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politicalbetting.com » Blog Archive » Not before 2022 now joint favourite with Q2 2019 for when Brex

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  • AndrewAndrew Posts: 2,900
    edited March 2019
    SeanT said:
    What amuses me is the number of people at the BBFC who will basically have to watch and classify porn for a living. That'll be fun to explain at dinner parties.

    Also, will we have a state body issuing wanking licences?

  • kle4kle4 Posts: 98,601
  • FrancisUrquhartFrancisUrquhart Posts: 83,555
    edited March 2019
    kle4 said:

    Just had a look. I did not know things were so monopolistic.
    Not just that, but it incredibly secretive...nobody is really sure who really controls it, more shell companies than apple etc. It isn't even clear that the supposed founder actually was as much an owner as thought, as he mysteriously managed to get crazy amounts of money from somewhere to buy up some many sites.

    Somehow some kid in his bedroom supposedly managed to buy up the whole of the filth industry, totally change the cost model for talent, and bust everybody else in a matter of a few years. Story does non compute....
  • rcs1000rcs1000 Posts: 59,441

    And the deficit is now quite low too. The government has spent years fixing the roof while the sun wasn't even shining that brightly - if ever there were to be a time to risk a no deal exit this would be it.
    Change in government debt by country, 2007-2017:
    UK          45.80
    US 42.41
    France 32.50
    Italy 32.00
    Australia 29.70
    Canada 23.30
    Germany 0.40
  • HYUFDHYUFD Posts: 127,141
    kjohnw said:

    looks like we are heading to no deal. TM will not commit political suicide by revoking Brexit. she wont request long extension because her own party would split. She wont go second referendum or JC Brexit. the only option she has is to renegotiate her own deal which EU will not do. time is running out now, chances are we are leaving for a world trade deal. It will be short term disruption. but nothing like the doomsayers have predicted. Long term we will gain advantages over the EU , and see some real Brexit dividends. I don't think it will destroy the Tories. with a new leader they could become very popular.
    It won't be that either as there is no majority in Parliament for a WTO deal with the EU as well, if we end up with No Deal it will be short term and merely a staging post to SM and CU BINO or even worse rejoin the EU with the Euro etc, May's Deal is the most Brexity on offer
  • kjohnwkjohnw Posts: 1,456
    HYUFD said:

    It won't be that either as there is no majority in Parliament for a WTO deal with the EU as well, if we end up with No Deal it will be short term and merely a staging post to SM and CU BINO or even worse rejoin the EU with the Euro etc, May's Deal is the most Brexity on offer
    if we no deal and a new leaver tory pm takes over and goes to country for a mandate I don't think we will BINO , we will refuse payment to EU , and dare them to do deal like Canada plus. they may refuse, but i think they will capitulate out of self interest in the end.they will get majority IMO
  • HYUFDHYUFD Posts: 127,141
    edited March 2019
    kjohnw said:

    if we no deal and a new leaver tory pm takes over and goes to country for a mandate I don't think we will BINO , we will refuse payment to EU , and dare them to do deal like Canada plus. they may refuse, but i think they will capitulate out of self interest in the end.they will get majority IMO
    The EU will not do a Canada Deal for the UK without the backstop, only for GB, as 2017 proved the Tories are unlikely to get a majority on a hard Brexit platform
  • Philip_ThompsonPhilip_Thompson Posts: 65,826
    rcs1000 said:

    Change in government debt by country, 2007-2017:
    UK          45.80
    US 42.41
    France 32.50
    Italy 32.00
    Australia 29.70
    Canada 23.30
    Germany 0.40
    Debt and deficit are very different words.
  • kjohnwkjohnw Posts: 1,456
    HYUFD said:

    The EU will not do a Canada Deal for the UK without the backstop, only for GB, as 2017 proved the Tories are unlikely to get a majority on a hard Brexit platform
    2017 was lost because of the death tax, not brexit
  • NormNorm Posts: 1,251
    edited March 2019
    Blimey what a load of Corporal Jones's on here earlier this evening, admittedly virtually all of them members of the remainer fraternity. Mind you if the remainer panic attack reaches Westminster and prompts a few more opposition MPs into supporting the Deal then maybe it's not such a bad thing.
  • rcs1000rcs1000 Posts: 59,441
    edited March 2019

    Debt and deficit are very different words.
    Ten years into an economic expansion you shouldn't be boasting of your deficit being a little smaller, you should be boasting about your surplus.

    Over the cycle, debt-to-GDP should remain at a stable level. We've managed the worst performance - bar Japan - in the G8.

    Edit to add: it gets worse. Almost all the other G8 countries have seen consumer and corporate debt levels reduce substantially. Not us. Wee hee!
  • NormNorm Posts: 1,251
    edited March 2019


    "Ten years into an economic expansion you shouldn't be boasting of your deficit being a little smaller, you should be boasting about your surplus.

