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Everyday

lse:lloy

#663

A very entrepreneurial approach, keeping an open mind.

Most entrepreneurial people do have an optimistic approach. Maybe there’s a lesson there?

Say’s it all really doesn’t it?


#664

Not exactly a ringing endorsement for Brexit. And that’s without the prospect of a ‘No’ deal. It’s what businesses do, adapt and find ways to work around the difficulties. Would they prefer if the difficulties weren’t there? 110% yes.

It’s hard to see how Brexit - especially ‘No’ deal Brexit - is good for the vast majority of UK businesses. But I guess you’re not interested in that.


#665

If you’ve ever run a business you’ll know every day is full of dificulties. It’s in the nature of capitalism. Difficulty, change, opportunity.

But I guess you’re not interested in that :wink:


#666

I believe most business could do without the ‘opportunity’ of Brexit…especially a ‘No’ deal ‘opportunity’. :face_with_monocle:


#667

You are entitled to your opinion.


#668

It ain’t my opinion…it’s the opinion of business…but ‘F’ business (as one Brexiteer suggested)


#669

And he’s entitled to his opinion.


#670

Day 118

Everyday…we edge towards a 2nd meaningful vote. January.

Buckle up for more negotiations.

And if the EU doesn’t want that?

Hard Brexit looks more likely.


#671

Everyday…

…the support for May’s Brexit deal crumbles. Today, Remain supporting minister Sam Gyimah has resigned saying that the proposed deal was damaging to Britain’s interests. The last straw appears to have been the UK’s exclusion from the secure aspects of the EU’s Galileo sat nav project. This is significant because it would reduce security co-operation with our neighbours. HMG is saying that the UK will go ahead with its own project. Oops! There goes another bit of the Brexit dividend.

As May’s deal continues to lose political support a second referendum draws ever closer. It may turn out to be the Brexiters’ last hope as their hopes of a hard Brexit fade into the distance due to lack of parliamentary support.

Everyday…

Frog in a tree


#672

“In 2010 the think-tank Open Europe estimated the total cost of Galileo from start to 20 years after completion at €22.2 billion, borne entirely by taxpayers. Under the original estimates made in 2000, this cost would have been €7.7 billion, with €2.6 billion borne by taxpayers and the rest by private investors…
In March 2018, the European Commission announced that the United Kingdom may be excluded from parts of the project (especially relating to the secured service PRS) following its exit from the European Union (EU). As a result, Airbus plans to relocate work on the Ground Control Segment (GCS) from its Portsmouth premises to an EU state. British officials have been reported to be seeking legal advice on whether they can reclaim the €1.4 billion invested by the United Kingdom, of the €10 billion spent to date” (https://en.wikipedia.org/wiki/Galileo_(satellite_navigation))

I suppose we could do it cheaper than £20bn…I’m sure Wallace & Gromit could knock something up in their basement…after all they have experience of getting to the moon :face_with_monocle: Perhaps they will even have it ready for this years Christmas special (although stop-start animation does take a long time…much like the Brexit process)


#673

Listening to Gyimah on TV this morning, it was interesting to note that he specifically referred to that interests of young people being damaged by Brexit. He is age 42 which puts him in the demographic of under-45s who voted by majority for Remain. He is, of course, not in the demographic group which is a majority in the Conservative Party which are the over-65s who have little skin left in the game.

Gyimah is in favour of a second referendum.

Cheers,

Frog in a tree


#674

Good morning Frog, I hope that you are keeping well.

I seem to recall that in recent days the plans for a U.K. sat nav system may not be as simple as it seems. All the radio frequencies have supposedly already been allotted and if the U.K. pursues this idea it will have to rely on other countries selling / donating / allowing access to their radio frequencies.

I wonder how easy or simple that might turn out to be. If the spectrum we require is held by a country that we are none too friendly with for example?

Have an enjoyable weekend

TJ


#675

Hi Trader,

As I understand it, it seems that we will have access to the sat nav system but the issue is only with the security/military overlay. With regard to building our own system, I haven’t read that the UK would face difficulty in obtaining spectrum. I guess that this will be controlled by some international body?

In my view, projects of this king are much better managed through international cooperation and joint funding but I guess that is not in the spirit of isolationalist Brexit?

BTW! Are you off on another expedition to visit more war graves. I recall you saying that you were going to explore further around the Normandy coast.

