Chitchat Brexit, and its aftermath

Re: UK reclaims its sovereignty - Watch the country shape its future

Actually I think what will happen is that the UK will readily issues work visas where there is a shortage. So the Poles, the Bulgarians etc will continue to work without impediment. Anyway the Exit will only take place in 2018, plenty of time to implement changes that will benefit the UK. They now no longer have to accept freeloaders and their families. It is in UK's interest to protect aspects of EU that makes sense and this aspect will be done thru issuing of permits, quotas, visas, etc.

The plus is that for the first time, they can reject those who add no value to the economy and the country.

THE_CHANSTER said:

You raise valid points, however, do not forget that the EU citizens that the Brits currently employ are generally for low paid unskilled jobs which they themselves are unwilling to do e.g. building labourer, waitress etc.

Brexit has opened a Pandora's Box - and the future for everyone doesn't look good.

Click to expand...

Re: Breaking News: Britain has voted to leave EU

pound taking a pounding, good time to go london for holiday

Re: Brexit - Britain exit from the EU - What does it mean?

scotland and northern ireland also want to vote to leave england.

Re: Breaking News: Britain has voted to leave EU

David Cameron is about to resign as PM.

Re: UK reclaims its sovereignty - Watch the country shape its future

scroobal said:

What I am sure would happen is that there will more opportunities for those outside the EU especially those from English speaking countries such as Singapore. In the past employers would readily employ EU citizens without looking at CVs of non-EU citizens because the former do not need work visas. This will change and it will go more on merit.

I would suggest that if you have young relatives with good qualifications to apply for positions in the UK in a year's time.


The same would apply for those in the F&B trade etc.

Click to expand...

Maybe UK should intensify links with the English speaking world. We may be less "foreign" than Europeans.

Re: Brexit - Britain exit from the EU - What does it mean?

What Now? Brexit Win Sets Stage for Two Years of Bitter Talks
2016-06-24 04:16:10.621 GMT


By Ian Wishart and Matthew Campbell
(Bloomberg) -- While final votes are still being tallied, it’s clear that British voters have opted to walk out on the European Union, setting up at least two years of bitter talks.
Here’s a road map of what’s to come.

Will David Cameron Resign Immediately?

Possibly, but even the prime minister’s opponents have said they want him to stay on for a few months because an immediate resignation would only spell more instability. Eighty-four pro- Brexit Conservative Party lawmakers sent him a letter on Thursday saying they wanted him to continue no matter the result. So he may stay on for long enough to start negotiations with the EU.

What Happens Next?

Exit negotiations start as soon as Cameron tells the bloc’s other leaders he’s triggering the secession process under Article 50 of the EU treaty. Most leaders will want him to do that as soon as possible -- perhaps even at a summit of EU leaders in Brussels on June 28 -- but British lawmakers may urge him to delay for several weeks or months to give them time to work out the way forward.
Either way, the other national leaders will want to know what sort of relationship the U.K. wants to have with the EU.
Before then, there may be an emergency meeting of finance ministers over the weekend.
Once Article 50 is set in motion, the U.K. formally has two years to negotiate its way out of the bloc. Analysts say it’s unlikely that this will be long enough to work out the more complex trading accords and talks are likely to continue long after the U.K. officially leaves.

Who Will Lead the Negotiations?

Cameron’s successor is most likely to be one of the leaders of the Brexit campaign, such as former London mayor Boris Johnson or Justice Secretary Michael Gove. Their presence may harden the stance of other EU governments. The Leave vote may also prompt calls for a general election to clear the decks and elect a government specifically charged to negotiate with the rest of the EU.

What Sort of Deal Does Britain Want?

