Brexit, the economy and house prices part 5

Herzlos

Honey_Badger wrote: »

I'm not sure this story holds water, as I understand it:

1) The concerns revolve around delays and paper work due customs clearance as aviation products are tariff free. As another poster said China isn't in the EU so that doesn't seem to make sense.

2) I cannot see that a much longer journey from China makes any sense at all, if you are concerned about delivery times. Especially given 3. below.

I assume they are built in both the UK and China at the moment. If it becomes harder / more expensive to ship from UK->EU, and China gets a FTA with the EU, it may make sense to shift more production from UK to China.

Herzlos

Tromking wrote: »

Wage bills that the U.K. will no longer need to part fund I’m assuming and the financial ‘loss’ of two such agencies will be offset by us having to do the job ourselves

Wage bills that are no longer part paid by the UK, but now no longer feed back into the UK economy via income tax, council tax, VAT, capital gains tax, and so on. That £75m in wages could easily represent £25-30m in income tax alone.

Plus, we don't know if we'll actually save our share in the cost of these agencies, because it's likely the UK equivalents will cost more than our share due to the loss of economies of scale. We're also going to have to spend money travelling back and forth to their offices to interact with them on a regular basis, spending even more money in the local economies.

LHW99

Plus, we don't know if we'll actually save our share in the cost of these agencies, because it's likely the UK equivalents will cost more than our share due to the loss of economies of scale. We're also going to have to spend money travelling back and forth to their offices to interact with them on a regular basis, spending even more money in the local economies.

So how have medical companies coped with selling into the US, who require FDA regulations to be satisfied for medicines / medical devices, rather than EU rules?
Having a Quango to put in regulations in is fine, but these then need to be enforced, and that didn't seem to happen in the case of the PIP implants, the J+J metal on metal hip replacement etc.
Arguably these days the regulation needs to be global, not country or even continent wide, so the opportunity should be there after Brexit to create a system that can help companies understand their obligations for all medcal drugs and appliances in every area of the world they wish to market into, rather than having to look things up individually for each product type / administration.

gfplux

Thrugelmir wrote: »

Old news. Time to change the record.

Now why would remoaners do that. Lies of this magnitude will echo down through history for decades to come.

Just to remind you.
Members of today's cabinet said £18 billion was sent to the EU and that money could be given to the NHS.
The big red bus will not drive away into the distance. It is the Albatross hanging round the neck of the quittlings.

gfplux

LHW99 wrote: »

So how have medical companies coped with selling into the US, who require FDA regulations to be satisfied for medicines / medical devices, rather than EU rules?
Having a Quango to put in regulations in is fine, but these then need to be enforced, and that didn't seem to happen in the case of the PIP implants, the J+J metal on metal hip replacement etc.
Arguably these days the regulation needs to be global, not country or even continent wide, so the opportunity should be there after Brexit to create a system that can help companies understand their obligations for all medcal drugs and appliances in every area of the world they wish to market into, rather than having to look things up individually for each product type / administration.

Interesting thoughts.
I didn't know Brexit was also about reinventing the wheel. Britain will need to focus on its needs if it is to make any success out of the Brexit Crisis.

Herzlos

LHW99 wrote: »

So how have medical companies coped with selling into the US, who require FDA regulations to be satisfied for medicines / medical devices, rather than EU rules?
Having a Quango to put in regulations in is fine, but these then need to be enforced, and that didn't seem to happen in the case of the PIP implants, the J+J metal on metal hip replacement etc.
Arguably these days the regulation needs to be global, not country or even continent wide, so the opportunity should be there after Brexit to create a system that can help companies understand their obligations for all medcal drugs and appliances in every area of the world they wish to market into, rather than having to look things up individually for each product type / administration.

I don't entirely follow. I don't think anyone said the UK won't cope by having a different agency for medical standards. Just that the UK having it's own agency which replicates EU work and regulations won't save the UK any money, before factoring in the economic loss of moving an agency away.

So now we'll have to deal with the our local agency, the FDA and the EMA.

Maybe we should be pushing to globalize it; that'd yield the biggest benefits.

GunJack

Herzlos wrote: »

I don't entirely follow. I don't think anyone said the UK won't cope by having a different agency for medical standards. Just that the UK having it's own agency which replicates EU work and regulations won't save the UK any money, before factoring in the economic loss of moving an agency away.

So now we'll have to deal with the our local agency, the FDA and the EMA.

Maybe we should be pushing to globalize it; that'd yield the biggest benefits.

The Yanks would never go for that, unless the "global" standards were the FDA standards, and unfortunately the FDA have already shown themselves to be untrustworthy and unscientific...

cogito

Herzlos wrote: »

I assume they are built in both the UK and China at the moment. If it becomes harder / more expensive to ship from UK->EU, and China gets a FTA with the EU, it may make sense to shift more production from UK to China.

FTA between Cina and the EU? When might that happen?

cogito

gfplux wrote: »

Interesting thoughts.
I didn't know Brexit was also about reinventing the wheel. Britain will need to focus on its needs if it is to make any success out of the Brexit Crisis.

Crisis? What crisis?

Tromking

cogito wrote: »

Crisis? What crisis?

He’s a Luxembourger, the loss of an EU quango would amount to a crisis to him.