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How do you think Brexit is going?
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Difficult to separate some issues from covid of course. My thoughts:
Negatives:
- The border process seems like an absolute nightmare. We were already known for our insane bureaucracy in Europe even before Brexit, and now we seem to have turned it up to 1 million. Like, would getting rid of VAT be an option? Put it into income tax instead? And currently due to covid, cross-border traffic is lower than usual I believe - what will it be like when things are back to normal?
- The above is supposedly leading to lots of wasted stock, either because it can't be sold or because if someone in the EU tries to return an item its so costly some companies are asking for the item to be disposed of instead.
Positives:
- Border issues not completely catastrophic, I guess? Like we were worried about food supplies etc, which seems to be fine? (although it was mainly in a no deal scenario that this was the concern)
- Covid vaccine. The EU seems to be really dropping the ball on this. Not even approved the Oxford vaccine yet, facing big delays and tiny vaccine volumes being delivered. In comparison, the UK is absolutely knocking it out the park. Mainly thanks to our biotech industry and Oxford University of course, but also due to rapid (albeit chaotic) action by the government.
Is this an example of the increased adaptability that will let our economy thrive in loads of future international deals? Or is it a one off **** up by the EU?
What do you think???
Negatives:
- The border process seems like an absolute nightmare. We were already known for our insane bureaucracy in Europe even before Brexit, and now we seem to have turned it up to 1 million. Like, would getting rid of VAT be an option? Put it into income tax instead? And currently due to covid, cross-border traffic is lower than usual I believe - what will it be like when things are back to normal?
- The above is supposedly leading to lots of wasted stock, either because it can't be sold or because if someone in the EU tries to return an item its so costly some companies are asking for the item to be disposed of instead.
Positives:
- Border issues not completely catastrophic, I guess? Like we were worried about food supplies etc, which seems to be fine? (although it was mainly in a no deal scenario that this was the concern)
- Covid vaccine. The EU seems to be really dropping the ball on this. Not even approved the Oxford vaccine yet, facing big delays and tiny vaccine volumes being delivered. In comparison, the UK is absolutely knocking it out the park. Mainly thanks to our biotech industry and Oxford University of course, but also due to rapid (albeit chaotic) action by the government.
Is this an example of the increased adaptability that will let our economy thrive in loads of future international deals? Or is it a one off **** up by the EU?
What do you think???
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#3
(Original post by nexttime)
Difficult to separate some issues from covid of course. My thoughts:
Negatives:
- The border process seems like an absolute nightmare. We were already known for our insane bureaucracy in Europe even before Brexit, and now we seem to have turned it up to 1 million. Like, would getting rid of VAT be an option? Put it into income tax instead? And currently due to covid, cross-border traffic is lower than usual I believe - what will it be like when things are back to normal?
- The above is supposedly leading to lots of wasted stock, either because it can't be sold or because if someone in the EU tries to return an item its so costly some companies are asking for the item to be disposed of instead.
Positives:
- Border issues not completely catastrophic, I guess? Like we were worried about food supplies etc, which seems to be fine? (although it was mainly in a no deal scenario that this was the concern)
- Covid vaccine. The EU seems to be really dropping the ball on this. Not even approved the Oxford vaccine yet, facing big delays and tiny vaccine volumes being delivered. In comparison, the UK is absolutely knocking it out the park. Mainly thanks to our biotech industry and Oxford University of course, but also due to rapid (albeit chaotic) action by the government.
Is this an example of the increased adaptability that will let our economy thrive in loads of future international deals? Or is it a one off **** up by the EU?
What do you think???
Difficult to separate some issues from covid of course. My thoughts:
Negatives:
- The border process seems like an absolute nightmare. We were already known for our insane bureaucracy in Europe even before Brexit, and now we seem to have turned it up to 1 million. Like, would getting rid of VAT be an option? Put it into income tax instead? And currently due to covid, cross-border traffic is lower than usual I believe - what will it be like when things are back to normal?
