The economic consequences of Brexit
Poll: The economic consequences of Brexit
Total Members Polled: 732
Discussion
Dr Jekyll said:
It depends, if I'm happy with the prices for both transactions it's a good deal for me and if it isn't it won't happen. I buy lots of units from Amazon and they don't buy anything at all from me, from I still reckon I'm getting a good deal.
Sounds like a good deal for Amazon.What about our deal, how about I sell you 900 units, are you happy with that ? Tariff free of course the same as you are offering with your units.
Ghibli said:
Dr Jekyll said:
It depends, if I'm happy with the prices for both transactions it's a good deal for me and if it isn't it won't happen. I buy lots of units from Amazon and they don't buy anything at all from me, from I still reckon I'm getting a good deal.
Sounds like a good deal for Amazon.What about our deal, how about I sell you 900 units, are you happy with that ? Tariff free of course the same as you are offering with your units.
loafer123 said:
The point is that we aren't good at the same things, so we are not competing on homogenous products.
What deal can you offer me?Are you going to offer me financial service while your country is buying the 1000 units I want to sell you and making the 100 units they are selling me.
Ghibli said:
Ok let's say we have a deal between the two of us.
I want to sell you 1000 units and you want to sell me 100
A good deal for me, how is it for you?
What if we are buying in 1000 units of cheap tat but selling out 100 units of expensive service based items?I want to sell you 1000 units and you want to sell me 100
A good deal for me, how is it for you?
A trade deal with China reducing tariffs on UK manufactured cars "could" make a huge difference to the UK; I couldnt find the UK tariffs but heres what they impose on US cars.
"General Motors faces the greatest impact, almost 22% extra on some sports utility vehicles (SUVs) and other cars with engine capacities above 2.5 litres. Chrysler faces a 15% penalty, while a 2% levy will be imposed on BMW, whose US plants make many of the cars it exports to China."
Edited by barryrs on Friday 26th August 14:35
Ghibli said:
Dr Jekyll said:
It depends, if I'm happy with the prices for both transactions it's a good deal for me and if it isn't it won't happen. I buy lots of units from Amazon and they don't buy anything at all from me, from I still reckon I'm getting a good deal.
Sounds like a good deal for Amazon.What about our deal, how about I sell you 900 units, are you happy with that ? Tariff free of course the same as you are offering with your units.
Let's take you example to the limit.
Suppose the UK prints billions of £10 notes to buy stuff from all over the world. But we don't sell anything at all to anybody. All those £10 notes get lost down the back of a foreign sofa somewhere and don't come back here to buy stuff. We are getting all the goods we want coming in in exchange for £10 notes that cost pennies to print. Would that be a bad deal?
Conversely if we all worked out socks off providing goods for export, got plenty of dollars and Euros etc coming in, but never imported anything and just used the huge pile of currency to line budgie cages. Would that be sensible?
barryrs said:
What if we are buying in 1000 units of cheap tat but selling out 100 units of expensive service based items?
You will end up with a lot of cheap tat.Neither of us will make a profit out of each other but I will have my workforce getting rid of cheap tat and you service based items will be doing well.
Ghibli said:
barryrs said:
What if we are buying in 1000 units of cheap tat but selling out 100 units of expensive service based items?
You will end up with a lot of cheap tat.Neither of us will make a profit out of each other but I will have my workforce getting rid of cheap tat and you service based items will be doing well.
Ghibli said:
barryrs said:
They should; it will generate income via taxes to pay for their services including the NHS 
They won't need to make anything because we will be importing it all. youngsyr said:
You don't have to physically make an object to generate value. No products would exist without the initial creative idea and following design and guess what - you can sell ideas and designs.
Agreed, but the work force will need to do something in the way of jobs. As pointed out up thread. To create a deal we will need to buy as well as sell. The U.K. Is a small country and can't supply the world. Other countries will want to supply jobs for their workers just like us, there is just billions more of them and they will want a good deal where we buy from them.
Half the problem at the moment is that the money is in the city and the north are left out. If we are importing more as a result of free trade deals the north will have less to make, the city will have bigger bonuses.
Obviously it's not a total north south divide.
Ghibli said:
youngsyr said:
You don't have to physically make an object to generate value. No products would exist without the initial creative idea and following design and guess what - you can sell ideas and designs.
Agreed, but the work force will need to do something in the way of jobs. As pointed out up thread. To create a deal we will need to buy as well as sell. The U.K. Is a small country and can't supply the world. Other countries will want to supply jobs for their workers just like us, there is just billions more of them and they will want a good deal where we buy from them.
Half the problem at the moment is that the money is in the city and the north are left out. If we are importing more as a result of free trade deals the north will have less to make, the city will have bigger bonuses.
Obviously it's not a total north south divide.
Or, to put it another way, if you want to compete with Chinese manufactured goods, you better be willing to accept Chinese living standards.
youngsyr said:
What I'm trying to spell out is that you don't need to make anything to have full employment. Switching a country's output from manual/unskilled labour to the provision of services typically increases the average living standard.
Or, to put it another way, if you want to compete with Chinese manufactured goods, you better be willing to accept Chinese living standards.
What I'm saying is, we need to make trade deals. To make a deal appealing we will need to buy to keep the other county happy and have a good deal. We need to keep our workforce happy working if the workers want to change their skills thats great. The question is do they want to be forced into changing their skills ? My guess is no, I don't think they were voting for that.Or, to put it another way, if you want to compete with Chinese manufactured goods, you better be willing to accept Chinese living standards.
we run the risk of importing more than we export to get a good deal with the world.
youngsyr said:
Or, to put it another way, if you want to compete with Chinese manufactured goods, you better be willing to accept Chinese living standards.
I do. I'm a small manufacturer and I'm proud to pay young people a living wage. Yes I accept its not a panacea for all ills in society. The Chinese cannot compete with my prices. Currency devaluation has made them even less competitive apparently.
Jockman said:
youngsyr said:
Or, to put it another way, if you want to compete with Chinese manufactured goods, you better be willing to accept Chinese living standards.
I do. I'm a small manufacturer and I'm proud to pay young people a living wage. Yes I accept its not a panacea for all ills in society. The Chinese cannot compete with my prices. Currency devaluation has made them even less competitive apparently.
youngsyr said:
Jockman said:
youngsyr said:
Or, to put it another way, if you want to compete with Chinese manufactured goods, you better be willing to accept Chinese living standards.
I do. I'm a small manufacturer and I'm proud to pay young people a living wage. Yes I accept its not a panacea for all ills in society. The Chinese cannot compete with my prices. Currency devaluation has made them even less competitive apparently.
Every single UK manufacturer who has foreign competition has become more competitive as a result of the drop in value of the pound.
Mind you, I doubt that Jockman ever had serious foreign competition. Coffins are big and heavy, therefore they would be bloody expensive to ship around the world.
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