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Brexit
Jul 31, 2019 14:35:08 GMT 1
via mobile
Brexit, by Daylight Robber on Jul 31, 2019 14:35:08 GMT 1, And return to the UK in more debt than he would've done otherwise only to find that the factory are laying off and he's losing his job. Give it up you boring bastard haven't you got any art to talk about ?
Reported. Abusive in the unsolicited PMs, abusive in this thread. I'd guess not a very pleasant person in real life.
And return to the UK in more debt than he would've done otherwise only to find that the factory are laying off and he's losing his job. Give it up you boring bastard haven't you got any art to talk about ? Reported. Abusive in the unsolicited PMs, abusive in this thread. I'd guess not a very pleasant person in real life. |
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Brexit
Jul 31, 2019 14:38:23 GMT 1
via mobile
Brexit, by Daylight Robber on Jul 31, 2019 14:38:23 GMT 1, Had no idea there were so many pessimists in the urban art world. If all your worst nightmares come true and you have to start offloading your Banksy prints on the cheap be sure to PM me, I'm fully hedged and ready to purchase!
And yet there are millions on the breadline who this is going to impact significantly.
Had no idea there were so many pessimists in the urban art world. If all your worst nightmares come true and you have to start offloading your Banksy prints on the cheap be sure to PM me, I'm fully hedged and ready to purchase! And yet there are millions on the breadline who this is going to impact significantly. |
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Deleted
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January 1970
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Brexit
Jul 31, 2019 14:55:42 GMT 1
Brexit, by Deleted on Jul 31, 2019 14:55:42 GMT 1, Had no idea there were so many pessimists in the urban art world. If all your worst nightmares come true and you have to start offloading your Banksy prints on the cheap be sure to PM me, I'm fully hedged and ready to purchase! And yet there are millions on the breadline who this is going to impact significantly.
Yea yea... I was told there would be an immediate recession straight after a leave vote and people have predicted it ever since. But the economy just keeps getting stronger. Employment keeps hitting record highs, there is little to no slack left, wages are going up faster than inflation. Even though Brexit hasn't happened yet, you'd think business would be leaving in vast droves and the markets would be pricing in this 'imminent disaster'. But they aren't. I mean of course there will be some impact if a no deal happens, but long term we'll be fine. Plenty of countries do just fine on their own when they fully embrace free trade and I see no why reason why we can't do the same.
Had no idea there were so many pessimists in the urban art world. If all your worst nightmares come true and you have to start offloading your Banksy prints on the cheap be sure to PM me, I'm fully hedged and ready to purchase! And yet there are millions on the breadline who this is going to impact significantly. Yea yea... I was told there would be an immediate recession straight after a leave vote and people have predicted it ever since. But the economy just keeps getting stronger. Employment keeps hitting record highs, there is little to no slack left, wages are going up faster than inflation. Even though Brexit hasn't happened yet, you'd think business would be leaving in vast droves and the markets would be pricing in this 'imminent disaster'. But they aren't. I mean of course there will be some impact if a no deal happens, but long term we'll be fine. Plenty of countries do just fine on their own when they fully embrace free trade and I see no why reason why we can't do the same. |
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Deleted
🗨️ 0
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January 1970
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Brexit
Jul 31, 2019 14:57:27 GMT 1
via mobile
Brexit, by Deleted on Jul 31, 2019 14:57:27 GMT 1, Brexit has totally fucked my art buying.. c**t
Brexit has totally fucked my art buying.. c**t
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rebate
Junior Member
🗨️ 1,050
👍🏻 961
January 2018
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Brexit
Jul 31, 2019 15:26:02 GMT 1
Brexit, by rebate on Jul 31, 2019 15:26:02 GMT 1, And yet there are millions on the breadline who this is going to impact significantly. Yea yea... I was told there would be an immediate recession straight after a leave vote and people have predicted it ever since. But the economy just keeps getting stronger. Employment keeps hitting record highs, there is little to no slack left, wages are going up faster than inflation. Even though Brexit hasn't happened yet, you'd think business would be leaving in vast droves and the markets would be pricing in this 'imminent disaster'. But they aren't. I mean of course there will be some impact if a no deal happens, but long term we'll be fine. Plenty of countries do just fine on their own when they fully embrace free trade and I see no why reason why we can't do the same.
Huge wage rises for those already at the top.
Piss poor use of data.
