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Post EU Referendum

Post EU Referendum

Old Jul 15th 2017, 3:28 pm
  #19756  
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Default Re: Post EU Referendum

Originally Posted by iano View Post
It was stated as being somewhere between 5-20% overvalued in 2015, based on the assumption that the UK would remain in the EU. Things have changed, different variables and unknowns, i.e future trading relationships.
It was stated that sterling was 5-20% over-valued, nothing about "based on the assumption....."

Here we have a clear expert opinion, yet now "things have changed" and the expert opinion of the BoA and IMF can be ignored by the extreme remainers.

I couldn't make it up how ridiculous you guys are, you really have become the UKIP swivel-eyed-loons in your never ending search for negatives about Brexit.
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Old Jul 15th 2017, 3:31 pm
  #19757  
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Default Re: Post EU Referendum

Originally Posted by Red Eric View Post
Incidentally :-


How can a one line summary - and not a particularly accurate one going by the first paragraph - of an article which, accessed online, fades out behind a paywall, rendering the rest unreadable to most of us, constitute a "perfetly reasonable point"? There was no rationale presented there at all. You yourself had to make a wild assumption about where the alleged savings (if, indeed, the conclusion of the article really was that there might be a realistic prospect of some) might come from.

I might just as well say I read an article somewhere suggesting a 16.8% increase in food prices. Would you think that was a perfectly reasonable point?
I don't read the Telegraph online so I don't look at their website. I buy the paper each day.
I have the article here in front of me. Would you like me to scan it in and post the file? Is it allowed to do that?
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Old Jul 15th 2017, 3:33 pm
  #19758  
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Default Re: Post EU Referendum

Originally Posted by la mancha View Post
India!
At least India is a fact, unlike most of your views.
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Old Jul 15th 2017, 3:36 pm
  #19759  
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Default Re: Post EU Referendum

Originally Posted by EMR View Post
Virtually every sector if the economy requiring any degree of skills is struggling to find Labour.
Without immigrants the UK economy would not have been one of the best performers until recently.
You keep referring to one forecast opinion by the BOE and IMF dies that mean you agreed with all the others regarding the downsides of brexit which are starting to reveal themselves.
You ignore the facts that the UK with sterling higher than today was out performing many in the G7.

FACTS not opinion.

Where are these tarrifs on foods that you state are the cause of high food prices.
Have you been to Tescos and seen where our food comes from.?
Skilled labour is not unskilled labour nor is it high net immigration.

The UK performance was all smoke and mirrors - an expanding GDP based around a hugely expanding population. The more pertinent data should have been the GDP per head and productivity - neither of which are helped by high net immigration of low-skilled workers and neither of which have been impressive for the UK.

Outperforming the G7 in what measures?

Tariffs - Tariffs | Reform the CAP

EU tariffs on agricultural products average 18% – over four times more than charges on other goods. All EU tariffs greater than 100% relate to agricultural products, with isoglucose hit hardest by a staggering 604% duty.

EU agricultural policies have increased agricultural prices by 12% in 2008, transferring € 36 billion from consumers to producers. This is particularly damaging to low-income households that spend a relatively high proportion of their income on food.
The reason the food in Tesco is often from the EU is because of the tariffs applied to non-EU sources.
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Old Jul 15th 2017, 3:38 pm
  #19760  
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Default Re: Post EU Referendum

Originally Posted by Expatrick View Post
So presumably non EU migrants do not work then?
No, they can also cause wage suppression - the key is in the title of the thread.
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Old Jul 15th 2017, 3:42 pm
  #19761  
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Default Re: Post EU Referendum

Originally Posted by EMR View Post
Where are these tarrifs on foods that you state are the cause of high food prices.
The EU imposes average agricultural tariffs of 22.3% on products from the rest of the world.

Outside of the customs union the UK could scrap these tariffs and increase imports from the rest of the world or continue to import from the EU at no worse than WTO terms deciding themselves as to which made the most economic sense.
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Old Jul 15th 2017, 3:45 pm
  #19762  
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Default Re: Post EU Referendum

Originally Posted by Cape Blue View Post
It was stated that sterling was 5-20% over-valued, nothing about "based on the assumption....."

Here we have a clear expert opinion, yet now "things have changed" and the expert opinion of the BoA and IMF can be ignored by the extreme remainers.

I couldn't make it up how ridiculous you guys are, you really have become the UKIP swivel-eyed-loons in your never ending search for negatives about Brexit.
We do not need to look for the negatives or more accurately Reality , our press , tv all media is full of them every day.
Those at the lower end of the income scale see them every day when they do their family shopping.
If we are in this position now when still in the EU , god only knows what mess will result if we lose our tarrifs free access to the EU markets.
Our need for Labour of all skills will not change, so the UK will have to accept immigration continuing atleast in the 6 figures.
As was reported yesterday the Government will not come clean on the inducements it is offering to the Auto giants in the UK to cushion them against tarrifs on their exports. Exports to the EU which account for almost 50% of UK production.
Airbus has announced that thousands of UK jobs could be at risk if Airbus loses the ability to move its workforce without any restrictions in and out if the UK.


