Debate House Prices


In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non MoneySaving matters are no longer permitted. This includes wider debates about general house prices, the economy and politics. As a result, we have taken the decision to keep this board permanently closed, but it remains viewable for users who may find some useful information in it. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

If we vote for Brexit what happens

Options
1181018111813181518162072

Comments

  • prosaver
    prosaver Posts: 7,026 Forumite
    Part of the Furniture Combo Breaker
    just thinking, if we're not in the single market then Germany and France wont be (when they sell to us), so there be worse off as we buy more stuff of them.
    “Life isn't about finding yourself. Life is about creating yourself.”
    ― George Bernard Shaw
  • HAMISH_MCTAVISH
    HAMISH_MCTAVISH Posts: 28,592 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    prosaver wrote: »
    just thinking, if we're not in the single market then Germany and France wont be (when they sell to us), so there be worse off as we buy more stuff of them.

    The UK buys just 7% of EU exports - worth about 3% of EU GDP.

    That can be replaced without lasting harm.

    The EU on the other hand buys 45% of UK exports.... That's an existential threat to large sections of the UK economy.

    Our hand is weak - and everyone knows it.
    “The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.

    Belief in myths allows the comfort of opinion without the discomfort of thought.”

    -- President John F. Kennedy”
  • TrickyTree83
    TrickyTree83 Posts: 3,930 Forumite
    edited 1 April 2017 at 12:35AM
    The UK buys just 7% of EU exports - worth about 3% of EU GDP.

    That can be replaced without lasting harm.

    The EU on the other hand buys 45% of UK exports.... That's an existential threat to large sections of the UK economy.

    Our hand is weak - and everyone knows it.

    Check the data on trade and you'll see the 7% is concentrated within the net contributor, high wage, large GDP economies of the EU.

    It may not appear to matter when it's presented as a statistic encompassing the entire EU. But it matters when it's presented as a statistic relating to particular member states.

    Context is everything.

    March%202017%20Trade%20with%20other%20European%20countries%20RB.jpg

    Germany - we're the 3rd largest market

    http://www.tradingeconomics.com/germany/exports-by-country

    Spain - we're the 4th largest market

    http://www.tradingeconomics.com/spain/exports-by-country

    Belgium - we're the 4th largest market

    http://www.tradingeconomics.com/belgium/exports-by-country

    Netherlands - we're the 3rd largest market

    http://www.tradingeconomics.com/netherlands/exports-by-country

    France - we're the 5th largest market

    http://www.tradingeconomics.com/france/exports-by-country

    Poland - we're the 2nd largest market

    http://www.tradingeconomics.com/poland/exports-by-country

    Italy - we're the 4th largest market

    http://www.tradingeconomics.com/italy/exports-by-country

    Ireland - we're the 2nd largest market

    http://www.tradingeconomics.com/ireland/exports-by-country

    and on... and on...

    Just for balance, here's what those markets mean to the UK.

    http://www.tradingeconomics.com/united-kingdom/exports-by-country
  • HAMISH_MCTAVISH
    HAMISH_MCTAVISH Posts: 28,592 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Context is everything.

    Indeed.

    Like the 'context' that all 27 states have a veto on any future post-departure EU trade deal with the UK.

    So the concentration of trade in a few is of little relevance.;)
    “The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.

    Belief in myths allows the comfort of opinion without the discomfort of thought.”

    -- President John F. Kennedy”
  • TrickyTree83
    TrickyTree83 Posts: 3,930 Forumite
    edited 1 April 2017 at 12:40AM
    Indeed.

    Like the 'context' that all 27 states have a veto on any future post-departure EU trade deal with the UK.

    So the concentration of trade in a few is of little relevance.;)

    The concentration of trade is of the utmost relevance, there will be a will within the major contributors to maintain the trade to maintain their economic growth in order to finance the EU. Those who benefit greatly from the EU on the whole are those who have little trade with the UK. As seen with Greece, the net contributors ultimately call the shots.

    What they risk is a recession in the largest economies of the EU as well as losing the UK contribution to the EU budget will indirectly harm the coffers of those who benefit from the EU budget. They're all intertwined and there is no escaping that.
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Conrad wrote: »
    None the less we are a significant market for certain sectors with millions of EU jobs dependant on trade with UK

    Can't see these workers just playfully going along with being harmed by political elites


    Which sectors are you thinking of in particular?

    Companies grow and shrink, come and go all the time. With it jobs too. Brexit isn't going to be a cliff edge.
  • Conrad
    Conrad Posts: 33,137 Forumite
    10,000 Posts Combo Breaker


    And equally obviously no rational person should expect as good a deal from your club after you leave and stop paying your dues as the deal you get whilst still a member.

    What will rational German auto workers make of political elites wishing to harm thier trade with the U.K., which is a hugely profitable market for the German car sector?

    You still quote EU trade with us in terms of the entire 27. Totally irrelevant.
  • Conrad
    Conrad Posts: 33,137 Forumite
    10,000 Posts Combo Breaker
    Latest YOUGOV

    Only 21% wish to reverse Brexit.
  • Conrad
    Conrad Posts: 33,137 Forumite
    10,000 Posts Combo Breaker
    Indeed.

    Like the 'context' that all 27 states have a veto on any future post-departure EU trade deal with the UK.

    So the concentration of trade in a few is of little relevance.;)

    You are talking self harm to the millions of European workers engaged in UK trade. You are delluded if you think they will play along with political elites wet dreams, and harm thier own livelihoods.

    'Hello Spannisn Farmers that supply fruit n salads to the UK, guess what, we comfy political elites are going to make it harder for you to sell to the UK'

    The U.K. Might cut energy taxes to make salad growing under glass more viable, and the UK can source from North and west Africa, Israel, S Africa and elsewhere.
    So Spanish farmers you lose. But hey, the M@fia protection racket lives on, cool.
  • CKhalvashi
    CKhalvashi Posts: 12,134 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper

    I'd suggest you watch the TV series 'UK Border Force'

    Can't remember the episode, but it was filmed around 2007/8 and a Lithuanian national was denied entry as it was deemed not in the British interests to have him here. He had an outstanding European Arrest Warrant IIRC.

    It was alleged (again IIRC) that he had been involved in serious crime in I think Germany.

    I hope that whatever happens with the EU, we remain close enough to enforce European Arrest Warrants, as while I admit I have a liberal approach to immigration, it's obvious that we don't want that sort of person in the UK.

    We, of course, don't want to enter into a short term visa free area with the EU and be seen as a long term soft touch for criminals. Same goes for any country we share a visa free arrangement with.

    It goes without saying that if he was coming here to do the same thing, it could have saved insurers and therefore you and I 6 or 7 figure sums, so well worth it in the long run.
    💙💛 💔
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351.1K Banking & Borrowing
  • 253.2K Reduce Debt & Boost Income
  • 453.7K Spending & Discounts
  • 244.1K Work, Benefits & Business
  • 599.2K Mortgages, Homes & Bills
  • 177K Life & Family
  • 257.5K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.