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REFERENDUM RESULTS AND DISCUSSION THREAD

tredman said:
I would really appreciate one of the world trade exponents to talk about how it would work. I've supplied goods under WTO rules and it was a complete cluster fuck, took well over 6 months to get from UK to customer.

I'd love cyber or one of the other experts to explain how these WTO rules are gonna be easier in EU tho.
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You won't get it, because anyone that proposes it either a) doesn't understand it or b) will accept any set of circumstances as long as they get 'their' Brexit.
 
Why is May expending all this effort selling a deal to the general public who don't have a vote on it, when she cannot convince the Commons, who do?
 
Arlene Foster has said she will not back the deal on Marr's show this morning. That's 10 votes she's not going to get.

I can't see any situation whereby we don't cancel the whole thing.
 
Arlene Foster has also said this weekend she fears May's deal more than a Labour govt. No way this is getting through.
 
Sold out Gibraltar now in the name of Brexit - 99% of people voted to remain solely under British rule in 2002. So much for respecting the will of the people.
 
IMHO things will go this way:

1. May deal gets voted down.
2. Rather than risk GE govt agrees to referendum.
3. Nasty battle about what goes on the ballot but will probably end with May deal, no deal and remain.
4. Cons will campaign for May deal, Labour for remain.
5. The vote! Fuck knows what happens here. We're bloody minded enough to vote no deal...
 
So

We import 55 billion and export 54.5 billion according to September 2018 stats. Almost balanced

Yes 53% come in from the EU
44% goes out to the EU.

Don't they need us as much of more than we need them? That's a 5 billion difference in our favour per month? That's 60 billion a year! Why would they not want our business?

Sorry if I am being thick here.
 
Cyber-_-man said:
So

We import 55 billion and export 54.5 billion according to September 2018 stats. Almost balanced

Yes 53% come in from the EU
44% goes out to the EU.

Don't they need us as much of more than we need them? That's a 5 billion difference in our favour?

Sorry if I am being thick here.
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Indeed. WTO rules mean that the EU treat us the same as any other trading nation without a preferential deal. Which means the same tariffs will be applied to our imports as to any other country who hasn't got a preferential trade deal, making our products more expensive and less desirable.

We lodge our tariff rates with WTO and those rates apply to the EU on imports.

Do you ever follow links posted on here?

Oh and our 53% import from the EU doesn't equate to the UK accounting for 53% of total EU exports.
 
leedswolf said:
Indeed. WTO rules mean that the EU treat us the same as any other trading nation without a preferential deal. Which means the same tariffs will be applied to our imports as to any other country who hasn't got a preferential trade deal, making our products more expensive and less desirable.

Do you ever follow links posted on here?
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Yes I do. I look at all of them even if it means reading the guardian!

But as we import more from them than we export surely it's in all interest to keep the tariffs low? I get it can't be the same if we leave but it's hardly the fucking apocolypse? The figures I use come from your link btw
 
Cyber-_-man said:
Yes I do. I look at all of them even if it means reading the guardian!

But as we import more from them than we export surely it's in all interest to keep the tariffs low? I get it can't be the same if we leave but it's hardly the fucking apocolypse? The figures I use come from your link btw
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Yeah, but 53% of our imports from the EU does not mean that we account for 53% of total EU exports. It's not a like for like comparison. But hey WTO .

Oh and 12% of our exports go through the EU to other countries. We would lose the preferential tariffs on these goods as we are no longer part of the EU trade deal.
 
No I get that but you're not telling me that the EU countries won't want to sell stuff to us? In fact they will want to sell even more to increase their exports outside the EU as we will be. I get that a 5% tarriff could apply bothways. Hey ho, still balances. The pound devalued by more than 5% so we are still in profit.

Mays deal looks poor. It is poor. Vote it down
 
Cyber-_-man said:
No I get that but you're not telling me that the EU countries won't want to sell stuff to us? In fact they will want to sell even more to increase their exports outside the EU as we will be. I get that a 5% tarriff could apply bothways. Hey ho, still balances. The pound devalued by more than 5% so we are still in profit.

Mays deal looks poor. It is poor. Vote it down
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Of course they will and we will buy them. We can apply zero tariffs, but under WTO rules our goods will be subject to the same tariffs as any country that hasn't negotiated a preferential deal with the EU so despite what we want the EU HAS to put a 37% tariff on any dairy products we export to the EU. That's WTO rules. FFFS!
 
leedswolf said:
Of course they will and we will buy them. We can apply zero tariffs, but under WTO rules our goods will be subject to the same tariffs as any country that hasn't negotiated a preferential deal with the EU so despite what we want the EU HAS to put a 37% tariff on any dairy products we export to the EU. That's WTO rules. FFFS!
Click to expand...

Ok. I can see that.
 
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