These are facts, this is what is happening now.
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Old Jul 15th 2017, 3:52 pm
  #19763  
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Default Re: Post EU Referendum

People believe whatever they want.

A few days ago, I think Trump said something like he's the most popular president in history.

OK, right then. You're entitled to your opinion.
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Old Jul 15th 2017, 3:58 pm
  #19764  
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Default Re: Post EU Referendum

Originally Posted by Cape Blue View Post
Skilled labour is not unskilled labour nor is it high net immigration.

The UK performance was all smoke and mirrors - an expanding GDP based around a hugely expanding population. The more pertinent data should have been the GDP per head and productivity - neither of which are helped by high net immigration of low-skilled workers and neither of which have been impressive for the UK.

Outperforming the G7 in what measures?

Tariffs - Tariffs | Reform the CAP


The reason the food in Tesco is often from the EU is because of the tariffs applied to non-EU sources.
I take you do not shop in Tesco, you would be very surprised to see how much is not sourced from the EU.
Not high priced luxury items but basics like fruit and veg, popular brands.
Prices which are rising along with EU sourced due to the fall in sterling.
A fall due to the brexit vote and increasing concern at the direction the UK economy is taking because of the government's stance or lack of one on the UK economy.

If the UK abandoned the CAP then so much for the British farmer.
CAP is nothing compared to the support and subsidies in the US whose farmers are desperate to dump their products on the UK market.

Last edited by EMR; Jul 15th 2017 at 4:03 pm.
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Old Jul 15th 2017, 4:08 pm
  #19765  
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Default Re: Post EU Referendum

Originally Posted by Golden Years View Post
The EU imposes average agricultural tariffs of 22.3% on products from the rest of the world.

Outside of the customs union the UK could scrap these tariffs and increase imports from the rest of the world or continue to import from the EU at no worse than WTO terms deciding themselves as to which made the most economic sense.
And kill the British farmer. But hey you could restore the farmland in the UK to its natural state!!
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Old Jul 15th 2017, 4:17 pm
  #19766  
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Default Re: Post EU Referendum

Originally Posted by Assanah View Post
And kill the British farmer. But hey you could restore the farmland in the UK to its natural state!!
" Houses for the fecund and those at the bottom of society so that residence in our inner cities could be based on an apartheid of income and origin."
Workers would be bussed in and out every say before being returned to their Grenfell type housing on what was once productive agricultural land.
Cheap imported food from the US will keep the masses quiet just as the Roman elite did with bread and circuses.
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Old Jul 15th 2017, 4:20 pm
  #19767  
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Default Re: Post EU Referendum

Originally Posted by Cape Blue View Post
It was stated that sterling was 5-20% over-valued, nothing about "based on the assumption....."
My mistake, "conditional on", was stated, how 'ridiculous and swivel-eyed' are we.

See page 8 of the IMF Report...

It is important to note that this external assessment and the estimated degree of overvaluation in 2015 are conditional on the baseline scenario in which the UK remains in the EU.

http://www.imf.org/external/pubs/ft/...68.pdf#page=13
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Old Jul 15th 2017, 4:24 pm
  #19768  
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Default Re: Post EU Referendum

Originally Posted by EMR View Post
I take you do not shop in Tesco, you would be very surprised to see how much is not sourced from the EU.
Not high priced luxury items but basics like fruit and veg, popular brands.
Prices which are rising along with EU sourced due to the fall in sterling.
A fall due to the brexit vote and increasing concern at the direction the UK economy is taking because of the government's stance or lack of one on the UK economy.

If the UK abandoned the CAP then so much for the British farmer.
CAP is nothing compared to the support and subsidies in the US whose farmers are desperate to dump their products on the UK market.
I don't - only M&S or Waitrose. But good, these non-EU products will be circa 18% cheaper without the EU tariffs supplied once we have managed to leave.

Why should British farmers be subsidised? If we stop wasting our money subsidising farmers to live the high life, we can also have a tax reduction as well as the cheaper non-tariff food. Doubleplusgood.
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Old Jul 15th 2017, 4:25 pm
  #19769  
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Default Re: Post EU Referendum

Originally Posted by iano View Post
My mistake, "conditional on", was stated, how 'ridiculous and swivel-eyed' are we.

See page 8 of the IMF Report...

It is important to note that this external assessment and the estimated degree of overvaluation in 2015 are conditional on the baseline scenario in which the UK remains in the EU.

http://www.imf.org/external/pubs/ft/...68.pdf#page=13
It's good that you corrected yourself.
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Old Jul 15th 2017, 4:31 pm
  #19770  
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Default Re: Post EU Referendum

Originally Posted by Cape Blue View Post
I don't - only M&S or Waitrose. But good, these non-EU products will be circa 18% cheaper without the EU tariffs supplied once we have managed to leave.

Why should British farmers be subsidised? If we stop wasting our money subsidising farmers to live the high life, we can also have a tax reduction as well as the cheaper non-tariff food. Doubleplusgood.
As one who dios not live in your ratified world of premium prices I can now understand why you are so out of touch with reality.

You should come down to the west country you will not find many farmers living the high life.
Farmers who are dreading the removal off the protection they currently enjoy from cheap imports from outside of the EU.
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