Brexit or how I'll make a killing in forex

[Scout]

Pain in the ass how?

The thing about the deal. ... They ended up with some semblance of free trade. ... no tariffs, no quotas, just demand determining what goods are available throughout Europe. Relatively unfettered.

They could have done that easily a few years ago when the UK said it wanted out, but everyone was butt hurt and intent on throwing road blocks in each others' way. This doesn't seem like a pain in the ass, though, for the average person. They no longer have to cede sovereignty with regard to immigration, work rules, etc. to a bunch of other countries that culturally are different. And the stuff available to the typical consumer shouldn't really differ from what is available now and the prices will remain competitive.

Did you read the article?

 

[The Big Ragu]

That article wasn't about what "a pain in the ass this will be for 95 percent of them."

It was about some logistical changes. ... and the only substantive things on that list related to taking a vacation on the continent. It's not any different than what you or I would have to do -- have a valid passport, for example -- to go on vacation in Europe.

 

[britwrit]

It's going to be a pain in the ass for British businesses, though. The talent pool they can easily draw on now is greatly diminished (as well the cheap-ish labor from Eastern Europe.) The non-tariff barriers for importing and exporting - the red tape - have also now gone up.

In turn, they're still going to have to abide by the same basic standards as the EU, with no say now in determining them.

The folks who run British industry aren't a bunch of starry-eyed Europhiles. They knew that this was how it was going to play out, getting nothing in return for something.

 

[The Big Ragu]

Pain in the ass compared to what, though? Yes, if things had stayed the way they were, with a customs union, there wouldn't be thepaperwork and customs requirements that will now be in place. But the flip side is that they are no longer subject to the gazillion arbitrary regulations coming out of Brussels that handcuffed businesses and seemed to only serve officious Euro bureaucrats who are invested in micromanaging every aspect of their citizens lives. So no, I don't see how you can call it nothing in return for something. They lose the regulations that they hated.

There won't be a customs union, but the thing about free trade is that it works when it is mutually beneficial. There will be non-tariff barriers -- already are -- because politicians trying to buy domestic support from various industries won't be able to help themselves. But that is a two-way street, not one-way. The UK is a huge export market for Europe. And the incentive is to not to take that too far, because they will be dependent on each other. In practicality, things will NOT change that much for British exporters. They will have to file customs declarations that they didn't have to, but that is not that difficult, and they will have their government permits showing that they have the right paperwork and the French will wave them on through at Calais.

 

[britwrit]

The UK isn't a huge export market for the EU. A recent study found that only 4% of its annual exports in goods and services go there. As opposed to the nearly half from Britain that goes the other way.

British companies exporting to Europe will have to file a whole bunch of paperwork showing that they're adhering to all these basic standards. It's not just a customs declaration. What's more. we'll now have part of the United Kingdom - Northern Ireland - still part of the EU free market. That means checks and controls within a single nation.

So, yeah. The cost of labor goes up, as well as the cost of exporting. British business groups - like the Confederation of British Industry - would have gone for Brexit if they thought it would benefit them. They didn't and it won't.

 

[Scout]

That article wasn't about what "a pain in the ass this will be for 95 percent of them."

It was about some logistical changes. ... and the only substantive things on that list related to taking a vacation on the continent. It's not any different than what you or I would have to do -- have a valid passport, for example -- to go on vacation in Europe.

I think the British leave their island for the continent much more than you think and have family in Europe far more commonly than we do.
Now you have to purchase travel health care, get your pets checked by a vet, your mobile might be roaming... they would go to France almost like we went to Florida. Now, not so much.

 

[The Big Ragu]

The UK isn't a huge export market for the EU. A recent study found that only 4% of its annual exports in goods and services go there. As opposed to the nearly half from Britain that goes the other way.

British companies exporting to Europe will have to file a whole bunch of paperwork showing that they're adhering to all these basic standards. It's not just a customs declaration. What's more. we'll now have part of the United Kingdom - Northern Ireland - still part of the EU free market. That means checks and controls within a single nation.

So, yeah. The cost of labor goes up, as well as the cost of exporting. British business groups - like the Confederation of British Industry - would have gone for Brexit if they thought it would benefit them. They didn't and it won't.

The UK runs a decent-sized trade deficit with the EU. It doesn't matter what percentage of the EU's exports go to the UK relative to its other trading partners. For the purposes of their relationship, all that matters. ... is their trade with each other. And the UK imports quite a bit more from Europe than it exports there.

 

[Brooklyn Bridge]

How’s that Brexit working out?
https://www.reuters.com/world/uk/br...-back-under-control-minister-says-2021-09-30/

Petrol shortages UK live: ‘No sign of improvement’ says industry chief

U.K. gas pumps run dry as truck driver shortage causes supply chain chaos

https://www.usnews.com/news/world/a...ements-for-nireland-are-too-harmful-to-retain

who would’ve thought?

 

[wicked]

The Brits reap what they sow, and they’re going to end up with a united Ireland or an independent Northern Ireland as a result.

 

[The Big Ragu]

There aren't enough bus drivers in Massachusets, so the state called out the National Guard to get kids to school. That was caused by Brexit, too. :rolleyes:

These worker shortages -- like the container ships backed up at the Port of LA without enough trucks in the U.S. to ship things either -- are not the product of simplistic political narratives that people want.

Between fiscal overspending and the debt that came with it, and the monetary authorities around the world that have been monetizing that debt for years now by creating money out of thin air and buying up trillions of dollars of debt (going bonkers with the craziness because the pandemic gave them an excuse), they have made a mess. They way overstimimulated demand with too much cheap money, which is driving prices of things through the roof and has created some very serious supply problems that are hitting all kinds of things.

That is the reap and sow story going on right now. And it's not just a UK thing.

 

[2muchcoffeeman]

Logically, he blames the Tories for another taking advantage of what he called opportunities.

Nigel Farage Admits 'Brexit Has Failed' In Astonishing Newsnight Clash

 

[Driftwood]

One to two elections that year that the Russians had a hand in to create chaos.

 

[dixiehack]

Mistakes were made.

 

[Shropshire Slasher]

It was so convenient that Trump just happened to be in Scotland the morning after the vote.

 

[Starman]

One to two elections that year that the Russians had a hand in to create chaos.

 

[wicked]

Funny how the £350m a week Nigel and Boris said Britain would saving from not funding the EU never ended up in the NHS, like Nigel and Boris said it would. Wonder who got their mitts on it. Perhaps Nigel and Boris. Or perhaps it was bull**** all along.

 

[User 11148]

[X is] not the product of simplistic political narratives that people want.

What is?