The cost of Brexit

The EU made it difficult to trade with countries such as Canada, Australia and New Zealand, as well as the US.
Free trade, does not prevent us from trading inside Europe, it just adds a bit of paperwork while we save a lot of money and have freedom to apply taxes and duties to meet OUR economic needs,
Like shops not attached to a large chain, when business is good it is very very good, but when it is bad it is horrible.
The future of the UK is now in OUR hands, so lets make it work.

 

Wil

In what way? Can you please explain your thinking?

Again can you explain what you mean – any trade deal involves accepting certain rules and regulations no system it totally ‘free’ even under WTO there are many regulations

And again what do you mean –

What paperwork are you talking about?

What money is saved?

What taxes and duties?

In what way was leaving the EU in the UK economic interests?

So in what way was Brexit a good thing?

But why smash one hand with a hammer just before setting off to work?

 

And does that invalidate per se the economic prediction within the article ??? - where is your evidence to counter this ???

 

"Ten independent Research Institutes throughout Europe have founded the EUROFRAME network, an initiative for improved forecasting and macroeconomic analysis in the European Union.
CPB (Netherlands), DIW Berlin (Germany), ESRI (Ireland), ETLA (Finland), The Kiel Institute for the World Economy (Germany), NIESR (United Kingdom), OFCE (France), PROMETEIA (Italy), WIFO (Austria) and CASE (Poland) combine their knowledge in providing quantitative analysis, forecasts and policy recommendations for the European Union and for national decision makers."

European Forecasting Research Association for the Macro-Economy - EUROFRAME Network

 

And your point is ??? ......

Still awaiting your evidence which invalidates the information contained in the article I copied.

 

So instead of improving our financial situation, the stupid bastards in the scumbag 'nasty party' are about to ruin us even further !!!


Boris Johnson's Brexit Trade Plan Will Hit UK Economy, Experts Warn
Exclusive: Survey shows 88% of 100 leading academics believe a Canada-style trade deal with the EU will have a "negative" impact on Britain's economy.

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  By Arj Singh

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Boris Johnson’s Brexit plan for a Canada-style trade relationship with the EU will have a negative impact on Britain’s economy, an overwhelming majority of experts have told a survey.


Some 88% of more than 100 academics expect the relationship negotiated by the prime minister, in light of the strategy he revealed last week, to have a negative economic impact.

Most of the academics (59%) from leading universities also believed it would be “substantially” negative, the Brexit policy panel survey for the UK In A Changing Europe think-tank showed.

The experts last summer correctly predicted that Brexit would not happen on October 31 and that UK would have to ask for a delay.

Professor Anand Menon, director of UK In A Changing Europe, said: “Brexit poses a number of challenges.

“Not least, as this newest survey reveals all too clearly, an overwhelming majority of social scientists believe that the economic impact of Brexit will be negative.

“This will make the governments ambitious agenda for ‘levelling up’ the country all the more difficult to achieve.”

In February’s survey, taken after the PM outlined his Brexit strategy, a majority (67%) believed he would succeed in striking a deal covering trade in goods such as manufacturing and agriculture before the end of the year.

But they were pessimistic about the prospects for a quick deal on services which make up the vast bulk of the UK’s economy before the end of the transition period, with nearly three quarters (74%) believing agreement in this complex area was unlikely by 2021.

Despite this, nearly half (44%) of the experts thought Johnson would stick to his promise not to extend the transition beyond December 31.

More than half (53%) thought he would achieve his goal of negotiating a Canada-style trading relationship, although around a quarter thought the UK would end up with an EU-Switzerland type of arrangement, with sector-by-sector deals.

A slim majority (52%) of the panel also thought the UK would strike a trade deal with the US within the next five years.


ASSOCIATED PRESS
Johnson outlined his government's negotiating stance during a key speech at the Old Naval College in Greenwich, London last Monday
On the contentious Brexit issues of fishing and financial services, the experts also predicted both the UK and the EU would be disappointed, at least in the short-term.

Less than half (47%) of the panel believed there would be a deal on the rights of EU fisherman to trawl UK waters by the end of the year, despite Brussels’ demands for access.

And more than half (54%) thought it was unlikely that the EU would grant permission for the kind of broad-based access the UK is seeking for its financial services through what is known as “equivalence”.