Cheers,

Frog in a tree


#676

Hi again Frog,

I m not sure that “projects of this king are much better managed through international cooperation and joint funding but I guess that is not in the spirit of isolationalist Brexit?”
it would be an isoationist Brexit that would create any problem in this matter but the view of other countries that currently own the spectrum that we might need. We would still have access to the U.S. GPS system so whether we actually need to go out on a limb and fund one purely for ousrelves is another matter entirely - perhaps a bit of politicking ging on somewhere?

I will not be wandering across to France until the balmier days of spring or summer decides to return to these shores. I am toying with trip through to the Somme by way of Boulogne, Montreuil and Amiens. There is a slim chance that one of my grandsons might be allowed to come with me as I know he wants to visit the grave of John McCrae (In Flanders Fields) so any plans that I have at the moment would probably have to be altered to take him to visit Thiepval, Newfoundland Park and the Lochnagar crater. I think he would also like to see Amiens Prison and the scars of the 1944 Mosquito raid led by Group Captain Percy Pickard in which he was shot down by the Luftwaffe and is buried in the cemetery next to the prison.

Best regards

TJ


#677

Hi again Jack

Good luck with your next expedition. I understand the desirability of waiting for more cheery weather! I am likely to visit France just after Christmas and I am planning to search out more roadside memorials to those summarily executed by the Germans. I will let you know how I get on.

Cheers,

Frog in a tree


#678

Something that I guarantee… the UK will never spend £multi-billions alone on an independent sat nav system. The £92mil earmarked to be spent on a “feasibility study” is a pure negotiating position.
When… or rather if… a future Deal with the EU is hammered out then this will be part of it.
Equally, the EU saying that you must be a member state to be part of the Project is also a pure negotiation position.


#679

JW, they will allow access to the system (for a fee) but not the military/specialized features. I guess it’s a low resolution version that we can access.

Not having access to the specialist features will ‘probably’ have impacts for our military and security services (possibly academia too). So it’s bad news. Getting a replacement is ‘probably’ too expensive for one country to develop on their own…what has the EU ever done for us? Develop expensive systems that we couldn’t afford on our own.


#680

Yes… but up for negotiation are several matters:

  • reimbursement
  • participation and continued funding in the programme
  • full access to security-sensitive features
  • manufacture of modules (inc. security)

When an “EU official” comments that “it’s a big ask” or “not possible”… that just means that the negotiations/legal games haven’t yet played out.


#681

Everyday… more evidence that leaving the EU is a historically bad idea. This time from the Japanese PM and a warning that the UK won’t be the gateway to Europe in the future.

Similar story as for Financial Services… expect companies to up sticks and move roles and processing to EU states… they can’t process their EU client business from UK anymore…

source: https://www.theguardian.com/politics/2018/dec/01/shinzo-abe-to-theresa-may-avoid-a-no-deal-brexit-eu

"
Shinzo Abe has told Theresa May to avoid a no-deal Brexit, hinting that investors from Japan need predictability and stability.

Speaking before a bilateral meeting at the G20 summit in Argentina, the Japanese prime minister said he wanted to “pay tribute” to May’s leadership in securing the deal. But, he went on, any prospect of the UK crashing out of the EU without a deal risked international consequences.

“I would like to once again ask for your support to avoid no deal,” he said. “As well as to ensure transparency, predictability [and] legal stability in the Brexit process.”

Japanese investors have repeatedly said the UK could lose its standing as the country’s preferred “gateway to Europe” in the event of no deal, which could disrupt supply chains.
"


#682

JW, on the use by the Japanese of the UK as a platform to penetrate the EU it has been obvious since the referendum that this would be an issue. You will recall that shortly after May became PM that she had a meeting with Nissan after which the company was given a letter of reassurance. We can have no doubt that they were assured that something like Chequers would be put in place. This letter was never published and why would it have been? It would surely have angered her Brextremist backbenchers.

At the risk of being accused of being a conspiracy theorist, after the referendum I commented on these boards that May could have been Cameron’s Plan B. By keeping her head down during the referendum she might then have a chance of succeeding him and rescuing something from the wreckage. Like Corbyn she may well have simply been a reluctant Remainer. Leaving the EU may well have suited her as a way of ending freedom of movement. Take your pick.

Cheers,

Frog in a tree