The economic consequences of Brexit (Vol 2)

The economic consequences of Brexit (Vol 2)

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turbobloke

103,950 posts

260 months

Friday 21st July 2017
quotequote all
Sway said:
SunsetZed said:
Police State said:
Dissident Dragon said:
///ajd said:
Yep.

Have any jobs been created in the EU - at the expense of UK jobs - due to brexit?

That's a yes too.
Have any jobs been created in the UK - at the expense of EU jobs - due to Brexit?

That's a yes too.

I am currently working with three Irish companies that together are looking to create over 1,000 jobs in the UK directly as a result of Brexit. There are many other Irish companies investigating similar. It's not all one way.
I'm curious about this one... (genuine question)
Why are Irish companies keen to create 1000 jobs as a direct result of Brexit; what's in it for them that's not (necessarily) in it for them in Ireland, post Brexit?
so they could avoid any tariffs in the event of no single market tariff free access possibly?
It's hilarious.

Constant complaints that brexit will guarantee that any UK business that relies on EU exports will up sticks and move to the EU, yet compete blindness to the fact that this is also likely to operate in the opposite direction - EU businesses that rely on UK sales are just as likely to want to move here...

If ever there was an example of partisan blindness here it is.
Faith and dogma are impervious to evidence, data and logic.

Wayne E Edge

545 posts

151 months

Friday 21st July 2017
quotequote all
At least we Brits will be holidaying together and get as much as each other's company that one could wish for if the pound tumbles any further. Still, there must be another reason for it other than Brexit - the blind faith it will all be rosy on here is staggering.

I think it is a refusal for some people to acknowledge that maybe, just maybe we voted the wrong way.

Oh well, in for a penny, in for a pound.....laugh because the former there is what our pound will be worth soon.

Dissident Dragon

117 posts

236 months

Friday 21st July 2017
quotequote all
Police State said:
I'm curious about this one... (genuine question)
Why are Irish companies keen to create 1000 jobs as a direct result of Brexit; what's in it for them that's not (necessarily) in it for them in Ireland, post Brexit?
I'm a bit late to reply as I'm not here that often (as my less than prolific post count will testify).

The main reason is that, for manufacturers whose main market is the U.K. (and there are many across several sectors), the Irish Sea is a relatively expensive body of water to cross. All things being equal they are able to manage this within their business model. However, the potential threat of tariffs and for more significant currency fluctuations mean that they must assess their options going forward and many believe that a UK base would be the best for them.

These are highly skilled manufacturing jobs paying in excess of average UK wages so a real win for the UK economy.

I'm also working with several companies that have 'mobile' projects where the UK is one possible location. This side of my business has grown exponentially in the last 12 months as more companies are choosing the security of the UK.

Digga

40,317 posts

283 months

Friday 21st July 2017
quotequote all
Wayne E Edge said:
I think it is a refusal for some people to acknowledge that maybe, just maybe we voted the wrong way.
The greater stupidity is anyone having the small-minded, pig-headed, moronic arrogance a.) to think there was a definitive 'right' way to vote and b.) that they somehow - whichever way they chose to vote - have the right to impart this wisdom.

There were and are no guarantees or certainties, other than those assumed or imagined.

turbobloke

103,950 posts

260 months

Friday 21st July 2017
quotequote all
Digga said:
Wayne E Edge said:
I think it is a refusal for some people to acknowledge that maybe, just maybe we voted the wrong way.
The greater stupidity is anyone having the small-minded, pig-headed, moronic arrogance a.) to think there was a definitive 'right' way to vote and b.) that they somehow - whichever way they chose to vote - have the right to impart this wisdom.

There were and are no guarantees or certainties, other than those assumed or imagined.
Well said.

