The single market?

Nobody seems to mention that Germany is in the EU Nd euro, yet has a stronger economy than the uk, I wonder why.

That's not quite true, POGS. Economists have been highlighting for ages that Osborne has decreased the deficit to the detriment of the debt. Not only that, but when Corbyn advocated introducing a slightly different form of Quantitative Easing, which would have created jobs, people threw up their hands in horror and claimed that all the Labour Party ever does is spend money. The difference would have been that Corbyn's QE would have stimulated the economy; now QE is needed just to stabilise the economy and avoid inflation. The price is the devaluation of the pound. The irony is that Osborn has today abandoned his deficit targets.

As for the Single Market if the political elite in the UK and the EU could differentiate between the political and commercial aspects of the European Commission/Parliament and Westminster then surely it is not beyond the wit of man to accept the Free Trade Agreement makes perfect sense for the continuance of commerce for ALL the 28 countries which are STILL making up the EU.

It is the political will by some to uphold the mantra of Ever Closer Union and free movement of people that is taking president over commerce and trade and I think it is pathetic and is only serving the political need to show the EU clout and give the UK a bloody nose because it is scared to face up to the fact there is disquiet with the political elite throughout Europe.

Do you not think a Dutch flower exporter in Holland does not share the view of a Somerset cheese exporter? It is the political elite that is standing in the way and it is stupid.

Well said POGS

Funny how the UK 'talking of' Quantative Easing 'if the case ever arose' is striking a chord over Brexit.

Why is the fact the European Central Bank. (Euro currency) put into place Quantative Easing last year and it didn't raise an eye brow from those who are commentating re Brexit.

The banking system has been reforming since the 2008 banking crisis in the UK as opposed to some other European countries in the Euro currency. The EURO is not in fantastic shape

www.theguardian.com/business/live/2016/mar/10/ecb-stimulus-measures-mario-draghi-negative-rates-qe-business-live

I bet the next comment will be how Osborne has reduced the UK Interest Rate to 0.25% , possibly 0 Interest Rate and that will prove to be the latest proof of Brexit failure. It could be a valid point but remember the European Central Bank (EURO currency) is already at 0% Interest Rate. The Euro is not in a good place either.

www.theguardian.com/business/2016/mar/10/ecb-cuts-eurozone-interest-rate-to-zero

www.global-rates.com/interest-rates/central-banks/european-central-bank/ecb-interest-rate.aspx

The loan was in 2008 to improve green efficiency. The EU threatened to raise import tariffs, but the current government blocked the rise.

I wonder how much the Welsh vote was influenced by the eu banks policy of giving 'soft' loans to Chinese steel manufacturers. It was a kick in the teeth for them, I'm sure.

Granjura You are so right. All I heard from brexit was how wonderful it will be not to fill in forms or acccept EU laws. Those laws ( signed by elected MEPs from the UK) state basic safety levels. Now, OUT you can buy in chinese steel girders for your bridges, houses and blocks of flats. Cheaper - lovely!!
I saw on TV a Cornwall beef farmer complaining about beaurocracy with farming etc. Have they no memory? Don't they know that it was the Uk which fed cattle sheep's brains and caused an out break of BSE. Now every cow has to have a its ears clipped with info about where it was born. Many EU farmers could have done without that.

I have to be careful now saying I come originally from England, it used to lead to interesting questions and conversation.
Now the Uk is a laughing stock with Boris and the utter political mess they have made between themselves
A cartoonists paradise.

QE is a temporary move, like a theoretical payday loan.

The Bank of England hasn't actually found that money. It is a way of pretending that it is there (and everyone is going along with the pretence) that the country's assets have a higher value than they did before the quantitative easing, so that in the short term we can spend more than we did before, and others will lend us some, or let us run up a slate, in the belief that we have more than we actually have, and will in the long term be able to pay it back.

If our wonderful leaders handle things right and we get lots of dosh from the world markets which are said to queueing up to buy from us and use our expertise in financial sevices and so on, we will flourish and get back into the black. The imaginary money will be transformed into real.

If they make a cod of it, or the world has enough of their own service industries and the manufactured goods we want to sell them, and don't spend money with us, then the imaginary money will become a minus on our national bank statement and we will be even further in the red.

