The economic consequences of Brexit (Vol 2)

The economic consequences of Brexit (Vol 2)

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alfie2244

11,292 posts

188 months

Thursday 22nd December 2016
quotequote all
don'tbesilly said:
B'stard Child said:
don'tbesilly said:
///ajd said:
B'stard Child said:
No idea what they were told but but reason to leave Number 14 fits right in here "Fishing - it's crazy to throw dead fish back into the sea because it's not the right fish…."
How do you think the fishermen in Bridlington will feel about tariffs and barriers if they affect their exports? Should their industry get a say?
They voted to Leave the EU despite what their industry told them prior to the referendum, why do you think the fishermen did that?
Done that 8 posts up at time of reply - please keep up silly........


Have an early Xmas present, you're beginning to warm to these wink:

https://www.theguardian.com/politics/2016/sep/07/b...
biggrinbiggrin

B'stard Child

28,414 posts

246 months

Thursday 22nd December 2016
quotequote all
don'tbesilly said:


Have an early Xmas present, you're beginning to warm to these wink:
I'll never be proper upset with my cats but find the bed wet didn't help me warm to her - pretty similar expression too!!!

don'tbesilly said:
Can I click it? - I think that I can trust you no to be setting a trap - is it something that slasher would find comforting?

powerstroke

10,283 posts

160 months

Thursday 22nd December 2016
quotequote all
///ajd said:
They were promised no impact on our single market conditions, tariff/barrier free access etc. Germans won't want tariffs etc. Anyone who warned about tariffs was roundly mocked.

Maybe we will get a reasonable tariff / barrier free trade deal with the EU - lets hope so as we certainly need one.

https://www.google.co.uk/amp/www.bbc.co.uk/news/am...



Edited by ///ajd on Thursday 22 December 21:12
You know guys I think he is walming to Brexit !!! bless him And his love of fishing hehe

nute

692 posts

107 months

Thursday 22nd December 2016
quotequote all
Nice little pissing match going on here.

A lot of people voted in or out based on either very little, or flawed knowledge.

My wife is the FD of a UK company which manufacture consumer electronics. Almost all of the components they buy are priced in USD to the tune of about $80 million pa. Not expecting an out vote she was rather shell shocked the next day at work. The result was the main topic of discussion in the office and when she mentioned that it was going to be a nightmare for the company several who freely admitted to voting out were completely confused as to why.

She explained that input costs had just shot up and end sale costs are pretty much fixed so the difference has to come from somewhere, i.e. staff. She said it was like watching little light bulbs come on above their heads followed by "oh, i never thought of that".

The UK is a net importer of many many things including some pretty basic essentials such as food and power. We run a huge trade deficit therefore like it or not prices are going up, inflation is going up and we face an extended period of uncertainty over our trading position. Investors don't like uncertainty and neither does big business.

Whatever happens isn't going to affect me much as I'm fairly secure financially but I can't help thinking that 10 years down the road the younger generation are gong to curse those who voted us out.

B'stard Child

28,414 posts

246 months

Thursday 22nd December 2016
quotequote all
powerstroke said:
///ajd said:
They were promised no impact on our single market conditions, tariff/barrier free access etc. Germans won't want tariffs etc. Anyone who warned about tariffs was roundly mocked.

Maybe we will get a reasonable tariff / barrier free trade deal with the EU - lets hope so as we certainly need one.

https://www.google.co.uk/amp/www.bbc.co.uk/news/am...



Edited by ///ajd on Thursday 22 December 21:12
You know guys I think he is walming to Brexit !!! bless him And his love of fishing hehe
And the poor - don't forget his love of the poor hehe

B'stard Child

28,414 posts

246 months

Thursday 22nd December 2016
quotequote all
nute said:
Nice little pissing match going on here. <snip>
Hopefully she won't do it again.........

SKP555

1,114 posts

126 months

Thursday 22nd December 2016
quotequote all
sidicks said:
walm said:
No - there is 639 in the sample size - that's what matters.

How those 639 were selected (self or otherwise) only matters if the method of selection somehow has an influence on their ability to answer the survey objectively.

Unless you can prove that economists too busy to fill in the survey are some how better qualified/less biased/more reliable somehow than those who chose to fill it in.

It's not a small sample size - it's absolutely massive.
For example, in my line of work we rely heavily on the YouGov surveys for all sorts of consumer surveys.
They have around N=2,000.
rofl
Careful here. It might be an Expert!

///ajd

8,964 posts

206 months

Thursday 22nd December 2016
quotequote all
nute said:
Nice little pissing match going on here.

A lot of people voted in or out based on either very little, or flawed knowledge.

My wife is the FD of a UK company which manufacture consumer electronics. Almost all of the components they buy are priced in USD to the tune of about $80 million pa. Not expecting an out vote she was rather shell shocked the next day at work. The result was the main topic of discussion in the office and when she mentioned that it was going to be a nightmare for the company several who freely admitted to voting out were completely confused as to why.

