threegee

I know about what I know about and say clearly when I don't know. I don't give a XXXX about the "Oxford comma", and deploy commas where it seems logical they should go. Also I don't constantly imply you are a "know all", even though a lot of what you say is unreasoned leftie cant - though often tinged with some interesting economic realism. As I've already said there is nothing to recover from - the pound is fine just where it is. If Italy could devalue its currency like that it wouldn't be the economic basket case it now is and people here wouldn't be really suffering. Actually, it would now need to devalue by over three times the UK adjustment, and the debt spiral continues. I think the Italian politicians could say to hell with the ECB and recapitalise the banks anyway, but bank recapitalisation isn't enough as it is still labouring under a currency that is now about 35% overvalued. I think the sad truth is that there's no other visible affects of the Brexit vote to point to, but you really really want there to be negatives. Prove me wrong here; open your eyes to just some of the many positives, and stop talking down our great country.

Actually it's two if you count the potential for new Land Rover production. You ignore the essential point that the mass relocation of business isn't happening, or even being considered. Not "are very concerned" but were sounding very concerned. Economist group-think also affects business leaders, but there were also many business leaders who saw the upside who's views weren't given full exposure by a largely EU compliant media. You are referring to Jim Ratcliffe, and in no way did he want to not pay the taxes due. He asked for a little flexibility in scheduling, and like many things EU no flexibility was forthcoming because one size fits all. Well... we have the flexibility now, and you are going to "be more than happy" when we use it to the advantage of the people of these isles. I'm more interested in home-grown enterprise than imported, but both will happen. A further eurozone crisis is just months if not weeks away, and we are still too attached for comfort. October does not look good.

Rather than companies relocating to the EU as was claimed the reverse is happening: Ineos moves international HQ back to UK Interestingly:

IMF slashes UK growth forecasts after Brexit - but Britain will still outstrip Germany, France and Italy Obviously a quite different IMF from this one: IMF says Brexit would trigger UK recession

I hope you enjoy the favourable exchange rate for a good long time, though I certainly won't be complaining when it improves.

Really?! I'm tempted to say physician heal thyself, but will simply say goodnight!

"It’s enough that it’s a newspaper!" Wow, how nice to live in a world of absolutes, and such certainty! Time after time you've done nothing of the sort. University degrees don't trump hard experience - the rehearsal is not the show! You repeatedly talk down the press, and talk up academics, yet the same economic forces hold for both. So, what precisely have I claimed to be an expert on? Here you've plucked a remark I made in a photo comment about TV aerials from over half a century ago in order to disparage me, and done so without any knowledge of my engineering and financial management experience or accomplishments. I think that maybe your "specializing in one subject" could be viewed as the apocryphal person with a hammer (i.e. viewing everything as a nail). The world has more facets than any of us can ever behold, and a full appreciation of that fact only comes through age and experience - and certainly not through lexical analysis. On your second "challenge": You know that I can only speak from experience. My experience is that practically everything that appears in the Telegraph about the Tory party will turn out to be correct, and that's not the case with any other publication. Obviously journalists don't (and mostly can't) reveal their sources, but (libel laws aside) they do have reputations to maintain, and thrive or not by their acquired reputations. No, you can't simply dismiss it with a trite they "manipulate text to sell copies". I suspect that many academics only maintain their reputations by proxy i.e. much of what they churn out is so thoroughly uninteresting that no one critical ever studies it. And, whether is is relevant or not to the ascent of man becomes itself a proxy issue. BTW I have not the faintest idea of what an "Oxford comma" is!

You are talking down your own country in repeatedly implying that an emergency budget may be necessary when every bit of economic news says it's surely not. I did not vote for "Her Majesty’s democratically elected, Government" and have every right to point out its deficiencies - it's called democracy! We live in a free country, though that may no longer be true where you now live. Cameron is a proven liar, even (no, particularly) his own party don't trust him. He's history now, and I have never criticised May; that's because so far she has acted honestly, even though I may not entirely agree fully with the direction we are now going in. If you follow the news you'll observe that May has made it very clear that she too is appalled by the way the Eton crowd have been playing games with the management of the country. Refer me to a copy of this constitution that I disparage, and point out this actual disparagement please? Of course you don't criticise: you live in a society where the truth has been taken hostage, and anyone who speaks it is labelled an extremist. Would you be talking about Shariah law there or the one the rest of us obey? How many rapes and other atrocities have Muslim "refugees" committed in Sweden this week? Sorry, but I don't want my country to turn in to the basket case that the liberal left has turned Sweden into. France is now waking up to its fate, and you are not going to like what now happens there one little bit, but that is where you apologists for a primitive belief-set that has no place in the modern world are taking much of Europe. I have nothing to be ashamed of, and please keep the school marm lectures and hectoring back in school - where they belong!