That’s still to be decided, and something that the Leave camp couldn’t answer definitively during its winning campaign.
Three issues in particular will be in focus for investors and
executives: What new agreement will regulate the $575 billion of annual trade between Britain and the rest of the EU? On what terms will U.K. companies be able to access the EU’s $13.6 trillion single market? And will banks domiciled in the U.K.
continue to be able to do business in the rest of the EU?
There are three broad options:
* The Norwegian Model By staying in the looser European Economic Area, the U.K. would still have access to the EU’s single market and participate in free movement of workers -- but without any say in how they evolve -- and it would still contribute to the EU budget. Banks prefer this model because it would preserve their access to EU customers.
* New Deal Negotiating its own free-trade agreement would limit most trade tariffs between the U.K. and the 27-nation bloc but it would take years to work out the extent of Britain’s market access. The EU’s trade agreement with Canada took seven years to negotiate and still isn’t ratified.
* WTO Rules Trading with the EU under World Trade Organization rules would avoid the hassle of setting up a complex new agreement and the U.K. could set its own trade tariffs just like Russia and Brazil do. But it would have no favorable relationship with the EU or any other country.


What Will the EU Offer?

Domestic politics will play its part and leaders from Helsinki to Athens may not want to give a favorable deal with extensive market access for Britain because that would risk encouraging similar anti-EU movements in their own countries.
The response will largely fall into two camps: the pragmatic German approach will probably acknowledge that the U.K. needs to remain a major trading partner; the French will be leading another group who believe exit shouldn’t be easy and that countries on the outside don’t merit the same favorable conditions as EU members.
Add to the mix the rise of anti-EU sentiment in eastern Europe, a drive for deeper integration in the euro area and some sympathy for Britain’s decision among Nordic governments, and it’s clear the next few years won’t be straightforward.

What Do Banks Want?

Financial-services firms have a long list of concerns but the most important is “passporting.” That’s the legal regime that allows a bank domiciled in one EU country to do business in any other. Without it, international lenders will probably have to move substantial operations out of the U.K. in favor of Frankfurt, Dublin, Paris or other hubs.
Another issue is euro-denominated trading and settlement -- the EU is wary of allowing those transactions to continue unrestricted out of reach of its regulators. Asset managers’
ability to sell mutual funds across the continent is another privilege that may be up for review. Those rules will be a major focus for the U.K., since finance is so important to its economy.

What Do Employers Want?

Chain operators like Whitbread Plc, lodging groups like InterContinental Hotels Group Plc and retailers like J Sainsbury Plc are all heavily dependent on European workers: almost three- quarters of workers in the hospitality sector in London are foreign-born.
With the Leave campaign promising to end the free movement of European citizens "by the next election," the hospitality and retail sectors will have to find ways to attract British staff, perhaps by paying higher wages. How fast that has to occur will depend on what happens to EU citizens already resident in Britain.
While U.K. Independence Party leader Nigel Farage has said those living in the country now should be allowed to stay, no one yet knows what the criteria will be and implementation of the new rules will depend entirely on future legislation.

What Do Manufacturers Want?

Market access is the biggest question hanging over British manufacturers. Before the referendum, companies from Diageo Plc to Rolls-Royce Plc warned of the consequences of being shut out of the EU, the destination for about 44 percent, or about 223 billion pounds, of U.K. exports. Just 16 billion pounds worth of exports goes to China.
Securing a comprehensive free-trade deal that keeps that flow moving in both directions without tariffs will be manufacturers’ top priority. That’s especially true for companies with integrated supply chains like GKN Plc, which sources parts in Spain and Italy, assembles them into drivetrains in the U.K., and then sells them on to European carmakers.

What Do Farmers Want?

Farmers did better out of the EU than almost anyone.
Roughly 40 percent of the bloc’s budget goes to the complex subsidies of the Common Agricultural Policy. British farmers received 3.1 billion euros ($3.5 billion) in direct payments last year. Another 5.2 billion euros is allocated to the U.K.
for rural development projects through 2020.
The Leave campaign said that “subsidies will continue”
after Brexit, because the U.K. will be able to redirect payments that it currently makes to the EU budget. But like every other aspect of Britain’s post-EU business landscape, this is a matter of future legislation, and the U.K. government will face many other demands on its budget.