- The above is supposedly leading to lots of wasted stock, either because it can't be sold or because if someone in the EU tries to return an item its so costly some companies are asking for the item to be disposed of instead.
Positives:
- Border issues not completely catastrophic, I guess? Like we were worried about food supplies etc, which seems to be fine? (although it was mainly in a no deal scenario that this was the concern)
- Covid vaccine. The EU seems to be really dropping the ball on this. Not even approved the Oxford vaccine yet, facing big delays and tiny vaccine volumes being delivered. In comparison, the UK is absolutely knocking it out the park. Mainly thanks to our biotech industry and Oxford University of course, but also due to rapid (albeit chaotic) action by the government.
Is this an example of the increased adaptability that will let our economy thrive in loads of future international deals? Or is it a one off **** up by the EU?
What do you think???
As for covid. Health is not under the remit of the EU. It is down to individual states. So to blame the lack of vaccine roll out on the EU is misguided. But that said, there is more to it that taking a simple view. I note for example, that French citizens are very wary of vaccines for reasons I don't fully understand.
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#4
The European economies are destined to fall while India, China, Japan and Indonesia GDP will overtake the UK. I imagine Brexit has a fairly trivial effect in the long-run.
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#5
As well as can be expected with this lot in power but better than anything currently on offer for the time being
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(Original post by ByEeek)
Can we really call the fact that it wasn't a complete and utter disaster a positive?
Can we really call the fact that it wasn't a complete and utter disaster a positive?
As for covid. Health is not under the remit of the EU. It is down to individual states. So to blame the lack of vaccine roll out on the EU is misguided. But that said, there is more to it that taking a simple view. I note for example, that French citizens are very wary of vaccines for reasons I don't fully understand.
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#7
Laughable. Companies literally losing hundreds of thousands of pounds on red tape, billions of trading stocks gone from London and thousands of jobs, fishermen all out of pocket, EU companies refusing to ship to the UK, and all Brexiteers can say is "We knew there would be issues" or "We've all got to work together to get it done." Absolutely laughable.
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#8
(Original post by nexttime)
Probably not! But like I say, a lot o people were worried about complete gridlock and it didn't happen. But like I also say, they were mainly worried about a no deal scenario.
Probably not! But like I say, a lot o people were worried about complete gridlock and it didn't happen. But like I also say, they were mainly worried about a no deal scenario.
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#9
(Original post by imlikeahermit)
Laughable. Companies literally losing hundreds of thousands of pounds on red tape, billions of trading stocks gone from London and thousands of jobs, fishermen all out of pocket, EU companies refusing to ship to the UK, and all Brexiteers can say is "We knew there would be issues" or "We've all got to work together to get it done." Absolutely laughable.
Laughable. Companies literally losing hundreds of thousands of pounds on red tape, billions of trading stocks gone from London and thousands of jobs, fishermen all out of pocket, EU companies refusing to ship to the UK, and all Brexiteers can say is "We knew there would be issues" or "We've all got to work together to get it done." Absolutely laughable.
And all of which are nothing compared to the economic impact of lockdowns
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#10
(Original post by Starship Trooper)
All of which has had no noticeable impact to the majority of people. The absolute horror of GDP decreasing by 2%. Talk about first world problems 😂
And all of which are nothing compared to the economic impact of lockdowns
All of which has had no noticeable impact to the majority of people. The absolute horror of GDP decreasing by 2%. Talk about first world problems 😂
And all of which are nothing compared to the economic impact of lockdowns
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#11
(Original post by DiddyDec)
So what are the noticeable benefits?
So what are the noticeable benefits?
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#12
(Original post by Starship Trooper)
All of which has had no noticeable impact to the majority of people. The absolute horror of GDP decreasing by 2%. Talk about first world problems 😂
And all of which are nothing compared to the economic impact of lockdowns
All of which has had no noticeable impact to the majority of people. The absolute horror of GDP decreasing by 2%. Talk about first world problems 😂
And all of which are nothing compared to the economic impact of lockdowns
How about you go reel out your “talk about first world problems” to the fishermen who’ve lost thousands of pounds for no other reason than a vanity project. Excuse the reel pun.
