Are the filthy rich for no deal?

ph3iron

I saw this doc where a big time money man was backing no deal?
Does this imply the rich will benefit at the expense of the average?
Or will everyone benefit?

gamerste

Don't be silly brexit is a rich man's game

Guywusere1605

A left wing page on FB recently posted that one particular hedge fund manager had bet £299M short, on a no deal Brexit.

If no deal goes through, it'll be an absolute fire sale, and workers contracts will be torn up and rewritten,  favouring the employer.

Coulson

Yes they are. Probably doing a bit of short selling as well (well there you go, see previous post).

This is what surprising to me about this whole thing. I'm not saying that we should stay or leave. There are valid arguments on both sides (although I'm not sure anyone is listening anymore). We could leave and there is no reason to feel that it won't eventually work itself out. The only question is how long, and how many poor people suffer in the mean time. It's like turkeys voting for Christmas. Now I know why they are voting this way but even that is strange when you look at the local populations. I would totally understand if where I lived they voted for Brexit but the opposite happened.

For all the faults of the EU (and they are myriad), what do you think will happen to poor people once we leave. I'm not talking about financial cost (of course there will be), I'm talking about the gradual erosion of consumer protection laws, labour protection laws and other related laws so that we can "help Britain be great again"

Definitely a rich man's game

Sonic67

BBC News - Are speculators pushing the PM towards no deal?
                                                                                                                                                                                                                                                                                                                                                                                                                                Are speculators pushing the PM towards no deal?                                                                                                        Some claim that hedge funds are colluding with the government to achieve a no-deal Brexit.                                                                                                                                                                                                                                                                                                                www.bbc.co.uk

Coulson

The initial quote for this came from Boris's sister but to be honest if you think about it, the same thing happened with the Brexit vote. Farage's friends made an absolute killing.

EarthRod

Not forgetting of course that EU law will become a part of UK law on Brexit day. After Brexit these laws will be examined by Parliamentary legal teams over a long period of time and maybe some adjustments made to meet our UK laws more readily.

In other words the content of the laws will remain intact, but some will be rewritten to match UK legal parlance. I think that will be the procedure.

Sonic67

How? Link please. Farage's banking buddies on the night told Farage that according to their polling, Remain had won.

                                                                                                                                                                                                                                                                                                                                                                                                                                Nigel Farage says 'it looks like Remain will edge it' as polls close                                                                                                        The UKIP leader says it has been an 'extraordinary' campaign but UKIP is 'going nowhere'                                                                                                                                                                                                                                                                                                                www.independent.co.uk                                                                               
Nigel Farage has said "it looks like Remain will edge it" as polling stations closed across the UK in the EU referendum.

The UKIP leader said he believes Britain has voted to remain in the European Union, on the basis of exit polls privately conducted by his friends in the city.

Sonic67

                                                                                                                                                                                                                                                Tory Minister Blasts McDonnell's No Deal Brexit Conspiracy Question -                                                                                                        Making his debut at the dispatch box, the new Treasury Minister Simon Clarke confidently tore down McDonnell’s absurd urgent question on short positions taken against the pound in the lead up to a possible no-deal Brexit. Something Guido and many others have comprehensively debunked before…...                                                                                                                                                                                                                                                                                                                order-order.com

Sonic67

How?

The EU sets a minimum of 14 weeks maternity pay. The UK gives 52.

Your right to holidays is from the holiday act 1938. The EU legislates for 4 weeks. You get the right to 5.6 weeks.

Equal pay was brought into the UK in 1970. Before we joined.

The EU has no laws on minimum wage. Some EU countries don't set it at all. The UK has one of the highest.

Laws on sex and race discrimination date back to before we joined.