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Why Would No Deal Be Such A Bad Thing?
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I voted Leave and I am genuinely puzzled why No Deal would be such a bad thing. Can Britain not survive without the EU?
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As one example, Japanese car firms have to pay hefty import duties if they build their cars in Japan and then export them to EU countries (making their cars harder to sell because they'll be more expensive than locally built cars).
So some of them have set up factories in the UK so that they can send their cars to France, Germany, Spain, The Netherlands, etc without having to pay import duties. (There are no import duties when goods are moved within the EU).
If the UK leaves the EU, those car firms will then have to pay import duties when the send their cars to mainland Europe, meaning that they'll be disadvantaged by having their factories here.
So those car manufacturers are likely to close their UK plants, resulting in big job losses among both their own employees and within companies who supply goods and services to those factories. That will mean that there will be some areas of the UK (which are currently reliant on car manufacturing to provide lots of jobs) where unemployment will be high. That then has a knock-on effect for other businesses, as fewer people will be visiting pubs, restaurants, cinemas, etc and High Street sales will also fall. That, in turn, will result in further job losses when those businesses either close down or simply cut back on staff.
Further, other companies based outside the EU (for example in the USA or, particularly, in China) will no longer have any incentive to invest in the UK, as they'll face hefty import tariffs when they try to sell their goods to customers in EU countries.
So the problem isn't (solely) about our own trading relationship with the EU but about how companies based outside of the EU will see the benefits or disadvantages of investing money in building plants within the UK.
So some of them have set up factories in the UK so that they can send their cars to France, Germany, Spain, The Netherlands, etc without having to pay import duties. (There are no import duties when goods are moved within the EU).
If the UK leaves the EU, those car firms will then have to pay import duties when the send their cars to mainland Europe, meaning that they'll be disadvantaged by having their factories here.
So those car manufacturers are likely to close their UK plants, resulting in big job losses among both their own employees and within companies who supply goods and services to those factories. That will mean that there will be some areas of the UK (which are currently reliant on car manufacturing to provide lots of jobs) where unemployment will be high. That then has a knock-on effect for other businesses, as fewer people will be visiting pubs, restaurants, cinemas, etc and High Street sales will also fall. That, in turn, will result in further job losses when those businesses either close down or simply cut back on staff.
Further, other companies based outside the EU (for example in the USA or, particularly, in China) will no longer have any incentive to invest in the UK, as they'll face hefty import tariffs when they try to sell their goods to customers in EU countries.
So the problem isn't (solely) about our own trading relationship with the EU but about how companies based outside of the EU will see the benefits or disadvantages of investing money in building plants within the UK.
I agree with jackdaw, all the talk of no deal is a scare tactic.
What happens when we leave, does all trade between the EU countries and the UK suddenly cease overnight?
We will be free to make deals with other countries from around the world, unlike now, and we would have to make a deal with the EU to enable trade to carry on. In the meantime they will just have to plod along as before.
What happens when we leave, does all trade between the EU countries and the UK suddenly cease overnight?
We will be free to make deals with other countries from around the world, unlike now, and we would have to make a deal with the EU to enable trade to carry on. In the meantime they will just have to plod along as before.
Employment protection laws are unlikely to change as many aspects of it are now in UK based legislation:
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I’m afraid that’s incorrect too, WBM:
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The Government has brought over into UK legislation a number of EU regulations on fisheries under the EU Withdrawal Act 2018 aimed at ensuring a continuation of existing rules on Brexit day.
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The Government has brought over into UK legislation a number of EU regulations on fisheries under the EU Withdrawal Act 2018 aimed at ensuring a continuation of existing rules on Brexit day.
Thousands, mate, thousands. The EU withdrawal act brings all EU laws onto the UK books.The Act is essentially a giant ‘copy and paste’ exercise. It means that laws and regulation made over the past 40 years while the UK was a member of the EU will continue to apply after Brexit. In doing this, the Act creates a new category of UK law: EU retained law. The bill became law as an Act on 26 June 2018
‘Why oh why was that allowed to happen Zacs?
Because we have a democracy, 1ozzy. Much better than being a member of the EU which imposes rules and laws on us without the populace’s say-so.
Or so we’re constantly told by the leave voters.
That’s the leave voters who, every single day on here, moan about The undemocratic way the Govt and Parliament are behaving.
British irony, 1ozzy. Great innit. Strewth, eh, strike me down with a wombat’s wang, mate.
Because we have a democracy, 1ozzy. Much better than being a member of the EU which imposes rules and laws on us without the populace’s say-so.
Or so we’re constantly told by the leave voters.
That’s the leave voters who, every single day on here, moan about The undemocratic way the Govt and Parliament are behaving.
British irony, 1ozzy. Great innit. Strewth, eh, strike me down with a wombat’s wang, mate.
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