The economic consequences of Brexit
Poll: The economic consequences of Brexit
Total Members Polled: 732
Discussion
Borghetto said:
don4l said:
Daniel Hannan said:
Full WTO tariffs would cost British exporters £5.2 billion and EU exporters £12.9 billion. Which is why neither side will impose them.
A cut of £8Bn would look about right.
Government finances would be transformed overnight.
£10Bn fron EU contributions.
£8Bn from foreign Aid
£15Bn extra duties.
That is half of the defecit at a stroke.
We could easily have eradicated the deficit by 2020.
Hammond needs to up his game!
jsf said:
I have read many reports on the subject, ranging from well before the EU expansion to current day. The consensus of the reports are that mass uncontrolled migration does impact the lower end of the scale people adversely. Open door policies are bad for the social cohesion of a country.
How much of an impact though?We already have incredibly low unemployment - how much lower would it be without those extra immigrants (who create demand too don't forget)?
Are the figures big enough to jeaopardise the whole economy?
Jinx said:
jjlynn27 said:
Already covered. Read up. Were you up in arms when that same Southampton factory received almost 3 times as much in 2010?
By the way, how's your prediction of EURO demise in 2014 panning out? Try to read more about things, rather than snippets from UKIP press releases.
Did it escape your notice that Turkey isn't in the EU?By the way, how's your prediction of EURO demise in 2014 panning out? Try to read more about things, rather than snippets from UKIP press releases.
Edited by jjlynn27 on Friday 21st October 15:05
Which one is more likely, given that they've given significantly larger loan to UK factory few weeks earlier;
1) EIB as much of the EU hates UK, and used the opportunity to stick it to us
2) They approved loan as a part of a bigger deal to get further commitments from Ford.
You are listed as business development, if one sites produces 170.000 units at significantly lower cost than the other one producing 28.000, what do you think will happen to the later one?
Edited by jjlynn27 on Friday 21st October 17:50
davepoth said:
I've been off work for the last few days and I've noticed something odd; a significantly higher proportion of Remainers posting during office hours.
Funny you should say that, I've noticed the same. Perhaps most of the Leave voters are getting on with their lives and not constantly searching the newsfeeds for signs of doom ?AC43 said:
walm said:
StottyEvo said:
I am directly affected by immigration constantly in my daily life, I don't particularly have a problem with it, but it doesn't take much imagination to see why some people do (from my perspective anyway)
I would love to hear more.(Seriously, I am from the countryside, totally out of touch as a result!)
Off the top of my head I've had neighbours from Iran, Cyprus, India, Pakistan, the US, SA, Australia, Nigeria, Syria and Iran.
My clients & colleagues also come from a vast range of countries - Russia, Spain, Portugal, France, Italy, Denmark, Germany, Turkey etc etc etc
It's just normal in London.
I live in Dewsbury, in my apartment complex the population is majority Polish & Pakistani. The premises are treat atrociously, the bin stores are a sight to behold, the corridors are stained and are in very poor conditions as are the gardens due to tenants lack of respect. Generally, neighbours aren't friendly, a hello is often ignored or met with a grunt. In the local Shell the language of choice is Urdu for customers and staff alike. Crime is a large problem, since I moved here in March my car has been broken into with the window being smashed and a cheap stereo stolen. The street is littered with glass from smashed car windows, it's commonplace. The driving standards are woeful and the lack of consideration for others is often non exinsistant, complaints are met with disdain usually followed by violence. I like to remain optimistic so I don't personally see this, but there is a feeling of reverse racism among many.
It's not a nice place to live and many of the reasons for this can be rightly or wrongly linked to immigration.
“Everybody should be very very clear how damaging food inflation is to the economy, to retail businesses and manufacturing businesses… Our role is to do everything we can to prevent food inflation which is not good for business and highly toxic for consumers” – Matt Davies, Tesco’s UK CEO
jjlynn27 said:
No, it didn't. Now that I've answered your question, care to try this one.
Which one is more likely, given that they've given significantly larger loan to UK factory few weeks earlier;
1) EIB as much of the EU hates UK, and used the opportunity to stick it to us
2) They approved loan as a part of a bigger deal to get further commitments from Ford.
You are listed as business development, if one sites produces 170.000 units at significantly lower cost than the other one producing 28.000, what do you think that'll happen to the later one?
