The economic consequences of Brexit (Vol 2)
Discussion
It was a reference to Tuna saying “tariffs only hurt the country they are imposed in, not the country selling into it”
Which as I think you are saying Sid is not the case.
Sure it hurts both sides, hurts the UK much more than the EU. Plus we hurt harder and faster and the beneficiaries of our loss are ........drum roll........the EU in the long term.
Seeing it yet? The EU certainly have and are playing a blinder for their own interests. Which is what you voted for after all. You voted to make the EU act in the interests of only the 27, but you failed to see or dismissed the risk this brought to the UK.
Which as I think you are saying Sid is not the case.
Sure it hurts both sides, hurts the UK much more than the EU. Plus we hurt harder and faster and the beneficiaries of our loss are ........drum roll........the EU in the long term.
Seeing it yet? The EU certainly have and are playing a blinder for their own interests. Which is what you voted for after all. You voted to make the EU act in the interests of only the 27, but you failed to see or dismissed the risk this brought to the UK.
///ajd said:
It was a reference to Tuna saying “tariffs only hurt the country they are imposed in, not the country selling into it”
Which as I think you are saying Sid is not the case.
Sure it hurts both sides, hurts the UK much more than the EU. Plus we hurt harder and faster and the beneficiaries of our loss are ........drum roll........the EU in the long term.
Seeing it yet? The EU certainly have and are playing a blinder for their own interests. Which is what you voted for after all. You voted to make the EU act in the interests of only the 27, but you failed to see or dismissed the risk this brought to the UK.
How much do we export to them? How much do they export to us?Which as I think you are saying Sid is not the case.
Sure it hurts both sides, hurts the UK much more than the EU. Plus we hurt harder and faster and the beneficiaries of our loss are ........drum roll........the EU in the long term.
Seeing it yet? The EU certainly have and are playing a blinder for their own interests. Which is what you voted for after all. You voted to make the EU act in the interests of only the 27, but you failed to see or dismissed the risk this brought to the UK.
///ajd said:
Seeing it yet? The EU certainly have and are playing a blinder for their own interests. Which is what you voted for after all. You voted to make the EU act in the interests of only the 27, but you failed to see or dismissed the risk this brought to the UK.
So you think the EU acted in the interests of the UK before?Dr Jekyll said:
///ajd said:
Seeing it yet? The EU certainly have and are playing a blinder for their own interests. Which is what you voted for after all. You voted to make the EU act in the interests of only the 27, but you failed to see or dismissed the risk this brought to the UK.
So you think the EU acted in the interests of the UK before?They aren’t now. Some seem surprised by this.
Once the UK starts imposing tariffs on the 71 billion pounds worth of goods and services a year that the EU sells into the UK above what the UK sells into the EU, they are going to find exporting their goods and services into the UK much more expensive, combined with loss of cash being put into the EU`s coffers every year by the UK it seems the EU is going to find funding their failed wet dream even more difficult. Interesting times lay ahead.
///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?
Ah, so you want your cake and eat it - tariffs on inbound to protect our industries, but no tariffs outbound so we can out compete their 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 said:
///ajd said:
It was a reference to Tuna saying “tariffs only hurt the country they are imposed in, not the country selling into it”
Which as I think you are saying Sid is not the case.
Sure it hurts both sides, hurts the UK much more than the EU. Plus we hurt harder and faster and the beneficiaries of our loss are ........drum roll........the EU in the long term.
Seeing it yet? The EU certainly have and are playing a blinder for their own interests. Which is what you voted for after all. You voted to make the EU act in the interests of only the 27, but you failed to see or dismissed the risk this brought to the UK.
How much do we export to them? How much do they export to us?Which as I think you are saying Sid is not the case.
Sure it hurts both sides, hurts the UK much more than the EU. Plus we hurt harder and faster and the beneficiaries of our loss are ........drum roll........the EU in the long term.
Seeing it yet? The EU certainly have and are playing a blinder for their own interests. Which is what you voted for after all. You voted to make the EU act in the interests of only the 27, but you failed to see or dismissed the risk this brought to the UK.
///ajd said:
They acted in interests of all 28, inc UK. There were compromises but we got our concessions, no Schengen, FS protected, our Single Market and CU.
They aren’t now. Some seem surprised by this.
The acted in the interests of the commission first of all and France and Germany second. The UK was simply a cash cow. They aren’t now. Some seem surprised by this.
sidicks said:
sidicks said:
///ajd said:
It was a reference to Tuna saying “tariffs only hurt the country they are imposed in, not the country selling into it”
Which as I think you are saying Sid is not the case.
Sure it hurts both sides, hurts the UK much more than the EU. Plus we hurt harder and faster and the beneficiaries of our loss are ........drum roll........the EU in the long term.
Seeing it yet? The EU certainly have and are playing a blinder for their own interests. Which is what you voted for after all. You voted to make the EU act in the interests of only the 27, but you failed to see or dismissed the risk this brought to the UK.
How much do we export to them? How much do they export to us?Which as I think you are saying Sid is not the case.
Sure it hurts both sides, hurts the UK much more than the EU. Plus we hurt harder and faster and the beneficiaries of our loss are ........drum roll........the EU in the long term.
Seeing it yet? The EU certainly have and are playing a blinder for their own interests. Which is what you voted for after all. You voted to make the EU act in the interests of only the 27, but you failed to see or dismissed the risk this brought to the UK.
Exports to the UK from the EU are dropping, just as ours are to the EU, due to growing external markets. So it’s not as if Europe are shrinking as swivel eyed loons would have some believe. Their GDP is growing faster than us now, since Brexit remember.
Our exports to the EU are 44%
So it’s 44% of our exports
Versus 16% of theirs.
Who has the bigger stake in getting a deal?
Take your time.
Edited by ///ajd on Saturday 25th November 13:18
///ajd said:
Total EU export trade is 1.8Bn. About 300m to UK, or 16%
Exports to the UK from the EU are dropping, just as ours are to the EU, due to growing external markets. So it’s not as if Europe are shrinking as swivel eyed loons would have some believe. Their GDP is growing faster than us now, since Brexit remember.
Our exports to the EU are 44%
So it’s 44% of our exports
Versus 16% of theirs.
Who has the bigger stake in getting a deal?
Take your time.
I think you have your trillions and billions mixed up.Exports to the UK from the EU are dropping, just as ours are to the EU, due to growing external markets. So it’s not as if Europe are shrinking as swivel eyed loons would have some believe. Their GDP is growing faster than us now, since Brexit remember.
Our exports to the EU are 44%
So it’s 44% of our exports
Versus 16% of theirs.
Who has the bigger stake in getting a deal?
Take your time.
///ajd said:
Total EU export trade is 1.8Bn. About 300m to UK, or 16%
Exports to the UK from the EU are dropping, just as ours are to the EU, due to growing external markets.
So why would we constrain our ability to trade with non-EU countries on the terms we need?Exports to the UK from the EU are dropping, just as ours are to the EU, due to growing external markets.
You previously claimed:
///adj said:
Do these brexiteers realise that our exporters need tariff free trade into foreign countries and notably the EU?
What is currently stopping us negotiating 'tariff free trade into non-EU countries"?PurpleMoonlight said:
I think you have your trillions and billions mixed up.
Yes, apols, changed now.Still as % or £, it rather puts Sids implied point in context.
I think he was hoping we would just look at the amount imported from the EU to the UK, but as this gives no indication of the relative pain to each side it is rather meaningless.
We’ll be told now he didn’t mean that or say that etc.
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