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#13
(Original post by ByEeek)
We kind of have a no deal at the moment. The deal Boris did only covers around 20% of what we do with the EU and the sh1t hasn't hit the fan yet because many haulage companies simply decided not to bother in January. The fun is yet to happen.
We kind of have a no deal at the moment. The deal Boris did only covers around 20% of what we do with the EU and the sh1t hasn't hit the fan yet because many haulage companies simply decided not to bother in January. The fun is yet to happen.
Secondly, what do you mean by that 20% statistic?
* Putting Fact-checking hat on *
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#14
(Original post by imlikeahermit)
What’s utterly laughable is that you think this month worth of impact is it. This isn’t getting any better, and if it hasn’t in your opinion had a noticeable impact on the majority of people, it will do shortly when the ports start filling up. Small businesses make up a staggering amount of our economy, 5.32 million of them existed in the U.K. in 2019. It is those that are hit hardest by this all.
How about you go reel out your “talk about first world problems” to the fishermen who’ve lost thousands of pounds for no other reason than a vanity project. Excuse the reel pun.
What’s utterly laughable is that you think this month worth of impact is it. This isn’t getting any better, and if it hasn’t in your opinion had a noticeable impact on the majority of people, it will do shortly when the ports start filling up. Small businesses make up a staggering amount of our economy, 5.32 million of them existed in the U.K. in 2019. It is those that are hit hardest by this all.
How about you go reel out your “talk about first world problems” to the fishermen who’ve lost thousands of pounds for no other reason than a vanity project. Excuse the reel pun.
But have you factored in that most countries have had a significant recession-like dip in their GDP - irrespective of brexit. See these stats: https://cdn.statcdn.com/Infographic/...mal/16934.jpeg
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#15
The covid crisis is filling up most of the room with smoke regarding the economic distribution caused by Brexit. Appart from the issues going on at Customs, it's too difficult to assertin the full extent of culpability that Brexit shares in the current economic meltdown...
Like you say, all of the Europe's economy is under severe stress right now with the rapidly developing Asian economy bound to overtake. But obviously GDP growth figures alone gives very little on the health of an economy. It's not like our GDP figures are expected to shrink but certainly the consequences of brexit will show down the growth rate in the medium term (5-15 years). Looking beyond that is largely unpredictable. What the UK does need to control is it's inflation rate and being very careful with mass borrowing... As it stands, the Euro is a vastly unpredictable and unstable currency when compared to Pound Sterling. If the Chancellor slips up and messes up GBP's stability then that could prove to be very disruptive in regards to foreign investments and sellable UK assets... But only time will tell.
The more pressing issue is the UK's position on the world stage.... We are still in the G7 but I'm not convinced we will be in there for long unless we rapidly start to broaden and strengthen are diplomatic alliances. I don't know enough about the subject on how to achieve this but as the brexiteers say, we are now a truly sovirign nation so whatever course of action we choose to take is in our hands with all the potential rewards and consequences.
Do I think Brexit is an entirely bad thing? No - there were issues with the block and how it operated and we were putting in more than we were getting out on a monetary perspective.
Do I think Brexit was necessarily a good decision? - No. It's proving to be putting huge strain on trade (as was expected) and we are paying the significant economic price at the most challenging of times.
However, I have no doubt the country will adapt and find solutions to these problems. In time we will form other trade agreements with other nations and new partnerships will arise. The economy will not be the same as it once was but it will still be strong and expand.
Ultimately, it's too early to tell how things are going right now. It's not perfect by any stretch, but I do think that it could of been ALOT worse (had we had a worse / no deal scenario) and personally I count that as a position thing.
Positivity and courage in the face of adversity is never a bad thing.
(Original post by Pythian)
I imagine Brexit has a fairly trivial effect in the long-run.
I imagine Brexit has a fairly trivial effect in the long-run.
