Brexit a “complete disaster”

Third anniversary of the UK’s departure from the EU

Guy Hands Brexit a “complete disaster”

MSN News reports that Guy Hands, a leading City figure, has called Brexit a “complete disaster” and a “bunch of total lies” that has harmed large parts of the economy.

Speaking earlier this week on the third anniversary of the UK’s departure from the EU, Hands, the founder, chair and chief investment officer of the private equity firm Terra Firma, said: “It’s been a complete disaster. The reality is it’s been a lose-lose situation for us and Europe. Europe has lost more [in financial services] but we’ve lost as well. And the reality of Brexit was, it was just was a bunch of complete and total lies.

“The only way that the Brexit put forward by Boris Johnson was going to work was if there was a complete deregulation of the UK and we moved to a sort of Liz Truss utopia of a Singapore state and that was just never going to happen,” Hands, a former donor to the Conservative party, told BBC Radio 4’s Today programme.

“The British population was never going to accept a state in which the NHS would be demolished, where free education would be severely limited, where regulation with regard to employment would be thrown apart. It was just complete and total absolute lies.”

Thanks to PeterA for the link

COVID-19 in Madeira: updates can be found in an earlier post

Brexit a “complete disaster” 1

All the incidental news from Madeira – up to 60 reports per day – is being picked up automatically, translated, and posted on our sister website, madeiraislandnews, no matter how trivial:

45 thoughts on “Brexit a “complete disaster””

  1. The BBC (Brussels Broadcasting Corporation) wheels out another Chiantishire Euroloon to complain that he has to wait an extra 30 minutes in the UK only passport queue every time he goes skiing. The UK happily allows EU passport holders through the electronic passport readers, but The Council of Europe childishly refuses to reciprocate.

    The EU NEEDS to make Brexit as difficult as possible, including being bloody-minded over the NI Protocol, pour encourager les autres.

    Britain has its share of problems with Covid, Putin and inflation, as do many EU countries, but the BBC does its level best to attribute those problems to Brexit. Hence the perennial twitter hashtag, #DefundTheBBC.

    Happily, the EU citizens I have the good fortune to meet on mainland Europe are welcoming and hospitable, and especially so on the island of Madeira!

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    • Well your politicians done that to your own country no one else involve.When you have a Party that is surrounding by self absorbed opportunists that only thinking getting richer at the cost of the taxpayers .

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        • What you aspect getting quieter and think that everything is wonderful in Brexit land that Brexit was such success that pound exchange is the lowest that been and anyone around where that is expat that lives in the EU is complete screw only because you have Tory party that they don’t know what they are doing leading the country to destruction.Go try to exchange some poundst o euros to see how much money you will be losing .

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          • I don’t think for one moment everything is wonderful in Brexit land but I live here in the UK and can read and understand what the British media publish. I do not speak or know enough Portuguese to comment on the political matters of Portugal or Madeira, unlike yourself who despite living outside the UK believes she knows enough to criticize British politicians. Indeed I would be guilty of bad manners if I chose to speak about Portuguese politicians, as you do about the British.
            As to your rambling about the Pound and Euro, on Feb 12 2013 the exchange rate was 1.168 Euros to the Pound. Today it is 1.117, a difference I’m not going to worry about.
            Reference to screws, I can only think of one being loose.

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            • For your lack of information I did live many years in from 1999 until 2019 in the UK and I know very well the UK politicians and they way certain press in UK that support the Tory Party that lead to this mess with their lies and missleding information . As far the rest the exchange today was 1.12 pounds was better before Brexit. And until you start to live around where like many expats and start exchange pounds to euros it is a complete loss for many expats in the EU . Go live in the EU and start exchange money to see how much you lose .And neither thakes in consideration that during the period between the year 2018 and 2019 when many EU people left the UK and UK people to live in the EU many lost a lot of money because of the volatility of the UK governmment and the constant interference of the greased piglet . Like my husband and many others that I know when try to exchange money to buy a house in the EU . And for that their why isn’t excuses for the ex PM Boris and Liza trash that are responsabel for all this they should be in jail . And add in top of that during Boris mess he didn’t do any financial agreement between the uk and the eu that lead to many problems that are affecting many UK residents in the EU with their banks and accounts you don’t do that to people.

