Current Affairs EU In or Out

[Joey66]

We have a trade deficit though Pete, so import more than we export. Therefore a devalued pound is bad for us.

That's why manufacturing exports are highest for 25 years!

 

[The Esk]

The devaluation actually helps us to sell more but it depends on what contracts, prices and currencies are in place . It obviously affects an individual going to Europe and spending money, but also means that we think twice before going there, meanwhile Uk tourism is increasing. German goods, cars, trains, White goods etc, may get more expensive, which again then allows UK based companies to sell more, it's all swings and roundabouts. The BoE wanted the £ to be devalued and Brexit gave it what it wanted.

I'm sure you must have bunked off half of your economics lessons - commodity prices are usually $ denominated, and as a result producer output prices rise, for example by 0.8% last month alone in the UK. That means margins are being squeezed, not good for corporate UK nor the Chancellor.

 

[Foot Long Hot Dog]

I'm sure you must have bunked off half of your economics lessons - commodity prices are usually $ denominated, and as a result producer output prices rise, for example by 0.8% last month alone in the UK. That means margins are being squeezed, not good for corporate UK nor the Chancellor.

There's always a lag with inflation as well, so whilst there was less than a 1% increase in inflation, imported raw materials had increased by 7.6%, so the difference is currently coming out of the manufacturers margin.

 

[Foot Long Hot Dog]

......the absolute tosh that the remainers came out with and continue to peddle is quite disgraceful......oh and once again the unemployment figures show that the UK is growing while the Eu contracts......

Newsflash: We're still in the EU Pete, nothing has changed as we've not done anything yet, apart from have a vox pox poll back in June.

"I'll action article 50 the day after the referendum" - David Cameron

 

[Joey66]

Newsflash: We're still in the EU Pete, nothing has changed as we've not done anything yet, apart from have a vox pox poll back in June.

"I'll action article 50 the day after the referendum" - David Cameron

Billy liars gone left a mess but gone!

 

[Foot Long Hot Dog]

Billy liars gone left a mess but gone!

May wants to volley "Brexit means Brexit" into the long grass.

Davis and Fox are a pair of clueless blurts who are giving it large about how the UK would be "Ok with tariffs" when the reality is that they know we'd be royally goosed with tariffs for a whole host of reasons, not least our long term attractiveness to global business looking for a European manufacturing base to feed the European market. It's nothing more than bluster to give the impression that we've actually got a negotiating position that's one of strength, when the reality is, we need access to the free market and the only way we're ever going to get it, is to retain free movement. They know, the EU knows it, we bleeding know it. The whole thing is absolute cobblers, and he's going to come back from Brussels with a bloody nose.

 

[roydo]

Apparently we have signed a trade agreement with Argentina.

Not a clue about any details.

 

[roydo]

Well not exactly a trade agreement. Soz.

http://www.bbc.co.uk/news/world-latin-america-37362973

 

[Joey66]

May wants to volley "Brexit means Brexit" into the long grass.

Davis and Fox are a pair of clueless blurts who are giving it large about how the UK would be "Ok with tariffs" when the reality is that they know we'd be royally goosed with tariffs for a whole host of reasons, not least our long term attractiveness to global business looking for a European manufacturing base to feed the European market. It's nothing more than bluster to give the impression that we've actually got a negotiating position that's one of strength, when the reality is, we need access to the free market and the only way we're ever going to get it, is to retain free movement. They know, the EU knows it, we bleeding know it. The whole thing is absolute cobblers, and he's going to come back from Brussels with a bloody nose.

Is your nose bleeding after that rant?lol

 

[Bruce Wayne]

May wants to volley "Brexit means Brexit" into the long grass.

Davis and Fox are a pair of clueless blurts who are giving it large about how the UK would be "Ok with tariffs" when the reality is that they know we'd be royally goosed with tariffs for a whole host of reasons, not least our long term attractiveness to global business looking for a European manufacturing base to feed the European market. It's nothing more than bluster to give the impression that we've actually got a negotiating position that's one of strength, when the reality is, we need access to the free market and the only way we're ever going to get it, is to retain free movement. They know, the EU knows it, we bleeding know it. The whole thing is absolute cobblers, and he's going to come back from Brussels with a bloody nose.

