Banks had to be bailed out all over Europe, not sure why you mention the eu
Brexited | the worst threads live the longest
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In the latest episode of the United Hour Podcast, Nik (@Rood) is joined by CEO Duncan Drasdo and Financial Director Andy Green from the Manchester United Supporters Trust for a special episode on all things behind the scenes at Old Trafford including a brief history of MUST and their aims today, views on INEOS and Sir Jim Ratcliffe so far, and the Old Trafford regeneration.
The correct relative pronoun is which, so you were right, his punctuation isn't up to much either, made me chuckle.
Still are being but that its all the UK's fault I bet.
1,They could do that and the UK will reciprocate replacing exports to the EU with domestic alternatives for goods and services currently imported from the EU or cheaper alternatives from the rest of the world. 3% of the EU GDP is more than 13 percent of the UK GDP and of course we have a 68 billion in trade deficit extra to have a go at once the EU bans us. We can also save 8 billion a year in direct contributions.
You really think the EU will actually proposes this?
2,Well we are putting troops into Estonia as part of NATO so I guess the EU wants us to be, whether we remain so will depend on the EU and its stance over the next two years. It is going to be interesting to see whether they are actually as big a set of dicks as farage says they are and you assume them to be or whether now the vote is done common sense prevails.
If it was cheaper elsewhere we'd already be using it. The only alternatives will be higher priced, so hurting those who the Brexiters pretend to give a shit about, the working class
They probably will for a wide variety of reasons
a- For most EU countries the trade with the UK is negligible to virtually non existent. Some value FOM more then that trade while others will be salivating at the prospect of UK based businesses having to move to Europe while some might have an antipathy towards the UK. The UK politicians hasn't covered themselves in glory in the way it treated European countries and citizens. The temptation for getting some payback can't be taken out of the equation
b- As said, if the EU gives in to the UK then it paves the way for other countries to leave the union and it will increase the demands from the big guns who are also out of the EU (ie China, US etc). They will be wondering why the EU isn't giving them a similar deal and will be expecting a similar deal soon
c- The UK will still have to buy most of it products from the EU due to economy of scale and transportation costs.
Its not impossible to isolate 1 country however no country had ever managed to live completely cut out of the continent. As said 13% of the GDP is no joke
Well thats not true, trade agreements are partly there to stop you importing cheaper stuff from outside of the agreement countries. There are cheaper options everywhere outside of the eu trade agreement.
What the..?
Have you ever tried to inform yourself how a market economy works? Or how GB trade works, how the EU works?
There is no part in the free market agreement which says "you have to buy stuff from the EU even if it is cheaper elsewhere".
That just a seriously dumb statement.
As @Mozza said, where there is something cheaper outside of the EU, it is already bought/used.
So in any case, even if there are only small tariffs, GB will lose. There is absolutely no denying that.
Ou
Talk about a special deal to accomodate the City. Well, that's the future of Boris and his pals sorted out.
Your argument falls down in the first sentence.
Do you think that the all 27 countries depend heavily on the uk market? Even the German chief of industry is saying that it wouldnt be such a tragedy if a hard brexit occurs and you make a big chunk of your business with them
They all depend on their ability to export to the UK, by varying degrees. Hard Brexit would hurt Germany.
Like a drop in the ocean though.
If you say so, Germany exports twice as much to the UK as vice versa.
That says more about our love for German things as a status symbol and our complete lack of anything worthwhile exporting than it does Germany though.
We are of course, a big market for German cars for example but we're not so big a market that we couldn't easily be replaced and forgotten about.
That's the problem with this sort of thing, we think we're massive but we're not. We're certainly not big enough that the EU wouldn't take a small hit by stiffing us in trade deals and be able to replace us quite easily thereafter.
No, they exist to set common standards so one nation can't undercut another on quality, environmental protections, safety etc.
Nobody "depends", except maybe Ireland. GB's share of German exports might appear rather large at 7,1%, but it's also not like it would drop to zero. If you take into account most of the stuff you import from us you will not just stop buying.
Also, some people don't take into account that it of course will hurt both sides. But trade won't stop, it just get's a tiny bit mroe expensive. Just that the UK exports around 50% of their stuff from the EU, a number not one EU country even comes near to....so, it will hurt everyone, but the UK disproportionally more so.
Even worse is the fact that the UK imports around 70% of their goods from the EU. You can't just replace that.
As you can see, the percentages are way more interesting than the totals here. And it doesn't look good for the UK, they sould do everything and accept everything they can to have access to the free market.
Nobody needs to replace anything in a larger scale, it just get's a bit more expensive and will hurt the UK more, as they import 790 billion out of their import total of 1,13 billion to the EU.
Most countries do not depend on the UK market and the vast majority would rather lose that rather then see a contagion of countries taking similar deals to remove FOM out of the mix or have a piece of the pie regarding UK based businesses.
Regarding Germany even the German chief had come to turn to the prospect of Hard Brexit and support the EU stance to stick to its guns
https://www.ft.com/content/8eef080a-d72d-11e6-944b-e7eb37a6aa8e
I'm going to need to read up on this, but if May is committing to leaving EEA and ECJ that is not going to be within her power to promise (passporting or equivalence).
By focussing on any individual relationship within the EU you lose sight of the UK's overall weak position... the cost to the EU is spread across 26 countries.
44% of UK exports are to the EU, but only 8% of EU exports go to the UK. This imbalance is devastating to our negotiating position (although May seems to have decided there will be no negotiation and we'll just be a lot poorer).
Leaver's aren't in favour of truly free trade, which includes unrestricted freedom of movement.
Its a trading bloc, free trade within, restrictions putside. There is no contradiction.
