal and drinks bills.
Title: Re: EU Vote Result - we're out!!
Post by: AOK on June 24, 2016, 18:58:49 PM
Last Friday the FTSE 100 finished at 6021.Today it finished at 6138. 8)
Title: Re: EU Vote Result - we're out!!
Post by: 1calis on June 24, 2016, 20:25:32 PM
The Kinnocks are at the railway station waiting for the next gravy train.
Title: Re: EU Vote Result - we're out!!
Post by: Jacqui Harvey on June 24, 2016, 21:11:37 PM
The Kinnocks are Champagne Socialists.  Like a lot of the Labour Party.
Title: Re: EU Vote Result - we're out!!
Post by: scorcher on June 24, 2016, 21:51:21 PM
Morrison's "The Best" Champagne @ £19.49 - well recommended.
Title: Re: EU Vote Result - we're out!!
Post by: Ovacikpeedoff on June 24, 2016, 22:24:53 PM
Kevin 3 if you are going to quote from the newspapers at least read the full article before you do it.

Associated partner is to allow the UK and the other EU countries to fulfill obligations on such areas as carbon emissions and climate change.

The document specifically states that this partnership is not a way to allow the UK to continue to access the single market. So saying that this partnership is to allow the Germans to sell cars to the Brits is nonsense. The French and Germans have specifically stated that the single market is not included because other EU countries would also want the same access.

Title: Re: EU Vote Result - we're out!!
Post by: kevin3 on June 24, 2016, 23:13:58 PM


  Ovacikpeedoff

  Read my post.! I was quoting Sky TV news, as they printed it. And they are still repeating it this evening. I read your earlier post

  about the disaster that has occurred in the UK, about the doom and gloom that will descend upon us. The decision was taken

  democratically. I see from your avatar that you are bunkered down under the protection of of the AKP party with their love of

  free speech, justice, equality and integrity. You stay safe there and we will just have to take our chances here in the UK.
Title: Re: EU Vote Result - we're out!!
Post by: Ovacikpeedoff on June 24, 2016, 23:41:43 PM
Kevin3

I am not in Turkey, I am in the UK.

So you  are telling me that the Sky  News stated that this partnership is being set up so the Germans can sell cars to the UK. What a load of nonsense. It is not the first time that you have made stupid statements.



Title: Re: EU Vote Result - we're out!!
Post by: KKOB on June 25, 2016, 05:15:32 AM
(http://www.mainstreammarketing.ca/wp-content/uploads/2015/03/play-nicely-in-the-sandbox.jpg)
Title: Re: EU Vote Result - we're out!!
Post by: Colwyn on June 25, 2016, 10:04:43 AM
I wonder when the NHS will get the extra £350 million per week that it has been promised by the Outists. Do you think it will be before or after the 12th of Never?
Title: Re: EU Vote Result - we're out!!
Post by: kenkay on June 25, 2016, 10:18:37 AM
Somebody said "well we're out and it's going to be a bumpy road" and the reply was "yes but at least we're in the driving seat"
Title: Re: EU Vote Result - we're out!!
Post by: Scunner on June 25, 2016, 10:40:06 AM
With no steering wheel, map or engine.
Title: Re: EU Vote Result - we're out!!
Post by: villain on June 25, 2016, 11:34:49 AM
Unmitigated disaster. The ultimate Pyrrhic victory.

And when you see the reasons people voted out,  you will probably start to weep:

http://lordashcroftpolls.com/2016/06/how-the-united-kingdom-voted-and-why/

I mean,  I'm not saying all Brexiters are racist/xenophobes,  just about 80%  of them.
 
Title: Re: EU Vote Result - we're out!!
Post by: Ovacikpeedoff on June 25, 2016, 11:35:07 AM
Colwyn, I think I posted it earlier. Our Nigel was asked on breakfast time TV yesterday about the extra £350m for the NHS. His reply was that saying that was a mistake by the leave camp. Susanna Reid laid into him about this promise being one 9f the fundamental issues that persuaded people to vote out.

