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Brexit!!
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Annamite_en_France



Joined: 07 Sep 2007
Posts: 982
Location: Paris, City of Light

PostPosted: Sun Feb 18, 2018 2:46 am    Post subject: Brexit Uncertainties Put $57 Billion Fund Off London... Reply with quote

Brexit Uncertainties Put $57 Billion Fund Off London Real Estate
Bloomberg•February 16, 2018
By Kati Pohjanpalo
February 16, 2018, 3:10 AM EST

A $57 billion Finnish fund that’s increasing its real estate holdings said there’s one market it’s definitely not touching, and that’s London.

The simple reason behind that decision is Brexit, according to Mikko Mursula, the head of investments at Ilmarinen Mutual Pension Insurance Co. His team has opted to skip London opportunities it would once have considered because the risks associated with the U.K.’s confusing exit from the EU are too big, he said in an interview.

“I think it’s fair to say Brexit made us take a couple of steps backward,” Mursula said in Helsinki on Thursday. “Too many moving parts, that’s the biggest reason for us. Too many uncertainties. We really don’t know what will be the political outcome, what will be the real outcome at the general agreement level.”

Ilmarinen has about 15 percent of its portfolio in real estate, and could raise the share to about 20 percent. A fifth of that is outside of Finland.

Since the Brexit vote in June 2016, Ilmarinen has bought real estate in Amsterdam, Berlin, and the U.S. It also has holdings in Brussels and Frankfurt, and acquired about 50 percent of a new office property at the heart of Manchester in late 2017. But investing in the U.K. requires getting “a higher risk-reward than investing in Brussels and Berlin and Frankfurt,” Mursula said.

“We ended up at higher yields from an investor perspective than we would have ended up with in London,” he said, adding the quality of the building and its tenants helped improve its appeal. “In this case, it looked much more attractive than a couple of those London opportunities we’ve been going through.”

Read more:
https://www.bloomberg.com/news/articles/2018-02-16/brexit-mess-puts-a-57-billion-fund-off-london-s-property-market?utm_source=yahoo&utm_medium=bd&utm_campaign=headline&cmpId=yhoo.headline&yptr=yahoo
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Annamite_en_France



Joined: 07 Sep 2007
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Location: Paris, City of Light

PostPosted: Tue Feb 20, 2018 1:35 pm    Post subject: Reassuring... Reply with quote

Brexit Chief: U.K. Won’t Be Plunged Into Mad Max-Style World

A lot of promises were made during the campaign for the U.K. to leave the EU—millions of pounds for the country’s health service, bespoke trade deals, a renewed sense of national pride and sovereignty. One thing that wasn’t mentioned was the possibility it would turn the country into a lawless and dystopian hellhole. It’s curious, then, that the U.K. government minister in charge of Brexit has felt compelled to reassure Brits and Europeans that the country won’t turn into a “Mad Max-style world” after it begins the process of leaving the EU next year. MP David Davis said in a speech Tuesday that Britain will not be “plunged into a Mad Max-style world borrowed from dystopian fiction” as soon as it begins life outside of the EU and that fears about a “race to the bottom” are unfounded. Jolly good.

http://www.bbc.com/news/uk-politics-43120277?via=newsletter&source=CSAMedition
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Emmanuel



Joined: 22 Dec 2009
Posts: 616
Location: usa

PostPosted: Wed Feb 21, 2018 1:09 am    Post subject: Call for Britain to have 'privileged' single market access Reply with quote

The European Parliament is to call for Britain to have 'privileged' single market access after Brexit
Exclusive: The European Parliament is preparing a "detailed," 60-paragraph resolution which will call for more flexibility in future relationship talks with Britain. The Parliament wants the EU to negotiate an 'association agreement' which could give Britain "privileged" single market access and membership of EU agencies.

https://www.yahoo.com/news/m/c8f92629-c855-32ef-b326-da39d1b9c8cd/the-european-parliament-is-to.html?.tsrc=daily_mail&uh_test=2_14
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Emmanuel



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PostPosted: Mon Feb 26, 2018 5:00 am    Post subject: Give MPs a 'meaningful vote' on a 'detailed' Brexit deal Reply with quote

The EU is set to force Theresa May to give MPs a 'meaningful vote' on a 'detailed' Brexit deal
Business Insider•February 25, 2018
    MPs are concerned that Theresa May will present a vague, wishy-washy Brexit deal to Parliament in order to deter potential opponents from voting it down.
    However, Michel Barnier has reassured British MPs that the EU side wants any detail to be "detailed" before it is signed off, BI can exclusively reveal.
    The EU will not allow "some vague, apple-pie declaration," a well-placed source told Business Insider.

