Australian (ASX) Stock Market Forum

Brexit OUT of EU: What happens now?

I'm of sufficient vintage to recall the Antipodean resentment when Britain first entered the (then) Common Market.

The sense of abandonment, even betrayal that Australia and NZ felt, especially the dairy/ beef/ wool exporters, suddenly shut out.

How the wheel has turned. Roll on Free Trade Agreements!
 
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As the UK moves to eventual ties with the United States, The Commonwealth, Japan, South Korea, Hong Kong, Russia and China

Https://youtu.be/Px6GKO95WU4 - Dame Vera Lynn 'The White Cliffs Of Dover' + 'We'll Meet Again' 1984

Https://youtu.be/mj3mn8y5OHI - The Story Behind The Song Danny Boy

Https://youtu.be/8m8AHHduTM0 - Amazing Grace: The Story Behind the Song



Https://youtu.be/YaxGNQE5ZLA - The story of Francis Scott Key
Https://en.wikipedia.org/wiki/Francis_Scott_Key

Day, Britain! Australia eyes post-Brexit trade deal with UK before end of 2020
BORIS JOHNSON has received a huge boost after Australia said it wants to finalise a post-Brexit trade agreement with the UK before the end of 2020

Meanwhile, Australia is aiming to wrap up a trade agreement with post-Brexit UK by the end of the year, the country's trade minister has said. Simon Birmingham said Canberra wanted an agreement which 'essentially eliminated tariffs, quotas, trade barriers as much as is possible.
Https://www.thisismoney.co.uk/money/markets/article-7951165/FTSE-LIVE-Australia-looking-quick-free-trade-deal-Formula-One-owner-buys-Aston-Martin-stake.html

Https://youtu.be/dVZzRY0X6_g - Hong Kong Handover Ceromony 1997

Https://youtu.be/TJ2D_ccUBIk - Putin Invites British Businessmen To Invest In Russia's New National Projects

Https://youtu.be/ZN4ZzNdwvCM - Britain, South Korea sign free trade deal ahead of Brexit

Https://youtu.be/tvlSvqzpoqc?list=TLPQMDEwMjIwMjCwPHNG_l1lkA - 0:48 / 1:40
#Brexit #UK #Japan
Brexit - UK and Japan unite for deal FAR BIGGER than EU
 
Interesting surge of wage growth in the U.K., Labour want the wage threshold dropped to encourage skilled migrant workers to the U.K.

https://www.macrobusiness.com.au/2020/02/uk-labour-demands-migrant-slave-wages/
From the article:
Labour said the “hostile environment” will make it hard to attract workers…

Shadow home secretary Diane Abbott said… “Ultimately, it will also be very difficult to attract the workers we need at all skill levels while the Tories’ hostile environment is in place. It needs to go”…

But Home Secretary Priti Patel said the new system would mean “the brightest and the best will be able to come to the United Kingdom”.

The government, which said it was aiming to reduce overall migration to the UK, wants a “points-based” immigration system – as it promised in its election manifesto.

Under the scheme, overseas workers who wanted to come to the UK would have to speak English and have the offer of a skilled job with an “approved sponsor”.

They would be awarded 50 points if they fulfil these criteria…

“It is important employers move away from a reliance on the UK’s immigration system as an alternative to investment in staff retention, productivity and wider investment in technology and automation,” it said
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Labour’s faux concerns about skills shortages are also bunk.

Except in very limited circumstances, there is no such thing as a shortage of labour. There is only a “shortage” of labour at the price/ wages firms are generally willing to pay.

The very purpose of migrant workers is to suppress wage growth by allowing employers to recruit from a global pool of labour to compete with local workers. Thus, if UK employers want to attract workers there is a simple solution: raise wages. This is how the “market” is supposed to function when their are shortages.

Allowing the mass importation of foreign workers will circumvent the ordinary functioning of the labour market by enabling employers to pluck cheap foreign workers in lieu of raising wages. It will also discourage employers from training locals in favour of hiring ready-made workers from overseas. This is deleterious for both workers and the broader economy.

The union movement should sue the “Labour” Party and demand they change its name. Because they no longer represent ordinary UK workers
.

It doesn't sound as though the U.K is imploding, it actually sounds as though things are bubbling along nicely, all the ranters and chanters seem to have moved on.:xyxthumbs
 
Boris goes into overdrive, the left will be wrapped.:xyxthumbs
https://www.smh.com.au/world/europe...d-off-coronavirus-threat-20200312-p5497d.html
From the article:
The Chancellor embraced several new "pollution taxes", including levies on gas, diesel and plastic, saying that "radical" action would be required to meet Britain's net-zero 2050 pledge and risked another stoush with US President Donald Trump by imposing a tax on big tech companies including Google, Facebook and Amazon.

Earlier on Wednesday, the Bank of England slashed interest rates by 50 basis points to the record low of 0.25 per cent in the first emergency cut since the financial crisis.


Delivering his first budget since his shock elevation into No. 11 Downing Street (Britain's Chancellor of the Exchequer residence), 39-year old Sunak said the country would recover from the economic shock but that times would get tough
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Now for the bickering, about who is going to stump up the money, that the U.K used to put into the EU slush fund.

https://www.irishtimes.com/news/wor...-of-higher-eu-budget-share-shocking-1.4186014
From the article:
French president Emmanuel Macron described Rutte’s unwillingness to swallow a bitter Brussels pill – increasing the Dutch share of the EU budget between 2021 and 2027 from €5 billion to an annual average of €6.9 billion – as “shocking”.
EU president Charles Michel weighed in as well. After a late-night meeting with Rutte and the leaders of Denmark, Austria and Sweden – the other three refuseniks – he could scarcely believe they were still holding out, declaring: “What arrogance!”

That same exasperation was evident when Spain’s Socialist prime minister, Pedro Sánchez, asked reporters: “Does Rutte realise that I represent more people than his Frugal Four all put together?”

Britain’s departure from the EU has left a gap of €75 billion over seven years in the EU’s finances – and those who remain have to fill it.
Or do they? Rutte – not unreasonably, given the degree to which money is squandered, according to the European Court of Auditors – favours a smaller budget, more efficiently applied
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The Poms have effectively torpedoed the EU. it's just a matter of how fast the whole damn ship sinks into oblivion now.
 
The Poms have effectively torpedoed the EU. it's just a matter of how fast the whole damn ship sinks into oblivion now.
Well the Germans are going to get sick of propping up the leaners, pretty quickly IMO, a union only works if the members pull their weight.
From what I posted it is obvious that some have been dragging the chain and the U.K was carrying them, funny how all the anti brexit group have gone mute.:D
 
Well the Germans are going to get sick of propping up the leaners, pretty quickly IMO, a union only works if the members pull their weight.
From what I posted it is obvious that some have been dragging the chain and the U.K was carrying them, funny how all the anti brexit group have gone mute.:D

Ditto the pro Trump
 
Well the Germans are going to get sick of propping up the leaners, pretty quickly IMO, a union only works if the members pull their weight.
From what I posted it is obvious that some have been dragging the chain and the U.K was carrying them, funny how all the anti brexit group have gone mute.:D
and the EU has been absolutely crap in handling this crisis, no global response just a shamble, even worse than the member states so people will remember:
EU= open gates to illegal migrants, move jobs to Romania and left the virus in
When anger will arrive, EU is out
 
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