BC BREXIT
Saved by @SteveeRogerr

So. The hunt is on in Whitehall for #brexit dividends...to show some clear value in the freedoms given by Brexit.

As we report today one area being looked at is workers' rights...but it is politically difficult territory.

 No cabinet decisions have been taken, but per sources, three potential areas been identified in Business Dept...

- the 48 Hour Week
- holiday pay/overtime calculations
- new EU rules on reporting hours worked...

All potentially possible post #brexit /2
The government says it has no intention of “lowering” workers’ rights....and notes that UK has actually gold-plated many EU regulations...BUT (think of government saying it won't "lower" animal welfare standards)...the devil will all be in the detail, if and when it comes /3
So the government likes to talk about ensuring workers’ rights are protected but ALSO making sure businesses has freedoms and flexibility to grow...so one man's reduction in rights is another freedom to get richer/work harder/be more prosperous. It depends how you sell it. /4
So take this 2017 story from The Sun on the cash bonanza that will be rained down on hardworking families by Brexiteers' (long standing) desire to scrap the 48-hour week. Overtime booooom..../5

https://t.co/QLqQ7rCzkv
But then look at the rather sorry correction that someone made The Sun print after their story was published....which as @JohnSpringford has noted, confesses that 48-hour week isn't actually that big a thing. But as @mattholehouse notes, it's a long standing #Brexit talisman /6
@JohnSpringford @mattholehouse Exactly what the government does/doesn't do with it's Brexit freedoms is an absolutely core question of this year....see this @spectator piece by Lord Bridges, former Tory Brexit minster...who bets on a damp squib/7

https://t.co/yauBQmxbg9
@JohnSpringford @mattholehouse @spectator As we report in our story, employers would be keen on some of these moves, per Colin Leckey, partner in employment law at Lewis Silkin @EmploymentLS and @MichaelFordQC /8
@JohnSpringford @mattholehouse @spectator @EmploymentLS @MichaelFordQC These moves also obviously have lots of support on the Tory right - the "Britannia Unchained" brigade (Priti Patel, Dominic Raab, Liz Truss and new biz sec Kwasi Kwarteng) - that my colleague @SebastianEPayne has written about here /9

https://t.co/mx06akoZGY
@JohnSpringford @mattholehouse @spectator @EmploymentLS @MichaelFordQC @SebastianEPayne Views echoed by free market think tanks like @ASI whose Matt Kilcoyne @MRJKilcoyne welcomed the proposals — saying the current “one size fits all” 48-hour rule was a “straitjacket on the economy”. /10
@JohnSpringford @mattholehouse @spectator @EmploymentLS @MichaelFordQC @SebastianEPayne @ASI @MRJKilcoyne There are however some issues. First the TCA signed with the EU just last month and the risk that EU will take retaliatory measures if the UK deregulates too hard - but a lot of the Twitter hot takes on this have been overstated /11
@JohnSpringford @mattholehouse @spectator @EmploymentLS @MichaelFordQC @SebastianEPayne @ASI @MRJKilcoyne As my colleague @jimbrunsden writes, you need 'material impact' and it's not clear that this would immediately qualify...how these mechanism work will be of course interesting. More here from @BrunoBrussels /12

https://t.co/rj9I2uIOwx
@JohnSpringford @mattholehouse @spectator @EmploymentLS @MichaelFordQC @SebastianEPayne @ASI @MRJKilcoyne @jimbrunsden @BrunoBrussels But then of course there is the politics - will @BorisJohnson believe he can spin these reforms as unleashing the inner beast of British business, Sun-style...or does he fear that the reaction that @Ed_Miliband and @The_TUC will cut through /13
@JohnSpringford @mattholehouse @spectator @EmploymentLS @MichaelFordQC @SebastianEPayne @ASI @MRJKilcoyne @jimbrunsden @BrunoBrussels @BorisJohnson @Ed_Miliband @The_TUC You can obviuosly see how these kinds of measures could be used as a wedge issue come 2024..../14
@JohnSpringford @mattholehouse @spectator @EmploymentLS @MichaelFordQC @SebastianEPayne @ASI @MRJKilcoyne @jimbrunsden @BrunoBrussels @BorisJohnson @Ed_Miliband @The_TUC One final thought. In my conversations with business represntatives like @BCCAdam @MarkFoxNews I was struck by how cool they were on these ideas/plans....their priority was on stability and looking to future, rather than undoing what's there now./15
@JohnSpringford @mattholehouse @spectator @EmploymentLS @MichaelFordQC @SebastianEPayne @ASI @MRJKilcoyne @jimbrunsden @BrunoBrussels @BorisJohnson @Ed_Miliband @The_TUC @BCCAdam @MarkFoxNews There is lots of looking around for dividends - recall this story from last year I did on tonnage tax reform plans/investigation to make UK more attractive to shipping companies.../16

https://t.co/cXInStiD8g
@JohnSpringford @mattholehouse @spectator @EmploymentLS @MichaelFordQC @SebastianEPayne @ASI @MRJKilcoyne @jimbrunsden @BrunoBrussels @BorisJohnson @Ed_Miliband @The_TUC @BCCAdam @MarkFoxNews In reality I suspect that aspirations will come up hard against politics.

