Current Affairs EU In or Out

In or Out

  • In

    Votes: 688 67.9%

  • Out

    Votes: 325 32.1%
  • Total voters
    1,013
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Gwladysstreetlad said:
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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I'm not looking to blame anyone for the referendum result. I voted Leave and will have to live or die by my decision.
 
rascal said:
Good for you. However you've not grasped the point. Never mind, a beer is waiting for you in the fridge I'm sure.
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I don't drink beer at home. I go out and meet people. I'm not having a go at you really, but I cannot understand why you would have so much hostility to those who have retired overseas (of which I am not one)..........
 
peteblue said:
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.......
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As the UK imports more than it exports to the EU the UK would get more in tariffs. As goods would cost more it would be up to the people importing a particular good or service whether they pass on this to the customer or absorb it and make less profit. Of course the same applies to the EU.

The problem is, with what type of goods and service the UK provides to the EU and what goods and services the EU provides with the UK will determine the level of tariffs and the potential for inflation to increase.

As EU goods would cost more people may look for alternatives. For example VW and Audi cars, they may switch to UK made cars. But considering, for example German cars are a brand that may not happen. But UK made cars will be dearer on the continent. It would depend how much of a brand UK cars are, as to whether Europeans would keep buying them when the cost may rise.

Imported food and drink would be more expensive as would food exported from the UK. In the supermarket on the continent there would be a choice, more expensive UK food or EU food. The food imported into the UK will also be more expensive. But it would depend on whether there is a particular taste for say French cheese for a customer to continue buying it. Top of the range food can more often that not shoulder a rise in price. Like Welsh lamb but there is a New Zealand alternative - which sells extremely well in Europe.

The reason why there are trade agreements - for instance EU Free Trade Agreements with Commonwealth countries - is to not increase the price of goods through tariffs. It is not straight forward that because a country trades more with say Europe, they would gain with tariffs. There may be lost export trade as a result. Of course the same applies to Europe.

The Germans would not allow a tariff trade war between Europe and the UK in manufactured goods. But with the financial sector that is a different matter. As Frankfurt and Paris are already plotting against the City of London - the mainstay of the UK economy. In part shown by Carney's latest bank relaxation of money held.
 
hullefc said:
As the UK imports more than it exports to the EU the UK would get more in tariffs. As goods would cost more it would be up to the people importing a particular good or service whether they pass on this to the customer or absorb it and make less profit. Of course the same applies to the EU.

The problem is, with what type of goods and service the UK provides to the EU and what goods and services the EU provides with the UK will determine the level of tariffs and the potential for inflation to increase.

As EU goods would cost more people may look for alternatives. For example VW and Audi cars, they may switch to UK made cars. But considering, for example German cars are a brand that may not happen. But UK made cars will be dearer on the continent. It would depend how much of a brand UK cars are, as to whether Europeans would keep buying them when the cost may rise.

Imported food and drink would be more expensive as would food exported from the UK. In the supermarket on the continent there would be a choice more expensive UK food or EU food. The food imported into the UK will also be more expensive. But it would depend on whether there is a particular taste for say French cheese for a customer to continue buying it. Top of the range food can more often that not shoulder a rise in price. Like Welsh lamb but there is a New Zealand alternative - which sells extremely well in Europe.

The reason why there are trade agreements - for instance EU Free Trade Agreements with Commonwealth countries - is to not increase the price of goods through tariffs. It is not straight forward that because a country trades more with say Europe, they would gain with tariffs. There may be lost export trade as a result. Of course the same applies to Europe.

The Germans would not allow a tariff trade war between Europe and the UK in manufactured goods. But with the financial sector that is a different matter. As Frankfurt and Paris are already plotting against the City of London - the mainstay of the UK economy.
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So we agree that the idea of the Eu just slapping tariffs on is not going to happen as it works both ways. It is in no ones interest to mess up a trade agreement, and we have just as much, if not more, power in any negotiations. Let's just be honest, and and stop doom mongering, and set out our stall and negotiate........

Oh and the city has been around for a while and knows how to defend itself. I would be more worried for Paris and Frankfurt........
 
Gwladysstreetlad said:
And those reasons are? I don't have to ask myself that question pal, my wife would kill me either way!
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Because of the higher taxes we will be paying due to the huge pension black hole forever getting deeper skewing the welfare state. (Pension Age needs to be amended to something much more realistic in the modern age as a matter of urgency) Because of intergenerational inequality being a living reality. You've created the biggest deficit of all, and we'll be paying for it for the rest of our lives. You've bought up all the property and have put even a small sized house out of reach for those even on a medium income. You've had the best living standards of anyone before and in all likelihood after, but are seemingly oblivious to your excessive nature as you continue to pull up the drawbridge for those behind you.
 
peteblue said:
So we agree that the idea of the Eu just slapping tariffs on is not going to happen as it works both ways. It is in no ones interest to mess up a trade agreement, and we have just as much, if not more, power in any negotiations. Let's just be honest, and and stop doom mongering, and set out our stall and negotiate........
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The EU will put tariffs on the UK unless they get a Norway Free Trade Agreement with free movement of labour. It depends whether the UK wants to put tariffs on EU goods if it decides that trade without free movement is the option. The UK has 'more power in any negotiations'. Well we will see.

