Current Affairs EU In or Out

[peteblue]

The French are the only major players milartary wise, so likely them?

The French always wanted to head this up and will undoubtedly do so. Obviously Germany may want one of their own but politically that would be very difficult initially.....

 

[Joey66]

Not good for the repayment of £1.6 trillion debt (over £4 trillion if you factor in pension shortfalls) either.

Yes I forgot the pension black hole the ones Gordon Brown Tampered with!
every country has debt even the great USA!

 

[hullefc]

Or outside the EU we could have stopped China dumping steel on us but hey ho the tariff we had to abide too was the EUs paltry 12 % where the USA put a 50% tariff on steel to stop dumping by China -
Exactly why a good reason to leave the EU and its crap policies we will get our independence back!

The Tories refused to put tariffs on Chinese steel because they constantly go to China with their begging bowl for investment, including, the £1 billion investment in Manchester. May got a ticking off from the Chinese at the G20 about Hinkley point and on her return immediately did a u-turn on Chinese involvement. If the UK put anti WTO tariffs on Chinese steel, like the US does, then there would be repercussions from the Chinese regarding investment.

Due to tariffs on steel imports, US steel prices have gone up but with side effects.

"New tariffs on imports are boosting steel prices in the U.S., offering a lifeline to beleaguered American steelmakers but raising costs for manufacturers of goods ranging from oil pipes to factory equipment to cars". Which is why US manufacturers are lobbying against tariffs. Take from Peter to pay for Paul. The same would happen in the UK, impose tariffs or the quantity imported and the price will rise.

 

[peteblue]

Will be interesting to see how Britain copes.

We should be getting a lot of demand for exports now as the pound is ridiculously low. Not good for imports though.

It will be very interesting. No one, repeat no one, knows what will really happen, we can all have a guess based on our understanding and experiences, but all the so called experts haven't got a clue really. We will work our way through it and adapt to make it work for us, just as we always have done.......

 

[Joey66]

The Tories refused to put tariffs on Chinese steel because they constantly go to China with their begging bowl for investment, including, the £1 billion investment in Manchester. May got a ticking off from the Chinese at the G20 about Hinkley point and on her return immediately did a u-turn on Chinese involvement. If the UK put anti WTO tariffs on Chinese steel, like the US does, then there would be repercussions from the Chinese regarding investment.

Due to tariffs on steel imports, US steel prices have gone up but with side effects.

"New tariffs on imports are boosting steel prices in the U.S., offering a lifeline to beleaguered American steelmakers but raising costs for manufacturers of goods ranging from oil pipes to factory equipment to cars". Which is why US manufacturers are lobbying against tariffs. Take from Peter to pay for Paul. The same would happen in the UK, impose tariffs or the quantity imported and the price will rise.

The EU put the tariffs on we had to abide by them the glory of being in a crap union!

 

[Joey66]

The Tories refused to put tariffs on Chinese steel because they constantly go to China with their begging bowl for investment, including, the £1 billion investment in Manchester. May got a ticking off from the Chinese at the G20 about Hinkley point and on her return immediately did a u-turn on Chinese involvement. If the UK put anti WTO tariffs on Chinese steel, like the US does, then there would be repercussions from the Chinese regarding investment.

Due to tariffs on steel imports, US steel prices have gone up but with side effects.

"New tariffs on imports are boosting steel prices in the U.S., offering a lifeline to beleaguered American steelmakers but raising costs for manufacturers of goods ranging from oil pipes to factory equipment to cars". Which is why US manufacturers are lobbying against tariffs. Take from Peter to pay for Paul. The same would happen in the UK, impose tariffs or the quantity imported and the price will rise.

so will UK jobs too!

 

[hullefc]

The EU put the tariffs on we had to abide by them the glory of being in a crap union!

"The Government has been accused of “failing to protect” British steel by blocking EU plans to impose tougher sanctions on “aggressive” Chinese steel dumping while the industry stands on the brink of collapse.

EU Council working party papers seen show the UK is one of 14 countries that, as early as 2014, were seeking to block the EU from axing the so-called “lesser duty” rule, which could allow increased tariffs to be placed on cheap imports".

The EU wanted to put higher duties on Chinese steel - that may have helped the UK steel industry - but were blocked by the UK government. I wouldn't trust the competency of this government in any trade negotiations, if/or when the UK leaves the EU and has to sort out its own trade arrangements.

 

[Joey66]

2016 March the eu backed down on tariffs to hurt our steel industry google that!

 

[peteblue]

"The Government has been accused of “failing to protect” British steel by blocking EU plans to impose tougher sanctions on “aggressive” Chinese steel dumping while the industry stands on the brink of collapse.

EU Council working party papers seen show the UK is one of 14 countries that, as early as 2014, were seeking to block the EU from axing the so-called “lesser duty” rule, which could allow increased tariffs to be placed on cheap imports".

The EU wanted to put higher duties on Chinese steel - that may have helped the UK steel industry - but were blocked by the UK government. I wouldn't trust the competency of this government in any trade negotiations, if/or when the UK leaves the EU and has to sort out its own trade arrangements.

Whatever the Uk wanted in respect of these tariffs will, I am sure, have taken consideration of the wider Uk economy, in a similar way in which the fishing industry was shafted when entering the EEC....

I'm pretty sure that a country such as ours that has existed on trade for quite a long time will work out how to do so again.......

 

[davids]

Yes I forgot the pension black hole the ones Gordon Brown Tampered with!
every country has debt even the great USA!

Up by 50% under the Conservatives.
https://fullfact.org/economy/has-uks-debt-doubled/

 

[Joey66]

Up by 50% under the Conservatives.
https://fullfact.org/economy/has-uks-debt-doubled/

Look up who raided the NuM pension funds!

 

[Groucho]

The whole subject is still giving me a headache.

 

[Joey66]

The whole subject is still giving me a headache.

It's a big step into the unknown, but I hope after a bumpy exit the UK will prosper for the younger generation if we can start making things again in new technologies free of polictical EU dogma one can only hope as the people have voted out!
TBH after 43 of membership it's going to take time years in fact IMO!

 

[davids]

Look up who raided the NuM pension funds!

The £2 Trillion plus will include many pension funds and no doubt Mr Brown's raid on the NuM was a contributory factor.But there have been plenty of others with their fingers in the pie.Record Govt borrowing has not helped at all.This makes interesting reading.Just a short overview piece.
http://www.havingtheircake.com/cont... Short history of UK Pensions and Savings.php

 

[Foot Long Hot Dog]

It's a big step into the unknown, but I hope after a bumpy exit the UK will prosper for the younger generation if we can start making things again in new technologies free of polictical EU dogma one can only hope as the people have voted out!
TBH after 43 of membership it's going to take time years in fact IMO!

Joey, not being funny, but what does that actually mean?

Most of our current R&D budget in our Universities and funding for science and technology innovation comes from the EU.

We'll never be able to export to the EU if our products don't conform anyway