People seemed to swallow these lies hook, line and sinker.

Some people may say that we are not on a bumpy road but we have jumped off a cliff.

Sometimes I wonder about the stupidity of people. In an article in the papers today there is a woman who wishes she now voted remain. She voted leave because she thought her vote would not count.

What has really happened is the wishes of the people, the younger generation, has really been ignored. They are the people who have to live with the legacy of this decision.

Title: Re: EU Vote Result - we're out!!
Post by: Colwyn on June 25, 2016, 13:41:02 PM
I heard a woman on radio say she didn't care about the value of the £ because she didn't want to go abroad for her holidays, she was quite happy staying in the UK. HOWEVER, it is decided and now we have to see where we go from here. Obviously the UK economy will suffer, and so will that of the EU - which, as our biggest trading partner, will also hurt us. We don't know how much damage there will be or how long it will last. It is not possible to predict. I didn't think the fallout from the (periodic) crisis of financial capitalism in 2007/08 would last as long as has it already has, and it looks set for another ten years (unless G. Osborne's austerity mania is changed by the next Old Etonian who gets his job). But there's no going back from here - except, possibly, for Scotland.
Title: Re: EU Vote Result - we're out!!
Post by: SteveJ on June 25, 2016, 14:25:49 PM
errrr - can I still use my continental quilt?
Title: Re: EU Vote Result - we're out!!
Post by: Scunner on June 25, 2016, 14:41:54 PM
You can but with a surcharge. Dolmio sauces will attract an import duty so I'm sticking with Loyd Grosmans.
Title: Re: EU Vote Result - we're out!!
Post by: Colwyn on June 25, 2016, 14:50:40 PM
errrr - can I still use my continental quilt?
Depends what you are going to use it for.
Title: Re: EU Vote Result - we're out!!
Post by: JohnF on June 25, 2016, 15:01:31 PM
I'm sticking with Loyd Grosmans.

An aptly named product.

JF
Title: Re: EU Vote Result - we're out!!
Post by: usedbustickets on June 26, 2016, 17:03:59 PM
Poor old OPO, haven't you got it yet ... you lost the democratic vote.  You need to apply yourself to the new reality, not the old loser arguments.  Rather than moaning about the result, and its consequences, which any rational Brexiter expected, you need to be part of the future.  Let's hear your thoughts on how we might best exit and engage with not just the EU but the rest of the world in a positive manner.  If you can't take a positive from what has happened, then I can sadly only offer you one piece of advice... Suck It Up!!
Title: Re: EU Vote Result - we're out!!
Post by: lissa on June 26, 2016, 19:03:21 PM
UBT, how do you think the UK should exit? And engage with the EU and the rest of the world in a positive manner?
How many rational Brexiters were there I wonder? Watching interviews it seems that many people did not understand what they were voting for. Probably on both sides I would concede.
How sad for a once great nation to be subjected to this.
Title: Re: EU Vote Result - we're out!!
Post by: Ovacikpeedoff on June 26, 2016, 19:05:22 PM
A vote that was won on a myriad of lies and deceit. Within 3 hours of the result the leavers are saying the £350m, a totally fictitious figure in the first place, will not be spent on the NHS. Within 24 hours those who voted to leave are being told that they will be disappointed that they will not see a drastic reduction in immigration.

I am a director of a small company. When  we started the company in 2012 we were 4 now we employ 68 people. Most of our purchases are priced in USD and 80% of our business is with EU countries. So by close of business on Friday we saw our costs rise by about 10% and our income drop by 5%.

We have been advised that we should expect a further depreciation in sterling which will have  a further adverse impact on the business. These pressures will have serious impacts on us being able to compete for contracts in a very competitive sector.

When this referendum arose we spent many hours working on contingency plans which includes possible redundancies, relocating to a country within the EU or folding. When we formed the company we invested a great deal of time and money in making the business a success.

I am currently working in Dublin and relocating here could be a very attractive proposition. No language problems, cheaper housing and low company taxation and within the EU.