And yet there are millions on the breadline who this is going to impact significantly. Yea yea... I was told there would be an immediate recession straight after a leave vote and people have predicted it ever since. But the economy just keeps getting stronger. Employment keeps hitting record highs, there is little to no slack left, wages are going up faster than inflation. Even though Brexit hasn't happened yet, you'd think business would be leaving in vast droves and the markets would be pricing in this 'imminent disaster'. But they aren't. I mean of course there will be some impact if a no deal happens, but long term we'll be fine. Plenty of countries do just fine on their own when they fully embrace free trade and I see no why reason why we can't do the same. Totally faked employment stats based on a very twisted assumption of what represents full time employment. Huge wage rises for those already at the top. Piss poor use of data. |
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nex
Junior Member
🗨️ 2,573
👍🏻 1,819
February 2009
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Brexit
Jul 31, 2019 15:26:21 GMT 1
via mobile
Brexit, by nex on Jul 31, 2019 15:26:21 GMT 1, And yet there are millions on the breadline who this is going to impact significantly. Yea yea... I was told there would be an immediate recession straight after a leave vote and people have predicted it ever since. But the economy just keeps getting stronger. Employment keeps hitting record highs, there is little to no slack left, wages are going up faster than inflation. Even though Brexit hasn't happened yet, you'd think business would be leaving in vast droves and the markets would be pricing in this 'imminent disaster'. But they aren't. I mean of course there will be some impact if a no deal happens, but long term we'll be fine. Plenty of countries do just fine on their own when they fully embrace free trade and I see no why reason why we can't do the same.
Did you know we currently have free trade with our largest trading partner?
And yet there are millions on the breadline who this is going to impact significantly. Yea yea... I was told there would be an immediate recession straight after a leave vote and people have predicted it ever since. But the economy just keeps getting stronger. Employment keeps hitting record highs, there is little to no slack left, wages are going up faster than inflation. Even though Brexit hasn't happened yet, you'd think business would be leaving in vast droves and the markets would be pricing in this 'imminent disaster'. But they aren't. I mean of course there will be some impact if a no deal happens, but long term we'll be fine. Plenty of countries do just fine on their own when they fully embrace free trade and I see no why reason why we can't do the same. Did you know we currently have free trade with our largest trading partner? |
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silvermyn
Junior Member
🗨️ 1,612
👍🏻 781
April 2008
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Brexit
Jul 31, 2019 15:31:52 GMT 1
Brexit, by silvermyn on Jul 31, 2019 15:31:52 GMT 1, And yet there are millions on the breadline who this is going to impact significantly. Yea yea... I was told there would be an immediate recession straight after a leave vote and people have predicted it ever since. But the economy just keeps getting stronger. Employment keeps hitting record highs, there is little to no slack left, wages are going up faster than inflation. Even though Brexit hasn't happened yet, you'd think business would be leaving in vast droves and the markets would be pricing in this 'imminent disaster'. But they aren't. I mean of course there will be some impact if a no deal happens, but long term we'll be fine. Plenty of countries do just fine on their own when they fully embrace free trade and I see no why reason why we can't do the same. You are forgetting that the markets have priced in the "imminent disaster".
It was priced in as soon as the Leave vote appeared to have won. The demand for Sterling fell overnight, hence the drop of the GBP compared to other major currencies.
And yet there are millions on the breadline who this is going to impact significantly. Yea yea... I was told there would be an immediate recession straight after a leave vote and people have predicted it ever since. But the economy just keeps getting stronger. Employment keeps hitting record highs, there is little to no slack left, wages are going up faster than inflation. Even though Brexit hasn't happened yet, you'd think business would be leaving in vast droves and the markets would be pricing in this 'imminent disaster'. But they aren't. I mean of course there will be some impact if a no deal happens, but long term we'll be fine. Plenty of countries do just fine on their own when they fully embrace free trade and I see no why reason why we can't do the same. You are forgetting that the markets have priced in the "imminent disaster".
It was priced in as soon as the Leave vote appeared to have won. The demand for Sterling fell overnight, hence the drop of the GBP compared to other major currencies.
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Deleted
🗨️ 0
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January 1970
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Brexit
Jul 31, 2019 15:34:58 GMT 1
Brexit, by Deleted on Jul 31, 2019 15:34:58 GMT 1, Brexit has totally fucked my art buying.. c**t
Brexit has totally fucked my art buying.. c**t #firstworldproblems |
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Deleted
🗨️ 0
👍🏻
January 1970
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Brexit
Jul 31, 2019 15:35:48 GMT 1
via mobile
Brexit, by Deleted on Jul 31, 2019 15:35:48 GMT 1, Brexit has totally fucked my art buying.. c**t #firstworldproblems
I use art to feed my adopted Ethiopian children!
You are a cruel person
Brexit has totally fucked my art buying.. c**t #firstworldproblems I use art to feed my adopted Ethiopian children! You are a cruel person |
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Leo Boyd
Artist
Junior Member
🗨️ 1,476
👍🏻 2,090
June 2016
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Brexit
Jul 31, 2019 15:39:25 GMT 1
Brexit, by Leo Boyd on Jul 31, 2019 15:39:25 GMT 1, Yea yea... I was told there would be an immediate recession straight after a leave vote and people have predicted it ever since. But the economy just keeps getting stronger. Employment keeps hitting record highs, there is little to no slack left, wages are going up faster than inflation. Even though Brexit hasn't happened yet, you'd think business would be leaving in vast droves and the markets would be pricing in this 'imminent disaster'. But they aren't. I mean of course there will be some impact if a no deal happens, but long term we'll be fine. Plenty of countries do just fine on their own when they fully embrace free trade and I see no why reason why we can't do the same.
