Politax

@thatsmabhoy @RosemaryStewar1 @Jacob_Rees_Mogg We can still do as we wish, and the EU can do as it wishes. It's how trade usually works between sovereign nations. Decisions have consequences....but we're free to make them.

@Politax3 @RosemaryStewar1 @Jacob_Rees_Mogg We cannot do as we wish in all cases because the EU is our major trading partner, and if we swan off on a tuppeny thing, we’ll lose even more trade, but hey, you economic Pygmy’s are good at burning the house down?

The Inadequacy of Rachel Reeves. Watch now:

@thatsmabhoy @RosemaryStewar1 @Jacob_Rees_Mogg We can do as we wish. This a clear example of vice versa. Clearly we're not going to immediately implement a brand new set of different regulations but over time we'll diverge. Already there are additives that the EU doesn't require to have allergens labeled but the UK does etc.

@Politax3 @RosemaryStewar1 @Jacob_Rees_Mogg UK cosmetic regulations are closely aligned with EU, they operate independently post-Brexit, but we have a mirror regulation, resulting in UK admin of a system we mimic, and we’re not going to diverge from because our biggest cosmetic trade partner is the EU, 22 miles away. Next?

@thatsmabhoy @RosemaryStewar1 @Jacob_Rees_Mogg No, you must comply with UK law. If, for example, you want to import cosmetics into the UK they must be registered with a UK body and have a UK based responsible person to ensure compliance. This isn't the EU deeming anything.

@Politax3 @RosemaryStewar1 @Jacob_Rees_Mogg The EU deems some UK regulations as "equivalent" to its own to facilitate trade, but it is only a recognition of similarity, not an adoption of UK law.

@thatsmabhoy @RosemaryStewar1 @Jacob_Rees_Mogg Of course there is vice versa? EU can't export goods into the UK which don't adhere to UK standards. Most do, in both directions. Same as anywhere else. Plus, alignment when we don't export is unnecessary, but still expensive.

@Politax3 @RosemaryStewar1 @Jacob_Rees_Mogg There’s no vice versa, closer alignment reduces trade frictions, making it easier and cheaper to export to the EU. We don’t have to, but then we lose out. We take, they give!

@thatsmabhoy @RosemaryStewar1 @Jacob_Rees_Mogg Where we want to be and where we should be is agreeing to their standards on products we export to the EU, and vice versa. If an ISA, for example, doesn't meet some future EU regulation we shouldn't need to care.

@Politax3 @RosemaryStewar1 @Jacob_Rees_Mogg “The EU is increasingly becoming the "regulatory lodestar" for the UK, with the government introducing laws allowing ministers to mirror new EU product safety standards to avoid friction.” And we’re not in the club? Sounds like we’re a taker? Seems you like that, being a taker?

@thatsmabhoy @RosemaryStewar1 @Jacob_Rees_Mogg Again, MIFID was already implemented. What makes you think we need to outsource our regulations to people outside the UK? And if you like the principle that the EU passes better laws, then it doesn't stop there, does it? Either way, I don't want to be a part of it.

@Politax3 @RosemaryStewar1 @Jacob_Rees_Mogg Post brexit the UK introduced its own MIFID, aligned to the EU. Was there something wrong in MIFID wanting to ensure that products are appropriate for clients and act in their best interest? Or were you hoping post Brexit to fleece the punters, line pockets and grift?

@thatsmabhoy @RosemaryStewar1 @Jacob_Rees_Mogg This is literally what you said. Complaining about the post-Brexit regulation regime whilst citing an EU-era catastrophe. Maybe, just maybe, we can create better regulations ourselves?

@Politax3 @RosemaryStewar1 @Jacob_Rees_Mogg False equivalence doesn’t cut it. We were in the EU and passed. Banking Act 1986 Deregulation of the Stock Exchange 1986 Building Society Act 1987 Abolition of Exchange Controls 1979 deregulation act of 2015, for business, but hey ho, sovereign control. clarityft.co.uk/wp-content/upl…

@thatsmabhoy @RosemaryStewar1 @Jacob_Rees_Mogg But we were in the EU? Our regulations had to comply with EU law. MIFID was enacted in 2004. The major financial catastrophe of post war-UK happened whilst we were in the EU, with the regulations flowing from the EU....just how you like it.