It is too early to say what we are going to do. I am sure that we are not the only ones with plans.
Title: Re: EU Vote Result - we're out!!
Post by: Ovacikpeedoff on June 26, 2016, 21:13:10 PM
When I said income had decreased, I meant to say profits.

If a free trade agreement is not negotiated then we are very unlikely to be able to continue with the business.
Title: Re: EU Vote Result - we're out!!
Post by: Stuart T on June 26, 2016, 21:25:18 PM
Ovacik P.O.

The old EFTA system - dead? Can such an arrangement be resurrected to help you?

From Dublin? An interesting option. Would you be able to retain the 68 staff.

It's a remarkable achievement to go from 4 to 68 employees (and families etc. etc.) in such a short time.

So much depending on your decisions.

What business are you in?
Title: Re: EU Vote Result - we're out!!
Post by: CleopatrasAsp on June 26, 2016, 22:54:39 PM
Sorry, but sometimes things need clearing up.............

Brexit is what a fat Yorkshire lass does when she sits on a bench
Title: Re: EU Vote Result - we're out!!
Post by: marina on June 26, 2016, 23:06:31 PM
Being a, erm, Yorkshire lass that made me laugh!  ;D
God knows we need as much humour as we can right now   :-\
Title: Re: EU Vote Result - we're out!!
Post by: CleopatrasAsp on June 26, 2016, 23:49:11 PM
Agree wholeheartedly.
Title: Re: EU Vote Result - we're out!!
Post by: Ovacikpeedoff on June 27, 2016, 01:15:22 AM
Stuart T we have developed software that helps banksand other financial institutions to prepare the reports required under the BIS accords. The software is bespoke and we tailor it to suit a clients requirements. We do not deal with the bigger banks but those that are smaller. Meeting banking regulations can be an expensive business. Like many institutions nowadays they are keen to outsource anything that cuts their cost base.

I am an accountant by profession with many years experience in risk management in banking. Before you ask no we did not have to go cap in hand for bailout money during the banking crisis. We did have emergency provisions with the BoE but never drew on them. Prior to 2008, I had many battles with our treasury division over these exotic instruments that they wanted to deal in. In a little way I always think that unknowingly contributed to us avoiding some losses.

I left in 2009 and moved to Turkey as I was sick of working 80 hours a week during the crisis. It was not doing my health any good and due to the stress and poor eating habits I finished up with Type 2 diabetes. Although I had left arm I still kept up to date on regulation. The boring winter nights in Ovacik and it gave me something to do. In 2011, I came back to the UK on holiday and met some friends 2 techies and another accountant and we were just discussing ideas and we just came on this. The techies worked for a major UK bank and were already working on the software and were made redundant. We did not trespass on any intellectual rights that there previous employer may have had.My wilfe was homesick and missed the grandchildren so it was a great opportunity to return home. For a while after returning I kept referring to Turkey as home.

If the best alternative is to move within the EU we will encourage the staff to relocate. 12 of our staff are based in France, Spain and Germany. They are needed because they speak their native language.

We run the business more on the lines of co-op. Staff and directors enjoy exactly the same benefits. Same healthcare, same holidays and same bonus payments. Me and my fellow directors have not taken a penny in dividends. All profits are ploughed back into the company. We have a young staff and we were selective when choosing them. We encourage a very open culture but we expect professional standards at all times. We have core values and staff are required to abide by them. Now that me and my fellow directors have got our investments plus a reasonable rate of interest back we have  transferred 20%  of the shares into a trust for our employees. This allows the staff to appoint a director to attend board meetings. In the next

 Our business is EU based because there are more regionalised banks and their regulations are stricter than the UK with more reporting requirements. By the end of this year a whole new raft of reporting has been introduced under Pillar 3. Although we do have programmers we outsource a great deal of business to the US. If we tried to do it all internally we could not cope and as quick as we did.

The problem for us will be when the UK leaves the single market we could have a whole load of regulation to demonstrate compliance. The idea of the single market is to ensure conformity across the whole of the EU. A ludicrous example would be that a CD disc that we sell to a client we would have to demonstrate that it complies with EU regs.

