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The nightmare scenario.....
Comments
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To be honest, individual EU nations may wish to attract these companies, but the EU as a whole could never organise themselves to make it happen as a group.
All an individual country needs to do to make it happen for the EU as a whole is veto a free trade agreement with the UK if we leave.
So why would they not do so?“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”0 -
Because Germany would not like it for a start.HAMISH_MCTAVISH wrote: »All an individual country needs to do to make it happen for the EU as a whole is veto a free trade agreement with the UK if we leave.
So why would they not do so?
Oddly enough a free trade agreement is not actually required. It is possible to just trade.
No individual nation within the EU could restrict trade with the UK if just one other were to veto it.0 -
Graham_Devon wrote: »Many of the reasons for leaving the EU is to create a more competitive country for business, without the regulation etc the EU currently imposes.
No, that's wrong.
The British Chambers of Commerce have said that less than 1% of regulatory costs are a result of EU regulations.
99% of the cost comes from British regulations.“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”0 -
Because Germany would not like it for a start.
Why?
Don't you think Germany would love to steal our EU headquarters and manufacturing jobs?Oddly enough a free trade agreement is not actually required. It is possible to just trade.
A free trade agreement is required if we are to avoid EU import duties.
That is why those companies have located their EU manufacturing facilities here to begin with.No individual nation within the EU could restrict trade with the UK if just one other were to veto it
Oh they can trade.
But they cant negate EU import duties for the goods we send them.“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”0 -
What EU import duties?HAMISH_MCTAVISH wrote: »Why?
Don't you think Germany would love to steal our EU headquarters and manufacturing jobs?
A free trade agreement is required if we are to avoid EU import duties.
That is why those companies have located their EU manufacturing facilities here to begin with.0 -
What EU import duties?
For cars, as in the example earlier, it's 10% from all non-EU countries unless they have a free trade agreement.
So Nissans or Hondas manufactured here for sale in the EU would cost the manufacturer 10% more than Nissans or Hondas manufactured in the EU if we left.“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”0 -
HAMISH_MCTAVISH wrote: »No, that's wrong.
The British Chambers of Commerce have said that less than 1% of regulatory costs are a result of EU regulations.
99% of the cost comes from British regulations.
I didn't say regularatory costs. I said regulation.
Theres a big hoohah about Euro 6 at the moment, which is all to do with the green credentials of cars. The problem is, these green credentials are making cars so incredibly costly to fix, that some are hitting the scrap heap at 90,000 miles.
I am in no way saying the UK would not decide to follow this, but these restrictions are imposed on EU built cars first. They also make them more expensive for the car makers. Hence why KIA and Hyundai etc hold off right till until the point that have to have these bits bolted on to sell their cars in the EU.
We could tinker with this sort of regulation. Again, this is merely one single example.0 -
At which point all French and German imports would then be subject to UK duties. The French and Germans would stop it happening as they would be the losers.HAMISH_MCTAVISH wrote: »For cars, as in the example earlier, it's 10% from all non-EU countries unless they have a free trade agreement.
So Nissans or Hondas manufactured here for sale in the EU would cost the manufacturer 10% more than Nissans or Hondas manufactured in the EU if we left.0 -
Graham_Devon wrote: »I didn't say regularatory costs. I said regulation.
You said "create a more competitive country for business, without the regulation etc the EU currently imposes".
But how would we be more competitive, when 99% of the costs of complying with regulation are for UK regulations, not EU regs?
And if we are to have a free trade agreement, as you insist we will, then UK business would have to comply with EU regs anyway as Norway and Switzerland already do.
So what regulations would we avoid?“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”0 -
Oddly enough I am all for the free trade thing. Just find the political stuff expensive, inefficient and rather annoying and mostly pointless.0
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