Originally Posted by
Troy
Originally Posted by
buriramboy
No it's not as the drop in the pound more than makes up for tariffs the EU could impose under WTO rules. The EU will be the main loser and they are starting to realise it.
No it doesn't! No they won't!
The facts, which the Tories have finally realised are facts, show that no trade agreement and no customs agreement in March 2019 will put the UK in the biggest pile of plop-plop this side of BDF-3299.
It appears my earlier statement about the UK and its obligation to pay a substantial brexit bill is sinking into PM May's skull. The £90bn figure was probably plucked from chickenhead Daily Fail reporter's bum-fluff to make the £50bn - £60bn more palatable.
The Tories have been backing a loser since they decided to hold off UKIP with a referendum. They are going nowhere but downhill.
I do actually believe that the reverse is true. Manufacturing makes up 10% of the UK's GDP (apparently), and in spite of the gloom over Brexit, the latest PMI (Purchasing Managers Index - the best indicator of actual manufacturing activity) has just recorded it's record growth in over 3 years. There is of course the impact of sterlings exchange rate that is helping exports, as it is with record numbers of tourists visiting the UK.
Trading under WTO criteria, given the current level of Sterling viz a viz Euro, favours the UK. Ability to source goods anywhere else in the world also favours the UK.
Personally, the UK has made plain it's commitment to fulfil the current EU budget obligations (for period 2014-2020). I also believe that the UK provides at least 5% of the EU Commission staff for whom pension rights are talked about. The UK agreeing to honour the pension entitlements for those UK citizens who are affected seems to be just.
All the financial services jobs that will be leaving London for the heady pastures of Dublin/Frankfurt/Paris etc, these people will almost certainly be EU nationals, part of the 3+ million that are in the UK. The impact on London as a financial centre, whilst potentially losing it's Euro clearing ability, won't be the tale of woe Remainers (and particularly the London based MP's) predict. Oh the irony, more Euros are traded every day in London that anywhere else in the world, and the UK isn't even a member of that currency clique.
The UK is still one of the world's largest centres of scientific research, hence the continuing investment by global companies in Cambridge University etc.
I don't consider myself a nationalist, I've spent too many years in other countries and cultures for that. Whether the UK through it's referendum has made the right choice or not only time will tell. However, I cringe at those who seek to denigrade the UK and it's people and almost willing failure on the current negotiations, purely for some form of 'I told you so' liberal smugness. It's like watching England (or Scotland/Wales/Northern Ireland) in a football match, and half the people cheering for their opponents. Yes there has to be oversight and accountability of the UK's negotiations and strategy, but as a country we shouldn't be attempting to undermine the efforts of those who are trying to do their best for the nation.