But as we've seen with #Brexit, the ideological wing has huge power in the Tory party...and the desire to show something for Brexit other than red tape n rotting fish will be huge.

Watch this space ENDS

More from Peter Foster

Peter Foster
Peter Foster
@pmdfoster
Good to see @Marthakearney on @BBCr4today taking @pritipatel to task over the numbers of lorries in Dover - now 1,500 in Stack (M20) and Manston airfield combined - rather more than 170 that @BorisJohnson said yesterday, baffling haulage groups /1

@BBCr4today @pritipatel @BorisJohnson She won't say whether lorry drivers will have to take a PCR test (long-winded, requires RNA extraction etc. 24-48hrs) rather than much faster (and less sensitive) lateral flow test. Short Strait will struggle to operates with PCR tests. You'd need one yesterday for tomorrow! /2

@BBCr4today @pritipatel @BorisJohnson Because of the delays that have empty lorries already stuck in the queues, in an earlier interview British Retail Consortium @the_brc Andrew Opie said fresh food shortages would occur within days because lorries couldn't get back to Spain etc to reload /3

@BBCr4today @pritipatel @BorisJohnson @the_brc Haulage experts like @RHADuncanB are always at pains to explain that the lorries at Dover (and GB-IE, for that matter) are flowing in a continuous cycle. More than 85% are from EU countries. So if you block one side, or artery the whole system starts to grind to a halt/4

@BBCr4today @pritipatel @BorisJohnson @the_brc @RHADuncanB This episode has been a bit of a teaching moment, exposing the canard that the UK can unilaterally "take back control of its borders". It can't. Borders are membranes. Traffic flows in both directions. Actions by one side impact the other - as French move has demonstrated. /5
POLITICS
Peter Foster
Peter Foster
@pmdfoster
🚨🚨🚚🚛🚨🚨email from Robert Hardy @RobHardyFR8 whose Customs Clearance Consortium is part of govt’s £200m scheme for GB-NI border warns of “huge shortage” of customs agents. Via @SJAMcBride /1

https://t.co/WoLWdI8LoF


He adds: “Export from GB with import to Ireland [is] amongst the most complicated...We expect heavy volumes at Dover from tonight as GB exports start to ramp up and many transporters do not have transit and EU clearance in place.” ...remember @BrandonLewis ‘no border’ tweet 🙄/2


He then warns - as @RHARichardB had warned - that the issue is companies providing poorly cleansed/matched data...and announces CCC doesn’t have capacity to raise docs in mainland EU/3


This is example of what Biz needs to do when moving agri foods - hauliers and vets tell me there is still no solution from Defra/Daera on how to do multiple pickups that require export health certificates at each stop (not uncommon) /4


In the next week or two we’ll see how these issue play into supply chains - and the issue that trucks flow in a cycle, GB-NI/IE-GB...so you need enough returning to keep the flow going. /5
FINANCE
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Peter Foster
Peter Foster
@pmdfoster
Another head-banging day for the £112bn UK creative sector that is starting to ingest how difficult #Brexit is going to make their lives - and how little the government is really willing to do to fix the lack of a 'mobility' chapter in the EU-UK trade deal. Quick update.../1

First Equity @EquityUK put out a letter to @BorisJohnson warning that #brexit was a "towering hurdle" (you'd want Brian Blessed reading that part) to UK actors plying their trade in EU - a double whammy with #COVID19 /2

https://t.co/mXjTAISqZk


@BorisJohnson One third of Equity members say they've seen job ads asking for EU passport holders: "Before, we were able to travel to Europe visa-free. Now we have to pay hundreds of pounds, fill in form after form, and spend weeks waiting for approval" /3

@BorisJohnson Worth recalling that all this goes back to the UK desire NOT to have a 'mobility' provision within the TCA - all part of 'ending Free Movement' and the professional services folk - including musicians, actors, fashion models etc -are all victim of

@BorisJohnson What's the government going to do about all this? Good question, which brings us to todays @CommonsDCMS hearing in which the Culture Minister Caroline Dinenage @cj_dinenage frankly pin-balled around the issues /5
BREXIT
Peter Foster
Peter Foster
@pmdfoster
NEW. 🚨🚨🚛🇬🇧🙄🚛🚚🚨🚨 clear signs govt is preparing for coming #brexit turbulence - consulting on new fast-track scheme for food lorries returning to Europe /1