It came as Theresa May’s former deputy, David Lidington, admitted the previous government made mistakes in the first phase of the Brexit talks, which were marked by three years of rancour, chaos and division.

Lidington said ministers were slow to realise “how hard some of the political choices in the negotiations would be”.

“There should have been a different approach to the negotiations at the start, because I think it would have been possible then to come to the deal earlier,” he said.

“And possibly, you know, an attempt to reach out to the other parties early on, saying: ‘This is a national decision, we have had a vote in the referendum, now we need to move forward together.’”

Lidington also criticised May’s decision to create the new department for exiting the EU (DExEU), which was closed by Johnson on Brexit day, January 31.

“In my ideal world, I would not have invented DExEU as a department,” he said.

“I would have had a big unit, but I would have located it as, you know, an annex to the Cabinet Office and No.10, because the prime minister was going to be driving the negotiations,” Lidington told the Institute for Government as part of its Ministers Reflect series.

 

It's a survey of the opinion of 100 social scientists

 

Yes, people with millions of brain cells, in contrast to Boris and Javid who'd struggle to find one brain cell between them.

 

They are social scientists, not economists, not mathematicians, so what?

Johnson's trade deal will "hit" the UK economy is the headline, that doesn't even say anything


This:

"Less than half (47%) of the panel believed there would be a deal on the rights of EU fisherman to trawl UK waters by the end of the year, despite Brussels’ demands for access."

Is a good thing. And short sighted on their part if he doesn't want to give access

 

VG

I’m still waiting for your promised rationally based defence of Brexit -

So again, can you give a rational reason why you think Brexit will be good for the UK and its people?

Not wishful thinking

Not bluster

Not bullshit

A rational and reasonable argument

I mean we have been doing discussing this issue for over three years here and NO leaver has yet come up with one but…..

And please don’t claim like before that you have but refuse to say where or what it was I’m wise to that one

 

There will be checks at borders and loads more paperwork.

One of the arguments about why it would be bad for the UK to leave the EU was that it would make trading with our main trading partner (the EU27) more cumbersome and difficult as it would mean more paperwork and checks on the borders.

But leavers told us that was silly that little would change and it has been official government policy up till now that there would be no extra checks at the borders.

So another Brexit lie is revealed

When did Brexit go from been a wonderful thing that would make Britain a greater and more prosperous country to something that we can survive with some Dunkirk spirt and leavers telling us that all the pain it will cause will be worth it….one day.

Once leavers swore on their mothers grave that there would be no pain only jam, flowers and £350 million at week for the NHS.

To me Brexit was always a polished turd that those wanting it bamboozled many into thinking it was gold I’m just surprised many leavers are still wanting it when it stinks of shit.

I ask again can ANY leavers explain in a rational way why Brexit is going to be a good thing for the UK and its people.

 

AND THEN THERE'S ALSO THIS:

Boris Johnson Brexit deal to cause price hikes and shortages of fresh fruit and vegetables, retail chiefs warn
'This is going to hit us in January....customers are really going to see the problems on supermarket shelves'


Shoppers have been warned to expect price hikes and shortages of fresh fruit and vegetables, even if Boris Johnson succeeds in striking a post-Brexit trade deal with the EU.

The British Retail Consortium (BRC) hit out after the government admitted traders will face multiple border checks on almost all goods from January – even if a no-deal Brexit is avoided.


Andrew Opie, the BRC’s director of food, said higher prices and some empty supermarket shelves were the inevitable consequences, without a dramatic upgrade of channel ports.

“This is going to hit us in January - that’s our peak import season for things like fresh fruit and vegetables,” he warned.


“Customers are really going to see the problems on supermarket shelves unless we get that infrastructure.”

Watch more

• 
  Brexit deal 'could leave Northern Ireland in different time zone'

The stark warning came after Michael Gove finally lifted the lid on the realities of leaving the single market and customs union, after the issue was ducked during the election campaign.


He highlighted checks on food and goods of animal origin, customs declarations and the need for safety and security certificates – while admitting new IT systems will not be ready until 2025.

Mr Opie said the BRC was braced for checks on vehicles and drivers and, crucially, on food which meant “thousands of vehicles” being held at Dover and other ports.

Although the checks might take as little as two minutes, even that would trigger 17-mile tailbacks at Dover without new infrastructure – and there was very little space for holding lorries.


