Post-Brexit Thread

[heero_yuy]

Originally Posted by nomadking

My point is why would the EU want a trade war with us in the first place? If they did, we can respond in kind. What big difference is there between the EU single market and tariff and restriction free trading?

Exactly. Far too much credence is being given to access to the "single market", mostly by sour grapes remainers. I'm sure we can come to an equable arrangement with the EU that involves minimum tariffs, if any.

Remember that although the EU trade is around 45% of our exports, it is less than 7% of our economy, even if that fell substantially it would not be disasterous as we'll be making up with increased trade elsewhere. Just look at the non-EU countries queueing up to do bi-lateral trade deals with us.

[techguyone]

I hope serious thought is being given to our services especially financial, as it is one of our core strengths and that can't be stated enough, try as we might, we cannot match prices on manufacturing with other countries simply because as the 5th largest economy we also have an expensive cost of living, we can't match the likes of China or India and it would be futile to try.

We need to secure our future in the financial sector. I am concerned that France or Germany will snaffle up that and lock us out. Something to think about.

[nomadking]

Originally Posted by techguyone

I hope serious thought is being given to our services especially financial, as it is one of our core strengths and that can't be stated enough, try as we might, we cannot match prices on manufacturing with other countries simply because as the 5th largest economy we also have an expensive cost of living, we can't match the likes of China or India and it would be futile to try.

We need to secure our future in the financial sector. I am concerned that France or Germany will snaffle up that and lock us out. Something to think about.

If France or Germany could easily do it, they would have done so long ago. A lot of the service sector will be internal to each country and relatively local to the area. Little point in opening a Starbucks or a cleaning company etc.in a German town to serve customers in England.

[techguyone]

Perhaps, the 'passporting' issue is worrying though.

When I say Finance I am referring to our multi billion financial sector/banking/stock markets industry.

[nomadking]

Originally Posted by techguyone

Perhaps, the 'passporting' issue is worrying though.

When I say Finance I am referring to our multi billion financial sector/banking/stock markets industry.

You said "especially financial", meaning other services as well as the financial sector.

Originally Posted by nomadking

You said "especially financial", meaning other services as well as the financial sector.

http://londonfirst.co.uk/wp-content/...-June-2016.pdf

The financial and insurance services sector contributes about £120 billion in GVA (9% of the UK total) and employs over one million people (4% of total employment). This sector is particularly important in London, employing 358,000 people (32% of employment in the sector).

It is a major trading sector, accounting for almost a quarter of total UK exports. UK financial services trade is around 3% of GDP, twice the average EU level and three times the average OECD level.

Page 10

We have a skilled manufacturing base and we can expand that but it will require the means in place to train the people to occupy the skills gaps where they appear and it shouldn't just be government funding it. There is plenty of life out there for us to establish and build trade with we have got used to being in the EU and in some ways over reliant on a market that hasn't always been in our best interests. More and more countries are approaching us for trade and that will continue.

That link to the independent means absolutely nothing hell on the day the result was announced the campaign against the vote started and despite all these claims of hordes of leave voters regretting their choice I haven't seen it the area around me or anywhere on the net. I'm not convinced plus while it's likely there are some leavers who would vote differently the same applies to some who voted remain so means nothing.

Originally Posted by TheDaddy

How do you know what leavers want, what you mean is you know what you want and don't try and tell us the deal on offer is what remainers want because I'm one of them and I said over and over this was the worst option available

http://www.cableforum.co.uk/board/35801633-post144.html

http://www.cableforum.co.uk/board/35...-post1444.html

Most remainers in this thread have had blinkers on ,they simply cannot see past the single market .According to them if we leave the single market we will have complete financial meltdown when according to a lot of financial experts (some i linked to earlier in the thread) the single market has been nothing but a hindrance to our trade .We need to dump the single market all together.