    Over the cycle, debt-to-GDP should remain at a stable level. We've managed the worst performance - bar Japan - in the G8.

    Edit to add: it gets worse. Almost all the other G8 countries have seen consumer and corporate debt levels reduce substantially. Not us. Wee hee!"

    Odd that given you also read about the current corporate cash mountains. As for consumers a dose of higher interest rates might curb their appetite for debt. Whoops!
  • MarqueeMarkMarqueeMark Posts: 54,577

    I hope this isn't really what they're thinking:

    > A short extension, with a definitive end, is seen as risky in Whitehall because it could lead to a no-deal exit.
    > But it could potentially help the prime minister pass her deal by presenting a final challenge to her party: support her deal or guarantee a no-deal exit.

    The Tories whose votes she need *want* a no-deal exit...
    As does Corbyn. But Labour MPs?
  • ChrisChris Posts: 11,923
    Norm said:

    Blimey what a load of Corporal Jones's on here earlier this evening, admittedly virtually all of them members of the remainer fraternity. Mind you if the remainer panic attack reaches Westminster and prompts a few more opposition MPs into supporting the Deal then maybe it's not such a bad thing.

    Yes - how ridiculously stupid people are to be panicking about this.

    There is still plenty of time to sort this out - a full nine days in fact. And above all the process is in an eminently safe pair of hands. The same pair of hands that have got us into this position, in fact.

    From the fuss people are making, anyone would think businesses needed to be able to plan several days - or even more - in advance. Why on earth can't they follow the example of our genius prime minister, and just come out with the first excuse that comes into their heads, to avoid making any kind of plan whatsoever?
  • HYUFDHYUFD Posts: 127,141
    kjohnw said:

    2017 was lost because of the death tax, not brexit
    If that was the case the Tories would have a big lead in all polls now having scrapped it
  • Dura_AceDura_Ace Posts: 14,340
    Norm said:

    Blimey what a load of Corporal Jones's on here earlier this evening,

    Brexit mean's Brexit.
  • rcs1000rcs1000 Posts: 59,441
    Here's the problem: if the conservative Party overthrows Mrs May to get someone more amenable to a No Deal Brexit, there is every possibility they lose they majority due to defections to the Tiggers.

  • MikeLMikeL Posts: 7,772
    Lots of people predicting No Deal Brexit on here tonight.

    Yet No Deal Brexit still available at 7.6 on Betfair (almost unchanged over last few days)!
  • viewcodeviewcode Posts: 24,323
    MikeL said:

    Lots of people predicting No Deal Brexit on here tonight.

    Yet No Deal Brexit still available at 7.6 on Betfair (almost unchanged over last few days)!

    I'm already covered for no-deal on 29th March. What I'm not covered for is postpone-and-no-deal, which is looking increasingly likely. Unfortunately the Betfair Sportsbook odds terminate on the 29th, and (as previously explained) I don't do online betting, so I can't do Betfair Exchange. There is an interesting market on whether GBP will reach parity with EUR, but at this point it seems simpler to just buy EUR/USD.
  • DavidLDavidL Posts: 55,197
    rcs1000 said:

    You know, someone did a video on the consequences of No Deal Brexit...

    In summary: it would not be the end of the world. Food would not become scarce.

    But it would be a nasty shock to the system. Not 2008 bad, but quite possibly 1990 bad.
    I think a no deal Brexit is sub-optimal. I think mini-deals would be in place either already (and they have been agreed in many cases) or almost immediately but there is no question that what remains collectively our largest trading partner would be royally pissed off.

    There are a range of areas, specifically in respect of us rolling over EU trade deals, where that state of mind could make them (even more) difficult to deal with and that is not in our interests. Reluctance on their part to agree equivalence of regulation would also cause us issues and a short term shock to the economy which we can avoid with a deal. But the end of times it isn't. The likelihood of a recession taking hold in the EZ will have a bigger effect on our economy.
  • DavidLDavidL Posts: 55,197
    rcs1000 said:

    Here's the problem: if the conservative Party overthrows Mrs May to get someone more amenable to a No Deal Brexit, there is every possibility they lose they majority due to defections to the Tiggers.

    Well that is one of the problems. There is also the likelihood of the DUP not backing a no deal Brexit which would create a hard border in NI meaning that there is no majority in Parliament. There simply aren't the numbers in Parliament for a no deal Brexit. It remains questionable whether there are the numbers for any kind of Brexit. I increasingly think not.

    The worst possible outcome is a long extension with continued uncertainty and a repeat of the incentive to relocate that we have endured for the last 2 years discouraging investment and incentivising name plate switching to Dublin etc with potential impacts on our tax base. Our political class seem increasingly focused on achieving this. Inevitably.
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