The Consequences of Brexit [part 4]

[L00b]

One of the biggest shortcomings in your point is that the majority of UK exports and imports with the EU is service based. A large proportion of that is financial services. That is the golden trade chip and it is the EU that holds it.

Speaking of things 'golden', another shortcoming in ENG' earlier post is that the UK's trade with the EU is about 50%, not 40%.

 

The magic expression to input in Google in that context, is 'gold trading' (...which is a London-based service).

Edited November 18, 2017 by L00b

[andyofborg]

 

As a technologically advanced north Atlantic island with millennias of maritime trading history the UK is almost uniquely placed to benefit from international trade opportunities.

 

 

I'd make the observation that for most of those millennia our biggest and essentially only trade partner was Europe. When we moved to trading with the rest of the world the bulk of that trade was with the half we invaded and that trade required the British army and navy.

 

I'm not sure that in this case past performance is a reliable indicator of future performance.

[tzijlstra]

I'd make the observation that for most of those millennia our biggest and essentially only trade partner was Europe. When we moved to trading with the rest of the world the bulk of that trade was with the half we invaded and that trade required the British army and navy.

 

I'm not sure that in this case past performance is a reliable indicator of future performance.

 

I missed him saying that. Funny how, despite being a maritime nation the number of TEUs being moved in the UK is well below that of... euhmmmm Belgium?

 

I've raised this point before - the UK has a proud maritime history, compared to other nations around the North Sea it has an underdeveloped shipping industry, the majority of the ports are too small and can't cope with the huge numbers required.

--------

Ah, the EU is celebrating the social pillar, the foundation under the principles of Europe and why the EU was formed. Of course, this is completely at odds with the capitalist, exploitative nature of the EU, but perhaps some people have got that bit slightly wrong.

Edited November 19, 2017 by tzijlstra

[ENG601PM]

You haven't walked away and saved billions.

 

You're not making any sense, you'll have to explain why not walking away and saving billions is the UK looking desperate in the negotiations.

[I1L2T3]

You're not making any sense, you'll have to explain why not walking away and saving billions is the UK looking desperate in the negotiations.

 

How would it save billions? In the long run we would have to rebuild trust in us, after spending the short and medium term as a country that could not be trusted to meet its obligations. The impact of that could be incalculable. And that short and medium term would be when we’d need to be building relationships and signing deals.

 

As always your masters are several steps ahead. The idea of a unilateral abolition of tariffs lays the groundwork for a no deal walk away. And that no deal situation and unilateral abolition of tariffs creates the maximum possible economic chaos both in the U.K. and globally, and creates the maximum possible opportunities for the disaster capitalists (and foreign governments) who are driving and paying for the hard Brexit propaganda.

 

You don’t have to decide whether you are Putin’s poodle or the plaything of a bent billionaire. You can be both.

[ENG601PM]

Trade hasn't been declining sharply for years, in fact trade has been growing quite steadily for years, it is just that other trading partners are becoming increasingly bigger as well.

 

Not true.

 

As I said, UK trade with the EU is about 40% and had been declining for years.

 

http://i.telegraph.co.uk/multimedia/archive/03336/Capture_3336133b.jpg

 

Best not to try a second time to argue that one by trying to switch the discussion to quantity or £'s.

 

Inflation and consumption are not going to help you argue that the EU is in decline as a trading bloc. The only trading bloc in decline in fact. Of course the EU is a useful economic resource for UK PLC but it isn't the only one and it is most certainly not the only way to succeed. The referendum was crystal clear and it's done, it's time to go forward with the opportunity presented, not navel gaze about an imaginary Elysium.

 

---------- Post added 19-11-2017 at 12:15 ----------

 

How would it save billions? .

 

I don't know, ask chalga. Do keep up old chap.

[chalga]

You're not making any sense, you'll have to explain why not walking away and saving billions is the UK looking desperate in the negotiations.

 

Because they've said that they need us more than we need them,yet they are still at the table wanting a trade deal,that the EU are in no hurry to talk about,and that will cost them billions,billions they could save by proving that 'they need us more than we need them'..........that looks desperate,if the EU is not the only way to succeed,why waste billions on them?

Edited November 19, 2017 by chalga

[Ridgewalk]

The top 1% of UK earners pay 30% of UK tax. Please tell us how much more tax Mr Corbyn should make your "wealthy elite" pay to achieve your rebalancing.

 

 

Could start by clamping down on corporate tax avoidance.

 

Rich individuals get lots of benefits by living in UK, drive on roads repaired by the state, employ workmen and service people, who were educated at taxpayers expense and are kept healthy by the NHS at taxpayer# expense. They are protected by state sanctioned laws, call the tax funded police service in to keep them safe paid for by the tax payer, ditto fire brigade, and Ambulance service. They are treated for illness by medication which in large part has been provided by scientific research paid for by taxation. I could go on.

 

If the 1% rich don’t want to enjoy the benefits of a safe and decent society they could always move elsewhere.

I suspect though instead they will continue to invest in employing creative accountants and continue to move their assets off shore

[tzijlstra]

Not true.

 

As I said, UK trade with the EU is about 40% and had been declining for years.

 

http://i.telegraph.co.uk/multimedia/archive/03336/Capture_3336133b.jpg

 

Best not to try a second time to argue that one by trying to switch the discussion to quantity or £'s.

 

That is exactly the chart I knew you'd bring up. Now ask yourself - as a percentage of the total value - if the total value of global trade is sharply increasing (which it has done, quite surprising considering the EU is apparently blocking UK trade?) then would the percentage of EU-UK trade decline as part of the total?

 

Your stat just proves how daft Brexit is, the UK has seen an increase in foreign trade for decades now. That is as part of the EU. All hard Brexit is going to achieve is a decline in trade with its main-partner. Whoever thinks that is a good idea is likely to tell their boss that they don't come in tomorrow because they've got a paper-round now.

 

---------- Post added 19-11-2017 at 14:30 ----------

 

Could start by clamping down on corporate tax avoidance.

 

To UK dependencies.

 

Fortunately the EU is doing just that, interesting that they are moving on it now the UK has decided to shoot itself in the foot and lose influence.

[retep]

That is exactly the chart I knew you'd bring up. Now ask yourself - as a percentage of the total value - if the total value of global trade is sharply increasing (which it has done, quite surprising considering the EU is apparently blocking UK trade?) then would the percentage of EU-UK trade decline as part of the total?

 

Your stat just proves how daft Brexit is, the UK has seen an increase in foreign trade for decades now. That is as part of the EU. All hard Brexit is going to achieve is a decline in trade with its main-partner. Whoever thinks that is a good idea is likely to tell their boss that they don't come in tomorrow because they've got a paper-round now.

 

---------- Post added 19-11-2017 at 14:30 ----------

 

 

To UK dependencies.

 

Fortunately the EU is doing just that, interesting that they are moving on it now the UK has decided to shoot itself in the foot and lose influence.

 

Isn't Verhofstadt too old for a paper round?