Brexit and Future of UK : Discussions
- Thread starter Vergennes
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About as well as your struggle for parity with China.Says the same intelligent guy who described British empire as a 'medivial empire' sometime back.
Indulge in whataboutism when you don't have answers.
How is empire 2.0 coming along anyway ?
My point here is that UK has nothing to pay with. The people of other countries don't want UK pounds as it serves no purpose. UK pounds are in excess as UK simply prints and gives to others. Why should Germany sell cars in return for UK pounds? What should Germany do with excess UK pound in its treasury?
Why the manufacturing is not shifted to UK? Because of foolish politics and wrong policy of governance. Lack of sufficient technology and manufacturing base may also be a reason to not set up local manufacturing.
Without foreign loans, UK GDP will crash. Also, UK has too much liabilities already that many foreign countries may be eager to encash all the liabilities by seeking to acquire some territory or important companies like Rolls Royce as return. Is UK willing to give the liabilities back? How will it give?
Not from where I'm sitting.Our efforts are working, unlike the dead on arrival 'empire'...
Yes, a win by one goal in extra time is certainly a 'crap kicking'. And where was India in the World Cup?Croatia kicked the cr*p out of you...you might as well focus on crochet now.....
The UK isn't the one paying though. Under WTO tariffs at the current exchange rate, the EU would collect £5bn on UK, which would go to the EU not the individual countries. The UK would collect £15bn on EU exports to the UK, as well as not having to pay £11bn net each year, not having to subsidise EU students at UK universities, not having to provide public services and infrastructure for an increasing number of migrants and not having an increasing amount of money leaving the country in remittances. The EU would have a hole in its budget to plug on top of job losses and the US tariffing them.
Why are you even talking about UK £s, it has nothing to do with this. The EU exports to the UK are purchased with Euros, just as if I buy something online from the US, I pay in $s. It leaves my bank as £ but arrives in the seller's bank as $s.
It will have no choice but to move to the UK after a hard Brexit, otherwise the products will be extortionately expensive and uncompetitive.
Actually the UK has run a budget surplus over the last 12 months and is extremely healthy compared to some EU states like Greece, Spain, Italy etc. With the collection of tariffs and reduction in payments to the EU we would have to borrow less not more.
Brexit is propelled by the same vague anti-immigrant, nationalist sentiment that motivates a lot of Donald Trump voters. Polls say that immigration, not the economy, is the most powerful driver of “Leave” sentiment. It’s the old “my country first, we’re losing to the (brown) outside hordes, let’s go back to the imaginary good old days, for whites” idea. Older, more conservative voters are more prone to want to leave, and younger, more liberal voters, less tied to the past and less fearful of newcomers, are more likely to want to stay.
This ignorant, fear-based anti-immigrant outburst is a bit shit. On the other hand, the deeper motivation for all this sentiment is the fact that so many people have been left behind by globalization—its benefits have accrued to elites, millions of workers have suffered only its negative consequences, inequality grows, and people get angry. This is a foolish target for that anger, yes, but such lashing out against outsiders seems to be in human nature. One would hope that these sorts of flirtations with economic disaster driven by rage of the common man against enormous abuses of global economic forces might motivate the elites to make changes to ensure that all of the benefits of globalization are widely shared, would one not? But maybe we’ll just end up having some wars, instead.
Now please stop embarrassing yourself and insinuating it wasnt about race.
Racist *censored*s, the likes of Farage, have used national pride and sentiment to motivate racist gammons to suggest the "foreigners are taking your money and women.
Knobheads dont realize. Let me break it down even further - There are 10 biscuits to share. The boss has 9 and the worker has one. The boss wants a bit of the 10th biscuit and then goes up to the worker and tells him - "see that foreigner over their? He is trying to steal your biscuit . Worker thinks ye ye and promptly puts all his focus and attention on the foreigner forgetting the shafting the boss has been giving him for years.
Has anyone ever released a study on all of that?
Like if car imports stop, will the local manufacturers compensate? Will that compensate for the loss of exports into the EU? Actual studies, I mean, not your opinion. The same with all other industries and services.
If I was a PhD economics student/professor, I would have grabbed a bunch of peers and done a real study. An impartial analysis of Brexit. And then I would have reduced it to what laymen would understand, under titles like "Brexit for doctors", "Brexit for students", "Brexit for factory workers" etc.
No. We don't even care about cricket. It's football, then rugby, then tennis. Cricket is like 4th or 5th. OAP sport. Go to any UK high school at break and see whether they're playing football or cricket. There won't be a bat in sight.
China has already been in the World Cup.
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The market always moves to fill a void, nature abhors a vacuum.
It would most definitely compensate. In 2015 up to £390bn of goods and services came from the EU to the UK and only £200bn went from the UK to the EU. Excluding services, where we have the surplus, the difference is even larger. We also paid them £11bn for this 'free' trade, so it wasn't even free. When the EU talks of 'free' trade deals, it lies, no deal with the EU is ever free.
We also pay more for certain products because of the EU's external tariffs on top of that. This most likely affects exports of various fruits/foods from India to the UK negatively too. We pay more, you sell less, and the EU (not us) gets the tariffs we collect on them anyway.
Nope, the uncontrolled immigration issue was simply the one through which people became aware of the wider sovereignty and constitutional issues associated with EU membership. Not all immigration is bad but not all immigration is good either, and much like Belgian chocolate and French wine, even too much of a good thing can be bad.
On top of that we realised that when you have to pay for a free trade deal, it isn't actually a free trade deal.
Not ignorant at all. The number of employers paying less than minimum wage has risen as a result of uncontrolled immigration.
£1.7m back pay identified for a record 16,000 workers as 260 employers are named and shamed for underpaying minimum wage rates
Named and shamed: The 179 companies fined for paying less than minimum wage
Additionally, completely illegal slave labour, is also putting genuine firms out of business.
Using cheap car washes and nail bars is fuelling modern slavery, warns National Crime Agency
Slaves working in UK construction and car washes, report finds
These are very clearly the affects of uncontrolled immigration. There can be no argument or doubt about it. It's uncontrolled immigration which takes away part or all of the 10th biscuit and even the crumbs left over have to be paid to the EU.
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UK standard of living will come down if the EU loans and investment are not offered. UK has been running good budget but the overall balance of payment relies on heavy foreign investments or loans. These investments are done with some political angle, rather than t reap returns. Whne UK leaves EU, the political angele of investment will also diminish.
UK economy is far better than Greece and Spain. But economy of Italy is more robust that UK as it has trade surplus. Italy is not taking loans from others. However, Italian economy is growing slow. UK economy, on the other hand is living on loans
Economy never motivates people as much as identity. It is only natural. Economy is only a means to an end, not the end itself. Hence it is inappropriate to simply give the Brexit an economic angle.
We give the EU money, not the other way around, we are also a net lender to EU countries in the so-called Greek bailout. We pay for the rise in the standard of living in Eastern block countries.
Look at Italy's debt and deficit. All Eurozone countries are reliant on the ECB, we have our own central bank.
I don't, I give it both an economic, social and sovereignty angle.