£135 Billion!!!

[darmstadt]

Viewpoint from a brexit 'no deal' supporter:

'What don't you like about free trade, Mrs May?'

Saw the above in my local Wetherspoons at the weekend. Popped in for a pint to see what crimbo ales they had on, the poncy bars can stick their £4/pint (and upwards) where their 'artisan' burgers are made.

Tim Martin – ‘Wetherspoon food costs will go down if we opt for unilateral free trade’ - J D Wetherspoon



1.5 pence! To be fair their pubs are always rammed so they must get through thousands of meals a day per pub.

So all this leaves me wondering what is really project fear, self-interest based opinion, or real likely tulip that will go down if UK dares just walk away from the EU.

Wetherspoons boss warns prices may rise AGAIN this year

‘Food price rises are a myth’ says Tim Martin as he announces price hike | Latest Brexit news and top stories - The New European

Access Denied

So basically raise your prices throughout the year, then after Brexit drop them and say that the drop is due to Brexit. The customer won't remember that prices have been raised throughout the year, much like shops do with sales

[meridian]

Thats what was said about Thatcher in 1980.

This is what Minford, the Brexiteer “economist”, is saying himself. His “savings” are predicated on the U.K. unilaterally setting tariffs to 0 and killing off any local industry.

[Hobosapien]

Viewpoint from a brexit 'no deal' supporter:

'What don't you like about free trade, Mrs May?'

Saw the above in my local Wetherspoons at the weekend. Popped in for a pint to see what crimbo ales they had on, the poncy bars can stick their £4/pint (and upwards) where their 'artisan' burgers are made.

Tim Martin – ‘Wetherspoon food costs will go down if we opt for unilateral free trade’ - J D Wetherspoon

Wetherspoon has looked carefully at WTO rules, and at the countries of origin of the products we sell. We calculate that our own cost prices will reduce by 1.5 pence per pint or meal sold, on average, if the UK opts for unilateral free trade.

1.5 pence! To be fair their pubs are always rammed so they must get through thousands of meals a day per pub.

So all this leaves me wondering what is really project fear, self-interest based opinion, or real likely tulip that will go down if UK dares just walk away from the EU.

[GreenMirror]

this would devastate manufacturing and farming in this country irreparably.

Thats what was said about Thatcher in 1980.

[AtW]

At what exchange rates, parity with USD?

[darmstadt]

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.

[chopper]

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.

[meridian]

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

[Old Greg]

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

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

[shaunbhoy]

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.

[chopper]

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

Which EU trade restrictions?

[Eirikur]

Oh the simpletons

[original PM]

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?

[chopper]

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.

[shaunbhoy]

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.