Current Affairs EU In or Out

[Bruce Wayne]

Bruce why would the EU put tariffs on us when we import more from them than we export?
ie we would put tariffs on their goods and be in the money up to 4 billion per year,
so tariffs is a non starter for them as why would an organisation punish itself - DOH I forgot its the idiotic EU parliament, and it upper house unelected with the power silly me!
Thank goodness we will get out and yes it a bumpy road yes May is correct she will not wait for 27 countries to all vote on one negotiation we put forwards all of them have to agree remember!
That would take an age hence the other countries being awkward its up to them we can make our own way in the world - they need us more than we need them they are in an institution in dire trouble financially printing euros - many of them don't even like us their attitude towards us on brexit proves what bully boys they are!
My wife an I were in homes and Bargain yesterday and the item I wanted was not there a young whipper snapper of a lad told me to try the EU eco friendly alternative- I gave him the facts on VAT to purchase tax before we joined he was gobsmacked then as we walked down the other isle he an a older co worker were having a bras debate I laughed to myself , and thought gosh it's like the GOTlol

On this, hopefully we won't, but we have to be realistic about the context we're in. Only last week Hungary had a vote on restricting free movement, and Austria has also made mumblings to that effect. It seems very unlikely that Britain will be given free market access without accepting free movement.

On a related note, as you rightly say, we import much more than we export, so remind me again why a weak pound is a good thing?

 

[peteblue]

On this, hopefully we won't, but we have to be realistic about the context we're in. Only last week Hungary had a vote on restricting free movement, and Austria has also made mumblings to that effect. It seems very unlikely that Britain will be given free market access without accepting free movement.

On a related note, as you rightly say, we import much more than we export, so remind me again why a weak pound is a good thing?

Bruce, whatever trading arrangement we have will be the same for both sides, free, WTO or whatever. Uncontrolled movement of people is dead. That doesn't mean immigration is dead, it just means we will control it again, just like we did before we joined.

Some of us on here have lived long enough to have seen the value of the £ move in a variety of ways compared to other currencies and all that happens is that we re-adjust to either see imports or exports move up and down. As I've said before, the BoE wanted the £ to be devalued prior to the referendum, it aids exports and aids our own multinationals who trade in a variety of currencies (hence the FTSE movements).

All economies are moveable feasts, the ability to control them, as the USA and UK did regarding recapitalisation of the banks after 2008, give us the tools to do the job. It it noticeable that it is the European banks especially in Italy and Germany that are now in serious danger of going under. If you fancy a gamble, buy some Deutsche Bank shares....

 

[Joey66]

On this, hopefully we won't, but we have to be realistic about the context we're in. Only last week Hungary had a vote on restricting free movement, and Austria has also made mumblings to that effect. It seems very unlikely that Britain will be given free market access without accepting free movement.

On a related note, as you rightly say, we import much more than we export, so remind me again why a weak pound is a good thing?

It will help our exports, and investment into rebuild manufacturing with the EU red tape restriction being removed too it's going to be great - lets face it our £ was artificial held high anyway the markets will fluctuate what was it last month our trade was at a record high for 25 years due to the weakened £!
The stock market is booming so its swings an roundabouts can't see that cliff we were supposed to fall of the day after Brexit urm georgie porgie telling lies again!

 

[Bruce Wayne]

It will help our exports, and investment into rebuild manufacturing with the EU red tape restriction being removed too it's going to be great - lets face it our £ was artificial held high anyway the markets will fluctuate what was it last month our trade was at a record high for 25 years due to the weakened £!
The stock market is booming so its swings an roundabouts can't see that cliff we were supposed to fall of the day after Brexit urm georgie porgie telling lies again!

Do you not think the BoE printing a few billion quid and dropping interest rates to their lowest level in our history had a hand in that? You'd imagine neither of those decisions were especially desirable or they'd have been done before the referendum rather than after it.

 

[Bruce Wayne]

Bruce, whatever trading arrangement we have will be the same for both sides, free, WTO or whatever. Uncontrolled movement of people is dead. That doesn't mean immigration is dead, it just means we will control it again, just like we did before we joined.

Some of us on here have lived long enough to have seen the value of the £ move in a variety of ways compared to other currencies and all that happens is that we re-adjust to either see imports or exports move up and down. As I've said before, the BoE wanted the £ to be devalued prior to the referendum, it aids exports and aids our own multinationals who trade in a variety of currencies (hence the FTSE movements).

All economies are moveable feasts, the ability to control them, as the USA and UK did regarding recapitalisation of the banks after 2008, give us the tools to do the job. It it noticeable that it is the European banks especially in Italy and Germany that are now in serious danger of going under. If you fancy a gamble, buy some Deutsche Bank shares....

The tariffs may be equal, but the economies aren't. A loss of passporting, for instance, would hit our economy significantly more than it would any of those in the EU. I've asked this question to Joey as well and he didn't answer it, so maybe you'll be able to.