There you are you have my life story.
Title: Re: EU Vote Result - we're out!!
Post by: Colwyn on June 27, 2016, 07:39:24 AM
We are going back to the UK today after our holidays. At least we intend so, but are our passports still valid? They declare we are citizens of the European Union. How soon before we have to buy new ones I wonder?
Title: Re: EU Vote Result - we're out!!
Post by: Stuart T on June 27, 2016, 11:58:52 AM
Ova PO. Brilliant, interesting and in a field that's way beyond my understanding.

I can only wish you continued success and hope that your family and co - workers can find a workable solution.



Title: Re: EU Vote Result - we're out!!
Post by: Colwyn on June 27, 2016, 12:21:43 PM
I see Gideon's little pep talk of this morning hasn't done very well. Pound down by 3% and more across the board - except against the Euro where it is only down 2.66% and the FTSE is plumbing the depths. I can see our little holiday is going to cost a lot more than anticipated when I check the debit and credit card bills. Fortunately our apart-otel bill was agreed in advance in sterling.
Title: Re: EU Vote Result - we're out!!
Post by: Ovacikpeedoff on June 27, 2016, 21:02:43 PM
Start T thank you for your kind wishes. If you are ever suffering insomnia let me know and I will supply you with some really boring documents that will guarantee you sleep. One thing we are interested in is what will happen to Scotland. If they were to leave and join the EU we might consider there as an alternative base. Today, we were looking at WTO tariffs and if these were to apply then we will be in serious trouble as we are classified as services and carry much higher tariffs than manufactured goods.


Colwyn, too much emphasis is placed on the FTSE100. The real gauge is the FTSE250.

FTSE100 tend to be multinational and it is estimated that 80% of their assets and income  is actually in foreign currency. In a way a fall in sterling benefits them in converting back to sterling.

The FTSE250 includes those companies that are truly UK based and the 2 day fall is nearly 15%, with market expectations being that the market has not bottomed out. This fall is actually greater than the 2008 crash that led to a recession that we still have not recovered from.

It was reported in one of the Tory rags today that Johnson and Gove are leaning towards a Norwegian style membership. Still pay in and accept immigration. If this is the case and I had voted leave I would feel really gutted and be asking why have a referendum in the first place.

Title: Re: EU Vote Result - we're out!!
Post by: Menthol on June 27, 2016, 21:49:03 PM
I have learnt quite a bit today thanks to you Ovacikpeedoff.

Thank you and good luck.
 
We are all going to need it.
Title: Re: EU Vote Result - we're out!!
Post by: Colwyn on June 28, 2016, 10:17:25 AM
Well I told you that we would vote out. 
And I told you England would have to leave Euro2016 if that happened!
Title: Re: EU Vote Result - we're out!!
Post by: villain on June 29, 2016, 12:06:09 PM
What is the Brexiters' carefully considered plan for the UK's future then?

Do they still want access to the Single Market for example?
Title: Re: EU Vote Result - we're out!!
Post by: usedbustickets on June 29, 2016, 12:20:24 PM
Well I told you that we would vote out. 
And I told you England would have to leave Euro2016 if that happened!

Yes but you didn't say it would be done so disgracefully though.  I was hoping there would be a big internet petition to demand a rematch, cos I didn't like the result at all.

On a related matter Wales out on Friday is my prediction
Title: Re: EU Vote Result - we're out!!
Post by: usedbustickets on June 29, 2016, 12:27:24 PM
(https://mail.google.com/mail/u/0/?ui=2&ik=ded0d5e19c&view=fimg&th=1558d580593ffb52&attid=0.1.1&disp=emb&attbid=ANGjdJ-n_511TBiWUxa6YkhhdvrhJmlwCMnpl_kPQ01JVihq7nco23SFsoFHjzeGen58eVuvi5YFO-uGfva9DiU2r_z7u6ZBWTuO32D9-C0DVyX3SvOyCCXHYYGx6NU&sz=w1280-h1280&ats=1467193130739&rm=1558d580593ffb52&zw&atsh=1)
Title: Re: EU Vote Result - we're out!!
Post by: Highlander on June 29, 2016, 13:18:05 PM
UBT - I cannot see picture  >:(
Title: Re: EU Vote Result - we're out!!
Post by: Colwyn on June 29, 2016, 15:48:20 PM
That's your problem H. You just can't see the bigger picture!
Title: Re: EU Vote Result - we're out!!
Post by: usedbustickets on June 30, 2016, 08:52:18 AM
Trying again from a different source for those who could not see the original post..

