Page 3 of All out fall out

Why would the EU blink? It's a win-win for them. They get the roadblock to greater Union out, and if the UK wants back in, then they'll have to do so without that pesky rebate and opt-outs.
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Jitendar Canth

Quote:
"I thought what I`d do was, I`d pretend I was one of those deaf-mutes."

Site Reviewer at DVD Reviewer & MyReviewer

Carving out a niche with a pneumatic drill at Anime @ MyReviewer.com

Nothing is worse for any economy than uncertainty, and it looks like that is what we'll get for the next few years.

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Separated at birth




===========================
Jitendar Canth

Quote:
"I thought what I`d do was, I`d pretend I was one of those deaf-mutes."

Site Reviewer at DVD Reviewer & MyReviewer

Carving out a niche with a pneumatic drill at Anime @ MyReviewer.com

I make no apologies for nicking this off Twitter.
It's just about as on the money as you could get.



Snaps

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My new Flash Fiction blog. All my own work
500ish

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I used to be with it, but then they changed what `it` was.
Now, what I`m with isn`t it, and what`s `it` seems weird and scary

I've never seen House of Cards (UK or US), suddenly I feel this is a good time to start watching it!

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Honestly more like Veep than House of Cards (love both versions)

Quote:
Jitendar Canth says...
"Why would the EU blink? It's a win-win for them. They get the roadblock to greater Union out, and if the UK wants back in, then they'll have to do so without that pesky rebate and opt-outs."
Why wouldn't they?  If they sell more to us than we buy from them, wouldn't that put us in a position of strength?

And you assume we'd want back in...

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Si Wooldridge
Reviewer

http://synth.myreviewer.com

If we're outside the free trade agreement, then we're also outside the 50 or so trade agreements the EU bloc has with other countries/regions.

So to trade with those we'd be using standard WTO tariff rules (putting us at a big disadvantage compared to the EU countries - so maybe they would be willing to lose trade with us for that advantage globally), or we'd go with 0% tariffs, which would wipe out our manufacturing, food/farming and other industry (as our relatively expensive manufacturers etc couldn't withstand cheap, tariff free, imports - as was acknowledged by the Brexit economists who suggested before the referendum that the 0% tariff model was the 'best' choice).

Also, if we're outside the trade agreement then our banks and other financial industries can't operate at no cost within the EU (which is where a lot of 'trade coming in to the UK' is from). Either we have more expensive banks (as in Switzerland, as their finance sector isn't part of their EU trade deal), or more likely any global banks based in London move their operations to into the EU, as they want free trade with the 450 million people/economy in Europe, rather than the 60 million here...

Of course, eventually (5-10 years?) we'd get agreements sorted out with countries around the world, including the EU. But what state will our industry/finance etc be in following that wait... and how will the rest of the EU benefited in the meantime, leaving us behind?

This item was edited on Friday, 1st July 2016, 22:54

Quote:
JamesW says...
"If we're outside the free trade agreement, then we're also outside the 50 or so trade agreements the EU bloc has with other countries/regions."
Which countries exactly are those then?

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Si Wooldridge
Reviewer

http://synth.myreviewer.com

http://ec.europa.eu/trade/policy/countries-and-regions/agreements/index_en.htm

(Don't think that includes the Canada one which is anytime now, or of course the US TTIP.)

A quick google gives some numbers in terms of population etc