Debate House Prices


In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non MoneySaving matters are no longer permitted. This includes wider debates about general house prices, the economy and politics. As a result, we have taken the decision to keep this board permanently closed, but it remains viewable for users who may find some useful information in it. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

World Trade Organisation Rules

1…1314161819

Comments

  • wotsthat
    wotsthat Posts: 11,325 Forumite
    Rinoa wrote: »
    If 56% of our exports are currently outside the EU, outside the single market and with tariff barriers to overcome, I don't believe we should be overly concerned. The US sells £200Bn to the EU annually on WTO terms.

    44% of trade with a single trading entity is a huge amount of exports. If we go the WTO route then it will decline rapidly and anyone involved will have nostalgia for the good old days of dealing with EU red tape. I don't believe it will get to that because the damage to the UK would be dramatic and the EU economy would also be damaged.

    A pragmatic solution would be to get a deal with the EU and get it quickly even if it's sub-optimal. We could then wait to see if Conrad's magnificent third age of prosperity arrives and, if it does, renegotiate a better deal with the EU.
  • CLAPTON
    CLAPTON Posts: 41,865 Forumite
    10,000 Posts Combo Breaker
    wotsthat wrote: »
    44% of trade with a single trading entity is a huge amount of exports. If we go the WTO route then it will decline rapidly and anyone involved will have nostalgia for the good old days of dealing with EU red tape.


    why will the level of trade decline rapidly?
  • Rinoa
    Rinoa Posts: 2,701 Forumite
    wotsthat wrote: »
    If we go the WTO route then it will decline rapidly

    Doubtful. Average WTO tariff would be 4%. If the £ stays where it is we've overcome that obstacle already.
    If I don't reply to your post,
    you're probably on my ignore list.
  • Kohoutek
    Kohoutek Posts: 2,861 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    CLAPTON wrote: »
    why will the level of trade decline rapidly?

    Here's some forecasts

    http%3A%2F%2Fcom.ft.imagepublish.prod.s3.amazonaws.com%2Fd1c6407a-370b-11e6-a780-b48ed7b6126f?source=next&fit=scale-down&width=600
  • Rinoa
    Rinoa Posts: 2,701 Forumite
    Kohoutek wrote: »
    Here's some forecasts

    http%3A%2F%2Fcom.ft.imagepublish.prod.s3.amazonaws.com%2Fd1c6407a-370b-11e6-a780-b48ed7b6126f?source=next&fit=scale-down&width=600
    Probably the same experts who forecast 20% falls in the ftse. But it didn't fall, it went up.
    If I don't reply to your post,
    you're probably on my ignore list.
  • CLAPTON
    CLAPTON Posts: 41,865 Forumite
    10,000 Posts Combo Breaker
    Kohoutek wrote: »
    Here's some forecasts

    http%3A%2F%2Fcom.ft.imagepublish.prod.s3.amazonaws.com%2Fd1c6407a-370b-11e6-a780-b48ed7b6126f?source=next&fit=scale-down&width=600



    these are not estimates of the FALL in GDP but estimates of the reduction in growth
    so it is estimated that we will be richer but maybe not as rich as we might have been

    I'm sure we will all suffer due to the reduction in the GDP associated with imputed rents.
  • mwpt
    mwpt Posts: 2,502 Forumite
    Sixth Anniversary Combo Breaker
    Rinoa wrote: »
    Probably the same experts who forecast 20% falls in the ftse. But it didn't fall, it went up.

    It did fall.
  • Rinoa
    Rinoa Posts: 2,701 Forumite
    mwpt wrote: »
    It did fall.

    They didn't say it would fall for a day or two and one week later would be higher than before Brexit. The 'experts' got it 100% wrong. Isn't it time to stop quoting them?
    If I don't reply to your post,
    you're probably on my ignore list.
  • mrginge
    mrginge Posts: 4,843 Forumite
    Probably best to understand what a graph actually represents before trying to use it illustrate something.
  • mrginge
    mrginge Posts: 4,843 Forumite
    mwpt wrote: »
    It did fall.

    Apparently a coach load of Russian tourists arrived at Dover on Thursday, so it looks like WW3 has also started.
This discussion has been closed.
★ ★ ★ Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351.3K Banking & Borrowing
  • 253.2K Reduce Debt & Boost Income
  • 453.7K Spending & Discounts
  • 244.2K Work, Benefits & Business
  • 599.4K Mortgages, Homes & Bills
  • 177.1K Life & Family
  • 257.7K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.2K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.
Update Your Picture