The idea is that 300 lorries a day will be granted 'fast track' permits so they can go back EU and replenish supplies...this is because (see below) the gov fears that potential for disruption is "high" /2


The 8-page consultation document notes this is both because of #Brexit but also because of #COVID19 and continued French insistence on checks on all drivers from UK. /3

Lots arriving in Kent without clear tests SO separately Dept for Transport is considering £150 fines for drivers that don't have clean tests before entering Kent - problem, say hauliers, is that this requires communicating with EU-based drivers (85% from EU) /4

The govt is worried that disruptions will risk the kind of panic-buying we saw in early #COVID19 pandemic /5
GOVERNMENT
Peter Foster
Peter Foster
@pmdfoster
Remember the government wanting to "follow the science"? It is remarkable how far it is ignoring scientific advice on this new ultra-infectious variant of #Covid-19 by keeping schools open... both SAGE and @imperialcollege issuing warnings on school closures. Stay with me. /1

First the @imperialcollege paper, which finds that the new variant is still being ultra-infectious despite November lockdowns - link here, but cases of new variant trebled in SEast, even under lockdown /2

https://t.co/fdvuVX3OkW


The paper then notes (given schools were open and under 20s are most infected): "A particular concern is whether it will be possible to maintain control over transmission while allowing schools to reopen in January 2021." /3


This echoes what govt science advisory SAGE cmme told ministers on Dec 22...that it was "highly unlikely" the R number can be kept below 1 (cases falling, it is currently 1.1-1.3) with schools open /4

https://t.co/yV5qcSkErJ


But on Dec 30 Gavin Williamson announce primaries would go back, and secondary schools would have staggered return while testing regime (lateral flow, not that sensitive) was set up - see statement here
GOVERNMENT

More from Brexit

Doom-Loop
Doom-Loop
@Doom_Loop
Bloody hell some ones built a hall of shame for the SNP.

https://t.co/qxyMnUS4iX


1. Derek Mackay sending text messages to a sixteen-year-old boy telling him he was really cute.

2. Mhairi Black bringing a drag queen called Flowjob to a primary school

3. Derek Mackay spending £230 million on ferries that were not built

4. John Swinney overseeing an exam fiasco leading to marks being inflated

5. John Swinney being responsible for teaching primary school children about anal sex, rimming and pornography.

6. Natalie McGarry resigned the SNP whip because of fraud offences relating to the Women for Independence group. She pleaded guilty was convicted and jailed, but later had the conviction quashed. She still faces trial for embezzlement.

7. SNP coverup over the Covid outbreak connected with Nike in Edinburgh

8. SNP Government involved in clinical waste storage scandal

9. SNP MPs Chris Law, Ian Blackford and Brendan O’Hara had expenses claims totally £760,000 from the UK Parliament. They were the three with the
BREXIT
David C Bannerman
David C Bannerman
@DCBMEP
Here is thread with few facts relevant to current drama on Brexit deal or rather more likely NO DEAL - FOR NOW!
1.) If we have to go to ‘no deal’ (/Australia deal) we will be doing what most members of World Trade Organisation (WTO - covering virtually every country in world) do.

2/ 2/3rds of trading in world is done under WTO rules. USA exports more than UK does to EU but does so under WTO rules; so does China.
2.) If tariffs have to be imposed under ‘no deal’ WTO rules, the EU will pay £12bn in tariffs a year and the U.K. £5bn (ref: Civitas) -

3/ (ref: Civitas) - because tariffs hit mostly agricultural EU goods, such as 40% on cheeses & 12% on wine;
3.) The £12bn income from tariffs will come to UK Treasury, not Brussels. Effectively these will be UK consumer taxes that could perhaps go towards reducing COVID debt?;

4/ 4.) 43% of UK exports do yes go to EU; but this is small proportion of our actual economy: only 7.5% UK GDP are goods exports to EU; 13.5% with services. Only 8% UK companies even trade with EU. (@BBCNews please show balance on this). Most of our trade is internal within UK.

5/ over 2/3rds (SNP take note!); so tariffs will effect a small proportion of UK exports (though some sectors will be hit hard;
5.) By definition, 57% of U.K. exports go to Rest of the World. Growth outside of Europe is forecast to be 90% of all growth over next 15-20 years.
BREXIT
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Anton Spisak
Anton Spisak
@AntonSpisak
Amid all the announcements today, it's easy to overlook that the OBR has updated its scenario on a no-deal Brexit. It exposes an undeniably hard reality for the Govt that claims that the UK would "prosper mightily" under no-deal next year.

(Short thread)

1. Key chart: a no-deal/WTO/Australia-style Brexit would delay the point at which econ output regains its pre-virus peak by "almost a year to the third quarter of 2023."

In the upside scenario, this cross-over point could be at the start of 2022; in the downside, in 2025. Grim.


