The Brexit referendum thread: potential consequences for GB, EU and the Brits in CH - Page 307

amogles · #**6121** 26.10.2016, 14:30

	Quote:	marton
	So? No doubt they will continue to do this and there will be ever new offers from mainland Europe States to attract UK based companies.

You do realize that without the EU behind our back we can unroll much more attractive susbidy programs and fiscal breaks ... if that's what we want.

marton · #**6122** 26.10.2016, 14:39

	Quote:	amogles
	You do realize that without the EU behind our back we can unroll much more attractive susbidy programs and fiscal breaks ... if that's what we want.

But then we would have the WTO behind our back.

plus ça change, plus c'est la même chose!

Medea Fleecestealer · #**6123** 26.10.2016, 15:12

And now the good news.

http://www.bbc.com/news/uk-wales-sou...wales-37772190

http://www.bbc.com/news/uk-northern-ireland-37764732

Blueangel · #**6124** 26.10.2016, 17:18

	Quote:	Medea Fleecestealer
	And now the good news. http://www.bbc.com/news/uk-wales-sou...wales-37772190

|Really?

	Quote:
	"Now's the time I start having sleepless nights and getting anxious waiting for customers to show up," he told BBC Radio Wales' Good Morning Wales programme. "We do have to rely on importing some trees to satisfy demand, and the price has gone up by 15 or 16%.

Jim2007 · #**6125** 26.10.2016, 22:08

	Quote:	Medea Fleecestealer
	And now the good news. http://www.bbc.com/news/uk-wales-sou...wales-37772190

What is the betting that it will be difficult to find an British Christmas tree this year, but they'll happily sell you and imported one for more......

Jim2007 · #**6126** 26.10.2016, 22:12

	Quote:	amogles
	You do realize that without the EU behind our back we can unroll much more attractive susbidy programs and fiscal breaks ... if that's what we want.

No doubt the British taxpayer will be happy to foot the bill as usual then...Not

Mikers · #**6127** 26.10.2016, 22:14

	Quote:	Jim2007
	No doubt the British taxpayer will be happy to foot the bill as usual then...Not

More business = greater tax revenue. It's how you run low tax regimes.

Urs Max · #**6128** 27.10.2016, 10:45

	Quote:	Jim2007
	No doubt the British taxpayer will be happy to foot the bill as usual then...Not

They may not have a choice. It has been proposed to halve company profit rate from 20% to 10% just to keep companies from leaving, and someone will have to foot the bill if it's actually implemented.

marton · #**6129** 27.10.2016, 10:51

Swiss company ABB reported their third quarter results today and claimed that orders from the UK were 56% down versus the same quarter in 2015. They said these companies tell them they are waiting to see how Brexit works out.

Of course such changes are good for the UK balance of payments.

Source

Medea Fleecestealer · #**6130** 27.10.2016, 13:42

Nissan commits to the UK.

http://www.bbc.com/news/business-37787890

Mikers · #**6131** 27.10.2016, 15:11

	Quote:	marton
	Swiss company ABB reported their third quarter results today and claimed that orders from the UK were 56% down versus the same quarter in 2015. They said these companies tell them they are waiting to see how Brexit works out. Of course such changes are good for the UK balance of payments. Source

Great UK econonomic figures today
http://www.telegraph.co.uk/business/...figures-to-sh/

Reb77Br · #**6132** 27.10.2016, 15:56

Every silver lining has a cloud.

Australia has just dealt a massive blow to the UK government's Brexit plans

#**6133** 27.10.2016, 16:02

	Quote:	Medea Fleecestealer
	Nissan commits to the UK. http://www.bbc.com/news/business-37787890

Will be interesting to find out what exactly has been promised, particularly in view of:

"It seems likely that the government has now promised some sort of financial support to cushion Nissan against such an impact. That will be controversial, of course. But once outside the EU, it won't necessarily be illegal."

AFAIK, WTO rules allow additional retalitory tarifs to compensate this form of support so even if not illegal it might prove less than fully effective.

marton · #**6134** 27.10.2016, 16:04

	Quote:	Reb77Br
	Every silver lining has a cloud. Australia has just dealt a massive blow to the UK government's Brexit plans

and to add to the joy
"Privately Australian officials want the deal to include privileged access to UK labour market!"

Oh sorry, I forgot the Brexit campaign was about sovereignty, not immigration

#**6135** 27.10.2016, 16:05

	Quote:	Mikers
	Great UK econonomic figures today http://www.telegraph.co.uk/business/...figures-to-sh/

So seems the UK economy performs just fine as a full part of the EU. Although I see the uncertainty over Brexit dropped the growth from 0.7% in the previous quarter.

Now once the UK actually leaves the EU lets see what happens.

Edit...quickly scanning the detail it all looks rather less rosy. Music, film and TV make up most of the increase while:

"Manufacturing dropped by 1% in the third quarter, while production fell 0.4% and agriculture slipped by 0.7%"

marton · #**6136** 27.10.2016, 16:10

	Quote:
	Will be interesting to find out what exactly has been promised, particularly in view of: "It seems likely that the government has now promised some sort of financial support to cushion Nissan against such an impact. That will be controversial, of course. But once outside the EU, it won't necessarily be illegal." AFAIK, WTO rules allow additional retalitory tarifs to compensate this form of support so even if not illegal it might prove less than fully effective.

You mean like this?
On 17 September 2012, the United States notified the WTO Secretariat of a request for consultations with China on “China’s measures providing subsidies such as grants, loans, forgone government revenue, the provision of goods and services and other incentives contingent upon export performance to automobile and automobile-parts enterprises in China”.

There are many other examples on the WTO web site.

marton · #**6137** 27.10.2016, 16:22

	Quote:	Medea Fleecestealer
	Nissan commits to the UK. http://www.bbc.com/news/business-37787890

Great, so any savings from the EU payments will go to foreign auto manufacturers instead of to the NHS. Good idea!

#**6138** 27.10.2016, 20:27

Speaking of the NHS, the first cracks in the SNP are appearing.

They have failed to meet 7 out of 8 NHS targets in Scotland and Sturgeon was the minister for health. If the Scots lose confidence in the NHS, they could lose confidence in the SNP.

So much for independence.

As reported on the BBC news just now.

And they're reporting it's all good news economically. But they always end with it may go wrong later.

If they keep reporting like that, eventually they'll be right.

amogles · #**6139** 27.10.2016, 20:39

	Quote:	Zurichowl
	And they're reporting it's all good news economically. But they always end with it may go wrong later. If they keep reporting like that, eventually they'll be right.

I suppose that is true of virtually everything.

fatmanfilms · #**6140** 27.10.2016, 20:54

	Quote:	marton
	Swiss company ABB reported their third quarter results today and claimed that orders from the UK were 56% down versus the same quarter in 2015. They said these companies tell them they are waiting to see how Brexit works out. Of course such changes are good for the UK balance of payments. Source

The Swiss currency is too high, Swiss companies will have to cut prices to stay competitive. hardly a big surprise to the reel world. The watch industry has been amazingly lucky so far.