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Another Benefit of Brexit?

(457 Posts)
Granny23 Sun 18-Sept-22 11:14:25

Just this!

The pound is at its lowest level since the crash of 1985. The average UK household is projected to be poorer than the average Slovenian household by 2024 and Polish by 2030 (source: John Murdoch in the financial times today).
Glad we took back control eh!

Katie59 Thu 16-Feb-23 11:39:18

The argument that we can’t produce good efficiently is rubbish we buy a great deal of German and French made products, these days there are very few British made products available, and getting less
We have just installed solar panels there are NO British made components, panels from Spain, inverter from India, batteries from China.
The UK is far behind

prestbury Thu 16-Feb-23 16:42:44

Katie59

The argument that we can’t produce good efficiently is rubbish we buy a great deal of German and French made products, these days there are very few British made products available, and getting less
We have just installed solar panels there are NO British made components, panels from Spain, inverter from India, batteries from China.
The UK is far behind

GB-Sol have been manufacturing solar panels in South Wales since 1999.

www.gb-sol.co.uk/default.htm

Shield Batteries have been manufacturing in the UK for over 100 years.

www.shieldbatteries.co.uk/applications/renewable-solar.html

Katie59 Thu 16-Feb-23 19:34:19

prestbury

Katie59

The argument that we can’t produce good efficiently is rubbish we buy a great deal of German and French made products, these days there are very few British made products available, and getting less
We have just installed solar panels there are NO British made components, panels from Spain, inverter from India, batteries from China.
The UK is far behind

GB-Sol have been manufacturing solar panels in South Wales since 1999.

www.gb-sol.co.uk/default.htm

Shield Batteries have been manufacturing in the UK for over 100 years.

www.shieldbatteries.co.uk/applications/renewable-solar.html

GB Sol makes very interesting architectural solar panels, just the king of innovation we need.
Shield certainly make Lead/acid batteries, and sell high tech Lithium from elsewhere.

Much more renewable enterprise needed.

Grantanow Sat 18-Feb-23 10:27:51

Yes Katie59 so long as it's readily available, better quality and less expensive than the same items made in China or elsewhere outside the UK.

Katie59 Sat 18-Feb-23 10:59:23

It doesn’t have to be cheaper just better we buy lots of German cars and other stuff because we like it, we think it’s good value and it usually is.

Let’s make it ourselves.

varian Sat 18-Feb-23 17:12:40

The UK has always has certain strengths - sectors of the economy where we have excelled. So have the 27 countries of the EU. We all have different strengths and so we were better together than apart. The sum of the parts is less than the whole European Union working together.

Even if we could strike brilliant trade deals with faraway lands (no sign of that so far), how could that possibly make sense in a world where we must reduce emissions to save the planet?

Katie59 Sat 18-Feb-23 21:23:23

varian

The UK has always has certain strengths - sectors of the economy where we have excelled. So have the 27 countries of the EU. We all have different strengths and so we were better together than apart. The sum of the parts is less than the whole European Union working together.

Even if we could strike brilliant trade deals with faraway lands (no sign of that so far), how could that possibly make sense in a world where we must reduce emissions to save the planet?

I’m trying hard to name our strengths

growstuff Sat 18-Feb-23 21:39:48

Katie59

It doesn’t have to be cheaper just better we buy lots of German cars and other stuff because we like it, we think it’s good value and it usually is.

Let’s make it ourselves.

The majority of people in the UK don't buy German cars because they can't afford them.

Yes, let's make stuff ourselves, but only if it will sell at the price we can produce it. The fact is that most people can't afford to virtue signal and need to buy cheaply.

China can undercut the UK on price because it has a lower cost of living. We could always impose tariffs, but that would raise prices and lead to inflation.

The UK became great in the nineteenth century because it exploited its empire for raw materials and paid its workers a pittance. Is that what people really want?

growstuff Sat 18-Feb-23 21:47:08

According to the ONS, the UK's top exports in 2022 were precious metal production, aircraft parts, motor vehicles, pharmaceuticals, refined petroleum, natural gas and crude petroleum, jewellery, clothing, organic basic chemicals, plastics and plastic production.

Dinahmo Sat 18-Feb-23 22:36:55

Whatever happened to financial services?

Romola Sat 18-Feb-23 23:08:18

In the UK, services account for about 80% of output and jobs. It's harder to increase productivity in service jobs than in manufacturing, so people in this country haven't been getting richer for some years. Brexit has also put the brakes on as our financial services have to some extent gone to Paris and Frankfurt, another loss which was predicted at the time of the referendum.
There is a bit of hope for the service sector as the new AI platforms like ChatGPT could make it more productive - but possibly with the loss of some jobs.
Varian I absolutely agree that remaining in the EU would have meant that our strengths would complement those of the other countries.

Katie59 Sun 19-Feb-23 06:53:19

growstuff

According to the ONS, the UK's top exports in 2022 were precious metal production, aircraft parts, motor vehicles, pharmaceuticals, refined petroleum, natural gas and crude petroleum, jewellery, clothing, organic basic chemicals, plastics and plastic production.

Don’t count precious metals we don’t have any gold mines in UK it’s just trading.

growstuff Sun 19-Feb-23 10:03:34

Katie59

growstuff

According to the ONS, the UK's top exports in 2022 were precious metal production, aircraft parts, motor vehicles, pharmaceuticals, refined petroleum, natural gas and crude petroleum, jewellery, clothing, organic basic chemicals, plastics and plastic production.

Don’t count precious metals we don’t have any gold mines in UK it’s just trading.

