Brexit, the economy and house prices part 5

Malthusian

kabayiri wrote: »

We might have less demand for nail bars and car washes, because people have alternates for these. I don't think these are big tax revenue generators though.

Save Our Slavers. Second Referendum Now.

Moby

buglawton wrote: »

I'd certainly take the bargain basement Singapore standard of living, thankyou. With their GDP/capita (economic output per person) being 27% higher than the UK's.

Welcome to the machine:-
https://www.lifelisted.com/blog/happens-everything-goes-right/


I'm sure the brexiteers of Sunderland will fit right in once J R Mogg shapes our destiny.

Ballard

Rinoa wrote: »

In case you only watch BBC headlines. Just breaking in Australia, possibly the biggest #DespiteBrexit yet: British defence giant BAE Systems has won the tender to design and manage the construction of nine anti-submarine warships. The deal represents the biggest peacetime building programme in Australian naval history and is worth $35 billion, or £20 billion. It is being reported that the clincher was Gavin Williamson’s decision to send Royal Navy ships to Australia and the Pacific.

This is indeed very good news. It does, however, beg the question how the deal was clinched whilst we are still in the clutches of the EU. I thought that one of the main reasons for our departure was so that we could secure such deals.

It has been reported on the BBC, by the way.

Moby

https://www.theguardian.com/commentisfree/2018/jun/28/europe-mini-trump-brexit-britain-viktor-orban


The far right has long been the last bulwark of capitalism. Their role is to direct hate and blame at the victims of our socioeconomic model while the nature of the system itself remains entirely unquestioned and so safely protected. These reactionaries use immigration, religion, nationality, race etc. as a means to divide the working class and set us competing over the economic scraps so that we don!!!8217;t look up to see who its dining royally at our expense. Migration is a symptom of the disease, not the cause. The problem is the global system of capitalist exploitation, not the people moving to try and escape its worst excesses.

buglawton

Moby wrote: »

Why wouldn't we have got this contract if we'd stayed in?

Quite possibly. But for some strange reason that good news post will annoy many Remainers.

Rinoa

mayonnaise wrote: »

the Australian vessels will be built in a government-owned shipyard in Adelaide, and few UK jobs will be created as a result

https://www.ft.com/content/845e88e0-7ac7-11e8-8e67-1e1a0846c475

This was the full FT quote you conveniently shortened:

Although the Australian vessels will be built in a government-owned shipyard in Adelaide, and few UK jobs will be created as a result, some of the ships’ components could be supplied by UK subcontractors and higher volumes should allow them to cut costs. In addition, UK design and engineering teams will be involved, retaining expertise for future naval requirements.

There's a lot of people required to design and eengineer war ships.

mayonnaise

Rinoa wrote: »

This was the full FT quote you conveniently shortened:

There's a lot of people required to design and eengineer war ships.

True.
But as someone already mentioned above, how the hell did we manage to clutch this deal while still being a full member of the EU? :think:

fatbeetle

mayonnaise wrote: »

True.
But as someone already mentioned above, how the hell did we manage to clutch this deal while still being a full member of the EU? :think:

Perhaps because, unlike remoaners, Australia is aware we will leave the EU soon, (but not soon enough.)

Ballard

fatbeetle wrote: »

Perhaps because, unlike remoaners, Australia is aware we will leave the EU soon, (but not soon enough.)

But but but... the EU won’t allow us to trade with anyone else.

buglawton

Ballard wrote: »

But but but... the EU won’t allow us to trade with anyone else.

Joking aside, the EU is about to slap tariffs on some categories of USA imports. This would certainly result in retaliatory tariffs against the EU which includes the UK. If my understanding is correct it'll straight away affect lucrative Range Rover exports from the UK to the USA.

Had we not been in the EU it would be our Parliament what would be accountable for any such retaliatory tariffs that might hit our own exporters. I've got a feeling we'd not touch the idea and stay free trade.