Welcome to Finance and Fury, the Furious Friday edition.

Today we are discussing what is happening with Brexit?

At the time of the release of this episode, we will be approaching the 11th hour of the 2nd deadline to negotiate a deal for the UK to leave the EU. Why would it be grim and awful as they put it?

Today:

Start at the beginning:

  • The referendum to leave the EU 23rd June 2016
  • Between then and March of 2017 it was business as usual, and then the UK served their withdrawal notice
  • Invoked article 50 of the Treaty on European Union which sets out a 2 year plan to leave the EU
  • That negotiation period expires on the 12th of April 2019
  • The leaving agreement must set out arrangements for withdrawal
  • The agreement must then go through a few bureaucratic systems

So what is behind all the mess?

  • UK conservative party lead by Terresa May
  • They established the department for International Trade (DIT)
  • There has been a lot of back and forth between the UK and the EU
  • The UK is being made an example of
  • 2 years down the track, where are we now?
  • The EU has been the better negotiators even though the UK is in the position of power
  • The contents of this agreement are only that it sets up a transitional period of further deliberation to be in the EU until December 31st, 2020
  • This is essentially the UK still being apart of the EU but without a vote
  • How has the deal been going in UK parliament?

 

Failure to negotiate:

  • Article 50 provides for a negotiated withdrawal
  • If there is no deal, The EU treaties cease to apply
  • The EU technically can’t block them from leaving
  • If there is no agreement, then trade falls back onto the world trade organization rules on tariffs and trade
  • The EU operates similarly to a cartel
  • What is Gibraltar?
  • The financial sector seems to benefit more from being a part of the EU
  • Why is it so beneficial for Financial services to be a part of the EU?
  • The UK is now ranked the 2nd largest global conduit for corporate tax haven policies

 

Summary of the racket:

  • Firms will set up a letterbox office in the City of London
  • Then there will be subsidiaries in other EU countries
  • One charges the other for intellectual property, and you essentially write off profits
  • You have other countries wanting to do trade deals with the UK, without going through the EU

 

Next Friday:

  • Finish off the series
  • How the tax racket works
  • Who is behind the “grass roots” remain protest organisations

Thank you for listening, if you want to get into contact you can do so here

The Central Banking Bubble and what happens to asset prices if central banks stop QE?

Welcome to Finance and Fury, The Furious Friday edition I often wonder – Why the Fed/Central banks continue with polices that create a massive misallocation or resources and are hurting the economy more than helping – well – what If they cant stop or a collapse might...

How to protect an investment portfolio? And is it worth using hedging instruments or changing the assets mix?

Welcome to Finance and Fury, the Say What Wednesday edition Today's Question is from Gabriel With the latest news around trade wars, inverted yield curve and EU collapse, I would love to hear your thoughts on how to protect a portfolio, is it worth using hedging...

How I buy shares – the horror stories and the happy endings, plus technical vs fundamental analysis

Say What Wednesdays How I buy shares - the horror stories and the happy endings, plus Technical vs Fundamental Analysis Welcome to Say what Wednesday Today's question is from Emma. She says, “I'm new to the podcast so not sure if you have covered this in the past. I...

Is money the root of all evil? And, how statistics are used to perpetuate misunderstandings and f*ck with you

Furious Friday Is money the root of all evil? And, how statistics are used to perpetuate misunderstandings and f*ck with you Welcome to Furious Friday – These episodes aim to solve misunderstandings In this episode -  Furious about the muckery of statistics used to...

How do you identify a scam, before ASIC or the regulators do it for you?

Welcome to Finance and Fury, The say What Wednesday edition where we answer your questions, and sometimes questions from people from the gym – such as today Is this a scam – moneysmart have a page on this – which is good resource – give a quick summary of this – but...

Say What Wednesday: Baby on Board! The Ultimate Guide to Maternity Leave

Welcome to Say What Wednesdays, where every week we answer questions from you guys, the listeners. This week the question comes from Mary; “Hey guys, love the show. Just wondering about what entitlements, I can receive if I go on maternity leave? I’m currently...

B!tching about the budget: What does it mean to your back pocket, Santa Claus, wage growth and the cocaine economy

Furious Friday B!tching about the budget: What does it mean to your back pocket, Santa Claus, wage growth and the cocaine economy Welcome to ...Furious Friday! Today’s episode is a special edition covering off on B!tching about the budget Why are people complaining?...

Why do Central Bank’s target 2-3% inflation and what are they trying to accomplish by having it in that range?

Welcome to Finance and Fury, The Say What Wednesday edition – Every week answering your questions – Hi Louis, thank you for the great content and the research you put in! I have another question you might be able to tackle: why do central banks target 2-3% inflation?...

The Curious case of Pandemic Bonds

Welcome to Finance and Fury, The Furious Friday edition You probably are exhausted about the coronavirus - What you probably haven’t heard about is A little known type of bond created in 2017 by the World Bank. The World Bank – Headquartered in Washington DC – back in...

Are the risks from investments in structured products worth their potential returns?

Welcome to Finance and Fury, the Say What Wednesday edition. This week the question comes from Mina. “I would love to get your view on Structured products like the ones being offered by sequoia. Is the risk worth the return?” Great question – thanks Mina - this...

Pin It on Pinterest

Share This