Brexit Reality: What To Expect After Article 50 Letter on March 29 (video)

Brexit graphic ©2017 DomainMondo.com

UPDATE March 29, 2017:

Leaving the EU negotiating objectives | PlanforBritain.gov.uk: "The Government has set out 12 negotiating objectives ahead of the UK leaving the EU."

1. Providing certainty and clarity
2. Taking control of our own laws
3. Strengthening the Union
4. Protecting our strong and historic ties with Ireland and maintaining the Common Travel Area
5. Controlling immigration: We will have control over the number of EU nationals coming to the UK.
6. Securing rights for EU nationals in the UK, and UK nationals in the EU
7. Protecting workers’ rights
8. Ensuring free trade with European markets
9. Securing new trade agreements with other countries
10. Ensuring the UK remains the best place for science and innovation
11. Cooperating in the fight against crime and terrorism
12. Delivering a smooth, orderly exit from the EU

Information about leaving the EU | planforbritain.gov.uk: "We have ruled out being a member of the single market, as the PM said in the Lancaster House speech. EU leaders have made clear their view that members of the single market must sign up to the ‘four freedoms’ that underpin it — including the free movement of people – and be subject to the jurisdiction of the European Court of Justice ... Instead, we want a bold and ambitious Free Trade Agreement with the EU. This will enable free-flowing trade in both goods and services, and ensure the freedom for UK companies to trade with and operate within European markets. We also intend to leave the Common Commercial Policy and for the UK not to be bound by the EU’s Common External Tariff so that we can pursue our own independent trade policy, securing trade deals with new partners. The Prime Minister created the Department for International Trade for this purpose."

"Will there be a second referendum or an alternative to leaving the EU? No. The country voted to leave the EU and it is the duty of the Government and Parliament to make sure we do just that."

A fairer society | PlanforBritain.gov.uk: "We will build a fairer society where success is based on merit, not privilege. We have started to rebalance our society in favour of ordinary working people, but now need to do more to turn Britain into a union where success is defined by work and talent, not birth or circumstance. The Government’s Plan for Britain seeks to

• provide access to a good school place for every child – one that gives them the skills and knowledge they need to succeed in the future
• ensure there is control of immigration so that it serves the national interest and is fair to everyone who lives and works in this country
• deliver one million new homes, so that more people have the chance to own or rent an affordable home of their own
• continue to invest in the NHS to help people at every stage of their life and support a vital national institution
• help people who can work get back into work so that our welfare system is fair to those who need it and fair to those who pay for it
• tackle historic injustices, like racial and gender discrimination, that hold too many people back.

Prime Minister's Commons statement on triggering Article 50 | GOV.UK

Prime Minister’s letter to Donald Tusk triggering Article 50 | GOV.UK (embed below):

EU Taskforce on Article 50 negotiations with the United Kingdom | European Commission | ec.europa.eu See also: https://ec.europa.eu/info/news/notification-article-50-teu-united-kingdom_en

--original post--
Brexit: ahead of UK Prime Minister Theresa May triggering Article 50 by delivery of a letter to the EU's European Council President Donald Tusk, on March 29, 2017, which will start negotiations between UK and the EU, both benchmark indexes of the London Stock Exchange (LSE), the FTSE 100 and FTSE 250, closed up on Tuesday, March 28:

FTSE 100 up 22.75% since June 27, 2016

FTSE 250 up 26.63% since June 27, 2016

What to expect after Article 50 | FT.com Opinion

Video above published Mar 21, 2017, by FT.com.

Theresa May may need to read Trump's "Art of the Deal"--

"Know when to walk away from the table." The Art of the Deal

— Donald J. Trump (@realDonaldTrump) July 27, 2011

UK Should Prepare To Walk Away--“Paying Any Exit Fee is absurd”--"... The primary problem in these negotiations is the EU nannycrat fools believe they can force the UK to pay ridiculous exit charges on top of other demands. The ideal approach for the UK is to simply walk away. What can the EU possibly do that does not hurt the EU even more than it does the UK? The sooner Theresa May sets the appropriate tone for negotiations the better off everyone will be. I wrote about this long ago in Brexit Stacked Deck? Which Way? Don’t Negotiate, Just Leave! Serious negotiations can only begin once Theresa May sets the proper tone. The proper tone is the UK is prepared to walk away and pay the EU nothing."--MishTalk.com

EU Needs To Fill Gap In Budget Once Brexit Becomes Official:

Mar 27, 2017: UK says it will not pay a 60 billion euro bill to leave the EU.

See also:

• Brexit: How Theresa May will trigger Article 50 | dailymail.co.uk: delivery of a letter to EU Council President Donald Tusk on March 29, at 12.30pm.
• Article 50: The people who will negotiate Brexit | BBC.com
• The Lisbon Treaty Article 50
• What is Article 50? The only explanation you need to read | telegraph.co.uk
• There's Always a Bull Market in Fearmongering | Bloomberg.com
• Years-long dream of European exchange ended in half an hour | Reuters.com
• Brexit Bulletin: What Will Theresa May Say to Donald Tusk? | Bloomberg.com
• Why 2017 Could See the Collapse of the Euro | Fortune.com: ".... it may be only a matter of time before Europe looks back on the euro as an interesting, well-intentioned experiment that failed—at great cost to the citizens of Europe and their democracies."--Joseph E. Stiglitz, Professor at Columbia University, recipient of the Nobel Memorial Prize in Economics, 2001, and most recently, author of The Euro: How a Common Currency Threatens the Future of Europe, W.W. Norton, 2016."
• Three Ways the Euro Could Break Up—and Three Ways it Could Be Saved | Bloomberg.com: March 7, 2017 ... Break Up Scenario No. 3: Greece Can't Take It Any More--What the experts say the chances are: 50%--"This implosion of the euro zone is getting closer. The most vulnerable are Italy, France, Portugal and Greece. I expect one to be gone in 18 months’ time. There will be no warning or negotiations."—Jim Mellon, chairman of the Burnbrae Group