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              • The difference between the Pound and the Euro over a ten year period from 2013 to 2023 is .051 of a Euro.
                Certain UK papers favour certain Political Parties, that doesn’t happen in Europe ?
                Visiting Madeira 3/4 times a year when I have to exchange pounds for Euros I certainly know of the difference in values of the two currencies.
                Why are you constantly telling us of Boris Johnson, he’s left us.
                As you have now left the UK why the interest in dissing us. Because you chose to leave the UK and live in Portugal and chose the wrong moment, monetarily, causing you a financial loss. That’s life and was your choice.
                I could live with your constant criticism if your own Portuguese and politicians and MEP,s, were snow white in their innocence. Give us a break, tell us of them.

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                • Well the one that seems constant obsess with the Brexit matter around where it is you and gives us break .Another that thinks that is is the only person that thinks is the only one that can make comments beside himself . And I never said or imply that in Portugal is free of corruption or any other EU country .

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                  • As a Brexiteer, putting it crudely, we won. I have no obsession with Brexit, I’ll say it again, we won. It is you and some of your fellow Brexiteers who have this obsession to tell us constantly that what we did was wrong that provokes an answer.
                    As to me being the only one with the right to comment, I suggest you read my earlier comment on this subject, when I thank the Administrative for this subject and allowing free speech. I also ask the thumb clickers to write instead.
                    You have never said that Portugal or the EU is free of corruption but you have never agreed with any of the comments from those that have. Instead by your silence, accepting it.

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                    • Well for information the cases of corruption that been discoverd after enquerires and investigations they been caught and suspendent from their offices and going to court. The same the you can’t say about your country where all the inquiries and investigations go under the carpet and desapering .As far the time I get out from the UK like many others wasnt a question of choising another timing for that situation of so many losing vast amounts of money Boris is responsabel independent what you think until now also. Dont go say to me that the greased piglet and liz trash made pig zero of everything .

                    • Well for information the cases of corruption that been discoverd after enquerires and investigations they been caught and suspendent from their offices and going to court. The same the you can’t say about your country where all the inquiries and investigations go under the carpet and desapering .As far the time I get out from the UK like many others wasnt a question of choising another timing for that situation of so many losing vast amounts of money Boris is responsabel independent what you think until now also. Dont go say to me that the greased piglet and liz trash didnt made pig zero of everything when they did .

                    • And not yet finish don’t come to saying that during that period that when I left and others left that constant volatility of the UK government provoke by the deliberate interference of the greased piglet he didn’t have any responsible or even culpability for all that when he is full responsible and guilt for everything that did happen. Many people in UK and EU lost livelihoods and others plenty money and if he didn’t interfere during that time the situation will be complete different .Also the greased piglet and the other liz trash never should be allowed to hold any more political office in their lives in any type of government post . Any anyone that still supporting that to individuals says everything about them . The worse thing that can happen to people in a country is live denial and ignorance . That is Brexit
                      “If you tell a lie big enough and keep repeating it, people will eventually come to believe it. The lie can be maintained only for such time as the State can shield the people from the political, economic and/or military consequences of the lie. It thus becomes vitally important for the State to use all of its powers to repress dissent, for the truth is the mortal enemy of the lie, and thus by extension, the truth is the greatest enemy of the State.”

  2. Brexit will be rightly seen as the biggest act of self harm the UK government has ever inflicted on itself and its people. Driven by a mendacious, deceitful and corrupt cabal of right wing politicians and taken up by a naive and largely older electorate with prejudiced and nationalistic attitudes as younger voters stayed at home. The UK is considerably poorer economically, reputationally and culturally and will be for many decades to come. We have become a permanently positioned second division nation internationally and after the disgraceful political spectacle of 2022, perpetrated by the same politicians that inflicted Brexit on us, the UK will be consigned to the status of a permanently damaged and declining state in the eyes of the world.

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    • N Belle.
      As one of the “naive and largely older electorate with prejudiced and nationalistic attitudes” who voted for Brexit I can understand your bitterness. After a legal referendum, you lost and now like a child who has not got his own way, you sulk.

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      • Well you forget to add their that during the supposed referendum none of the EU residents that did lived for years in UK not allowed the vote at all . In some respects the Brexit referendum itself was a violation of human rights. Three substantial groups were denied the opportunity to vote when inclusion of any two of those groups would almost certainly have reversed the result. Rational democratic decision-making was negated by a campaign of exaggeration and lies and unnecessary poll predictions encouraged complacency in the turnout for Remain.

