If we vote for Brexit what happens

setmefree2

More scaremongering - this time from the G20

Brexit could pose risk to world economy, says draft G20 statement

http://www.theguardian.com/business/2016/feb/27/brexit-could-pose-a-risk-to-the-world-economy-says-draft-g20-communique

http://www.bloomberg.com/news/articles/2016-02-26/imf-china-officials-voice-concerns-over-brexit-at-g-20

Generali

prosaver wrote: »

its wrong,
look it up instead of being a sheep

You could always provide a link to back up some of your 'facts' rather than tossing around insults.

Just a thought.

CLAPTON

setmefree2 wrote: »

If you want all that - I've no idea why you would live in Clapton?

I'm sure Clapton is a delightful place.
Multiculture, friendly, diverse, democratic, liberal, green and pleasant and would vote OUT to stop the dead hand of the white christian european bureaucracy doing any more damage:
just the sort of place mayonnaise wouldn't feel comfortable in.

prosaver

Generali wrote: »

You could always provide a link to back up some of your 'facts' rather than tossing around insults.

Just a thought.

Im sick off doing it,
look at my posts (serious ones)

setmefree2

So, how realistic is it? It might well be possible to enter into a Free Trade Agreement (FTA) with the EU. By definition this would not be single-market membership (now out of favour with those advocating Brexit because it entails free movement of labour). The terms of such an FTA are unknowable: they are not all the same and the posture the EU would take in negotiations is highly unpredictable.
Certainly it would require a qualified majority of the European Council and assent by the European parliament – precisely the bodies which those wanting to leave say are impossible to negotiate with satisfactorily even while belonging to them.

Moreover, such deals take time. The EU-Singapore FTA was seven years in the making, while that with South Korea took four years. The deal with Canada, recently touted by leading Eurosceptic, David Davis, as a model for the UK, took five years. In the meantime, the highly uncertain environment would inevitably affect company investment and headquartering decisions. Why risk making an investment in the UK when you don’t know what its trading arrangements are going to be?
You get similar time frames for deals that don’t involve the EU; the Switzerland-China FTA took five years as well. It seems unlikely that the UK on its own could secure better terms than those negotiated by the EU collectively. But would they be signed at all?

The most recent example is the completion of the Trans-Pacific Partnership (TPP) between the US, Japan, Australia and nine other Pacific Rim nations, signed this month. This shows that regional platforms are the name of the game, and the fact that five TPP signatories are Commonwealth members again suggests that such countries are no longer geared towards Britain. TTP has other implications for Brexit too.
First, TTP’s most controversial aspects relate not simply to free trade but to what are ineluctably political agreements about such things as labour rights, state ownership of industry and environmental standards. These agreements, made in secret negotiations, undermine the idea that by making trade deals outside the EU, British sovereignty is regained. In fact, their secrecy means that they lie outside of democratic scrutiny.
Of course the same criticisms have been made of the ongoing Transatlantic Trade and Investment Partnership (TTIP) negotiations between the US and the EU. It’s a fair criticism, but the point is that such things are not just an artefact of the EU and are not escaped by Brexit.

It is hard to predict how full Brexit would play out, because this scale of multiple simultaneous renegotiations of global trade agreements is unprecedented – and no country has ever left the EU. It certainly can’t be assumed that Britain is bound to get quick and good deals because it is a large economy. Whether such an unpredictable outcome is worth risking will be a key debate in the UK’s EU referendum.

http://blogs.lse.ac.uk/europpblog/2016/02/27/how-would-post-brexit-trade-deals-actually-work/

Generali

prosaver wrote: »

Im sick off doing it,
look at my posts (serious ones)

Why bother? All I've seen from you is childish insults.

CLAPTON

setmefree2 wrote: »

More scaremongering - this time from the G20

http://www.theguardian.com/business/2016/feb/27/brexit-could-pose-a-risk-to-the-world-economy-says-draft-g20-communique

http://www.bloomberg.com/news/articles/2016-02-26/imf-china-officials-voice-concerns-over-brexit-at-g-20

I'm sure Cameron asked his political mates in the G20 for a bit of election help.

I understand their next announcement will be to urge Aus and Canada to joint a white christian political superpower as soon as possible otherwise the sun might not shine tomorrow.

setmefree2

CLAPTON wrote: »

I'm sure Clapton is a delightful place.

So you don't live in Clapton London?

setmefree2

Brexit would bring a daunting To Do list

Trade Renegotiate or reconfigure deals with more than 50 countries.

Free movement Agree residence and residual work rights for 3m EU-born UK residents and some 1.8m British passport holders in EU countries. Establish rights for their family members, and future cross-border workers.

Corporate rights Establish rights for UK and EU companies with cross-border affiliates. Clarify contractual obligations, access to courts, and investor rights.

Regulations Renationalise 5,896 full EU regulations and 6,399 technical regulations by ditching them, passing legislation or negotiating a transition. Such regulations currently directly apply to the UK, but are not on the UK statute book.

Directives Renationalise EU directives by adjusting or repealing Brussels-inspired law to adjust to new priorities or adapt to Britain’s new relations with the EU. At least 15 per cent of the UK statute book is based on 978 EU directives and 656 related technical directives.

Air transport Britain potentially loses rights under 78 EU-negotiated agreements. New landing and airport access rights must be agreed with the EU and scores of international governments.

Enforcement National bodies replacing EU agencies need funding, manpower and legal clout to replace EU agencies. This covers competition, trade agreement and protection, farming, pharmaceuticals, chemicals and food safety standards

Money Settle outstanding EU bills. Contributions to 2017-2020 budget expected to be £56.6bn gross and £26.3bn net. Partition share of debts to EU institutions.


http://www.ft.com/cms/s/0/1be51532-dc94-11e5-8541-00fb33bdf038.html#axzz41Mb4vIQa

Brexit = Job Creation Scheme

CLAPTON

setmefree2 wrote: »

So you don't live in Clapton London?

I understand it isn't a christian white superpower so I guess it wouldn't suit everyone