What can/can't the Mayor do for Accrington

[jaysay]

Originally Posted by GEaston

Well that's a bit off topic, but easy to answer.

The EU is the largest trading black in the world. The better question would be why would we not want to be part of that? Being in the EU in no way prevents us from trading with Asia or America. Overseas inward investment to the UK comes in BECAUSE we are in the EU, which is seen as stabilising. For example The Nissan plant in Sunderland is the largest car plant in Europe is there because we are in the EU so trade for them with other EA nations is tax/tariff free (for the Japanese owners). Nissan would not be manufacturing in the UK if we were out, such manufacturing would go to Dublin or elsewhere.

There are a multitude of science and joint defence contracts that we benefit from such as the Eurofighter made by BAE systems, the Arena space programme and Airbus planes (where the wings are made in the uk) to name just a few.

The immediate impact of a UK pullout from the EU would be a very significant spike in unemployment. That is high enough as is, we can ill afford more. What would be the economic gain of leaving? Please don't say we can use pounds, ounces and stones again in the butchers....

Finally the Bank of England governor Mervyn King is dead against leaving and he is the most qualified economist in the UK. He isn't politically influenced.

That's all well and good if it was just a trading place but it isn't, well not any more. Back in the 70s when the Common Market came into being it was about trading across borders, now its much, much more than that. Many a time our own government is overruled by the EU, and some of the stupidity which comes from Brussels is breathe taking and steeped in hypocrisy, but as things stand its not a two way street, its either in or out and my vote would be out.

[cashman]

Well if Kings the most qualified the others must be real useless remember the banking crisis or the ignoring of it.

[jaysay]

Originally Posted by cashman

Well if Kings the most qualified the others must be real useless remember the banking crisis or the ignoring of it.

Ya not one of his finest hours Cashy

[cashman]

Originally Posted by jaysay

Ya not one of his finest hours Cashy

Yeh but its very interesting to see who supports the useless.

[GEaston]

Cash - King solved the banking crisis!! He was knighted for saving the country which was totally appropriate.

So lets go back in time. Labour gets in and creates confusion of supervision removing it from the Bank of England, creating the FSA. King at that time was Head of Banking Supervision, BoE. He subsequently became Chief Economist, then Governor.

Banks to out of control (mix of greed and no supervision). That's nothing to do with the man, not since Gordon thought he knew best in 1998, the same year he sold the countries entire gold reserves for $300 an ounce.

So banking collapse starts with Northern Rock 10 August 2007, a date I remember we'll because it is the same day I started my first business in the UK. Real calamity doesn't hit banks until early 2008 when the entire system fails and the country gets to about 6 hours from total collapse and the loss of every penny in everyone's account (only 3% of bank balances are covered by cash, the rest is numbers in a computer.....).

You'll remember Gordon and Alistair Darling hastily convening a news conference to announce a massive banking bailout (ahead of every other country in the world). That was not their idea, although Gordon tried to take the credit later, it was King and his associates at the Bank of England that saved the day. As I mentioned King subsequently knighted.

[cashman]

Gordon n Darling n Blair before em were complete winkers, As was King during the banking fiasco, political allegiance makes no difference at all to the way it is, theres those who can see the big picture n those who can't.

[Aussie Irene]

Originally Posted by GEaston

Well that's a bit off topic, but easy to answer.

The EU is the largest trading black in the world. The better question would be why would we not want to be part of that? Being in the EU in no way prevents us from trading with Asia or America. Overseas inward investment to the UK comes in BECAUSE we are in the EU, which is seen as stabilising. For example The Nissan plant in Sunderland is the largest car plant in Europe is there because we are in the EU so trade for them with other EA nations is tax/tariff free (for the Japanese owners). Nissan would not be manufacturing in the UK if we were out, such manufacturing would go to Dublin or elsewhere.

There are a multitude of science and joint defence contracts that we benefit from such as the Eurofighter made by BAE systems, the Arean space programme and Airbus planes (where the wings are made in the uk) to name just a few.

The immediate impact of a UK pullout from the EU would be a very significant spike in unemployment. That is high enough as is, we can ill afford more. What would be the economic gain of leaving? Please don't say we can use pounds, ounces and stones again in the butchers....

Finally the Bank of England governor Mervyn King is dead against leaving and he is the most qualified economist in the UK. He isn't politically influenced.

Whilst I respect your views Mark Carney who is taking over the Bank of England job on the 1st July from Mervyn King has totally different views on Europe. In his own words and i quote " Warns of a decade of stagnation unless the European leaders make substantial and significant reforms" unquote.

[GEaston]

King was (and still is) brilliant. Not only did he save the banking system with the solution that was hastily put in place but he was banking on in speech after speech prior to the collapse about greed in the city. Shame Tony and Gordon removed his powers in 1998.

He has them back now though.

We can though agree on the merits of Blair, Brown and Darling.

[GEaston]

I think Mark Carney will also be excellent. He has an excellent track record, and I think it's a stellar replacement of one of the most important jobs in the country.

Change is required in Europe, everyone knows that, but It's not as clear cut as stay or leave. Short term, too many British jobs depend on it.

[Barrie Yates]

Originally Posted by jaysay

That's all well and good if it was just a trading place but it isn't, well not any more. Back in the 70s when the Common Market came into being it was about trading across borders, now its much, much more than that. Many a time our own government is overruled by the EU, and some of the stupidity which comes from Brussels is breathe taking and steeped in hypocrisy, but as things stand its not a two way street, its either in or out and my vote would be out.

One particular item always gets my back up - don't know how long the EU has been an organisation but the auditors have never signed off on the accounts. That suggests to me that there is a great deal of money that cannot be accounted for, in other words a lot of money has been misappropriated
What other organisation or business could operate without having it's accounts audited and verified?

[Barrie Yates]

Originally Posted by GEaston

I think Mark Carney will also be excellent. He has an excellent track record, and I think it's a stellar replacement of one of the most important jobs in the country.

Change is required in Europe, everyone knows that, but It's not as clear cut as stay or leave. Short term, too many British jobs depend on it.

Just what are the trading differences that UK has between the EU and the rest of the world?

[accyman]

Originally Posted by Barrie Yates

One particular item always gets my back up - don't know how long the EU has been an organisation but the auditors have never signed off on the accounts. That suggests to me that there is a great deal of money that cannot be accounted for, in other words a lot of money has been misappropriated
What other organisation or business could operate without having it's accounts audited and verified?

corrupt to the core and if i am correct not one euro mp is elected its a dictoatorship

[cashman]

Originally Posted by Barrie Yates

One particular item always gets my back up - don't know how long the EU has been an organisation but the auditors have never signed off on the accounts. That suggests to me that there is a great deal of money that cannot be accounted for, in other words a lot of money has been misappropriated
What other organisation or business could operate without having it's accounts audited and verified?

No good getting yer back up Barrie, we have been told its good fer us.

[accyman]

Originally Posted by cashman

No good getting yer back up Barrie, we have been told its good fer us.

its a perfect system

other countries lie and cheat their way out of paying taxes and force their economey to collapse then the working people of our country have to suffer extra tax and cutbacks to bail them out the poop

how much fairer than that can you get

we go without so other countries can be wreckless and then whatever money we have left gets spent funding people as they pour into the UK country by country as they join the EU knowing that theres a soft touch just one tunnel trip past france away.

the channel tunnel is the colon of europe and sadly that makes the UK its arsehole

[accyman]

interesting how a thread about what a mayor can do has ended up been about the EU

yet according to some the EU isnt an issue the british public give a damn about

go figure