Re: UK reclaims its sovereignty - Watch the country shape its future

When UK entered the EU in 73, Australia, NZ, Singapore and other Commonwealth countries lost their natural market. This was primarily due to export quotas that naturally shifted to the EU.

Singapore exporters were also impacted. Overnight we had to close down textile factories which only got started when GKS began JIE. One example is clothing company called Bibi and Baba, home grown and well into the english speaking countries fashion. They used to supply to the UK including their lines could be seen in Marks & Spencers in Oxford Street. They eventually became the largest school uniform provider in Singapore and the first big contract was from Singapore American School. The company still going well despite its much smaller size.

Satyr said:

Maybe UK should intensify links with the English speaking world. We may be less "foreign" than Europeans.

Click to expand...

Re: Brexit - Britain exit from the EU - What does it mean?

All the UK needs to become a much better place is to throw out all the Muslim, Chinese and Ah Neh scum.

PS.. and the Eastern block rubbish too. They aren't proper Ang Mohs they're mutations.

Re: UK reclaims its sovereignty - Watch the country shape its future

Dreamer1 said:

Populism won the day, British people,like the rest of the world, DISLIKE immigrants who want their jobs .
Singapore is the only exception, why? it is obvious that PAP is King of Populism, it managed to manufacture its own Populism, that immigrants are super good for Singapore….

Click to expand...

Because that is one of the terms offered to MNCs and regional SMEs to persuade them to set up shop here. Singapore is marketed to them as a test bed for launching new products and services globally, since they will find people from the whole world working here….except Singaporeans of course.

Re: Brexit - Britain exit from the EU - What does it mean?

The Chinese mostly from Hong Kong have integrated well into the UK society. They act, behave and have values no different from the English. I even saw a female Chinese Police Officer handling herself very well when she responded to a disturbance in Edinburg main street. The PRC Chinese mostly on student visas and business visas have a way to go including their driving habit.

The Muslims and the Indians are a different kettle of fish. The Muslims are more fundamentalist than the Malaysian or Indonesian Malays and they are mostly on the dole. The Indians and the caste system is still prevalent and they genuinely think they are more royal than the Queen.

Leongsam said:

All the UK needs to become a much better place is to throw out all the Muslim, Chinese and Ah Neh scum.

PS.. and the Eastern block rubbish too. They aren't proper Ang Mohs they're mutations.

Click to expand...

Re: Brexit - Britain exit from the EU - What does it mean?

While Sammy is stuck in dreary NZ toasting Brexit, I will be celebrating by going down to Brix tonight….it won't be a Brixit though….I will be shagging the most expensive hooker I can lay my hands on.

Re: Brexit - Britain exit from the EU - What does it mean?

scroobal said:

The Chinese mostly from Hong Kong have integrated well into the UK society. They act, behave and have values no different from the English. I even saw a female Chinese Police Officer handling herself very well when she responded to a disturbance in Edinburg main street. The PRC Chinese mostly on student visas and business visas have a way to go including their driving habit.

The Muslims and the Indians are a different kettle of fish. The Muslims are more fundamentalist than the Malaysian or Indonesian Malays and they are mostly on the dole. The Indians and the caste system is still prevalent and they genuinely think they are more royal than the Queen.

Click to expand...

When Chinese moved to Vancouver, they bring their God of Fortune with them.

[video=youtube;bOwbPG4Zw4I]https://www.youtube.com/watch?v=bOwbPG4Zw4I[/video]


When Muslims moved to Europe, they bring their violent barbaric Sharia law with them.

[video=youtube;He3t7es5RVc]https://www.youtube.com/watch?v=He3t7es5RVc[/video]

Re: Brexit - Britain exit from the EU - What does it mean?

Used to head down for its tequila nights. Remember the ground rules - Pahang royalty have precedence.

JHolmesJr said:

While Sammy is stuck in dreary NZ toasting Brexit, I will be celebrating by going down to Brix tonight….it won't be a Brixit though….I will be shagging the most expensive hooker I can lay my hands on.

