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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Toffeelover said:
Answer the question, do we have a trade deficit with EU, Yes or NOThe answer is clearly yes, a country of 60 million has a trading deficit with a trading block
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The statement you put was "who has more to lose'. In cash terms the EU. In terms of the effect on the economy it is the UK.

Do you think we have such excess capacity in our economy to make good the requirement of goods from the EU? We don't - all that would happen is that we would import from somewhere else.

Much if our trade deficit is as a result of tge lack of investment in manufacturing and other industries overy many years. We could not maintain our economy without importing goods from the EU or somewhere else.
 
The Esk said:
Much if our trade deficit is as a result of tge lack of investment in manufacturing and other industries overy many years. We could not maintain our economy without importing goods from the EU or somewhere else.
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Slightly tangential, but maybe ARM are indicative of our direction in manufacturing these days? They're the only bright spot in an otherwise awful investing career, as I've had shares in them since the late 90s, but they've remained over all of those years a knowledge company rather than manufacturers in the way AMD, Intel and the like are.

It's unlikely that we'll ever have a Foxconn type company in the UK again, for instance, but there are some interesting smaller companies out there in this sector. Oxbotica are an interesting spin-out from Oxford, for instance, whilst I still remain hopeful that we will lead the way in Graphene related manufacturing.

The problem with these things though is that they aren't jobs you can do straight out of school with no qualifications, which I suspect is what many people see when they think of our decline in manufacturing. After all, we are still the 11th biggest manufacturing economy in the world, it's just we won't ever be able to compete with the Foxconns of this world (and quite probably we wouldn't want to try - certainly not on their terms).
 
peteblue said:
This has been answered further up the page. We DO have a trade deficit with the EU, all of this 'it's hurts us more than them' rubbish is just playing around the edges. Deals will be done and if not then many countries will feel a lot of pain, Germany and ourselves included......
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Yes Pete but by quoting %s they are implying we export more than we import from the EU.
 
The Esk said:
The statement you put was "who has more to lose'. In cash terms the EU. In terms of the effect on the economy it is the UK.

Do you think we have such excess capacity in our economy to make good the requirement of goods from the EU? We don't - all that would happen is that we would import from somewhere else.

Much if our trade deficit is as a result of tge lack of investment in manufacturing and other industries overy many years. We could not maintain our economy without importing goods from the EU or somewhere else.
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So we leave the EU and import goods from somewhere else. You solved the problem.

As for investment there has been a lack no question and also some takeovers should have been blocked. From an ordinary person's point of view too many folk are worried about there property portfolio, share portfolio. Rich folk worried about being a wee bit poorer. They could not give a toss for the 99% of the population who are just ordinary folk.
 
Toffeelover said:
Yes Pete but by quoting %s they are implying we export more than we import from the EU.
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I know, but tbh it's a sterile argument. There is no way on earth that Germany will allow anything to get in the way of it's exports to the UK nor of its UK German owned companies exports to the EU. It isn't going to happen. Deals will be done and meanwhile we will be gearing up to take advantage of additional deals when we are finally free of the EU and the 28, now 27 country compromises......
 
Toffeelover said:
So we leave the EU and import goods from somewhere else. You solved the problem.

As for investment there has been a lack no question and also some takeovers should have been blocked. From an ordinary person's point of view too many folk are worried about there property portfolio, share portfolio. Rich folk worried about being a wee bit poorer. They could not give a toss for the 99% of the population who are just ordinary folk.
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Indeed. And many of those imports will actually be cheaper. Every country has to import, no one is self sufficient.

Industrial investment may also benefit by UK companies gaining more UK infrastructure contracts. At the moment they have to go EU wide for competition.

Things will be different, some things we will lose, and some we will gain. Economically I believe we will gain, and politically and without this Brussels fiasco we will definitely gain.......
 
peteblue said:
This has been answered further up the page. We DO have a trade deficit with the EU, all of this 'it's hurts us more than them' rubbish is just playing around the edges. Deals will be done and if not then many countries will feel a lot of pain, Germany and ourselves included......
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It's not "rubbish" though is it, is a point that's been made many times over and has been met with insults and half truths.
 
joey_macmo said:
It's not "rubbish" though is it, is a point that's been made many times over and has been met with insults and half truths.
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What point do you wish to make......yes, we all agree that comparing the % of a smaller number with the % of a bigger number gives a certain impression, but so what. The absolute numbers show that the EU sells more to us than we do to it...so what point do you wish to make........
 
peteblue said:
What point do you wish to make......yes, we all agree that comparing the % of a smaller number with the % of a bigger number gives a certain impression, but so what. The absolute numbers show that the EU sells more to us than we do to it...so what point do you wish to make........
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Unless I have missed something, thats a rather odd way of looking at it.

Like I am pretty sure the US sells more to say, Jamaica, than Jamaica sells to the US. But if the US made buying Jamaican bananas more expensive, that would probably hurt Jamaica more than it would hurt the US.

Now we are not a Jamaica, obvs, but the analogy is a sound one. I think.
 
joey_macmo said:
Your quote was "who has more to lose"

Percentages are the correct measurement in relation to your post.
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Is that it then, you beat him, lets use percentages, you won the Internet.... Meanwhile the decision has been made, we will exit the EU, and Germany will do a deal with the UK.........because we are their second largest most important country when it comes to trade surplus, just a couple of Billion less than the USA and way ahead of any other country....or would you like that in percentages......
 
peteblue said:
Is that it then, you beat him, lets use percentages, you won the Internet.... Meanwhile the decision has been made, we will exit the EU, and Germany will do a deal with the UK.........because we are their second largest most important country when it comes to trade surplus, just a couple of Billion less than the USA and way ahead of any other country....or would you like that in percentages......
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Can Germany do a unilateral trade deal with the UK being outside the EU? Wouldnt it have to be an EU deal?

Honest question, I havnt actually thought about it till now.
 
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