BREXIT BOOST: Britain will gain £24BILLION per year after EU exit - says new report BRITAIN'S Brexit boost will be at least £450 million as soon as Brussels rule is ended, a new report has revealed. By DAVID MADDOX PUBLISHED: 00:13, Tue, Dec 27, 2016 please log in to view this image please log in to view this image please log in to view this image please log in to view this image please log in to view this image 9K please log in to view this image 83 please log in to view this image GETTY Britain could receive benefits of more than £24billion once it leaves the EU The Brexit campaign group Change Britain has produced a report showing that “a conservative estimate" of the benefits of leaving the EU is £24 billion a year. The report makes a mockery of attempts by Remoaners led by Lib Dem former deputy prime minister Nick Clegg, ex-Labour leadership candidate Chuka Umunna and Tory former minister Anna Soubry for Britain to be kept in the EU by the backdoor. The Remoaner group are pushing for the UK to remain members of the single market and customs union, which means the country would still be under Brussels rule but without a seat at the decision table. RELATED ARTICLES please log in to view this image Leaving 'unsuccessful' EU will give UK 'real opportunities' please log in to view this image 'The Queen backed Brexit', BBC political editor told The Change Britain group said that leaving the EU properly including the single market and customs union - which it describes as "clean Brexit" - is likely to deliver annual savings of almost £10.4 billion from contributions to the EU budget and £1.2 billion from scrapping "burdensome" regulations, while allowing the UK to forge new trade deals worth £12.3 billion. The group said its estimate was "very conservative" and that the benefits of withdrawal from the single market and customs union could be as much as £38.6 billion a year. please log in to view this image GETTY The report dented Remainers' hope that Britain could stay in the EU Even the lowest forecast within its range of likely outcomes was a boost of £20 billion. Change Britain added that the biggest prize on offer was in potential trade agreements outside the EU which Britain could strike if it left the customs union, which requires it to take part only in deals negotiated by the European Commission. There are huge opportunities to be had from making a success of Brexit Charlie Elphicke MP Depending on how many deals the UK secures, GDP could be boosted by between £8.5 billion and £19.8 billion, said Change Britain. Biggest benefits could come from a trade deal with the Asean group of south-east Asian economies, which could increase GDP by as much as £4.3 billion a year, followed by the USA (£3.8bn), Japan (£3.2bn), South Korea (£3.2bn), Canada (£1.9bn), the Mercosur zone in South America (£1.8bn), India (£1.5bn) and China (£200 million), said the group. Leaving the single market would allow Britain to scrap 59 of the 100 most burdensome regulations on business, saving more than £4 billion, said Change Britain.
I think I can remain sceptical of anything published in the express. I see brexit waffle and precious little analysis of how these figures come about. It's a bit like asking a petrochemical company to report on man-made climate change.... oh hang on....
I appear to have seen this article before on here very recently. How often are you going to repeat the same material ?
No, I'm sure this is new information for you to absorb. There does seem to be a lot of support and good news stories on Brexit around at the moment.
"Growing worries about the economic outlook have dented the confidence of UK households and manufacturers, according to the latest reports to suggest the Brexit vote result will slow the economy. A poll by market researchers GfK recorded the biggest slide in consumer confidence for more than 26 years." "A separate survey of manufacturing companies, also published on Friday, paints a similar picture. Manufacturers’ organisation EEF said that the sector’s recovery was under threat as its poll revealed business confidence had fallen in every region of England and Wales. These trends have been confirmed with the Christmas Eve and Boxing Day sales falling away in the shopping centres that regard them as two of the most important days in the year for sales. Footfall was down by 20%, although international shoppers were buying luxury goods due to the weakness of the pound. So it would appear that the average shopper is hanging on to his/her cash now, and for the past six months it has only been the shoppers who have stopped the economy taking a dive. Doesn't sound like actual good news.
UK third quarter growth was recently revised up from 0.5% to 0.6% as Britain showed further resilience to uncertainty about Brexit. The move was driven by a hefty revision to output from the business services and finance industries, which was revised up from 0.3% to 0.8%. Fairly obvious there is a reduction in shopping centre footfall as there has been a massive increase in buying on-line. A recent report for the Institute of Directors indicated growing confidence with a 14% positive outlook compared to a negative outlook at minus 10% two months ago. The director general said "Employers are getting on with the job of growing their businesses and delivering jobs for the UK. A steady if unspectacular Autumn Statement has clearly settled nerves, and the early signs of the Industrial Strategy are certainly positive. It is not a bad thing if consumers are not maxing out their credit cards on unnecessary items. More should be done to encourage people to save more and contribute more to their pension pots.
You are living in a dream world if you think that people on zero hours contracts or living on minimum wage even have a pension pot to add to. These are the people who only just get by from week to week at present, so inflation that is increasing will hit them first of all. I don't know if you care about others or not, but create an underclass and they will eventually turn round and bite.