In the face of apocalyptic warnings against voting Leave, sufficient people voted Leave that we are leaving. No guarantees or warranties were given, taken or implied.

anonymous-user

54 months

Friday 21st July 2017
quotequote all
turbobloke said:
Faith and dogma are impervious to evidence, data and logic.
A comment that can be levelled with equal force at factions of both the Remain and the Leave camps.

anonymous-user

54 months

Friday 21st July 2017
quotequote all
turbobloke said:
sufficient people voted Leave that we are leaving. No guarantees or warranties were given, taken or implied.
Thanks for the clarification that everything you have written in these Brexit threads is complete bks.

turbobloke

103,950 posts

260 months

Friday 21st July 2017
quotequote all
Ghibli said:
turbobloke said:
sufficient people voted Leave that we are leaving. No guarantees or warranties were given, taken or implied.
Thanks for the clarification that everything you have written in these Brexit threads is complete bks.
Alternatively, the only complete bks is the illogical and unsubstantiated conclusion you just offered.

There were and are no guarantees about the outcomes of Brexit. The negotiations have barely started ffs.

Your ability to remember every post from even one PHer in these Brexit threads is astounding, so much so that it's complete bks.

Do you have anytthnig on-topic to offer rather than provocative personal attacks counter to the posting rules? Apparently not.

Digga

40,317 posts

283 months

Friday 21st July 2017
quotequote all
Greg66 said:
turbobloke said:
Faith and dogma are impervious to evidence, data and logic.
A comment that can be levelled with equal force at factions of both the Remain and the Leave camps.
Totally.

We see it as "the UK is in turmoil as a result of Brexit", but fail to look at things from the perspective of the rest of the EU; they too are facing changes and uncertainty and not only because of Brexit. Tier 2 imbalances, and political and democratic concerns (see Poland for one example) are but a few of the other issues which are the source of great anxiety and the cause of much work within the union.

There are no guarantees. There is no certainty.

andymadmak

14,560 posts

270 months

Friday 21st July 2017
quotequote all
Wayne E Edge said:
At least we Brits will be holidaying together and get as much as each other's company that one could wish for if the pound tumbles any further. Still, there must be another reason for it other than Brexit - the blind faith it will all be rosy on here is staggering.
Blind faith? Perhaps in a very few cases. Most of what I see is a practical and pragmatic attitude being adopted. Is it possible that the sky will fall in? Yes of course. Is it likely? No not really in my view. You may take a different view. You may be right, I may be wrong.
Given what is at stake I would like as many people as possible to work towards proving me right, and as few people as possible like you, trying their best to ensure that I am proved wrong.
You don't have to agree with the decision. But you do have to stop trying to sabotage the outcome.

Wayne E Edge said:
I think it is a refusal for some people to acknowledge that maybe, just maybe we voted the wrong way.
I genuinely don't know where you get off writing something like this, so breathtaking is your arrogance. It was a democratic vote. Both sides had more than enough time and resource available to them to convince the electorate as to the merits of their respective arguments. Indeed, do you not think it curious that after 40 odd years as a member of this supposedly so fantastic club the Remain side could find no POSITIVE arguments to deploy? It was all about fear and threats. By any sensible analysis, if everything points to such a compelling argument to Remain as you think is so obvious, then Leave should have lost the vote by a country mile.

But it didn't.

The result stands as what it is. You might want to reflect therefore on just why you think you are in the right in this? Clue: "cos I am", "cos its obvious", "cos the sky is going to fall in" , "cos Remain lied on a poster/bus/broadcast/interview/internet (delete as appropriate)", "Cos you're all racist/thick/old/duped/unwitting (delete as appropriate)" do not count as valid answers.

Wayne E Edge said:
Oh well, in for a penny, in for a pound.....laugh because the former there is what our pound will be worth soon.
Really? Define soon? And how much would you like to bet that you are right in your assertion? I'll wager £1000 to the charity of your choice that the pound will be worth no less than 90% of its current value within 5 years of our leaving the EU.

