Sharesmagazine
 Home   Log In   Register   Our Services   My Account   Contact   Help 
 Stockwatch   Level 2   Portfolio   Charts   Share Price   Awards   Market Scan   Videos   Broker Notes   Director Deals   Traders' Room 
 Funds   Trades   Terminal   Alerts   Heatmaps   News   Indices   Forward Diary   Forex Prices   Shares Magazine   Investors' Room 
 CFDs   Shares   SIPPs   ISAs   Forex   ETFs   Comparison Tables   Spread Betting 
You are NOT currently logged in
 
Register now or login to post to this thread.

Referendum : to be in Europe or not to be ?, that is the question ! (REF)     

required field - 03 Feb 2016 10:00

Thought I'd start a new thread as this is going to be a major talking point this year...have not made up my mind yet...(unlike bucksfizz)....but thinking of voting for an exit as Europe is not doing Britain any good at all it seems....

grannyboy - 30 Apr 2016 18:28 - 1436 of 12628

Another thing i thought appropriate and commensurate with Vietnam and the EU...

They are prone to support one party states or dictatorships, just like the EU who think having a referendum in a democracy hinders the EU expansion project..

An absolute disgraceful piece of neutral journalism.......

MaxK - 30 Apr 2016 19:59 - 1437 of 12628

About time the big guns weighed in of the brexit side: Don't read this Fred, it will make you feel sick.




Everyone’s lining up against Brexit, but voters aren’t fooled

By
Liam Halligan


30 April 2016 • 4:47pm




British voters can decide whether the EU is working on June 23 Credit: Reuters



UK GDP grew by 0.4pc during the first three months of 2016, we learnt last week, down from 0.6pc the quarter before. “The threat of leaving the European Union is now weighing on our economy,” claimed Chancellor George Osborne.

The Bank of England is worried about “a fall in sterling due to fears of Brexit”, we’re repeatedly told, the latest Threadneedle Street intervention also warning of “a lower path for growth” if British voters have the audacity to leave the EU.

And if only “uncertainty” hadn’t been “heightened by the UK’s referendum on EU membership”, Janet Yellen opined last Wednesday, the mighty Federal Reserve might now be able to raise interest rates, helping the US central bank steer global markets away from dependence on emergency measures and back towards normality.

With Britain’s EU decision-day less than two months away, every official economic body now seems to be telling us Brexit would send the British economy to hell in a hand-basket – and even threat of Brexit is already doing untold damage.

So what if the UK referendum date wasn’t set until the end of February, most of the way through the first quarter, or growth also slowed across Asia and the US?

So what if sterling already fell 10pc against our main trading partners between December and March, has since staged a partial recovery, and is anyway on a long-term decline given repeated massive trade deficits and the doubling of the UK’s national debt.

So what, also, if many British exporters actually want a lower pound?

So what if the real reason the Fed doesn’t dare raise rates further, having told us in late-2015 to expect four increases this year, is that Western stock and bond prices are so pumped up on printed money, so dependent on the drip-feed of central bank largesse, that any move could send financial markets haywire?



Full article here: http://www.telegraph.co.uk/business/2016/04/30/everyones-lining-up-against-brexit-but-voters-arent-fooled/

iturama - 02 May 2016 08:27 - 1438 of 12628

Remember Milliband ? The one that likes to put his notes on Ed stones while the rest of us use Post-its? Now he tells us that the Brexits could endanger the planet. Just after Brown saved it.
The former Labour leader will join forces with Environment Secretary Elizabeth Truss, Green party leader Caroline Lucas and former Lib Dem minister Sir Ed Davey to claim that ‘our global habitat’ will suffer if Britain leaves the EU.
The quartet have signed a joint declaration claiming that EU membership is ‘central’ to Britain’s efforts to tackle environmental problems.
They claim that problems as diverse as ivory poaching, commercial whaling and illegal logging could all get worse if Britain loses the ‘added clout’ of being in the EU.
And they accuse Brexit supporters of a ‘cavalier ignorance’ of climate change.
Now where are my wellies because I have a lot on today. Don't know which to do first; a spot of whale fishing before that is banned or go down to the allotment to sort out those elephants in my cabbage patch.

black bird - 02 May 2016 09:17 - 1439 of 12628

against building on cornfields to house the rest of the world racist pops up its used
all the time i am sick of it along with political correctness gone potty.

black bird - 02 May 2016 09:45 - 1440 of 12628

stop cornfields being built on stop immigration stop the in crowd stop £150,000,000
per day nett paid to EU my simple approach to in or out. BB

will10 - 02 May 2016 10:05 - 1441 of 12628

BB

Surely it's. £150 million a week. Not a day. If you are going to spout shit get the number more accurate.

MaxK - 02 May 2016 10:18 - 1442 of 12628

£327 million a week, which works out at a mere £17 billion net pa.

Or at least that the latest fig put on the contribution that I have seen.



I'm not sure why peeps get annoyed at this, it's money well spent according to Dave.

will10 - 02 May 2016 10:29 - 1443 of 12628

Maxk

Don't forget what we get back. The nett figure is not £327 million as you well know. But hey don't let the truth get in your way.

MaxK - 02 May 2016 11:03 - 1444 of 12628

What on earth are you talking about?

The gross is something like £50 billion pa, but with rebates and other moneys flowing back, this is reduced to about £17 billion net contribution.

Go and check your facts!

