The economic consequences of Brexit (Vol 2)

[dromong]

PurpleMoonlight said:

He makes gereralisations.

That's a tongue twister, Possibly the reason it's not in the Oxford English Dictionary ?.

Have you been on the.......

[anonymous-user]

More talking down UK businesses.

http://www.dailymail.co.uk/news/article-5114013/Li...

Hopefully with all these great trade deals we will be getting? We will be able to show the rest of the world how good we are at importing and supply the whole world with our export goods.

[Tryke3]

Ghibli said:

More talking down UK businesses.

http://www.dailymail.co.uk/news/article-5114013/Li...

Hopefully with all these great trade deals we will be getting? We will be able to show the rest of the world how good we are at importing and supply the whole world with our export goods.

Fox is a complete idiot who has lived a priviledge life and whos business have had automatic corrupt goverment contracts, he has never had to produce anything which he had to differentiate in a competitive market. Truth is, guy has always had a privileged life and not once has he known struggles of a real business.

Moron

I bet credit came to him as easy as making a phone call
I bet when he was struggling with cash, banks didnt give him 24hours to pay his ovedrafts or take everything away from him.

Anyway, bet 90% of people here think a business is being self employed paid cash in hand, just saying

Anyway, rant over for now

Sidekicks, your way of ignoring facts really rubs me the wrong way, you deserve all the crap you get

[anonymous-user]

Tryke3 said:

Fox is a complete idiot who has lived a priviledge life and whos business have had automatic corrupt goverment contracts, he has never had to produce anything which he had to differentiate in a competitive market. Truth is, guy has always had a privileged life and not once has he known struggles of a real business.

Moron

I bet credit came to him as easy as making a phone call
I bet when he was struggling with cash, banks didnt give him 24hours to pay his ovedrafts or take everything away from him.

Anyway, bet 90% of people here think a business is being self employed paid cash in hand, just saying

Anyway, rant over for now

Sidekicks, your way of ignoring facts really rubs me the wrong way, you deserve all the crap you get

I'm guessing he has just realised that trade agreements involve selling and buying. If you don't have enough to sell you are left with buying an awful lot from the rest of the world. That's assuming he wants a good deal.

[sidicks]

Tryke3 said:

Fox is a complete idiot who has lived a priviledge life and whos business have had automatic corrupt goverment contracts, he has never had to produce anything which he had to differentiate in a competitive market. Truth is, guy has always had a privileged life and not once has he known struggles of a real business.

Moron

I bet credit came to him as easy as making a phone call
I bet when he was struggling with cash, banks didnt give him 24hours to pay his ovedrafts or take everything away from him.

Anyway, bet 90% of people here think a business is being self employed paid cash in hand, just saying

Anyway, rant over for now

Sidekicks, your way of ignoring facts really rubs me the wrong way, you deserve all the crap you get

Feel free to reference the ‘facts’ that I’ve ignored. What I have ignored is your ignorant generalisations and nonsense.

At least you recognise your post above was a rant, rather than anything based on ‘facts’ or logic.

Edited by sidicks on Friday 24th November 17:11

[///ajd]

Ghibli said:

More talking down UK businesses.

http://www.dailymail.co.uk/news/article-5114013/Li...

Hopefully with all these great trade deals we will be getting? We will be able to show the rest of the world how good we are at importing and supply the whole world with our export goods.

What a disgrace.

Another brexiteer trying to get sacked? Are they really this incompetent?

[ClaphamGT3]

An interesting perspective from Frontier Economics - well worth a read;

http://www.frontier-economics.com/publication/thro...

[anonymous-user]

http://www.bbc.co.uk/news/uk-politics-42121442

Am I reading that right? At the moment there is a max volume - a quota - of say avocados imported into the EU from the US.

Going forward the EU and the UK want to agree to split that number on a consumption basis.

So the market for US exports of avocados to the UK and rEU combined will stay the same as it is now.

And we won’t be able to increase our volume of US avocado imports.

How does our end result from all that amount to free trade with the RotW?

[s2art]

Greg66 said:

http://www.bbc.co.uk/news/uk-politics-42121442

Am I reading that right? At the moment there is a max volume - a quota - of say avocados imported into the EU from the US.

Going forward the EU and the UK want to agree to split that number on a consumption basis.

So the market for US exports of avocados to the UK and rEU combined will stay the same as it is now.

And we won’t be able to increase our volume of US avocado imports.

How does our end result from all that amount to free trade with the RotW?

If we want to put zero tariffs on stuff we dont grow here then we can (post Brexit). We can import as many avocados as we want from the USA, its just a question of what tariff applies.

[///ajd]

Greg66 said:

http://www.bbc.co.uk/news/uk-politics-42121442

Am I reading that right? At the moment there is a max volume - a quota - of say avocados imported into the EU from the US.

Going forward the EU and the UK want to agree to split that number on a consumption basis.

So the market for US exports of avocados to the UK and rEU combined will stay the same as it is now.

And we won’t be able to increase our volume of US avocado imports.

How does our end result from all that amount to free trade with the RotW?

It’s even worse - this EU quota stitch up is what foxy and Davis want - funny how they haven’t broadcast its implications to the faithful. No doubt they think it is sufficiently complicated to be beyond the bus lovers who can’t get past the money coming and going.

The worse bit is that row won’t even allow it, putting even this tiny bit of trade stability in doubt.

I’m surprised Brexit is still going. Is there any level upon which it isn’t a shambles?

Our growth is nose diving compared to our EU contemporaries we should be climbing alongside and even faster than,as we were growing faster Pre ref.

Empirical evidence our EU membership is better economically for us than this path.

[Digga]

Tryke3 said:

Murph7355 said:

This is a very good question.

