Leaked Brexit memo: Whitehall struggling to cope and no single plan

joG said:

You don't seem to know how politics works. Of course the politicians try to find the best solutions for their voters. That is the same even in the EU.

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LOL you are the one that does not understand anything and prove it by your comment.

Politicians dont try hardest to find the best solution for their voters.. they try the hardest to find the best solution for themselves and their ability to get re-elected. That is why you have morons like Farage and Trump around.. populist assholes who have zero policy other than blaming others for the problems of people.

PeteEU said:

You do understand that I am Danish right? If you knew half as much as you claim to do.. about Europe, the world.. life in general... then you would know how ludicrous your comment is.

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I would admit that of the continental countries we classified Denmark as one of those, where we allotted less risk premium for legal preference of local industry; but more than for the UK.

PeteEU said:

LOL you are the one that does not understand anything and prove it by your comment.

Politicians dont try hardest to find the best solution for their voters.. they try the hardest to find the best solution for themselves and their ability to get re-elected. That is why you have morons like Farage and Trump around.. populist assholes who have zero policy other than blaming others for the problems of people.

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I realize quite well, that people optimize their own utility functions. What you seem not to understand is that it is the property rights system in which they act that must be structured to make their personal optimization of utility achieve an approximation of the optimum of the general welfare id est, what the citizens that elected them mandated them to do. In other words it is for us to make good and sure that these structures are well made.

That populists like Schulz or Juncker are elected has more to do with the populations' perceptions of politicians and the policy mixes they seem to be offering. That is quite a different issue and must be looked at in a similar way, but require quite different sets of rules. The theory does give some guides there, however. But we certainly have a lot of work yet to do.

Beaudreaux said:

And? The people of the UK voted to leave the EU. The government now has to figure out a way to do it. No one said it would be easy to bifurcate economies, laws, and people.

However, again, the people voted and they chose to part ways with the EU. If that hairlips some folks, well then... suck it up and move on. This, too, shall pass.

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That's all fine and dandy, but what is equally fine and dandy is for the decision and its proponents to be rebuked, if both turn out to be inept.

joG said:

I realize quite well, that people optimize their own utility functions. What you seem not to understand is that it is the property rights system in which they act that must be structured to make their personal optimization of utility achieve an approximation of the optimum of the general welfare id est, what the citizens that elected them mandated them to do. In other words it is for us to make good and sure that these structures are well made.

That populists like Schulz or Juncker are elected has more to do with the populations' perceptions of politicians and the policy mixes they seem to be offering. That is quite a different issue and must be looked at in a similar way, but require quite different sets of rules. The theory does give some guides there, however. But we certainly have a lot of work yet to do.

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In other words, a lot of words that make people fall a sleep and that in reality dont say anything to prove your point of view.

https://www.theguardian.com/global-...-justice-project-aims-promote-good-governance

Says it all... pretty much.

Infinite Chaos said:

To be honest, nobody had a plan for what would happen if Brexit won. That started off with David Cameron who didn't countenance defeat and then Boris Johnson and Michael Gove who happily and repeatedly lied to the nation.
It's becoming clear that although Theresa May was at the very least less enthusiastic than Jeremy Corbyn but having stood for the PM post she has no position either beyond saying "Brexit means Brexit."

The salty truth is everyone is trying to work out how to not destroy UK industry by snubbing the European market while satisfying the populist clamour to get out of Europe.

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Sadly, it did not have to reach this point. The whole debate surrounding immigration needed to be met head on, and pragmatic policy needed to be formulated to tackle the issue (perceived or otherwise).

Gaztopian said:

That's all fine and dandy, but what is equally fine and dandy is for the decision and its proponents to be rebuked, if both turn out to be inept.

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What?

11Bravo said:

shes the queen. the nation must obey her.

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You obviously have no idea how Britain's monarchy works. Well, not work obviously, that's for the plebs.

PeteEU said:

In other words, a lot of words that make people fall a sleep and that in reality dont say anything to prove your point of view.

https://www.theguardian.com/global-...-justice-project-aims-promote-good-governance

Says it all... pretty much.

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Actually we studied that at the time and looked at the statistics and how the indexes were made, went into the cases and all that. The results were to allot risk premia to certain types of financial business we did in all of Europe, for which I was responsible. We had it checked by KPMG and distributed the finished report to the offices world wide for comment by the local heads of station. Mind you, that was an international French company and not an American or British one. Needless to say at this point, we did not come up with the same numbers as the indexes for very good reasons, as I remember. This was important stuff, you see. It was not hot air. We put our money on the table.

PS: We had done a similar investigation with more or less the same results, when I was at a Germany company. But I was not as close to that one in that I did not pay for the research.