Brexit the economy and house prices part 7: Brexit Harder

Filo25

BikingBud wrote: »

Trying to get across to the deniers and scaremongers that they have to take action:

Two-thirds of companies that export to the European Union have still not taken the most basic steps to prepare for a no-deal Brexit.

And fewer in Ireland!

The writing has been on the wall for some time now. I find it absolutely stunning that after 3 years we still have people saying we are not ready. It's like dealing with teenagers!

Some companies will be prepared and will exploit the opportunity, expand and increase turnover and profits.

Others will continue to hide and do nothing. A bit like being left behind because they didn't realise the internet would change the world.

What "opportunity" are they likely to be exploiting?

Genuinely asking, irrespective of your view of the long term Brexit prospects, I haven't seen much of a case for any short term upsides at all, we haven't even managed to fully rollover all of the EU's external trade deals.

Fran_Klee

Herzlos wrote: »

I don't think the EU is any of those things. It's not perfect but it does a pretty good job for us. It'd be even better for us if the representatives we sent to their Parliament actually represented us, though.

They do, they want us out of the EU. :T

What you suggest though is like saying that the SNP MP's could significantly influence the UK Houses of Parliament decision making process when given the numbers it is impossible unless enough others of different parties can be persuaded to agree with them.
Given how the European Parliament - especially given its groups and allegiances - is formed, thinking that one small group (i.e. the UK) could ever truly represent their people when faced with the sheer number of those diametrically opposed for any number of reasons is pure delusion.
That's why (when Cameron came home with little more than a flea in his ear after trying persuasion in EU member states) a referendum was held and it's why so many people voted to leave.

A parliament that doesn't listen to its subjects is no good to these subjects.
That's why populism continues to rise within the EU27, and that's what our own HoP are finding out too as Brexit lingers on without being actioned.

Thrugelmir

Filo25 wrote: »

What "opportunity" are they likely to be exploiting?

Genuinely asking, irrespective of your view of the long term Brexit prospects, I haven't seen much of a case for any short term upsides at all, we haven't even managed to fully rollover all of the EU's external trade deals.

Manufacturing base of the UK is so small. Any benefit will be likewise. For decades there's been a decline in manufacturing and a shift to service indusrties.

Fran_Klee

I think I will leave this here:

Contrary to widespread perceptions, UK manufacturing is thriving, with the UK currently the world’s eighth largest industrial nation. If current growth trends continue, the UK will break into the top five by 2021.

https://www.themanufacturer.com/uk-manufacturing-statistics/

The opportunity may arise from the ability to utilise markets beyond the EU because after all, we all know that the major areas of future growth are supposedly in Asia.
It's surely not beyond the realms of possibility that a forward-thinking government could in many ways make inroads into these markets far more quickly and easily once we as a country are free to so rather than being bound to the trading rules and needs of a disparate group.

buglawton

Well, it was that Breixiteer Dyson who moved his financial HQ to Singapore recently with a view to manufacturing EVs there (we'll see... I still think that could eventually be China or Malaysia). A major design centre will remain here, delivering high value jobs and tax receipts to UK PLC. Sometimes the profit margins on the 'scraps' can be better than those on the main meal.

BikingBud

buglawton wrote: »

A major design centre will remain here, delivering high value jobs and tax receipts to UK PLC.

Yep. The prime value is in the IPR.

Thrugelmir

jaybeetoo wrote: »

If it’s Project Fear, why is this Brexiteer Government spending so much money on trying to limit the damage done by a no deal Brexit?

With no certainty as to the outcome. Better to be prepared. I doubt that our immediate neighbours are taking a relaxed attitude in the belief that there's going to be a resolution anytime soon.

Carl31

City bankers now making a u-turn on previous fears around Brexit

http://https://www.ft.com/content/b2d275aa-ba73-11e9-96bd-8e884d3ea203

Now bojo has set the tone for a hard leave, will the propaganda machine be put to rest and we might see some more truths?

Thrugelmir

Fran_Klee wrote: »

The opportunity may arise from the ability to utilise markets beyond the EU because after all, we all know that the major areas of future growth are supposedly in Asia.

Global trade (exports ) are in decline as a % of overall trade. China in particular has a focus on self sufficiency where ever possible.

buglawton

With 0.19 acres of arable land/capita and having become the biggest global land trader in order to secure food supplies from outside of China, good luck with the self-sufficiency.