How much money have our councils been spunking on bidding for these vanity parades, versus how often they've actually won them and how much benefit the few winners have actually reaped....

The anger should not be being directed at the EU for withdrawing another of their toys. It should be why we got suckered into this parade in the first place.

Is it a vanity project, really ? This is what i mean about brexiteers, thick as a spud

Certainly hosting the Eurovision is always viewed as a poisoned chalice; no one ever makes money or derives benefit from it. I'm guessing that, aside from grant money that washes in, the culture city gig is similar?

[Robertj21a]

///ajd said:

It’s even worse - this EU quota stitch up is what foxy and Davis want - funny how they haven’t broadcast its implications to the faithful. No doubt they think it is sufficiently complicated to be beyond the bus lovers who can’t get past the money coming and going.

The worse bit is that row won’t even allow it, putting even this tiny bit of trade stability in doubt.

I’m surprised Brexit is still going. Is there any level upon which it isn’t a shambles?

Our growth is nose diving compared to our EU contemporaries we should be climbing alongside and even faster than,as we were growing faster Pre ref.

Empirical evidence our EU membership is better economically for us than this path.

A bit early for you to be on the strong juice already this morning.
Have you ever accepted that some people have no wish to be in the EU ?

[anonymous-user]

s2art said:

If we want to put zero tariffs on stuff we dont grow here then we can (post Brexit). We can import as many avocados as we want from the USA, its just a question of what tariff applies.

Is that right? WTO rules (which is what we will be under with the US at least for a period of time) allow us to put zero tariffs on things if we feel like it? That doesn't sound much like a "rule", more like a free for all. Why aren't they called "WTO free for alls"?

Edited by anonymous-user on Saturday 25th November 10:56

[s2art]

Greg66 said:

s2art said:

If we want to put zero tariffs on stuff we dont grow here then we can (post Brexit). We can import as many avocados as we want from the USA, its just a question of what tariff applies.

Is that right? WTO rules (which is what we will be under with the US at least for a period of time) allow us to put zero tariffs on things?

WTO just set maximum tariffs not minimums.Even that may not be necessary if we rapidly conclude an FTA with the USA.

[king arthur]

Greg66 said:

Is that right? WTO rules (which is what we will be under with the US at least for a period of time) allow us to put zero tariffs on things if we feel like it? That doesn't sound much like a "rule", more like a free for all. Why aren't they called "WTO free for alls"?

Edited by Greg66 on Saturday 25th November 10:56

Did you think the WTO demands that every member must impose some tariff on everything?

[Tuna]

Greg66 said:

s2art said:

If we want to put zero tariffs on stuff we dont grow here then we can (post Brexit). We can import as many avocados as we want from the USA, its just a question of what tariff applies.

Is that right? WTO rules (which is what we will be under with the US at least for a period of time) allow us to put zero tariffs on things if we feel like it? That doesn't sound much like a "rule", more like a free for all. Why aren't they called "WTO free for alls"?

Edited by Greg66 on Saturday 25th November 10:56

It seems hard to grasp, but tariffs hurt the country that applies them, not the country selling into that area. Low and zero tariffs can be a very good thing, and the WTO allows for that.

What it prevents is punitive tariffs (a country cannot effectively close itself off for particular goods by applying high rates), and preferential tariffs - you cannot apply a different tariff to goods from a 'favoured nation'.

We as a nation would benefit hugely if we reduced tariffs from the EU mandated levels to low or zero rates. On food it would potentially reduce our weekly shopping by a staggering 20%.

The issue of protectionism rears its head of course - what do we do about the flood of cheap food putting our farmers out of business? Well, in the case of oranges, coffee, chocolate, peppers and many non-seasonal goods, our farmers don't care - we don't grow that stuff, so why bother applying a huge tariff that is designed to protect the olive growers of Spain? In the case of wheat and milk we have to take a more nuanced view, but in reality our farms are quite efficient in these areas. We should also consider applying subsidies in specific areas - to improve competitiveness - rather than tariffs, which hurt millions of consumers and encourage businesses to continue running uncompetitive practises.

On the whole, tariffs are the most blunt of blunt instruments - which is why the WTO seeks to limit them rather than encourage them.

[PurpleMoonlight]

Tuna said:

On the whole, tariffs are the most blunt of blunt instruments - which is why the WTO seeks to limit them rather than encourage them.

But still a way a Government can generate revenue.

I can't help but think the UK will grab the opportunity with both greedy hands.

[///ajd]

It is still surprising to see how some brexiteers don’t seem to realise that tariffs are a barrier to incoming exports, applied deliberately to protect domestic interests.

Hence when we face barriers externally, it affects exports.

Do these brexiteers realise that our exporters need tariff free trade into foriegn countries and notably the EU?

[sidicks]

///ajd said:

It is still surprising to see how some brexiteers don’t seem to realise that tariffs are a barrier to incoming exports, applied deliberately to protect domestic interests.

Hence when we face barriers externally, it affects exports.

Do these brexiteers realise that our exporters need tariff free trade into foriegn countries and notably the EU?

Likewise, what does that mean that EU exporters require to trade with the UK?

[Dr Jekyll]

///ajd said:

It is still surprising to see how some brexiteers don’t seem to realise that tariffs are a barrier to incoming exports, applied deliberately to protect domestic interests.

Hence when we face barriers externally, it affects exports.

Do these brexiteers realise that our exporters need tariff free trade into foriegn countries and notably the EU?

First of all the ONLY way to get tariff free trade into the ROW which already accounts for most of our trade and is growing faster than the EU is to leave the EU. Which is the entire point of the whole debate.

Secondly the point of trade is to import, if other countries tax their own people that's primarily their problem.