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[Politics] Brexit

If there was a second Brexit referendum how would you vote?


  • Total voters
    1,081






The Clamp

Well-known member
NSC Patron
Jan 11, 2016
24,482
West is BEST
No going to debate with you. You’ll only start crying again how everyone picks on you.

I note another insult from you there again Mr Liar.

Of course I insult you, you’re a dick. Look how quickly you launch into an argument. Fish in a barrel. Eaaaaasy nowww.
 


Publius Ovidius

Well-known member
Jul 5, 2003
46,017
at home
Of course, things like steel suffer from WTO rates of - wait for it - drum-roll. A whole whopping 0% (that’s not even 0% rounded).

It depends on the products, and it depends if WE choose to add tariffs. It’s a TAX we can CHOOSE to apply if we want to. We just need to be consistent with applying tariffs on products and not favour any country/block, but we can choose which products we apply tariffs to.

So stuff we don’t manufacture/grow, we can choose to apply zero tariffs.

Yes mate. Right. Thanks .
 


The Clamp

Well-known member
NSC Patron
Jan 11, 2016
24,482
West is BEST
So he’s in effect saying that the scrare stories of the Remainers about the impact to EU trade of No Deal are just another part of Project Fear.

Ok, in which case I did misread and thanks for the clarification.


Prick
 


























Lincoln Imp

Well-known member
Feb 2, 2009
5,964
So he’s in effect saying that the scrare stories of the Remainers about the impact to EU trade of No Deal are just another part of Project Fear.

Ok, in which case I did misread and thanks for the clarification.

My pleasure, but may I raise a supplementary point? Both you and 2p report this evening that Remainers are claiming there will be NO trade with the EU after Brexit. Please convince me that this isn't a wild exaggeration.
 








El Presidente

The ONLY Gay in Brighton
Helpful Moderator
Jul 5, 2003
39,705
Pattknull med Haksprut
The Clamp’s posting rights on this thread have been withdrawn.

By all means disagree with each other but the level of abuse being levelled by The Clamp is unacceptable.

Equally if anyone else wants to abuse others you know what to expect.
 
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Garry Nelson's teacher

Well-known member
May 11, 2015
5,257
Bloody Worthing!
And that’s the point. Remainers go about about how much of an impact WTO rules will be, but I’ve read that the average impact to UK exports to the EU will be circa 3-5% tariffs which the EU could impose.

On the plus aside, we can choose not to impose tariffs on things we import from outside of the EU which currently have tariffs to protect EU producers/manufacturers. For example, Oranges. (That’s just one example before someone tries to go all “Hey great, out oranges are a bit cheaper”).

The whole thing is complex, and if you read a lot of ‘less emotional’ articles, the view is there are of course risks and a lot of uncertainty, but anyone who is saying the know what the outcome will be is just lying.

How do we know how much trade will be lost or gained? We don’t.
How much trade will still happen with tariffs applied? Who knows.
How much of the trade is specialised, such as Rolls Royce engines?
A lot of our exports will be services which there is no single market for anyway.

Yes - complex indeed. But as far as I know there is a consensus among those dreaded experts (eg University of Sussex UK Policy Trade Observatory) that regardless of the specific Brexit arrangements that prevail, any change will be worse than what we've currently got with our major trading partner and will lead to negative economic consequences. The only issue really is jut how bad these will be. Anything other than an acceptance of this verges on the delusional; that 's the starting point.

What I think might clarify matters is that when (if ever!) the specific Brexit plan is known (eg May's dubious White Paper) we'll get a range of projections based on explicit assumptions to let us know the range of outcomes. At that point the ERG can and should of course also contest these and generate alternative models to put before Parliament and/or the British people (don't hold your breath); but let's face it, we have to be grown-up enough to stop the bleating about Project Fear and take projections and forecasts seriously - from both sides.

The ERG (if we take these as the High Priests of Brexit) has been very quiet in producing alternative forecasts. Perhaps they're keeping their ammo dry.

Yes, the precise outcome will never be knowable but it doesn't mean we have to ignore evidence. Let's be sensible about this and I agree take some of the emotion and rhetoric out of it - eg 'the easiest deal in history', which still stands as one of the most irresponsible utterances of any British politician since 'peace in our time'.

PS if you could reference where you read about the tariffs It would be good to look at that
 




Two Professors

Two Mad Professors
Jul 13, 2009
7,617
Multicultural Brum
My pleasure, but may I raise a supplementary point? Both you and 2p report this evening that Remainers are claiming there will be NO trade with the EU after Brexit. Please convince me that this isn't a wild exaggeration.[/QUOTE

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Sits back,opens Pringles,awaits being told these posts are nothing to do with trade and all about intellectual rights to Haydn's Fifth Symphony,must have misunderstood as I'm not a graduate or just thick.
Bye-bye Clampy,when you coming back as Nibble pluke?:bigwave:
 


Baldseagull

Well-known member
Jan 26, 2012
10,946
Crawley
And that’s the point. Remainers go about about how much of an impact WTO rules will be, but I’ve read that the average impact to UK exports to the EU will be circa 3-5% tariffs which the EU could impose.

On the plus aside, we can choose not to impose tariffs on things we import from outside of the EU which currently have tariffs to protect EU producers/manufacturers. For example, Oranges. (That’s just one example before someone tries to go all “Hey great, out oranges are a bit cheaper”).

The whole thing is complex, and if you read a lot of ‘less emotional’ articles, the view is there are of course risks and a lot of uncertainty, but anyone who is saying the know what the outcome will be is just lying.

How do we know how much trade will be lost or gained? We don’t.
How much trade will still happen with tariffs applied? Who knows.
How much of the trade is specialised, such as Rolls Royce engines?
A lot of our exports will be services which there is no single market for anyway.

OK, lets say we get on average 5% tariff on our exports to the EU. We currently have exports valued around £270 Billion, if we continue the same level of trade, the countries which land our goods will collect £14 Billion for the privilege, they will keep 20%, £2.8 Billion, and the EU will receive £11.2 Billion. Currently our net contributions to the EU are about £8.5 Billion. Our exports to the EU would have to drop by more than a third before the EU would get less in tariffs than they currently get in contributions.

The Tariffs will almost certainly reduce profits to UK companies exporting to the EU, either by them swallowing the tariffs to remain competitive or by reduced sales by being less competitive, reducing the UK tax take from these companies. In addition they will face the extra costs of working out what Tariffs they will be charged, this can be complex. For example, the EU does not have a single tariff for Biscuits, they see this as a composite agricultural product, and therefore the balance of ingredients will determine the Tariff imposed, their are more than 13,000 different codes for various types of biscuit with varying amounts of various ingredients. Now, you can say that is daft, and I would agree, but it is what happens to third country imports to the EU.

There is passporting of Financial Services for EU members, this will end when we leave unless a deal is made to allow it to continue, PWC estimate about £19 Billion of UK financial services exports is at risk. https://www.pwc.co.uk/financial-services/assets/pdf/impact-of-brexit-on-fs-in-europe.pdf
 


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