Fred1new - 02 May 2016 11:26 - 1445 of 12628

Mark,

Baloney!


iturama - 02 May 2016 11:30 - 1446 of 12628

Whatever the net cost of contributions to the EU, the full cost is much higher once the costs for the NHS, housing development, schools, education and benefits are added.
I have to wince when I see that the money returned from the EU has to be destined to those areas approved by the Politburo, aka Commission, and have billboards publicising the fact that EU "grant"s are involved. Fines or claw back are the possible penalties for those, including farmers, that don't participate in the propaganda.

will10 - 02 May 2016 11:34 - 1447 of 12628

Maxk

Uk nett contribution is a lot less than £350 million per week. Check it out..

Try fullfact.org .... Google...... What is UK contribution to EU budget.

2015.... UK paid £13 billion to EU budget. EU spending on UK £4.5 billion ..Nett contribution £8.5 billion

Where did you get your £50 billion gross and £17billion nett. ??
Sounds like you're talking bollocks.

MaxK - 02 May 2016 11:53 - 1448 of 12628

I got it off a site put up by someone else, it's from memory.

So the figs might be a bit suspect, but it's still a lorra money.

Try this outfit:


https://fullfact.org/europe/our-eu-membership-fee-55-million/

will10 - 02 May 2016 11:57 - 1449 of 12628

maxk

Thks for link.

I've no beef with you and respect your right to vote what ever way you wish.

But the EU debate is reduced to a farce if suspect figures like £50 billion are pulled out of the air.

Cheers

Haystack - 02 May 2016 12:01 - 1450 of 12628

http://www.telegraph.co.uk/news/newstopics/eureferendum/12176663/EU-Facts-how-much-does-Britain-pay-to-the-EU-budget.html

In 2015, the UK’s full membership fee would have been £17.8 billion. However, Britain doesn’t pay that full fee.

Because of a deal negotiated by Margaret Thatcher in 1984, Britain gets a “rebate”, an annual reduction in contributions.

Last year, that rebate reduced our contribution to £12.9 billion. That’s around £200 for every person in the UK.

12.9 billion is around £35 million a day. That’s less than the £55 million-a-day figure that a lot of people campaigning the leave the EU cite.

That’s because the £55 million figure is based on the EU contribution before the rebate is applied. Brexit campaigners use the phrase “£55 million is sent to the EU every day” to suggest that the gross sum is paid to Brussels before a portion is sent back to the UK.

In fact, the rebate is effectively deducted at source, and so not actually sent to the EU at all.

Using the post-rebate figure, it’s more accurate to say the UK sends £35 million a day to the EU.

What do we get back?

Some of our contribution comes back to the UK in the form of subsidies and grants. British farmers get money from the Common Agricultural Policy and various economic development and scientific research projects get EU cash.

The Treasury says total EU payments to British public were £4.4 billion in 2015. Payments to private organisations were worth another £1.4 billion in 2013 (the most recent year on record.) That suggests we get back almost £6 billion a year.

So the net amount is £6.9 billion. That is £132 million a week or £19 million a day.

MaxK - 02 May 2016 12:01 - 1451 of 12628

I'll have a another look later, see if I can find the link.

But I admit, it does sound iffy.

2517GEORGE - 02 May 2016 12:08 - 1452 of 12628

''The Treasury says total EU payments to British public were £4.4 billion in 2015. Payments to private organisations were worth another £1.4 billion in 2013 (the most recent year on record.) That suggests we get back almost £6 billion a year.

Would be interesting to have a breakdown of where exactly this £5.8 billion goes.
2517

Stan - 02 May 2016 12:14 - 1453 of 12628

People can argue till the cows come home but unless the (so called leading) countries in the world stop looking at

a) Growth at any price and b) debt fuelled growth followed by the inevitable crash then whether we are in Europe or not matters little as far as economics are concerned.

will10 - 02 May 2016 12:21 - 1454 of 12628

Haystack

Yep.. But just for the record £132 million a week to EU is about £19million a day. ( see your piece.... £19/day.... on last line)

We on the "stay in" side wouldn't want to have it thrown back at us that we claimed our contribution was only £19/day

Just so we have a bit of common ground to start the day ....it is not £150 million a day as BB stated, but more like £19 million a day.

Now let the debate rip.

iturama - 02 May 2016 12:37 - 1455 of 12628

A gauge tracking Poland’s manufacturing industry had its second-biggest one-month decline since the global financial crisis in late 2008, marking “an abrupt loss of momentum” at the start of the second quarter, according to Markit Economics.
The Purchasing Managers’ Index fell to 51 last month from 53.8 in March, remaining above the 50 threshold that separates contraction from growth, Markit said in a statement on Monday. April’s reading, which dropped below the figure for the euro area, was worse than than every forecast in a Bloomberg survey of 16 economists, whose median estimate was 53.
“The Polish manufacturing sector lost all the momentum gained since January,” Trevor Balchin, senior economist at Markit, said in the statement. “Moreover, a marginal rise in new orders suggests that overall conditions in the sector will remain subdued in May.”
A burst in economic expansion in late 2015 has fizzled out last quarter as the new government rolls out measures to prop up demand. Growth decelerated “sharply” from March in manufacturing output, new orders and employment, according to Markit.
The stumble will heap more pressure on the central bank, which has pointed to one of the European Union’s fastest economic gains as it kept borrowing costs unchanged since March 2015 despite the longest bout of deflation in 60 years.
Poland is the largest net beneficiary of EU aid, or wealth switching, but it doesn't appear to be doing much. I have spoken to a number of Poles regarding this aid and while they recognise that there are noticeable infrastructure improvements, job and wage growth is zero.
Register now or login to post to this thread.