Brext Benefits - Share the joy

[P.I. Stazzer-Newt]

[Peerie Maa]

Unless Edward turns up, this is going to be a short thread.

[CWSmith]

Is there a projection of what might happen in Northern Ireland as the economy there cools?

[Gerarddm]

Tumbril and pitchfork time?

[Andrew Craig-Bennett]

Is there a projection of what might happen in Northern Ireland as the economy there cools?

Thanks to the Good Friday Agreement, Northern Ireland is in the EU Single Market, so at the moment it’s doing better than the rest of the UK.

[Andrew Craig-Bennett]

Tumbril and pitchfork time?

Not yet. Give it a couple of years.

[Peerie Maa]

Is there a projection of what might happen in Northern Ireland as the economy there cools?

The jury is out, I think.
At the moment, one party is justifying the classic Irish Joke. They cannot agree to an election to their own Devolved Government. However, if their economy does tank, there would be a real risk of the Paramilitary rumps staring the Troubles again.

[AndyG]

Unless Edward turns up, this is going to be a short thread.

Cruel. Cutting.

...But fair: there are NO Brexit benefits. Didn't Rees-Smaug already discover this one?

Andy

[AndyG]

Thing I Do Not, and Willever Not Get, is...

How can leaving a free trade market of 450 million consumers ever produce a bonus to those 60 million left in a soggy, wet, (and manufacturing-free) island?

Andy

[P.I. Stazzer-Newt]

I have heard it rumoured that there may be tax benefits for some.

If anyone wants to produce an estimate of exactly how many.....

[Too Little Time]

Thing I Do Not, and Willever Not Get, is...

How can leaving a free trade market of 450 million consumers ever produce a bonus to those 60 million left in a soggy, wet, (and manufacturing-free) island?

If you live on the island and are producing goods to sell there, you have less competition. I am sure there are others.

[AndyG]

"The UK leaving the EU has been cited as the main cause of huge losses in the food and drink export market. The FDF have released a snapshot report of January 2021 figures showing a 75.5% decrease of exports to the EU from £1.0bn to £256.4m."

Want more?

Andy

[heimfried]

If you live on the island and are producing goods to sell there, you have less competition. [...]

But you schould preferably produce goods which only need materials, parts and tools you can grow in your own backyard.

[P.I. Stazzer-Newt]

But you schould preferably produce goods which only need materials, parts and tools you can grow in your own backyard.

And which are capable of being sold to willing customers abroad.......

Much of the making bit was destroyed in the early eighties.

[Peerie Maa]

I have heard it rumoured that there may be tax benefits for some.

If anyone wants to produce an estimate of exactly how many.....

It was said early doors that Ree Smog was all for Brexit because the EU was working on a financial directive banning offshoring and tax avoidance

Is this the real reason why Farage and Rees-Mogg want a speedy Brexit?

Chevan Ilangaratne And Dami Olatuyi


Cheers! Nigel Farage and Jacob Rees-Mogg. Photo: Dan Kitwood/Getty Images. - Credit: Getty Images The EU’s forthcoming anti-tax avoidance rules could be a big boost for our public services but, as Chevan Ilangaratne and Dami Olatuyi explain, they will be binned if Farage and Rees-Mogg get their way.

https://www.theneweuropean.co.uk/bre...he-rich-31946/
Then Ree Smog moved his business base to the Irish Republic and remained within the EU. I kid you not.

[Too Little Time]

But you schould preferably produce goods which only need materials, parts and tools you can grow in your own backyard.

And which are capable of being sold to willing customers abroad.......

I guess we could agree that with the proper decisions one would not be greatly affected by events like Brexit.

[Peerie Maa]

I guess we could agree that with the proper decisions one would not be greatly affected by events like Brexit.

We are talking about politicians here.
The politician that destroyed UK manufacturing was pro EU and resisted the idea of an exit referendum.
She can be forgiven for not anticipating that her successors in her party would be moronic enough to run an exit referendum.

[Clan Gordon]

"The UK leaving the EU has been cited as the main cause of huge losses in the food and drink export market. The FDF have released a snapshot report of January 2021 figures showing a 75.5% decrease of exports to the EU from £1.0bn to £256.4m."

Want more?

Andy

According to the Food & Drink Federation’s own website, UK food and drink exports grew from £10.16bn in H1 2017, to £10.68bn in H1 2018, to £11.4bn in H1 2022 – so that industry at least seems to be holding its own.

The EU share went from £6.25bn (H1 2017) to £6.71bn (H1 2018) to £6.4bn (H1 2022) – something of a decline.

Interestingly, the non- EU share went from £3.90bn (H1 2017) to £3.96bn (H1 2018) to £5.0bn (H1 2022) – a rather substantial increase. I did not bother to look at what is going where.

https://www.fdf.org.uk/fdf/resources...ports-h1-2018/

https://www.fdf.org.uk/fdf/resources...pshot-h1-2022/

Any figures comparing early 2021 with early 2020 would have been affected by the pandemic. This is what the FDF said about Q1 2021.................

https://www.fdf.org.uk/fdf/resources...ports-q1-2021/

The ongoing impacts of the COVID-19 pandemic, and the change in trading relationship with the EU, led to a 28% fall in UK food and drink exports in Q1 2021 when compared to 2020, and a 36% fall when compared with pre-COVID Q1 2019 figures.

Exports to the EU fell by 47% compared to Q1 2020, whereas food and drink industry sales to non-EU countries were up by 0.3% in Q1 2021.
For the first time in the FDF’s reporting, exports to non-EU markets exceeded those to the EU, making up 55% of all UK food and drink exports.
Exports to the Republic of Ireland, traditionally the sector’s biggest export market, were down 71% at just £281m, compared to £961m in Q1 2020.

