CheltenhamHacker
Journeyman Pro
If I stop eating, I save loads of money as well. May not work out quite so well in the long term. Simple equations such as that rarely, if ever, work in practice.
EU Referendum
- Thread starter Doon frae Troon
- Start date
If I stop eating, I save loads of money as well. May not work out quite so well in the long term. Simple equations such as that rarely, if ever, work in practice.
Foxholer
Blackballed
It becomes more expensive!
UK becomes less attractive for investors, so loses the trade - and the jobs taxes etc involved - that their investment brings.
Basic economics laws (of supply and demand), so the overall economy suffers!
ColchesterFC
Journeyman Pro
The real question isn't can we save billions by leaving but more did we get value for money for our nett £9 billion contribution in 2015. The Remain side will argue that the benefits we get from membership are worth more than that while Leave will say that they aren't.
SocketRocket
Ryder Cup Winner
Of course trade will not go down. It's a case of 'Supply and Demand' The EU will want to sell their goods to us and will not want us to apply import tariffs such that they will be worse off. We will want them to purchase our goods and also won't want them to apply tariffs. As we purchase more from them than they do from us it's a simple case of of common sense that the EU would be very very keen on agreeing a tariff free trade agreement. It really is basic economics.
Last edited:
SocketRocket
Ryder Cup Winner
Simple Economics:
[video=youtube;ITRRBlrQVEY]https://www.youtube.com/watch?v=ITRRBlrQVEY[/video]
[video=youtube;ITRRBlrQVEY]https://www.youtube.com/watch?v=ITRRBlrQVEY[/video]
Foxholer
Blackballed
Interesting to see you post a vid from someone who is absolutely convinced, unlike you, that the Euro/ECB will not 'collapse'!
The truth is that Economists are never (and can never be) wrong - even those that take completely attitudes! That doesn't mean that Laws of Economics are not sound!
SocketRocket
Ryder Cup Winner
Last edited:
Old Skier
Tour Winner
So your theory is that because we leave the EU we become less attractive to investors so those that sell stuff to us are going to charge us more. Strange theory.
SwingsitlikeHogan
Major Champion
I'll add then that in the context of the £350m a week cost of being in the EU - the leaflet states that that would fund 600,000 nurses. Well - divide £350million by 600,000 and you get about £30,000 - which is about the average salary of an NHS nurse.
The implication is therefore very clear. We all know the NHS is struggling and needs massive investment to be the NHS 'we all want'. We stop putting £350m a week into the EU and instead divert that £350m into the NHS - and we can fund 600,000 nurses. Which is probably more than we need but think of all other aspects of the NHS that could be funded out of the £350m after we have sorted the nursing situation.
Sorted. Use a monetary amount that is correct in some contexts; to address a real emotional need that we'd all nod our heads about; imply a conclusion that one can sort the other; and gloss over what else would suffer if that's what was done.
larmen
Head Pro
They don't charge you more. They charge you the same,and then YOUR government is charging YOU import duty on the stuff they sold you at the same price.
SocketRocket
Ryder Cup Winner
Not necessarily. Our Government has no obligation to charge import tariffs, this is often used in a reciprocal manner to countries that charge the same to your exports. World prices are generally lower that EU prices, if we trade without import duties around the world then it no longer becomes a problem. The EU could decide whether or not they wish to sell their goods to us at competitive prices.
Foxholer
Blackballed
2 separate results!
1. Trade becomes more expensive!
2. UK becomes less attractive to investors.....
SocketRocket
Ryder Cup Winner
You are correct, that is a strange theory. World prices are lower that the hiked up protectionist ones in the EU. Away from the EU we are free to trade at these lower prices and without tariffs, I think the EU would be very keen to continue selling into our market whereby we would have a whole bunch of new options. The other thing Remainers are missing is that the procedure to leave would take two years while things would remain as they are during negotiations.
SocketRocket
Ryder Cup Winner
This video tries to explain what goes on in the EU.
[video=youtube;UTMxfAkxfQ0]https://www.youtube.com/watch?v=UTMxfAkxfQ0[/video]
[video=youtube;UTMxfAkxfQ0]https://www.youtube.com/watch?v=UTMxfAkxfQ0[/video]
Foxholer
Blackballed
Trade with the EU is much more important (about 50%) to the UK than trade with the UK is for the EU (about 10%)!
D
Deleted Member 1156
Guest
Good use of statistics there! If you convert those percentages into pounds or euros then we are worth an awful lot more to the EU than they are to us.
Foxholer
Blackballed
Indeed, there is a trading deficit - UK buy's more from the EU than it sells to it. But converting it to percentage figures validly indicates the relative importance (as opposed to simply the values) to each side.
As an analogy....while neither option would likely be 'desirable', would you sooner lose 10% of your income or 50%?
D
Deleted Member 1156
Guest
I understand your point but losing 50% of my UK income may be (made up numbers) £100b but Europe losing 10% of it's income may be £500b
If they try to make it difficult for us to trade with them then ultimately they are the losers.
SocketRocket
Ryder Cup Winner
Thats correct Gordon. It's silly for anyone to suggest that the EU would not trade with us if we left, the other point is the Lion's Share of their trade with us is from a few of the bigger countries, imagine BMW , Mercedes, Citron etc deciding they would not want to sell us Millions of their cars a year. It's absolute stupidity for people to use these scare stories we are the EU’s biggest customer – larger than China and the US – and no business (let alone the EU) would want to cut off ties with such a valuable customer as Britain.
Last edited:
Foxholer
Blackballed
Er...Nice effect of the 'made up numbers'! And you comment on my 'use of statistics'!
The actual 'effect for the EU' will be the same value as the' effect for the UK' plus the 'amount of the EU-UK trade surplus/deficit'!
They may (or may not) be losers, but their loss is likely to be less of a concern (given their far greater size) than the likely loss of sales are to UK!
Nobody is suggesting that UK-EU trade will not happen! Just that it will be more expensive, so reduce! And that particular trade, while important to both sides, is more important to UK than it is to the EU!
Last edited:
Similar threads