People said there would be a recession after we left. As it stands we are still very much in the EU with all the trade agreements, labor laws, human rights acts and free movement of members that that entails.
When you say plenty of countries do just fine on their own when they embrace free trade what do you mean?
We have free trade as such now.
If we crash out we will not have free trade but WTO trade.
And even if plenty of countries do do well on their own that is probably more down to having decent leaders who know what they are doing to steer them through the initial dodgy years.
We don't have that luxury. We have disaster capitalists who will embrace the fuck out of the shock doctrine as fast as they can. Not because of some free market ideology but because they are going to make an absolute killing.
Yea yea... I was told there would be an immediate recession straight after a leave vote and people have predicted it ever since. But the economy just keeps getting stronger. Employment keeps hitting record highs, there is little to no slack left, wages are going up faster than inflation. Even though Brexit hasn't happened yet, you'd think business would be leaving in vast droves and the markets would be pricing in this 'imminent disaster'. But they aren't. I mean of course there will be some impact if a no deal happens, but long term we'll be fine. Plenty of countries do just fine on their own when they fully embrace free trade and I see no why reason why we can't do the same. No People said there would be a recession after we left. As it stands we are still very much in the EU with all the trade agreements, labor laws, human rights acts and free movement of members that that entails. When you say plenty of countries do just fine on their own when they embrace free trade what do you mean? We have free trade as such now. If we crash out we will not have free trade but WTO trade. And even if plenty of countries do do well on their own that is probably more down to having decent leaders who know what they are doing to steer them through the initial dodgy years. We don't have that luxury. We have disaster capitalists who will embrace the fuck out of the shock doctrine as fast as they can. Not because of some free market ideology but because they are going to make an absolute killing. |
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Deleted
🗨️ 0
👍🏻
January 1970
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Brexit
Jul 31, 2019 15:46:51 GMT 1
Brexit, by Deleted on Jul 31, 2019 15:46:51 GMT 1, Yea yea... I was told there would be an immediate recession straight after a leave vote and people have predicted it ever since. But the economy just keeps getting stronger. Employment keeps hitting record highs, there is little to no slack left, wages are going up faster than inflation. Even though Brexit hasn't happened yet, you'd think business would be leaving in vast droves and the markets would be pricing in this 'imminent disaster'. But they aren't. I mean of course there will be some impact if a no deal happens, but long term we'll be fine. Plenty of countries do just fine on their own when they fully embrace free trade and I see no why reason why we can't do the same. No People said there would be a recession after we left. As it stands we are still very much in the EU with all the trade agreements, labor laws, human rights acts and free movement of members that that entails. When you say plenty of countries do just fine on their own when they embrace free trade what do you mean? We have free trade as such now. If we crash out we will not have free trade but WTO trade. And even if plenty of countries do do well on their own that is probably more down to having decent leaders who know what they are doing to steer them through the initial dodgy years. We don't have that luxury. We have disaster capitalists who will embrace the f**kout of the shock doctrine as fast as they can. Not because of some free market ideology but because they are going to make an absolute killing.
Do you know what WTO trade is? The entire point of that organisation is free trade.
Yea yea... I was told there would be an immediate recession straight after a leave vote and people have predicted it ever since. But the economy just keeps getting stronger. Employment keeps hitting record highs, there is little to no slack left, wages are going up faster than inflation. Even though Brexit hasn't happened yet, you'd think business would be leaving in vast droves and the markets would be pricing in this 'imminent disaster'. But they aren't. I mean of course there will be some impact if a no deal happens, but long term we'll be fine. Plenty of countries do just fine on their own when they fully embrace free trade and I see no why reason why we can't do the same. No People said there would be a recession after we left. As it stands we are still very much in the EU with all the trade agreements, labor laws, human rights acts and free movement of members that that entails. When you say plenty of countries do just fine on their own when they embrace free trade what do you mean? We have free trade as such now. If we crash out we will not have free trade but WTO trade. And even if plenty of countries do do well on their own that is probably more down to having decent leaders who know what they are doing to steer them through the initial dodgy years. We don't have that luxury. We have disaster capitalists who will embrace the f**kout of the shock doctrine as fast as they can. Not because of some free market ideology but because they are going to make an absolute killing. No, you are remembering wrong: "Publishing Treasury analysis, he said a Leave vote would cause an "immediate and profound" economic shock, with growth between 3% and 6% lower" Do you know what WTO trade is? The entire point of that organisation is free trade. |
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Deleted
🗨️ 0
👍🏻
January 1970
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Brexit
Jul 31, 2019 15:47:46 GMT 1
Brexit, by Deleted on Jul 31, 2019 15:47:46 GMT 1, Yea yea... I was told there would be an immediate recession straight after a leave vote and people have predicted it ever since. But the economy just keeps getting stronger. Employment keeps hitting record highs, there is little to no slack left, wages are going up faster than inflation. Even though Brexit hasn't happened yet, you'd think business would be leaving in vast droves and the markets would be pricing in this 'imminent disaster'. But they aren't. I mean of course there will be some impact if a no deal happens, but long term we'll be fine. Plenty of countries do just fine on their own when they fully embrace free trade and I see no why reason why we can't do the same. Did you know we currently have free trade with our largest trading partner?
