Ah the fish. That rule is there to prevent overfishing and applies to all European countries. But the joke is that UK fishermen have sold almost 50% of their quota to EU trawlers. I guess they didn't even want to catch their full quota.
RE: On a no deal brexit i can see returning to mid 20's again!12 Dec 2020 10:14
Yes, mid 20's seems about right to me too. If lower on overreaction it might be a genuine opportunity. Maybe not though because I can see our economy seriously damaged for many years to come, and will likely never keep pace with the EU again.
"I hope that it doesn’t get more difficult for German cars/machines/tools and french wine to get into the U.K."
They will still get into the country. We will still buy their stuff. Only we will pay tariffs on them and wait longer to get them. But we have brought that upon ourselfs, no one else to blame.
The share price is in the process of factoring in a no deal, but where is the bottom. IMHO it could be 25p, because it always drops lower than you think it possibly could.
If you are so sure it is still the will of the majority to leave the EU then a vote is the best way to confirm. My theory is that the mojority never did want to leave, but unlike the brexiters they couldn't be bothered to go out and vote because they thought remain would win anyway. For that tragic mistake I do blame my fellow remainers. The brexiters were more motivated to go out and be heard, but they are not the majority.
RE: Sincere Apology ....So Sorry Mates10 Dec 2020 11:27
Judging by the collapse in the share price we will fail mightily without a trade deal, as expected. I reduced by 2/3 early this week. Glad I did so. I will have cash to buy back when this has hit the mid 20's
RE: Europe closes mixed on vaccine, Brexit news9 Dec 2020 19:35
Let's hope EU grants trade deal. Else I hope for a hard brexit punishing poor brexiters the hardest. Canada deal is 20 billion, far short of 700 billion with EU. But brexit voters don't understand numbers. That's why the 250million per week left such an impression, even though its a drop in the ocean.
EU employment rules would be a very good thing. Imagine your employer cut cut your holiday allowance in half, or sack you on the spot for no reason. The rules are a benefit to UK employees, but could be lost in a no deal regression.
RE: Lloyds Bank shares likely to struggle with Brexit and economic headwinds in 20218 Dec 2020 20:50
Hmm the problem with the travel sector is that its going to need its own shot in the arm soon. Don't get me wrong, I have done well out of TUI and ezj, but 8 months of inactivity is going to need some rights issues I. E dilution to restore working capital.
EU might not get our cash contributions anymore, but they will also leave behind a huge expense. The UK has always been a drag on them. They will now be able to move ahead, leaving us in the dust.
RE: Deal or No Deal affects todays price???? joke!!!!7 Dec 2020 16:03
It's the outcome and conclusion of the brexit process that counts ie deal, not great but better than nothing, or no deal, chaos, impending doom, wto without any preparation.