Brexit, the economy and house prices part 5

Ballard

Rinoa wrote: »

If WTO is so bad for us, how is it we have a healthy £20Bn trade surplus with the rest of the world under WTO rules - yet we have a £70Bn trade deficit with the EU?

How do we have such healthy trade with the rest of the world when the EU won’t allow us trade deals?

Ballard

PDQ wrote: »

Trade isn't always done with trade deals in place you know.
Think of the potential to improve that surplus with trade deals in place.

What has stopped us dealing with those countries up to now?

Ballard

PDQ wrote: »

And I see that there's still EU talk of rebutting UK suggestions for soft Brexit.
As for the division of assets and "reneging on deals", from here it looks like the EU doing the reneging.
Refusing British jobs in current EU roles while we are still members, refusing British applications for current EU contracts while we are still members, threatening the UK over airspace, medicines etc.
We'll ignore all those though.

I can see no correlation between my post and yours.

kabayiri

phillw wrote: »

...
Nobody has ever suggested it will be a trade blockade. Only that we'll have to abide by WTO rules, which is horrendous for some British industry and they have plans to move manufacturing. Remember that the Japanese car manufacturers only built here because we were in the EU, they can trade under WTO terms themselves from Japan & follow our protectionist stance.
...

What if you (as in "one") personally believe that mass car production in Europe is on numbered days anyway?

If we were having this discussion 50 years ago, people would object to change in case we lost our motorcycle industry; or televisions; or other goods.

It all happened though. Being in the EU meant close to nought when it comes to preventing any of this change.

I'm not claiming that people in a post-Brexit will have the answer, but being inside the EU is no safeguard in the long run.

Malthusian

kabayiri wrote: »

What if you (as in "one") personally believe that mass car production in Europe is on numbered days anyway?

Mass car consumption might be numbered but mass car production will roll on for years in the EU nonetheless. What better way to fulfill the European social contract than to turn it into a continental version of Detroit.

cogito

PDQ wrote: »

Yes we've seen the threatened hundred thousand move already.

An American banker was asked whether banks would relocate to Frankfurt after Brexit and said that it wouldn't happen. When asked why, he simply said 'our wives'.

They much prefer London with all its attractions to a boring German city.

buglawton

phillw wrote: »

They've offered us lots of different options, WTO/EEA/etc. If you mean cut their own throat just to please us, then no they aren't going to do that. Why would they? Just to stop your inane laughter?

What are you talking about? WTO is the option favoured by the people running Brexit.

Nobody has ever suggested it will be a trade blockade. Only that we'll have to abide by WTO rules, which is horrendous for some British industry and they have plans to move manufacturing. Remember that the Japanese car manufacturers only built here because we were in the EU, they can trade under WTO terms themselves from Japan & follow our protectionist stance.

This suggestion of blockade and punishment seems like you are desperate for a fight.

OK, so nothing to see here, move along please!
https://www.thesun.co.uk/news/6837419/chief-remoaner-claims-no-deal-would-put-britain-in-state-of-emergency-but-dominic-raab-says-well-thrive-no-matter-what/

Zero_Gravitas

buglawton wrote: »

OK, so nothing to see here, move along please!
https://www.thesun.co.uk/news/6837419/chief-remoaner-claims-no-deal-would-put-britain-in-state-of-emergency-but-dominic-raab-says-well-thrive-no-matter-what/

Slightly bizarrely, that link takes me to the Independent web site:

https://www.independent.co.uk/news/uk/politics/brexit-deal-latest-eu-uk-dominic-greave-jacob-rees-mogg-cbi-a8443241.html

and not the Sun...

Ballard

cogito wrote: »

An American banker was asked whether banks would relocate to Frankfurt after Brexit and said that it wouldn't happen. When asked why, he simply said 'our wives'.

They much prefer London with all its attractions to a boring German city.

Being as you’ve quoted a reliable source you’ve put my mind at ease.

Ballard

PDQ wrote: »

Because you pay so much attention to other factual sources and information, you mean?

I see that - following the UK's record foreign investment in 2016 - FDI rose even further in 2017, the first full year following the referendum.
Twelve billion pounds more in fact.
It looks like the rest of the world are not as scared of the UK's future as our own remainers are.

Do you think that the double percentage drop in Sterling might have had an impact in foreign investment?