Click to expand...

British PM Run Road After Brexit

PM Cameron to resign after Britain votes to break with EU

LONDON: Prime Minister David Cameron on Friday (Jun 24) resigned after Britain voted to break out of the European Union, striking a thunderous blow against the bloc and spreading alarm through markets as sterling plummeted to a 31-year low against the dollar.

Cameron promised to try to "steady the ship" over the next months but said a new leader should be installed by early October.

"I do not think it would be right for me to try to be the captain that steers our country to its next destination," the British leader said outside his official Downing Street residence in London.

Investors scrambled to sell the pound, oil and stocks as Britain took a lurch into the unknown, becoming the first country to quit in the EU's 60-year history, a culmination of decades of suspicion over European aims of creating an ever-closer political union.

With results in for the 382 areas that took part across Britain, the result was 51.9 per cent for "Leave" and 48.1 per cent for "Remain".

The final result showed 17.4 million people had voted "Leave" and 16.1 million people had voted "Remain" in the EU membership referendum.

Britain's national broadcaster the BBC and Sky News had both called a clear victory for the "Leave" campaign.


Supporters of the 'Stronger In' Campaign watch the results of the EU referendum being announced at a results party at the Royal Festival Hall in London on Jun 24, 2016. (Photo: ROB STOTHARD/AFP)

Sterling plunged more than nine percent to US$1.33, a 31-year low. World oil prices skidded by more than six percent. Tokyo stocks plummeted by more than eight percent and Japan's Finance Minister Taro Aso called an emergency news briefing.

"Let Jun 23 go down in our history as our independence day," said top anti-EU campaigner Nigel Farage, leader of the UK Independence Party, who promised Britons the chance to retake power from Brussels and rein in high immigration.

'VICTORY FOR REAL PEOPLE'

"If the predictions now are right, this will be a victory for real people, a victory for ordinary people, a victory for decent people," he told supporters in Westminster.

A joyous crowd chanted back to him: "Out! Out! Out!"

At the rival "Remain" party in London's Royal Festival Hall subdued supporters stood glued to TV screens clutching beers -- some with their hands over their mouths.

Britons appeared to have to shrugged off dire warnings that quitting the 28-nation alliance would create a budget hole requiring spending cuts and tax increases once they lose unfettered trade access to the EU.

Their decision will undoubtedly re-awaken fears of a domino-effect ripple of exit votes in EU-sceptic members that could imperil the integrity of the bloc, already struggling with twin economic and refugee crises.

"The eurosceptic genie is out of the bottle and it will now not be put back," Farage said.

Dutch far-right MP Geert Wilders immediately called for a referendum on EU membership.

Prime Minister David Cameron, who led the ultimately doomed struggle to sway voters in favour of sticking with Brussels, will face immediate pressure to resign.

The bookmakers' favourite to replace him is former London mayor Boris Johnson, a rival from within his ruling Conservative Party who was the "Leave" camp figurehead.

GOING IT ALONE

The result means the world's fifth-largest economy must now go it alone in the global economy, launching lengthy exit negotiations with the bloc and brokering new deals with all the countries it now trades with under the EU's umbrella.

European Commission chief Jean-Claude Juncker has warned the EU will "not be bending over backwards" to help Britain in those negotiations. Analysts say it could take the island nation a decade to secure new trade accords worldwide.

In a worst-case scenario, the International Monetary Fund has warned that the British economy could sink into recession next year and overall economic output would be 5.6 percent lower than otherwise forecast by 2019, with unemployment rising back above six percent.

Thousands of jobs in the City could be transferred to Frankfurt or Paris, top companies have warned. The Brexit camp argued that the business world will adapt quickly, however, with Britain's flexible and dynamic economy buoyed by new economic partners and selective immigration.

The campaign has left Britain riven in two, marked by the brutal murder of pro-"Remain" British lawmaker Jo Cox, a mother of two who was stabbed, shot and left bleeding to death on the pavement a week ahead of the vote.