Wayne E Edge

545 posts

151 months

Friday 21st July 2017
quotequote all
andymadmak said:
Wayne E Edge said:
At least we Brits will be holidaying together and get as much as each other's company that one could wish for if the pound tumbles any further. Still, there must be another reason for it other than Brexit - the blind faith it will all be rosy on here is staggering.
Blind faith? Perhaps in a very few cases. Most of what I see is a practical and pragmatic attitude being adopted. Is it possible that the sky will fall in? Yes of course. Is it likely? No not really in my view. You may take a different view. You may be right, I may be wrong.
Given what is at stake I would like as many people as possible to work towards proving me right, and as few people as possible like you, trying their best to ensure that I am proved wrong.
You don't have to agree with the decision. But you do have to stop trying to sabotage the outcome.

Wayne E Edge said:
I think it is a refusal for some people to acknowledge that maybe, just maybe we voted the wrong way.
I genuinely don't know where you get off writing something like this, so breathtaking is your arrogance. It was a democratic vote. Both sides had more than enough time and resource available to them to convince the electorate as to the merits of their respective arguments. Indeed, do you not think it curious that after 40 odd years as a member of this supposedly so fantastic club the Remain side could find no POSITIVE arguments to deploy? It was all about fear and threats. By any sensible analysis, if everything points to such a compelling argument to Remain as you think is so obvious, then Leave should have lost the vote by a country mile.

But it didn't.

The result stands as what it is. You might want to reflect therefore on just why you think you are in the right in this? Clue: "cos I am", "cos its obvious", "cos the sky is going to fall in" , "cos Remain lied on a poster/bus/broadcast/interview/internet (delete as appropriate)", "Cos you're all racist/thick/old/duped/unwitting (delete as appropriate)" do not count as valid answers.

Wayne E Edge said:
Oh well, in for a penny, in for a pound.....laugh because the former there is what our pound will be worth soon.
Really? Define soon? And how much would you like to bet that you are right in your assertion? I'll wager £1000 to the charity of your choice that the pound will be worth no less than 90% of its current value within 5 years of our leaving the EU.
If this fiasco is pragmatism and practicality then I'm Boris Johnson. I don't know whether 'the sky will fall in' as you don't. You could be right also and I could be wrong. Hope that is the case. I'm certainly not going to get behind something that in my opinion is a suicide mission. If the pessimistic view of a few remainers are enough to bring us down then we are on fragile territory.
I think the pound will carry on losing ground over the short term and whether it will recover - who knows? You say that the pound will be at 90% of today's value. Well, that would make it 0.99 to the Euro, which I think will quite possibly happen. The pound has already lost about 28% since before the referendum.
As for the bet - not sure I'll have a grand biggrin

These lot seem to think that parity is likely. that pretty much gets to your 90%.







Edited by Wayne E Edge on Friday 21st July 17:27

turbobloke

103,950 posts

260 months

Friday 21st July 2017
quotequote all
Wayne E Edge said:
I'm certainly not going to get behind something that in my opinion is a suicide mission.
Not wishing to pry but does that mean you're quitting the UK before or around the time of Brexit? Otherwise how will you not in reality 'be behind it' colletively speaking when others are calling the shots?

anonymous-user

54 months

Friday 21st July 2017
quotequote all
Man considering move to Eurozone condemns leave vote due to drop in personal wealth shocker....

This is the funny thing about all the arguments for the remain side Wayne my good man, they were/are predominantly based on financials. Me, me, me, me, me and ummmm ? me!

You have to look at the bigger picture my friend.

I realise your own move to France may well be hindered now that you have lost some of that personal wealth during this sacrifice to make the UK the pioneering nation that it, for most of our taught history, has always been and you blame the people who voted leave but you have to understand that for the most part, the vote wasn't about you personally and not in the slightest related to you considering moving to France.

Good luck with that by the way, you sound like you'll need it!

wc98

10,391 posts

140 months

Friday 21st July 2017
quotequote all
Sway said:
It's hilarious.

Constant complaints that brexit will guarantee that any UK business that relies on EU exports will up sticks and move to the EU, yet compete blindness to the fact that this is also likely to operate in the opposite direction - EU businesses that rely on UK sales are just as likely to want to move here...