Quite why you cannot see it H may be a technology issue for you, but please don't paste an angry face just cos you cannot see something!!

(https://lh3.googleusercontent.com/-gG-YhoRLqwA/V3TN4outnbI/AAAAAAAAVqE/5zrNbcrAdX4nSJl-sWpfVjEmvWnJIvKngCCo/s512/Pooh%2BPiglet%2BEU.jpg)
Title: Re: EU Vote Result - we're out!!
Post by: Colwyn on June 30, 2016, 08:55:34 AM
Ah, I can see that as well now. I thought my cathode ray tube might be on the blink or a valve had blown.
Title: Re: EU Vote Result - we're out!!
Post by: JohnF on June 30, 2016, 09:11:28 AM
Quite why you cannot see it H may be a technology issue for you

No, it was the source you used when posting - I couldn't see it either.  The link was to/via a mail provider, which meant you could see it, as I assume you were logged in to that provider when you posted.  Alternatively, the link may have been session based, and when the session timed out the image became unavailable.

JF
Title: Re: EU Vote Result - we're out!!
Post by: philrose on July 02, 2016, 06:37:35 AM
Quote from: usedbustickets
On a related matter Wales out on Friday is my prediction
[/quote

Did you used to have a job with a polling company?  :)
Title: Re: EU Vote Result - we're out!!
Post by: usedbustickets on July 02, 2016, 16:17:15 PM
One right and one wrong prediction and suddenly everyone thinks your a pollster ... it's a tough life, but someone has to do it!
Title: Re: EU Vote Result - we're out!!
Post by: Colwyn on July 02, 2016, 17:10:42 PM
So when is it that Wales are going to be knocked out?
Title: Re: EU Vote Result - we're out!!
Post by: Colwyn on July 05, 2016, 09:57:12 AM
When does Britain get the bullet?
OK the majority have voted that the UK should shoot itself in the foot, so when do we pull the trigger? I hear Outists, busily fighting about which of them shall gain the Tory crown, saying that there is no hurry, no need to make an application under Article 50 even in this calendar year. For how long are we going drag this thing out?
Title: Re: EU Vote Result - we're out!!
Post by: usedbustickets on July 05, 2016, 11:18:38 AM
Well so far the world has not come to end for the UK, or indeed Europe.  So only the most disgruntled would begrudge the UK time to get its political ducks in a row to best take forward the wishes of the UK people.  Only a matter of weeks then we will be in a better place to start the process.

Although I rather suspect that with Chilcot Report out tomorrow that we may well see the  Brexit discussions move into second place in the media and amongst the chattering and political classes.
Title: Re: EU Vote Result - we're out!!
Post by: Highlander on July 05, 2016, 11:24:56 AM
Quote
Although I rather suspect that with Chilcot Report out tomorrow that we may well see the  Brexit discussions move into second place in the media

And rightly so.
Title: Re: EU Vote Result - we're out!!
Post by: Colwyn on July 05, 2016, 12:33:05 PM
only the most disgruntled would begrudge the UK time to get its political ducks in a row
Yep, that'll be me. I am extremely disgruntled. I am flaming mad that my pension and savings have lost 11% of their international value in a week and a half and the £ is at a 30 year low against the $ with other currencies following suit. It hasn't hit in the UK yet because it will take a few months to feed through as inflation. Once fuel goes up they'll be a lot of moaning and then everything else will go up with it. But I suppose those in Turkey who are living on UK pensions will notice it straight away when this month's income buys 11% fewer TL.