BRITISH UNITY THREATENED

The vote threatens the unity of the United Kingdom, too.

Two years after Scotland voted in a referendum to remain in the United Kingdom, its political leader First Minister Nicola Sturgeon has said a new independence vote is "definitely on the table" after Britain voted against the majority will expressed by Scots.

"Scotland sees its future as part of the EU," Sturgeon told Sky News after the vote.

Northern Ireland, which is part of the United Kingdom, is now faced with the prospect of customs barriers for trade with EU-member the Republic of Ireland. Irish republicans Sinn Fein called for a vote on Irish unity following the referendum.

Leaders of Europe, born out of a determination to forge lasting peace from the carnage of two world wars, will open a two-day summit on Tuesday to grapple with the British decision.

German Foreign Minister Frank-Walter Steinmeier warned this month that a British departure would be a shock requiring quick action to avert the "disintegration" of the bloc.

"Small countries that are economically at least as affluent as the UK are the main ones at risk, especially Denmark and potentially also Sweden," said Carsten Nickels of the Teneo analyst group in Brussels.

Immigration and an erosion of economic security have become rallying cries for populist challenges that remain scattered across in Europe, just as they have for Donald Trump's campaign in the US presidential election.

The bloc will have to learn lessons not only from events in Britain but from the rest of Europe, Juncker said ahead of the referendum, warning against a rapid push for more integration.

"This euroscepticism is not only present in Britain," he said.

Re: British PM Run Road After Brexit

iz all due 2 his own doing ...

gud do dun do, go n offer refrendum if bcum pee am ...

Re: Brexit - Britain exit from the EU - What does it mean?

Leongsam said:

Life still goes on after the PAP but 70% don't have the balls to get rid of those overpaid, overrated parasites of singapore society.

Click to expand...

That's wishful thinking!!!

Re: Brexit - Britain exit from the EU - What does it mean?

scroobal said:

The Chinese mostly from Hong Kong have integrated well into the UK society. They act, behave and have values no different from the English. I even saw a female Chinese Police Officer handling herself very well when she responded to a disturbance in Edinburg main street. The PRC Chinese mostly on student visas and business visas have a way to go including their driving habit.

The Muslims and the Indians are a different kettle of fish. The Muslims are more fundamentalist than the Malaysian or Indonesian Malays and they are mostly on the dole. The Indians and the caste system is still prevalent and they genuinely think they are more royal than the Queen.

Click to expand...

Agree with you also the PRC students I see there tend to stick to themselves and can't speak English.

The Pakis and Indians there are terrible. The abuse the Brits the real Brits and English-speaking people like Singaporeans.

Re: Brexit - Britain exit from the EU - What does it mean?

From what I understand many Brits were angry about the numbers of immigrants coming into Britain. As part of the EU they lost control of their borders. Sporeans can sympatise with this feeling because the PAP is doing the same, letting in millions.

Unfortunately in our case we don't have a say because it is our leaders who are doing this. I think it is too late now because the PAP has already sneaked in millions of these new Sporeans & given them citizenship.

Re: Brexit - Britain exit from the EU - What does it mean?

Well thanks to those 70% and we still leemain!

Re: Brexit - Britain exit from the EU - What does it mean?

Devil Within said:

When Chinese moved to Vancouver, they bring their God of Fortune with them.

[video=youtube;bOwbPG4Zw4I]https://www.youtube.com/watch?v=bOwbPG4Zw4I[/video]


When Muslims moved to Europe, they bring their violent barbaric Sharia law with them.

[video=youtube;He3t7es5RVc]https://www.youtube.com/watch?v=He3t7es5RVc[/video]

Click to expand...

Europe is just fcuking dumb ass to let these parasite in habit in Europe!!

When they are in Europe they create trouble allahuarbah!! wtf!!

They should say that in their our Middle East cuntry!! Whole Europe ended up in

Shit!!