About sums up "Global Britain". A piss poor copy attempted on the cheap.
Current Affairs EU In or Out
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Zezti
Player Valuation: £70m
As intended, really. Them forens can't be seen to get better support than the natives.
Misery for all.
tsubaki
Player Valuation: £90m
at least now we know why they named it after a genius who was destroyed by his own government
Incidentally, I was just speaking to a Finnish startup and they reiterated the competitive disadvantage Europe has compared to America and China because even with the single market it's still not as easy to sell across Europe as it is to a giant market that is within a single country. The obvious inference is that Europe should be doing more to integrate, not sod off on your own where your tiddly market is even more inconsequential.
peteblue
Welcome back Wayne
Why is it not easy to sell across Europe ? Or is this yet another ploy and excuse for the U.S.E......
Because while the single market is a great first step, there are still aspects of trading with each country that are unique (tax for instance). We can brand it whatever we like, but the fact remains that for an entrepreneur, selling your wares in a huge domestic market is crucial to success, and in that sense, both America and China have an inbuilt advantage over the individual countries of Europe. This is an area I know fairly well, and it's still not all that common and while the single market is great, it still needs to go further if we are to truly regard all of Europe as a market akin to that in either China or America.
And that's kind of the point, because no trade deal will even come close to replicating that ease of trade so we can't pretend that by joining a pan-Pacific group, for instance, that we'll have easy access to the Chinese market that is comparable to a Chinese rival.
peteblue
Welcome back Wayne
So the EU as it is, is just a great first step. Thank you at least for agreeing with my own view of how the EU wanted to become the U.S.E. and aimed to do it in small small ‘absolutely necessary’ steps irrespective of the wishes of the people.
What entrepreneurs need are easy access to markets, something the EU only allows within the EU. Whereas what we should be aiming for is easy access to every market without the requirement of having to band countries together politically and economically when they are all different. It’s trade.
Haydn
Player Valuation: £15m
Was that maybe written on the other side of the bus ?
So the Tories are about to nationalise cockle washing, great stuff and a huge win clearly.
Maybe I haven't communicated myself well, but this isn't something the EU is agitating for but the entrepreneur I spoke to this morning who incidentally is an Asian immigrant living in the Nordics. The whole point is that even with the single market, the EU still falls short of providing the ease of trading that you get within a single giant country. Any new company will look first and foremost to their domestic market, and so the bigger that market is, the better the conditions for growth (its no coincidence that even an Amazon still gets most of its revenue from its home market).
The UK can't compete with countries with over 300 million people. Neither can France or Germany, much less the tiny Nordic country this guy was from. That's one of the motivations behind the single market, to make the 450 million people of the EU as easy to trade with as an American firm can between Florida and Washington. In the entrepreneur's opinion, while the single market is much better than a bog standard trade deal, it doesn't go far enough to truly replicate the ease of doing business you would find within a single country.
I work with a number of Czech startups, for instance. The Czech population is roughly the same as North Carolina, but if they were based in North Carolina their health technologies could easily sell into any other part of the US the very next day. That 300 million market then allows them to scale and get to a decent size before they have to worry about selling overseas. That's not the case with my Czech startups, who nearly all look internationally from day 1 because the Czech domestic market is relatively small. The single market is for sure better than a kick in the teeth but there remain numerous obstacles to selling internationally, whether its different licensing, different health systems, payment models, and so on. None of those things are covered in the kind of trade deals Liz Truss waves her flag about, so we're even worse off.
Now you can try and conflate that into EU armies or some silliness if you want, but for the life of me I can't understand how.
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peteblue
Welcome back Wayne
Of course a big single market can be a benefit, but how big does the single market need to be ? Is 450 million people enough ?, does it need to be over 1Bn ? Or do you just do a deal with India ? What is it you are going to sell to all of these people ? For instance Scottish Whisky is sold in 166 countries worldwide and not just the 27 in the Eu or America or China. How do they manage that ? The startups you refer to don’t need to conquer the world in the first year and can indeed take their growth one market at a time and learn a lot by doing so. What are the real markets for what products and who are the real customers ? Being in a little country like the U.K. or Japan isn’t a barrier to success, both have some very large companies as you are aware. Though I’m still struggling to understand why a Czech startup, which is in the EU, needs additional markets or what barriers are being put in its place. I can accept that each Eu country may well have differing requirements and that if all of the EU was exactly the same then life would be easier for them. But even in England alone there will be a myriad of systems requirements for different councils/hospitals/businesses or whatever their customers requirements are, so they might as well pick on one ‘international’ market and give it a go, then do the next, and the next......
peteblue
Welcome back Wayne
It might mean a lot to those who are in the industry, and may generate a few more jobs besides. There is currently a problem with exporting shellfish to the EU, this is a solution to that particular problem....
And how much will this cost the taxpayer? Answers on the side of a bus.
Blues Harp
Player Valuation: £60m
If they can throw £37 billion at a company headed by an incompetent and greedy ceo ie Dido Harding, bailing out the shellfish industry (?) should be a doddle.
Will no one think of the CEOs?
Big business is run on backhanders and bribes (sorry, incentives) Anyone who thinks otherwise is deluded.
What, wait...Finnish start ups don't determine the long term strategic direction of the EU????!!!!
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