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Lloyds Share Chat (LLOY)



Share Price: 65.99Bid: 65.99Ask: 66.04Change: 0.00 (0.00%)No Movement on Lloyds Grp.
Spread: 0.05Spread as %: 0.08%Open: 65.91High: 66.23Low: 65.60Yesterday’s Close: 65.99


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deadcatsbounce
Posts: 1,415
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RE: David Davis - a complete idiot!..
Today 16:17
Reply below
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1) Divorce settlement:

DCB: EU is simply requesting that past commitments made by the EU are respected by the UK government...

Fleccy: The UK has been a net contributor to the EU, why should we owe them anything? Anyone would think we've been getting money from them, all these years and we somehow have something to repay.

DCB: Yes, the UK did contribute and also benefited accordingly.

The phased approach to the negotiations, and includes the disentanglement of rights and obligations in the first phase of the negotiations, with the aim of achieving an orderly withdrawal of the UK.

EU Member States jointly make decisions with financial implications, which often spread over a number of years. Among other factors, this is due to the multiannual nature of many EU programmes and projects, since the EU budget has a significant investment component.

Specific reference is made to a'single financial settlement', whose function is to ensure that both parties meet the obligations resulting from the entire period of the UK's EU membership.

The single financial settlement should cover issues related to the EU budget, the termination of membership of all bodies and institutions established by EU Treaties, including the EIB, and the UK participation in other instruments related to EU policies such as the EDF. While reiterating that all obligations and liabilities (including pensions and contingent liabilities) must be taken into account. By means of the financial settlement, the UK should pay in full the costs triggered by the withdrawal process such as those related to the move of EU agencies or bodies from the UK to new seats (currently, the European Medicines Agency and the European Banking Authority are located in London).

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fleccy
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RE: David Davis - a complete idiot!..
Today 15:59
fleccy
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RE: David Davis - a complete idiot!..
Today 15:49
DCB on your points.

1) Divorce settlement: EU is simply requesting that past commitments made by the EU are respected by the UK government...

The UK has been a net contributor to the EU, why should we owe them anything? Anyone would think we've been getting money from them, all these years and we somehow have something to repay.

2) Irish border: EU want to ensure that whatever arrangement is put in place is a workable solution to:

Northern Ireland either stays part of the UK, or becomes part of a United Ireland. The Protestants currently outnumber the Catholics in NI and want to remain part of the Union. It takes two to compromise in a "divorce", all i'm hearing from the EU is you're leaving, you sort it out. The problem with the current batch of UK politicians is that they've no backbone, they should just do the necessary and say the only way forward is a hard border.

3) Protect the rights of EU citizens in the UK..
It would be political suicide to offer EU citizens more rights than a UK born citizen, what the EU are asking for is unpalatable to UK citizens. As an example of a clearly unpalatable demand from the EU, take a look at child benefits.
https://www.theguardian.com/politics/2017/jul/22/eu-child-benefits-brexit

In summary the EU want everything and are offering very little upfront. The UK Government, being weak, may eventually buckle to this, but I wont be buying anything EU going forward. I'd pay twice as much to avoid anything made in the EU from now on.
deadcatsbounce
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RE: David Davis - a complete idiot!..
Today 15:22
Fleccy so you are going to turn your back on your closest trading partners?

Wow!

I wouldn't want to be chancellor of the exchequer under that scenario...

*********************************************************************************

On the phase 1 issue please see below...

1) Divorce settlement: EU is simply requesting that past commitments made by the EU are respected by the UK government...

2) Irish border: EU want to ensure that whatever arrangement is put in place is a workable solution to:

- Control the flow goods and people
- Does not create an environment where those ba^&*%d terrorists can stir things up again.

3) Protect the rights of EU citizens in the UK..

To me the above are common sense issue to resolve. I've no idea what the problem is and why it is taking the UK government so long to sort them out....

Perhaps, dare I suggest it, incompetence on the part of the UK Tory elite...
Troajan
Posts: 38,995
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fleccy
Today 15:19
we should hear of some kind of housing stimulus programme next week.(it's a start)
4o years overdue.lol.
fleccy
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RE: lloy
Today 15:11
Yep, I believe the Irish Republic have attracted a lot of business on the back of low corporate tax rates, but the EU are now kicking back on that. Because the Irish Republic is part of the Single market, they come under the jurisdiction of the European Courts and regulators. What this means is that the low corporate tax rate is being perceived as state aid and companies are being sued by the EU for running their business in an unfair tax regime. The Irish Republic's days, as a low tax environment, are numbered. The UK, on the other hand, will have the flexibility to do whatever it wants, once we are unshackled from the ECJ. The reason the EU want jurisdiction over us, after Brexit, is so they can hold us down with a foot on our neck. The UK Government are right to refuse jurisdiction from the ECJ. My view is that we should abandon any talks on beneficial trade agreements and just work on the treaties that relate to Euratom, open skies and third country equivalence in banking legislation, as well as any others. If the EU don't want to talk trade, then WTO it is, i'm sure we can import most of the things from elsewhere in the world. The UK was never going to be able to meet the three criteria set out as the "divorce settlement", other than total capitulation. The EU should be careful, as the saying goes, an animal is at it's most dangerous when it's cornered and the way I view it, the EU have backed the UK into a corner. Davies and May should just hold their ground now and if the talks stall in December, they should start spending on the infrastructure required for a no deal Brexit.
Troajan
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lloy
Today 14:43
dont ireland write ireland off
the lowest corporate tax rate in europe.
a magnetic force to the big guns.
fleccy
Posts: 1,850
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RE: David Davis - a complete idiot!..
Today 14:34
DCB. The thing about the EU, is that Ireland is currently being allowed to punch above its weight, because it suits the EU elite, once Brexit is done and dusted, the Irish Republic will sink to its low place in the priority rankings, probably somewhere close to Greece. The Irish Republic has done well on the back of the UK and being geographically distant, from the R EU, being on the opposite side of the UK, will have very little influence in the EU. Going forward, the Irish Republic will likely get shafted on nearly everything. I suggest you invest in the metaphoric economic equivalent of KY Jelly, because you're going to get really sore otherwise. The EBA will likely go to Frankfurt, the EMA will likely go to Paris, getting sore yet, because I really don't care where they go, because it was clear they were going ages ago. If you're going to try and hit us with a stick, you're missing and keep hitting yourself.
hooky61b
Posts: 554
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deadhead
Today 14:14
i just hope uk have more backbone than ireland they bent over!lads
fleccy
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RE: David Davis - a complete idiot!..
Today 13:57
DCB you say "Pro-brexit supporters time to bend over and take a big frankfurter!"

You should twitter message Varadkar, he knows all about bending over and taking "a big frankfurter!"




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