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Effect of Brexit

Discussion in 'Watford' started by Davylad, Mar 26, 2016.

  1. Tobes

    Tobes Warden
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    I think you'll find that the World Trade Organisation might have an issue with it.

    Seriously why post such poorly researched nonsense as being supposed fact?
     
    #4841
  2. superhorns

    superhorns Well-Known Member

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    #4842
  3. superhorns

    superhorns Well-Known Member

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  4. colognehornet

    colognehornet Well-Known Member

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    The reason why trade deals with the EU. take time is because it has very strict environmental and health standards which other countries such as the USA. China or Canada want to circumvent. Doings deals with a Britain which desparately needs those deals will, undoubtedly, be quicker. Britain under the Tories will be all too ready to flood their country with cheap Chinese steel and American gene manipulated rubbish - you can also make the country a major fracking centre and off shore tax haven at the same time, all very quickly. All of the countries which have come into question in terms of future free trade are ones which are desparately looking for a dumping ground for their products - particularly the USA. which has a massive trade deficit.
     
    #4844
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  5. superhorns

    superhorns Well-Known Member

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    #4845
  6. superhorns

    superhorns Well-Known Member

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    The reason deals take so long is 27 (8) countries want to have an input, they often disagree amongst themselves. I'm looking forward to finding out how these trade deals turn out.
     
    #4846
  7. oldfrenchhorn

    oldfrenchhorn Well-Known Member
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    Of course there will be a customs system in place, the same as the one between an EU country and one that is not. It will not work though at places like Dover without creating chaos as Hammond acknowledged.
    Seems as though the leaked immigration paper has been torn up as well.
     
    #4847
  8. Tobes

    Tobes Warden
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    He has assurances from HMRC, cracking, how about you go and check out physical capacity of the faculties you'll need to process the goods Mr Hammond

    That's either a rather crap attempt at bluffing the EU, or it's truly ****ing clueless
     
    #4848
  9. superhorns

    superhorns Well-Known Member

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    The Institute of Economic Affairs (IEA)
    Trading under WTO rules is much easier than most lay people imagine. When my company started trading directly with suppliers in the Far East it was a steep and rapid learning curve. It was however much easier than we had imagined. We imported goods in containers through several different docks in the UK using experienced freight forwarders. The varies import duties and vat, if applicable, were paid and the container released to us or to a customs warehouse. The docs were sent prior to delivery giving ample time for smooth clearance.

    If Dover proves to be a log jam then containerised business will undoubtedly increase. Competent businesses will always find ways to trade successfully.
     
    #4849
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  10. Tobes

    Tobes Warden
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    Yeah perfect for just in time factory deliveries and perishable goods.

    Good grief
     
    #4850

  11. oldfrenchhorn

    oldfrenchhorn Well-Known Member
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    I exported items as well as imported them so do know all about the problems. But that is so outdated in today's business world of logistics and just in time deliveries. I see lorries on the autoroutes with Rolls Royce on them taking pieces in both directions. Containers and sea travel is not what it is about today for much trade. FedEx asked Davis last week how they were supposed to make next day deliveries if there was no customs union. His answer. Back to paper and searches and there was not anything else unless there is an agreement.
     
    #4851
  12. superhorns

    superhorns Well-Known Member

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    The amount of container business is increasing rapidly. The UK already does most of its business outside of the EU, the percentage is growing yearly. If there is no agreement EU based companies will suffer. France's very high unemployment rate is likely to go even higher.
    If trading under WTO rules there is no reason docs could not be forwarded to speed up customs. With regular business a certain level of trust builds up with customs and excise. Very few loads are checked. I would expect the French to be purposely difficult at first but they will only self harm.
     
    #4852
  13. oldfrenchhorn

    oldfrenchhorn Well-Known Member
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    “Our economy was in a good place, it has inevitably been overshadowed by the uncertainty of the Brexit negotiating process.

    “The quicker we can generate some clarity about the future for business and consumers the better, so that we can get back to the business of perusing what I think looked like a very positive outlook for the economy in early 2016.” Hammond.

    Early 2016 and now it is autumn 2017 and the country is no further forward. Companies that are currently buying components from the UK will find other sources who can deliver when required. By the time the government gets it's act together they will have done the deals and more exports will be lost.
     
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  14. superhorns

    superhorns Well-Known Member

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    Uk companies will be similarly looking for a more reliable non EU source.

    You really should be worrying about the misfiring French economy, it does not look as if even Macron's mild reforms will not come without a massive fight. The UK is a much better option long term which is why international investors choose the UK.
     
    #4854
  15. oldfrenchhorn

    oldfrenchhorn Well-Known Member
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    I would stop worrying about other countries and what it might mean to them and turn your attention to what it will mean for the lost UK exports. in deals we already have, not ones we might or not get in the future. There have been no meaningful talks with Ireland or France about custom arrangements. To develop, test and install a computer system, that would have to be approved and installed in those two countries as well as the UK, would take ten years we are told. Ten years would be far too late.
     
    #4855
  16. oldfrenchhorn

    oldfrenchhorn Well-Known Member
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    You really amaze me sh. Ever since Hammond's remarks were reported, you have in effect said you know better than him. As I say, amazing!
     
    #4856
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  17. superhorns

    superhorns Well-Known Member

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    You have come up with loads of barriers to Brexit in the last year or so, they have all failed to materialise. You do seem to pray for a massive problem that only a reversal of Brexit can solve. You are in for further disappointment, Brexit will happen and eventually be a success. I would worry about France if I decided to make it my home, the country is probably unable to be adequately reformed. I would not be so confident if it was France attempting to go it alone.
     
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  18. superhorns

    superhorns Well-Known Member

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    Hammond said customs could cope in the event of no deal, I agree with Philip!!
     
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  19. oldfrenchhorn

    oldfrenchhorn Well-Known Member
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    If you could tell us how to get round these problems instead of sticking your head in the sand we might take note and discuss them. Philip Hammond has admitted UK ports could be plunged into chaos if the country crashes out of the EU without a deal maintaining customs arrangements similar to those in place now. His words were; “Dover operates as a flow-through port and the volumes of trade at Dover could not be accommodated if goods had to be held for inspection." Clear enough for you. Not my words, but his.
     
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  20. superhorns

    superhorns Well-Known Member

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    Hammond is a rabid remainer so take his comments with that in mind. He is however confident customs could cope with a no deal.

    There is no reason to inspect all goods at customs. Docs could be transferred or presented beforehand. I would expect some deliberate spite from the French. Businesses worth their salt will adapt and thrive. If I was trading with Europe still I would be looking to solve any potential problems now not wait till then.
     
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