The Irish caucus need to make their minds up. Other threads, while decrying Brexit as a disaster for UK, tell us it will be brilliant for Ireland - you'd think it is going to be a new EU superpower with all the British businesses apparently queuing to move across the sea.
So, is Ireland going to suffer because of Brexit, or be the new financial superstar?

Doesn't CRD IV include capping banker and finance industry bonuses? No wonder why some want it scrapped.

And of course, we can trust Michael Give when to comes to how much can be saved (and spent on the NHS instead).

Clean Brexit sounds like the removal of troublesome "red tape" and the introduction of economic libertarian/anarcho capitalist principles into the UK. There's no way the Government would introduce their own replacements for workers rights and other protections which business leaders (who want to leave the EU) despise whilst advocating for cost savings - the only way to do that is smaller Government and Brexit gives an ample opportunity to introduce that.

Fantasy economics.... made by the deceitful.... for the gullible.

It doesn't take into account any offset of losses from no longer having free movement of goods, services & capital with our 31 closest neighbours (EU & EEA/EFTA), where just an 11% loss will cost us more than £24BN

Nor does it take into account how long it will take to ratify these new trade deals, many of which will just cover goods and some services, but not financial services, capital, banking passport, etc (because you can only get these by being a member of a trade bloc, not via an FTA deal).

Nor does it take into account how many current British companies could go bust as a result of being less competitive due to the removal of tariffs/taxes/quotas on foreign imports (from the countries/blocs we do new trade deals with), or how much tax revenue we'll lose in the short term before all these new trade deals are in place.


Yes, there's potential for eventual gains, but there's also potential for immediate losses.




and whether declining or not, the USA and EU are still the joint #1 economies in the world....
https://en.wikipedia.org/wiki/List_o...nominal)#Lists

A federation of 50 states which is one great country. Sonething the EU will never be.

Even with WTO tariffs at 3% on all goods from the EU we'll still pay less then our membership fees for the EU disaster.

Deary me. You'd think that the most of the 170 or so countries that are sensibly outside the EU don't have any workers rights. I mean how do those oppressive regimes of Australia and Canada cope with not having their employment laws set for them by the EU? What utter nonsense to say we're not capable of doing it.

Who's Michael Give?

The poster referred to the EUs share of world trade!

As for your GDP point the EU accounted for 30 per cent of world GDP in 1980 - now it only accounts for 16 per cent. So its share has effectively halved while we have been members.

Maybe instead of tying ourself to the 16 per cent that is declining we might have more of a future focusing on the 84 per cent that is growing relatively.

A trading black? I didn't realize there were any trading blocks called Europe?

You've misunderstood, the current state of Brexit is an opportunity for those with vested interests to impose their own agenda. And looking into the people I follow on social networks who identify as libertarian, they're loving the sound of a Clean Brexit. This has nothing to do with the other countries outside of the EU.

And it's due to halve again by 2025!

Yes it does. You're effectively saying that the EU is the only place that can enact workers rights and employment laws. Which is nonsense.

Working in finance, I'd like to think I do. The EU's share of world trade is in rapid decline. The only block in the world which is.

Did I say that?

The average may be 3%, but EU WTO tariffs are 10% on cars, and between 20-40% on agriculture, and then there's customs, taxes and quotas on top.....

Also bear in mind that we've had free trade with the vast bulk of these countries since 1960 (when we founded/joined the EFTA).

And the extra tariffs & taxes will be paid by retailers and consumers, on top of their current taxes (income tax, NICs, Council tax, etc, won't be coming down for these people) - so it's an extra payment...

The net EU membership fee is ~8bn (not £14.7bn, as falsely claimed in the article).
If we lose less than 8bn, then fair enough.
However, I'll believe that when I see it


Don't get me wrong though, I'm not defending the EU or anything, I'm just criticising this ridiculous new report.

Yes, I'm sure we can learn a lot about workers rights from India, Pakistan, the Middle East, Asia and Africa, even the USA.. Get real, for goodness sake. Or perhaps you are a wannabe workhouse and sweatshop manager!

Lol. I'm guessing you've never heard of those dynamic success stories, Italy, Greece and Spain?

None of those countries have decent workers rights? Not one. Of course some don't, but are you literally saying none do? Lauaghable.

Whilst there are some in business who are pro small government, there are also many strong advocates for retaining workers rights. Re-legislating for workers rights will of course increase government at least in the short term as we will need people to rewrite the laws.

You don't seem to have any answers, what's going to happen to the US' share of world trade and pours by 2030 by the same measure that the EU is going to halve?

NATO, the UN and the commonwealth don't involve the folly of political Union.

And the difference between EU and non EU migration is quite small. But I doubt you'll let people know that.

It's not in similar decline. I give you that, you at least admit the EU is in decline.

But we don't have any WTO tariffs, we'll have to hire lots of civil servants to make up WTO tariffs. That comes out of our membership fees. Then there's the extra money for the NHS, or have you just "forgotten" about that? Then there's all the customs officers to inspect those goods, excise men to collect the tariffs...