No shit. Did you know there is a big wide world out there?
Yea yea... I was told there would be an immediate recession straight after a leave vote and people have predicted it ever since. But the economy just keeps getting stronger. Employment keeps hitting record highs, there is little to no slack left, wages are going up faster than inflation. Even though Brexit hasn't happened yet, you'd think business would be leaving in vast droves and the markets would be pricing in this 'imminent disaster'. But they aren't. I mean of course there will be some impact if a no deal happens, but long term we'll be fine. Plenty of countries do just fine on their own when they fully embrace free trade and I see no why reason why we can't do the same. Did you know we currently have free trade with our largest trading partner? No shit. Did you know there is a big wide world out there? |
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Deleted
🗨️ 0
👍🏻
January 1970
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Brexit
Jul 31, 2019 15:48:36 GMT 1
Brexit, by Deleted on Jul 31, 2019 15:48:36 GMT 1, Yea yea... I was told there would be an immediate recession straight after a leave vote and people have predicted it ever since. But the economy just keeps getting stronger. Employment keeps hitting record highs, there is little to no slack left, wages are going up faster than inflation. Even though Brexit hasn't happened yet, you'd think business would be leaving in vast droves and the markets would be pricing in this 'imminent disaster'. But they aren't. I mean of course there will be some impact if a no deal happens, but long term we'll be fine. Plenty of countries do just fine on their own when they fully embrace free trade and I see no why reason why we can't do the same. Totally faked employment stats based on a very twisted assumption of what represents full time employment. Huge wage rises for those already at the top. Piss poor use of data.
Lol
Yea yea... I was told there would be an immediate recession straight after a leave vote and people have predicted it ever since. But the economy just keeps getting stronger. Employment keeps hitting record highs, there is little to no slack left, wages are going up faster than inflation. Even though Brexit hasn't happened yet, you'd think business would be leaving in vast droves and the markets would be pricing in this 'imminent disaster'. But they aren't. I mean of course there will be some impact if a no deal happens, but long term we'll be fine. Plenty of countries do just fine on their own when they fully embrace free trade and I see no why reason why we can't do the same. Totally faked employment stats based on a very twisted assumption of what represents full time employment. Huge wage rises for those already at the top. Piss poor use of data. Lol |
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Deleted
🗨️ 0
👍🏻
January 1970
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Brexit
Jul 31, 2019 15:51:59 GMT 1
Brexit, by Deleted on Jul 31, 2019 15:51:59 GMT 1, Yea yea... I was told there would be an immediate recession straight after a leave vote and people have predicted it ever since. But the economy just keeps getting stronger. Employment keeps hitting record highs, there is little to no slack left, wages are going up faster than inflation. Even though Brexit hasn't happened yet, you'd think business would be leaving in vast droves and the markets would be pricing in this 'imminent disaster'. But they aren't. I mean of course there will be some impact if a no deal happens, but long term we'll be fine. Plenty of countries do just fine on their own when they fully embrace free trade and I see no why reason why we can't do the same. You are forgetting that the markets have priced in the "imminent disaster".
It was priced in as soon as the Leave vote appeared to have won. The demand for Sterling fell overnight, hence the drop of the GBP compared to other major currencies.
There is that granted, but it's hardly at 'disaster' levels. And a weak currency is pretty beneficial to us right now, hence why loads of countries round the world are trying to deliberately devalue their currency.
Yea yea... I was told there would be an immediate recession straight after a leave vote and people have predicted it ever since. But the economy just keeps getting stronger. Employment keeps hitting record highs, there is little to no slack left, wages are going up faster than inflation. Even though Brexit hasn't happened yet, you'd think business would be leaving in vast droves and the markets would be pricing in this 'imminent disaster'. But they aren't. I mean of course there will be some impact if a no deal happens, but long term we'll be fine. Plenty of countries do just fine on their own when they fully embrace free trade and I see no why reason why we can't do the same. You are forgetting that the markets have priced in the "imminent disaster".