If ever there was an example of partisan blindness here it is.
i wish you ,tb ,digga etc would stop pointing out the obvious to those getting their knickers in a twist about brexit. the amusement i get just from reading the replies on this thread is priceless and i was hoping it would continue for a while yet. if certain people allowed the panic to subside just long enough to understand ,not just read what you are posting i strongly suspect my amusement might be curtailed in short order

could we maybe have a brexit thread where only remainers are allowed to post to avoid the danger of them realising the sky will not fall in after we leave the eu ?

anonymous-user

54 months

Friday 21st July 2017
quotequote all
wc98 said:
i wish you ,tb ,digga etc would stop pointing out the obvious to those getting their knickers in a twist about brexit. the amusement i get just from reading the replies on this thread is priceless and i was hoping it would continue for a while yet. if certain people allowed the panic to subside just long enough to understand ,not just read what you are posting i strongly suspect my amusement might be curtailed in short order

could we maybe have a brexit thread where only remainers are allowed to post to avoid the danger of them realising the sky will not fall in after we leave the eu ?
Don't be silly. Where would the balance be?

Sway

26,275 posts

194 months

Friday 21st July 2017
quotequote all
wc98 said:
Sway said:
It's hilarious.

Constant complaints that brexit will guarantee that any UK business that relies on EU exports will up sticks and move to the EU, yet compete blindness to the fact that this is also likely to operate in the opposite direction - EU businesses that rely on UK sales are just as likely to want to move here...

If ever there was an example of partisan blindness here it is.
i wish you ,tb ,digga etc would stop pointing out the obvious to those getting their knickers in a twist about brexit. the amusement i get just from reading the replies on this thread is priceless and i was hoping it would continue for a while yet. if certain people allowed the panic to subside just long enough to understand ,not just read what you are posting i strongly suspect my amusement might be curtailed in short order

could we maybe have a brexit thread where only remainers are allowed to post to avoid the danger of them realising the sky will not fall in after we leave the eu ?
My sincere apologies.

However, all is OK. I'm about to leave the office, and the better half will have my testes if I'm on my phone too much tonight...

Wayne E Edge

545 posts

151 months

Friday 21st July 2017
quotequote all
turbobloke said:
Wayne E Edge said:
I'm certainly not going to get behind something that in my opinion is a suicide mission.
Not wishing to pry but does that mean you're quitting the UK before or around the time of Brexit? Otherwise how will you not in reality 'be behind it' colletively speaking when others are calling the shots?
Very astute of you.

turbobloke

103,950 posts

260 months

Friday 21st July 2017
quotequote all
Wayne E Edge said:
turbobloke said:
Wayne E Edge said:
I'm certainly not going to get behind something that in my opinion is a suicide mission.
Not wishing to pry but does that mean you're quitting the UK before or around the time of Brexit? Otherwise how will you not in reality 'be behind it' colletively speaking when others are calling the shots?
Very astute of you.
Gee, thanks.

Wayne E Edge

545 posts

151 months

Friday 21st July 2017
quotequote all
DoubleTime said:
I realise your own move to France may well be hindered now that you have lost some of that personal wealth during this sacrifice to make the UK the pioneering nation that it, for most of our taught history, has always been and you blame the people who voted leave but you have to understand that for the most part, the vote wasn't about you personally and not in the slightest related to you considering moving to France.

Good luck with that by the way, you sound like you'll need it!
Thanks, I think! hehe

It will cost me but won't scupper my plans. Although admittedly my gripe does have some personal slants with the drop of the Euro, I still worry about the UK as I will still have business ties here. I would not want for the UK to fail. I have lived here for 54 years.

anonymous-user

54 months

Friday 21st July 2017
quotequote all
Wayne E Edge said:
Very astute of you.
Rest assured chief, when you do finally muster up the courage to move from the UK to France, you can entirely blame the fact that the French largely reject your presence based on the fact that Bexit init and NOT because you are British.

I've lived in the south for over a year. Go on. Move and complain.

Jesus. Prior to your arrival I think we were actually having a logical, coherent debate.....

sacre bleu

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