She explained that input costs had just shot up and end sale costs are pretty much fixed so the difference has to come from somewhere, i.e. staff. She said it was like watching little light bulbs come on above their heads followed by "oh, i never thought of that".

The UK is a net importer of many many things including some pretty basic essentials such as food and power. We run a huge trade deficit therefore like it or not prices are going up, inflation is going up and we face an extended period of uncertainty over our trading position. Investors don't like uncertainty and neither does big business.

Whatever happens isn't going to affect me much as I'm fairly secure financially but I can't help thinking that 10 years down the road the younger generation are gong to curse those who voted us out.
Some lightbulbs here are yet to light up. I suspect some of them never will.



powerstroke

10,283 posts

160 months

Thursday 22nd December 2016
quotequote all
nute said:
Nice little pissing match going on here.

A lot of people voted in or out based on either very little, or flawed knowledge.

My wife is the FD of a UK company which manufacture consumer electronics. Almost all of the components they buy are priced in USD to the tune of about $80 million pa. Not expecting an out vote she was rather shell shocked the next day at work. The result was the main topic of discussion in the office and when she mentioned that it was going to be a nightmare for the company several who freely admitted to voting out were completely confused as to why.

She explained that input costs had just shot up and end sale costs are pretty much fixed so the difference has to come from somewhere, i.e. staff. She said it was like watching little light bulbs come on above their heads followed by "oh, i never thought of that".

The UK is a net importer of many many things including some pretty basic essentials such as food and power. We run a huge trade deficit therefore like it or not prices are going up, inflation is going up and we face an extended period of uncertainty over our trading position. Investors don't like uncertainty and neither does big business.

Whatever happens isn't going to affect me much as I'm fairly secure financially but I can't help thinking that 10 years down the road the younger generation are gong to curse those who voted us out.
We that voted out are the younger generation that had to live with a 40year old mistake
They won't be cursing us we will be held in high regard for taking a brave and positive path to a prosperous future , with trade links across the world .... christ how many times ??? we are leaving a failing political project not some fecking utopia ....

s2art

18,937 posts

253 months

Thursday 22nd December 2016
quotequote all
nute said:
She explained that input costs had just shot up and end sale costs are pretty much fixed so the difference has to come from somewhere, i.e. staff.

Why is that? Doesnt the same apply to any UK competitor? And it cancels out for non-UK sales. As far as non-UK competition her company should gain an advantage.

Jockman

17,917 posts

160 months

Thursday 22nd December 2016
quotequote all
A Financial Director purchasing $80m of products so maybe $400m turnover. No contingency plans for a leave vote. Seriously?

B'stard Child

28,414 posts

246 months

Thursday 22nd December 2016
quotequote all
s2art said:
nute said:
She explained that input costs had just shot up and end sale costs are pretty much fixed so the difference has to come from somewhere, i.e. staff.

Why is that? Doesnt the same apply to any UK competitor? And it cancels out for non-UK sales. As far as non-UK competition her company should gain an advantage.
There are circumstances where it doesn't happen..... When the good produced are at cost and the Parent company gets the benefit of the "profit"

wc98

10,401 posts

140 months

Thursday 22nd December 2016
quotequote all
///ajd said:
Hard brexit would devastate Bridlington and its booming shellfish industry too.

And yet we are confidently told that is what they "all" voted for.

I'm not so sure a hard brexit that would cripple their seafood exports is what they were promised by Farage as he sailed up the Thames. No wonder he did a runner.
yes, the thousands of people that work in the spanish fish markets and processing industry will be really happy at losing their jobs if uk exports suddenly stop arriving. you lambast people for talking about subjects they know nothing about, yet seem keen on doing the same yourself .

the regional politicians that hold all the real power in spain will make damn sure that nothing negative happens to the trade in sea food products.

Jockman

17,917 posts

160 months

Thursday 22nd December 2016
quotequote all
B'stard Child said:
s2art said:
nute said:
She explained that input costs had just shot up and end sale costs are pretty much fixed so the difference has to come from somewhere, i.e. staff.

Why is that? Doesnt the same apply to any UK competitor? And it cancels out for non-UK sales. As far as non-UK competition her company should gain an advantage.
There are circumstances where it doesn't happen..... When the good produced are at cost and the Parent company gets the benefit of the "profit"
Modify the profit centre?

wc98

10,401 posts

140 months

Thursday 22nd December 2016
quotequote all
///ajd said:
Do you think that is what they expect to happen?

Stock management won't change, it will continue or we'll decimate the stocks. This is not an EU straight banana bullst story, its a practical marine biology issue.