LONDON — European negotiators will insist that Britain must agree "detailed" terms on Britain's future relationship with the EU, in plans that would scupper any attempt by Theresa May to avoid parliamentary defeat by only offering MPs a vote on a vague "declaration of intent" deal.

The prime minister has insisted that MPs will be given a "meaningful vote" on whatever deal May secures from Brussels in October.

However, MPs have repeatedly expressed concern that the prime minister will instead seek to present MPs with a vague so-called "heads of agreement" deal, which would only offer a vote on a non-legally binding "statement of intent" ahead of more detailed agreement with the EU after MPs have voted.

EU sources have told BI that the EU's chief negotiator Michel Barnier is set to oppose any attempt to put such a limited deal before MPs.

One source close to EU chief negotiator Michel Barnier told Business Insider that he will insist that there must be "clarity" on any deal presented to parliament.

"The goal of the Chief Negotiator Michel Barnier is to have a declaration in October that creates clarity on the future relationship," the source told BI.

Business Insider understands that senior EU figures are concerned that a "heads of agreement" deal would allow Britain to renege on commitments made during the negotiation.

"The member states don't want a situation where we get something very vague signed off by the UK Parliament in October and EU Parliament in February, and then the British government tries to use the transition period to unpick what was agreed. It would be a constitutional crisis," one British MP who has met with Barnier in recently told BI.

The UK parliament's Brexit select committee met with negotiator Barnier and the European Parliament's chief Brexit co-ordinator Guy Verhostadt this week and was told the EU would insist on explicit "detail" on Britain's future relationship before any deal is signed off.

"They [Barnier and Verhofstadt] both said they recognised the need for detail," one MP on the committee told BI, adding that Barnier had made it clear that the final deal would not amount to "some vague, apple-pie declaration."

The source added: "That's exactly what the heads of state and government of the EU27 want as well. They want detail. They don't want any surprises."

The intervention comes amid concern among Remain-backing MPs that they will not be given a "meaningful" vote in October.

Conservative MP Anna Soubry quizzed the prime minister in December on whether she planned to only present a "heads of agreement" deal to parliament, but did not receive a clear answer to the question.

Former Deputy Prime Minister, Nick Clegg, also raised this concern in an interview with Business Insider in January.

"If MPs swallow their misgivings and simply sign along the dotted line, even though the government clearly has no intention of providing MPs with much meaningful detail for what the future holds, then at that point the Brexit juggernaut will proceed without any further meaningful restraint or scrutiny," Clegg said.

Read more:
http://www.businessinsider.com/brexit-deal-theresa-may-meaningful-vote-michel-barnier-2018-2
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Annamite_en_France



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PostPosted: Tue Mar 06, 2018 11:59 pm    Post subject: May's Brexit trade plans based on a 'failed' model Reply with quote

The EU says Theresa May's Brexit trade plans are based on a 'failed' model
Business Insider•March 6, 2018
    Theresa May called last week for a system of "mutual recognition" with the EU after Brexit.
    However, a senior adviser to the EU's chief Brexit negotiator Michel Barnier has cast serious doubt on the idea.
    "Mutual recognition has failed," said Stefaan de Rynck at a talk in London on Monday evening.

LONDON — Theresa May's plan to strike a generous EU trade deal after Brexit have been thrown into doubt by a senior adviser to Europe's chief Brexit negotiator, who dismissed her trade plans as being based on a "failed" model.

May last week called for a system of "mutual recognition" on the standards of goods and services in a trade deal with the EU, whereby two trading partners recognised each other's rules but were free to create their own. She suggested the system could be overseen by a joint UK-EU court.

However, Michel Barnier's chief adviser Stefaan de Rynck said that the EU had moved away from a mutual recognition system — whereby member states recognised each other's different rules on financial services — since the financial crisis in 2008, and now favoured a much more centralised approach whereby EU bodies create and regulate most of the rules.

"Mutual recognition has failed," he said in a speech at LSE in London.

"There was a time we thought it would lead to market efficiency, but with the financial crisis we have gone for an approach of more harmonisation and centralisation and more EU bodies overseeing that and stronger powers for those bodies," he said.

He described a "single European Union rulebook with common enforcement structures" and made clear that the system relies on the involvement of the European Court of Justice, which Theresa May has frequently ruled out.

"If you are in a very integrated market with a third country but you don't have the joint enforcement structures, then you can see the potential for all kinds of difficult situations," he said.

He also said the unity of the EU 27 countries had surprised him more than any element and warned that the UK would be "unwise to try and break that unity."