It was priced in as soon as the Leave vote appeared to have won. The demand for Sterling fell overnight, hence the drop of the GBP compared to other major currencies.
There is that granted, but it's hardly at 'disaster' levels. And a weak currency is pretty beneficial to us right now, hence why loads of countries round the world are trying to deliberately devalue their currency. |
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Leo Boyd
Artist
Junior Member
🗨️ 1,476
👍🏻 2,090
June 2016
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Brexit
Jul 31, 2019 16:15:40 GMT 1
Brexit, by Leo Boyd on Jul 31, 2019 16:15:40 GMT 1, No, you are remembering wrong: "Publishing Treasury analysis, he said a Leave vote would cause an "immediate and profound" economic shock, with growth between 3% and 6% lower" Do you know what WTO trade is? The entire point of that organisation is free trade.
First where is the
The WTO is the place where countries negotiate the rules of international trade - there are 164 members and, if they don't have free trade agreements with each other, they trade under "WTO rules".
Which are?
Every WTO member has a list of tariffs (taxes on imports of goods) and quotas (limits on the number of goods) that they apply to other countries. These are known as their WTO schedules.
The average EU tariff is pretty low (about 2.8% for non-agricultural products) - but, in some sectors, tariffs can be quite high.
Under WTO rules, after Brexit, cars would be taxed at 10% when they crossed the UK-EU border. And agricultural tariffs would be significantly higher, rising to an average of more than 35% for dairy products.
It's important to remember that, under the WTO's "most favoured nation" rules, the UK couldn't just lower tariffs for the EU, or any specific country, unless it had agreed a trade deal. It has to treat every WTO member around the world with which it does not have a trade deal in the same way.
No, you are remembering wrong: "Publishing Treasury analysis, he said a Leave vote would cause an "immediate and profound" economic shock, with growth between 3% and 6% lower" Do you know what WTO trade is? The entire point of that organisation is free trade. Huh? First where is the The WTO is the place where countries negotiate the rules of international trade - there are 164 members and, if they don't have free trade agreements with each other, they trade under "WTO rules". Which are? Every WTO member has a list of tariffs (taxes on imports of goods) and quotas (limits on the number of goods) that they apply to other countries. These are known as their WTO schedules. The average EU tariff is pretty low (about 2.8% for non-agricultural products) - but, in some sectors, tariffs can be quite high. Under WTO rules, after Brexit, cars would be taxed at 10% when they crossed the UK-EU border. And agricultural tariffs would be significantly higher, rising to an average of more than 35% for dairy products. It's important to remember that, under the WTO's "most favoured nation" rules, the UK couldn't just lower tariffs for the EU, or any specific country, unless it had agreed a trade deal. It has to treat every WTO member around the world with which it does not have a trade deal in the same way. |
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Deleted
🗨️ 0
👍🏻
January 1970
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Brexit
Jul 31, 2019 16:20:26 GMT 1
Brexit, by Deleted on Jul 31, 2019 16:20:26 GMT 1, No, you are remembering wrong: "Publishing Treasury analysis, he said a Leave vote would cause an "immediate and profound" economic shock, with growth between 3% and 6% lower" Do you know what WTO trade is? The entire point of that organisation is free trade. Huh? First where is the The WTO is the place where countries negotiate the rules of international trade - there are 164 members and, if they don't have free trade agreements with each other, they trade under "WTO rules". Which are? Every WTO member has a list of tariffs (taxes on imports of goods) and quotas (limits on the number of goods) that they apply to other countries. These are known as their WTO schedules. The average EU tariff is pretty low (about 2.8% for non-agricultural products) - but, in some sectors, tariffs can be quite high. Under WTO rules, after Brexit, cars would be taxed at 10% when they crossed the UK-EU border. And agricultural tariffs would be significantly higher, rising to an average of more than 35% for dairy products. It's important to remember that, under the WTO's "most favoured nation" rules, the UK couldn't just lower tariffs for the EU, or any specific country, unless it had agreed a trade deal. It has to treat every WTO member around the world with which it does not have a trade deal in the same way.
The entire reason the WTO exists is to promote global free trade and reduce tariffs as much as possible. And yes I'm aware how it works.