Mind you, if I am extremely disgruntled, old Junker is spitting blood - and he's the chap with the shotgun we have sail our row of little ducks past. I wonder which Tory will be handed the poisoned chalice to organize that?
Title: Re: EU Vote Result - we're out!!
Post by: Jacqui Harvey on July 05, 2016, 13:18:40 PM
I was so sad to hear about the lovely 14 year old killed by a Latvian man living in the U.K.  He had spent 7 years in jail in Latvia for murdering his wife.   However, he was allowed into the U.K.
I think this may be more important than temporary losses in pensions.
Title: Re: EU Vote Result - we're out!!
Post by: JohnF on July 05, 2016, 13:44:53 PM
I think this may be more important than temporary losses in pensions.

I'm not clear on the point you're trying to make - are you suggesting that folks stop highlighting the fact they've lost money and/or potentially jobs as a result of the referendum?

JF
Title: Re: EU Vote Result - we're out!!
Post by: KKOB on July 05, 2016, 15:03:26 PM
I was so sad to hear about the lovely 14 year old killed by a Latvian man living in the U.K.  He had spent 7 years in jail in Latvia for murdering his wife.   However, he was allowed into the U.K.
I think this may be more important than temporary losses in pensions.

I was sad to hear about the paedophile British teacher, Simon Harris, who'd been abusing kids in Africa for years and the paedophile British teacher, Richard Huckle, who'd been abusing babies and young children in Malaysia.

But, today the value of my assets and current and future pensions ARE more important to me.
Title: Re: EU Vote Result - we're out!!
Post by: Stuart T on July 05, 2016, 15:04:19 PM
Jacqui - I have never taken issue with you on any of your posts.

Indeed, I have benefited from your consumer advice immensely - for that, thank you.

Of course, there are issues of far greater importance than an individual's personal pension matters and these should be raised accordingly.

However, this should not be at the expense of doing away with matters that affect us as individuals.

You have given advice and guidance on many topics.

In the big scheme of things, how important are they?

I don't want you to stop posting on these topics (and I'm sure many people think the same) just because there are more serious things going on in the world......

Some time ago you advised me well on buying leather goods in Turkey - I would have been unhappy if another poster had criticised you for such trivial correspondence because of a tsunami, hurricane, drought, war, etc. somewhere else in the world.

Colwyn's post is valid and significant - to him and many others.

Of course, it pales into insignificance compared to loss of life.

I'd hate to see a completely empty "unread posts since your last visit" because there was insufficient gravitas to justify their existence.

Plus - I look forward to Mary's jokes.

Compared to a 14 year old killed by a Latvian murderer - trivial - but I look forward to reading them.

I understand that your post relates to UK immigration matters but there's a big world out there with a lot of bad things going on.

What's life without whimsy?
Title: Re: EU Vote Result - we're out!!
Post by: Stuart T on July 05, 2016, 15:36:48 PM
Sort of retraction of last posting - I see we're in the debating chamber.

The wrong place to talk of whimsy.

I jumped in a bit quick there.
Title: Re: EU Vote Result - we're out!!
Post by: usedbustickets on July 05, 2016, 15:43:47 PM
Colwyn your right that Junker is one bitter and twisted personage, and if the Brexit was not enough kissing in his chips, it looks like he is the gun-sights of Merkle and a number of the other EU leaders.  Firstly, because of the high handed and arrogant manner in which he handled the UK referendum.  And secondly he is very likely to be replaced very soon, as he is not the sort of person any reasonable politician wants to negotiate the Brexit on behalf of the EU or indeed the individual member states.  Mind you he will probably be compensated handsomely for his fall, or as we London working class lads like to call it...the ol' Spanish Archer.