The speech comes a day ahead of a speech by UK Chancellor Philip Hammond in which he sets out Britain's plans for financial services after Brexit.

http://www.businessinsider.com/senior-eu-adviser-dismisses-theresa-mays-brexit-trade-plans-2018-3
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Le NewYorkais



Joined: 17 Oct 2005
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PostPosted: Sat May 05, 2018 2:56 am    Post subject: Farage’s UKIP's Painful Death Reply with quote

As Britain prepares to leave the EU, time will tell if the party legacy turns out to be more or less catastrophic than the Black Death.

https://www.thedailybeast.com/nigel-farages-ukip-dies-a-painful-death-in-english-elections?via=newsletter&source=DDMorning

Also posted in the "News from the UK" thread.
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Annamite_en_Amérique



Joined: 20 Jun 2009
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PostPosted: Wed Jul 18, 2018 7:27 pm    Post subject: Brexit Campaign Cheated Its Way to Victory Reply with quote

It’s Official: Brexit Campaign Cheated Its Way to Victory
Britain’s election watchdog has fined Boris Johnson’s Vote Leave group and reported it to the police—but will it make any difference?
Jamie Ross

The official campaign that campaigned for people in Britain to vote to leave the European Union broke the law, according to the country’s election watchdog, which has now referred the matter to police.

With Theresa May’s government teetering on the brink of collapse as the pro- and anti-EU factions within her party go to war, the announcement from the Electoral Commission that the campaign group fronted by Boris Johnson cheated is bringing Brexit tensions to boiling point, with some lawmakers urging a re-run of the vote.

The group—known as Vote Leave—was chosen as the official campaign group for the June 2016 referendum. The Electoral Commission says it funneled money into a sister campaign to get around spending limits, meaning that it exceeded the £7 million ($9.2 million) maximum by £500,000 ($660,000)

Vote Leave has been fined £61,000 ($80,000) while Darren Grimes, the founder of sister campaign group BeLeave, was fined £20,000 ($26,000). Grimes and Vote Leave official David Halsall have both been reported to police.

The investigation from the Electoral Commission found that BeLeave spent more than £675,000 with controversial data firm Aggregate IQ under a common plan with Vote Leave—spending that should have been declared by Vote Leave, but was left out of its spending returns.

Aggregate IQ, which received about £2.7 million from Vote Leave during the campaign, has since been suspended from Facebook over its reported links with defunct data firm Cambridge Analytica.

The Electoral Commission also criticized Vote Leave for failing to cooperate with its investigation, with director Bob Posner saying: “Vote Leave has resisted our investigation from the start, including contesting our right as the statutory regulator to open the investigation.

Read more:
https://www.thedailybeast.com/its-official-the-brexit-campaign-cheated-its-way-to-victory?via=newsletter&source=DDMorning
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UnMask



Joined: 18 Sep 2006
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PostPosted: Sat Jul 28, 2018 5:00 pm    Post subject: Anti Muslim decision Reply with quote

I'm not going to pay ketchup right away, but my friend at breakfast was listening to my France travel story...(pretty good ending)

I had taken a photo of Muslim women swimming in their heavy clothing, fearful for their safety...

He mentioned that he heard the Brexit vote was about keeping the Muslims from over running the country. By getting away from the European Union, they would have more say over the safety of the country...

Is that right? (Sorry I am only on for a couple of minutes right now...) Sad
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inkling7
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PostPosted: Sun Jul 29, 2018 12:20 am    Post subject: Brexit as told me by UK friends and relatives... Reply with quote

Britain has always had control over its borders so the Brexit thing there will make no difference. I was recently told that all the Brits who were living overseas but still British citizens were not allowed to vote but that they wanted to stay due the benefits of being in the EU while overseas. It was also pointed out that many people in their teens who will ultimately be affected by this felt that they should have been given a right to have a say and vote as most of them want to stay and it was felt that all people over the age of 16 should have been allowed to vote too since it will affect them the most. The funds that were supposed to have been saved out of all this were never given to the NHS as promised but the Brexit mob and in fact funding has been cut to health and other essential services by the Tory Government. I have been told all this by reliable friends and relatives in the UK. Scotland as a country voted to stay and are reconsidering their position in the UK now and many people who were misinformed and voted to leave have now changed their minds. Another vote has been called for by many as well.
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Angelina



Joined: 09 Dec 2007
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PostPosted: Wed Aug 01, 2018 11:22 am    Post subject: The UK and Europe Reply with quote

The UK never was part of the Schengen Zone, so it stayed apart.

Just after the vote, it came out that most people didn't even know what they were voting for or against. Very irresponsible but there you are.

Now they're trying to kind of put Humpty Dumpty together again, but it's an uphill fight... I wish them luck...
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