RobFZS
Member
noo, land prices are going to plummet, like Gideon saidGod damn it, sold my land too soon. It will surely be £30,000/acre come Easter after this
noo, land prices are going to plummet, like Gideon saidGod damn it, sold my land too soon. It will surely be £30,000/acre come Easter after this
noo, land prices are going to plummet, like Gideon said
If you mean folk that voted to leave the EU why should they be "up in arms" about it any more than anyone else ?This is what Brexiteers should be up in arms about,
If you mean folk that voted to leave the EU why should they be "up in arms" about it any more than anyone else ?
whats he done now ? I thought he was dead, didn't someone shoot him ?I meant as opposed to being up in arms about the JR in the High Court.
Rather like this thread it was only a dream.whats he done now ? I thought he was dead, didn't someone shoot him ?
Well, I thought that was funny even if nobody else did.whats he done now ? I thought he was dead, didn't someone shoot him ?
Thats allright then.We just need World War 3 and can then manufacture and trade our way out of trouble. Redwoods article has got to be one of the stupidest i have ever read! The world has kind of changed since 1939!http://johnredwoodsdiary.com/2017/01/11/the-uk-economy-and-eu-trade/
The UK economy and EU trade
By JOHNREDWOOD | Published: JANUARY 11, 2017
I have long argued that we are unlikely to trade less with the EU after we have left than we do today, whether we have a special deal or not. Clearly the rest of the EU will want to keep on selling their goods to us, so they will not be able to impose big barriers on trade. Nor can they under WTO rules. Both the rest of the EU and the UK will remain under WTO rules on our departure.
The good news about offering the rest of the EU the choice between confirming current tariff free arrangements and registering it as a Free Trade Agreement at the WTO, or accepting most favoured nation status with low average WTO tariffs is that either outcome will be fine from the UK point of view.
This obvious commonsense does not prevent some “experts” claiming we might lose trade and therefore they think lose some output. Indeed, one or two extreme Remain enthusiasts have suggested all trade with the continent will cease if we leave without an agreement, an absurd proposition. Trade will continue. Germany will not stop selling us cars nor France her dairy products.
It is interesting, however, to ask what happened to the UK economy when the extreme outcome did occur. In 1939-40 when war broke out with Germany, Germany soon took over much of the continent by conquest. It was also in alliance with the Axis powers, which included Italy, Hungary and Romania. The Axis countries and the conquered lands did not trade with the UK, so for a period there was no trade between the UK and most of the continent.
What happened to the UK economy? It leapt ahead, growing by 32% in real output and income between 1939 and the peak in 1943. Much of the growth in output was of course production of military transport and weapons. By 1943 the UK was producing a staggering 26,000 planes a year from widely dispersed component and assembly factories around the country. By the end of the war the UK had also developed the first jet engine fighter, and had produced 250 Gloster Meteors. Output of military vehicles, ammunition, military clothing and much else was massively increased.
The UK was also turning out large quantities of commercial shipping. There were strong advances in coal and steel output to fuel and supply the industrial activity. Much of this was paid for by public spending and public borrowing.It would have been equally possible to expand civilian production with private sector spending and lending if there had been no military imperative.
What 1939-45 demonstrated was the potential in the UK to have a much larger energy and industrial sector if the demand was available and if imports from the continent were closed off. The country also converted much more land to agriculture to produce much more of its own food.
Fortunately we will not be revisiting those extreme times. We can ,however, learn from them that the UK is very adaptable, and could also adapt in more benign conditions where it would be good if we produced more of what we want and import less from the rest of the EU. I doubt they will want to impose tariffs on their exports to us to encourage us to produce more of our own goods and farm products.
Indeed, the world has changed, but human nature has not. You miss the point of J. Redwood's article entirely.Thats allright then.We just need World War 3 and can then manufacture and trade our way out of trouble. Redwoods article has got to be one of the stupidest i have ever read! The world has kind of changed since 1939!
On BBC Radio Ulster this morning they were interviewing the Australian High Commissioner who is on a visit to NI.
The interesting thing he said was that Australia and the US negotiated and finalised a trade agreement in 8 months. Yes that is right - EIGHT MONTHS.
So much for all this nonsense it will take the UK 10 years to negotiate trade agreements.
Thats allright then.We just need World War 3 and can then manufacture and trade our way out of trouble. Redwoods article has got to be one of the stupidest i have ever read! The world has kind of changed since 1939!
Despite there being no formal trade agreement between ourselves and Australia, my company does a lot of trade with the Australian dairy industry. This is despite all our exports being subject to a fairly salty level of duty, which has of course to be paid for by our customers. If we had a trade agreement, we would expect a substantial increase of turnover.Did he talk about how that trade agreement worked out?
I seem to recall huge frustration and anger on the Australian side as US exports to Au exploded whilst trade in the other direction remained relatively static. Australia got bullied into a take it or leave it pact.
If we lose our free trade with EU (which looks more and more likely) we will need other agreements pretty quickly. That will by default put us in a very weak bargaining position and have no doubt that Uncle Sam will take maximum advantage.
"Its an ill wind" and all that. I,on the other hand have just been watching T May cosying up to the NZ pm,lots of trade deals to get going etc.I wonder what New Zealand have got an awful lot of,and want to send even more to us?Despite there being no formal trade agreement between ourselves and Australia, my company does a lot of trade with the Australian dairy industry. This is despite all our exports being subject to a fairly salty level of duty, which has of course to be paid for by our customers. If we had a trade agreement, we would expect a substantial increase of turnover.
Since the Referendum and thanks to the drop in the value of Sterling, our exports have virtually doubled. This has to be tempered by the fact that electronic components generally have to be imported and these now cost us 10-15% more. But by and large, we are ahead of the game and if this is a taste of the effect of things that might happen after March 2017 - then rock on!