EU Referendum: The result and aftermath...

[Howardh]

Strikes me that the ones voting for Brexit because they are hard up and hope leaving would make their lives better, are the ones most likely to be hit by what they voted for. Anyone with a bit of dosh can skate round the extra expenses, never mind travel but in the shops, on the forecourt and so on. JRM will be laughing his backside off.

 

[Senex]

Strikes me that the ones voting for Brexit because they are hard up and hope leaving would make their lives better, are the ones most likely to be hit by what they voted for. Anyone with a bit of dosh can skate round the extra expenses, never mind travel but in the shops, on the forecourt and so on. JRM will be laughing his backside off.

They're also the ones who will coming begging for more government hand-outs when the impact of Brexit really hits them.

 

[nidave]

SME's with 5-250 employees are the life blood of the country - up until now they have been pretty quiet on Brexit (due to the abuse they get as obviously everyone else knows more about their businesses than they do) its going to decimate these sort of companies. Some of whom supply a single component or product to a larger company in the EU

“If there is no deal, we won’t be here,” he said. Half of the company’s sales are Europe, and if Britain crashes out of the EU and defaults to World Trade Organization rules, the business will be dead.

There would be tariffs of 16.9% on footwear, 12% on T-shirts and jackets, 14% on bicycles and almost 7% on leather motorbike jackets and neoprene wetsuits, killing his competitiveness against his German and Dutch rivals.

https://www.theguardian.com/politic...ness-bankrupter-small-firms-brace-for-no-deal

 

[furnessvale]

SME's with 5-250 employees are the life blood of the country - up until now they have been pretty quiet on Brexit (due to the abuse they get as obviously everyone else knows more about their businesses than they do) its going to decimate these sort of companies. Some of whom supply a single component or product to a larger company in the EU

https://www.theguardian.com/politic...ness-bankrupter-small-firms-brace-for-no-deal

Of course there will be winners and losers, but given that ON AVERAGE, the EU exports more to us than we do to them, ON AVERAGE, UK companies will be better placed to see off competition from EU companies within the home market.

 

[EM2]

Of course there will be winners and losers, but given that ON AVERAGE, the EU exports more to us than we do to them, ON AVERAGE, UK companies will be better placed to see off competition from EU companies within the home market.

Only if the UK is idiotic enough to impose punitive tariffs on imports into the UK to make those imports uncompetitive. Which would, of course, be the UK being protectionist, something that that the EU has been heavily criticised for supposedly being.

 

[nidave]

Of course there will be winners and losers, but given that ON AVERAGE, the EU exports more to us than we do to them, ON AVERAGE, UK companies will be better placed to see off competition from EU companies within the home market.

Sorry but utter rubbish. Are you suggesting these people are lying and all the organisations who say its going to decimate British businesses are wrong?
UK companies which supply to the UK only will probably be ok if they don't rely on anything from outside of the UK - raw materials, parts etc but anyone else the costs are going to increase. How much they go up (and then the cost of goods on the shelves) depends on the deal (if any) or the tariffs under WTO rules.

This whole "if I believe it hard enough and say it often enough it must be true (despite being told otherwise from those who run and work in the sectors)" is terrifying.

Bring back British Layland I say!

 

[furnessvale]

Sorry but utter rubbish. Are you suggesting these people are lying and all the organisations who say its going to decimate British businesses are wrong?
UK companies which supply to the UK only will probably be ok if they don't rely on anything from outside of the UK - raw materials, parts etc but anyone else the costs are going to increase. How much they go up (and then the cost of goods on the shelves) depends on the deal (if any) or the tariffs under WTO rules.

This whole "if I believe it hard enough and say it often enough it must be true (despite being told otherwise from those who run and work in the sectors)" is terrifying.

Bring back British Layland I say!

So that would be the majority of UK businesses BEFORE we even consider the possibility of picking up displaced business from former EU suppliers.

 

[EM2]

So that would be the majority of UK businesses BEFORE we even consider the possibility of picking up displaced business from former EU suppliers.

Really? You believe that the majority of UK businesses source all their stock, raw materials and components from the UK, and then sell all their products within the UK?

 

[furnessvale]

Really? You believe that the majority of UK businesses source all their stock, raw materials and components from the UK, and then sell all their products within the UK?

Compare gdp to import/export figures. The vast majority is domestic.

