Brexit thread - what happens next

[Mr Jack]

That can't happen whilst it's a ****ing match between lab and cons

It can't happen while we have FPTP, but since we voted down Clegg's miserable little compromise there's little or no prospect of that happening soon.

 

[do_ron_ron]

Then we impose tariffs.....

Sorry but trade will always happen. The EU don't like the idea as it upsets the great federal plan.

Under whatever position The UK decided to take EFTA, or whatever, there are laid down tariffs, rules and regs. Are you suggesting we don't abide by any framework? Just make it up as we go along?
Adding additional tariffs above whatever framework would lead you to the Courts and fines etc on top.
Trade will happen ... but within an internationally agreed framework. It is the UK who appears not to like it and have thrown the toys out the pram.

 

[do_ron_ron]

I'm guessing for the leavers, any time before we joined the EU/common market when we governed our own affairs completely.

However, as many have pointed out - it was a completely different world back then.

it is always this golden era that nobody can pin down.

 

[SPG]

Under whatever position The UK decided to take EFTA, or whatever, there are laid down tariffs, rules and regs. Are you suggesting we don't abide by any framework? Just make it up as we go along?
Adding additional tariffs above whatever framework would lead you to the Courts and fines etc on top.
Trade will happen ... but within an internationally agreed framework. It is the UK who appears not to like it and have thrown the toys out the pram.

Bit like China, USA then.... Seems to work for them.

 

[Bonjour]

it is always this golden era that nobody can pin down.

I personally think it's imagery and notions taken from the last 200 years or so and amalgamated into a steampunk utopian vision of Brunel, Spitfires, cream tea, Concorde, and royal jubilees.

 

[do_ron_ron]

Theoretically it's the most efficient way of trading. Politically it's problematic due to vested interests. As weeding out uncompetitive industries would initially lead to mass redundancies. Regardless of whether or these people found additional employment (which is highly likely after the transition period), they'd likely hold a grudge against the government, they'd be protests, riots etc.. Still it's doable, but it would it would take a ballsy government to enact it, and one that wouldn't expect/hope to be in power come the next term.

Competition shouldn't be an issue, as it's not like we'd be competing with Brazil for cocoa, or china for plastic tat. We'd be competing in areas we specialise in like high technology, pharmaceuticals, services like insurance etc..

What id does do however is leave the country exposed come wartime. For example if we killed off our steel industry, and bought tariff free steel from China, our raw material prices would be lower, but come a war, we'd potentially not have access to steel. That being said, without EU regulations on energy subsidies and what not, our steel industry would be more competitive.

The university economics.

As weeding out uncompetitive industries would initially lead to mass redundancies

they'd be protests, riots etc

Govts. try to prevent these things as they all have a social and economic cost. Mass unemployment led to the rise of Fascism and the resultant War.
How are you going to finance all this while you have swathes of industry decimated?
And the period in between, decades, while any new employment was created?
What about the supplier industries to the ones you have trashed?
They will go and so more employment. Then their is the neighbourhood spending power gone leading to more local businesses folding(we saw this in the Welsh valleys after the local pit closed, for example)

Not a very thought out plan.

Competition shouldn't be an issue, as it's not like we'd be competing with Brazil for cocoa, or china for plastic tat. We'd be competing in areas we specialise in like high technology, pharmaceuticals, services like insurance etc..

There are areas where there is a supply shortage but even there some can be fixed. The World Bank is fond of getting countries to plant coffee plantations, the latest being Vietnam, but this has led to oversupply and chaos in supplier countries as prices crashed.
There have been arguments for Britain to go to a high value added economy for decades but our Govts. seem to prefer a low cost assembly type economy mainly because the services you mention do not employ that many people and financing a large unemployment is too costly and socially unacceptable.

 

[do_ron_ron]

JC is a joke, he's destroying what's left of the Labour party.

If they had a decent leader in place before the referendum people actually liked we would never have left the EU.

Who does JC represent? hipsters and communists?

He represents the large majority of Labour Party members according to his election results.

 

[Raymond Lin]

Where the hell is Boris Johnson?

 

[Mr Jack]

Competition shouldn't be an issue, as it's not like we'd be competing with Brazil for cocoa, or china for plastic tat. We'd be competing in areas we specialise in like high technology, pharmaceuticals,

Great. How do you expect us to compete against the other countries that are doing these things tariff free? Or deal with the fact we no longer have any say about the regulation of these areas in our major markets?

services like insurance etc..

Services are the most subject to non-tariff barriers. Leaving the EFTA is going to do huge damage to our service sector.

 

[Rilot]

Where the hell is Boris Johnson?

It's rather strange isn't it. You'd have thought that he would be speaking every few hours to quell any fears.

 

[George Hincapie]

well on the plus side the price of copper per KG has shot up due to the brexit, to my delight when I took some bright cable and got £ 100 more than I exptected

Chiltern Rail would like it returned please

 

[dowie]

By prominent business Leave campaigner.

"we will just go back into Europe on our own terms"

Delusional. Europe is not going to let the UK cherry pick what it wants and do whatever Britain says.

Favourite tactic, as seen, in the campaign of rubbishing all expert advice from the IMF etc.

Added nothing, we heard all this throughout the Referendum.

perhaps you're being a bit delusional here... we'll have to see but immigration is a major sticking point for the UK now as a result of this vote and the idea that the EU won't still be keen to make a deal isn't in any way clear at this point certainly not to the point where you can claim that.

 

[Bonjour]

Where the hell is Boris Johnson?

Cranking

 

[Tunney]

 

[VincentHanna]

It's rather strange isn't it. You'd have thought that he would be speaking every few hours to quell any fears.

You couldn't get him off TV whilst the campaign was on.

 

[George Hincapie]

Where the hell is Boris Johnson?

What is it you think he should be doing? He isn't PM. He hasn't even formally announced an intention to run has he?

 

[do_ron_ron]

It's not as their raw materials would likely be cheaper without EU tariffs.

It is a basket, some you would win others would be much worse. it is the overall effect that is important and it is looking down.

 

[George Hincapie]

And? He said 'most' not 'all'. Go find something else to be faux outraged by

 

[Mr Jack]

It's rather strange isn't it. You'd have thought that he would be speaking every few hours to quell any fears.

Well, he probably doesn't want to misspeak again while he's "tired".

(More seriously, he's preparing to announce his campaign bid for the Tory Leadership, it's a bit silly to expect him to be doing anything else)

 

[Raymond Lin]

What is it you think he should be doing? He isn't PM. He hasn't even formally announced an intention to run has he?

Should be acting like a leader that he aspires to be, doing interviews that he will take control, that he has a plan to stabilise the country and that he is in talks with euro politicians for the best deal the UK can get.


Except...zilch. It's like he had gone into hiding.