Brexit, The Economy and House Prices (Part 2)

cogito

setmefree2 wrote: »

https://www.bloombergquint.com/global-economics/2017/07/21/even-brexit-can-t-dim-exodus-from-eu-s-fastest-shrinking-nation

I've posted about this many times. It's the big flaw in freedom of movement. If hundreds of thousands of Lithuanians leave the country, ideally hundreds of thousands should be going the other way. The EU should really be concentrating their efforts on making Lithuania a great place to live and work but they are too firmly wedded to their four pillars.

Thrugelmir

gfplux wrote: »

The multinationals have the most power when it comes to the lobby.

Power is in the voice that's heard. That's all. Fortunately there's plenty of other smaller voices that get listened too.

Thrugelmir

gfplux wrote: »

I am assuming there is a tariff on US made BMW's when shipped to Britain at the moment. Does anyone know?

Import duties apply across the board. There's no free trade with the US. BMW's are made in the US. As that's where their market is for the type of vehicle produced.

Rinoa

gfplux wrote: »

I am assuming there is a tariff on US made BMW's when shipped to Britain at the moment. Does anyone know?

BMW make the X3,X4,X5 and X6 in the US and import them into the EU. No hassle, no worries.

They pay 10% tariff under WTO rules. And sell plenty.

cogito

Interesting article in the Excess:

http://www.express.co.uk/comment/expresscomment/831675/Brexit-bill-uk-money-collapse-eu-ross-clark

If Barmier is quoted correctly, there would seem to be quite a lot of desperation in the EU about the loss of the UK'S contributions.

Also interesting that the article says that Luxemburg receives nearly 30 times as much in EU handouts as the UK on a per capita basis. What?

gfplux

Thrugelmir wrote: »

Import duties apply across the board. There's no free trade with the US. BMW's are made in the US. As that's where their market is for the type of vehicle produced.

Sorry but you are completely wrong if you think they only make cars there for the domestic market.
BMW export many of the cars made in South Carolina.
I have owned two BMW in the last ten years built there.

"The BMW US Manufacturing Company is a vehicle assembly facility for BMW Group and is located in Spartanburg, South Carolina;[3] it is BMW's only assembly plant in the United States. The plant's principal purpose is to assemble certain BMW models for the world market. It does not assemble all the BMW models sold in the U.S. market. The plant is currently BMW's sole global production site for X3, X4, X5, and X6 cross-over SUVs. These models are exported from BMW Spartanburg"
https://en.m.wikipedia.org/wiki/BMW_US_Manufacturing_Company

If there is a free trade deal between USA/UK those models will be cheaper or give BMW a higher profit.
Those muscle cars will be also more attractively priced. Also Tesla.

However a "free trade deal" is rarely free trade for everything. Special interests spend money and favours trying to either protect their manufacturing base or making special exception. That's one of the reasons these trade deals can take a long time. The import free of duty of widgets can destroy the widget industry and jobs in a country. Yes free trade is good but would you want to sacrifice YOUR job on the alter of free trade?

setmefree2

Thrugelmir wrote: »

Power is in the voice that's heard. That's all. Fortunately there's plenty of other smaller voices that get listened too.

Yes - for me that is a lot of what Brexit is about - bringing back power/ democracy to the voter, so multinationals can't bypass democracy by lobbying the unelected commission and council.

Good on Brexiters for that.

setmefree2

cogito wrote: »

If Barmier is quoted correctly, there would seem to be quite a lot of desperation in the EU about the loss of the UK'S contributions.

Also interesting that the article says that Luxemburg receives nearly 30 times as much in EU handouts as the UK on a per capita basis. What?

I think it has taken everyone by surprise how much it is all about money for the EU. You'd have thunk they would have treated us better wouldn't you? Instead of treating David Cameron like a pile of the proverbial.

Thrugelmir

gfplux wrote: »

Sorry but you are completely wrong if you think they only make cars there for the domestic market.
BMW export many of the cars made in South Carolina.
I have owned two BMW in the last ten years built there.

I am referring to the size of the domestic market for SUV's. That's all. Far bigger than that of Luxembourg.

setmefree2

Chris Grayling will visit the U.S. next week in order to meet with his counterpart there for discussions about a new trans-Atlantic air services agreement for the U.K. that would replace one brokered by the EU, he revealed. Under the existing ‘Open Skies’ treaty carriers such as British Airways enjoy unfettered access to the American market, with the deal also underpinning a lucrative joint venture between BA and American Airlines.

The minister spoke following the launch of the consultation process on a new aviation strategy for the U.K. which he said would aim to maximize global connectivity and further expand an air transport and aerospace sector that contributes 22 billion pounds ($29 billion) to the economy each year.

https://www.bloomberg.com/news/articles/2017-07-21/u-k-flights-could-never-be-grounded-by-brexit-grayling-says