Brexit...GT cars....Don't Worry
Discussion
Porsche911R said:
GT4RS said:
This man talks sense ??
All that based upon import duty , that’s if we have any as it works both ways. So a no deal brexit does not automatically mean more duty.
So I very much doubt it as we are very big buyers of German cars and guess what , they want to sell them to us along with every thing else.
Porsche911R said:
All that based upon import duty , that’s if we have any as it works both ways.
So a no deal brexit does not automatically mean more duty.
So I very much doubt it as we are very big buyers of German cars and guess what , they want to sell them to us along with every thing else. All these EU countries need us to buy their products as we are a very wealthy country.
It’s not all based on import duty, please re read my post.So a no deal brexit does not automatically mean more duty.
So I very much doubt it as we are very big buyers of German cars and guess what , they want to sell them to us along with every thing else. All these EU countries need us to buy their products as we are a very wealthy country.
Edited by Porsche911R on Wednesday 16th January 21:01
A simplified view : if we crash out :
New Import duty (if we crash out we move to WTO terms - which means import duty from Europe) + the Pound further weakening, leads to higher prices.
Higher Prices leads to inflation, which negatively affects real disposable income which in turn, leads to reduced consumption.
Which leads to reduced profits / businesses becoming less viable - leading to stagnant / reducing / no wages - which reduces consumption even further.
All of which erodes both business and consumer confidence.
Which leads to less investment / growth overall.
Edited by RSVP911 on Wednesday 16th January 21:28
RSVP911 said:
Porsche911R said:
Who and why ?
If we crash out of Europe’s the £ will most likely fall further; this combined with increased import duty for goods from Europe will drive up prices on anything that is either fully imported, or where European components are used; both things are highly inflationary. As such, prices will rise faster than wages, leading to a decline in real disposable income.This reduces peoples ability to help drive economic growth by spending. Also peoples propensity to carry risk reduces & as they become more cautious they save more/pay down debt; both things further reduce growth, which further undermines industries confidence to invest and grow, which in turn further reduces growth .... it becomes a viscous cycle.
Business start to reduce costs to counter the reduction in growth to remain viable; wages stagnate, bonus’s aren’t paid & at worst, people become unemployed. Defaults rise, houses are re possessed, borrowing costs increase to counter growing default rate, this also reduces spending ....... the cycle continues.
Business is currently spending an awful lot of time & money preparing for a no deal scenario - this is not only expensive, but it is also a huge distraction and by taking up resource, is also in itself stifling growth.
So whilst I can’t give you a list of names of people who are going to be affected, hopefully this helps clarify my thinking.
Edited by RSVP911 on Wednesday 16th January 20:42
Porsche911R said:
All that based upon import duty , that’s if we have any as it works both ways.
So a no deal brexit does not automatically mean more duty.
So I very much doubt it as we are very big buyers of German cars and guess what , they want to sell them to us along with every thing else. All these EU countries need us to buy their products as we are a very wealthy country.
It’s not all based on import duty, please re read my post.So a no deal brexit does not automatically mean more duty.
So I very much doubt it as we are very big buyers of German cars and guess what , they want to sell them to us along with every thing else. All these EU countries need us to buy their products as we are a very wealthy country.
Edited by Porsche911R on Wednesday 16th January 21:01
A simplified view : if we crash out there is no trade deal and no transition period; we revert to WTO terms, which means we will pay import duty from Europe.
+ a further weakening of the Pound leads to higher prices.
Higher Prices leads to inflation, which negatively affects real disposable income which in turn, leads to reduced consumption.
Which leads to reduced profits / businesses becoming less viable - leading to stagnant / reducing / no wages - which reduces consumption even further.
All of which erodes both business and consumer confidence.
Which leads to less investment / growth overall.
ChrisW. said:
Given that we have no control, why worry ?
If I have to swop my Porsche for food the only loser will be Porsche. I will not shed a single tear.