As you know inflation is well below the average over the last 40 years and many pensioners suffer because of the near non existent return on their savings. Incidentally Inflation is still below the 2% target considered ideal. Due to the lousy returns from annuities it is imperative for everyone to protect their old age by investing long term. At least the UK does not have such a large underclass as France where vast numbers, especially the young, have given up trying to find a job. The french unemployment figures will be worse when the unemployed cannot automatically come to the UK to find a decent job. Whatever happens in the french election next year there will be plenty of biting.
If you wish to talk about France all of the time create a thread. We are not talking about historical figures, but what is happening in the here and now. The essential things that people need for living are going up very quickly, and you say they should be saving. Time to get real.
There is a real difference between the spin that is put out in the media and the experiences of the ordinary working person. The vast majority of the working population in the UK are employees, are in debt, have little savings, rent or pay a mortgage, do not have shares etc etc. To state that in 5, 10 or 20 years we will be so much better off as a result of BREXIT will make little real difference. Coupled with rising fuel prices and a falling pound which is already seeing the cost of living increasing.
I was talking about all groups, not just the poorest. If the poor managed when interest rates and inflation were 7-8% then they should manage when inflation reaches the dizzy height of 3%. Inflation is due to fall back after an initial surge. Sterling has already recovered some of the devaluation. Again, there has been a much larger devaluation to the Euro which must be seriously hitting prices of imported goods. The Euro has bombed from 1.40/USD to 1.04/USD now, serious stuff.
A lot of talking up BREXIT seems to be going on... yet not one solid piece of information from Govt..........................
What 'ordinary working people' rely on is a government creating a business friendly environment where inward investment can be attracted and UK businesses are confident to invest. Anyone paying a mortgage has had a relatively easy time while interest rates have been rock bottom. Most UK companies do not export and will be pleased when some of the costly EU red tape is finally lifted. Fuel has unusually been cheap in the last few years due to the government not applying the annual fuel tax increase. Many are in debt due to their own poor financial aptitude and the 'must have' culture.
It really doesn't make a jot of difference what is published in the Guardian when discussing what is published in the express.
And many many hundreds of thousands just cant earn enough to pay their way in life, are fooled by the media and advertising into purchasing items not needed and taking out credit....... are kept in servitude.... The current economic policies have done little to improve the lot of the vast majority of employees..
Leave Means Leave has written to the chambers of commerce in all the other 27 EU states, asking them to call for a "sensible agreement regarding the terms of Britain's exit from the EU". The letter warns that trade barriers would have a "detrimental effect". It also calls for uninterrupted trade as well as near-zero tariffs. "It is vital that these business leaders make representations to their national Governments to ensure that the EU is open for business." Uninterrupted trade, near-zero tariffs is what we have, and the EU is still open as it makes it trade deals with countries like Canada and Australia. So what happens if the government fail to get their cake? Will leave means leave suddenly admit they got it wrong? Sounds as if this branch is not very confident that the offer will be as good as they told people it would be.
This Tory government is the best option for the whole society. I shudder to think of the consequences of the only possible alternative, Labour under comrade Corbyn. It would not take them long to wreck the economy again. Thankfully there is zero chance of that happening.
It is sensible to remind all trading parties that low or zero tariffs are preferential for all concerned. The problem lies with the UK not being able to make bi-lateral trade deals with other nations while being part of the EU. The EU is notoriously slow and cumbersome due to so many parties needing to agree all aspects. Potential trading nations describe the EU as highly difficult to negotiate with and protectionist. No wonder it takes so long to reach agreements. If there is no UK agreement with the EU then tariffs will apply, worse case scenario for all but serious for low growth Europe.
I would like to know SH. What is your definition of a 'successfull country'. You have spoken much about how successfull and dynamic Britain is, and could be. Let me give you some facts about Britain: 1. It has the most unequal distribution of wealth in Western Europe. 2. The difference in life expectancy between regions is larger than anywhere else in Europe - 12 years difference between Glasgow and Hull, at the one end, and parts of Surrey at the other. 3. It has a higher percentage of people behind bars than anyone other than Turkey (and a couple of East European countries. 4. It has 3 times more teenage pregnancies than any other European country. 5. It has more homeless people. 6. Even if you have a home, Britain has the second oldest housing stock in Europe - and they are the least insulated. 7. You brought in some rather negative pictures of Sheffield a while ago - and I said that those could have been taken in any British city - you agreed, yet you talk about France as having an underclass. I would be interested in getting a response to this without you always going back to the same themes of GDP. and production. Is the USA. a successfull country ? Their poverty is even worse. Is China a successfull country ? I would also be doubtfull about using this epithet to describe Germany. But the highest standards of living are found within the EU. (or in close relationship to it) - would you rather live in the USA. or China (with their high production) or in Denmark, Sweden or Switzerland. The highest levels of health care, education, democracy, provision for old age, safety on the streets, police accountability etc. etc. are all found somewhere within the EU. GDP. you can increase at any time - all you do is to increase weapons sales to Saudi Arabia.
