Consequences Of Brexit [Part 9] Read First Post Before Posting

[Magilla 510]

 

Moody’s pass judgement on Johnson’s trade deal: “skewed in the EU’s favour”

https://www.thelondoneconomic.com/business-economics/moodys-pass-judgement-on-johnsons-trade-deal-skewed-in-the-eus-favour/26/01/

 

[Delbow 693]

30 minutes ago, Magilla said:

 

Moody’s pass judgement on Johnson’s trade deal: “skewed in the EU’s favour”

https://www.thelondoneconomic.com/business-economics/moodys-pass-judgement-on-johnsons-trade-deal-skewed-in-the-eus-favour/26/01/

 

Although let's not forget that Moody's were rating a load of junk credit as AAA just before the 2008 crash. I'm not sure I would put any store in what they say, and the credit rating agencies have too much power, but that's a different issue.

[El Cid 214]

7 minutes ago, Delbow said:

Although let's not forget that Moody's were rating a load of junk credit as AAA just before the 2008 crash. I'm not sure I would put any store in what they say, and the credit rating agencies have too much power, but that's a different issue.

[Magilla 510]

12 minutes ago, Delbow said:

Although let's not forget that Moody's were rating a load of junk credit as AAA just before the 2008 crash. I'm not sure I would put any store in what they say, and the credit rating agencies have too much power, but that's a different issue.

Agreed, but their rating is still used to determine the creditworthiness of borrowers...

 

 

N.I eels can't be sold in Britain:

https://www.bbc.co.uk/news/uk-northern-ireland-55818519

"It means finding new buyers for 50 tonnes of eels, worth £500,000, just months before the start of this year's season.

The fish would traditionally have gone to Billingsgate Market in London and been sold as jellied eels.

But the complexities of Brexit mean that trade is no longer possible."

[L00b 441]

1 hour ago, Delbow said:

Although let's not forget that Moody's were rating a load of junk credit as AAA just before the 2008 crash. I'm not sure I would put any store in what they say, and the credit rating agencies have too much power, but that's a different issue.

 

I'm not sure Moody's are quite as comprehensively discredited as all that. The AAA-rating of junk credit up to 2008 was not exclusive to them -by far- and  they continue to be paid handsomely for their credit assessments, with considerable weight still attached to them by economists and central banks.

In any event, what Moody's are saying here is not new, or contrary to the general view. The decision of the UK government not to seek any accommodation on trade in services was widely commented on at the time, and since: if anyone thinks Moody's (and almost everyone else) is wrong in their assessment, then their reasons for thinking this would be welcome, which should be a bit more convincing than "Moody's did a bad thing 12 years ago".

 

The current Brexit story about the UK government paying EU immigrants £2k to go back is interesting. The shade of brown on those spots of the leopards eating faces party is getting nastier by the week. To not great surprise, either.

Edited January 27, 2021 by L00b

[swarfendor437 14]

On a personal level, goods are taking longer to import from the EU. Just had an email from UPS saying an Item I had ordered coming from the Netherlands would be arriving a day later due to issues around Brexit. On the news a week or so ago it was announced that meat being exported to the EU was down to 25% because of delays, the 75% would not have been fresh enough for EU consumers to buy so it gets trashed. An inverse CAP Mountain!

[tinfoilhat 11]

58 minutes ago, swarfendor437 said:

On a personal level, goods are taking longer to import from the EU. Just had an email from UPS saying an Item I had ordered coming from the Netherlands would be arriving a day later due to issues around Brexit. On the news a week or so ago it was announced that meat being exported to the EU was down to 25% because of delays, the 75% would not have been fresh enough for EU consumers to buy so it gets trashed. An inverse CAP Mountain!

When UPS deliver they'll want VAT/admin/etc charges paying on your doorstep (presuming you haven't already paid them).

[hauxwell 243]

Good job we have left the EU, they were a bit slow at signing deals with pharmaceutical companies for Covid vaccines, then they have been a bit hesitant rolling it out for what ever reason, unlike the UK who signed up for theses vaccines as soon as they could and that is credit to Government. 

 

I’m wondering if the UK was still a member of the EU, and thank heavens we are not, would we have vaccinated so many people?  Germany is way behind us.  It’s been reported in a German newspapers that the EU is to bureaucratic and it’s because the UK is now independent is the reason why they have been able to vaccinate over 7 million people so far.  

 

We already new the EU was to bureaucratic,  didn’t they realise that’s why the UK voted for Brexit.

 

 

 

[L00b 441]

UK membership was still in force last year (as extended under the WA) and yet did not prevent the UK from approving the Pfizer vaccine early nor doing independent deals, and healthcare policy was never a competency passed to the EU by member states, until Covid-fighting measures were mutualised last year.

 

So I'm afraid that this link with Brexit exists only in your head.

 

But whatever helps you get over your win 

[nightrider 13]

1 hour ago, hauxwell said:

Good job we have left the EU, they were a bit slow at signing deals with pharmaceutical companies for Covid vaccines, then they have been a bit hesitant rolling it out for what ever reason, unlike the UK who signed up for theses vaccines as soon as they could and that is credit to Government. 

 

I’m wondering if the UK was still a member of the EU, and thank heavens we are not, would we have vaccinated so many people?  Germany is way behind us.  It’s been reported in a German newspapers that the EU is to bureaucratic and it’s because the UK is now independent is the reason why they have been able to vaccinate over 7 million people so far.  

 

We already new the EU was to bureaucratic,  didn’t they realise that’s why the UK voted for Brexit.

 

 

 

Thats not quite true I think. Germany was going to do what the UK did, so you can do it in the EU (and indeed we did whilst still in the EU!). The EU persuaded them to not do that and instead go the for collaborative EU wide distribution and purchase of vaccines.

[tinfoilhat 11]

2 hours ago, hauxwell said:

Good job we have left the EU, they were a bit slow at signing deals with pharmaceutical companies for Covid vaccines, then they have been a bit hesitant rolling it out for what ever reason, unlike the UK who signed up for theses vaccines as soon as they could and that is credit to Government. 

 

I’m wondering if the UK was still a member of the EU, and thank heavens we are not, would we have vaccinated so many people?  Germany is way behind us.  It’s been reported in a German newspapers that the EU is to bureaucratic and it’s because the UK is now independent is the reason why they have been able to vaccinate over 7 million people so far.  

 

We already new the EU was to bureaucratic,  didn’t they realise that’s why the UK voted for Brexit.

 

 

 

You're not vaccinated until you've had the second jab.

 

No reason to think we couldn't have gone our own way if we were in the EU, we have on many issues. It would have depended on who is in charge at number 10!

[hauxwell 243]

This has been on the news another reason the UK has moved more swiftly with vaccination than the EU is we opted out of the EU procurement programme when we left, which has allowed us to move more quickly,  if not we would be floundering like the rest of the EU.

I’ve never hear of the Procurement Programme until now.  

Edited January 28, 2021 by hauxwell