Brexited | the worst threads live the longest

Do you think there will be a Deal or No Deal?

  • Total voters
    194
  • Poll closed .
Paul the Wolf said:
Sure they don't believe it's true now . But that's my point, if what is predicted to happen , does actually happen, I'm not even sure that that many would even then change their minds. I know it sounds insane but what's sane about voting leave in the first place.
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Definitely. No matter how bad it gets, people like my mother will still believe that it's worth it and the pound and economy will recover in time.
 
JPRouve said:
Do you know about how financial passporting work is it linked to an original market?
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To an original market? Sorry, I don't follow. Even Switzerland doesn't have passporting, no way the UK is.
Paul the Wolf said:
Does she indicate what the goal is at the end of the tunnel having probably suffered all the hardship?
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Hook, line and sinker guff about controlling our own borders, setting our own laws etc...The veil does slip occasionally and she'll bring up immigration. Sorry I've moaned about this several times on here, but she rants about too many immigrants despite loving my wife who is a non-white immigrant. Annoys me even thinking about it.
 
Jippy said:
To an original market? Sorry, I don't follow. Even Switzerland doesn't have passporting, no way the UK is.
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Sorry, I didn't use the correct term and found what I was looking for in a brief about third country equivalence in EU banking legislation.
 
Jippy said:
Hook, line and sinker guff about controlling our own borders, setting our own laws etc...The veil does slip occasionally and she'll bring up immigration. Sorry I've moaned about this several times on here, but she rants about too many immigrants despite loving my wife who is a non-white immigrant. Annoys me even thinking about it.
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Exactly the same as everyone I know who voted Leave including family members.

I did see some UK immigration figures the other day, immigration from EU countries continues to drop but replaced by immigration from non-EU countries so no overall reduction.
 
JPRouve said:
Sorry, I didn't use the correct term and found what I was looking for in a brief about third country equivalence in EU banking legislation.
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Ah, right. I don't think the EU is accepting equivalence with financial services. Certainly the asset managers and banks have been beefing up their continental operations.
May seems happy to screw the golden goose that is the City.
Don't anyone knows what the impact will be tbh.
 
Paul the Wolf said:
Exactly the same as everyone I know who voted Leave including family members.

I did see some UK immigration figures the other day, immigration from EU countries continues to drop but replaced by immigration from non-EU countries so no overall reduction.
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Yep she is 73 and in East Yorkshire, so core Brexit demographic. I do believe it was more than anti-immigrant bigotry with her. It defo played a part, but there is also that nostalgia for empire and British 'greatness' too I think.
 
Jippy said:
Ah, right. I don't think the EU is accepting equivalence with financial services. Certainly the asset managers and banks have been beefing up their continental operations.
May seems happy to screw the golden goose that is the City.
Don't anyone knows what the impact will be tbh.
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I'm not familiar with the industry so i didn't knew that it actually existed but the principle does exist, here you have a pdf from the European Parliament.
 
Sweet Square said:
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Saw that earlier,
First comment, I do love the Red x brigade, it's an excellent movement, easily spot the tw*ts.
I made the mistake of descending into Brexit twitter earlier, that is one cesspit of shite. It's as bad as Trump / Altright twitter. Plenty of crossovers it seems.

Didn't take long to find the Boris for PM and JRM 'the king of the people' comments..
 
I'm not sure why anyone is expecting anything different from the likes of him.
 
Jippy said:
The project fear double bluff. It genuinely annoys me that this is the quality of information people are getting about the Brexit negotiations.

https://www.thesun.co.uk/news/7107410/eu-diplomats-no-flights-no-ships-brexit/
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I would be more annoyed if the conversation wasn't so alienating and well.....fecking boring. I try for the most to stay engaged with the negotiations process and the basic come away I get is that well it's a pretty stupid idea to go through with but to actual stop it is to rid the idea that democracy has any meaning in the UK(Which would be a very bad thing to happen and will act like jet fuel to far right poltics).