How do you think the fishermen in Bridlington will feel about tariffs and barriers if they affect their exports? Should their industry get a say?
do not call anything the common fisheries policy ,or those involved with it, including the relevant uk bodies has done or does ,stock management, ever fking again, ever. if i ever end up in jail it will be down to snapping after talking to one of my commercial skipper mates and him telling me he has just dumped another 400 boxes of plaice/haddock/cod/etc due to no quota. (whoever top fisheries bod in the uk is at the time will be on the end of the snapping).

it is fking insanity what fisheries managers have done over the last forty years. anyone, and i mean anyone that supports it needs battering about the face with a frozen cod repeatedly. you have been told this before, yet you continue to talk the same ste over,and over and over again. you are like a broken,whinging, bed wetting old fking woman.

out of the common fisheries policy the uk fleet could double landings of all whitefish species overnight, and thus double exports, without catching one single extra fish over and above what they catch at the moment. please get that through your thick skull .

s2art

18,937 posts

253 months

Thursday 22nd December 2016
quotequote all
B'stard Child said:
s2art said:
nute said:
She explained that input costs had just shot up and end sale costs are pretty much fixed so the difference has to come from somewhere, i.e. staff.

Why is that? Doesnt the same apply to any UK competitor? And it cancels out for non-UK sales. As far as non-UK competition her company should gain an advantage.
There are circumstances where it doesn't happen..... When the good produced are at cost and the Parent company gets the benefit of the "profit"
If the parent company is a UK company, yes. But thats easily fixable. If its not a UK company then she should gain advantage as other costs are reduced by the relative drop in sterling.

B'stard Child

28,414 posts

246 months

Thursday 22nd December 2016
quotequote all
Jockman said:
B'stard Child said:
s2art said:
nute said:
She explained that input costs had just shot up and end sale costs are pretty much fixed so the difference has to come from somewhere, i.e. staff.

Why is that? Doesnt the same apply to any UK competitor? And it cancels out for non-UK sales. As far as non-UK competition her company should gain an advantage.
There are circumstances where it doesn't happen..... When the good produced are at cost and the Parent company gets the benefit of the "profit"
Modify the profit centre?
That would be nice........... but not gonna happen

What you do get is a "slight" acceptance that the game has changed and that a manufacturing loss is a selling profit and the hope is then that the issue is resolved reasonably quickly......

And then we get into the whole "starbucks" fair market value and transfer price issues

Then you realise that it's another area where globalisation has been a gradual erosion of local profit centres based on manufacturing and sales being under the same tax regime

Then you look at "toll manufacturing processes" (allied to the swiss principle model) and you realise just how far companies have taken advantage of the "rules"

And then sidicks comes along and tells you that nothing wrong with any of those processes and it's not tax evasion in any shape or form and I get bored with the discussion because nope it's not illegal but it is a consequence of the big companies limiting their tax liabilities.

B'stard Child

28,414 posts

246 months

Friday 23rd December 2016
quotequote all
wc98 said:
///ajd said:
Do you think that is what they expect to happen?

Stock management won't change, it will continue or we'll decimate the stocks. This is not an EU straight banana bullst story, its a practical marine biology issue.

How do you think the fishermen in Bridlington will feel about tariffs and barriers if they affect their exports? Should their industry get a say?
do not call anything the common fisheries policy ,or those involved with it, including the relevant uk bodies has done or does ,stock management, ever fking again, ever. if i ever end up in jail it will be down to snapping after talking to one of my commercial skipper mates and him telling me he has just dumped another 400 boxes of plaice/haddock/cod/etc due to no quota. (whoever top fisheries bod in the uk is at the time will be on the end of the snapping).

it is fking insanity what fisheries managers have done over the last forty years. anyone, and i mean anyone that supports it needs battering about the face with a frozen cod repeatedly. you have been told this before, yet you continue to talk the same ste over,and over and over again. you are like a broken,whinging, bed wetting old fking woman.
clap

wc98 said:
out of the common fisheries policy the uk fleet could double landings of all whitefish species overnight, and thus double exports, without catching one single extra fish over and above what they catch at the moment.
clapclap

wc98 said:
please get that through your thick skull .
Not a fking chance in hell - never gonna happen and you know it - I know it - probably many other NP&E users know it.



Ridgemont

6,575 posts

131 months

Friday 23rd December 2016
quotequote all
Finally a contribution from a remainer (Marr) that grasps the point of Brexit. Several hundred pages of this thread has largely been to fight an argument that has already been decided. Looking forwards instead of backwards is a vastly more productive exercise:

http://www.newstatesman.com/politics/uk/2016/12/op...

B'stard Child

28,414 posts

246 months

Friday 23rd December 2016
quotequote all
Ridgemont said:
Finally a contribution from a remainer (Marr) that grasps the point of Brexit. Several hundred pages of this thread has largely been to fight an argument that has already been decided. Looking forwards instead of backwards is a vastly more productive exercise:

http://www.newstatesman.com/politics/uk/2016/12/op...
Well that's taken him a while...........

Pretty much hit the spot for me in nearly every section

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