Brexit, the economy and house prices part 5

gfplux

.string. wrote: »

That post could be rewritten, reversing the role of "Brexit" with "Remainers"; whichever way it is done it all adds up to stating "They are totally wrong and I am totally right".

A saying comes to mind; "necessity is the mother of invention" : in other words we as a nation need to get our act together and MAKE it work, not continually moan about the crazy result of the EU Referendum.

Those who still try to sabotage the Brexit process should use their obviously claimed superior intellect to try to make Brexit a success and not continually seek only for reasons it should fail.

So let us do that.
Originally Posted by gfplux View Post
Brexiters voted Brexit as they blamed the EU for a lot of things.
Brexiters continue to blame the EU despite Britain is nearly out of the door.
I suspect Brexiters will continue to blame the EU for every negative that happens between now and the future.
Brexiters will NEVER acknowledge that leaving the EU has any down side.

Remainers like me can not see ANY economic upside for Britain in leaving the EU. Taking back control does not put food on plates or make Britain better at exporting.

Remainers voted Remain as they did not blame the EU for a lot of things.
Remainers continue not to blame the EU despite the fact Britain is nearly out of the door.
I suspect Remainers will not blame the EU foe everything that happens to Britain between now and the future.
Remainers will NEVER acknowledge that leaving the EU has any downside

Brexiters like you can not see ANY economic upside for Britain in leaving the EU.

Now that was fun. Just goes to show.

Lornapink

gfplux wrote: »

So why not listen to your enemy.
Hopefully your Italian friend will listen when you pass the link on. It will be interesting what else she has to say.

I will try and give it a listen.
You might wish to listen to what this Italian journalist said on Saturday. She now says what Brexiteers argued all along; that in the end money talks and there's no way the Italian Gov't will risk it's massive sales, jobs & taxes associated with it's exports to UK, therefore more or less frictionless, free trade will persist.


https://www.bbc.co.uk/iplayer/episode/b09qvd1r/dateline-london-03022018

tracey3596

Ahem.
"The economy will thrive outside the EU’s protectionist tariff wall"

The ability to negotiate free trade agreements is crucially important to the success of Brexit, but it’s only the starter, and entirely misses the main course. The fundamental benefit of leaving the CET doesn’t lend itself to a sound bite or easy explanation on the evening news, but it is based on an iron law of economics – David Ricardo’s Law of Comparative Advantage.
At present, a large protectionist tariff wall surrounds the EU, with goods imported into the EU from outside subject to varying levels of tariff – 10 per cent on cars, and 20-30 per cent on certain food products. This is a tax on consumers, and the extra money paid out is money that could have been retained and saved, or spent on other goods and services.
Leaving the CET would provide an immediate windfall for consumers (and intermediate producers of goods requiring imported components). It would also provide an immediate windfall for the government, which would have delivered voters an effective big tax cut and could expect a bounce in the polls in return.

http://www.cityam.com/280228/economy-thrive-outside-eus-protectionist-tariff-wall


Since so many remainers seem to like expert predictions, there's another.
Somehow I'm thinking that these remainers will not so "for" that one.
:rotfl:

Herzlos

Enterprise_1701C wrote: »

Sorry, but we have not broken the rules, we have simply decided to leave.

And we're not being punished for leaving, only if we break the rules. Sounds pretty reasonable?

Herzlos

.string. wrote: »

Those who still try to sabotage the Brexit process should use their obviously claimed superior intellect to try to make Brexit a success

This comes up quite often, and I'm keen to make Brexit a success. But the question that follows immediately and never gets answered is...

How? What can we do to make Brexit a success?

As far as I can tell (and I've tried hard here) is that the only way to mitigate the damage of Brexit is to do less of it, but that's not patriotic enough.

Herzlos

Lornapink wrote: »

You touch on a critical point. Those clunky Brexit Impact Assessments are merely linear extrapolations from a current setting, they take no account of policy mitigation and innovation.

A very good point. So what policy changes or innovation do you see happening that'll turn this into a success?

We're not innovating anything, and all policy changes seem to be to try and mitigate damage. Where's our massive investment in industry, or technology, or energy, or food production, or, well, anything?

We've got a bit of funding for electric cars, but that seems to be more playing catch up than leading the field.

What can we do (individually or as a nation) to make a success out of Brexit?

Herzlos

Lornapink wrote: »

Of course the EU is threatening things

Can you provide a single citation of the EU threatening anything?
I don't mean them pointing out the bleeding obvious, but actual threats intended to bully us or make our life harder.

tracey3596

Herzlos wrote: »

And we're not being punished for leaving, only if we break the rules. Sounds pretty reasonable?

"Welcome to our union.
You can leave when you want.
This will however mean you surrendering all your personal possessions, your livelihood, your home and - if you don't strictly follow our union code to the letter - we reserve the right to send "the boys" round at any time."
Signed: Barnier & Tusk.

Herzlos

Except none of that's true, is it Tracy?

Herzlos

tracey3596 wrote: »

Ahem.
"The economy will thrive outside the EU’s protectionist tariff wall"


http://www.cityam.com/280228/economy-thrive-outside-eus-protectionist-tariff-wall


Since so many remainers seem to like expert predictions, there's another.
Somehow I'm thinking that these remainers will not so "for" that one.
:rotfl:

Did you read it? It's largely economic garbage.

It's suggesting tariff free trade with the world, so FTA's with everyone, and a vast reduction in regulation.

There are a few problems though:
* If we reduce too much regulation we won't be able to get a FTA with the EU.
* We rely too heavily on services, which we aren't going to get in a FTA with the EU.
* We do lose a huge amount of bargaining power and will likely need to take a pretty imbalanced deal from a protectionist state to get something resembling a FTA.
* Tariff free trade with the world will destroy most of our local industries, where stuff (like sugar) can be imported for a fraction of the cost.