Might be a good idea for 'leavers' to swot up on the Interlaken agreement as those principles have bound the EUs negotiations with every non-EU body in the past 30 years.

http://pure.qub.ac.uk/portal/en/pub...a98f-ef9b-4773-91c9-a4e2dc871c8f)/export.html

There are three in total. The first is that in developing relations with non-member states the EU will always prioritise its own internal integration. The EU’s interests come first.

The second is that the EU will always safeguard its own decision-making autonomy. In other words, involvement in the EU’s institutions – such as the European Parliament, the Council or the Commission – and decision-making processes is reserved for member states and member states alone. Non-member states have no say even if they are obliged to implement the EU’s decision

The third principle is that any relationship must be based on “a balance of benefits and obligations”. It is not for the non-member state to choose only those aspects of EU integration it likes. Relationships have to involve a balance. And, in practice, that balance is generally tipped very much towards the EU’s interests.

 

[Dymak]

Might be a good idea for 'leavers' to swot up on the Interlaken agreement as those principles have bound the EUs negotiations with every non-EU body in the past 30 years.

http://pure.qub.ac.uk/portal/en/pub...a98f-ef9b-4773-91c9-a4e2dc871c8f)/export.html

There are three in total. The first is that in developing relations with non-member states the EU will always prioritise its own internal integration. The EU’s interests come first.

The second is that the EU will always safeguard its own decision-making autonomy. In other words, involvement in the EU’s institutions – such as the European Parliament, the Council or the Commission – and decision-making processes is reserved for member states and member states alone. Non-member states have no say even if they are obliged to implement the EU’s decision

The third principle is that any relationship must be based on “a balance of benefits and obligations”. It is not for the non-member state to choose only those aspects of EU integration it likes. Relationships have to involve a balance. And, in practice, that balance is generally tipped very much towards the EU’s interests.

I can't be arsed doing any swotting up, but having read what you have written your reference relates to the EU agreeing to do what is in their best interests, as you would expect them to. But that doesn't mean they will always get what they want, they are going to have to negotiate with Britain. Britain will not be under any obligation to accept what the EU wants and vice-versa for the EU. They will have to negotiate.

 

[Foot Long Hot Dog]

I can't be arsed doing any swotting up, but having read what you have written your reference relates to the EU agreeing to do what is in their best interests, as you would expect them to. But that doesn't mean they will always get what they want, they are going to have to negotiate with Britain. Britain will not be under any obligation to accept what the EU wants and vice-versa for the EU. They will have to negotiate.

Only they don't.

They aren't the ones who are leaving the collective trade agreement. If the UK doesn't reach agreement within 2 years we'll go to WTO tariffs. The idea that the EU will be cowering in their boots at that prospect is laughable, we're going into these negotiations 'all in' with a pair of bleeding 2's.

 

[jaycee]

Seeing as there are still ongoing agreements/contracts betweeb British and Euro companies I cant see any logic behind the better/ worse position arguments,when or if the vote come to full fruition chances are any effects wont be noticed for 5/10 years

 

[Ruairi77]

The city don't want to leave, the majority of parliament don't want to leave, this state of inaction will be prolonged until the next general election at the earliest. In the mean time market uncertainty will creep up slowly. What ever your opinion on the final outcome, it must be fairly clear that the status quo isn't good for economic growth.

 

[Dymak]

Only they don't.

They aren't the ones who are leaving the collective trade agreement. If the UK doesn't reach agreement within 2 years we'll go to WTO tariffs. The idea that the EU will be cowering in their boots at that prospect is laughable, we're going into these negotiations 'all in' with a pair of bleeding 2's.

They will have to negotiate if they want a trade deal with the UK. Brinkmanship will take place on both sides, but you seem convinced that they will have no problem in bullying us into accepting anything they want. I disagree, I believe the negotiations will be complex and will not just consist of the EU telling us what is going to happen. We aren't obliged to accept anything that they demand, and neither are they. Negotiations will have to take place.