So you give a cheaper than market rate loan to the producer outside of the EU knowing full well it will damage the smaller business within the EU..........is that right?Which one is more likely, given that they've given significantly larger loan to UK factory few weeks earlier;
1) EIB as much of the EU hates UK, and used the opportunity to stick it to us
2) They approved loan as a part of a bigger deal to get further commitments from Ford.
You are listed as business development, if one sites produces 170.000 units at significantly lower cost than the other one producing 28.000, what do you think that'll happen to the later one?
ps Ford Turkey & Southampton were separate businesses developments which negotiated their own financing arrangements and Ford Motor Company only had 41% stake in the Turkey business.
http://www.fordotosan.com.tr/en/shareholder-struct...
Right,
Sorry to de-rail this thread from the economic consequences, but you’ve not answered my point about why the EU loaned money to a non-EU Country when the decision adversely affected an EU member country. Nor responded to my positive news about Vehicle exports. But here is the proof of my “fears”
There are 33,000 people employed by the EU. (source: https://europa.eu/european-union/about-eu/figures/... (although the bbc found it to be nearer 55,000 http://www.bbc.co.uk/news/uk-politics-eu-referendu...
Over 10,000 earn more than the UK Prime Minister. (http://www.telegraph.co.uk/news/worldnews/europe/eu/10847979/10000-European-Union-officials-better-paid-than-David-Cameron.html).
You may be happy with the scale and budget. I am not. I happen to think this is excessive.
EU Army:
Juncker is already talking about it: http://www.bbc.co.uk/news/world-europe-37359196. I don’t like this. I don’t think we want this.
As for our borders, under EU law any EU member can work and live anywhere else. Lovely in theory, but with huge differences in the living wage, benefits, healthcare etc etc, who would you not travel to the best location for your needs? I know I would. The problem is, in many, many examples the best case….is here. The UK is a great country. Who wouldn’t want to live here? Who wouldn’t want free healthcare? Who wouldn’t want to work here and have your child benefits sent back to your home country https://www.gov.uk/child-benefit-move-to-uk
This last bit seems plain daft to me. It was one of Cameron’s basket for EU negotiation which we didn’t get.
You see: lots of evidence, and none of it from the Daily Mail. So back on topic. Why is the good news about vehicle exports bad??
Sorry to de-rail this thread from the economic consequences, but you’ve not answered my point about why the EU loaned money to a non-EU Country when the decision adversely affected an EU member country. Nor responded to my positive news about Vehicle exports. But here is the proof of my “fears”
There are 33,000 people employed by the EU. (source: https://europa.eu/european-union/about-eu/figures/... (although the bbc found it to be nearer 55,000 http://www.bbc.co.uk/news/uk-politics-eu-referendu...
Over 10,000 earn more than the UK Prime Minister. (http://www.telegraph.co.uk/news/worldnews/europe/eu/10847979/10000-European-Union-officials-better-paid-than-David-Cameron.html).
You may be happy with the scale and budget. I am not. I happen to think this is excessive.
EU Army:
Juncker is already talking about it: http://www.bbc.co.uk/news/world-europe-37359196. I don’t like this. I don’t think we want this.
As for our borders, under EU law any EU member can work and live anywhere else. Lovely in theory, but with huge differences in the living wage, benefits, healthcare etc etc, who would you not travel to the best location for your needs? I know I would. The problem is, in many, many examples the best case….is here. The UK is a great country. Who wouldn’t want to live here? Who wouldn’t want free healthcare? Who wouldn’t want to work here and have your child benefits sent back to your home country https://www.gov.uk/child-benefit-move-to-uk
This last bit seems plain daft to me. It was one of Cameron’s basket for EU negotiation which we didn’t get.
You see: lots of evidence, and none of it from the Daily Mail. So back on topic. Why is the good news about vehicle exports bad??
walm said:
jsf said:
I have read many reports on the subject, ranging from well before the EU expansion to current day. The consensus of the reports are that mass uncontrolled migration does impact the lower end of the scale people adversely. Open door policies are bad for the social cohesion of a country.
How much of an impact though?We already have incredibly low unemployment - how much lower would it be without those extra immigrants (who create demand too don't forget)?
Are the figures big enough to jeaopardise the whole economy?
We have got used to 1.6 million people being unemployed as low, I beg to differ, its a lot of people who cant get a job. Whats more revealing is the number of people who are economically inactive, that's shows a more true picture of the number of people not in work of working age (16-64).
ONS said:
Economic inactivity
Economically inactive people are not in employment but do not meet the internationally accepted definition of unemployment. This is because they have not been seeking work within the last 4 weeks and/or they are unable to start work within the next 2 weeks.
