If we vote for Brexit what happens

cashbackproblems

sheff6107 wrote: »

It's actually the reverse - the liquidity is to prevent deflation rather than a scramble to prevent inflation.

Yes deflation is worse than inflation as it discourages spending in the economy but this does not mean the inflation risk is lower. It is accepted the link from printing money to inflation can take 2 years.

cashbackproblems

ciderboy2009 wrote: »

It's misquotes like this which are causing problems though.

Vodaphone actually stated that it was too early to draw any firm conclusions regarding the long-term location for their headquarters.

As for Ryanair - O'Leary has stated that said the airline's overall growth targets remained unchanged.

http://uk.businessinsider.com/brexit-goldman-sachs-vodafone-moving-uk-jobs-eu-referendum-2016-6

of course the actual process of moving will take time, which is why at the moment it is just an announcement by Vodafone that they are considering moving their HQ. This is an indication that if they are many others are who don't make the headlines but still employ people

Ryanair and Virgin have both confirmed that they have scrapped investment plans thus 1000's of potential new jobs.

cells

CLAPTON wrote: »

of course previously you have given very detail and lucid arguments why this doesn't actually happen

firstly there is no requirement for the UK to impose any tariff barriers
however if the pound falls (which is probable due to our huge trade deficit, then overall imported products will become more expensive

this will mean that home produced products will be substituted for imports and our exports will be cheaper overseas or the EU exporters will need to reduce prices to maintain sales.

yes where products are subsitutable they will be. There is a problem however in that a lot of people are brand loyal and not all that good at being MSE.

So while we can produce all the bottled water we want and need, we will still have people importing french bottled water as people like the advertised branded stuff like evian rather than highland spring.

Also with cars there will be a specific demand profile while production might not match that. for instance the UK might want to all drive estates and we might be producing nothing but small hatchbacks. So its not easily subsituteable.

If this brexit does go ahead i do hope that we see some sort of business and government push to identify imports that are and should be displaced by local production. Maybe some back door dealings and pressure with the big retailers to stock less EU goods and more UK produced goods. Or maybe even a quota of goods.

At this stage we simply dont know how bad things will be. Maybe the UK economy is strong enough and nimble enough to quickly retool and reduce both imports and exports by a large margin quickly without putting pressure on domestic consumers with higher prices. who knows at this stage. I do know one company which has abandoned plans to open a factory making compressors. It would likely have been loss making for a good number of years and it needs the EU market the UK isnt big enough by itself to make it viable.

baza52

Stock markets and the pound have continued their uneasy recovery in the wake of the post-Brexit vote hammering of values.

The FTSE 100 was 2% up in early afternoon trade at 6266 - following on from a near-160 point or 2.6% rise on Tuesday - though its value remained down on the pre-result level of last Thursday's close.

Banking stocks and housebuilders were among the winners while travel-related stocks lost out following the terror attack in Turkey that left dozens dead at Istanbul's main airport.

Major stock indices around the world surged higher for a second day while the mid-cap FTSE 250 was up a further 1.9%.

ciderboy2009

cashbackproblems wrote: »

http://uk.businessinsider.com/brexit-goldman-sachs-vodafone-moving-uk-jobs-eu-referendum-2016-6

The critical word in that report though is 'considering'.

I've previously considered selling my house and gambling the money on a spin of the roulette wheel but am highly unlikely to do it!

In fact, if you read further down the report then the reason given by Vodafone is that the "very large majority of our 462 million customers, 108,000 employees and 15,000 suppliers are based outside the UK" so it's likely to be something they've been considering for some time anyway.

Missus_Hyde

We may not see house prices drop further until unemployment starts to rise or wages stall as investors actually do pull out of the UK in favour of more stable markets.

Having looked on Rightmove in the area where I live (West Sussex) there appears to be no reduction in the price of houses, so far. If anything, they appear to be even more expensive.

Also in the West Country (Minehead) the houses seem to be exactly the same price as they were before last Thursday.

Rinoa

cells wrote: »

Also your claimed £8 billion in taxes on europe exporting to the UK is not fiscal neural. That £8 billion will result in more or less £8 billion increase in the cost of those products plus the currency move. So if the UK imports £100 billion of European manufactured cars the Europeans are going to still charge us £100B for them and hand the government over a £10B tarriff. They are going to charge us £110B plus more for the currency movements. So the £10B is akin to the government putting up taxes it isnt a free lunch

You've just described how EU tariffs work. They seem to prefer it so can't be such a bad plan. And as you have previously said, we'll consume more of our own stuff and less imported stuff.

Rinoa

cells wrote: »

the tax system cant favor one type of company over another

Tell that to BTL landlords.

cells wrote: »

nor can we subsidies our exports the other WTO countries wont have it

Tell that to France.

ruggedtoast

Well well well. This is just priceless.

The EU 27 have just met, without us, and are in unanimous agreement that Britain will have to accept freedom of movement if we want a trade deal.

Just to clarify, as the Leave people were always complaining, EU countries can't have independent trade arrangements so we basically take that or have no trade deal at all with Europe.

So just as predicted, we get all the immigration from Europe, and absolutely NO SAY in anything at all.

[Text removed by MSE Forum Team]

It will make no difference whatsoever.

CLAPTON

ruggedtoast wrote: »

Well well well. This is just priceless.

The EU 27 have just met, without us, and are in unanimous agreement that Britain will have to accept freedom of movement if we want a trade deal.

Just to clarify, as the Leave people were always complaining, EU countries can't have independent trade arrangements so we basically take that or have no trade deal at all with Europe.

So just as predicted, we get all the immigration from Europe, and absolutely NO SAY in anything at all.

So you absolute fricking cretins who voted Leave because you don't like foreigners.

It will make no difference whatsoever.

this is exactly what we need
an absolutely clear and non negotiable statement from that EU that unlimited free movement of people, so there is no possible doubt.

what is your position on the unlimited immigration toastie?