The single market is about being able to sell without tariffs between those countries, and products which all adhere to the same safety regulations. We all know that many of the Chinese goods coming over, for instance, are just not safe.

www.taxresearch.org.uk/Blog/2016/07/01/this-time-make-it-peoples-quantitative-easing/

To give Cameron and Osborne a kicking for abandoning the north.

To quote people on the television, if you already have nothing, they can't take it away from you, so it doesn't matter which way you vote.

Not everyone in Sunderland works for Nissan.
They also could have believed the Brexit leaflet which told them that Nissan would not move.
Whatever has happened to the Leave campaign being sued for false advertising, and using names without permission?

It's beyond me why the people of Sunderland voted leave when there was a danger that Nissan would relocate.

To be fair, Sunderland voted Leave, so it's not just the rest of the country not caring. :-(

"As Ethical Consumer says in its mission statement, we also understand the need for wider political action - not least to oppose the side effects of a bitter and divisive referendum campaign, such as the racial and xenophobic abuse that appears to have become an unsurprising but horrific consequence.

Ethical consumer behaviours grew as a response to very specific failures of governance in the face of increasingly globalised markets dominated by multinational corporations. It is this neo-liberal model of governance – focused as it is on the interests of corporations rather than on the interests of humans – that has left whole communities feeling abandoned and irrelevant. Yet walking away from the only institutions big enough to counter the power of global business is highly likely to make things worse rather than better for these very same communities.

All the indications are, at this early stage, that acting ethically in markets is likely to become more, rather than less, important as the power to regulate them becomes dissipated. We hope that whichever way people voted they will want to join the campaign to ensure that ethical markets can continue to grow and thrive for the benefit of people in the UK, the EU and the wider world.

Together, the struggle continues for a society that reflects our values."

No coincidence that Ethical Superstore has its head office in the North East.

That just shows, doesn't it? The biggest employer in the North East and people do not know about it. Leaf cars made there, and other Nissan cars. I do not know how many companies in the North East rely on Nissan being here. But it's the North East, so it doesn't matter. The whole lot can be fracked as it's just a wasteland.

@Margaret

The UK produced 1.6 million vehicles in 2015. Vehicle manufacture is one of the UK's most valuable exports, but (as you say) production is highly integrated. Parts are often produced in one country and assembled in another. Nissan in Sunderland can switch production to and from its factory in Spain at the touch of a button to maximise profit. The single market has simplified the whole process.

You reckon margaret? U.K. Is very good at blame shifting.

I didn't know that the UK had its own car industry. These days cars are made from bits and pieces and the Uk delivers car parts to Germany and BMW and Audi want this to continue BUT without interruption. Fr Merkel knows this and supports this that is why she says the single market deals should be completed as soon as possible.

I live in Mercedes country and there is a firm near us making ventilators. Not only for cars, and he said that he exported 30% to the UK and was very worried. He said he would be looking at other markets straight away( it is a family firm)
I can't see the free movement of people being altered. The whole Autobahn system would breakdown with more controlls. It is successfull because it works smoothly and efficiently

There has to be another solution to the immigrants that come in with the EU people. The UK, as an arms producing and exporting nation and a nation that has started wars and made millions homeless, they must now take these people in.

That's what they used to bail out the banks.
QE is a good thing if it goes to helping jobs and poverty.
Osborne has been using it all along, but pretending not to. Unfortunately, as whitewave says, it's been directed at the wrong people.

And more houses, Tegan.

No they don't believe in helping the poor only the rich. That is the attitude that got us into this mess.

If the bank of england have found loads of money to bail us out of this mess, can someone explain why we had the austerity cuts that have fuelled the current situation....shouldn't the govt have built more schools and hospitals to ease the situation?

Foreign investors will be attracted to the Uk as the weak £ will mean more for their dollars. Unfortunately it means that anything we import will be more expensive.

Any showing of confidence in UK markets i. e. Not going into total freefall is due to the Bank of England boosting the £ with quantitative easing (Printing money ) and maybe dropping interest rates to zero. Ok for some, but not great for long term growth, pension funds or anyone with savings.

fullfact.org/europe/uk-leaving-eu-trade/

We will get most favoured nation tariffs, which still means tariffs, i.e., we pay more to export to the EU, and more paperwork as suzied says. Time = money in business.