The economic inactivity rate for people aged from 16 to 64 for the UK was 21.5%, for the period June to August 2016. This is a decrease of 0.2 percentage points compared with the previous period (March to May 2016). The UK region with the highest rate was Northern Ireland at 25.7%, followed by the North East at 23.6%. The region with the lowest rate was the South East at 18.9%, followed by the East of England at 19.1% and the South West at 19.7%.
Economically inactive people are not in employment but do not meet the internationally accepted definition of unemployment. This is because they have not been seeking work within the last 4 weeks and/or they are unable to start work within the next 2 weeks.
The economic inactivity rate for people aged from 16 to 64 for the UK was 21.5%, for the period June to August 2016. This is a decrease of 0.2 percentage points compared with the previous period (March to May 2016). The UK region with the highest rate was Northern Ireland at 25.7%, followed by the North East at 23.6%. The region with the lowest rate was the South East at 18.9%, followed by the East of England at 19.1% and the South West at 19.7%.
alfie2244 said:
jjlynn27 said:
No, it didn't. Now that I've answered your question, care to try this one.
Which one is more likely, given that they've given significantly larger loan to UK factory few weeks earlier;
1) EIB as much of the EU hates UK, and used the opportunity to stick it to us
2) They approved loan as a part of a bigger deal to get further commitments from Ford.
You are listed as business development, if one sites produces 170.000 units at significantly lower cost than the other one producing 28.000, what do you think that'll happen to the later one?
So you give a cheaper than market rate loan to the producer outside of the EU knowing full well it will damage the smaller business within the EU..........is that right?Which one is more likely, given that they've given significantly larger loan to UK factory few weeks earlier;
1) EIB as much of the EU hates UK, and used the opportunity to stick it to us
2) They approved loan as a part of a bigger deal to get further commitments from Ford.
You are listed as business development, if one sites produces 170.000 units at significantly lower cost than the other one producing 28.000, what do you think that'll happen to the later one?
ps Ford Turkey & Southampton were separate businesses developments which negotiated their own financing arrangements and Ford Motor Company only had 41% stake in the Turkey business.
http://www.fordotosan.com.tr/en/shareholder-struct...
As for the Turkey loan, your question was already replied to in last few pages, repeating them again will add nothing.
walm said:
“Everybody should be very very clear how damaging food inflation is to the economy, to retail businesses and manufacturing businesses… Our role is to do everything we can to prevent food inflation which is not good for business and highly toxic for consumers” – Matt Davies, Tesco’s UK CEO
Every little helps, walm.....It's beer o'clock. Happy Friday.
jjlynn27 said:
So, no answer in reply to a post with questions addressed to someone else. Ok. Cheaper than market rate loan was given to Southampton factory as well, I thought you figured that out after replying to js post. Do you feel that that loan was ok, given that it was funded by EU?
As for the Turkey loan, your question was already replied to in last few pages, repeating them again will add nothing.
Yes I knew of the Southampton loans but didn't realise it was those that js was referring to and yes it was 100% ok given it was an EU loan (part UK money)why would you not give it to a member of your own community? As for the Turkey loan, your question was already replied to in last few pages, repeating them again will add nothing.
As for the Turkey loan, do you think it was ok to give them the loan (cheap and part UK funded) when it would obviously damage UK production which happens to be within the EU unlike Turkey? Seems rather underhand to me.
StottyEvo said:
That genuinely sounds wonderful, immigration working as we would all hope. Although I expect that if you lived in Bradford or Luton you may have a different experience and therefore opinion on immigration.
I live in Dewsbury, in my apartment complex the population is majority Polish & Pakistani. The premises are treat atrociously, the bin stores are a sight to behold, the corridors are stained and are in very poor conditions as are the gardens due to tenants lack of respect. Generally, neighbours aren't friendly, a hello is often ignored or met with a grunt. In the local Shell the language of choice is Urdu for customers and staff alike. Crime is a large problem, since I moved here in March my car has been broken into with the window being smashed and a cheap stereo stolen. The street is littered with glass from smashed car windows, it's commonplace. The driving standards are woeful and the lack of consideration for others is often non exinsistant, complaints are met with disdain usually followed by violence. I like to remain optimistic so I don't personally see this, but there is a feeling of reverse racism among many.
It's not a nice place to live and many of the reasons for this can be rightly or wrongly linked to immigration.