Regarding the 'control of immigration', we can already control immigration from non-EU countries, yet allow more into the country than we do via the open door to Europe. On what do you base your opinion that a government can in any way successfully manage the flow of people? (I'm ignoring the basic moral principle of why where we live is the business of any state whatsoever)

 

[Joey66]

Do you not think the BoE printing a few billion quid and dropping interest rates to their lowest level in our history had a hand in that? You'd imagine neither of those decisions were especially desirable or they'd have been done before the referendum rather than after it.

Can you tell me how many Euros have been printed to bail out the Spanish and Italian, and Greek Banks? remind me when do the EU audit their accounts?????????

 

[Bruce Wayne]

Can you tell me how many Euros have been printed to bail out the Spanish and Italian, and Greek Banks? remind me when do the EU audit their accounts?????????

It's rude to answer a question with a question Joe, especially when that question has no relation to the original one. I believe it's known in journalistic circles as question dodging

 

[Joey66]

It's rude to answer a question with a question Joe, especially when that question has no relation to the original one. I believe it's known in journalistic circles as question dodging

Well at least i
I never Googled it Brucelol

Its also a fact you dodged my question could you not google it just to see or do you know the answer is - it is already disastrous, just like the EU organisation really is?
we have been quantitive easing for an age Bruce!
It was not rude I am not a rude person - I googled it and its says Im ok
but it did say known to dodge the occasional answer lol

 

[Bruce Wayne]

Well at least i
I never Googled it Brucelol

Its also a fact you dodged my question could you not google it just to see or do you know the answer is - it is already disastrous, just like the EU organisation really is?
we have been quantitive easing for an age Bruce!
It was not rude I am not a rude person - I googled it and its says Im ok
but it did say known to dodge the occasional answer lol

You're a funny old bird mate, but you're our funny old bird

 

[peteblue]

The tariffs may be equal, but the economies aren't. A loss of passporting, for instance, would hit our economy significantly more than it would any of those in the EU. I've asked this question to Joey as well and he didn't answer it, so maybe you'll be able to.

Regarding the 'control of immigration', we can already control immigration from non-EU countries, yet allow more into the country than we do via the open door to Europe. On what do you base your opinion that a government can in any way successfully manage the flow of people? (I'm ignoring the basic moral principle of why where we live is the business of any state whatsoever)

The passporting issue is probably not the big issue everyone is trying to make out. The Uk has over 5000 companies who use this facility to trade across the EU, but similarly the EU has over 8000 companies who use this facility to trade with the UK, so again a deal will probably be done. Even if a deal is not done, which frankly would just be stupid, there are other mechanisms where trades can be done into the Eu providing you can show equivalency of regulatory frameworks and standards. The ratings agencies Fitch and Moody's have both determined that the loss of passporting is manageable and that due to Londons sheer size and the UK's determination for it to remain so means that UK and Foreign banks will continue operating from the UK. But just like every other issue that will be thrown up, it can be dealt with......

In terms of immigration we can control it just like any other Sovereign nation does, by refusing work permits, refusal at entry or deportation. Companies and Services requiring highly skilled people who may not be readily available will no doubt get an easy run, while those who deliberately target low skill workers from low pay countries in the EU when these skills are readily available will probably be rejected. The point is that it will be our decision.....

 

[Joey66]

You're a funny old bird mate, but you're our funny old bird lol

Hey don't be sexist mate, I no spring chicken thoughlol

My wife was in bulk when I caused a rumpus in Home and Bargains over the EU lecturing a young lad on purchase tax to 20% vat alls because he had no firelighter in stock and tried to sell me eco friendly shaved wood at 5 times the pricelol
I told him it would be better when we left the EU too!
Don't go out much you can see whylol
Not in very good health really!

 

[Bruce Wayne]

Hey don't be sexist mate, I no spring chicken thoughlol

My wife was in bulk when I caused a rumpus in Home and Bargains over the EU lecturing a young lad on purchase tax to 20% vat alls because he had no firelighter in stock and tried to sell me eco friendly shaved wood at 5 times the pricelol
I told him it would be better when we left the EU too!
Don't go out much you can see whylol
Not in very good health really!

I have absolutely no idea what being in bulk means. Is that a shop?

 

[Joey66]

I have absolutely no idea what being in bulk means. Is that a shop?

Google it bruce it means in fits of laughter -
a scouse saying -in bulk, laughing fit to burst.

 

[peteblue]

Do you not think the BoE printing a few billion quid and dropping interest rates to their lowest level in our history had a hand in that? You'd imagine neither of those decisions were especially desirable or they'd have been done before the referendum rather than after it.

It was very clever the way the USA and the UK did this hand in hand, step in step, so that it had almost no effect upon currency valuations. The EU of course sat back and sneered and now finds itself in a position where Germany basically told Italy it could not give state aid to it's banks, yet now finds itself in a bit of a quandary as to whether or not to bail out Deutsche Bank or to merge it with Commerzbank, ruining it's prudence reputation and showing Merkel up in the process. This is not a good situation for anyone, we have several thousand jobs at risk in their UK businesses, but shows how the EU rules are a disastrous one size fits all for totally differing economies.........

 

[peteblue]

I have absolutely no idea what being in bulk means. Is that a shop?

Hahahahahaha......in bulk here......