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  3. Rather continuing to dress up opinion as fact, you could all pop across to ‘Briefingsforbritain.co.u.k.’ and look for a report released this week called ‘Gains from Brexit on the 3rd Anniversary’ by Christopher Howarth. There you will be able to read a fair assessment of the state of play thus far, (everything is referenced and is not opinion), you can check the credentials of the author etc.
    You might be surprised, or disappointed that Brexit it hasn’t been the complete disaster you had hoped for.

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    • Russ, you seriously think any of the remainers are going to want to be told that leaving Europe had even the smallest gains. Take away their belief in that they were right and the majority of those who took part in a legal referendum, were wrong and they would lose the will to live. I voted to leave, if the vote had gone the other way I would have accepted the democratic decision, I wouldn’t have like it but I would have accepted it.

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      • Spot on George, Democracy only works with ‘Losers Consent’. Apart from the referendum there have been 3 other democratic opportunities for Remain backing voters to register their displeasure (The European elections and both May and Johnson general elections) all saw Leave backing parties emerge victorious. Remainers have become like a handful of grasshoppers under a fern at the side of a field, they fill the air with their importunate chink, but only when their nemesis (the dreaded democratic process) rears it’s ugly head do they discover they are not the only inhabitants of the field.

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  4. The editor is at it again.
    Alwaysthe negative views are highlighted on this forum.
    From what I can see we haven’t left Europe.We are still attached to a lot of the EU laws and all the Conservative Governments and the Civil Servants have always been pro EU.
    The EU is making it difficult for the UK to ensure that other countries who may want to leave are shown that it is impossible to leave this monolithic institution.

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    • Long live the editor. I don’t know his views on Brexit but by publishing this article he has encouraged a lot of views, from both sides, that can only be good. My only regret, that people use both the thumb symbols rather than the keyboard as a way of expressing their opinion.

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  5. It’s been reported that the income of the average person in the UK citizen may well be less than that of Slovenia by the end of next year. The economy is stagnating, real incomes are falling, trade and investment are down, and universities are loosing talent. The fantasy of a “global Britain” a “Singapore on the Thames” unshackled from the EU was always a pipe dream. Johnson lied his way to power and Sunak continues to mouth the same vacuous platitudes.
    One commentator recently stated the Great Britain is becoming Little England.
    How the mighty have fallen.

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    • Dan, cast your eye over the other countries of Europe, what state are they in? France 1,00,000 on strike the other day, Germany, headline here a few days ago, heading for recession, again from this web site, Madeira, average wage, after historic rise to be below £200 per week for in the main a six day week.

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      • The IMF has estimated that the UKs medium term economic prospects are the worst of any advanced country. Whatever problems other countries are facing the UK is in worse shape.
        Brexit was just plain stupid. When you blow up your partnership with your biggest economic partners resulting in barriers to trade, investment and migration it should come as no surprise that the economy will stagnate.
        After the 2008/9 global financial crisis British productivity turned downward and has struggled to recovery. Austerity policies only made things worse as Tory governments slashed public spending, widening inequality. Instead of facing reality politicians blamed the EU, immigration, or too much government spending.
        The UK is still relatively wealthy but the current political class is dominated by liars and power hungry con artists who are more than capable of making things worse.
        Good luck.getting rid of them.

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        • Quite a lot there I agree with but “Whatever problems other countries are facing the UK is in worse shape.” What world wide ? You’ve been told a million times about exaggeration for affect. Meanwhile waiting for your constructive criticism.

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    • Downloaded from. businessculture.org

      Slovenian employees have similar problems to other western employees in terms of a poor work-life balance and lack of flexible working conditions or support for family responsibilities. Working long hours, having limited annual or parental leave, lacking flexible working hours or help with day-care for working mothers are common complaints. Indeed, the facilities available to Slovenian employees are far fewer compared to other member states of the European Union.
      The official working week in Slovenia follows the European standard of 40 hours, with 8 hours per day. However, many people work 10 hours a day in the private sector.
      Working hours depend on the place of work, with large companies usually starting their work day at between 8am and 9am and allowing for a 30 minute lunch break. Unofficially, many people work until about 6 pm, even though their work day finishes at between 4.30pm and 5pm. In public institutions, the work day starts earlier than in the private sector, at between 7.30am and 8am and finishes after 8 hours.
      A 50 hour week, 475 Euros a week, average wage. 310 Euros a week after after stoppages.

      A newly qualified nurse in the UK earns £520, per 37.5 hour week, plus shift payments, less stoppages. A train driver, £1134, A teacher £634.