Courtesy of: Visual Capitalist

feedback & comments via twitter @DomainMondo
Follow @DomainMondo

DISCLAIMER

FTSE100 Hits New High on SoftBank & UK’s ARM Holdings $32 Billion Deal

FT Lex on SoftBank’s purchase of ARM Holdings:

Masayoshi Son, SoftBank’s founder and chief executive, is betting that Arm is 43 per cent more valuable than the market thinks it is. FT.com's Robert Armstrong examines whether he's right or wrong. 

UK's benchmark index FTSE100 is now UP 5.64% since the Brexit vote on June 23

On news of the SoftBank - ARM Holdings deal on Monday, July 18, 2016, the London Stock Exchange benchmark index FTSE100 rose, closing at 6,695.42, its highest level since August, 2015. ARM Holdings plc is a British multinational semiconductor and software design company (domain name: arm.com). Processors based on designs licensed from ARM, or designed by licensees of one of the ARM instruction set architectures, are used in all classes of computing devices such as microcontrollers in embedded systems (cars' ABS), smartTVs (Google TV), all modern smartwatches (such as Qualcomm Toq), as well as smartphones, tablets, laptops, desktops, servers and supercomputers/HPC.

Stock exchanges: symbols  LSE: ARM and NASDAQ: ARMH

Details of the deal:

• ARM’s headquarters will remain in Cambridge, England, UK, as well as its senior management team, and SoftBank pledged to at least double employee headcount in the UK over the next five years. ARM currently employs about 4,000 people.
• At £17 per share, the ARM acquisition is a 43% premium over last week's closing price.
• Post-Brexit UK welcomes ARM purchase in test of strategy: "Just three weeks after the referendum decision, it shows that Britain has lost none of its allure to international investors,” Chancellor of the Exchequer Philip Hammond said. “Britain is open for business -- and open to foreign investment. SoftBank’s decision confirms that Britain remains one of the most attractive destinations globally for investors to create jobs and wealth.”--Bloomberg.com
• ARM CEO says deal made regardless of Brexit, noting ARM's stock was up 15% since EU referendum (Brexit vote), see Accelerating Tech: Simon Segars, CEO of ARM, explains SoftBank’s offer for ARM (video)
• "As purely a designer of chips rather a manufacturer, Arm’s intellectual property model leaves it with a high profit margin. However, its revenues of about £1bn last year made it a minnow by global chip standards. The purchase price is equivalent to 70 times its net income last year, and more than 50 times earnings before interest, taxes, depreciation and amortisation."--SoftBank to acquire UK’s Arm Holdings for £24.3bn | FT.com
• Amir Anvarzadeh, Singapore-based head of Japanese equity sales at BGC Partners Inc.: "... we believe if Son wanted to bet on the sterling recovering he picked a great name in the tech sector.”--SoftBank to Buy Britain’s ARM for $32 Billion in Record Deal | Bloomberg.com 

Tweets by ARMHoldings

feedback & comments via twitter @DomainMondo
Follow @DomainMondo

DISCLAIMER

Brexit Impact On Tech Startups, Business & Global Economy (videos)

London Stock Exchange benchmark index FTSE 100, market close Friday, July 8, 2016:

London Stock Exchange benchmark index FTSE100 UP 4% since Brexit Vote (source: google.com)

Chart above: London Stock Exchange benchmark index FTSE100 Friday, July 8, 2016, UP 4% since Brexit Vote on June 23, 2016, while Germany's DAX and France's CAC40 are still DOWN (see charts at bottom of this post below).

Managing partner at GGV Capital (domain: ggvc.com) Glenn Solomon weighs in on Brexit's short term impact and what's moving in the tech industry, specifically startups. Published by CNBC.com July 8, 2016

See also: This Is What Brexit Means For You And Your Startup | Mattermark.com: "Given the volume of noise, I have some advice for the founders, engineers, retirees, marketers, and cab drivers on what they should do: Nothing. ... What should startup founders do? Focus on hiring great people, closing more deals, and making their customers happy. The rest is noise. When you get to the size of Oracle or IBM, growing at the global GDP rate—or worse—you can worry about shifting macro trends."

IMF's Christine Lagarde on Brexit uncertainty:

Shawn Donnan talks to the IMF.org's Managing Director, Christine Lagarde, about Brexit and how global growth has been impacted following the UK's referendum to leave the EU. Published by FT.com July 7, 2016.

See also: Heard in the Hutong: Beijingers on Brexit - China Real Time Report | WSJ.com: Do you think the European Union will become weaker if Britain leaves? Do you think Britain will be better off on its own? "The EU will become weaker. For the U.K., as I said before, it’s hard to tell..." Do you see any consequences for China of this? "No."

Since Brexit vote on June 23, 2016, 3 other nation's benchmarks (see chart below):

• Germany's DAX Down 6%
• France's CAC40 Down 6%
• USA's S&P500 Up 1%

Top to bottom: DAX, CAC40, and S&P500 (source: google.com)

feedback & comments via twitter @DomainMondo
Follow @DomainMondo

DISCLAIMER