Brexit ‘delayed until end of 2019’

[Indus Pakistan]

EU sucks, forcing it's member countries to add value added tax to everything sold within the union.

From a business perspective EU is VERY BAD.

I just mentioned the VAT issue, but there are countless other regulations and silly rules, that is bad for businesses.

Actually now that the UK has left the EU even I might conduct more business with the UK, which wouldn't have happened if they stayed in the EU. For me it's the VAT issue.

A country that is not in the EU has an advantage over a country that is a member of the EU when doing business. Only exception is import/export to and from EU, but this can be solved easily with a trade deal like Turkey has with the EU which means free customs.

Fact 1. UK buys more from EU then it imports. Bottom line. EU needs Uk more than UK needs EU. Rest of European Union made £70 billion, yes £70 billion more from UK than we made from them. So who is going lose out more? You tell me? By £70 billion.

"The value of trade to the UK and the rest of the EU—we exported about £220 billion worth of goods and services to the rest of the EU in 2015, according to UK data, while the rest of the EU exported somewhere around £290 billion to us. These figures differ if you use EU data. What this means is that the rest of the EU sells more to us than we sell to it"

FACT 2. So if UK is losing more than gaining from EU (deficit) where are we making the profit? Simple. The World. That is the strength of the UK economny. It is deeply embedded in the centre of the world probably a legacy of Empire. In short UK makes the profit from the trading with the world and EU milches us. And then some fools make it look like EU is doing us a favour. Fact is UK is providing massivbe "dole payments" to keep rest of Europe going along.

And the growth today is in the world market. The real action is in Far East and emerging economies. Refer to the economic gravity map and you can see the shift. It was for this reason that UK jumped at the chance of joining the Chinese Asian Infrastructure Investment Bank (AIIB) despite US reservation.

Link > http://www.ft.com/cms/s/0/d33fed8a-d3a1-11e4-a9d3-00144feab7de.html#axzz4HKsfhQkV

And Brexit has to be done slowly because you can't afford to create volatility. A slow gradual release allows time foe a evolved change and for markets, regulations and agreements to shape up without causing any harm. Therefore the slow process of leaving is prudent thing to do.

 

[Hamza913]

I wanted in myself, although my family and friends voted leave.

 

[Providence]

Honestly, too much of pros have been drummed up leading up to the referendum. I doubt even after 10 years down the line we can realise the promised benefits.

 

[Henry ME 95]

i'm starting to wonder now if British politicians are now trying to backtrack on the whole "brexit" deal.
if i didn't know any better i would say they were perhaps trying to stall for time. that said if they actually exit they could prosper anew.
EU regulations are a very large burden on the EU memberstates

 

[waz]

i'm starting to wonder now if British politicians are now trying to backtrack on the whole "brexit" deal.
if i didn't know any better i would say they were perhaps trying to stall for time. that said if they actually exit they could prosper anew.
EU regulations are a very large burden on the EU memberstates

The latest news in is that government looks set to reject the single market, and senior politicians are now calling for a more swift withdrawal.

 

[UKBengali]

Fact 1. UK buys more from EU then it imports. Bottom line. EU needs Uk more than UK needs EU. Rest of European Union made £70 billion, yes £70 billion more from UK than we made from them. So who is going lose out more? You tell me? By £70 billion.

"The value of trade to the UK and the rest of the EU—we exported about £220 billion worth of goods and services to the rest of the EU in 2015, according to UK data, while the rest of the EU exported somewhere around £290 billion to us. These figures differ if you use EU data. What this means is that the rest of the EU sells more to us than we sell to it"

FACT 2. So if UK is losing more than gaining from EU (deficit) where are we making the profit? Simple. The World. That is the strength of the UK economny. It is deeply embedded in the centre of the world probably a legacy of Empire. In short UK makes the profit from the trading with the world and EU milches us. And then some fools make it look like EU is doing us a favour. Fact is UK is providing massivbe "dole payments" to keep rest of Europe going along.

And the growth today is in the world market. The real action is in Far East and emerging economies. Refer to the economic gravity map and you can see the shift. It was for this reason that UK jumped at the chance of joining the Chinese Asian Infrastructure Investment Bank (AIIB) despite US reservation.

Link > http://www.ft.com/cms/s/0/d33fed8a-d3a1-11e4-a9d3-00144feab7de.html#axzz4HKsfhQkV

And Brexit has to be done slowly because you can't afford to create volatility. A slow gradual release allows time foe a evolved change and for markets, regulations and agreements to shape up without causing any harm. Therefore the slow process of leaving is prudent thing to do.

It is not exactly as simple as you make it out that the UK is doing the EU a favour by buying more than selling.
There are some goods and services that the UK buys from EU that it could not find a competitive product from elsewhere in the world. So it would have to buy something inferior and/more expensive to replace the EU.Both the UK and EU are benefiting by this mutual trade.