The conversation has just ended up between two odd fringe groups of the population. The first being hard Brexit people who will happily stick a border up again in the north of Ireland and potentially crash the economy so long as we can take away tv's from prisoners. The second group being remain people who have fixation on mental health(Did you know everyone else is ''INSANE'' and ''MENTAL'')and a nauseating lack of self awareness.

So why listen to Michel Barnier give the same speech for the millionth time explaining the UK government is doing feck all and to then have that speech examined by either a spectator writer who thinks Churchill wasn't a massive racist bastard(He really was) or guardian writer/summer house owner. Because there is a alternative to all of this alienating nonsense which is I have a really nice blu-ray version of John Carpenter The Thing at home.
 
Imagine, the argument for brexit is that it won't be the end of the world.
 
She is also expecting to have a deal by October, the EU summit is in 51 days time.

Of the withdrawal agreement 75% was agreed more than 8 months ago. 80% was supposedly agreed in April and has not progressed since. Yet the remaining 20% will supposedly be agreed within 8 weeks. So the UK will cave in and remain in the CU and SM then?
 
As Theresa May is trying to encourage the private sector to diversify trade away from the EU (because it's too easy??) and encourage more trade with the rest of the world (because it's much more difficult??) and thus her current journey to several African countries to promote this.

Now, some little UK company who currently sells products to some other company in the EU, just needs to load it on a truck or a plane with a packing list and an invoice and knowing that the product he is selling conforms to EU regulations.

Instead she wants him now to sell his product to a company in Nigeria for example.

Without taking into account the shipment time, the severe delays in Nigerian ports, inspection in the port when it arrives, shortage of foreign exchange to pay and that is if all goes reasonably smoothly, here is part of the other things this little company will need to do:

GUIDELINES

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  1. Any person intending to import physical goods into Nigeria shall in the first instance process e-Form "M" through any Authorized dealer bank irrespective of the value and whether or not payment is involved;
  2. The initial validity period of an approved e-Form "M" for general merchandise shall be 180 days, which may be extended for 180 days by the Authorized Dealer Bank. For capital goods, the initial validity of an approved e-Form "M" shall be 365 days subject to a maximum extension of another 365days. However, any subsequent request for subsequent revalidation of e-Form "M" shall be forwarded to the Director Trade and Exchange Department, Central Bank of Nigeria, for consideration.
  3. Supporting documents shall be clearly marked "Valid For Forex/Not Valid for Forex" as appropriate i.e. depending on whether or not foreign exchange remittance would be involved.
  4. All applications for goods subject to Destination Inspection shall carry the " BA" code, while those exempted shall include "CB" in the prefix of the numbering system of the e-Form "M". Payments for goods exempted from Destination Inspection under the Scheme, would not be carried out in the Foreign Exchange Market, without a prior approval from the Central Bank of Nigeria. The list of goods exempted from Destination Inspection shall be as approved by the Honourable Minister of Finance and the approval shall be a pre-condition for the completion of e-Form M exempted from Destination Inspection.
  5. The e-Form �M� and the relevant pro-forma invoice ( which shall have a validity period of three months) shall carry a proper description of the goods to be imported to facilitate price verification viz;
    1. Generic product name, i.e. product type, category;
    2. Mark or brand name of the product where applicable;
    3. Model name and or model or reference number. where applicable;
    4. Description of the quality, grade, specification, capacity, size, performance etc.
    5. Quantity and packaging and/or packing.
  6. e-Form �M� shall be valid for importation only after registration by the Nigeria Customs Service (NCS). Consequently, Authorized Dealer Banks are to confirm registration of the e-Form M before proceeding with other import processes.
  7. Documents in respect of each import transaction shall carry the name of the product, country of origin, specifications, date of manufacture, batch or lot number, Standards to which the goods have been produced (e.g. NIS, British Standards � PD. ISO, IES, DIN, etc).
  8. All goods to be imported into the country shall be labeled in ENGLISH in addition to any other language of transaction; otherwise the goods shall be confiscated.
  9. Where import items such as food, drinks, cosmetics, drugs, medical devices, chemicals, etc. are regulated for health or environmental reasons, they shall carry EXPIRY dates or the shelf life ( minimum of half shelf life at the time of importation) and specify the active ingredients, where applicable.
  10. Electrical appliances (fluorescent lamps, electric bulbs, electric irons and ties, etc) shall carry information on life performance while cables shall carry information on the ratings.
  11. All electronic equipment and instruments shall carry:
    1. Instruction Manual;
    2. Safety information and/or safety signs;
    3. A guarantee/warranty of at least six months.
  12. Any false or fraudulent misrepresentation of facts will result in delays and/or impoundment/seizures.
  13. Importation of products not properly labeled shall automatically qualify for seizure and destruction without warning, and subject to prosecution.
  14. All imports into the country shall be accompanied by the following documents:
    1. Combined Certificate of Value and Origin (CCVO), and shall contain the following information:
      1. e-Form "M" no.
      2. Adequate description of goods
      3. Port of destination (The actual port shall be specified e.g. Tin Can, Apapa, Kano, Onne, etc.)
      4. Shipment identification, date of shipment, Country of Origin, Country of supply
    2. Final/Commercial Invoice
    3. Packing list
    4. Shipped/ Clean on Board Bill of Lading/Airway bill/Way bill/Road Way bill
    5. Manufacturer�s Certificate of production, the Phytosanitary Certificate or Chemical Analysis Report, which shall state standards, where applicable, should be made available.
    6. Laboratory test certificates for chemicals, foods, beverages, pharmaceuticals, electrical appliances and other regulated products, where applicable.
  15. The following procedure shall be adopted for payments for:
    1. Letters of credit transactions: where the transactions involve issuance of Certificate of Capital Importation (CCI) and or supplier�s credit, all negotiating documents and or shipping documents (as may be applicable), must be routed from the Beneficiary/Supplier through his/her bank to the correspondence bank of the issuing bank and thereafter to the issuing bank. For the avoidance of doubt, on no account must banks endorse or pay on documents which do not comply with the routing outlined Above.
    2. For Bills for Collection transactions and Unconfirmed Letters of Credit, documents must come to the issuing bank either directly from the supplier�s bank or through the offshore correspondent of the issuing bank.
    3. For 'Not Valid' for foreign exchange transactions (which do not require foreign exchange transfer), the supplier should forward the documents directly to the applicant bank that validates the e-Form M.
  16. For transactions with Post Landing charges, a retention fee of 5 – 15% of the project cost as agreed between the importer and the overseas supplier shall be indicated on both the Contract Agreement and the Pro-forma invoice which shall form part of the supporting documents for the registration of relevant e-Form M. In addition,
    1. the stated fee shall not be remitted until a satisfactory evaluation of the project has been undertaken by the Industrial Inspectorate Department of the Federal Ministry of Industry
    2. The Authorized Dealer Bank shall forward to the Nigeria Customs Service (NCS), Federal Ministry of Industry (Industrial Inspectorate Department) and the Central Bank of Nigeria , Trade and Exchange Department copies of the Contract Agreement and Pro-forma invoice of such projects for monitoring purposes.
    3. The Nigeria Customs Service shall take cognizance of the value of shipment and Post Landing charges as would have been indicated on the Pre Arrival Assessment Report (PAAR)
    4. The Industrial Inspectorate Department, Federal Ministry of Industry shall thereafter carry out an evaluation of the project and advise the Central Bank of Nigeria accordingly
    5. On receipt of the report of the evaluation from the Federal Ministry of Industry (Industrial Inspectorate Department), the Central Bank of Nigeria shall advise the NCS on the issuance of the PAAR in respect of the retained value and the Authorized Dealer Bank advised to remit same to the beneficiary.
  17. Buying Commission: The percentatge of buying commission to be paid to agents or confirming house acting as intermediary between importers and exporters is a maximum of 2% of the FOB value of the consignment, where applicable.
 
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