If we vote for Brexit what happens

TrickyTree83

CLAPTON wrote: »

all stems from the segregration caused by educational inequality;
between those that go to the standard state sector and all those posh people like Chakribati and Thornberry and Abbott that choose other schools for their children

Love that Corbyn went to a grammar, his acolytes send their offspring to private schools and they preach about the state system.

Jog on Labour, jog on.

As time goes by and news keeps creeping out about Labour under Corbyn the more of a joke it becomes, its entertaining for those of us who don't support them, also worrying as there won't be a serious opposition but there's nothing we can do about that when RT and friends put them in power.

Thrugelmir

ruggedtoast wrote: »

I'm in America.

Everything is 25℅ more expensive than it was when I was here last month and they think we're all a bunch of inward looking peasants.

Thanks Brexitards.

Great job.

Why don't you stay there. Sounds like your sort of people. Dumb.

Complete lack of meat and potatoes in the presidential debate. Just a personal slanging match. Are either of these people competent enough? I don't think so. Better politicians back in the UK.

gfplux

Rinoa wrote: »

Most of the stuff we trade with Europe can easily be made in either the UK or EU.

Assuming we fall back to WTO terms, one of the benefits of having a trade deficit with the EU is that if trade falls 20% both ways, UK companies may be able divert export production to our home market to fill the vacuum left by decreasing EU imports. Indeed they may need to step up production as our exports were far less than what the EU previously sold to us.

The EU of course have the opposite problem. They can't divert all their UK bound exports to their home markets as our exports to the EU are far less.

Maybe a simplified example but we certainly hold the upper hand due to our EU trade deficit.

If most "stuff" we import can be made in the UK why don't we do that already?
Have you one example to illustrate your statement.

Mortgagefreeman

Thrugelmir wrote: »

Why don't you stay there.

I expect mummy and daddy are paying to keep him there.

gfplux

One thing surely everyone will agree on is that the devaluation of sterling since the Brexit vote will lead to
1) Britains exports being cheaper for overseas buyers/consumers
2) Britains imports being more expensive for British buyers/consumers
These effects are happening now with 2) really starting to hurt later this year but the first benefits of Brexit will not be seen for over two years from the end of March 2017.

CLAPTON

gfplux wrote: »

One thing surely everyone will agree on is that the devaluation of sterling since the Brexit vote will lead to
1) Britains exports being cheaper for overseas buyers/consumers
2) Britains imports being more expensive for British buyers/consumers
These effects are happening now with 2) really starting to hurt later this year but the first benefits of Brexit will not be seen for over two years from the end of March 2017.

are these the only two consequences of a change of exchange rates?

Conrad

gfplux wrote: »

If most "stuff" we import can be made in the UK why don't we do that already?
Have you one example to illustrate your statement.

Read your manufacturing news, orders are up, firms at e expanding, new firms are making. Also things like British fruit, often disguarded in favour of more pristine looking French, with the falling pound it's a lot more sensible to use it ourselves.

Doom mongers are totally clueless, read what Meryn King said today

Conrad

ruggedtoast wrote: »

Yeah well it's just cost you 25℅ more to invest over there than it did last month.

Well done.

You mean our exports just got more competitive. Gloom mongers are clueless

All will be well

Conrad

CLAPTON wrote: »

all stems from the segregration caused by educational inequality;
between those that go to the standard state sector and all those posh people like Chakribati and Thornberry and Abbott that choose other schools for their children

Perhaps thier kids will enter politics and one day tell the rest of us they can't have the selective education they benefited from.

Why does anyone respect these charlatans?

Kohoutek

Conrad wrote: »

You mean our exports just got more competitive. Gloom mongers are clueless

All will be well

You mean they got more price competitive (not including the effects of higher input costs). Competativeness isn't driven by price alone (e.g. whether you intend to stay in the world's largest trading block).