The economic consequences of Brexit

The economic consequences of Brexit

Poll: The economic consequences of Brexit

Total Members Polled: 732

Far worse off than EU countries.: 15%
A bit worse off than if we'd stayed in.: 35%
A bit better off than if we'd stayed in.: 41%
Roughly as rich as the Swiss.: 10%
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Author
Discussion

powerstroke

10,283 posts

159 months

Sunday 24th July 2016
quotequote all
Ghibli said:
To me it looks like we are a sitting duck when we leave the EU.

If sterling drops ? We will get investment. I believe China has offered 20billion over the next 20 years.

This is only my view.

ARM went last week which delighted Nigel Farage on Facebook and Twitter. That's his view.
rofl

anonymous-user

53 months

Sunday 24th July 2016
quotequote all
powerstroke said:
Ghibli said:
To me it looks like we are a sitting duck when we leave the EU.

If sterling drops ? We will get investment. I believe China has offered 20billion over the next 20 years.

This is only my view.

ARM went last week which delighted Nigel Farage on Facebook and Twitter. That's his view.
rofl
https://www.theguardian.com/society/2016/jul/21/sheffield-lands-billion-pound-china-deal-to-create-hundreds-of-jobs

https://mobile.twitter.com/Nigel_Farage/status/754...

Yep, a mix up on the figures by me.

All a good laugh. As long as another country is investing in the UK we don't need to.

sidicks

25,218 posts

220 months

Sunday 24th July 2016
quotequote all
Ghibli said:
https://www.theguardian.com/society/2016/jul/21/sh...

https://mobile.twitter.com/Nigel_Farage/status/754...

Yep, a mix up on the figures by me.

All a good laugh. As long as another country is investing in the UK we don't need to.
Aren't we already investing in our economy?

Where is the extra money going to come from beyond that which is already being invested?

anonymous-user

53 months

Sunday 24th July 2016
quotequote all
sidicks said:
Where is the extra money going to come from beyond that which is already being invested?
You tell me. I can't see anyone investing for love. What does China get ?




sidicks

25,218 posts

220 months

Sunday 24th July 2016
quotequote all
Ghibli said:
You tell me. I can't see anyone investing for love.
What are you expecting to see?

Where are you looking?

anonymous-user

53 months

Sunday 24th July 2016
quotequote all
sidicks said:
Ghibli said:
You tell me. I can't see anyone investing for love.
What are you expecting to see?

Where are you looking?
What does China get out of it?

Do they get any sterling going back to China ? Do they own a piece of the U.K?



anonymous-user

53 months

Sunday 24th July 2016
quotequote all
jsf said:
We always have and we always will do what you suggest, your comment on looking at that before opting to leave is bizarre, because we always have been looking at that.

Until the referendum result was known to be to leave the EU, no one on either side was in a position to discuss the future, other than knowing what is written within the treaties that cover such a scenario.

If any major economy goes down, we are affected by it. That's always been the case and always will be. How affected depends on how dependant you are on that economy and also how the agreements between these economies are constructed. That's the nature of being a world trading nation. You could of course take the North Korea option and chose to isolate yourself from that scenario, but it doesn't look too appealing.
It looks like we both agree on some things. why we could invest in the Uk after leaving the EU and not while we are in it is bizarre to me.

anonymous-user

53 months

Sunday 24th July 2016
quotequote all
Ghibli said:
It looks like we both agree on some things. why we could invest in the Uk after leaving the EU and not while we are in it is bizarre to me.
I don't recall anyone saying you cant invest in the UK because we are in the EU?

What is different if you leave the EU is your ability to organise your policies in a more UK centric way and also your ability to have agreements with other countries that may benefit the UK economy more than if you are working within the EU system, where by its very nature means larger compromises are required that may be detrimental to a singular states interests.

anonymous-user

53 months

Sunday 24th July 2016
quotequote all
jsf said:
I don't recall anyone saying you cant invest in the UK because we are in the EU?

What is different if you leave the EU is your ability to organise your policies in a more UK centric way and also your ability to have agreements with other countries that may benefit the UK economy more than if you are working within the EU system, where by its very nature means larger compromises are required that may be detrimental to a singular states interests.
Fair enough, what will we be selling that we can't already sell?

anonymous-user

53 months

Sunday 24th July 2016
quotequote all
Ghibli said:
Fair enough, what will we be selling that we can't already sell?
No idea, no doubt some items that previously were not financially viable, some items that haven't yet been invented, the usual stuff really.