Now I have had some dodgy, indeed flakey, old data and statistics thrown at me in my life, but is the international value of pensions and savings - whatever that is? - the best you can throw at me to do down the Brexit?  What impact does this new index - can I describe it thus? - have on your real day to day life.  I think you are probably better off referring back to dear old Harold Wilson, when he said that the fall/devaluation of the pound will not have an effect on the 'pound in your pocket, or purse' ....  ;)
 

Title: Re: EU Vote Result - we're out!!
Post by: usedbustickets on July 05, 2016, 15:51:58 PM
I was so sad to hear about the lovely 14 year old killed by a Latvian man living in the U.K.  He had spent 7 years in jail in Latvia for murdering his wife.   However, he was allowed into the U.K.
I think this may be more important than temporary losses in pensions.

Blimey Jacqui this sort of unaligned and insensitive comparison could get you thrown off CBF .... look what happened to DM??
Title: Re: EU Vote Result - we're out!!
Post by: Colwyn on July 05, 2016, 15:56:32 PM
UBT old sock, I can see you are a bit confused about economics. It simply means the £ has gone down in value.
Title: Re: EU Vote Result - we're out!!
Post by: JohnF on July 05, 2016, 16:03:19 PM
Now I have had some dodgy, indeed flakey, old data and statistics thrown at me in my life, but is the international value of pensions and savings - whatever that is? - the best you can throw at me to do down the Brexit?  What impact does this new index - can I describe it thus? - have on your real day to day life.

I think you are being deliberately obtuse. 

Its fairly obvious, at least to me, that Colwyn is talking about the value of his biscuit tin full of pounds pre brexit v post brexit when compared to the USD, EUR etc.  His expedition to deepest Estoril in September will now cost him X% more than it would have done had the pound not dropped faster than a Meeting Point steak to a hungry dog.

Our plans for wintering in Spain this year will also cost X% more.  I can see exactly where he's coming from.

I've changed my mind, you are being deliberately obtuse.


JF
Title: Re: EU Vote Result - we're out!!
Post by: Colwyn on July 05, 2016, 16:10:38 PM
My infamous holiday in Estoril is only going to last a fortnight and I'll happily take the hit. Of rather more importance is the increase in oil prices (which we buy in $) and the impact this will have on UK costs, plus all those other things we import which are going to be more expensive. In some circumstances making imports expensive and making exports cheap may help an economy. But I don't think we are in those circumstances.


P.S. The phrase "happily take the hit" may have be inappropriate. Perhaps "I'll just have to take the hit" would be more fitting.
Title: Re: EU Vote Result - we're out!!
Post by: usedbustickets on July 05, 2016, 16:32:53 PM
Have you considered that Comrade Carney has signaled a cut in interest rates in the coming days, this means that many families will have extra cash every month as their mortgage payments are cut.  They can put this additional cash to other use on essential items or even non-essential like extra holiday dosh. 

Now I'll have to go away and consider whether that is an obtuse comment or not  ;)
Title: Re: EU Vote Result - we're out!!
Post by: Colwyn on July 05, 2016, 16:51:22 PM
I wouldn't hold my breath for banks to cut mortgage rates. Meanwhile Osborne has announces he is going to cut corporation tax to less than 15% - more than 5% below current levels - in order to stop them leaving UK and encouraging investment from those that are staying. So if corporations are going to pay less tax there are only a couple of choices: all the rest of us pay more or there are even deeper cuts in our services. Or we pay for NHS treatment perhaps (backdoor tax).
Title: Re: EU Vote Result - we're out!!
Post by: usedbustickets on July 06, 2016, 10:12:29 AM
Come on Colwyn your not surprised at Osborne trying to get lower Corporation Tax through under the disguise of 'necessary' in the post Brexit world.  He has previous in putting through many right wing economic fiscal policies under the same banner as 'necessary' because of Austerity, look at the cut in the 50% tax rate for the rich for example, and the only people that fooled was their patsy coalition partners the Lib Dems.  Out of Eu should not mean off shore, but then again the Irish, Dutch and Luxembourg (by Junker) have made an industry out of it, particularly the Irish.  When that EU ignored nonsense started you knew it could only end in a race to the bottom of corporate taxation rate, and as you rightly say how do you fill that taxation rate.