The Consequences of Brexit [part 4]

[Jeffrey Shaw]

We will still trade with the EU. Both sides need each other and business is pragmatic. They will come to an agreement that suits most of them.

Politicians do not understand trade. Most have no experience of being in real (= non-political) jobs. Countries do not 'trade' with one another; businesses and people do.

[hobinfoot]

Politicians do not understand trade. Most have no experience of being in real (= non-political) jobs. Countries do not 'trade' with one another; businesses and people do.

That's what I've said. Business will trade with the EU and the EU will trade with us. I've not heard anyone say that trade will stop. It will suit both sides if they could keep it tariff free tho.

[tzijlstra]

It's lovely weather and I've been rather busy, but I'd just like to point out my delight at the use of: 'customs partnership' by HMG.

 

Finally some sort of sensible semantic outcome to the UK staying strongly linked to its main economic partner.

[Car Boot]

The UK would have been paying up to £22 billion a year to the European Commission in the 2020s if we’d voted to stay, the 'Change Britain' campaign group have reported.

 

The EU executive proposed an increase of at least €1.3 trillion in its blueprint for the bloc’s next seven-year budget, known as the multi-annual financial framework, on 2 May. The UK's share would have been £22 billion a year – or £431 million a week before any rebate.

 

The next 2021-2027 budget will be the first after the UK’s departure from the bloc in March 2019. As a result, the Commission had to plug a funding gap left by the UK's contributions of between €10 billion and €12 billion, while investing in new priorities. The EU executive also proposed new taxes and instruments to raise up to €22 billion to reduce the dependence on member states’ contributions.

 

'Change Britain' chair Gisela Stuart, said: “These figures lay bare the eye-watering sums of money UK taxpayers would have had to hand over to Brussels had we voted to stay.”

 

https://www.express.co.uk/news/politics/956227/eu-membership-uk-soar-more-22-billion-brexit-cancelled

 

Lets give the £22 billion a year to the NHS, and not fund lavish salaries for Brussels bureaucrats!

Edited May 7, 2018 by Car Boot

[tzijlstra]

Lets give the £22 billion a year to the NHS, and not fund lavish salaries for Brussels bureaucrats!

 

I assume you are writing to your Brexit MP to guarantee this?

[Cyclone]

Instead we'll actually be worse off by far more than £22 billion. There's nothing to 'give', we'll instead have to sell off the NHS just to break even (which happened to be the tory plan all along).

 

---------- Post added 08-05-2018 at 07:23 ----------

 

We will still trade with the EU. Both sides need each other and business is pragmatic. They will come to an agreement that suits most of them.

 

Tariffs make it far less attractive for companies on both sides, so trade will fall by a large amount. Businesses might be pragmatic, but they can't change the law.

[Car Boot]

Instead we'll actually be worse off by far more than £22 billion. There's nothing to 'give', we'll instead have to sell off the NHS just to break even (which happened to be the tory plan all along).

 

So the fact that the EU executive has proposed an increase of €1.3 trillion in its 2021-2027 budget, despite the UK’s departure leaving a funding gap of up to €12 billion, does not suggest to you that the EU is being financially irresponsible?

 

A smaller EU should mean a smaller budget. But NOT to the EU Commission. A smaller EU without its second largest net contributor, the UK, in reality means a spending increase and gradually eliminating all national rebates over the next five years while increasing member states budget contributions and taxation.

 

New EU taxes on member states intended to raise up to €22 billion include a national contribution based on the amount of non-recycled plastic packaging waste in each member state.

 

MEPs have been demanding a new tax on the big digital firms, such as Google and Facebook. But the Commission has refused to do this, provoking anger.

 

The New EU without the UK means pay a lot more and tax a lot more. The EU army isn't going to fund itself!

[melthebell]

So the fact that the EU executive has proposed an increase of €1.3 trillion in its 2021-2027 budget, despite the UK’s departure leaving a funding gap of up to €12 billion, does not suggest to you that the EU is being financially irresponsible?

 

A smaller EU should mean a smaller budget. But NOT to the EU Commission.

 

do you actually know how economies work? NOTHING ever goes down, costs go up

Doesnt matter if we are a part of it or not, costs will rise

[L00b]

The EU starts free trade talks with Australia & New Zealand today.

 

For the avoidance of doubt: the U.K. DTI will be part of those talks until Brexit day (30 March 2019) but not thereafter. The Brexiting U.K. gets automatically shunted to the back of that queue in about 10 and a bit months’ time.

 

In other news today, the U.K. DTI is shedding 10% of trade promotion jobs to balance its budget.

 

Well played U.K.

[andyofborg]

That's what I've said. Business will trade with the EU and the EU will trade with us. I've not heard anyone say that trade will stop. It will suit both sides if they could keep it tariff free tho.

 

it's not just tarrifs though, its the other things like custom rules and such like

 

the further we move from the current customs arrangements the longer the delays will be,

 

if you hunt around there are plenty of interviews with the people in charge of ports where they make it clear that even adding a minute extra to current customs checks will produce queues of lorries dozens of miles long which will have consequences for everything with a short shelf life. also over the last 40 years a large number of cross border manufacturing chains have been built up notably in the car industry. if the delays which are talked about start to happen then the cross-border just-in-time manufacturing process will collapse and it seems likely the manufacturers will move their manufacturing from the UK to elsewhere in the EU.