The more pressing issue is the UK's position on the world stage.... We are still in the G7 but I'm not convinced we will be in there for long unless we rapidly start to broaden and strengthen are diplomatic alliances. I don't know enough about the subject on how to achieve this but as the brexiteers say, we are now a truly sovirign nation so whatever course of action we choose to take is in our hands with all the potential rewards and consequences.
Do I think Brexit is an entirely bad thing? No - there were issues with the block and how it operated and we were putting in more than we were getting out on a monetary perspective.
Do I think Brexit was necessarily a good decision? - No. It's proving to be putting huge strain on trade (as was expected) and we are paying the significant economic price at the most challenging of times.
However, I have no doubt the country will adapt and find solutions to these problems. In time we will form other trade agreements with other nations and new partnerships will arise. The economy will not be the same as it once was but it will still be strong and expand.
Ultimately, it's too early to tell how things are going right now. It's not perfect by any stretch, but I do think that it could of been ALOT worse (had we had a worse / no deal scenario) and personally I count that as a position thing.
Positivity and courage in the face of adversity is never a bad thing.
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#16
(Original post by Pythian)
Hello there,
But have you factored in that most countries have had a significant recession-like dip in their GDP - irrespective of brexit. See these stats: https://cdn.statcdn.com/Infographic/...mal/16934.jpeg
Hello there,
But have you factored in that most countries have had a significant recession-like dip in their GDP - irrespective of brexit. See these stats: https://cdn.statcdn.com/Infographic/...mal/16934.jpeg
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#17
(Original post by imlikeahermit)
What’s utterly laughable is that you think this month worth of impact is it. This isn’t getting any better, and if it hasn’t in your opinion had a noticeable impact on the majority of people, it will do shortly when the ports start filling up. Small businesses make up a staggering amount of our economy, 5.32 million of them existed in the U.K. in 2019. It is those that are hit hardest by this all.
How about you go reel out your “talk about first world problems” to the fishermen who’ve lost thousands of pounds for no other reason than a vanity project. Excuse the reel pun.
What’s utterly laughable is that you think this month worth of impact is it. This isn’t getting any better, and if it hasn’t in your opinion had a noticeable impact on the majority of people, it will do shortly when the ports start filling up. Small businesses make up a staggering amount of our economy, 5.32 million of them existed in the U.K. in 2019. It is those that are hit hardest by this all.
How about you go reel out your “talk about first world problems” to the fishermen who’ve lost thousands of pounds for no other reason than a vanity project. Excuse the reel pun.
Fishermen losing a few grand Is hardly devastating. Perhaps the gov could subsidise them for a while. The EU is the biggest vanity project out there and will collapse on our lifetimes.
Last edited by Starship Trooper; 1 month ago
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#18
(Original post by Pythian)
Firstly, we have a deal. It's the UK-EU trade agreement signed on 31st December. When you say "We kind of have a no deal at the moment" - this is a misinformation and distortion. It's one thing if you don't like the agreement; and another to suggest there isn't an agreement. Please. We have enough misinformation in the world.
Secondly, what do you mean by that 20% statistic?
* Putting Fact-checking hat on *
Firstly, we have a deal. It's the UK-EU trade agreement signed on 31st December. When you say "We kind of have a no deal at the moment" - this is a misinformation and distortion. It's one thing if you don't like the agreement; and another to suggest there isn't an agreement. Please. We have enough misinformation in the world.
Secondly, what do you mean by that 20% statistic?
* Putting Fact-checking hat on *
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#19
My job exposes me to logistics so I'm aware of disruption however at the same time there's been no disruption to my purchases of general merchandise or food and so the personal impact on me has been minimal.
About what I expected overall then but less bad than the picture some remoaners are painting.
About what I expected overall then but less bad than the picture some remoaners are painting.
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#20
Not quite as catastrophic as it could have been but seeing as that low bar was basically that Britain would implode thats not much of a compliment.
If nothing else, it's nice to see that every single promise made has conclusively been debunked as a boatload of horse ****.
If nothing else, it's nice to see that every single promise made has conclusively been debunked as a boatload of horse ****.
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