[Peerie Maa]

This indicates what went where for the first 1/4: https://www.fdf.org.uk/globalassets/...ot-q1-2022.pdf

This for all of 2021: https://www.fdf.org.uk/globalassets/...rts-report.pdf

[Peerie Maa]

Second thoughts?

The boss of retailer Next is urging the government to let more foreign workers into the UK to ease labour shortages.
Lord Wolfson, who was a prominent advocate of Brexit, said the UK's current immigration policy was crippling economic growth.
He said firms should pay a tax to employ foreign workers, to encourage them to recruit from the UK first.
The government said it had delivered on its promise to "take back control of our immigration system".
"Unemployment is at record lows and it's vital we continue to bring in excellent key workers the UK needs, including thousands of NHS doctors and nurses through the Health and Care Visa and the Seasonal Workers scheme which brings in the workforce our farmers and growers need," a government spokesperson said.

Free trade?

Lord Wolfson, a Conservative peer, told the BBC: "We have got people queuing up to come to this country to pick crops that are rotting in fields, to work in warehouses that otherwise wouldn't be operable, and we're not letting them in.
"And we have to take a different approach to economically productive migration."
He said that the government needed to decide whether the UK was an open free trading nation, or whether post-Brexit it wanted to be "fortress Britain", pulling up the drawbridge to foreign workers at significant cost to the economy.
"I think in respect of immigration, it's definitely not the Brexit that I wanted, or indeed, many of people who voted Brexit wanted," he said.
"And we have to remember, you know, we're all stuck in this Brexit argument, we have to remember that what post-Brexit Britain looks like, is not the preserve of those people that voted Brexit, it's for all of us to decide."
He added that the majority of people in Britain have a "very pragmatic view" of immigration.
"Yes, control it, where it's damaging to society, but let people in who can who can contribute," Lord Wolfson said.
He suggested a market-based solution to fix current labour shortages, which have affected sectors including healthcare, hospitality and logistics.

https://www.bbc.co.uk/news/business-63573988

[dutchpp]

Lord Wolfson needs to be forked a little.

[Too Little Time]

We are talking about politicians here.
The politician that destroyed UK manufacturing was pro EU and resisted the idea of an exit referendum.
She can be forgiven for not anticipating that her successors in her party would be moronic enough to run an exit referendum.

I tend to ignore politicians and pay attention, in this case, businesses.

Businesses know how to handle political decisions. I expect some chose to bury their heads in the sand as it were. We have a lot of businesses in the US that follow that path.

[Peerie Maa]

I tend to ignore politicians and pay attention, in this case, businesses.
I expect some chose to bury their heads in the sand as it were. We have a lot of businesses in the US that follow that path.

Not really in this case.
The politician in question hated our traditional manufacturing industries, steel, automotive, shipbuilding and coal. She dubbed them "Sunset Industries" and where they were nationalised ran them down or closed them.
She hoped to replace them with "Sunrise industries", by encouraging, but not investing in startups that she hoped could compete with the established Silicon Valley.
She really was not the sharpest knife in the box.
Meanwhile, the oil revenue promoted growth in our finance industries based in The City, which kept the economy humming, until Brexit caused the finance houses to move their main operations into other EU countries.

[Too Little Time]

Not really in this case.
The politician in question hated our traditional manufacturing industries, steel, automotive, shipbuilding and coal. She dubbed them "Sunset Industries" and where they were nationalised ran them down or closed them.
She hoped to replace them with "Sunrise industries", by encouraging, but not investing in startups that she hoped could compete with the established Silicon Valley.
She really was not the sharpest knife in the box.
Meanwhile, the oil revenue promoted growth in our finance industries based in The City, which kept the economy humming, until Brexit caused the finance houses to move their main operations into other EU countries.

I would suggest that the businesses that are having problems were not the sharpest knives in the box. But I don't live in England.

[Peerie Maa]

But I don't live in England.

No you do not, nor do you understand how much power a government has to support, or hamper a business.

[birlinn]

But I don't live in England.

Neither do I but we are still suffering from the effects of Brexit.
63% of the Scots voted Remain.

[P.I. Stazzer-Newt]

[Too Little Time]

No you do not, nor do you understand how much power a government has to support, or hamper a business.

That is just it. I do know. That is why I made the business/work choices I have made for the last 30 years. It took a while to understand.

[Peerie Maa]

That is just it. I do know. That is why I made the business/work choices I have made for the last 30 years. It took a while to understand.

So why are you putting the blame on the businesses?

[birlinn]

The benefits keep on coming....

https://www.bbc.co.uk/news/business-63623502

[Too Little Time]

So why are you putting the blame on the businesses?

Because many businesses think that the government will make decisions that benefit them. That is usually poor thinking.

[Peerie Maa]

Because many businesses think that the government will make decisions that benefit them. That is usually poor thinking.

Got any references to back up that supposition?

I'll not be holding my breath.

[Andrew Craig-Bennett]

The Bourse de Paris is now Europe’s biggest stock market.

Merci bien, M. Farage, M. Rees-Mogg, M. Johnson…

[P.I. Stazzer-Newt]

And yet there are those who still believe that London is the financial capital of Europe...

Meanwhile.


https://www.youtube.com/watch?v=CqVff9lXIUI

[Too Little Time]

Got any references to back up that supposition?

I'll not be holding my breath.

This thread tells me that Brexit - a government decision, did not benefit businesses.

You can look for the source of this opinion

A year after new Brexit rules took effect following the UK's departure from the EU, the powerful City of London remains Europe's top financial sector despite losing key business and bankers to rival hubs.

So some moved to the EU and others stuck their heads in the sand and stayed.

Do you not read? Even what is posted by those you share an opinion with?

I would suggest not holding your breath, but you might not agree.