Where the UK is now not benefiting is the massive numbers of immigrants from poor EU countries and also the massive 13 bn Euro a year fiscal transfer to the rest of EU. In a way the UK is just too successful to remain part of the EU.

The UK has always been a more pragmatic than ideological country. It has seen the end of Western economic and political dominance and is positioning itself to thrive in this new world. The rest of EU seems woefully unprepared for the new world that is rapidly emerging.

 

[Indus Pakistan]

It is not exactly as simple as you make it out that the UK is doing the EU a favour by buying more than selling.

It is very simple. Buy more sell less. Simple accounts. Who has more to lose? Have a look at the figures?

There are some goods and services that the UK buys from EU that it could not find a competitive product from elsewhere in the world

True but that also applies to the EU as it would also struggle to find competitive products from elsewhere unless you think they are doing a favour to UK (to the tune of £220 billion by buying from UK) but that does not apply to the vastly larger figure £290 billion that they sell here. To be blunt it cuts (both) like this.

EU favour to UK > £220
UK favour to EU > £290 billion

That is the bottom line. UK is economy is running at loss with EU. If UK did not have rest of the world to trade it would be introuble. Fortunately for UK it makes sufficient profit from the world to cover the deficit with EU. I won't bother looking at the EU subsidies which you know UK gives more than it recieves. In addition don't think bringing in cheap labour is good in the long run. All it does is encourages Third World type of economy. It keeps sectors alive that should be killed so economy can move up the value chain.

Leaving this stupid racist EU is best thing that could happen. It places UK bang in centre of the world rather then parochial mindeset that is increasing being seen in Europe. If they want to create a incestous little economic fortress isolated from the world , so be it. But with China emerging UK needs to be out there.

Trust me rest will come crawling back to UK as the Chinese economy starts making inroads into Middle Easat and Africa. Marcus and his Ti-talians are in for rude shock when some decades down the road a Chinese carrier fleet anchors in Tunis. Then it will be back to USA and UK to save Europe as often as happened in history.

And I am for very slow exit. You do not want shock the economy and slow gives time to new framework to emerge. Four decades of being inside EU has aggregated significant deadweight of incumbency and therefore it is best done slow and easy.

 

[waz]

@Kaptaan the biggest thing for me and many other Brits is that we further strengthen our ties with NZ, AUS and CAN. It was atrocious the way we just simply left the Kiwis (signing of EEC), whose largest export market was the UK. I'm old enough to remember their lovely meat, lamb especially, and a whole host of food products. Not only were they great quality but also cheap in price. Along came the bloody EU, and they slapped an external tariff on our Kiwi cousins, hurting their exports and depriving us of great quality food items. The same thing happened with Australia and they to were forced to look elsewhere, in their case Asia.
Rumours have it that the EU and Canada free trade deal has fallen through. I know Justin Trudeau is eager to cement ties with the UK, and currently our respective delegations are in early talks for a UK/Canada free trade agreement.
I'm also part of a political campaign that seeks to have a union between our respective states i.e. freedom to work, live, invest etc. It's a natural union, we are virtually the same people, our methods are similar, our outlook on life, our political interests converge and so on.


As for any Kiwi reading this message;
HMNZS Canterbury
HMNZS Waikato
We will never forget........

 

[Proudpakistaniguy]

I'm old enough to remember their lovely meat, lamb especially, and a whole host of food products. Not only were they great quality but also cheap in price.

Was it Halal?

 

[Indus Pakistan]

Was it Halal

There was no law preventing you from "Halaling". Grab a knife, and you know the rest of the drill. Fresh an' Halal.

biggest thing

Well, there was the Commonwealth. It offers huge market. Don't forget it was the market during Empire. The Euro market relative to the world is shrinking so it is the past. The future is the world.

And Waz how old are you. I thought I was the dinosaur here?

 

[Proudpakistaniguy]

There was no law preventing you from "Halaling". Grab a knife, and you know the rest of the drill. Fresh an' Halal.

HaHa lol did not know that we used to import alive goats from New Zealand

 

[Indus Pakistan]

alive goats

Where I live you just drive out into the hills there is sheep aplenty. Grab em and after halaling nobody can tell if they are from Zealand or lalaland. With luck the farmer won't miss one gone stray.

HaHa lol did not know that we used to import alive goats from New Zealand

No idea about that but we certainly exported lots of "very alive people" to NZ.

And here is my projection of Chinese economic expansion followed by military expansion. Expect in 30 years North Africa to be recieving Chinese attention. Lately I have noticed a surge in Eritreans and Djibotians in UK. I reckon that is by design. Call me conspiracy theorist but I think the powers that be are pulling these guys into UK to build up influence in Straits of Bal el Mandeb. It is going to become one of the worlds most crucial points of access. This I reckon is prempting the Chinese.

