If we vote for Brexit what happens

setmefree2

The prime minister is under pressure, economists are slashing growth forecasts and companies are warning of Brexit’s dire consequences. London? No, Dublin.
The intertwining of trade and finance means no other country is feeling the fallout from the U.K.’s vote to leave the European Union more than Ireland. In the year the Irish marked the centenary of their uprising against British rule, the country remains at the mercy of the unfolding drama in its closest neighbor.

http://www.bloomberg.com/news/articles/2016-07-17/ireland-hits-brexit-alarm-in-biggest-foreign-crisis-in-50-years

setmefree2

Thailand is revving up free trade talks with Britain after the latter's decision to leave the European Union makes it easier for it to pursue international trade talks. Deputy Commerce Minister Suvit...

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Thai lager - very tasty :beer:

cells

Generali wrote: »

I imagine that people buy locally out of season food from Tesco because they quite like it. Hopefully Brexit won't mean the squashing of all human enjoyment to enable Britain to limp along keeping her people in sullen mediocrity.

Food is mostly processing. Base ingredients are extremely cheap. Typically in the region of 10-30p a kilo. While a lot of the food we buy is processed foods at 10x that cost.

We can also buy base ingredients to produce other base foods. For instance you might buy corn and feed it to chickens to make chicken.

Food is also hugely interchangeable. People don't have to eat or drink x

So food is one sector that I really wouldn't worry about. If anything it's one sector I think would expand and do very well if tariffs were in place.

buglawton

To sort out our import export deals and controls it looks like we'll need 100s of new trade negotiators - we have 20, EU 600 apparently. The joke going round is we'll need immigrants to do it.

However we have moved on a lot in 43 years since we joined EU, I believe that some slick IT systems will automate and cut the work down to a manageable size.

Thinking of when I used to do import from China and UK selling, I used an online tool to get tariff info and also a system built into my online shop to auto calculate postage for different countries, postcodes etc.

We're in a new globalisation-ready world now.

Thrugelmir

Generali wrote: »

Plenty of places. I'm not sure I'd fancy eating a lettuce that had been on a boat for a week from Africa and flying food is expensive and produces a lot of CO2e.

Ever wondered how crisps are produced all year round with consistent quality?

gfplux

cells wrote: »

Food could very easily be produced in the UK

What we import tends to be higher value added foods. So we don't really import say sugar oil flour from France (we might do but it would be an insignificant money sum) instead we import processed foods.
So instead of importing 1kg of ingredients at £0.50 to make a box of chocolate we import a kg box of chocolate for £5


I doubt we would go into this level of micro management but the Uk could in theory place quotas or simply ban certain things. For instance if the UK baned the importing of wine we probably could not replace that with domestic production. But if it happened we would just drink and eat other things that can and would be grown or proceeded on the UK.

What we could surely do is drink more UK bottled water rather than importing £500m of the stuff each year!

Sadly any Politicien asking/urging people to do something in their OWN interests would fall on deaf ears. Just look at litter. We all know it is wrong to drop litter BUT someone does enough of it in Britain that we have a lot of it.

Rinoa

Wells Fargo Bank.

Just paid $400m for office space in London.

http://www.csmonitor.com/Business/2016/0718/Brexit-scare-over-Why-Wells-Fargo-bought-a-400M-building-in-London

brit1234

Prices of luxury London homes 'could fall as much as 50pc'

House prices in the most expensive postcodes of central London could fall by as much as 50pc, according to analysis by Soci!t! G!n!rale.

http://www.telegraph.co.uk/property/house-prices/prices-of-luxury-london-homes-could-fall-as-much-as-50pc/

Cause Brexit effects on financial firms in London. I can't see the house price falls not rippling out across the country in the same way as when they were going up.

gfplux

Generali wrote: »

I have my doubts. The UK would find it extremely difficult to produce salad vegetables in December or tomatoes in bulk at all.

That the UK imports 90% of vegetables consumed is very revealing.

Look at the last time that the UK tried to be self-sufficient in food, the 1940-50 period. Most foods had to be rationed and I suspect that having almost no choice of fruit and vegetables in winter and early spring would get pretty boring pretty fast.

What the UK imports tends to be low value add. The UK imports almost £9bn of fruit 'n' veg (the largest import category) but is a net exporter of drinks.

I leave it for other posters to comment on the feasibility of getting rid of cars in London. I suspect that cabbies wouldn't be that impressed to hear that you had closed down their industry!!!

I was born in the 40's and it was the 60's before most of the vegetable and fruits on sale were more than potatoes and cabbage . Yes production has changed but without the EU we would still have only potatoes and cabbage. Free trade has brought many advantages we will have to wait and see how our diet will change. At least we will be in charge of our own destiny.

Crashy_Time

brit1234 wrote: »

Prices of luxury London homes 'could fall as much as 50pc'

House prices in the most expensive postcodes of central London could fall by as much as 50pc, according to analysis by Soci!t! G!n!rale.

http://www.telegraph.co.uk/property/house-prices/prices-of-luxury-london-homes-could-fall-as-much-as-50pc/

Cause Brexit effects on financial firms in London. I can't see the house price falls not rippling out across the country in the same way as when they were going up.

The fact that stuff like the "50% crash" that was laughed at when discussed on housepricecrash forum is now just media fodder must have an effect on sentiment IMO.