Global Britain

[AtW]

UK OEMs?

[rambaugh]

What we're seeing here is how the GDP gets hit because of Brexit. UK retailers effectively can't sell goods to the EU. Sure, the manufacturers can export to distributors in the EU, but this means the 40% retail margins go to EU retailers and the EU countries get the 20% VAT. That means a smaller retail sector and less tax.

The retail margin depend on the product being sold. Some products only have a 2-5% retail margin.

The benefit of not being a part of the EU including less cost for OEM's and new sales channels opening up across the world due to a more competitive product pricing as a result of less red tape.

[rambaugh]

UK OEMs?

I was simply using OEM as an example.

In more general terms Products produced in the UK according to EFTA/EEA Cumulative Rules of Origin.

[AtW]

I was simply using OEM as an example.

You do understand that OEM was essentially created term for stuff outsourced to Asia and then resold on the West with local labels?

UK OEM is not even coal mining which actually existed here.