Brexit day: UK says goodbye to EU
Show all 66




Asked of shoppers should expect “empty shelves”, Mr Opie told BBC Radio 4: “There will definitely be a problem with availability if we don’t see a massive upgrade of how those facilities work.

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“Also, let’s not forget, additional friction will lead to additional costs and that will impact on consumers as well.”

The comments lay bare how what were long predicted to be the horrors from crashing out of the EU with no agreement are now thought likely even if a deal is struck.


The prime minister has abandoned Theresa May’s promise of frictionless trade in favour of a loose ‘Canada-style’ agreement with the EU, allowing the UK to break free of some of its rules.


“Boris Johnson's deal is very different,” Raoul Ruparel, Mrs May's former Europe adviser, told Sky News.

"Boris Johnson's deal is closer to no trade agreement than to membership, whereas May's was closer to membership than no agreement.

“It is a big step down from the May deal because she wanted to avoid border friction and customs checks and regulatory checks.”


The Local Government Association also warned of the extra burden on councils legally responsible for undertaking checks, of imported live animals for example.

“Currently, products arriving from Europe do not receive the same checks as imports from the rest of the world. Introducing equivalent checks will have a significant impact,” said Kevin Bentley, chairman of its Brexit Taskforce.

In his speech on Monday, Mr Gove told businesses: “You have to accept we will need some friction. We will minimise it, but it is an inevitability of our departure.”

 

Huh? It's going to hit supermarket shelves in January?

Next January?

Lolz

 

Oh so now we have to take into account your lack of intelligence as well. Prat !!!

 

So, you are basically setting yourself up for 11 months of fake news...then in January nothing happens


Sounds like lots of job creation and government spending is going to happen over the next year to get your ports up to world standard, and they can check all the stuff coming in from the EU....check for things like dead Chinese immigrants in container trucks from Belgium wasn't it?

 

VG

I’m still waiting for your promised rationally based defence of Brexit -

So again, can you give a rational reason why you think Brexit will be good for the UK and its people?

Not wishful thinking

Not bluster

Not bullshit

A rational and reasonable argument

I mean we have been doing discussing this issue for over three years here and NO leaver has yet come up with one but…..

And please don’t claim like before that you have but refuse to say where or what it was I’m wise to that one

 

VG

It’s said that Boris and Dominic want to spend a lot of money they know Brexit will be bad for the economy so they want to spread some cash around so that the cracks aren’t so noticeable (or at least not by the Brexit base).

I’m all for Keynesian type spending to simulate an economy but this is just a cynical attempt to cover up the adverse effects of Brexit, so any gains that would have been seen from such a stimulus package are just going to be eaten up by the crap Brexit is likely to have on the economy, so the money spent is more likely to be a sad waste that only balloons the deficit.

Stimulus packages are meant to yet countries over bad economic patches they pay for themselves when there is a recovery they are not meant to cover up a bad decision whose adverse effects will carry on long after the money is spent.

 

"Germany was already in a feeble condition, logging growth of just 0.6% for the whole of 2019 amid weak global auto sales, the US-China trade war and uncertainty over Brexit.

Economists thought that the economy, which has been held back by its manufacturing sector, would start to pick up early this year. Then came the outbreak of the novel coronavirus.

China is the third biggest destination for German goods exports, and a drop in demand there is expected to further damage the country's factories. In 2018, the country exported goods worth nearly €94 billion ($101.6 billion) to China, more than four times as much as France.

German carmakers, which do big business in China, are exposed: Major automakers sold fewer than 2 million cars in China last month, an 18% plunge from a year earlier."

Europe's stagnant economy is vulnerable to a shock from China - CNN

 

You need to remember that the coronavirus is very real indeed.
Watch your state's economy go down in tourism due to the travel bans here in australia.

As for Brexit it sounds like it's another expense the brits don't need.

 

VG

Still notice you haven’t come up with that rational defence of Brexit yet…just saying... is your refusal to give one because you haven’t got one?

And about Germany is this just schadenfreude on your part?

Many economies around the world are experiencing problems; the UK would have been also even without Brexit.

But what the UK has done in having Brexit is to hugely exacerbate the problems it will face as one person put it on the radio the other day Brexit was like voting for trade sanctions against ourselves.