Brexit Economics - lesson 3 Tariffs and trade barriers

[SueEllen]

So Tusk and Juncker say we give notice and start negotiations. This woman says we give notice, do nothing for 2 years and then negotiate. A French minister suggests a deal on freedom of movement. Honestly, they don't know their arse from their elbows. Probably a result of needing agreement from 27 countries.

I suggest we just sit and wait......and wait.....and wait........

We aren't just trading with the French we need to negotiate with 26 other countries as well. I strongly suspect those in the Eastern and Southern part of Europe will be as nasty as possible to us in the hope that global countries in the UK relocate to them. They won't actually have a problem with a few skilled British workers relocating with the companies if it makes them viable.

[CretinWatcher]

So what is the big deal with simply trading on WTO terms? The rest of the World does, so why not the UK?

10% tarriff on Jap (Nissan, Toyota and Honda) and Indian (JLR) cars built here, going into Europe.
No passport for financial services so firms based in the City have to open offices in Europe.

Its the latter that will hurt most. That's what this country makes a living from.

FFS did you cretins not research this stuff before you voted?

[BlasterBates]

So Tusk and Juncker say we give notice and start negotiations. This woman says we give notice, do nothing for 2 years and then negotiate. A French minister suggests a deal on freedom of movement. Honestly, they don't know their arse from their elbows. Probably a result of needing agreement from 27 countries.

I suggest we just sit and wait......and wait.....and wait........

Right and threaten them with not handing in article 50 indefinitely.

Yep they'll probably cave in eventually.

[GB9]

Right and threaten them with not handing in article 50 indefinitely.

Yep they'll probably cave in eventually.

Well, it's going to hang around them like a bad smell and they obviously don't like it.

[vetran]

Well, it's going to hang around them like a bad smell and they obviously don't like it.

Good!

[CretinWatcher]

Well, it's going to hang around them like a bad smell and they obviously don't like it.

And which investor will want to invest in the UK under those circs?
Honestly you guys are thick as mince.

[FatLazyContractor]

And which investor will want to invest in the UK under those circs?
Honestly you guys are thick as mince.

China will, with a view to take over.

[Mordac]

27 EU countries have now unanimously agreed that negotiations with UK on post Brexit trade agreements start after it has exited

Which means of course it will be negotiating from a position in which the UK has no trade agreements whatsoever, and it has to sell everything into the EU on WTO terms.

Cuts both ways. We buy more (way more) than we sell. How long will it take for Merkel to force a favourable deal when we have stopped buying their cars in the pre-Brexit numbers?

[Mordac]

And which investor will want to invest in the UK under those circs?
Honestly you guys are thick as mince.

So where are you on day release from then?

[sirja]

So what is the big deal with simply trading on WTO terms? The rest of the World does, so why not the UK?

You leavers just don't get it. You think everything is just about trade in goods.

This should help in informing you why being in the single market is so important.

UK financial sector 'determined' to keep EU passport: representative By Reuters


Of course Gove would dismiss all this and tell us not to listen to the experts