Brexit, the economy and house prices part 5

Arklight

Lornapink wrote: »

In case anyone missed it, Radio 4 had an Aussie guest on last night about 5.15pm going through some of the incredible Brexit opportunities ahead. One of these is proper autonomy with The 2 billion citizen Commonwealth, where most citizens are now tier 3 income earners ('middle' income) living in fast growing economies. Commonwealth has toes in many strategic arena's.

Hans Rosling, advisor to Bill Gates and the UN, points out trade is moving east. There are 7 bn people on the planet, 3 billion of them in Asia, 2 billion in Africa, 1 billion across the America's.

90% of trade growth is set to be outside the EU.

Let's have a great FTA with Europe and be globally autonomous.
Brexit is win-win.

Germany sells more than twice as much to India (12 billion USD) per year than the UK. Explain to me using simple language that I can understand how they manage to do that while being in the EU and outside of the Commonwealth. And why the UK being both in the EU and the Commonwealth hasn't done the same.

And no I won't accept "Because we are being oppressed by Brussels" as an answer.

Thrugelmir

ilovehouses wrote: »

At the point we're presented with an opportunity to rejoin (which might be never) we'll know whether the Euro is still the main currency in the EU

The project cannot work without a single currency, uniformed fiscal rules, single taxation rates etc. Well documented , nothing new.

mrginge

Arklight wrote: »

Germany sells more than twice as much to India (12 billion USD) per year than the UK. Explain to me using simple language that I can understand how they manage to do that while being in the EU and outside of the Commonwealth. And why the UK being both in the EU and the Commonwealth hasn't done the same.

And no I won't accept "Because we are being oppressed by Brussels" as an answer.

Germany’s exchange rate to India is based on the strength of the eurozone not just the strength of the German economy.

kabayiri

Thrugelmir wrote: »

The project cannot work without a single currency, uniformed fiscal rules, single taxation rates etc. Well documented , nothing new.

...plus, we should learn the lessons from this referendum and actually talk about what we are joining and where it is going.

Arklight

mrginge wrote: »

Germany!!!8217;s exchange rate to India is based on the strength of the eurozone not just the strength of the German economy.

That make no sense at all. Germany outperforms the UK in sales to India year on year regardless of how strong or weak the pound is.

Furthermore the majority of the goods (cars) that Germany sells come under luxury status for India customs meaning that Indian consumers are willing to pay a 100% luxury tax to own them.

Even if Brexit Britain can somehow persuade New Delhi to abandon this (which would only happen in exchange for a deal on immigration) what do you imagine we are going to sell to them?

Our main export for India would be financial services, but India is almost a completely closed shop for these. We don't sell a lot to India because we don't make a lot that they want to buy and they aren't allowed to buy our services. That isn't going to change outside of the EU.

Just to reiterate, Indians are prepared to pay more than double for a German built BMW than anywhere else in the world, and Germany still makes twice as much selling to India than the UK does.

Inside the EU.

And not in the Commonwealth.

mrginge

Arklight wrote: »

That make no sense at all. Germany outperforms the UK in sales to India year on year regardless of how strong or weak the pound is.

Who mentioned the strength of the pound?

If you’re struggling to even comprehend the simple answer then there really is no hope.

wunferall

ilovehouses wrote: »

We should get in that Eurozone thing. We could double exports overnight; no, probably more because we have to remember India is in the Commonwealth (and therefore loves the UK) and German exports are limited because they're in the EU.

Who has ever said that exports are limited because they're not in the EU? No, these exports will be on WTO terms which - strangely - we're told would be so bad for the UK. So Germany's trade with India is good but for the UK it would be bad, is that right ?

wunferall

HAMISH_MCTAVISH wrote: »

We have always been an independent nation.

Nothing will change on that front once we leave the Union of Nations that is the EU.

What the young will notice is the reduced cooperation with our neighbours, somewhat lower standards of living, and fewer opportunities that will exist in post-Brexit Britain - and this will simply continue until we eventually rejoin.

You and those of a similar opinion are in for a rude awakening.

No, the U.K. Isn't Going to Rejoin Europe
A new poll shows there’s not much appetite for the idea.

Any future pro-EU campaign would need to do much better, particularly among Conservative voters, to have a chance of succeeding.

https://www.bloomberg.com/view/articles/2018-04-19/brexit-sentiments-remain-stronger-than-ever

Thrugelmir

ilovehouses wrote: »

We could double exports overnight;

You cannot export air. Increasing production is a planned exercise. Which takes many months. That's after building a sustainable overseas market.

Far easier to benefit the economy by reducing imports. Buy UK manufactured items made by UK owned companies. Quality over quantity.

iro

Hamish looks like you have some Daily Mail readersin the Highlands:

Con HOLD # Highland ward on #Perth & #Kinross.

#electoralmaps

The turnout was 56% - one of the biggest for a local by-election in a long time...

Suck it up!