It is very early days and there are going to be good and bad news stories hitting us for the next 2-3 years and the FTSE and £ will move around accordingly. The fiasco over the EU trade deal with Canada just typifies what a dysfunctional project we're escaping from. There are of course many positives to being in the EU but the negatives just outweigh them for me. Here are some interesting numbers: - UK nett contribution to EU per annum = £8.5Bn - Without a trade deal being struck, post Brexit the EU would pay £12.9Bn in tariffs on goods exported to the UK. - UK would pay £5.2Bn on goods exported to the EU. We are in a phony war at the moment and with the EU economy and Euro struggling, I just can't see them punishing the UK for leaving when they will damage themselves even more. When businesses start projecting their future budgets and see the likely damage to their trade, the lobbying will start.
But what will the cost be to you and me for the goods we import into the UK? No one will pay that tariff except you and me.
na,, no prob,,, just fkn nuke them all,, no prob,, no one left to disagree....... maybe we can get Trump in as hon PM
In the end, it's only about the money. Will we pay more? Will things cost more? Number One consideration. At least, that's what the money-grabbers will tell you.
I just wish everyone reporting news would stop calling our existing membership of the EU 'free trade', which it clearly isn't 'free', no matter which way you flower it up As for everyone wanting to know exactly what the plans of the government are, then all I can say is why on earth would they make it public knowledge? Clearly you don't show your hand prior to starting negotiations, it would simply make our position harder and theirs easier. that's why everyone including the heads of other eu member states are frustrated, because they don't know what to expect, and that's exactly how it should be at this stage. Now you could possibly go on to say why won't our government hold secret talks with people such as Jeremy Corbyn or Nicola Sturgeon? Well let's put it this way, if you were the UK government, would you trust either of those two people with confidential information on the position we're likely to take? NO, you'd be fucking mental if you did. All Nicola Sturgeon simply wants is Scottish independence, regardless of whether the UK government could offer her Scottish streets lined with gold, she'd still twist and use any means necessary to take Scotland a separate way. The markets (currency) will continue to fluctuate throughout all of this, that's unfortunately par for the course when certainty and accurate data isn't available. Trader's like stats, they like knowing the inside track. Unfortunately they can't know what our plans are until talks take place. People have just got to ride this out and show some faith, it's a big ask I know, but you have to surely understand why the government is taking the line it is by not revealing much information at this stage.
A lot of this posturing from the EU side is aimed at domestic audiences. Many EU leaders will be facing elections very shortly, long before the Brexit process is completed. They are trying to make the process look as tortuous as possible to quell anti-EU opposition at home. However, like most politicians in Europe they are likely to find that their electorates are not as stupid as they thought. Millions of European voters are praying for a successful Brexit so that the pressure to hold referendums of their own will become overwhelming and they will get the chance to follow our example. At the first sign that punitive treatment of the UK is going to hurt European economies more than ours, scheming EU leaders are likely to find that events at home overtake them.
We will, for any goods imported from the EU which have tariffs imposed on them EU members will in turn also pay tariffs on all goods imported from the UK which have tariffs imposed on them Who knows really, some may get cancelled out against each other under sensible agreements, others might not There's of course then the option to import goods from non eu states for free, obviously after successful negotiations conclude. Now if we're not having to worry about 27 other member states it's likely those deals will conclude fairly quickly in comparison. They'll also probably start at the same time as the EU negotiations, that way the government will be able to balance out negative feeling with some positive feeling, that will sure up the markets. Then again I might be completely wrong, but I'm a fairly realistic chap and if it sounds like the most sensible thing to do I generally go with that theory
What tariffs? To take one example, we are effectively paying already a (quite literally) extortionate tariff of 17.5% on food products from within the "single market" due to protectionist inflation and price fixing, while goods from outside the EU are priced out of the market, particularly goods from developing countries which desperately need free trade for economic prosperity and the political stability that comes from it (which would greatly reduce the on-going immigration catastrophe). When we are rid of EU racketeering we can trade with countries outside the bloc (particularly Commonwealth countries) on mutually beneficial terms. Our imported food costs will fall not rise and the same will apply to many other commodities.
Unlike Canada, we are already in with agreements. We are on a par with the Eu, we operate within EU rules so any deal is largely as mentioned smoke and mirrors and more about stopping others from leaving than anything else. Sure we could go with the tit for tat tariffs but I doubt European business's can afford that. The agreements are easy, the rest is about the EU saving face.
I think you are living on a different planet. There are going to be some seriously disappointed Leavers in 30 months time.
If there are tariffs on imported goods whoever wants them will pay for them Some people are already in the mindset of they want it they will have it whatever the cost it's become the norm It will get swallowed up in the total bill and after a few weeks of moaning it will be on to the next thing
as it stands we as a union of countries we pay more in than we get out. but does that include the knock on effect? if nothing changes (big big IF) it stands to reason we should be as a union of countries should be better off. i think thats the brexiters basic economic argument. do you trust the tories/kippers to spread the wealth around? nope, not now, not ever. its what they do.
An article based upon a report written by Eurostat, the statistical agency for the EU. Read it and weep Remoaners. The eurozone is turning into a poverty machine This is why I couldn't care less about hard or soft Brexit, all I want is out, and the sooner the better.
oh ffs it the telegfaph. :smileys: the barckly bros are one of the big players in the poverty machine. quite a lot on the radio this morning about research grants coming from the EU scotland unis seem to get the bigger share.but projects put on hold due to uncertainty. how much is that research worth to the wider economy when completed?. will the tory/kippers maintain the grants without a fight. tory governments spreading the wealth? aye right.
I'm on a different planet from you, certainly. https://iea.org.uk/brexit-could-slash-food-prices-but-only-if-we-make-it-a-free-market-brexit
It is based upon statistics from the EU. It might not fit in with what you want to hear but any objective analysis of the EU has to conclude that it is failing it's people badly, particularly those people in the Eurozone.
nothing is gonna fit in with my thinking today. bad bad tooth ache. i have seen that paper debunked that many times i have zero reason to believe it. but as papers go it wouldn't surprise me if it does have a giggle after removing the neighbors foundations then watching their house fall down.
