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Old 24-11-2023, 18:22   #5627
Sephiroth
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Re: Britain outside the EU

Quote:
Originally Posted by 1andrew1 View Post
You should be concerned by an 11% increase in costs making British companies less competitive. They're the country's future.

There's always a trade-off in sovereignty v global influence and prosperity. I think if this trade off had been acknowledged at the time by Brexiters, the economics would not need pointing out.


I'm afraid those two situations don't give you a get out of jail free card for Brexit.
Well, it does. I said 'eclipse'. Since we cannot say what would have happened had Covid/Ukraine not happened, we have a new baseline from which to grow.

As to your expected comment that British companies were made 'less competitive' by the 11%, I don't see that. I think you mean that imported goods cost them more than before for the reasons given by the professor. At worst, the profits of British business might have taken a hit, but the consumer appears not to have felt that. In other words, competitiveness held retail prices down. British business will find ways of increasing profit and that was always going to be the case.

We are a sovereign country now. The squabbling between EU countries will continue and we surely wouldn't want to be part of that any more.

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