 

[Proudpakistaniguy]

Brexit sparks rush for New Zealand as emigration inquiries hit record high
Monday 22 August 2016 05.10 BST
NZ government’s website records huge spike in queries from British nationals in the wake of referendum vote
https://www.theguardian.com/world/2...as-emigration-inquiries-hit-record-high#img-1


The New Zealand media have warned of a “British Invasion” after government data revealed huge spikes in the number of queries from Britons in the wake of the Brexit vote.

Typically the Immigration New Zealand website receives 3,000 registrations a month from British nationals interested in moving to, working or investing in New Zealand.

But on the day of the Brexit referendum the website received 998 registrations from Britons, compared with 109 at the same time the year before. Anyone who registers will get regular updates and more detailed information on moving to New Zealand.

In the 49 days following the Brexit vote more than 10,000 British nationals registered their interest – compared with 4,599 during the same period the year before.

On Monday the New Zealand Herald ran a story on the increase on its front page, with an illustration declaring a “British invasion”.

Prof John Morgan, a British expat and academic at the University of Auckland, said the current wave of interest in New Zealand reminded him of the “political refugees” from the 1980s who fled the Thatcher government.

“New Zealand is really appealing for Brits because it’s a similar size and culture,” said Morgan.

“There is this pervading idea that New Zealand is some sort of relic of 1950s Britain, a place to escape, a place to go back in time. That is not true, but it is generally true that New Zealand does avoid the worst trappings of modern, consumerist culture. There is a rush hour – but it is just an hour.”

Neal Curtis, a media studies lecturer at the University of Auckland and another expat, said he emigrated to New Zealand to escape the Tories, but the country of British imaginations was a long way from the reality.

“New Zealand still has a legacy as a colonial outpost, as a liberal, socially progressive oasis on the other side of the world,” said Curtis.

“It can be quite a shock when you arrive to discover it is really just a more spacious version of what you left behind.”

According to Immigration New Zealand, in the year to June, 4,934 Britons were granted residency, 22,633 Britons were granted work visas and 1,176 Britons were granted student visas.

https://www.theguardian.com/world/2016/aug/22/brexit-sparks-rush-for-new-zealand-as-emigration-inquiries-hit-record-high

 

[UKBengali]

@Kaptaan the biggest thing for me and many other Brits is that we further strengthen our ties with NZ, AUS and CAN. It was atrocious the way we just simply left the Kiwis (signing of EEC), whose largest export market was the UK. I'm old enough to remember their lovely meat, lamb especially, and a whole host of food products. Not only were they great quality but also cheap in price. Along came the bloody EU, and they slapped an external tariff on our Kiwi cousins, hurting their exports and depriving us of great quality food items. The same thing happened with Australia and they to were forced to look elsewhere, in their case Asia.
Rumours have it that the EU and Canada free trade deal has fallen through. I know Justin Trudeau is eager to cement ties with the UK, and currently our respective delegations are in early talks for a UK/Canada free trade agreement.
I'm also part of a political campaign that seeks to have a union between our respective states i.e. freedom to work, live, invest etc. It's a natural union, we are virtually the same people, our methods are similar, our outlook on life, our political interests converge and so on.


As for any Kiwi reading this message;
HMNZS Canterbury
HMNZS Waikato
We will never forget........

True UK needs to re-establish trading relations with these countries.We must take into account though that these 3 combined are only the size of France.

There must be a vigorous effort made to form strong economic ties with other parts of the world like Asia
and South America.

 

[waz]

True UK needs to re-establish trading relations with these countries.We must take into account though that these 3 combined are only the size of France.

There must be a vigorous effort made to form strong economic ties with other parts of the world like Asia
and South America.

But regularly feature in the top five countries to live in the world, and Canada and Australia combined have a larger economy than France. The French economy also has problems such as a very high youth unemployment rate, debt owed by banks etc. The commonwealth states have no such issues. It's not only just about money but history and cultural ties.
You're right about Asia and S. America, I'd also add Africa.

Was it Halal?

Yes it was, and they are one of the biggest exporters to the Middle East.

There was no law preventing you from "Halaling". Grab a knife, and you know the rest of the drill. Fresh an' Halal.


Well, there was the Commonwealth. It offers huge market. Don't forget it was the market during Empire. The Euro market relative to the world is shrinking so it is the past. The future is the world.

And Waz how old are you. I thought I was the dinosaur here?

Spot on! The Commonwealth grew faster than than the EU, it has a larger market to sell to and the opportunities for our firms are endless.
I'm 39 bro.