      I can’t see a mass exodus to Slovenia by the above, who as it happens are all now taking strike action.

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  6. Had a look at this guy’s record pretty good except for the £1.75 Billion loss in 2007 when he bought EMI.
    “Terra Firma, the Private Equity Firm, would be worth £20 billion, or more than $25 billion, today, he laments, if EMI hadn’t soured. Hands lost about €200 million of his personal wealth in the deal, according to reports. “It’s not a disaster,” he said. “It’s only a disaster if I want to make it a disaster.”

    That is, perhaps, a perspective Terra Firma investors, who took it on the chin with Hands as EMI flamed out, should also adhere to.”
    Source. Market Watch. 2019

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  7. You can always find someone who has an agenda that reports what he wants, I can find ghost hunters that will say ghosts are real, Brexit success is not just measured in certain peoples financial gains but sovereignty and the countries ability to govern itself, we have not yet fully left the EU we are still shackled by thousands of EU laws, until these are removed and the UK can take full charge of its affairs then after you will see the result. Rather than say Brexit is a complete disaster for leaving perhaps he should look at the disasters that happened while we were members of tge EU, a systematic destruction of our fisheries outsourcing our industrial might to cheap EU countries , huge membership fees, . Strange how this week the UK FTSE 100 stocks reached its highest level in history ?? A complete disaster? The German economy shrank by 0.2% the uk economy grew 0.1 % , times are tough for all countries it was convenient for the remainiacs that a global economic crises , covid and a war in Ukraine case along so they can then blame everything on Brexit

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  8. Well the UK likes to call themselves a democratic country ? And during the supposed referendum none of the EU residents that did lived for years in UK not allowed the vote at all . In some respects the Brexit referendum itself was a violation of human rights. Three substantial groups were denied the opportunity to vote when inclusion of any two of those groups would almost certainly have reversed the result. Rational democratic decision-making was negated by a campaign of exaggeration and lies and unnecessary poll predictions encouraged complacency in the turnout for Remain. I did a great live their but after Brexit not thanks for me anymore . And this great country I that I knew years ago when I did lived their isn’t anymore the same country complete broken and dived and it is sad seeing that to happen .

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    • It seems to have suited you not to notice but the Referendum was for Britain and the British people to have a choice as to leave the EU or not. Not for EU citizens living in the UK to decide. As you choose not to tell us who were the other two substantial groups were I can’t comment. If it had been any other UK country wishing to leave I would not, if I had been a long stay visitor and despite how long my stay, I am still a visitor to that country had the temerity to meddle in that countries choice. You obviously wished to remain. Exaggeration and lies were not the sole preserve of the Remainers. The irrational bitterness shown by the losers like yourself and the Remainers tells those of us who did vote to leave were right.

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      • Irrational bitterness you must be refereeing to yourself indeed excellent description. I find the all situation a disgrace for a great country destroyed by a self centred politicians that only thing getting richer and the poor complete screw

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        • I’m not bitter, I’m cock a hoop, after a lot of thought I voted for Brexit, along with a majority of British citizens. I cannot understand why you a Portuguese would think you should be able to vote on a matter affecting British citizens. You are a guest. If I was a visitor to Portugal I would not dream of voting on such a matter. Portuguese people should decide such an issue, they have to live with their decision, theirs not mine. Like you I can always up sticks and go home. On the other hand I can understand why you are bitter, it seems Brexit cost you money.

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  9. Hello I wasnt a guest since I did lived their from 1999 until 2019 and like everyone else I did work and paid my taxes . And like many EU people that live their and contribuit for the country they should have the same right to vote also independent what you think .And now you did show your true colours full of prejudice and bigotry no under that the country gone insular and you and the other Brexit lot are more than welcome tho that .

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    • Thank you for contribution to the national exchequer but I fail to see why that gives the you, the right to vote on why my country, should stay or leave the EU. As I keep saying, if I lived in Portugal and they had a referendum as to whether to leave the EU I would not expect to have a vote in that choice. What what right have I to such a vote? The decision belongs to the Portuguese people, not me, I would be just a visitor, maybe long stay but I’m not Portuguese. Why should I have that vote? I’ve paid taxes, so what. I’ve paid taxes on my earnings, I’ve also benefited from the infrastructure those taxes support, as you did.
      As to bigotry, I’m not trying to prevent you from doing something that I’m not happy to accept you should be able to prevent me from doing should the case be reversed.

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