But then we end up with even less sovereignty and democracy than before the referendum. UK would have little to no say on the laws that would be imposed on it in the single market package.
Brexit thread - what happens next
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But then we end up with even less sovereignty and democracy than before the referendum. UK would have little to no say on the laws that would be imposed on it in the single market package.
Switzerland is the 6th largest financial centre in the world, source. The EU's highest entrant is 14th. Yes passporting is important (and of course we could still get passporting rights depending on the negotiations) but it really hasn't hurt Switzerland that much.
But UK was part of EU historically? How can one base predictions of a future outside of EU on the growth rate within the EU? see my prev post
They're also saying that we won't have freedom of movement. One or other of these has to give. The reason I chose WTO is because it gives the worst growth, what I described is not a worst case scenario but a reasonable estimate of the worst reasonably likely outcome for the UK.
We have little say on them anyway and they were moving towards weakening the veto! We have a lot less rules and regulation outside the EU.
Because in that part of the post I'm talking about what UK growth would have been without Brexit. In any case, the growth rate isn't all that different pre-EEC and pre-EU.
You seem to be suggesting that less regulation is a good thing?
Regulation is burdensome on SMEs especially. It is also burdensome when non-EU good must comply with EU regulation when they aren't even going to the away. Big conponaies love regulation. It is a big barrier to entry for potential competitors and leaves customers with a bad deal at the end.
Not sure I see the logic in this statement. Are you suggesting that a company would produce two different products: one for the EU and one for non-EU markets?
As a consumer I'm quite fond of regulations, particularly the ones that you know, stop companies selling things that are likely to make me dead.
Half of what you say indicates you have absolutely no clue what you are talking about and the other half sounds like random sound bites stitched together from Youtube videos and tabloid headlines.
Great post.
Lol, and your posts have no substance, just a lot of getting personal.
Big business loves regulations, it helps them maintain their market shares and makes it harder for new entrants into the market.
Do you actually post anything of substance or just go around threads essentially stating '+1' on anything you agree with?
And London is currently no 1 financial centre of the world! Switzerland has history and expertise in other types of banking, it is not an alternative to London finance. London being no1 is in no small part because its financial capital of the biggest single market in the world. Outside of EU its future is uncertain (equals job losses, less investment, less profits, less paid taxes, with the drop being possibly of biblical proportions).
Biblical proportions....dramatic much
London is the world's number one financial centre for a number of reasons; language, timezone, quality of workforce, employment laws, globally leading legal system etc. To think a crash of "biblical proportions" will occur just because we lose EU passporting rights is just way over the top.
And the fact we can now form closer ties with/an association with the 4th and 6th largest global financial centres should mean in time we prosper outside of the EU, rather than decline from being inside it.
You are using UK-part-of-EU growth stats "because in that part of the post you're talking about what UK growth would have been without Brexit." (???)
As for pre-EEC and pre-EU growth, are we discarding current short-medium term effects that are far more tangible and grounded in reality in favour of post WW2 growth rates?
Apart from comparing pure growth stats, one also needs to adjust for the current losses and possible recession (that were highly unlikely to have happened were we to stay). Your predicted Brexit growth is so good, that it outpaces UK-in-EU growth despite these losses. Is UK to hit China-like growth rates of 6-7% once we stabilise? Are there any developed countries that grow that quickly?
The Euro actually has a fair bit to do with Italy's economic woes. The Euro is structually flawed - it locks countries like Italy into an artificially highly valued currency, which has meant it has lost labour cost competitiveness against Germany, a loss that would previously have been significantly eased by gradual depreciation of the lira. A free floating domestic currency basically acts as a "buffer" against a lot of economic shocks - that's one of the key reasons Greece (and shortly Italy) have had such issues.
There's a reason a lot (almost half, according to this survey) of Italians want to leave the EU.
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Biblical proportions....dramatic much
London is the world's number one financial centre for a number of reasons; language, timezone, quality of workforce, employment laws, globally leading legal system etc. To think a crash of "biblical proportions" will occur just because we lose EU passporting rights is just way over the top.
Its already happening though.
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