May's speech

[GB9]

You are forgetting that the EU is a federation not a nation. Each of them will bear a small impact of a harsh deal. For the UK the impact will be compounded

With any kind of deal the tariffs will have to be largely absorbed by the public in the form of increased prices for imported goods, many of which don't have substitutes that can be imported from elsewhere cheaper.

And you seem to forget about service, as in financial services... Any amount of lost export to UK will be eclipsed by a potential to draw some of those juicy financial institutions from London to Frankfurt or Paris or w/e.

We're waiting.

Think of all that lovely import tax that we will receive. And don't assume we will buy at the same level we do now.

[WTFH]

The UK's top 3 exports in 2014 were cars, gold and oil.
To export more manufactured goods, we need to import more raw materials.
A British-made car uses imported metal, imported components. It just happens to be assembled in the UK.
Putting a tax/tariff on imports then increases the price of the exports, making the products less competitive in a global market.
To increase exports compared to imports, it needs to be things that are mostly made without importing, so that means export more gold and export more oil.
Except we import more oil than we export.

The question is: what can we export that doesn't increase our imports?

[BlasterBates]

We're waiting.

Think of all that lovely import tax that we will receive. And don't assume we will buy at the same level we do now.

Who do you think pays these import duties ?

The British consumer.

[sal]

We're waiting.

Think of all that lovely import tax that we will receive. And don't assume we will buy at the same level we do now.

The import tax will be received by the Government and paid by the UK buyer - that's me and you, not the EU company importing the goods.

[scooterscot]

The question is: what can we export that doesn't increase our imports?

Stop being so negative. The mines will open once more! The smelting plants will burst into life producing steal. The best steal. The best British steal! Employers will only be too happy to pay the £16-20 minimum wage.

[Paddy]

We're waiting.

Think of all that lovely import tax that we will receive. And don't assume we will buy at the same level we do now.

Unless it is re-exported to our European home or business, in which case we get a refund

Unlike the plebs with only a UK base

[GB9]

The import tax will be received by the Government and paid by the UK buyer - that's me and you, not the EU company importing the goods.

It will indeed be received by the Government. We then see how it is used and if we don't like it we can vote for a different government.

It will in part be absorbed by manufacturers and vendors, and in part by customers. We will buy fewer imports or fewer from areas with tariffs. We will buy more home grown and from areas without tariffs. Rebalancing.

[Paddy]

It will indeed be received by the Government. We then see how it is used and if we don't like it we can vote for a different government.

It will in part be absorbed by manufacturers and vendors, and in part by customers. We will buy fewer imports or fewer from areas with tariffs. We will buy more home grown and from areas without tariffs. Rebalancing.

Nothing is absorbed by manufacturers; they will just cut corners on products to the UK market. We will get BMWs built in South Africa and Mexico, which from my experience are built like crap and worse than Chinese copies.

[darmstadt]

C'mon, lighten up...




Brexit open border plan is 'an illusion' and 'unrealistic'- say key figures - Independent.ie

[darmstadt]

whoops, another one...