---------- Post added at 15:47 ---------- Previous post was at 15:41 ----------

Originally Posted by techguyone

I hope serious thought is being given to our services especially financial, as it is one of our core strengths and that can't be stated enough, try as we might, we cannot match prices on manufacturing with other countries simply because as the 5th largest economy we also have an expensive cost of living, we can't match the likes of China or India and it would be futile to try.

We need to secure our future in the financial sector. I am concerned that France or Germany will snaffle up that and lock us out. Something to think about.

Stop worrying about the financial sector it won't be going anywhere and even if a few do disappear so what ,we rely on it too much anyway .Outside of the single market we will need to be a lot more reliant on manufacturing

Manufacturing is 10% of our GDP, and is already 44% of our exports, and we would need to import the raw materials to manufacture more...

https://www.eef.org.uk/campaigning/c...ts-and-figures

[Osem]

The financial sector won't want to be getting any more entwined with EU rules, regulations and bureaucracy that it absolutely has to. It's no accident that Paris and Frankfurt can't compete with London.

I really can't see many fat cat bankers wanting to relocate to Paris in a hurry...

Originally Posted by Hugh

Manufacturing is 10% of our GDP, and is already 44% of our exports, and we would need to import the raw materials to manufacture more...

https://www.eef.org.uk/campaigning/c...ts-and-figures

Not a problem

Originally Posted by martyh

Not a problem

Oh, OK then...

[TheDaddy]

Originally Posted by RizzyKing

That link to the independent means absolutely nothing hell on the day the result was announced the campaign against the vote started and despite all these claims of hordes of leave voters regretting their choice I haven't seen it the area around me or anywhere on the net. I'm not convinced plus while it's likely there are some leavers who would vote differently the same applies to some who voted remain so means nothing.

You are funny, a million plus people regretting their vote means nothing and if you listened to the radio pre and post vote you'd know exactly how ignorant a lot of people were on the day, in your area or not.

---------- Post added at 20:38 ---------- Previous post was at 20:35 ----------

Originally Posted by techguyone

I hope serious thought is being given to our services especially financial, as it is one of our core strengths and that can't be stated enough, try as we might, we cannot match prices on manufacturing with other countries simply because as the 5th largest economy we also have an expensive cost of living, we can't match the likes of China or India and it would be futile to try.

We need to secure our future in the financial sector. I am concerned that France or Germany will snaffle up that and lock us out. Something to think about.

We won't even notice it going, when departments close over here their replacements will open in Europe and that'll be where new departments open to and that's not even going into trading in euros or bank hqs having to be situated in an eu city. Still no one likes bankers anyway....

[Stuart]

Originally Posted by nomadking

If France or Germany could easily do it, they would have done so long ago. A lot of the service sector will be internal to each country and relatively local to the area. Little point in opening a Starbucks or a cleaning company etc.in a German town to serve customers in England.

The problem is the banking sector. This is largely electronic, therefore the companies can locate their offices in any country with little or no impact on trading. HSBC has their world headquarters in London, but they could just as easily operate from Frankfurt, Paris or any other city. In fact, if the government introduces restrictions on free travel with europe and they can't find enough qualified staff here, they may be tempted to move their headquarters, with the loss of tens of thousands of jobs.

Your quoting a media piece as proof tell me when the media suddenly became trustworthy and you say I'm funny that figure of 1.2 million is absolutely meaningless as there is zero proof to back it up. I'm sure there are those who voted leave but if they had the chance would vote remain but that also applies to people who voted remain who'd now vote leave and that's meaningless as well because we had the vote and the result is done. Shouting about some people voting leave being ignorant is also stupid how about all the people who voted remain based on this year's trip to Ibiza or mobile roaming charges, there are lazy and idiotic people in every vote this country holds but why all of a sudden it's become a reason for a second vote is ridiculous.

Everyone was so sure remain would win the vote hell I was one of them I just hoped it would be close enough to keep the issue alive but I watched as the results filed in and was gobsmacked when leave won. The response since the vote has been pathetic and the insults and insinuations thrown at leave voters is equally pathetic it's done and dusted now it's time to get behind it or go find a corner somewhere to sulk and shut up.