If we vote for Brexit what happens

Conrad

A prime example of commercial realities setting in, that will trump the political objectives of Brussels bureaucrats;


Swedish companies start to feel the chilling effect of the referendum campaign in Britain and the sharp fall in sterling. Data released this week show that Swedish exports to Britain are in free-fall, with a drop of 19pc over the period from January to July compared to the same period a year ago.


Pharmaceuticals fell 38pc, chemicals 23pc, and paper goods 15pc. “It’s amazing. If this persists, it will lead to fewer jobs in Sweden,” said Andres Hatzigeorgiou form the Stockholm Chamber of Commerce, speaking to Dagens Industri.

While part of the drop is a mechanical effect due to the stronger Krona, it also suggests that export profit margins are collapsing. This squeeze would be even more severe if a hard Brexit led to a yet weaker pound and to the erection of tariff barriers.

There are over 1,000 Swedish companies operating in Britain, employing 100,000 people, from Saab, Scania, and Electrolux, to Skype and Ericsson, to Ikea and H&M. “They’re worried about potential trade barriers and tariffs, and about the Swedish personnel,” said Ms Andersson.

“A weak British pound affects Swedish exports companies, and that could of course affect the Swedish economy,” she said. Britain is the country’s third biggest foreign market.


http://www.telegraph.co.uk/business/2016/10/24/sweden-holds-out-olive-branch-to-brexit-britain/

Thrugelmir

cogito wrote: »

And guess who was prime minister during the twenty years or so that these deals were done. None other than our old pal Jean-Claude Juncker. Funny how no one is bothering to take Luxemburg to task.

The EU is investigating tax deals. Apple was just the first.

TrickyTree83

Conrad wrote: »

A prime example of commercial realities setting in, that will trump the political objectives of Brussels bureaucrats;


Swedish companies start to feel the chilling effect of the referendum campaign in Britain and the sharp fall in sterling. Data released this week show that Swedish exports to Britain are in free-fall, with a drop of 19pc over the period from January to July compared to the same period a year ago.


Pharmaceuticals fell 38pc, chemicals 23pc, and paper goods 15pc. “It’s amazing. If this persists, it will lead to fewer jobs in Sweden,” said Andres Hatzigeorgiou form the Stockholm Chamber of Commerce, speaking to Dagens Industri.

While part of the drop is a mechanical effect due to the stronger Krona, it also suggests that export profit margins are collapsing. This squeeze would be even more severe if a hard Brexit led to a yet weaker pound and to the erection of tariff barriers.

There are over 1,000 Swedish companies operating in Britain, employing 100,000 people, from Saab, Scania, and Electrolux, to Skype and Ericsson, to Ikea and H&M. “They’re worried about potential trade barriers and tariffs, and about the Swedish personnel,” said Ms Andersson.

“A weak British pound affects Swedish exports companies, and that could of course affect the Swedish economy,” she said. Britain is the country’s third biggest foreign market.


http://www.telegraph.co.uk/business/2016/10/24/sweden-holds-out-olive-branch-to-brexit-britain/

A theme that will be repeated all over the EU.

Those who claim it's not in the best interests of both parties are crazy.

The politicians on the continent talking tough, about punishment, are also crazy. They'll be out or gently persuaded to come around to reason.

Thrugelmir

wotsthat wrote: »

The referendum was called by Cameron to try and put internal arguments about Europe to one side so they could present a united front in the run up to the last general election. It was a good strategy and, IMO, helped them gain a majority.

On that we will disagree. Labours decline being self inflicted. The rise of UKIP as a collective voice of discontentment from people of all walks of life was also an influence. The EU was more than a political discussion. It was a cultural one and the growing resentment towards globalisation. As the SNP have shown politics is becoming regional. Bigger is better is not what people are experiencing in their every day lives

ruggedtoast

Conrad wrote: »

A prime example of commercial realities setting in, that will trump the political objectives of Brussels bureaucrats;


Swedish companies start to feel the chilling effect of the referendum campaign in Britain and the sharp fall in sterling. Data released this week show that Swedish exports to Britain are in free-fall, with a drop of 19pc over the period from January to July compared to the same period a year ago.


Pharmaceuticals fell 38pc, chemicals 23pc, and paper goods 15pc. “It’s amazing. If this persists, it will lead to fewer jobs in Sweden,” said Andres Hatzigeorgiou form the Stockholm Chamber of Commerce, speaking to Dagens Industri.

While part of the drop is a mechanical effect due to the stronger Krona, it also suggests that export profit margins are collapsing. This squeeze would be even more severe if a hard Brexit led to a yet weaker pound and to the erection of tariff barriers.

There are over 1,000 Swedish companies operating in Britain, employing 100,000 people, from Saab, Scania, and Electrolux, to Skype and Ericsson, to Ikea and H&M. “They’re worried about potential trade barriers and tariffs, and about the Swedish personnel,” said Ms Andersson.

“A weak British pound affects Swedish exports companies, and that could of course affect the Swedish economy,” she said. Britain is the country’s third biggest foreign market.


http://www.telegraph.co.uk/business/2016/10/24/sweden-holds-out-olive-branch-to-brexit-britain/

You've found another example of how Brexicretins have caused harm to the world.

Well done.

ruggedtoast

Meanwhile, vile Brexithugs are on the streets intimidating the French.,

http://www.independent.co.uk/news/uk/politics/brexit-abuse-french-france-racism-xenophobia-eu-vote-a7379176.html

Presumably no monkey will be safe from incarceration and hanging now.

Another proud facet of Britain's cultural revolution, of idiots.

Conrad

ruggedtoast wrote: »

You've found another example of how Brexicretins have caused harm to the world.

Well done.

And once again you've ignored the great economic issue of our age - addressing our unsustainable trade imbalance. We were talking about this when I did my A-Levels. Trust the drippy remainer types not be abreast of reality.

wotsthat

Thrugelmir wrote: »

On that we will disagree. Labours decline being self inflicted. The rise of UKIP as a collective voice of discontentment from people of all walks of life was also an influence. The EU was more than a political discussion. It was a cultural one and the growing resentment towards globalisation. As the SNP have shown politics is becoming regional. Bigger is better is not what people are experiencing in their every day lives

You're explaining why you think Brexit won the referendum rather than why it was called in the first place.

The referendum was called for entirely political reasons. To drag a few of the more moderate kippers back to the Tories and to try and get through an election without in-fighting about Europe.

ruggedtoast

Conrad wrote: »

And once again you've ignored the great economic issue of our age - addressing our unsustainable trade imbalance. We were talking about this when I did my A-Levels. Trust the drippy remainer types not be abreast of reality.

I'm sure as sterling heads toward parity with the rupee marmite supplies will rocket.

Whoever taught your A Levels did a great job by the way.

Thrugelmir

wotsthat wrote: »

You're explaining why you think Brexit won the referendum rather than why it was called in the first place.

The split in all political parties was never going to be resolved without the people having a say. Anti EU sentiment would simply have grown and grown. Wasn't going away by itself. One only has to look around Europe to find dissenting voices everywhere.