No, it's not. The UK’s precious metals industry is involved in refining precious metals such as gold, silver, and platinum. Once refined the metals are used in a variety of applications including motor vehicle manufacturing, jewellery manufacturing, and computer and peripheral equipment manufacturing.

The precious metal production industry also produces precious metal alloys and metal foil laminates.

growstuff Sun 19-Feb-23 10:06:21

Romola

In the UK, services account for about 80% of output and jobs. It's harder to increase productivity in service jobs than in manufacturing, so people in this country haven't been getting richer for some years. Brexit has also put the brakes on as our financial services have to some extent gone to Paris and Frankfurt, another loss which was predicted at the time of the referendum.
There is a bit of hope for the service sector as the new AI platforms like ChatGPT could make it more productive - but possibly with the loss of some jobs.
Varian I absolutely agree that remaining in the EU would have meant that our strengths would complement those of the other countries.

Don't confuse "services" and "financial services".

Services include things such as hairdressing, gardening, cleaning, car maintenance, etc. We all need those for our quality of life. They make profits for the providers and keep money flowing around the economy.

growstuff Sun 19-Feb-23 10:31:14

A service company which hardly anybody has ever heard of is Arm (arm), even though virtually everybody with a smartphone uses one of its products. It doesn't actually produce anything physical, but the company was valued at £23.4 billion in 2016. The company designs and licenses instructions for semiconductors. Unfortunately, the company is no longer British-owned, but its HQ is still in Cambridge and employs about 3000 people.

Making money isn't just about producing "stuff". It includes using a relatively highly educated and healthy workforce to add value. It's the modern equivalent of turning lumps of wood into tables and chairs, which people can actually use.

Mamie Sun 19-Feb-23 10:37:29

growstuff

A service company which hardly anybody has ever heard of is Arm (arm), even though virtually everybody with a smartphone uses one of its products. It doesn't actually produce anything physical, but the company was valued at £23.4 billion in 2016. The company designs and licenses instructions for semiconductors. Unfortunately, the company is no longer British-owned, but its HQ is still in Cambridge and employs about 3000 people.

Making money isn't just about producing "stuff". It includes using a relatively highly educated and healthy workforce to add value. It's the modern equivalent of turning lumps of wood into tables and chairs, which people can actually use.

I know about Arm chips. Oh the joys of teaching teachers to use Acorn computers.
*exec!bat How could anyone forget? 😂😂😂

Whitewavemark2 Sun 19-Feb-23 10:44:58

Starmer has said that he will support Sunak over the NI protocol in order to get get things moving again, particularly regarding the Assembly which has been totally abandoned by the DUP who have thrown a tantrum over the protocol and of course losing their majority.

This would also put pay to any nonsense emanating from the ERG and Johnson, who is constantly on manoeuvres. Sunak can have the confidence to produce an agreement fit for purpose and which will ensure things get back to normal in NI.

Fleurpepper Sun 19-Feb-23 10:52:05

And yet, imagine that the DUP will be the first ones to massively complain that they have lost their economic advantage over the rest of the UK !?!

Whitewavemark2 Sun 19-Feb-23 10:56:39

👀

“Memo to Rishi Sunak … next time you are in public say the words “I am not convinced that I should be listening too closely to the person who created this mess for the best advice on how to clear it up. Now kindly shut up and go away.”

AC

growstuff Sun 19-Feb-23 11:18:23

Mamie

growstuff

A service company which hardly anybody has ever heard of is Arm (arm), even though virtually everybody with a smartphone uses one of its products. It doesn't actually produce anything physical, but the company was valued at £23.4 billion in 2016. The company designs and licenses instructions for semiconductors. Unfortunately, the company is no longer British-owned, but its HQ is still in Cambridge and employs about 3000 people.

Making money isn't just about producing "stuff". It includes using a relatively highly educated and healthy workforce to add value. It's the modern equivalent of turning lumps of wood into tables and chairs, which people can actually use.

I know about Arm chips. Oh the joys of teaching teachers to use Acorn computers.
*exec!bat How could anyone forget? 😂😂😂

Arm has moved on since Acorn. And we had them too, as one of the pupils at my school was one of the original founders and we got a load of Acorn computers for free.

The point I'm making is that "services" aren't just an add-on to the productive economy. Mark Zuckerberg, for example, is one of the richest people in the world and he made his money from providing a service. They have a value, which can be quantified just as easily as the profits from manufacturing physical goods.

Katie59 Mon 20-Feb-23 11:45:46

I’ve just been reading up on ARM, sold recently to US company Nvidia for $40m, concentrating on Artificial Intelligence and report expanding Cambridge research

They do describe what they sell as “products” not services, we need far more innovation of all kinds.

Dinahmo Mon 20-Feb-23 13:42:43

Romola I was being sarcastic when I mentioned financial services. After all we heard before the referendum that our organisations were the best in the world and that contributed so much to the country's wealth. Obviously not the case now.

varian Mon 20-Feb-23 17:49:50

Just another lie?J

Katie59 Tue 21-Feb-23 00:01:12

Katie59

I’ve just been reading up on ARM, sold recently to US company Nvidia for $40m, concentrating on Artificial Intelligence and report expanding Cambridge research

They do describe what they sell as “products” not services, we need far more innovation of all kinds.

Correction typo $40bn

varian Wed 22-Feb-23 18:44:47

Why is there a shortage of tomatoes and other fruit and vegetables in the UK?

Could this possibly be another benefit of brexit?

When climate and fuel prices affect the countries in Europe which produce the fruit and vegetables we buy in UK supermarkets, their priority is to supply the rest of the EU, not a third country like the UK.