Someone who should be admired for "having the guts" to readily admit they were stupidly wrong.

Really?! If so I'd like to apologise. What am I apologising for? I've explained why this article is authoritative in the reply to CL.

I quoted from the Torygraph because it has multiple direct lines into the heart of the Tory government. If I'd wanted to convey what Rupert Murdoch felt on an issue I'd quote from The Times. e.g. The Times got it quite wrong in it's "inside info" on some of May's appointments, though, granted, its mischief did put her into power. The operative word was emergency, and that emergency stemmed from the sudden affects of the Brexit vote. Budgets come along with regularity and are well signposted. There is a logical linkage between cause and effect, no? This linkage is undoubtedly bidirectional: no immediate action, no emergency! Do you take emergency holidays abroad? Most people book holidays well in advance, but in case you haven't you'll need a plausible(?) excuse! http://www.careeroverview.com/blog/2010/100-reliable-and-ridiculous-excuses-for-calling-out-of-work/ My choice: #61. There was a car accident. (Because the driver started to discuss the linguistics of the screamed warning.) That will surely do it!

My friends these days are investors, and they are not all UK based or of UK nationality. They can't help me with the question I directed at you because they don't have any problem. But, apparently, you do have a problem yet fail to advise as to what that problem specifically is. Here be dragons really isn't good enough these days (as Duplicitous Dave discovered quite recently). Put your money where your mouth is and make me a bet that Article 50 won't be invoked (and/or the European Communities Act (1972) revoked) within one year of today's date. I will happily pay up even if I'm just one day long.

ARM Holdings employs four thousand people in the UK. ARM do not "deal ... in" IP they create it! The $32Billion goes straight into the hands of mainly UK based technology funds and investors (like Herman Hauser and some of my long-term investor friends) who will reinvest a lot of it into UK technology. This, of course, has nothing to do with politics or the sclerotic, outdated, EU - it's about real business! My feeling is that we don't need the BBC when we have you and CL to talk down the UK. Yes, please make an exception, and talk about something you know just a tiny bit about. BTW how much do you have invested in British technology companies?

And, due to Brexit there will be no more foreign investment in the UK... Except the largest ever investment in history! SoftBank to buy UK chip designer ARM in $32 billion cash deal Maybe those dumb Japanese investors haven't heard about the imminent collapse of the UK economy?

I didn't say Merc's expectation, I said the general expectation (please read the article). And... I wouldn't patronise you by calling you "young man" even if I wasn't practically twenty years your senior.

Sir Elton John loses bid to block reporting of sexual harassment claim Well... there still might be an odd few people in the UK who still don't know who the famous person accused of sexual harassment was. That's the one who (mis)used the law to buy off the publicity, and then used more of his riches to buy off the alleged victim. Note to self: Add EJ to list of people who fame and fortune has turned into arrogant little sh**s - right under the most recent addition of Bob Geldof.

...don't look in The Guardian, read the Daily Express!

Brian, the general expectation is "Article 50" will be triggered before Christmas, but no one truly knows just at the moment. http://www.telegraph.co.uk/news/2016/07/16/cabinet-clash-over-date-to-trigger-article-50-and-brexit-talks/ I'm not sure if we can complete any other trade deals during the two years negotiation period with the EU. It's certainly against EU law for us to complete any before we give notice. I suspect no one even considered this situation before so it's likely to be a grey area. We all have to hope that May's government uses any grey areas like this to our advantage, because we undoubtedly have a stronger negotiating hand than the EU, and it's difficult to see what they could do about it even if we did start to write our own rules. They are victims of their own arrogance, because they truly believed that no country would have the financial means or the guts to tear itself away from the EU dependency culture. Once we are out they will certainly revise the exit procedure to try to make it a lot more difficult for other nations to leave.

The Turks are revolting! (Some of us will claim to have known that for ages).

