Thread: Britain outside the EU
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Old 29-12-2021, 19:14   #3627
OLD BOY
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Re: Britain outside the EU
Quote:
Originally Posted by ianch99 View Post
Long term 4% GBP loss is a starter as supported by the macro economic "Gravity" model:

https://www.economicsonline.co.uk/gl...of_trade.html/
It’s only a model. You know, like the ones the over-predict Covid hospitalisations.

---------- Post added at 19:14 ---------- Previous post was at 19:12 ----------

Quote:
Originally Posted by 1andrew1 View Post
The OBR does not bandy around finger-in-the-air figures, Old Boy. They know that macro is not a cash and carry.

What economists do know is that when you increase costs and red tape in one country, you put that country at a competitive disadvantage. That's where your minus 4% comes from. At the moment, the opportunities we're creating are for overseas businesses and not UK ones.

Take the latest farce - from January, our steel and aluminium producers will continue to face hefty 25% tariffs from the US whilst our EU competitors will face none.

https://www.theguardian.com/business...iffs-abolished
You are looking only at the EU, as usual. We will be thinking more globally in the future. That’s where our opportunities lie.
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