No, you are remembering wrong: "Publishing Treasury analysis, he said a Leave vote would cause an "immediate and profound" economic shock, with growth between 3% and 6% lower" Do you know what WTO trade is? The entire point of that organisation is free trade. Huh? First where is the The WTO is the place where countries negotiate the rules of international trade - there are 164 members and, if they don't have free trade agreements with each other, they trade under "WTO rules". Which are? Every WTO member has a list of tariffs (taxes on imports of goods) and quotas (limits on the number of goods) that they apply to other countries. These are known as their WTO schedules. The average EU tariff is pretty low (about 2.8% for non-agricultural products) - but, in some sectors, tariffs can be quite high. Under WTO rules, after Brexit, cars would be taxed at 10% when they crossed the UK-EU border. And agricultural tariffs would be significantly higher, rising to an average of more than 35% for dairy products. It's important to remember that, under the WTO's "most favoured nation" rules, the UK couldn't just lower tariffs for the EU, or any specific country, unless it had agreed a trade deal. It has to treat every WTO member around the world with which it does not have a trade deal in the same way. The entire reason the WTO exists is to promote global free trade and reduce tariffs as much as possible. And yes I'm aware how it works. |
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k2
New Member
🗨️ 528
👍🏻 972
November 2016
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Brexit
Jul 31, 2019 16:23:26 GMT 1
Brexit, by k2 on Jul 31, 2019 16:23:26 GMT 1, Huh? First where is the The WTO is the place where countries negotiate the rules of international trade - there are 164 members and, if they don't have free trade agreements with each other, they trade under "WTO rules". Which are? Every WTO member has a list of tariffs (taxes on imports of goods) and quotas (limits on the number of goods) that they apply to other countries. These are known as their WTO schedules. The average EU tariff is pretty low (about 2.8% for non-agricultural products) - but, in some sectors, tariffs can be quite high. Under WTO rules, after Brexit, cars would be taxed at 10% when they crossed the UK-EU border. And agricultural tariffs would be significantly higher, rising to an average of more than 35% for dairy products. It's important to remember that, under the WTO's "most favoured nation" rules, the UK couldn't just lower tariffs for the EU, or any specific country, unless it had agreed a trade deal. It has to treat every WTO member around the world with which it does not have a trade deal in the same way. The entire reason the WTO exists is to promote global free trade and reduce tariffs as much as possible. And yes I'm aware how it works.
Huh? First where is the The WTO is the place where countries negotiate the rules of international trade - there are 164 members and, if they don't have free trade agreements with each other, they trade under "WTO rules". Which are? Every WTO member has a list of tariffs (taxes on imports of goods) and quotas (limits on the number of goods) that they apply to other countries. These are known as their WTO schedules. The average EU tariff is pretty low (about 2.8% for non-agricultural products) - but, in some sectors, tariffs can be quite high. Under WTO rules, after Brexit, cars would be taxed at 10% when they crossed the UK-EU border. And agricultural tariffs would be significantly higher, rising to an average of more than 35% for dairy products. It's important to remember that, under the WTO's "most favoured nation" rules, the UK couldn't just lower tariffs for the EU, or any specific country, unless it had agreed a trade deal. It has to treat every WTO member around the world with which it does not have a trade deal in the same way. The entire reason the WTO exists is to promote global free trade and reduce tariffs as much as possible. And yes I'm aware how it works. You're the 'a pound is a pound' guy, right? |
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rebate
Junior Member
🗨️ 1,050
👍🏻 961
January 2018
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Brexit
Jul 31, 2019 16:23:36 GMT 1
Brexit, by rebate on Jul 31, 2019 16:23:36 GMT 1, Totally faked employment stats based on a very twisted assumption of what represents full time employment. Huge wage rises for those already at the top. Piss poor use of data. Lol
Totally faked employment stats based on a very twisted assumption of what represents full time employment. Huge wage rises for those already at the top. Piss poor use of data. Lol Whats to laugh at? You base what you say on some of the worst information out there. Kinda unfortunate really. |
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Dive Jedi
Junior Member
🗨️ 6,194
👍🏻 9,453
October 2015
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Brexit
Jul 31, 2019 16:28:23 GMT 1
Brexit, by Dive Jedi on Jul 31, 2019 16:28:23 GMT 1, You are forgetting that the markets have priced in the "imminent disaster".
It was priced in as soon as the Leave vote appeared to have won. The demand for Sterling fell overnight, hence the drop of the GBP compared to other major currencies.
On the bright side, GBP Sterling is not the worst performing currency in the world today.
GBP Sterling is the second-worst performing currency in the world today.
After Venezuela ? ? 
You are forgetting that the markets have priced in the "imminent disaster".
It was priced in as soon as the Leave vote appeared to have won. The demand for Sterling fell overnight, hence the drop of the GBP compared to other major currencies.
On the bright side, GBP Sterling is not the worst performing currency in the world today.
GBP Sterling is the second-worst performing currency in the world today.
After Venezuela ? ? |
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Deleted
🗨️ 0
👍🏻
January 1970
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Brexit
Jul 31, 2019 16:28:58 GMT 1
Brexit, by Deleted on Jul 31, 2019 16:28:58 GMT 1, You are forgetting that the markets have priced in the "imminent disaster".
It was priced in as soon as the Leave vote appeared to have won. The demand for Sterling fell overnight, hence the drop of the GBP compared to other major currencies.
On the bright side, GBP Sterling is not the worst performing currency in the world today.
