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re: Post EU Referendum
Originally Posted by Former Lancastrian
(Post 12048877)
But you don't have to Brexit or leave the EU as its not a binding legal decision and I don't believe the EU has the legal authority to expel the UK if Article 50 is not triggered. Now some are thinking it would be stupid not to follow through but worst case scenario what would happen. A few riots and demonstrations its not like the UK has never experienced those before :lol:
Seriously what would happen if article 50 was not triggered? If Article 50 isn't triggered, I suspect Labour will win the next election, which may not be a bad thing depending on who their leader is. And a lot of Leavers doing the same thing they accuse Remainers of doing now. :p |
re: Post EU Referendum
Labour will win the next election. :rofl:
:flypig::flypig::flypig: I'll go with Accrington Stanley will win the European Cup. Any advance on that ? :rofl: |
re: Post EU Referendum
Originally Posted by Dick Dasterdly
(Post 12048889)
Labour will win the next election. :rofl:
:flypig::flypig::flypig: I'll go with Accrington Stanley will win the European Cup. Any advance on that ? :rofl: One has a much higher likelihood than the other, and it isn't your fantasy. There'll be a lot of disillusioned voters if the Tories fail to trigger Article 50 and Brexit before the next election. Which means that Article 50 should be triggered within the next 1 year, 7 months and 25 days to have left before election day. |
re: Post EU Referendum
Originally Posted by Dick Dasterdly
(Post 12048889)
Labour will win the next election. :rofl:
:flypig::flypig::flypig: I'll go with Accrington Stanley will win the European Cup. Any advance on that ? :rofl: Hint you only need one finger :rofl: |
re: Post EU Referendum
Did this happen?
I would expect the new Prime Minister on September 9th to immediately trigger a large round of global trade deals with all our most favoured trade partners. I would expect that the negotiation phase of most of them to be concluded within between 12 and 24 months. So within two years, before the negotiation with the EU is likely to be complete, and therefore before anything material has changed, we can negotiate a free trade area massively larger than the EU. Trade deals with the US and China alone will give us a trade area almost twice the size of the EU, and of course we will also be seeking deals with Hong Kong, Canada, Australia, India, Japan, the UAE, Indonesia – and many others. So perhaps we've been wrong all along and we had better just shut up. |
re: Post EU Referendum
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re: Post EU Referendum
Originally Posted by jimenato
(Post 12049002)
Did this happen?
I didn't spot it but good show if it did - Brexit going much better than I and many other remainers expected - quite easy in fact. So perhaps we've been wrong all along and we had better just shut up. |
re: Post EU Referendum
There is a belief that a UK on its own will somehow prosper on "trade deals". But that notion dismisses the fact that other than a modest consuming market, a stand alone UK has little else to offer in return.
The UK is a service economy. The vast majority (about 80%) of its GDP is generated via public services. These aren't exportable. The UK doesn't produce much, has few natural resources, doesn't export much... But it is highly dependent on >imports<, so whoever has a trade deal with the UK can sell stuff to Britain. So that's a good deal. But then again, Europe (a nearby heavily export economy) will be supplying much of the UK's imports no matter what, so there's not much of a story there either. I don't believe anyone rubbished it. It's just that in the big scheme of things, it's rather insignificant. For Britain anyway. |
re: Post EU Referendum
Originally Posted by amideislas
(Post 12049012)
There is a belief that a UK on its own will somehow prosper on "trade deals". But that notion dismisses the fact that other than a modest consuming market, a stand alone UK has little else to offer in return.
The UK is a service economy. The vast majority (about 80%) of its GDP is generated via public services. These aren't exportable. The UK doesn't produce much, has few natural resources, doesn't export much... But it is highly dependent on >imports<, so whoever has a trade deal with the UK can sell stuff to Britain. So that's a good deal. But then again, Europe (a nearby heavily export economy) will be supplying much of the UK's imports no matter what, so there's not much of a story there either. I don't believe anyone rubbished it. It's just that in the big scheme of things, it's rather insignificant. For Britain anyway. |
re: Post EU Referendum
Originally Posted by Editha
(Post 12049015)
You are muddling 'public services', which don't produce GDP at all, with financial services, which are responsible for over 70% of GDP and which can be exported.
For example, the NHS is the UK's largest employer. Financial services, the UK's largest export (Europe representing the largest volume of trades) accounts for about 10% of GDP. Still a lot. |
re: Post EU Referendum
Originally Posted by amideislas
(Post 12049021)
Look it up. UK economy.
For example, the NHS is the UK's largest employer. Financial services, the UK's largest export (Europe representing the largest volume of trades) accounts for about 10% of GDP. Still a lot. |
re: Post EU Referendum
Originally Posted by amideislas
(Post 12049012)
There is a belief that a UK on its own will somehow prosper on "trade deals". But that notion dismisses the fact that other than a modest consuming market, a stand alone UK has little else to offer in return.
The UK is a service economy. The vast majority (about 80%) of its GDP is generated via public services. These aren't exportable. The UK doesn't produce much, has few natural resources, doesn't export much... But it is highly dependent on >imports<, so whoever has a trade deal with the UK can sell stuff to Britain. So that's a good deal. But then again, Europe (a nearby heavily export economy) will be supplying much of the UK's imports no matter what, so there's not much of a story there either. I don't believe anyone rubbished it. It's just that in the big scheme of things, it's rather insignificant. For Britain anyway. After 9 years failure to reach agreement with EU regarding trade deal they are hopeful for a deal with UK. Old link--but will increase further. India emerges as third largest FDI source for U.K. - The Hindu |
re: Post EU Referendum
Originally Posted by Bipat
(Post 12049024)
It's not just exports, investment job creation etc.
After 9 years failure to reach agreement with EU regarding trade deal they are hopeful for a deal with UK. Old link--but will increase further. India emerges as third largest FDI source for U.K. - The Hindu |
re: Post EU Referendum
Originally Posted by Editha
(Post 12049023)
Your link confirms what I already posted.
Also says public services accounts for 48% of total GDP (or about 70% of services GDP, if my maths are working). By far the largest segment of UK GDP. The great is in the details. Those pesky party-pooping details that few bother to look at when on the campaign stump. |
re: Post EU Referendum
Originally Posted by Dick Dasterdly
(Post 12048889)
Labour will win the next election. :rofl:
:flypig::flypig::flypig: I'll go with Accrington Stanley will win the European Cup. Any advance on that ? :rofl: |
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