It was good
I hear that, but it’s not the people who have Porsche’s to swap that I’m worried about. But you’re right, I can’t control it & in truth no one can, which is why we are in a bit of a pickle I guess. If I have to swop my Porsche for food the only loser will be Porsche. I will not shed a single tear.
It was good
Either way I’ll shut up and talk about contrast stitching instead , sorry
RSVP911 said:
+ a further weakening of the Pound leads to higher prices.
Higher Prices leads to inflation, which negatively affects real disposable income which in turn, leads to reduced consumption.
.
That’s just a guess and sound like you are pro EU .Higher Prices leads to inflation, which negatively affects real disposable income which in turn, leads to reduced consumption.
.
Other say the £ will rise once we know where we are. Thus things we import will be cheaper as the euro crashes and the end of the EU within 5 to 10 years as they run out of money when other countries leave when they see how well the UK is doing out of it.
Porsche911R said:
RSVP911 said:
+ a further weakening of the Pound leads to higher prices.
Higher Prices leads to inflation, which negatively affects real disposable income which in turn, leads to reduced consumption.
.
That’s just a guess and sound like you are pro EU .Higher Prices leads to inflation, which negatively affects real disposable income which in turn, leads to reduced consumption.
.
Other say the £ will rise once we know where we are. Thus things we import will be cheaper as the euro crashes and the end of the EU within 5 to 10 years as they run out of money when other countries leave when they see how well the UK is doing out of it.
You are right; of course I don’t know for sure what will happen to the £ if we crash out, but the general consensus view is that it will not get any stronger. But if we do go to WTO rules, then import duties will be applied and that will be inflationary - especially on all those 992’s, GT4’s & Spyders that are due after the end of March.
Eitherway - I’ve bored myself , so no more Brexit talk from me for a while
FTW said:
I want to hear more about these African Oil Dollars.......
There an amazing investment opportunity, all you need do Is find and African prince that some how your related to who has just past this world and has included you in his will to a sum of £1000000. All you need to do to collect your £1m is send them a mere £10k to cover the taxation and death duty and this needs to paid before the funds can be released.If your interested please pm me your email address and I'll get you started
Edited by Cunno on Wednesday 16th January 22:18
Slippydiff said:
RSVP911 said:
Eitherway - I’ve bored myself , so no more Brexit talk from me for a while
RSVP911 said:
viscous cycle
Let’s talk about these instead Rich. Are they some new innovation in two wheeled transport I should know about ? Taffy66 said:
If we crash out with no deal and revert to WTO tariffs we're immediately better off to the tune of 20 Billion per annum..We save the 10B net contribution and as we have a 100 Billion trade deficit with the Eurozone we gain another 10B annually in tariffs.
We still owe the 39 billion, no matter what the situation is.And given that UK businesses and UK citizens will pay the tariffs, we aren't gaining 10B there either.
Porkerjag said:
FTW said:
I want to hear more about these African Oil Dollars.......
You Gotta work in Nigeria etc. to get your hands on them little GreenbacksJuno said:
If Corbin gets in he might put 50% tariff on German cars 
When the inevitable happens. It was always going to happen i.e. a 2nd referendum if they dare put on the ballot paper "tell Junker, Macron et all to f off," I know where my money would be on the outcome. French, Germans enter into a conspiracy with May to keep us "in", tell us no other deal is possible yet today May talking to all the oppo leaders today about an alternative deal? May, Rudd, Hunt etc please just leave and go and try getting proper jobs like the rest of us. Oh Rudd can't her nick name in the City was Amber Dudd. I wonder why?!Dammit said:
We still owe the 39 billion, no matter what the situation is.
Actually we don't, not all 39, merely part of it but it's getting a bit brexity here and perhaps we should leave it to something a bit more motoring related.....makes a change from a red manual 991.2 gt3 with 'high spec' being the best thing since sliced bread though 
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