[Politics] Brexit

[Two Professors]

I don't think you understand.

1. No one is denying that almost anyone can sell almost anything to almost anyone. Mirage jets to India, Land Rovers to China. This is not the issue. The point is that being in a single market with no tariff barriers makes it more likely that you will do so. This is why even the most ardent Brexiteers would like us to retain free access to the huge European single market. The debate is not about whether it is a good thing but about whether the access is worth the non-economic price. Romanians in Boston and Poles in Peterborough (etc etc) make Brexiters think it's not.

2. Your point about Luxembourg is asinine with respect. I was not talking about selling things to Luxembourg. I was talking about the fact that no trade deal of this kind can be reached with the EU without the agreement of all members, including countries like Luxembourg who have no vested interest in accommodating the UK.

I don't think YOU understand-our exports don't sell to the single market,just to a few of the 20 odd.I do not think Germany would allow Luxembourg to insist on tariffs against us at the expense of their exports,or any of the other economic midgets given a so-called equal voice.The European financial market,particularly German,Italian,French etc. banks cannnot afford anybody stupid enough to upset the apple cart.

 

[Two Professors]

Oh sweet Lord. It was not ME saying that British manufacturing would be mostly eliminated if we left the EU, it was a leading Brexit-supporting economist - you know, one of the chaps on your side of the argument. If you think he's stupid I suggest you write to him, Professor Minford at the University of Cardiff.

No,but you and your fellow moaners love to pick up on and quote anything you consider might put Brexit in a negative light.

 

[Two Professors]

OK, you're the expert. I need a new car. Budget £18k. What car made by a British owned manufacturer do you recommend?

If your budget is only £18k then you should catch the bus,or the trains when they run!

 

[Two Professors]

Why dont you

Somebody's got to wave goodbye to you miserable persons!

 

[GoldWithFalmer]

Oh, I was hoping to be served by that chap in the gossamer frock but never mind. Perhaps you can help. I really would like something from a British company. Four doors please. Let's forget a price limit. What do you recommend?

A Bentley? Failing that you can have my Mazda 6 5 door for £11995......

 

[Lincoln Imp]

A Bentley? Failing that you can have my Mazda 6 5 door for £11995......

Very grateful but as I say I'm looking for a car from a British company. Any four door car. Any British company. PPF has told me to buy one.

 

[GoldWithFalmer]

Very grateful but as I say I'm looking for a car from a British company. Any four door car. Any British company. PPF has told me to buy one.

But British you say.......................can you wait a few year until we get the factories up and running again

 

[studio150]

No,but you and your fellow moaners love to pick up on and quote anything you consider might put Brexit in a negative light.

Yes we all know that leavers have banned anything negative and we must all smile and agree everything is wonderful.

 

[Green Cross Code Man]

Yes we all know that leavers have banned anything negative and we must all smile and agree everything is wonderful.

No, it's more the perception of glee at any bit of bad news. Anyone would think some of you want Brexit to fail from sheer bloody-mindedness. Brexit is the new reality, what on earth is the point of highlighting every possible news story which happens to back up a negative view of reality? Brexit hasn't happened yet, why not wait and see if it turns out well?

 

[nicko31]

Well I've looked but I can't see the UK's share price anywhere-are you on something?

I'm referring to pound dollar rate it's a pretty good gauge and make uk assets cheap and imports expensive

 

[Neville's Breakfast]

I'm referring to pound dollar rate it's a pretty good gauge and make uk assets cheap and imports expensive

The pound dollar rate is not a proxy for a 'U.K. Share price.' It does not work that way. The exchange rate is influenced by many factors and in any short time period is determined by speculative capital flows as much as anything else. These flows move around looking for interest rate arbitrage opportunities.

 

[Lincoln Imp]

No, it's more the perception of glee at any bit of bad news. Anyone would think some of you want Brexit to fail from sheer bloody-mindedness. Brexit is the new reality, what on earth is the point of highlighting every possible news story which happens to back up a negative view of reality? Brexit hasn't happened yet, why not wait and see if it turns out well?

But this isn't about 'a bit of bad news' - it's about a prediction by a leading Brexit economist that leaving the EU will lead to the virtual elimination of UK manufacturing, a situation which, far from being bad news, was seen by the good professor as being something that shouldn't frighten us. Why on earth should you criticise Remainers for drawing attention to something you have just voted for?

