Another Benefit of Brexit?

Grantanow

See www.theguardian.com/politics/2023/feb/11/revealed-secret-cross-party-summit-held-to-confront-failings-of-brexit?CMP=Share_AndroidApp_Other

At last someone is using their brain and hopefully without all the 'f*ck business', blaming the French, blaming the EU for decisions our Ministers voted for at Council, etc., associated with Johnson and the rest of the backwoodsmen. It will take years to dig the UK out of the economic hole. The economic growth we once had under Blair has to be regained so we have enough taxation income to support the public services we need. Flag waving won't pay for that.

To avoid having to copy and paste my answer to your identical post elsewhere I'll just refer you to my post at 9.51 on this thread

www.gransnet.com/forums/news_and_politics/1321194-Glimmer-of-light-at-the-end-of-the-Brexit-tunnel-Or-did-I-dream-it?msgid=29900536

Surely that is no surprise. Financial Services soon to be left without a paddle. Labour/workers issues. Very high costs, lots of red tape, difficulty of exports and imports and transport issues, leading to broken supply chains. I mean, why would they???

The BoE is reporting that investment has been stopped in its tracks since Brexit.

See www.theguardian.com/politics/2023/feb/11/revealed-secret-cross-party-summit-held-to-confront-failings-of-brexit?CMP=Share_AndroidApp_Other

At last someone is using their brain and hopefully without all the 'f*ck business', blaming the French, blaming the EU for decisions our Ministers voted for at Council, etc., associated with Johnson and the rest of the backwoodsmen. It will take years to dig the UK out of the economic hole. The economic growth we once had under Blair has to be regained so we have enough taxation income to support the public services we need. Flag waving won't pay for that.

So far, no-one has been able to come up with any positive effect due to Brexit (none that can stand any kind of scrutiny)- and at the same time. everything that the Leave side called 'Project Fear' has turned out to be true, on speed, and worse.

It seems that we are beginning to officially recognise this, from the statements being put out by the Oxford meeting.n

tricia58

We joined a Common Market, which was a great idea. Can't remember them asking if we wanted to join a Political Union.

Poor memory or mindless repetition of Leave propaganda, then.

It was made very clear at the time that there was a political dimension to the Common Market.

It's always been the case that the EU looks to share common political values, peace, co-operation, respect for human rights, respect for the law etc. It was, after all, not just a project to restore prosperity to a war torn Europe, but also to promote a degree of co-operation integration such that member states would never again consider the possibility of war with their fellow EU states.

tricia58

We joined a Common Market, which was a great idea. Can't remember them asking if we wanted to join a Political Union.

Now we are finding the disadvantage of being outside any political union we think we can do it all ourselves, even though most companies are foreign owned.

We joined a Common Market, which was a great idea. Can't remember them asking if we wanted to join a Political Union.

Katie59

We import quite a lot from Italy, manufactured goods as well as food and wine, we export around half that amount, probably a lot of that is Scotch.

The top five exports to Italy are cars, crude oil, mechanical power generators, non-ferrous metals and metal ores/scrap.

Top imports from Italy are medicinal & pharmaceutical products, clothing, general industrial machinery, beverages and road vehicles other than cars.

assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/1132361/italy-trade-and-investment-factsheet-2023-02-01.pdf

We are relying on EU border controls, the same that were in place pre Brexit so any dodgy goods would have to originate from within the EU. It’s not good but customs are struggling (and failing) to control migrants and smuggling.

In the “I”

Unsafe meat is being allowed into the UK because of a lack of post-Brexit border checks, say industry insiders, who fear African Swine Fever and other diseases will be introduced.

Experts are also warning that British consumers could today be eating meat and fish that is not what it purports to be, just as horse was passed off as beef in 2013.

Checks to guarantee animal and plant health have been delayed four times since Brexit two years ago and are currently not due to be implemented until the end of 2023.

To attract investment to the UK companies need to know that people will be able to buy their products. Other countries are doing much better than the UK despite having suffered Covid & war (Brexit being our unique stupidity). We won't attract investment when a significant proportion of the consuming public can't afford to buy anything but basic necessities.

