If we vote for Brexit what happens

setmefree2

mwpt wrote: »

No, it wouldn't.

As as an EU citizen and believer in the EU as a concept, I hope that the UK does not receive a better deal outside the EU. I don't wish to see the UK punished, or decline, but if the choice is the UK being being excluded or further fractures in the EU because nations see it is better to tear it apart, then my choice is pro EU. I believe many other EU citizens would see it the same way.

I'm happy for us to walk away with nothing if that is what the EU wants. Seems silly however. And what does the lack of confidence to give us a deal tell you about the state of the EU? Are they suggesting if it was easy to leave all countries would? That's dreadful if it's true.

Hollande seems to be suggesting the EU is going to collapse. I must admit I have heard many say this but I thought the EU was strong enough to survive and it only crossed my mind when I read his speech that this might not be the case.

I actually feel sorry for the German people. Their banks are in a terrible mess, their currency is a mess, and their immigration policy is a mess and the south of Europe is relying on them (and they have dreadful unemployment.) And if we walk away with nothing you all will be left trying to cover the £60 billion the EU has asked Britain for over the next 2 years. That must make everyday life seem very fragile. Equally I feel sorry for the French. Honestly, I don't think history will be kind to Merkel and Hollande.

Anyway, I would rather be holding Pounds than Euros - equally I wouldn't want to be overexposed to Europe in any way if Hollande's comments are to be believed.

setmefree2

Can the UK take over existing EU trade agreements?

Building British trade outside the EU is a priority for Theresa May's government, so existing deals could be a useful starting point to any negotiation. But could the UK take over existing trade agreements the EU has with other countries, under "grandfather rights", the phrase for allowing old rules to continue to apply amidst new arrangements?
The short answer is it might be able to do just that.
We do not know that for sure. We are in uncharted waters. And there are some potential complications. But it could conceivably happen, especially as a temporary, transitional path towards a more permanent solution.

http://www.bbc.co.uk/news/business-37574598

wotsthat

CLAPTON wrote: »

isn't it normal for companies to plan for changing prices and exchange rates?

Probably not in the way most people think.

What most businesses do is to try and ensure a level of diversification in customers, products and suppliers. You might call that a plan for changing prices and exchange rates but it's not really - it just buys some time to react to such changes.

If anyone knew to plan for $1.20 or $2.00 Sterling they'd be in the business of currency trading rather than buying and selling widgets.

StevieJ

Conrad wrote: »

We must be punished to stamp out this outbreak of democracy.

Imagine Tony Blair and the Remoaners got thier way, we go back cap in hand to the EU and swear eternal obedience, can you imagine what a little poodle we would become. Is this the Great Britain we built?

A reminder that 37% of the British eletorate voted to leave the EU. Also those that will be most effected were not allowed to vote.

StevieJ

cells wrote: »

looking at the pound today I think I am going to forward place 12 months of orders from my suppliers to be delivered this month, as when they themselves come to buy their EU/USA goods its going to result in more expensive prices.

Business is going to start purchasing for fear of these falls leading to price increases. This will potentially be reported as booming business but it will be forward purchases will will show up as slower business 6-24 months down the line

In our case it EU machine parts.

I should imagine that consumers with spare cash will be splashing to get jobs done and items bought before the large price increases. I guess that will be foreign goods also though

StevieJ

Conrad wrote: »

Listening to the chief of Tate & Lyle, he was explaining how his company will make more profits once tariffs on imported sugar cane are removed, making our sugar much more competitive than the EU's. A prime example of the opportunity that awaits us.

That is great news :T

Sweet poison: why sugar is ruining our health

http://www.telegraph.co.uk/foodanddrink/healthyeating/9987825/Sweet-poison-why-sugar-is-ruining-our-health.html

Herzlos

I certainly made a few splash purchased at the end of June to get stuff before it gets more expensive (admittedly, most of it was imported stuff still priced in GBP), but that'd certainly show a small uptick in sales activity.

CLAPTON

wotsthat wrote: »

Probably not in the way most people think.

What most businesses do is to try and ensure a level of diversification in customers, products and suppliers. You might call that a plan for changing prices and exchange rates but it's not really - it just buys some time to react to such changes.

If anyone knew to plan for $1.20 or $2.00 Sterling they'd be in the business of currency trading rather than buying and selling widgets.

many companies do cover their foreign currency commitment for a year or so. obviously your company doesn't.

that has nothing to do with diversification of customers, products and suppliers unless you reject sales to the euro countries once you reach a pre determined level (seems unlikely to me however).

Filo25

I don't see anyway we'll get a good trading deal by Spring 2019, if immigration is as much of a redline as Theresa May is saying it is.

That would take all of the easy solutions of the table and I think its pretty much inevitable we'd be looking at WTO terms by 2019, with the possibility of something a little better being negotiated down the line, that will be a very slow process however.

I suspect the negotiations will be driven more by political factors on both sides than by economics, that seems to be the direction we are heading in.

CLAPTON

mwpt wrote: »

No, it wouldn't.

As as an EU citizen and believer in the EU as a concept, I hope that the UK does not receive a better deal outside the EU. I don't wish to see the UK punished, or decline, but if the choice is the UK being being excluded or further fractures in the EU because nations see it is better to tear it apart, then my choice is pro EU. I believe many other EU citizens would see it the same way.

So, if the majority of people of the EU considered that there was a better way to organise their economies and societies, you would oppose that because you are a 'believer in the EU as a concept'.
No wonder so much harm has been done by similar mad people because they believed in a 'concept'.