Oh god. May's speech.
We're fecked.
We're fecked.
The people which voted.
The people who voted.
Really, you think "The people who voted" is wrong and it should be "the people which voted"?
Hammond has just threatened europe by suggesting that hes going to change the uk into a tax haven.
There is, if free trade is a good idea and creates wealth between countries inside the block why would it not be a good idea to extend that as far as possible to countries especially those with similar economies in general?
It's the people who voted, the country which..
In remainers eyes the uk will become the new Chad, why would the eu fear contagion unless Chad is better than Europe?
Watch the pound plummet again next week.
Who said that the uk will become the new chad? I didnt and i disagree to that
Now its my turn
Why would the eu allow the uk to cherry pick its deal especially when it holds the longer side of the stick? We might as well stick to our principles and let the uk make a success out of being cut from the very continent they are part of
Because you have different standards. You might say let's freely trade milk. But then you have to define what's milk. Otherwise there will be a race to the bottom on quality, animal welfare, consumer safety and so on
Can't see our governments ever letting multinational companies get away with paying only a small fraction of their tax bill in this country. That will never happen.
I don't the real issue here is FOM. The issue here is having countries leaving the EU and expecting to have the same benefits of a member. That's the sort of contagion the EU wants to avoid.
Which is fair enough. I doubt that the UK will offer Scotland the same terms they have now if it decides to leave the union.
This is going to be the strange thing with any eu uk deal...
Normally you negotiate away barriers and tariff and have to introduce standards
Here we currently have the same standards and have to introduce barriers and tariff... so I can see it being quite a nasty negotiation if it becomes too much tit for tat and politicised... but with Dutch French and German elections soon and brexit / eu reform / immigration etc likely to play a part in all three it's almost impossible to see a way any brexit negotiations won't overflow into their domestic elections... and I suspect national popularity and populism will "trump" a good deal for both sides and it will quickly become tit for tat
TBF the idea was voiced by someone of the EU and related to the problem of EU firms and countries having access to the finance available from the City. But that's why I mentioned Boris & co, they'd do very well out of a deal which allowed Access. After all, who would the non-executive directors be ? Burnley folk wouldn't see much of that dosh, imo.I'm going to need to read up on this, but if May is committing to leaving EEA and ECJ that is not going to be within her power to promise (passporting or equivalence).
By focussing on any individual relationship within the EU you lose sight of the UK's overall weak position... the cost to the EU is spread across 26 countries.
44% of UK exports are to the EU, but only 8% of EU exports go to the UK. This imbalance is devastating to our negotiating position (although May seems to have decided there will be no negotiation and we'll just be a lot poorer).
I'm going to need to read up on this, but if May is committing to leaving EEA and ECJ that is not going to be within her power to promise (passporting or equivalence).
By focussing on any individual relationship within the EU you lose sight of the UK's overall weak position... the cost to the EU is spread across 26 countries.
44% of UK exports are to the EU, but only 8% of EU exports go to the UK. This imbalance is devastating to our negotiating position (although May seems to have decided there will be no negotiation and we'll just be a lot poorer).
There will be a price to leaving the single market, no doubt. I mentioned Germany specifically, as basically they are the engine room of the EU economy. So you are saying that the EU will sign off a deal that will be very detrimental to the powerhouse economy of the EU.
Germany is a powerhouse economy in the eu but most of its wealth and status is attributed to a united europe based upon the 4 principles. Thats something worth to defend and is far more important to any business made with the uk
What Germany or any other eu country doesnt want is for countries to leave the eu because they cant get their way on a particular argument only to expect a similar deal to that of full membership minus the thing they argued about (ie cherry picking).The EU future is worth more then anything else.
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Indeed, basically we will pay a price for stopping free movement of people, and that will be in the form of some sort of tariff to trade with the EU. My point is that it doesn't make sense for the EU to make that too punitive, if it does they potentially tip themselves into recession again.
Not as detrimental as an unstable Union would be. People act as if Germany will jump to UK´s side because of the fear of diminished exports, while it is far more likely that it will lead the negotiations with driving a hard bargain. The government clearly communicated a hard stance, a stance that is backed by the big shots of the contries economy.
The Brexit will be an act which will result in nearly only losers on both ends, which is why no person with a bit of common sense over here wanted the vote to turn out the way it did. The damage will be very unevenly distributed, though.
The different scales are one of the indicators for that, but also what is traded. The German export business is mostly build on it´s tertiary sector, meaning the end production. Now, German products are not cheap, never were and never can be as it can´t rival production costs of countires like China or India. They sell because the term "Made in Germany" has established itself as a powerful global brand which stands for quality, reliability and longeviety.
Now, simply put, UK leaving the single market won´t stop the exports, but will result in a price hike of German products on the British market. How much that will impact total sell numbers is not reliably predictable, but as German products don´t compete with price alone, the damage won´t be as horrendous as Brexiters like to present it. The increased prices also won´t happen for just German products, but also for the non British competition.
I rather see struggles on the other side for smaller German firms (the so called "Mittelstand") which import British goods (which will also increase in price) for their production. They will either have to look for alternatives or brace themselves for the increased production costs.
I don't that FOM is the real issue here. The real issue is giving a good deal to a country who left the union because it didn't got exactly what they wanted. That can cause a precedent with countries leaving the union for all sort of spats only to expect the EU to give them a great deal and not being too punitive to them. Think about Scotland and the UK. If Scotland had to leave the Union and the deal given to them is so good that the Scots ends up better off then that would act as an incentive for Wales and Northern Ireland to do the same. crippling the UK's influence and causing instability in the markets which will cause recession. No union would want that