Another question could be, what will we be buying that we previously couldn't. That will depend on what we arrange with other nations that we currently cannot negotiate with due to being an EU member state.

For example we currently pay more than world prices for food, cars and pretty much anything else sourced from outside the EU. Japanese manufactured cars could be 10% cheaper if we arrange a free trade deal with Japan. We could help drive African economic growth if we start sourcing products from there. There are many possibilities that we currently cant take full advantage of.

anonymous-user

53 months

Sunday 24th July 2016
quotequote all
jsf said:
Ghibli said:
Fair enough, what will we be selling that we can't already sell?
No idea, no doubt some items that previously were not financially viable, some items that haven't yet been invented, the usual stuff really.

Another question could be, what will we be buying that we previously couldn't. That will depend on what we arrange with other nations that we currently cannot negotiate with due to being an EU member state.

For example we currently pay more than world prices for food, cars and pretty much anything else sourced from outside the EU. Japanese manufactured cars could be 10% cheaper if we arrange a free trade deal with Japan. We could help drive African economic growth if we start sourcing products from there. There are many possibilities that we currently cant take full advantage of.
I have no idea what we will be selling either. I'm sure will be able to buy lots of things and counties will be happy to sell to us.

It seems like a one way deal to me if we have nothing to sell and we are offering free trade deals.

anonymous-user

53 months

Sunday 24th July 2016
quotequote all
Ghibli said:
I have no idea what we will be selling either. I'm sure will be able to buy lots of things and counties will be happy to sell to us.

It seems like a one way deal to me if we have nothing to sell and we are offering free trade deals.
Who said we have nothing to sell?

anonymous-user

53 months

Sunday 24th July 2016
quotequote all
jsf said:
Ghibli said:
I have no idea what we will be selling either. I'm sure will be able to buy lots of things and counties will be happy to sell to us.

It seems like a one way deal to me if we have nothing to sell and we are offering free trade deals.
Who said we have nothing to sell?
What do we make and sell?

British owned that is.



Dr Jekyll

Original Poster:

23,820 posts

260 months

Sunday 24th July 2016
quotequote all
Ghibli said:
I have no idea what we will be selling either. I'm sure will be able to buy lots of things and counties will be happy to sell to us.

It seems like a one way deal to me if we have nothing to sell and we are offering free trade deals.
If we have nothing to export we won't be importing either so the problem is moot, but in any case free trade benefits the importer more than the exporter.

anonymous-user

53 months

Sunday 24th July 2016
quotequote all
Bloody hell, do some research yourself if you think we don't own or sell anything.

anonymous-user

53 months

Sunday 24th July 2016
quotequote all
Dr Jekyll said:
If we have nothing to export we won't be importing either so the problem is moot, but in any case free trade benefits the importer more than the exporter.
Let's hope that doesn't happen.

That is my point.

Derek Smith

45,512 posts

247 months

Sunday 24th July 2016
quotequote all
jsf said:
I don't know how much clearer I can make it Derek. The UK will have an agreement specific to the UK. That is not the Norway option.
If you won't read or answer the points I raise, there's little point in replying to my posts. Just ignore them and I'll extend the favour to your posts.


anonymous-user

53 months

Sunday 24th July 2016
quotequote all
Derek Smith said:
jsf said:
I don't know how much clearer I can make it Derek. The UK will have an agreement specific to the UK. That is not the Norway option.
If you won't read or answer the points I raise, there's little point in replying to my posts. Just ignore them and I'll extend the favour to your posts.
I read your post in its entirety twice Derek. My response is based on its contents.

sidicks

25,218 posts

220 months

Sunday 24th July 2016
quotequote all
jsf said:
Derek Smith said:
If you won't read or answer the points I raise, there's little point in replying to my posts. Just ignore them and I'll extend the favour to your posts.
I read your post in its entirety twice Derek. My response is based on its contents.
rofl

///ajd

8,964 posts

205 months

Monday 25th July 2016
quotequote all
Meanwhile, whilst you guys are arguing that a "FMOL and Paid SM access" deal is definately NOT Norway........

https://www.theguardian.com/business/2016/jul/25/m...



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