• Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
  • Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!

£135 Billion!!!

Collapse
X
  •  
  • Filter
  • Time
  • Show
Clear All
new posts

    £135 Billion!!!

    Hard Brexit Gains UK Economy GBP135 Billion - More Than Any Other Arrangement

    The reason we trade in the first place is to gain access to the goods made by foreigners. It is not exports, it is imports, which matter. Access to those things which foreigners make better than us makes us richer. Exports are only what we do to pay for them. The European Union currently demands that we not avail ourselves of the pleasures of many imports from around the world without taxing ourselves for so enjoying them. Being out of the EU enables us to do so, it makes us richer. And of course we can also refuse to tax ourselves for enjoying those things made in the EU as well.
    “The period of the disintegration of the European Union has begun. And the first vessel to have departed is Britain”

    #2
    So let me get this straight. All we need to do is simply set all our tariffs at zero and remove all non-tariff barriers too, and we can buy what we like from anywhere. When we do that, for sure all the other countries will be queueing to give us a Free Trade Agreement. (or not).

    Obviously, it gives us no control over what other countries rules are when importing from us. If we aren't selling anything, then we aren't going to be able to afford to buy anything either.
    Taking a break from contracting

    Comment


      #3
      well yeah - we no longer have the EU trade deals but we also no longer have the EU trade restrictions.

      I think however that the government may miss some of the revenue from import tax possibly?

      Comment


        #4
        Oh the simpletons

        Comment


          #5
          Originally posted by original PM View Post
          well yeah - we no longer have the EU trade deals but we also no longer have the EU trade restrictions.
          Which EU trade restrictions?
          Taking a break from contracting

          Comment


            #6
            Originally posted by chopper View Post
            Obviously, it gives us no control over what other countries rules are when importing from us.
            Yes. Don't you just hate the old "cut your nose off to spoil your face" gambit?

            Fortunately, when we remove the idealogical restrictions imposed by a superfluous bureaucratic layer of greedy middlemen, the path of trade become much more unencumbered.
            Generally to the benefit of the majority of people across the globe that just want to buy and sell goods.

            “The period of the disintegration of the European Union has begun. And the first vessel to have departed is Britain”

            Comment


              #7
              Quick scan. Find 'Patrick Minford'. Laugh at Spud-Basher General. Get on with day.

              Comment


                #8
                The Minford approach. It misses the bit where even Minford himself says that this would devastate manufacturing and farming in this country irreparably.

                Comment


                  #9
                  Originally posted by shaunbhoy View Post
                  Fortunately, when we remove the idealogical restrictions imposed by a superfluous bureaucratic layer of greedy middlemen, the path of trade become much more unencumbered.
                  Which restrictions?

                  Or is the idea that we close all our factories down and import everything? (Not that we'd be able to import anything, because we'd have no money). No need to worry about whether the thing we import meets our standard, e.g. in food control (knowing that the beef you just bought from America didn't originate from a Mad Cow Disease infested herd in Argentina), or that the cars you import meet our safety standards (maybe the Canyonero could launch here?), or that the children's toys you import from China aren't tainted with arsenic and lead paint?

                  Should British manufactured goods need to meet British standards, but imports don't...?

                  Or is there some other trade restriction you mean? The whole world is queuing up to sell us stuff, they're not necessarily queueing up to buy our stuff, especially if we have no controls on what we import, which means we cannot vouch for what we export. (Rules of Origin and all that).

                  I thought Brexit was about controlling our borders, not devastating whatever is left of our industry.
                  Taking a break from contracting

                  Comment


                    #10
                    Worstall is a supporter of the UK Independence Party (UKIP), stood as a candidate for London in the European Parliament election, 2009, and acted as the party's press officer.
                    Brexit is having a wee in the middle of the room at a house party because nobody is talking to you, and then complaining about the smell.

                    Comment

                    Working...
                    X