The economic consequences of Brexit (Vol 2)

[PurpleMoonlight]

Burwood said:

If I was TM Id just walks away from all discussions given the hostility. Start talking to other countries. fk the EU .

They have just proven exactly why we should not be a part of their club.

The UK is leaving their club. How dare the seek to protect the remaining members ahead of those of the leaving member.

Only a fool would have thought differently.

[London424]

PurpleMoonlight said:

Burwood said:

If I was TM Id just walks away from all discussions given the hostility. Start talking to other countries. fk the EU .

They have just proven exactly why we should not be a part of their club.

The UK is leaving their club. How dare the seek to protect the remaining members ahead of those of the leaving member.

Only a fool would have thought differently.

That comment doesn't make any sense at all.

[///ajd]

London424 said:

PurpleMoonlight said:

Burwood said:

If I was TM Id just walks away from all discussions given the hostility. Start talking to other countries. fk the EU .

They have just proven exactly why we should not be a part of their club.

The UK is leaving their club. How dare the seek to protect the remaining members ahead of those of the leaving member.

Only a fool would have thought differently.

That comment doesn't make any sense at all.

QED

[Burwood]

PurpleMoonlight said:

Burwood said:

If I was TM Id just walks away from all discussions given the hostility. Start talking to other countries. fk the EU .

They have just proven exactly why we should not be a part of their club.

The UK is leaving their club. How dare the seek to protect the remaining members ahead of those of the leaving member.

Only a fool would have thought differently.

What are you talking about. Protect them from what? What I am suggesting is, what a waste of time.

[PurpleMoonlight]

BBC tv news are reporting that a UK exit at WTO would see UK consumer costs increase by $16BN and EU consumer costs increase by $6.5BN.

[FN2TypeR]

London424 said:

PurpleMoonlight said:

Burwood said:

If I was TM Id just walks away from all discussions given the hostility. Start talking to other countries. fk the EU .

They have just proven exactly why we should not be a part of their club.

The UK is leaving their club. How dare the seek to protect the remaining members ahead of those of the leaving member.

Only a fool would have thought differently.

That comment doesn't make any sense at all.

Perhaps the word "interests" is missing from it after the words "remaining members" (just a guess) but it's hardly a squiggly line of illegible text is it?

[zygalski]

[CaptainSlow]

PurpleMoonlight said:

BBC tv news are reporting that a UK exit at WTO would see UK consumer costs increase by $16BN and EU consumer costs increase by $6.5BN.

and where does that $16Bn go?

[///ajd]

CaptainSlow said:

PurpleMoonlight said:

BBC tv news are reporting that a UK exit at WTO would see UK consumer costs increase by $16BN and EU consumer costs increase by $6.5BN.

and where does that $16Bn go?

Also where does it come from? The pockets of everyone - including those on NMW, the ones some brexiteers think brexit will help.

It does suggest a trade deal is really important from both sides.

[PurpleMoonlight]

CaptainSlow said:

and where does that $16Bn go?

It will go to the Government from our pockets.

[CaptainSlow]

///ajd said:

CaptainSlow said:

PurpleMoonlight said:

BBC tv news are reporting that a UK exit at WTO would see UK consumer costs increase by $16BN and EU consumer costs increase by $6.5BN.

and where does that $16Bn go?

Also where does it come from? The pockets of everyone - including those on NMW, the ones some brexiteers think brexit will help.

It does suggest a trade deal is really important from both sides.

Not really, this relates to under 2% of current UK tax receipts or just over 0.5% of GDP, which Remainers were saying was a very small amount last year when referring to the UK's EU contributions. So other taxes could be reduced, the deficit reduced, or an additional £300 million added to the £350 million extra the NHS is getting.

[PurpleMoonlight]

CaptainSlow said:

Not really, this relates to under 2% of current UK tax receipts or just over 0.5% of GDP, which Remainers were saying was a very small amount last year when referring to the UK's EU contributions. So other taxes could be reduced, the deficit reduced, or an additional £300 million added to the £350 million extra the NHS is getting.

Somehow I don't see them reducing taxes, do you?

If not spent elsewhere it would automatically assist in reducing the budget deficit, which I would welcome. But I would welcome less Government spending more.

[SidewaysSi]

I can see the UK economy (probably outside London) going down the toilet. Let's see what happens - will be interesting to see...

[jonnyb]

Me too, I think London and the southeast will be fairly insulated from it.

"May you live in interesting times"

[CaptainSlow]

PurpleMoonlight said:

CaptainSlow said:

Not really, this relates to under 2% of current UK tax receipts or just over 0.5% of GDP, which Remainers were saying was a very small amount last year when referring to the UK's EU contributions. So other taxes could be reduced, the deficit reduced, or an additional £300 million added to the £350 million extra the NHS is getting.

Somehow I don't see them reducing taxes, do you?

If not spent elsewhere it would automatically assist in reducing the budget deficit, which I would welcome. But I would welcome less Government spending more.

I suspect Corp Tax will be coming down.

[Dr Jekyll]

PurpleMoonlight said:

BBC tv news are reporting that a UK exit at WTO would see UK consumer costs increase by $16BN

That's assuming that the UK govt imposed maximum permissible import tariffs.

[Burwood]

PurpleMoonlight said:

BBC tv news are reporting that a UK exit at WTO would see UK consumer costs increase by $16BN and EU consumer costs increase by $6.5BN.

Lol, just made up nonsense if course. There is a fundamental reason that the burden is round the wrong way. Think about it.

[paulrockliffe]

PurpleMoonlight said:

CaptainSlow said:

and where does that $16Bn go?

It will go to the Government from our pockets.

So if you were a Labour voter, for example, that supported higher taxes and higher public spending you might think external tariffs would be a good thing as it increases the Government's ability to spend, transfers wealth from those with money to those without, while protecting jobs in the UK from external competition. Yet.....

When did the left become such obnoxious capitalist pig-dogs?

[PurpleMoonlight]

Burwood said:

Lol, just made up nonsense if course. There is a fundamental reason that the burden is round the wrong way. Think about it.

Do explain?

[Tuna]

Dr Jekyll said:

PurpleMoonlight said:

BBC tv news are reporting that a UK exit at WTO would see UK consumer costs increase by $16BN

That's assuming that the UK govt imposed maximum permissible import tariffs.

Which - as has been said repeatedly - would be 'kin stupid.

The reporting on this is so desperate to get a few extra clicks with a 'punchy' headline, that if they could link Brexit to the death of your first-born, they probably would.

Can any of the doom-mongers explain what exactly *anyone* would gain from making this negotiation go bad? It's not as if any party is immune to the consequences. The EU can't punish the UK without further damaging its already weak economy and strongly reinforcing the impression that it's more like the mafia than a democratic trade partnership. I've never met a single business that would say no to a trade that brings in cash, or a client that would refuse good value. Other than being able to say "I told you so", there is no benefit to screwing this up.