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REFERENDUM RESULTS AND DISCUSSION THREAD

I think you are frankly away with the fairies.

WE HAVE NO BARGAINING CHIPS IN THIS NEGOTIATION.

Rather than kicking the EU in the bollocks we have poked a bear with a stick.
 
I think you are frankly away with the fairies.

WE HAVE NO BARGAINING CHIPS IN THIS NEGOTIATION.

Rather than kicking the EU in the bollocks we have poked a bear with a stick.

Nah. You sir are a doom Goblin and I am an optimist.
 
Fine, whatever. I have talked to you about it for some pages and you have given nothing to assuage my fears beyond "it'll be alright".
 
China is cheap with poor quality. Britain is more costly, but better quality.

The two are very different.

Price always wins out. As I mentioned earlier, you need only look at the Rust Belt to see the evidence.
 
Price always wins out. As I mentioned earlier, you need only look at the Rust Belt to see the evidence.

It really doesn't, quite a bit of manufacturing has come back to the UK due to the poor quality of product out of China.

In some markets, if you keep selling a poor quality product you end up with no customers.

We give on site warranty, so if we fit a poor product, long term, it will cost more.
 
Price always wins out. As I mentioned earlier, you need only look at the Rust Belt to see the evidence.

And you were wrong then too. I'm not going to give you a lesson in marketing or supply chain so don't ask.

It's about alternatives and if you can get the same product of the same quality made in the EU for the same price as you can in the UK (bearing in mind there will be 20% added on) then you'll do just that as it's easier. I'd buy the quality argument if attached to innovation but like much of our export that is only a tiny part of it. I don't think the sky will fall in but leaving the EU has made it so much harder than it could've been for everybody with absolutely no upside whatsoever.

I don't see how China will increase their imports of UK goods not do I see the other BRIC countries follow suit as they have their own problems which leaves the US or Africa.
 
Fine, whatever. I have talked to you about it for some pages and you have given nothing to assuage my fears beyond "it'll be alright".

OK I will try to use a crystal ball. We will secure trade agreements with a number of countries as we have a better economy than the majority if the world. The EU while starting with hardball will reduce as their economy will not be as strong collectively as they haved some real duff economies to support. The pound will recover after the money men have made their mandatory killing. We will stabilise as a plan emerges.
 
It really doesn't, quite a bit of manufacturing has come back to the UK due to the poor quality of product out of China.

In some markets, if you keep selling a poor quality product you end up with no customers.

We give on site warranty, so if we fit a poor product, long term, it will cost more.

I'd agree with that in niche markets and I think as a nation we have to go down the innovation and niche road or we really are toast and over reliant on the financial markets which will be disastrous for us.
 
I'd agree with that in niche markets and I think as a nation we have to go down the innovation and niche road or we really are toast and over reliant on the financial markets which will be disastrous for us.

Especially as our financial passporting is in serious jeopardy and Goldman Sachs for one are already making noises about shipping jobs away from the UK in the event of a hard Brexit. Frankfurt would jump at the chance to become the new financial centre of Europe.
 
I'd agree with that in niche markets and I think as a nation we have to go down the innovation and niche road or we really are toast and over reliant on the financial markets which will be disastrous for us.

It's not just niche markets though, why isn't everyone driving a Dacia or sitting watching a Logik?
 
I would like to know how the post Brexit UK is going to address the problem of insufficient key skills in certain industry sectors.
 
OK I will try to use a crystal ball. We will secure trade agreements with a number of countries as we have a better economy than the majority if the world. The EU while starting with hardball will reduce as their economy will not be as strong collectively as they haved some real duff economies to support. The pound will recover after the money men have made their mandatory killing. We will stabilise as a plan emerges.

Any particular countries?

Japan would probably jump at a free trade agreement. After all we send less to them than they send to us. And the japanese goods would be cheaper to the consumer here (or at the same price but with a bigger margin for the japanese seller). However, for every million of japanese imports import duty is charged to the tune of £200k by the government. Say Japan exports £5bn to us annually. That is a billion in tax revenue gone. And those are finger in the sky figures, and I would imagine Japan actually sends us a HELL of a lot more than that.

USA - as explained earlier. Obama has said no. Clinton has said no. Trump has said yes. Trump is second favourite in a two-horse race. Again, if that happened it would actually benefit them more than us as we are gross importers. And again, a shedload of tax revenue gone.

As you say we do have a better economy than much of the world. However, most of our economy is based on financial services these days. We are THE key banking area in Europe. We are THE main stock exchange in Europe. If that all shifts to Frankfurt for the banks, and to Paris for the Bourse we have a serious problem. We are not a manufacturing economy and haven't been for decades.

If France and Germany take the financials we become the sick man of Europe, and lo and behold, the EU hardball will have worked.

As the economy contracts due to the above, the pound will then collapse further and it will NEVER recover. Money men or otherwise. We will stabilise as by far a much weaker economy.

But hey, we will be able to tell Johnny Foreigner to sod off, though.
 
Frankfurt would jump at the chance to become the new financial centre of Europe.

Dublin is looking more likely at the moment. Lots of American companies creating jobs here at the moment. We've already proven to be a good hub for tech companies and we're seeing a lot of Pharma and Finance moving here from overseas.
 
That is because of your corporation tax regime. Makes it sensible to report in Ireland, so you get the tax break of having a registered office in Dublin. However, registered office and head office don't always have to be in the same place or even country.
 
Any particular countries?

Japan would probably jump at a free trade agreement. After all we send less to them than they send to us. And the japanese goods would be cheaper to the consumer here (or at the same price but with a bigger margin for the japanese seller). However, for every million of japanese imports import duty is charged to the tune of £200k by the government. Say Japan exports £5bn to us annually. That is a billion in tax revenue gone. And those are finger in the sky figures, and I would imagine Japan actually sends us a HELL of a lot more than that.

USA - as explained earlier. Obama has said no. Clinton has said no. Trump has said yes. Trump is second favourite in a two-horse race. Again, if that happened it would actually benefit them more than us as we are gross importers. And again, a shedload of tax revenue gone.

As you say we do have a better economy than much of the world. However, most of our economy is based on financial services these days. We are THE key banking area in Europe. We are THE main stock exchange in Europe. If that all shifts to Frankfurt for the banks, and to Paris for the Bourse we have a serious problem. We are not a manufacturing economy and haven't been for decades.

If France and Germany take the financials we become the sick man of Europe, and lo and behold, the EU hardball will have worked.

As the economy contracts due to the above, the pound will then collapse further and it will NEVER recover. Money men or otherwise. We will stabilise as by far a much weaker economy.

But hey, we will be able to tell Johnny Foreigner to sod off, though.

The sick man of Europe? What are you talking about. You can't compare our economies with the vast majority of EU countries.
I deal with business people from several EU countries, who all say it is in the interest of both the EU and the UK that we make amicable trading agreements.
Of course you are entitled to moan, you lost the vote. One of the reasons remain lost the vote, is that they were ignorant about the worsening standards of living for the majority of UK citizens. Now the wheels have come off the gravy train, all we here is how shit your comfortable lives may become. Well you shouldnt have been so ignorant when the majority of people were suffering. Now it't on your door step, It's a bit rich listening how your comfy lives have been disrupted, whilst not giving a shit for the majority of people who have been sufferingfor ages.
 
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