The UK doesn't want to get into an argument with Europe as its Achilles heel is the financial sector. Goods - manufactured, food, drinks etc will look after themselves, tariffs or no tariffs. Free movement of people or no free movement of people.

But the financial sector is another matter. The UK always blocked the EU's attempts to impose a transaction tax of finance. Outside the EU, the UK will not be in that position. Hence why the City of London was against leaving the EU. Frankfurt and now Paris are rubbing their hands at the prospect of taking trade from the City of London. The EU could buy pounds and push up the price of the pound and lower the price of the Euro. That would then push up the cost of UK exported goods and services with the price of imports falling and lowering inflation. But lower exports could mean job loses. The UK could take reciprocal action but doesn't have the financial muscle to get into a currency war with the EU.

It is not doom mongering to point out that UK trade and financial service may/would suffer. The UK is attempting to set out its stall now, as the debate over trade and free movement of labour shows.

Edit.I work in a Care home and the hoist is German made. The hand held mechanism has broken and is not working. The suppliers of the hoist have had to send over to Germany for a replacement. If tariffs are put on they will still have to import it because there is no UK firms that makes the same hoist. Of course they could replace it with a UK made hoist but as the person said who came to fix the hoist, 'there isn't a UK firm that makes the same type of hoist'.
 
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hullefc said:
The UK has 'more power in any negotiations'. Well we will see.
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The UK would be wrong to assume that it could dictate terms in any negotiation with the EU. As a result of leaving the single market, the impact of reduced EU demand for UK products on UK GDP is far greater than the impact of reduced UK demand for EU products on the EU GDP. Also the fact that we don't have a leader or seemingly a plan for what we are trying to negotiate for is concerning.

peteblue said:
Oh and the city has been around for a while and knows how to defend itself. I would be more worried for Paris and Frankfurt........
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Seems like they are preparing to leave rather than defend. The vultures are circling.
 
hullefc said:
The EU will put tariffs on the UK unless they get a Norway Free Trade Agreement with free movement of labour. It depends whether the UK wants to put tariffs on EU goods if it decides that trade without free movement is the option. The UK has 'more power in any negotiations'. Well we will see.

The UK doesn't want to get into an argument with Europe as its Achilles heel is the financial sector. Goods - manufactured, food, drinks etc will look after themselves, tariffs or no tariffs. Free movement of people or no free movement of people.

But the financial sector is another matter. The UK always blocked the EU's attempts to impose a transaction tax of finance. Outside the EU, the UK will not be in that position. Hence why the City of London was against leaving the EU. Frankfurt and now Paris are rubbing their hands at the prospect of taking trade from the City of London. The EU could buy pounds and push up the price of the pound and lower the price of the Euro. That would then push up the cost of UK exported goods and services with the price of imports falling and lowering inflation. But lower exports could mean job loses. The UK could take reciprocal action but doesn't have the financial muscle to get into a currency war with the EU.

It is not doom mongering to point out that UK trade and financial service may/would suffer. The UK is attempting to set out its stall now, as the debate over trade and free movement of labour shows.

Edit.I work in a Care home and the hoist is German made. The hand held mechanism has broken and is not working. The suppliers of the hoist have had to send over to Germany for a replacement. If tariffs are put on they will still have to import it because there is no UK firms that makes the same hoist. Of course they could replace it with a UK made hoist but as the person said who came to fix the hoist, 'there isn't a UK firm that makes the same type of hoist'.
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Sounds like an opportunity for a Uk firm to make these hoists then doesn't it......
 
bobbydigital said:
The UK would be wrong to assume that it could dictate terms in any negotiation with the EU. As a result of leaving the single market, the impact of reduced EU demand for UK products on UK GDP is far greater than the impact of reduced UK demand for EU products on the EU GDP. Also the fact that we don't have a leader or seemingly a plan for what we are trying to negotiate for is concerning.



Seems like they are preparing to leave rather than defend. The vultures are circling.
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We may as well just pack in then mate. Oh no wait, even if all our trade to the EU went away we still only lose 9% of GDP, a big number I grant you, but Germany will be devastated to lose it's 50Bn trade surplus with us, but let's pretend that it's only us that suffers eh...

Of course its going to be a tough negotiation, but so many on here are willing to just throw in the towel and surrender it really makes me wonder if we do have a future. Ffs get a grip and stop moaning........
 
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