There is 2 volumes here for you to readI live in Dewsbury, in my apartment complex the population is majority Polish & Pakistani. The premises are treat atrociously, the bin stores are a sight to behold, the corridors are stained and are in very poor conditions as are the gardens due to tenants lack of respect. Generally, neighbours aren't friendly, a hello is often ignored or met with a grunt. In the local Shell the language of choice is Urdu for customers and staff alike. Crime is a large problem, since I moved here in March my car has been broken into with the window being smashed and a cheap stereo stolen. The street is littered with glass from smashed car windows, it's commonplace. The driving standards are woeful and the lack of consideration for others is often non exinsistant, complaints are met with disdain usually followed by violence. I like to remain optimistic so I don't personally see this, but there is a feeling of reverse racism among many.
It's not a nice place to live and many of the reasons for this can be rightly or wrongly linked to immigration.
http://www.pistonheads.com/gassing/topic.asp?h=0&a...
Please let me know how much of that stuff is due to immigrants?
jamoor said:
StottyEvo said:
That genuinely sounds wonderful, immigration working as we would all hope. Although I expect that if you lived in Bradford or Luton you may have a different experience and therefore opinion on immigration.
I live in Dewsbury, in my apartment complex the population is majority Polish & Pakistani. The premises are treat atrociously, the bin stores are a sight to behold, the corridors are stained and are in very poor conditions as are the gardens due to tenants lack of respect. Generally, neighbours aren't friendly, a hello is often ignored or met with a grunt. In the local Shell the language of choice is Urdu for customers and staff alike. Crime is a large problem, since I moved here in March my car has been broken into with the window being smashed and a cheap stereo stolen. The street is littered with glass from smashed car windows, it's commonplace. The driving standards are woeful and the lack of consideration for others is often non exinsistant, complaints are met with disdain usually followed by violence. I like to remain optimistic so I don't personally see this, but there is a feeling of reverse racism among many.
It's not a nice place to live and many of the reasons for this can be rightly or wrongly linked to immigration.
There is 2 volumes here for you to readI live in Dewsbury, in my apartment complex the population is majority Polish & Pakistani. The premises are treat atrociously, the bin stores are a sight to behold, the corridors are stained and are in very poor conditions as are the gardens due to tenants lack of respect. Generally, neighbours aren't friendly, a hello is often ignored or met with a grunt. In the local Shell the language of choice is Urdu for customers and staff alike. Crime is a large problem, since I moved here in March my car has been broken into with the window being smashed and a cheap stereo stolen. The street is littered with glass from smashed car windows, it's commonplace. The driving standards are woeful and the lack of consideration for others is often non exinsistant, complaints are met with disdain usually followed by violence. I like to remain optimistic so I don't personally see this, but there is a feeling of reverse racism among many.
It's not a nice place to live and many of the reasons for this can be rightly or wrongly linked to immigration.
http://www.pistonheads.com/gassing/topic.asp?h=0&a...
Please let me know how much of that stuff is due to immigrants?
williamp said:
Who wouldn’t want to live here? Who wouldn’t want free healthcare? Who wouldn’t want to work here and have your child benefits sent back to your home country https://www.gov.uk/child-benefit-move-to-uk
This last bit seems plain daft to me. It was one of Cameron’s basket for EU negotiation which we didn’t get.
You see: lots of evidence, and none of it from the Daily Mail. So back on topic. Why is the good news about vehicle exports bad??
I always wondered this and then wonder why we haven't more people from romania and bulgaria which are much worse of economically migrate here to claim our benefits and send them back home?This last bit seems plain daft to me. It was one of Cameron’s basket for EU negotiation which we didn’t get.
You see: lots of evidence, and none of it from the Daily Mail. So back on topic. Why is the good news about vehicle exports bad??
walm said:
“Everybody should be very very clear how damaging food inflation is to the economy, to retail businesses and manufacturing businesses… Our role is to do everything we can to prevent food inflation which is not good for business and highly toxic for consumers” – Matt Davies, Tesco’s UK CEO
Fuel costs are up around 25% on 12 months ago. This has to start filtering down to food prices as the months go on.Sadly, there appears to be no end to the rising fuel prices, too.
Trabi601 said:
Fuel costs are up around 25% on 12 months ago. This has to start filtering down to food prices as the months go on.
Sadly, there appears to be no end to the rising fuel prices, too.
No they are not, they are within 1 pence of 12 months ago.Sadly, there appears to be no end to the rising fuel prices, too.
Fuel is still significantly cheaper than it was a few years ago, it hasn't yet recovered from the crash due to the slow down of the world economy and overproduction.
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