Brexit the economy and house prices part 7: Brexit Harder

Arklight

Matt_L wrote: »

There will always be, winners and losers, life goes on and we adapt....

I think you've found a new slogan for Brexit.

"March 29th. Adapt to being the loser."

Thrugelmir

Kohoutek wrote: »

And the idea that the EU is about to become a federal government for Europe is ludicrous.

Without fiscal union the project is doomed. This was deemed to be the case as far back as the late 1960's. Transfers between member states have to be made to assist those in recession while others boom. National Governments will have to take back seats. Qualified Majority Voting will provide the opportunity to circumnavigate the thorny issues like Corporation Tax. By implementing policies on global companies at an EU level. With the EU then distributing the tax take back to member states.

Matt_L

Arklight wrote: »

I think you've found a new slogan for Brexit.

"March 29th. Adapt to being the loser."

I expect nothing more from our resident remoaners, glass is always half empty attitude...

LHW99

Riiiiight. So autarchy is the answer? Did the Leave campaign say this before the referendum? Did it tell all the people who rely on trade with the EU: sorry, folks, you need to sell more locally?

You asked what should be said to lamb farmers. That was a suggestion.
Another could be to investigate the Middle Eastern markets more agressively where lamb / mutton is consumed rather than beef / pork.

Kohoutek

Thrugelmir wrote: »

Without fiscal union the project is doomed. This was deemed to be the case as far back as the late 1960's. Transfers between member states have to be made to assist those in recession while others boom. National Governments will have to take back seats. Qualified Majority Voting will provide the opportunity to circumnavigate the thorny issues like Corporation Tax. By implementing policies on global companies at an EU level. With the EU then distributing the tax take back to member states.

You seem very confused. Fiscal union has been raised in relation to the Eurozone, not the whole EU. How can the EC/EU have been 'doomed' since the 1960s and it's still here? The 60s was over 50 years ago.

Thrugelmir

Kohoutek wrote: »

You seem very confused. Fiscal union has been raised in relation to the Eurozone, not the whole EU. How can the EC/EU have been 'doomed' since the 1960s and it's still here? The 60s was over 50 years ago.

Keynsian style economic theory has driven the economic policies of the Western world's Governments since the end of WW2. Doesn't mean that it's perfect. There's no time limit on "doomed". Merely that the reality is inescapable in the end. Unless certain conditions are met.

50% of EU trade is between member states. Trade balances eventually will need to redistributed. As there's no ability to devalue currencies, i.e. what Italy would do if not a member. Instead it remains uncompetitive against Germany. While being forced to adopt stringent EU budgetry rules.

Nor forget that rules get bent , data massaged etc. Polly Peck, Maxwell Publishing, Patisserie Valerie all managed to continue to trade. While fraud on a significant scale went undetected. One day there'll be a trigger that'll cause change to be inevitable. .

SouthLondonUser

LHW99 wrote: »

You asked what should be said to lamb farmers. That was a suggestion.
Another could be to investigate the Middle Eastern markets more agressively where lamb / mutton is consumed rather than beef / pork.

I am sure lamb farmers will be delighted to hear these suggestions if we end up in a no deal scenario and, a few weeks from now, they will be unable to sell about half their production. Sorry, folk, you can't sell half your stuff now, but why don't you try to sell more in the UK? Or in the Middle East? Yep, I'm sure it will be received extremely well.
Please, tell me, would you be so indifferent if you happened to work in a sector directly affected by Brexit?

SouthLondonUser

Thrugelmir wrote: »

Keynsian style economic theory has driven the economic policies of the Western world's Governments since the end of WW2. Doesn't mean that it's perfect. There's no time limit on "doomed". Merely that the reality is inescapable in the end. Unless certain conditions are met.

Not sure I'm following. It's doomed, but this could be ... when? 5 years from now, 10 years, 30 years?
Saying that something is doomed without being able to pinpoint the timing is a bit like saying we will all die one day: a technically correct but practically useless piece of information.

Thrugelmir wrote: »

50% of EU trade is between member states. Trade balances eventually will need to redistributed. As there's no ability to devalue currencies, i.e. what Italy would do if not a member. Instead it remains uncompetitive against Germany. While being forced to adopt stringent EU budgetry rules.

And that is one of the many arguments against the euro, which the UK did not adopt. It's got little to do with whether the UK should have stayed or left the EU (which is not the same as the eurozone).

Thrugelmir wrote: »

Nor forget that rules get bent , data massaged etc. Polly Peck, Maxwell Publishing, Patisserie Valerie all managed to continue to trade. While fraud on a significant scale went undetected. One day there'll be a trigger that'll cause change to be inevitable. .

Again, not following. What does fraud in a chain of UK cake shops have to do with the EU?

SouthLondonUser

Matt_L wrote: »

I expect nothing more from our resident remoaners, glass is always half empty attitude...

A funny thing to say for Brexiteers, considering they typically think the EU is doomed, and don't see anything wrong in stripping fellow citizens of the right to live and work in most of the continent.

Herzlos

Porsche to make customers sign contract where the import tariffs are passed onto the customers:
http://www.bbc.co.uk/news/business-47270616

No comments yet if it'll apply to the rest of the VAG group yet. Anyone who isn't expecting tariff costs to be passed onto customers is delusional.

It's not sounding like the German car industry is going to save us, but at least they are giving customers the chance to change or withdraw orders.