If we vote for Brexit what happens

Yamumuk

Fujitsu UK getting rid 1,800 jobs - BBC news. Can the Brexit voters please help them out by sending some of their pay packets to them each week, cheques accepted. Thanks, they will appreciate it, they also said they are glad control was taken back.... pass it on yeah, cool.

Thrugelmir

always_sunny wrote: »

France on the other hand could always increase sale within the SM cause it's more advantageous especially to countries in the East that are becoming more prosperous.

Is it that simple though? French agriculture is geared to produce what the UK consumes and demands. Doesn't mean that someone in Latvia or Malta has the same requirement. Establishing supply and distribution chains isn't so easy either. Takes a long time. Writing off investment in the UK might not be palatable either.

Thrugelmir

Yamumuk wrote: »

Fujitsu UK getting rid 1,800 jobs - BBC news. Can the Brexit voters please help them out by sending some of their pay packets to them each week, cheques accepted. Thanks, they will appreciate it, they also said they are glad control was taken back.... pass it on yeah, cool.

Thought this was a Japanese company that's long past it's peak of being a household name. Dependent on legacy systems for a significant revenue stream.

Rinoa

wotsthat wrote: »

So we'll have to make more stuff ourselves because trade will become more difficult and/ or more expensive?

Struggling to see the advantage there. Aren't you?

Well, Germany makes more stuff than everyone else and they're considered the most prosperous. Go figure,

setmefree2

The Single Market battle is the Remainers’ last stand in the Brexit war

It has all the hallmarks of a last stand. Having abandoned resistance to the referendum result itself, Remainers are rallying to the cause of staying in the Single Market.
Re-using the referendum hymn sheet, the same politicians, businesses and pressure groups who predicted doom and gloom from the decision to vote Brexit are now forecasting postponed doom and gloom if we opt to choose a “hard Brexit” or a “closed Britain” – leaving the EU’s single regulatory zone and trading under WTO rules.


Established businesses which do well under the status quo are always afraid of even minor changes to the trading and regulatory environment. But politicians have a duty to set conditions for the general good of the whole economy in the long term. On this the Remainers are severely overestimating the gains from Single Market membership while underestimating both the gains from leaving and the huge risks of remaining. This facilitates their bizarre assertion that being outside somehow need lead to a more closed Britain.


First, let’s take the importance of the Single Market. The European Commission itself (which has no incentive to underestimate) believes this common regulatory zone has raised EU-wide GDP by just 2.1 per cent overall. That figure was calculated for 2008, at the height of the boom. As the economist Andrew Lilico has outlined, for the UK we can imagine this would be less significant still: the UK trades less with other EU members than the EU average and specialises in services where the Single Market is less complete. We were also already fairly liberal in regulatory terms during this period (meaning the benefits from any harmonisation measures would be less pronounced for us).

Being willing to leave both and trade under WTO rules would at a stroke end the uncertainty that protracted negotiations would bring. The UK could declare unilateral free trade, slashing tariffs which would lead to more specialisation and an effective tax cut for consumers. We would repatriate our gross contributions, be able to deregulate or reassess regulation in areas where it was beneficial incrementally, and kill stone dead the ratchet of more EU centralisation. This would not only fulfil the electorate’s instruction to “take back control”, but could, alongside a programme of agricultural reform, leave the UK more open not less.

http://www.cityam.com/251114/single-market-battle-remainers-last-stand-brexit-war

setmefree2

Iain Duncan Smith: How the hardcore Remainers plan to derail Brexit – and defy voters

http://www.conservativehome.com/thecolumnists/2016/10/iain-duncan-smith-the-hardcore-remainers-cant-stop-brexit-so-now-theyre-trying-to-delay-it.html

So the Article 50 court case starts Thursday....it will be interesting. The Remainers last stand.

gfplux

Yamumuk wrote: »

Fujitsu UK getting rid 1,800 jobs - BBC news. Can the Brexit voters please help them out by sending some of their pay packets to them each week, cheques accepted. Thanks, they will appreciate it, they also said they are glad control was taken back.... pass it on yeah, cool.

Nothing to worry about!

"Fujitsu said the decision to cut job numbers is not linked to Britain's decision to leave the European Union, but is an effort to "streamline operations in order to remain competitive"

In the next few years you will rarely see a "foreign" employer in the UK blame Brexit for any downsizing as they don't want the EXTRA bad publicity.
Foreign company's just like foreign workers know they now need to keep a low profile in the UK.

setmefree2

It wouldn't be right not to mention our Merv

Fall in sterling is a welcome change, says Mervyn King

Former Bank of England governor comments on the pound’s sharp moves since the Brexit vote in June

https://www.theguardian.com/business/2016/oct/10/fall-in-sterling-is-a-welcome-change-says-mervyn-king-brexit-vote

The King speaks: Brexit fears are overblown

The pound's fall is a 'welcome change', says former Bank of England governor Mervyn King.

https://news.markets/bonds/king-speaks-brexit-fears-overblown-28273/

As the pound continues to languish at 30-year lows against the dollar, former Bank of England governor Mervyn King, has made a dramatic intervention in the debate over whether Brexit has been a good or a bad thing for the UK economy.
In an interview with Sky News he described the pound’s fall as a “welcome change” and dismissed claims that Brexit will bring economic catastrophe.
On the contrary, he said that leaving the EU is nothing to fear and that he has been left “baffled” by all the dire warnings from the Remain camp.
“The whole thing has generated reactions that are over the top,” he said.

Love this quote

King added: “During the referendum campaign, someone said the real danger of Brexit is you’ll end up with higher interest rates, lower house prices and a lower exchange rate, and I thought: dream on.”
“Because that is what we have been trying to achieve for the past three years and now we have the chance of getting it.”
“I don’t think we should fear (Brexit),” King said. But, he added, “It’s not a bed of roses but nor is it the end of the world.”

CLAPTON

always_sunny wrote: »

Not at all, though the UK is not a manufacturer as much anymore (and many other countries like the UK) and has a big service industry. So there will need to be massive transformation of the economy in a very short time for the UK to be the competitive manufacturer powerhouse again. Possibly all those graduates who keep increasing YoY will be delighted to just do that for the joy of sovereignty.

the UK is the 5th largest manufactory in the world.

gfplux

http://www.yorkshirepost.co.uk/news/petrol-prices-rise-but-yorkshire-is-cheaper-than-average-1-8174950

Nothing to worry about.

Fuel prices at the pumps have reached their highest level for more than a year, according to official figures. The average price of unleaded petrol has hit 112.35p per litre, the most expensive it has been since August 2015. Diesel prices also rose to their highest point since last summer

That's BEFORE the slump in the pound feeds through.
At least the week pound is helping Britains exports.