 

[GT49er]

But this isn't about 'a bit of bad news' - it's about a prediction by a leading Brexit economist that leaving the EU will lead to the virtual elimination of UK manufacturing, a situation which, far from being bad news, was seen by the good professor as being something that shouldn't frighten us. Why on earth should you criticise Remainers for drawing attention to something you have just voted for?

The elimination of British manufacturing industry? Mrs.Thatcher would be delighted.




For those with short memories, she was the two-faced cow who promised to go to work with her handbag against the EU - then signed the Single European Act.

 

[beorhthelm]

But this isn't about 'a bit of bad news' - it's about a prediction by a leading Brexit economist that leaving the EU will lead to the virtual elimination of UK manufacturing, a situation which, far from being bad news, was seen by the good professor as being something that shouldn't frighten us. Why on earth should you criticise Remainers for drawing attention to something you have just voted for?

you're refering to Prof. Minford? while some reports use the term "eliminiation", he used the term "diminishing" arguing that cheaper imports and service sector increase will more than cover this (as they have for several dcades). theres a romanticism about manufacturing that ignore the realities of making commodity, basic products. cost of labour, environment protection, proximty to raw materials means its too expensive to keep alot of manufacturing in the developed world, while most of what remains is high value, high tech, low labour. despite this the manufacturing sector has grown at pace with the economy for 40 years, while the service sector and overall economy has grown more. thats why its not frightening.

so back to one Professors opinion, if we leave we can buy in goods and raw materials cheaper, selling into the internal market more product to make more revenue. the service sector will grow more, which as a larger proportion of the economy will lead to a larger net gain against the potential loses from EU exports. those exports are a half of a quarter of the economy, which will not disappear but be slightly reduced. if we lost 10% of trade with the EU that is ~1% total economy impacted, while we'll see that offset by lower import cost from non EU trade.

 

[pastafarian]

As you know I'm a staunch remainer but as Brexit will happen I'd like to see some more of these action lists coming forward, albeit in a slightly more realistic form!

Good to see you have finally given in and succumbed and realised the reality of what everyone on the victorious side was telling you all along. We will leave The EU.

I knew it was only a matter of time before you conceded your thinking since the referendum result that somehow brexit wasnt certain and only might happen or if it happens was delusional wishful thinking nonsense you simply invented in your head.
Does this mean you recognise your prediction of a second referendum in a matter of months is also pants with no basis on reality......or are you going to stick to that one?

In any case welcome finally aboard the brexit bus.
Do you want a seat at the front and wish the country succeeds and makes the best of it or do you want a seat at the back and hope brexit fails ?

 

[The Clamp]

Good to see you have finally given in and succumbed and realised the reality of what everyone on the victorious side was telling you all along. We will leave The EU.

I knew it was only a matter of time before you conceded your thinking since the referendum result that somehow brexit wasnt certain and only might happen or if it happens was delusional wishful thinking nonsense you simply invented in your head.
Does this mean you recognise your prediction of a second referendum in a matter of months is also pants with no basis on reality......or are you going to stick to that one?

In any case welcome finally aboard the brexit bus.
Do you want a seat at the front and wish the country succeeds and makes the best of it or do you want a seat at the back and hope brexit fails ?

Nope, I still firmly disagree with Brexit, still firmly hope for someone to step in and stop the madness, still know it's going to be a disaster and still think you're a bit of a prat.
Nowt's changed.

 

[Hampster Gull]

The pound dollar rate is not a proxy for a 'U.K. Share price.' It does not work that way. The exchange rate is influenced by many factors and in any short time period is determined by speculative capital flows as much as anything else. These flows move around looking for interest rate arbitrage opportunities.

The value of sterling is as you say a factor of many things but it is a very good proxy for investors confidence on the UK. And its taken a battering. that doesnt mean things wont improve, we have to hope so for the prospects of our kids, but its a fairly damning indictment so far

 

[pastafarian]

Nope, I still firmly disagree with Brexit, still firmly hope for someone to step in and stop the madness, still know it's going to be a disaster and still think you're a bit of a prat.
Nowt's changed.

but at least you have now realised its inevitable

 

[The Clamp]

but at least you have now realised its inevitable

You really need to get a life. You spend your entire time on here baiting people. It's really rather pathetic. I think you're best ignored.

 

[pastafarian]

You really need to get a life. You spend your entire time on here baiting people. It's really rather pathetic. I think you're best ignored.

are you saying Brexit is not inevitable even though you said it will happen?