GBP Sterling is the second-worst performing currency in the world today.
You are forgetting that the markets have priced in the "imminent disaster".
It was priced in as soon as the Leave vote appeared to have won. The demand for Sterling fell overnight, hence the drop of the GBP compared to other major currencies.
On the bright side, GBP Sterling is not the worst performing currency in the world today.
GBP Sterling is the second-worst performing currency in the world today.
Don't know where you got that from, but it's completely wrong. Not sure what time frame you're talking about but over say the last year, I mean just think about it.. Turkish Lira, Argentine Peso, South African Rand, Swedish Krona etc. And that's just off the top of my head. |
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Deleted
🗨️ 0
👍🏻
January 1970
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Brexit
Jul 31, 2019 16:29:42 GMT 1
Brexit, by Deleted on Jul 31, 2019 16:29:42 GMT 1, The entire reason the WTO exists is to promote global free trade and reduce tariffs as much as possible. And yes I'm aware how it works. You're the 'a pound is a pound' guy, right?
No, that's Harold Wilson.
The entire reason the WTO exists is to promote global free trade and reduce tariffs as much as possible. And yes I'm aware how it works. You're the 'a pound is a pound' guy, right? No, that's Harold Wilson. |
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Deleted
🗨️ 0
👍🏻
January 1970
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Brexit
Jul 31, 2019 16:37:11 GMT 1
Brexit, by Deleted on Jul 31, 2019 16:37:11 GMT 1, Whats to laugh at? You base what you say on some of the worst information out there. Kinda unfortunate really.
No, I base what I say on 'facts'. You should try it.
Whats to laugh at? You base what you say on some of the worst information out there. Kinda unfortunate really. No, I base what I say on 'facts'. You should try it. |
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k2
New Member
🗨️ 528
👍🏻 972
November 2016
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Brexit
Jul 31, 2019 16:42:49 GMT 1
Brexit, by k2 on Jul 31, 2019 16:42:49 GMT 1, You're the 'a pound is a pound' guy, right? No, that's Harold Wilson.
You're the 'a pound is a pound' guy, right? No, that's Harold Wilson. No, he's the 'pound in your pocket' guy. And for what it's worth, it was a mistake then to play down the impact of that devaluation, whether or not you agree with why he did it. |
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Deleted
🗨️ 0
👍🏻
January 1970
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Brexit
Jul 31, 2019 16:46:35 GMT 1
via mobile
Brexit, by Deleted on Jul 31, 2019 16:46:35 GMT 1, No, that's Harold Wilson. No, he's the 'pound in your pocket' guy. And for what it's worth, it was a mistake then to play down the impact of that devaluation, whether or not you agree with why he did it.
Very different times of course but the fact remains, devaluation will only effect people IF it leads to inflation and IF inflation rises faster than wage growth. These things are not guaranteed at all. With current levels of employment I don't see it happening. Otherwise it will impact you if you go on holiday somewhere with a stronger currency, but that's about it.
No, that's Harold Wilson. No, he's the 'pound in your pocket' guy. And for what it's worth, it was a mistake then to play down the impact of that devaluation, whether or not you agree with why he did it. Very different times of course but the fact remains, devaluation will only effect people IF it leads to inflation and IF inflation rises faster than wage growth. These things are not guaranteed at all. With current levels of employment I don't see it happening. Otherwise it will impact you if you go on holiday somewhere with a stronger currency, but that's about it. |
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Brexit
Jul 31, 2019 16:56:08 GMT 1
via mobile
Brexit, by Coach on Jul 31, 2019 16:56:08 GMT 1, No, he's the 'pound in your pocket' guy. And for what it's worth, it was a mistake then to play down the impact of that devaluation, whether or not you agree with why he did it. Very different times of course but the fact remains, devaluation will only effect people IF it leads to inflation and IF inflation rises faster than wage growth. These things are not guaranteed at all. With current levels of employment I don't see it happening. Otherwise it will impact you if you go on holiday somewhere with a stronger currency, but that's about it.
It also impacts on any company that imports goods.
Or any company that imports materials or components as part of what they manufacture or supply.
And this in turn effects people, due to companies struggling to compete, or even going under, or by way of increased prices to cover increased costs.
No, he's the 'pound in your pocket' guy. And for what it's worth, it was a mistake then to play down the impact of that devaluation, whether or not you agree with why he did it. Very different times of course but the fact remains, devaluation will only effect people IF it leads to inflation and IF inflation rises faster than wage growth. These things are not guaranteed at all. With current levels of employment I don't see it happening. Otherwise it will impact you if you go on holiday somewhere with a stronger currency, but that's about it. It also impacts on any company that imports goods. Or any company that imports materials or components as part of what they manufacture or supply. And this in turn effects people, due to companies struggling to compete, or even going under, or by way of increased prices to cover increased costs. |
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rebate
Junior Member
🗨️ 1,050
👍🏻 961
January 2018
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Brexit
Jul 31, 2019 17:05:16 GMT 1
Brexit, by rebate on Jul 31, 2019 17:05:16 GMT 1,
On the bright side, GBP Sterling is not the worst performing currency in the world today.