 

[nidave]

So that would be the majority of UK businesses BEFORE we even consider the possibility of picking up displaced business from former EU suppliers.

Bloody hell - more "Believe" What manufacturing capacity have we got, what skills are in place to train up all these people and how expensive will the components be if they are only for a small market?

 

[nidave]

Compare gdp to import/export figures. The vast majority is domestic.

Can you give me a source of where the all these UK components come from and raw materials for the UK companies?
Are you also accusing business owners of lying when they say its going to decimate small business.

 

[HH]

Well, they say that ignorance is bliss.

I'm sure all the nail bars will be OK.

Meanwhile had an email from Google today that says they have relocated their terms of service to Google Ireland. But who needs them, eh? Let's call up the Dunkirk spirit chaps!

 

[nidave]

forgetting small businesses large companies are sacking people - but if we believe hard enough it wont happen. I would love you to say "you just got to belive" to one of the people loosing their jobs at Christmas

Jaguar Land Rover to 'axe up to 5,000 jobs'

Analysts say carmaker will outline job cuts in new year as part of drive to combat Brexit and falling sales
Jaguar Land Rover is planning to announce thousands of job cuts in the new year as part of a £2.5bn savings plan to ward off the threat from Brexit, falling sales in China and a drop in demand for diesel cars.

Britain’s biggest carmaker employs 40,000 in the UK and has already cut 1,000 temporary contract workers at its plant in Solihull, which builds Range Rovers and the Land Rover Discovery SUV. It has also reduced working hours for some workers, including at its Wolverhampton factory in the run-up to Christmas.

https://www.theguardian.com/busines...UjN7Tm2faMqItopL8w77nczbrL71SnbspNAManIQW8iLc

I just have Parappa the Rapper in my head.

 

[ungreat]

Yawn. You've never read such nationalistic xenophobic flag waving codswallop because it's not there. Quote it if you believe it exists in the recent history of this thread and not your head.

Foreigners, xenophobes, Farage, Mogg. How predictable.

You'll be ranting again. If not on here, to yourself.

The very reason you've replied directly means I've tickled your Leaver nerves!!
Exactly why did you vote to leave? I am interested. I voted remain as this current situation was entirely predictable.

 

[Ken H]

Really? You believe that the majority of UK businesses source all their stock, raw materials and components from the UK, and then sell all their products within the UK?

no. it comes in containers through Felixstowe, Southampton and Thames container ports, or in bulk vis Immingham. Nowt to do with the EU. And even under WTO, they can still buy within the EU if necessary.

 

[EM2]

Compare gdp to import/export figures. The vast majority is domestic.

Let's start with 80% of UK GDP being in services.
Then let's look at our balance of trade in services:
(source: https://www.ons.gov.uk/businessindu...e/bulletins/internationaltradeinservices/2016 - latest available release)

• Total UK exports of services (excluding travel, transport and banking) showed record growth in 2016, rising from £123.2 billion in 2015 to £142.7 billion in 2016, an increase of 15.8%.
  
  
• Total UK imports of services (excluding travel, transport and banking) also showed record growth in 2016 and rose by £10.2 billion to a total of £68.7 billion, an increase of 17.4%.
  
  
• The information and communication sector showed the largest growth in 2016 for both UK exports and imports of services in 2016, rising by £6.5 billion and £5.1 billion respectively.
  
  
• The European Union was the geographic area that saw the largest increases in total UK exports and imports of services with rises of £9.2 billion and £5.0 billion respectively in 2016.
  
  
• UK exports of financial services products made the largest contribution to the rise in 2016 increasing from £14.9 billion in 2015 to £18.4 billion.
  

You will notice that the UK exports more in services than it imports, both worldwide and with the EU.

 

[EM2]

no. it comes in containers through Felixstowe, Southampton and Thames container ports, or in bulk vis Immingham. Nowt to do with the EU. And even under WTO, they can still buy within the EU if necessary.

No businesses import from the EU? That will be news to the company that I bought my Dutch-manufactured bicycle and German-manufactured locks from, as well as all those people that own VWs, BMWs, Mercedes, Audis, Fiats, SEATs, Renaults, Peugeots, Citroens, Volvos, Alfa Romeos...