Why does everyone forget this essential component of growth - customers with money to spare?

“I'm sure big business will wonder if we actually have a plan or know what we are doing.”

The problem is that the UK has been living hand to mouth, day to day since the Brexit vote, with no clear direction. Brexit, then Covid now Ukraine, Energy crisis and political turmoil.

It’s hardly surprising that companies are cautious about investing in UK, that’s not likely to change until a stable government is established.

I don’t think Italy wants many “British” cars ( which cars are actually British? ) We know the car industry here has fallen by 50%, Italy actually manufactures its own cars, and washing machines, textiles etc Unlike here where we sold it all off.

Indeed, and taxation would be just one of so many factors. Ease and cost of importing and exporting would be another major one, so would licensing.

Dinahmo

I don't think that multi national companies can trust the present UK govt. Johnson and later PMs have not been exactly helpful or trustworthy in their commercial dealings.

... if it's true that Johnson said, f*ck Business, coupled with the rumour that he's hoping to make a comeback, I think investors will be a tad wary of the political and economic climate in the UK.

Not to mention Truss' disastrous short reign - and her also wanting to make a comeback, insisting she was right about growth but it just came out wrong .

I'm sure big business will wonder if we actually have a plan or know what we are doing.

Then there's the instability created by the strikes in response to the government's handling of the economy.

If I was looking to open a factory or set up a business - or invest - I'm not sure I'd be looking at the UK as a safe bet.

ONE WONDERS WHY ASTRA ZENECA HAS NOW DECIDED TO INVEST IN IRELAND - IS IT THE EU?

Taxation is much lower in Ireland for companies, many base their European operations in Ireland

and of course ease of imports and exports too, paperwork/data, tarifs, transport, etc, etc, etc.

I don't think that multi national companies can trust the present UK govt. Johnson and later PMs have not been exactly helpful or trustworthy in their commercial dealings.

The North we promised so much, and voted accordingly. And they are suffering the most, industry by industry.

ONE WONDERS WHY ASTRA ZENECA HAS NOW DECIDED TO INVEST IN IRELAND - IS IT THE EU?
“AstraZeneca has a fair claim to being the UK’s most successful major company of the last decade, as well as being one of its biggest domestic spenders thanks to the Cambridge facility. If it can’t sound enthusiastic about investing in the UK, there is a serious problem. AstraZeneca had wanted to build a new $360m “state-of-the-art” manufacturing plant in the north-west of England near its existing facilities in Warrington and Speke. It has decided instead to build its new factory in Ireland after the entire pharma industry, more or less, has openly criticised the gap between the government’s rhetoric and the reality of policymaking.”
(from The Guardian)

This is so serious at a time of medicine and vaccination shortages in the world. The EU will quite naturally protect and prioritise its members.

There are small export businesses on the brink of bankruptcy because of the extra costs of export and import with EU countries. Brexit is an unmitigated disaster.

MaizieD

ronib

MaizieD yes it’s a MoU. So do we export our cars and power generating equipment to Italy under an MoU or a different trade deal do you know?

What have we promised to trade under the MoU?

Basically, nothing

www.theneweuropean.co.uk/the-brazen-con-of-kemi-badenochs-post-brexit-trade-partnership-with-italy/

Any trade we do with Italy comes under the Trade and Co-operation Agreement negotiated prior to leaving the EU. It just continues (with costly barriers to trade) the trade with Italy that we've been doing for decades.

Brazen con

It’s so transparent they real think voters are stupid

Kemi Badenoch is visiting Mexico next for more of the same?

ronib

MaizieD yes it’s a MoU. So do we export our cars and power generating equipment to Italy under an MoU or a different trade deal do you know?

What have we promised to trade under the MoU?

Basically, nothing

www.theneweuropean.co.uk/the-brazen-con-of-kemi-badenochs-post-brexit-trade-partnership-with-italy/

Any trade we do with Italy comes under the Trade and Co-operation Agreement negotiated prior to leaving the EU. It just continues (with costly barriers to trade) the trade with Italy that we've been doing for decades.