If we vote for Brexit what happens

CLAPTON

Joeskeppi wrote: »

Did you know the eu is currently funding £280m for expansion of facilities at UCL, £700m funding for the Thames Tideway Tunnel, and £360m funding towards the smart meter roll out by British Gas. This is all part of £16b investment in British projects over the last 3 years (crossrail, Manchester metrolink etc.)

do you have a reference for this?

baza52

CLAPTON wrote: »

do you have a reference for this?

Joe will no doubt ask you to dis prove it rather than him showing us facts.

Rinoa

Joeskeppi wrote: »

Did you know the eu is currently funding £280m for expansion of facilities at UCL, £700m funding for the Thames Tideway Tunnel, and £360m funding towards the smart meter roll out by British Gas. This is all part of £16b investment in British projects over the last 3 years (crossrail, Manchester metrolink etc.)

It's very kind of the EU to take our money, give us back a fraction of that sum, and then claim credit for projects they fund with our own money.

We are then obliged under EU rules to erect huge signs with the EU flag emblazoned thereon proclaiming the project is generously funded by the EU.

System

baza52 wrote: »

Joe will no doubt ask you to dis prove it rather than him showing us facts.

Why would I say this? What I said was the onus of proof was on the person making the statement, not the person reading it. Keep up. Maybe you can't read properly through the white hood.

CLAPTON wrote: »

do you have a reference for this?

https://www.ucl.ac.uk/news/news-articles/0416/280416-european-investment-bank

http://www.eib.org/infocentre/press/releases/all/2016/2016-114-gbp-700m-european-investment-bank-backing-for-thames-tideway-tunnel.htm

http://www.eib.org/infocentre/press/releases/all/2015/2015-287-british-homes-to-get-smart-meters-under-eur-315-billion-investment-plan-for-europe.htm

CLAPTON

Joeskeppi wrote: »

Why would I say this? What I said was the onus of proof was on the person making the statement, not the person reading it. Keep up. Maybe you can't read properly through the white hood.



https://www.ucl.ac.uk/news/news-articles/0416/280416-european-investment-bank

http://www.eib.org/infocentre/press/releases/all/2016/2016-114-gbp-700m-european-investment-bank-backing-for-thames-tideway-tunnel.htm

http://www.eib.org/infocentre/press/releases/all/2015/2015-287-british-homes-to-get-smart-meters-under-eur-315-billion-investment-plan-for-europe.htm

I had in mind the figure of 16 bn over 3 years
that seems to be about 5.3 bn per annum

so I understand our finances with the EU
our gross paymant is 18bn, less (Thatcher) rebate of 5bn so a net 13bn
of which about 4bn is spent in the UK each year
-that 4 bn includes all the farming subsidies etc
so you quoting 5.3 bn per annum on capital projects seems a little high

System

wotsthat wrote: »

Dell have put their prices for PC's up by 10%.

The UK's PC makers rejoice.

Why can't we just train them to make PC's?

System

CLAPTON wrote: »

I had in mind the figure of 16 bn over 3 years
that seems to be about 5.3 bn per annum

so I understand our finances with the EU
our gross paymant is 18bn, less (Thatcher) rebate of 5bn so a net 13bn
of which about 4bn is spent in the UK each year
-that 4 bn includes all the farming subsidies etc
so you quoting 5.3 bn per annum on capital projects seems a little high

As I understand it that £4bn is only treasury money, can't find much on the other cash that we get though.

http://www.telegraph.co.uk/news/newstopics/eureferendum/12176663/EU-Facts-how-much-does-Britain-pay-to-the-EU-budget.html

The Treasury says total EU payments to British public were £4.4 billion in 2015. Payments to private organisations were worth another £1.4 billion in 2013 (the most recent year on record.) That suggests we get back almost £6 billion a year.

mwpt

Article on the Financial Times website which I can't read (paywall) but the headline is
"Berlin bids to replace London as post-Brexit fintech capital"

I mentioned this several times pre referendum on this forum. It is fairly well known in the tech startup scene that Berlin is competing for this sector.

CLAPTON

Joeskeppi wrote: »

Why would I say this? What I said was the onus of proof was on the person making the statement, not the person reading it. Keep up. Maybe you can't read properly through the white hood.



https://www.ucl.ac.uk/news/news-articles/0416/280416-european-investment-bank

http://www.eib.org/infocentre/press/releases/all/2016/2016-114-gbp-700m-european-investment-bank-backing-for-thames-tideway-tunnel.htm

http://www.eib.org/infocentre/press/releases/all/2015/2015-287-british-homes-to-get-smart-meters-under-eur-315-billion-investment-plan-for-europe.htm

in appears that theses are simply loans which have to be repaid.

wotsthat

CLAPTON wrote: »

If general, a drop in the trade weighted value of the pound, will lead to more import becoming more expensive.
This will generally lead to UK people substituting home produced products for imported products.
It also means that exporters can reduce their prices in local (consuming) countries and / or increase their profit margins in UK currency.
Inflation will probably rise int he UK
If the overall effect is to reduce imports and increase exports, then this will reduce our very high trade deficit and reduce our need to borrow foreign currency.
A lower currency will encourage overseas money to invest in the UK and to buy UK assetts.
There will be people who are be winners and and some will be losers.

We won't have a trade agreement with Europe for months or years. That's going to be an uncertainty any inward investment will consider when deciding where to allocate capital. No point investing to take advantage of a favourable exchange rate if you don't know the terms of export to the EU.

Quoting from economics 101 won't change this.

And as for finding a positive in the trade deficit reducing because things we like to buy have dramatically increased in price is brexonomics at its best.