Current Affairs EU In or Out

In or Out

  • In

    Votes: 688 67.9%

  • Out

    Votes: 325 32.1%
  • Total voters
    1,013
Status
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hullefc said:
Customs/tariffs are already imposed on goods coming from outside the EU into the UK. It is called Traditional Own Resources (TOR). It is one ofthe reasons firms locate inside the EU so as not to pay a tariff/custom duty. The UK collects £3.2 billion and sends £2.4 billion (75%) to the EU and keeps £800 million (25%) for administration, this goes into the government coffers. The problem will be if the UK has to pay tariffs to the EU - probably not depending on negotiations. But by leaving the EU, it could mean imports are cheaper if the UK does away with the tariffs on imported goods. But that would depend on trade negotiations with other countries. Which many of the countries in the world, including the commonwealth, already have with the UK through EU Free Trade Agreements.
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I see what you are saying but it assumes that we will not have to pay tariffs to the EU to retain access to the EU single market as you mention. I don't see how this can be retained without accepting freedom of movement which will be hard to accept in negotiations as ending freedom of movement was the key platform of the leave campaign. If this access is not maintained in the specific situation mentioned earlier with the company sourcing materials from Germany and Austria, the cost of the imported materials will increase.

Trade negotiations with countries outside the EU are not going to be instantaneous and will involve making concessions that will alter the make up of the economy. Also by leaving the EU we would revert to WTO rules on the FTAs with countries outside the EU, although there really isn't that many in place that are completed (including with commonwealth countries). This of course gives us the opportunity to negotiate our own agreements bi-laterally rather than multi-laterally (a definite benefit of leaving), I just think this is going to take quite a long time and the damage while this is taking place will be hard to keep under control.
 
bobbydigital said:
I see what you are saying but it assumes that we will not have to pay tariffs to the EU to retain access to the EU single market as you mention. I don't see how this can be retained without accepting freedom of movement which will be hard to accept in negotiations as ending freedom of movement was the key platform of the leave campaign. If this access is not maintained in the specific situation mentioned earlier with the company sourcing materials from Germany and Austria, the cost of the imported materials will increase.

Trade negotiations with countries outside the EU are not going to be instantaneous and will involve making concessions that will alter the make up of the economy. Also by leaving the EU we would revert to WTO rules on the FTAs with countries outside the EU, although there really isn't that many in place that are completed (including with commonwealth countries). This of course gives us the opportunity to negotiate our own agreements bi-laterally rather than multi-laterally (a definite benefit of leaving), I just think this is going to take quite a long time and the damage while this is taking place will be hard to keep under control.
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That is the crux of the matter. It depends whether those inside the EU will allow the UK to have special treatment - no tariffs and no free movement of labour. If the UK negotiate a Free Trade Agreement with the EU - similar to what the commonwealth countries have - tariffs will still be imposed.

The vote 'to leave' will have to be 'honoured' in some form or other without seeming to allow free movement of labour. An extremely difficult task.

What a lot of this shows, in particular in relation to currencies, is why the Germans pushed for a single currency in the EU, so their trade would not be affected by currency fluctuations brought about by devaluation.
 
hullefc said:
That is the crux of the matter. It depends whether those inside the EU will allow the UK to have special treatment - no tariffs and no free movement of labour. If the UK negotiate a Free Trade Agreement with the EU - similar to what the commonwealth countries have - tariffs will still be imposed.

The vote 'to leave' will have to be 'honoured' in some form or other without seeming to allow free movement of labour. An extremely difficult task.

What a lot of this shows, in particular in relation to currencies, is why the Germans pushed for a single currency in the EU, so their trade would not be affected by currency fluctuations brought about by devaluation.
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It is definitely going to be some kind of negotiating process.

I found this summary linked below which details the forecasted economic consequences considering the different approaches available in terms of our relationship with the EU to be quite a good read.

https://www.cer.org.uk/publications...leaving-eu-final-report-cer-commission-brexit

It also has the full report at the bottom if you really have a lot of time on your hands haha.
 
bobbydigital said:
It is definitely going to be some kind of negotiating process.

I found this summary linked below which details the forecasted economic consequences considering the different approaches available in terms of our relationship with the EU to be quite a good read.

https://www.cer.org.uk/publications...leaving-eu-final-report-cer-commission-brexit

It also has the full report at the bottom if you really have a lot of time on your hands haha.
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Will read it but going to watch Wales now.
 
hullefc said:
That is the crux of the matter. It depends whether those inside the EU will allow the UK to have special treatment - no tariffs and no free movement of labour. If the UK negotiate a Free Trade Agreement with the EU - similar to what the commonwealth countries have - tariffs will still be imposed.

The vote 'to leave' will have to be 'honoured' in some form or other without seeming to allow free movement of labour. An extremely difficult task.

What a lot of this shows, in particular in relation to currencies, is why the Germans pushed for a single currency in the EU, so their trade would not be affected by currency fluctuations brought about by devaluation.
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Which bit of tariffs are applied by both sides do you not understand. Why do you all keep portraying tariffs as something that the EU does to the UK without reciprocity. Again, the EU sells more to us than we do to them. If we all put tariffs on, the UK will actually gain. This is not a one way street.......
 
rascal said:
I have no sympathy for The Me Generation. They can all catch a cold for all I care.
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Again, I hope you never get old with kids like you around. This Me generation you speak of rebuilt the country after the war, paid their taxes, fought other wars and built up the standard of living that you now enjoy, or did you think all the kids did it.......
 
peteblue said:
Again, I hope you never get old with kids like you around. This Me generation you speak of rebuilt the country after the war, paid their taxes, fought other wars and built up the standard of living that you now enjoy, or did you think all the kids did it.......
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I am eternally grateful to the Greatest Generation.
 
rascal said:
I am eternally grateful to the Greatest Generation.
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I am as well mate, those that fought in WW1 and WW2.....they were the greatest generations, those of us who enjoyed the peace, rebuilt this country and generated wealth just cannot compare. Those who just enjoy this country and the wealth we created have yet to contribute.......
 
peteblue said:
I am as well mate, those that fought in WW1 and WW2.....they were the greatest generations, those of us who enjoyed the peace, rebuilt this country and generated wealth just cannot compare. Those who just enjoy this country and the wealth we created have yet to contribute.......
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There's a reason why kids get on better with their grandparents than their parents.
 
rascal said:
I have no sympathy for The Me Generation. They can all catch a cold for all I care.
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Because the younger generation are so on the ball and with it aren't they?! That's why they chose on mass to not even bother to vote the absolute clowns! Get over yourself, if you want to blame anyone it should be the 64% absolute cretins who either decided not to vote or were to stupid to actually know the vote was taking place.
 
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