 

[nidave]

no. it comes in containers through Felixstowe, Southampton and Thames container ports, or in bulk vis Immingham. Nowt to do with the EU. And even under WTO, they can still buy within the EU if necessary.

There might be a reason no country in the world relies on WTO terms for trade only and does a deal. The tariffs make things really expensive. Again, good on you for being able to afford to pay more for things but I and others cant.

 

[nidave]

No businesses import from the EU? That will be news to the company that I bought my Dutch-manufactured bicycle and German-manufactured locks from, as well as all those people that own VWs, BMWs, Mercedes, Audis, Fiats, SEATs, Renaults, Peugeots, Citroens, Volvos, Alfa Romeos...

Poppies are made in the UK - wonder where they get their paper and plastic stalks from?

 

[Howardh]

Poppies are made in the UK - wonder where they get their paper and plastic stalks from?

Yorkshire Tea is made in the UK.

Oh, hang on...

 

[3141]

Sorry?
Who was it that called an election in 2017? Because I'm pretty sure that it wasn't the Labour party.
And is the Conservative party not the party of Government at the moment?

Sorry, I didn't realise your previous post referred to the election 18 months ago. I thought your reference to wasting time on elections referred to today, when it's the Labour Party that wants to do that.

The Government is the Prime Minister and the Cabinet, supported by other ministers. The present Government consists of people who are members of the Conservative Party, but the Conservative Party is not the Government. It was some members of the CP who sought a vote of no confidence in the party's leader last week, not the Government. I'm sure you can see the difference.

 

[EM2]

the Conservative Party is not the Government.

Is it the party of Government, which is what I asked?

 

[furnessvale]

Let's start with 80% of UK GDP being in services.
Then let's look at our balance of trade in services:
(source: https://www.ons.gov.uk/businessindu...e/bulletins/internationaltradeinservices/2016 - latest available release)

• Total UK exports of services (excluding travel, transport and banking) showed record growth in 2016, rising from £123.2 billion in 2015 to £142.7 billion in 2016, an increase of 15.8%.
  
  
• Total UK imports of services (excluding travel, transport and banking) also showed record growth in 2016 and rose by £10.2 billion to a total of £68.7 billion, an increase of 17.4%.
  
  
• The information and communication sector showed the largest growth in 2016 for both UK exports and imports of services in 2016, rising by £6.5 billion and £5.1 billion respectively.
  
  
• The European Union was the geographic area that saw the largest increases in total UK exports and imports of services with rises of £9.2 billion and £5.0 billion respectively in 2016.
  
  
• UK exports of financial services products made the largest contribution to the rise in 2016 increasing from £14.9 billion in 2015 to £18.4 billion.

You will notice that the UK exports more in services than it imports, both worldwide and with the EU.

UK gdp is measured in £trillions. Add ALL your above figures together and you still don't reach 10% of UK gdp.

 

[Howardh]

UK gdp is measured in £trillions.

Sure you're not mixing that up with our national debt ; )

 

[EM2]

UK gdp is measured in £trillions. Add ALL your above figures together and you still don't reach 10% of UK gdp.

So your argument for everything being OK, is that we do a lot in services, and it's mostly domestic?

 

[furnessvale]

Sure you're not mixing that up with our national debt ; )

https://www.statista.com/statistics/281744/gdp-of-the-united-kingdom-uk-since-2000/

 

[furnessvale]

Well, they say that ignorance is bliss.

I'm sure all the nail bars will be OK.

Meanwhile had an email from Google today that says they have relocated their terms of service to Google Ireland. But who needs them, eh? Let's call up the Dunkirk spirit chaps!

Given that the move was from a base in the USA (a foreign country) to Ireland (another foreign country), I can't say that affects the UK much.

Of course, once we leave the EU, the Google base in Ireland, placed there to serve the EU, will probably be unsuitable for serving the UK and should result in the creation of a further Google base to serve the UK, based in the UK.

 

[Jonny]

Before anyone points to the auto industry, there seems to be a downward trend in car sales generally, in the UK and the EU27, also in other countries. We may have reached the peak of the automotive industry.

 

[3141]

Is it the party of Government, which is what I asked?

It’s the party of those who currently form the Government. Calling it “the party of Government” might give someone the mistaken idea that it was the Government which arranged last week’s vote of confidence in the Conservative Party’s leader.

 

[alex397]

I just hope David Cameron's writing shed gets woodworm.