@Politax3 @RosemaryStewar1 @Jacob_Rees_Mogg ‘In 2008, UK banking regulation was handled by a "tripartite" system consisting of the Financial Services Authority (FSA) as the primary regulator, the Bank of England, and HM Treasury. The FSA, was directly responsible for supervising individual firms.’ BOE website; oops.

@olafado @dsmyleq @OgbeniDemola You're not wise. You say bizarre things to sound edgy. It isn't, it's just bizarre.

@Politax3 @dsmyleq @OgbeniDemola What do you think motivates them lol freeing people or power and control. It all starts with technology from the military lol. You can’t deceive the wise.

Out of 184 countries in the world, Britain alone colonized 171 of them. Britain is responsible for most of the suffering of people in the world.

@olafado @dsmyleq @OgbeniDemola Am I freer than I would have been 300 years ago? Of course I am! 300 years ago you were born into status and stayed there. We are educated, we can vote, we can protest. You really need to learn about medieval Europe. It wasn't the Disneyland you think it was.

@Politax3 @dsmyleq @OgbeniDemola At what expense. Almost like you think basic and don’t look into things. Like are you freer or can you do less. Are you more controlled, are you living more or building blocks for others to live etc. educated fools are in abundance, thinkers are lacking today.

@olafado @dsmyleq @OgbeniDemola The problem we have come closer to resolving than ever before is improving the human condition. If you prioritise different problems, yes, you might not like what we've done.

@Politax3 @dsmyleq @OgbeniDemola Solving one problem by creating 10 more is progress to stupid people who destroy but try to justify. Lol 😂 you’re funny.

@olafado @dsmyleq @OgbeniDemola If you actually read you will know, for certain, that the human condition generally and globally has improved over the last 200 years. If you don't accept that you have simply no business telling anyone to read anything.

@Politax3 @dsmyleq @OgbeniDemola It’s crazy because the point I’m making we see right now live. Reality happening and the version they write in history like the wars Covid etc. we see what happens and we see what is documented are far from each other. Some people are just too ignorant to catch the pattern.

@olafado @dsmyleq @OgbeniDemola Yes, the progress has just been made up. Those diseases were made up. People lived happy healthy lives in meritocracies until they died peacefully in their sleep. This was well known to be the typical human condition for the previous 10 millenia. Crackpot.

@Politax3 @dsmyleq @OgbeniDemola Or the abusers have deceived themselves

@olafado @dsmyleq @OgbeniDemola You believe what you want to believe, I know. So what's the point?

@Politax3 @dsmyleq @OgbeniDemola I wouldn’t believe any history gave by people that called people savages in order to get support to wipe them all out. God knows how prolonged 1000 years ago, I’m sure we don’t.

@olafado @dsmyleq @OgbeniDemola Or it could just be that the world is a just a quite obviously better, and fairer, place to live that any time in human history.

@Politax3 @dsmyleq @OgbeniDemola You know what an abusive husband tells his wife: his says she has been better off with him and is nothing without him. This analogy is clear picture of the west with the rest of the world

@olafado @dsmyleq @OgbeniDemola Drink water 200 years ago, 400 years ago. You would have been drinking diseased water, and eating diseased food. We should send you back so you can experience the bubonic plague, tuberculosis and widespread cholera for yourself. Absolutely nuts.

@Politax3 @dsmyleq @OgbeniDemola lol air is worse. Water is more polluted. Wild life is gone. Depression is up. Relative poverty is through the rough. Happiness is a myth. War is on going. What are you on about.

@olafado @dsmyleq @OgbeniDemola ...long before we had any involvement with them. Also true is that whilst we were expanding our global presence living standards across the world were rising....globally. Again, if you're still alive into your 50s, you're welcome.

@olafado @dsmyleq @OgbeniDemola We also know people died from their living conditions because people wrote about it. You just believe what you want to believe. Slavery happened, and has happened for thousands of years. The UK ended the slave trade and slavery in countries that had been involved in slavery...

@thatsmabhoy @RosemaryStewar1 @Jacob_Rees_Mogg Certain people in every industry prefer less regulation. I would remind you in 2008 the EU was in charge of our financial regulation. How did that turn out? More isn't always better.

@Politax3 @RosemaryStewar1 @Jacob_Rees_Mogg Isn’t it odd that you can’t see why certain investment banks would prefer less regulation. The "regulatory web" is seen by some as essential for investor protection and financial stability, balancing profits with public good. Remember 2008, when RBS ran out of capital? Not spivs?