Reply to: No discussion on the Remains leaflet?

[Churchill]

The unwashed will be placated by football, cheap booze and flat screen TVs.

The only way inequality ever reduces is via a depression.

Or a war.

Sort Fritz and the rest of those bloody krauts out once-and-for-all!

[BrilloPad]

One thing's for sure, the rich will get richer, Brexit or not.

But with Brexit I suspect the poor will get even poorer as there will be fewer jobs about.

The unwashed will be placated by football, cheap booze and flat screen TVs.

The only way inequality ever reduces is via a depression.

[sasguru]

Britain is a good at fraud and money launderinginvestment banking.

One thing's for sure, the rich will get richer, Brexit or not.

But with Brexit I suspect the poor will get even poorer as there will be fewer jobs about.

[BlasterBates]

Britain is a good at fraud and money launderinginvestment banking.

[DimPrawn]

We have the world's best recruitment agents. FACT. We can export them all to China post Brexit.

[sasguru]

As Adam Smith noted in his book "The Wealth of Nations", Britain is essentially a nation of shop keepers. It was true then and it is true today.

Not really. From the 19th to mid-20th century Britain really was a manufacturing powerhouse.
But a combination of bad management and bolshie workers - and an ability to innovate but not to perfect - put paid to that.

[BlasterBates]

No perhaps not, we can just do each others hair.

....and tattoos

Did you know that the two industries in which the UK excel are auctioning and biscuits. A little known fact.

As Adam Smith noted in his book "The Wealth of Nations", Britain is essentially a nation of shop keepers. It was true then and it is true today.

[sasguru]

Does it really matter?

No perhaps not, we can just do each others hair.

[sasguru]

Moving of manufacturing from the UK is a separate point which I acknowledge is a more than reasonable argument. However what you fail to acknowledge is that the UK imports far more from the EU than it exports so in terms of finance the balance from tariffs would benefit the UK.

They take 45% of our exports, we take (if we take EU as a whole) about 16 % of theirs. They have the power in any negotiation. Even though they don't want to lose 16%, we certainly CANNOT lose 45%.

That's goods only. There's a UK surplus in services. If tariffs were put on these we'd be shafted.

If Nissan did decide to move from the UK because of increased tariffs selling to the EU then if they were to sell back to the UK they would face tariffs accessing UK markets.

Which do you think is the larger market for Nissan, UK or Europe as a whole?

The upshot is that the EU and UK would get instantly busy in renegotiating trade deals. I am pretty sure there would be a lead time for exiting during which new trade deals could be negotiated.

No doubt. But the UK would be the supplicant in this deal-making.

[BlasterBates]

Michael Gove talks about the UK being like Turkey, but I can't see that happening:

https://en.wikipedia.org/wiki/Europe..._Customs_Union

Turkey, by accepting the customs union protocol, was giving the EU the power to manipulate the foreign relations of Turkey. Turkey was accepting all the treaties between EU and any non EU country (i.e. all the other countries in the world) by precondition. (16th and 55th articles[4] )
Turkey, by entering to the customs union, was accepting not to do any treaties with any non-EU country without the knowledge of EU. Otherwise, EU had the right to intervene and annul that treaty. (56th article[4])
Turkey, by entering to the customs union, was unconditionally accepting to make laws which are parallel to the newer laws made for the customs union by EU. (8th article[4])
Turkey, by entering to the customs union, was accepting to obey the all laws and decisions of European Court of Justice, where there is no single Turkish judge. (64th article[4])

Basically he UK won't have any agreement at all with the EU other than WTO rules.

[DimPrawn]

The UK has one world world class tech company, just one !



That's why the Uk is f***ed when it outside the EU single market. It has nothing to sell, apart from bolted together Japanese cars.

Britain is a World leader. Here's a useful list to remind everyone.

29 Things Britain Does Better Than The Rest Of The World

Makes yer proud!

[DodgyAgent]

The UK has one world world class tech company, just one !



That's why the Uk is f***ed when it outside the EU single market. It has nothing to sell, apart from bolted together Japanese cars.

Does it really matter?

[BlasterBates]

Spoken like a redneck

The UK has one world world class tech company, just one !

An article in The Economist earlier this year highlighted that for all the vibrancy in UK tech start-ups, very few have grown to any scale. Only two British firms (ARM and Autonomy) were world-class: respected (or feared) in Silicon Valley and big enough to matter (FTSE100 listed). After HP's acquisition of Autonomy it leaves only one world-class British technology company.

That's why the Uk is f***ed when it outside the EU single market. It has nothing to sell, apart from bolted together Japanese cars.

[DodgyAgent]

This is a good point, Germany and Switzerland had world class industries that export through tariffs as if they don't exist.

Having worked in British Engineering companies I can confirm they produce "crap", the Austin Princess was not a one off. Britain relies on foreign companies to produce because Brits are incapable of doing it. The UK is essentially a staging post for foreign companies to export into the EU.

Spoken like a redneck

[DodgyAgent]

Doesn't really refute my economic point or make any sense at all.
Germans know that if prices of their products were raised (indirectly through us putting tariffs) we'd still buy their products.
But if Europe put tariffs on Uk manuafactured products, our UK made Qashqais and Civics, which are less attractive would cost more.
Result: Our trade deficit would be even worse than it is, FDI in the UK wouldn't be an attractive proposition.

Moving of manufacturing from the UK is a separate point which I acknowledge is a more than reasonable argument. However what you fail to acknowledge is that the UK imports far more from the EU than it exports so in terms of finance the balance from tariffs would benefit the UK. If Nissan did decide to move from the UK because of increased tariffs selling to the EU then if they were to sell back to the UK they would face tariffs accessing UK markets.
The upshot is that the EU and UK would get instantly busy in renegotiating trade deals. I am pretty sure there would be a lead time for exiting during which new trade deals could be negotiated.