GBP Sterling is the second-worst performing currency in the world today.
Don't know where you got that from, but it's completely wrong. Not sure what time frame you're talking about but over say the last year, I mean just think about it.. Turkish Lira, Argentine Peso, South African Rand, Swedish Krona etc. And that's just off the top of my head.
On the bright side, GBP Sterling is not the worst performing currency in the world today.
GBP Sterling is the second-worst performing currency in the world today.
Don't know where you got that from, but it's completely wrong. Not sure what time frame you're talking about but over say the last year, I mean just think about it.. Turkish Lira, Argentine Peso, South African Rand, Swedish Krona etc. And that's just off the top of my head. You really dont tend to base what you say on fact. In fact you miss the most blatant of facts if not chose to ignore them totally. |
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Deleted
🗨️ 0
👍🏻
January 1970
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Brexit
Jul 31, 2019 17:09:08 GMT 1
Brexit, by Deleted on Jul 31, 2019 17:09:08 GMT 1, Very different times of course but the fact remains, devaluation will only effect people IF it leads to inflation and IF inflation rises faster than wage growth. These things are not guaranteed at all. With current levels of employment I don't see it happening. Otherwise it will impact you if you go on holiday somewhere with a stronger currency, but that's about it. It also impacts on any company that imports goods. Or any company that imports materials or components as part of what they manufacture or supply. And this in turn effects people, due to companies struggling to compete, or even going under, or by way of increased prices to cover increased costs.
Very different times of course but the fact remains, devaluation will only effect people IF it leads to inflation and IF inflation rises faster than wage growth. These things are not guaranteed at all. With current levels of employment I don't see it happening. Otherwise it will impact you if you go on holiday somewhere with a stronger currency, but that's about it. It also impacts on any company that imports goods. Or any company that imports materials or components as part of what they manufacture or supply. And this in turn effects people, due to companies struggling to compete, or even going under, or by way of increased prices to cover increased costs. Yep and is beneficial for those that export goods. |
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Deleted
🗨️ 0
👍🏻
January 1970
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Brexit
Jul 31, 2019 17:10:44 GMT 1
Brexit, by Deleted on Jul 31, 2019 17:10:44 GMT 1, Don't know where you got that from, but it's completely wrong. Not sure what time frame you're talking about but over say the last year, I mean just think about it.. Turkish Lira, Argentine Peso, South African Rand, Swedish Krona etc. And that's just off the top of my head. I got it from Ed Conway, Sky News Economics Editor.
And the time frame you're wondering about was yesterday.
Now tell me again why what I stated was "completely wrong"?
Don't know where you got that from, but it's completely wrong. Not sure what time frame you're talking about but over say the last year, I mean just think about it.. Turkish Lira, Argentine Peso, South African Rand, Swedish Krona etc. And that's just off the top of my head. I got it from Ed Conway, Sky News Economics Editor.
And the time frame you're wondering about was yesterday.
Now tell me again why what I stated was "completely wrong"?
Well as it was yesterday and you said today, it was indeed completely wrong. The pound is up today. And who even looks at a single day's performance? Completely ridiculous. |
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Deleted
🗨️ 0
👍🏻
January 1970
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Brexit
Jul 31, 2019 17:11:30 GMT 1
Brexit, by Deleted on Jul 31, 2019 17:11:30 GMT 1, It also impacts on any company that imports goods. Or any company that imports materials or components as part of what they manufacture or supply. And this in turn effects people, due to companies struggling to compete, or even going under, or by way of increased prices to cover increased costs. And those companies pass on those increased costs to the customer, supermarkets for one.
Yes, this is called inflation. And wage growth is currently outpacing inflation.
It also impacts on any company that imports goods. Or any company that imports materials or components as part of what they manufacture or supply. And this in turn effects people, due to companies struggling to compete, or even going under, or by way of increased prices to cover increased costs. And those companies pass on those increased costs to the customer, supermarkets for one. Yes, this is called inflation. And wage growth is currently outpacing inflation. |
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.dappy
Full Member
🗨️ 9,841
👍🏻 9,462
December 2010
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Brexit
Jul 31, 2019 17:14:17 GMT 1
via mobile
Brexit, by .dappy on Jul 31, 2019 17:14:17 GMT 1, ... have a look at the Sterling performance over the past 3 years then ... take a point just before the referendum ...
... I think those other countries that you mention have problems of their own ...
... have a look at the Sterling performance over the past 3 years then ... take a point just before the referendum ...
... I think those other countries that you mention have problems of their own ...
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