such things dont happen over night. those are long term “things”. long term like i remember the average wage of a german and a swiss were around equal in 1980 and now the difference is 100% in favour for average swiss person earning double the amount of an average german.
just like republic of ireland used to be the poorest member of the EU when it joined and now has a higher GDP/person then the UK.
economy, especially countrywise compared to other economies are things that are meassured in generations and not a month or two.
i aswell remember the GDP/person of UK beeing more then double of GDP/Person germany not even 30 years ago. now they are very close.
Recently I was asked how it is that the ROI was able to achieve such a recovery, the answer for me is simple … hard work.
The EU helped create the environment, the idea of an open economy set the tone, the notion of racism or what is termed nationalism are restraints that hold back the creation of wealth.
A commentator on national radio put a number on the amount of non Irish workers in our economy, it was just under 20%, take those away and the recovery story would likely be different.
Yet the strangest thing, so many Irish workers left in the downturn… this is the thinking behind free movement of people.
Yeah, shows the spin that politicians will put on any possible positive in a sea of negatives.
I don’t blame them, I hear the new trade minister has around 20 such agreements in his net (his spin).
Hmmm… being pragmatic I look for a time scale, so a trade agreement between Australia and it’s largest trading partner, ChAFTA, took almost…well suffice to say the negotiations started with much fanfare on May23rd 2005 and the resultant trade agreement came into force on Dec 20th 2015.
So if it takes 10 years to reach an agreement with your largest export partner …
Just reading the rest of the thread, the post Brexit links are mostly Journalistic, they were expecting a cliff fall, or so the hype was contrived.
The real fall out is now playing out, Eur/Gbp is the indicator (not cable as per the journalists)… a floor has been set and trade prices are being adjusted to reflect this reality.
The ‘emergency’ budget will come to pass, the problem is that govt borrowing, already too high, will have to go higher - let’s see what the market sets the costs for that.
Then the BOE will have to act, a lowering GDP coupled with increasing inflation (I kid you not, imagine a lowering of currency value for a net importer plus an increasing CRB).
Anyways, still to play out, all I can report is that the letters are still coming in to the effect that prices are set to increase, most guys buying and so setting the boom before the…
Yes Peter, I can concur that many businessmen I know have bern notified of price increases effective from 1st August, all roughly in the region of 8%. Some have added a caveat that they will review the situation later this year to see if further adjustments are needed.
interesting text. how come that the pro and cons are beeing discussed after the vote anyways?
he sounds very optimistic but it can be done in 2 years if effort is put in since the laws and regulations in london already are fit to brussels demmands. in fact it can be done even faster but london is (as they always were trying in the 40 years of EU membership) to negotiate deals better then other countries get and “extra sausages” as we call it in germany where UK gets favourable conditions noone else has/did get.
which is clearly visible in the statement of politicians saying “we would like a deal like norway hast just modified to fit our needs more”.
the impact on services is what truly hurts the UK as london is the financial service provider number 1 on the world and the EU was a huge number of clients and the “solid ground on which london is grassing/growing” exports on the other habd were never significant compared to the financial service sector.
a service (especially financially) is hard to sustain in the EU if youre not a member of the EU. but thats not only for EU true. London had a benefit of growing in a 550 million people market. access to the USA market is limited outside the US and londons service exports nearly non existant on this single market (USA) and other single markets on the world.
sometime in february i made a post about that topic when tje brexit started to go into the public opinions. stressing that issue. if i find it ill post a link.
Well the good news is that at last we have a date, end of March 2017 for trigger, the summer of 2019 for the exit at latest.
The word in the EU is that a ‘hard exit’ is the way to go, that means no access to the single market and restrictions on EU immigration in the UK.
One person said this evening ‘it us 27 against the UK’.
The official line from the EU came from Donald Tusk, he welcomed the clarity that the date gives us and commented that the 27 EU countries could now “engage to safeguard (their) interests”.
Quite a few businesses have been waiting for this clarity, now they can prepare how best to profit.
any news on brexit lately? over here in continental europe its old news noone is talking about anymore so im pretty much cut off from interesting news.
The UK has been very successful circa 1800 to date. The problem as was in the 70s is that we cannot get over these historical successes and focus on the country’s now and future; how to navigate the current challenges given our current hand of cards.
The disease is nostalgia and living in past glory, it is insidious, and affects all inhabitants of this island that proudly call themselves British.