2. Next year, a no deal Brexit would reduce real GDP by around a further 2% - as a result of immediate disruption to the border and uncertainty facing businesses. That's on top of the Covid-related contraction.


3. While there's some short-term border disruption, most of the costs come in the medium term: from lost employment; productivity losses; lower business investment.

Exactly the opposite of what the Chancellor said to @AndrewMarr9 on Sunday.

4. Underneath these numbers, output would fall *below* the Covid levels for several key sectors: Manufacturing, professional services, financial services, retail, energy.

All trade intensive sectors that have been spared the same drop in output as the non-tradables this year.
BREXIT
David Henig
David Henig
@DavidHenigUK
Ten days in and it seems the government's post-Brexit economic policy is to ignore reality, priority and choice, and just claim with no evidence that everything is going to be great. This, needless to say, is dangerous territory. Exhibit 1... 1/

Here's a good example of what is currently passing for UK economic policy. The theory the UK can be 'nimble' in regulations has been present since 2016. In 5 years nobody has found the detail. We presume others might have a similar idea. And trade needs regulations to align 2/


There will of course always be someone to blame. Usually the EU. Because they do indeed want to compete with the UK. This is not exactly surprising. A vague UK idea versus the bigger next door market (or indeed a big one over the pond). Who's going to win? 3/


Next, 'Global Britain' and specifically the Liz Truss speech in the Commons yesterday. To summarise, we are going to do trade deals on everything with everyone while still protecting UK industry and poor countries. Yup, more warm words and no priorities.

Useful example here. The long running EU-US trade battle over food, one claiming to be about quality, the other science. The UK solution. We'll do both! Fabulous, why did nobody think of this before? Unless they did, and found they still had to choose. Note other warm words 5/
BREXIT
David Henig
David Henig
@DavidHenigUK
Small business in particular struggling with new Brexit red tape. Entirely predictable, and a function of a world trade system distorted against smaller traders. Stay with me a short while as Brexit threadmeister and story author @pmdfoster may say... 1/

The nub of the issue is the extra costs for most exports, whether this is paperwork or meeting different regulatory requirements. A fixed cost per exported load inevitably adds a higher percentage cost to small than larger business... and they may lack expertise. 2/


You'll note that in the EU, with virtually no paperwork or differing regulations, the costs of exports are similar for smaller and large companies - though even there there is a big company bias, because who can afford to lobby for friendly regulations? 3/

The same unfortunately typically applies to trade deals. If you are Nissan and threaten to leave the country without the right deal you have more clout than a small cheesemaker. As we see. But is it just the EU that is over-bureaucratic? Sadly not... 4/


One of the best UK business groups on trade policy @BritAmBusiness (and yes you can quote me @EmanueAdam) has a new report out on a UK-US trade deal and SMEs. It shows opportunities. But unfortunately problems unlikely to be solved. 5/
BREXIT

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A Thread on the Boss himself @Mitesh_Engr

Mitesh Sir's Positional Option Selling 101:

• How to find direction
• Which options to sell
• How to deploy capital
• Exit criteria
• What ROI he targets weekly
• What % risk he takes

Done with the help of @niki_poojary


How @Mitesh_Engr Sir finds the direction?

• Daily charts S/R
• 75 min charts S/R
• Intraday trend
• Always play directional
• Never trades in strategies


Which options to sell in weekly expiry according to @Mitesh_Engr?

• Weekly candle High/Low
• Sell 1% away options from those
• Exit when levels breached


Position Sizing by @Mitesh_Engr Sir.

How to deploy your capital?

• First sell 20%
• Pyramid the next day
• When to exit
• What to do when view goes wrong
• What to do with idle capital


Some important tweets of @Mitesh_Engr Sir

• What Data to look at
• ROI for safe players per month
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• Never play strategies
OPTIONS LEARNING , ALL , MPLEARNINGS
Aditya Todmal
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Master Thread of all my threads!

Hello!! 👋

• I have curated some of the best tweets from the best traders we know of.

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• Go through this for super learning/value totally free of cost! 😃

1. 7 FREE OPTION TRADING COURSES FOR


2. THE ABSOLUTE BEST 15 SCANNERS EXPERTS ARE USING

Got these scanners from the following accounts:

1. @Pathik_Trader
2. @sanjufunda
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These setups I found from the following 4 accounts:

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4.


4. Curated tweets on HOW TO SELL STRADDLES.

Everything covered in this thread.
1. Management
2. How to initiate
3. When to exit straddles
4. Examples
5. Videos on
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Conviction | Patience
Conviction | Patience
@unseenvalue
H was always unseen in S2NL :)

Those who exited at 1500 needed money. They can always come back near 969. Those who exited at 230 also needed money. They can come back near 95.

Those who sold L @ 660 can always come back at 360. Those who sold S last week can be back @ 301
UVLEARNINGS