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fatshaft

So the UK is finished says Theresa Mayhem

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I totally agree, Pongo, but just look at the list of countries who sell us more than we sell them. Apart from Ireland and a few minor players, it's everybody, and by a huge margin. Pragmatically they don't want to walk away from that or make life difficult for themselves. As far as tariffs are concerned, obviously, although nobody wants them, we would collect more than we paid and the surplus could be used for incentives to industry. Of course, if the decline in sterling to date is maintained for the next few years, the competitive effect on our fully originated exports and the value added component of all our exports after an allowance for raw marterial inflation, would more than cancel any tariffs that are likely to arise.

Edited by woolley

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As far as tariffs are concerned, obviously, although nobody wants them, we would collect more than we paid and the surplus could be used for incentives to industry.

I may be wrong but my understanding is that WTO rules allow countries to apply additional tariffs to sectors which are in receipt of state subsidies.

 

I wonder how long it will be before the Brexit mentality ends up with UKIP types calling for Britain to also reject the WTO.

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Strange how China manages to slip through all of these obstacles to manufacture seemingly everything in every home and office everywhere. crying.gif

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you need to dig a little deeper, a vast majority are cars which are owned by germany. if we go wto and the germans eu face import duty we will be better off

 

According to Theresa May 44% of UK goods and services exports go to the EU vs only 8% of the EU’s exports coming to the UK. Representing a trade surplus with the rest of the EU of £17 billion.

I'm impressed with her Brexit strategy so far - clearly arguing for a 'soft' Brexit but calling it a 'hard' Brexit. Arguing strongly in favour of a 'hard' Brexit (but also simultaneously proposing a 'soft' outcome). That makes sense given that the outcome will obviously be a compromise.

Also impressed to hear her speech at Davos - strongly arguing in favour of continued globalisation.

I think you just fell for the creative accounting rhetoric of a politician campaigning for remain there. To compare like with like you have to look at our trade with each EU member. In the case of every major country there is a big trade deficit, i.e, they sell us far more than we sell them. Try this instead:

 

https://fullfact.org/europe/uk-eu-trade/

 

The value of trade to the UK and the rest of the EU—we exported about £220 billion worth of goods and services to the rest of the EU in 2015, according to UK data, while the rest of the EU exported somewhere around £290 billion to us. These figures differ if you use EU data. What this means is that the rest of the EU sells more to us than we sell to it.

 

So you can rest easy. Gets boring after a while correcting all of this stuff.

 

ETA: I spotted what May did in your link: It's that crafty word "services". Takes no account of goods where we have the massive deficit the other way. Never trust a politician eh?

We have a trade surplus in services with the rest of the EU of £17 billion.

Nonsense.

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@ Boredom: Thank you for the benefit of your wisdom there. Could you advise us which of the facts quoted there are nonsense?

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@ Boredom: Thank you for the benefit of your wisdom there. Could you advise us which of the facts quoted there are nonsense?

Nonsense.

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OK. I see. It's your new signature.

No it's your standard insulting reply to all posters under your angry abusive sock puppet.

 

What a nonsense person.

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You might get under Notty's skin, but you don't rile me. What are you? Nine years old and slightly retarded?

  • Haha 1

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http://www.independent.co.uk/news/uk/switzerland-rejects-post-brexit-alliance-uk-aganist-eu-european-union-deal-swiss-foreign-secretary-a7536896.html

 

And with Australia and India wanting freedom of movement and work for their citizens as part of the negotiations, you have to ask...

 

Are we taking control of our borders or are we being dictated to by some bureaucracy far away?

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you need to dig a little deeper, a vast majority are cars which are owned by germany. if we go wto and the germans eu face import duty we will be better off

How are we going to be better off if the cars we want to buy cost more?

 

The administration of tariffs and other artifical bureacratic controls would represent a very significant business overhead - especially for small businesses and independent service providers. Britain is very much more dependent on trade with the EU than the EU is dependent on trade with the UK.

 

at the very worst it will be 10%, the uk can manipulate the vat so you pay no more

 

75% of eu financial trade goes through london, to say we are more dependent on them is rubbish

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Strange how China manages to slip through all of these obstacles to manufacture seemingly everything in every home and office everywhere. crying.gif

 

because they disregard any rules , wto can do nothing

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@woody2

Tariffs collected on services potentially represent a bureaucratic nightmare for small businesses and independents needing to invoice EU customers? It would be an added cost and complication - a barrier to doing simple business. The current arrangements typically mean trading with an EU client as if they were in the same street - nothing to think about. That's a sensible system. People doing business with each other want fewer rules not more. Increased paperwork and bureaucracy seems likely to be one of the outcomes of the Brexit.

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Increased paperwork and bureaucracy seems likely to be one of the outcomes of the Brexit.

 

An irony lost on those who wanted to throw off the shackles of EU "bureaucracy"...

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@woody2

 

Tariffs collected on services potentially represent a bureaucratic nightmare for small businesses and independents needing to invoice EU customers? It would be an added cost and complication - a barrier to doing simple business. The current arrangements typically mean trading with an EU client as if they were in the same street - nothing to think about. That's a sensible system. People doing business with each other want fewer rules not more. Increased paperwork and bureaucracy seems likely to be one of the outcomes of the Brexit.

i understand it is going to be done by vat, nothing will change

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