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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!

Dinahmo Wed 22-Feb-23 19:10:29

Katie59

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

And that is one of the problems - the profits will be going to the US shareholders and not stay in the UK. Also, American companies have a reputation for buying smaller companies, former competitors perhaps, and then closing them.

Fleurpepper Wed 22-Feb-23 19:14:48

On the One Show- electric heaters which are real dangers! No more regs re CE standards. Anything goes, from anywhere- danger or not.

Fleurpepper Wed 22-Feb-23 21:21:21

The fourth delay in introducing the checks left the farming industry aghast. Spot checks have already revealed that sub-standard meat is entering the country and the industry is terrified that the failure to inspect imports properly could lead to an outbreak of African Swine Fever or another highly contagious and devastating disease. But the government insisted that at a time of rising prices, it would be madness to introduce checks at the UK’s borders.

But the real reason for the delay to the checks is now becoming clearer. Brennan says that when they come – and they are now just eight months away – they will cause a huge problem. The current shortages are just a small sign of what may lie ahead.

As he explains, when those new controls were expected to be introduced last year, “We were clear at that time that this would have collapsed a significant part of the food supply chain into the UK”.

In short, you ain’t seen nothing yet.

Funnily enough, the real issue would not be with fruit and veg, which are not heavily checked. The problems would arise mainly with meat and dairy products and anything containing either.

They not only require extensive checking, many need to be approved by vets as well. But the main problem as Shane Brennan told me is “because of what we call groupage. That is small business loads, with more than one customer on the same lorry – (the customers) would have faced significant additional costs and disruption and they would have just stopped doing it. We know that would have happened because it is what happened to exports when the EU introduced the same controls” on UK exports to the EU in 2021. '

Katie59 Thu 23-Feb-23 01:17:22

Dinahmo

Katie59

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

And that is one of the problems - the profits will be going to the US shareholders and not stay in the UK. Also, American companies have a reputation for buying smaller companies, former competitors perhaps, and then closing them.

Actually the £23 billion profit selling ARM went to previous parent company SoftBank a Japanese company, future profits will go to the US.
The UK will receive the taxation on the UK earnings of the workers, as consolation.

Katie59 Thu 23-Feb-23 01:29:31

Fleurpepper

On the One Show- electric heaters which are real dangers! No more regs re CE standards. Anything goes, from anywhere- danger or not.

We already have an equivalent UK approval scheme the UKCA, equivalent to CE but only recognized on the U.K. - madness.

Fleurpepper Thu 23-Feb-23 08:10:47

I wonder how many realise the Morocco has a Trade Deal Agreement with the EU. So produce is exported there first until saturation- and only go beyond if there is any extra. Factor in extra transports costs and petrol/diesel, refrigeration, long queues at Calais and red tape ...