What damage would that be specifically? Are you damaged by having more money in your pocket to spend? I'm not damaged by the exchange rate because we made sure that we had plenty of reserves for living expenses (well.. we had to when Goro was busy saving the World), Notionally the value of my second home has gone up, and my pension pot is also up, so if needed I could draw more balance the exchange rate. Swings and roundabouts, and absolutely no lost sleep! It's called the market, and if prices don't move around no one in the market makes any money. The pound was down because Carney (and the Brussels Broadcasting Corporation) has done nothing but talk the pound down. But that's not bad because UK industry is now (as previously mentioned) more competitive. Carney is going to try the age-old management trick of throwing every bit of pessimistic forecasting he can into the mix, and will then claim personal credit when things inevitably turn around. If he told the truth he mention that he's been powerless to achieve the 2% inflation target, and the bit of inflation injected into the economy by a now properly valued pound will enable him to now achieve that. If the target overruns a bit (they are forecasting 2.7%) it's just a matter of time before it hits target once again as things stabilise. Back in the real world, the people at Tata Steel have a good chance of not losing their jobs now that our government is taking back the powers to run our own economy, and we will surely see some resurgence in what's left of our fishing industry, etc.etc. If that's damage then we need a lot more of your kind of damage!

Let's apply a little more of that detail then:- "Philip Hammond, the new Chancellor of the Exchequer, has ruled out an emergency Budget following the UK’s vote to leave the EU." -- The Telegraph "In a sign of the panic gripping the remain campaign, the chancellor plans to say that the hit to the economy will be so large that he will have little choice but to tear apart Conservative manifesto promises in an emergency budget delivered within weeks of an out vote." -- The Guardian I wouldn't like to have you driving me. Doubtless someone in the vehicle spotting an emergency road situation would trigger a discussion on linguistics of their screamed warning. Like communism, some are more equal than others. The fact that Hammond is a remainian - or a damascene convert from same - probably means that he was more inclined than not to do some sort of "emergency" tinkering, and he didn't. Though the Treasury chiefs had doubtless formed a view before he walked through the door. It's certainly not what they were asking us to believe a few short weeks ago. That's not selective quoting because they simply don't admit to any other "scenario". In fact prices are up around 10%, so they couldn't even get the direction right, and they ask us to believe that we will all be £4300 poorer in fifteen years time! Well... on that performance we should all be at least £10,000 better off, and I think it's only prudent that I spend my share now. Cue for CL's analysis of HMG's use of the word "Immediate".

Two more doom monger predictions that didn't happen: 1 ) It's now official (from the new Chancellor) that an emergency budget isn't required. 2 ) Cameron puppet Carney has been outvoted 8 to 1 in his quest to slash interest rates - the entire MPC thinks he is overreacting.

Did you happen to notice the smiley? It was a bit of "anglo-saxon" gentle ribbing, and no more! I'm amazed you took it seriously, and further amazed to be explaining this right now!. https://www.1843magazine.com/ideas/the-daily/being-german-is-no-laughing-matter I argue the case that we should celebrate the differences and not try to conceal them or paper over them as "The European Project" tells us we must. Do you consider the Empire Windrush people of 60 or 65 years ago immigrants; I don't think that in a modern context anyone reasonably can. Ergo, even if a few of my forebears haven't being living here on our islands for hundreds (and in some lines thousands) of years, then by any reasonable interpretation I'm no immigrant to my nation. Everything mechanical around us illustrates my point about Germans being masters of detail. This is not my point; its generally accepted, and Germany trades on it. As for being easily led and making tragic major errors throughout history: I will leave the reader to decide, as there is no shortage of evidence.

No chance Spuggy, I'm a mongrel with a Scottish surname. Thing is my great great grandparents had the good sense to take the sage advice of the incomparable Dr Samuel Johnson. Though I think that when the good doctor said "the high road that leads him to England" it wasn't actually Sheepwash Bridge he had in mind. Queen? Royals? Hush, or you'll have Sym around touting his people's republic again; then we'll all get sent to The Tower for high treason! But.. as you've pointed out that (apart from a few minor misunderstandings and silly walks) Germans are "DECENT", maybe she'll let you off with one of her frowns?

Not personally directed and in good humour, but way over the top on the contained bad language for a safe family site Spuggy. Try a bit of self censorship in the re-post. .doc file uploads are permitted as a matter of convenience to members, but are never a really good idea as people (very rightly) worry about a virus payload.