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Re: Brexit discussion
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Re: Brexit discussion
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I am off for a tin foil hat fitting now. |
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The point you don't want to ponder is that we may actually get a trade deal that includes services when we pull out of the EU, and that on top of that, we will get increased business with the rest of the world. That would make us better off, not worse off. |
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So who do we talk to, to compensate for potential gdp loss from EU trade? The US are playing more and more hardball with their ‘America First’ policy. TTIP has stalled partially due to US demands such as being able to sue governments if their policies harm businesses. Indian have mentioned a loosening of immigration requirements as part of a trade deal. Chile aren’t happy with tariff quota allowances and you can be sure that the rest of South America will follow. South Korea have already said they want to address the balance of trade with the UK before any agreement can be reached. Liam Fox and his department have some busy times ahead... |
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The issue is that the UK will enjoy less influence in Europe (eg Europol which we heavily steer) and the economy will grow less strongly than if we had remained in the EU. Until a form of transport exists that can transport people and goods as rapidly and cheaply between the UK and Europe as between the UK and the rest of the world, trade deals with neighbouring countries will always outweigh those with more distant countries. If you read the Government's analysis, you would realise that trade with the rest of the world would add less than 1% in GDP whilst leaving the EU would result in a 2%-8% reduction in GDP. That analysis makes uncomfortable reading for some and I appreciate you may wish to turn a blind eye to it. |
Re: Brexit discussion
I've been thinking about this and you know something? I think Andrew is right, we're well up the creek and no paddles to hand.
We import crops from the EU because we don't know how to grow our own. We import meat because we can't rear livestock. Milk and Cheese are imported because we lack the technology to produce it Chickens? heck yeah, we have a country full of those. ;) Cars, well I guess most of those come from abroad too . . along with TV's, Mobiles, Microwaves and Dishwashers. Clothes, Carpets, Furniture, all mass produced and shipped in daily. Service industries . . . well that's just a few computers in an office somewhere, could be anywhere in the world (that's cheap enough). Banking? see above. Gas & Electricity comes from . . . oh yeah. So, after mulling over this little puzzle I realised the only thing we have in this country to generate cash for the economy is . . . speeding fines :D |
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Well, since 51% of our food is imported, we best start growing it tout-suite...
We only produce 38% of the gas we use. 85% of new cars bought in the UK are imported. |
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I guess what I'm getting at is . . . if all the trade deals offered to us are really bad, who else are the EU going to sell to? |
Re: Brexit discussion
No10 has confirmed we will be leaving the customs union so no soft brexit as being out of that pretty much gaurantees full exit from the EU happy days :).
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Honestly, Andrew! The EU is not the only place we will be getting our goods from post Brexit. I think you place too much reliance on forecasts when forming your opinions and making your comments, most of which have proved wrong in recent times. They tend to concentrate on negatives without adequate consideration of the potential benefits. |
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How about non-seasonal goods from cars to pharmaceuticals? What about industries such as the automotive industry that have notoriously short supply chains. I heard somewhere that Nissan in the UK holds less than half a days production of parts in stock. The further goods have to come, the more likely there will be delays and the longer those delays will be. It's certainly not impossible that there are some sweet deals out there but the question is, are they sweeter than what we had? |
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If shipped there's little difference, if made they can build a plant here too :) |
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---------- Post added at 17:59 ---------- Previous post was at 17:54 ---------- Quote:
What makes you think that forecasts don't consider the potential upsdes? Is this another conspiracy theory or one you have some evidence on? |
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