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Post by bernythedolt on Oct 24, 2020 19:24:43 GMT
In 2019, the UK recorded an overall trade deficit with the EU of -£72 billion. A surplus of £23 billion on trade in services was outweighed by a deficit of -£95 billion on trade in goods. Both are correct. The UK exports more goods and services to the EU as a percentage of total UK exports.The EU27 export more goods (but fewer services) to the UK as a £/€ financial amount. suggests we export more to non-EU than to EU, and have done so every year since 2008. "About 44% of UK exports in goods and services went to other countries in the EU in 2017—£274 billion out of £616 billion total exports.
That share has generally been declining, since exports to other countries have increased at a faster rate."And it's surely the trade surplus or deficit that matters most... and as agent69 has said, the UK runs a massive deficit vs. the EU.
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adrianc
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Post by adrianc on Oct 24, 2020 19:27:25 GMT
Both are correct. The UK exports more goods and services to the EU as a percentage of total UK exports.The EU27 export more goods (but fewer services) to the UK as a £/€ financial amount. suggests we export more to non-EU than to EU, and have done so every year since 2008. "About 44% of UK exports in goods and services went to other countries in the EU in 2017—£274 billion out of £616 billion total exports.
That share has generally been declining, since exports to other countries have increased at a faster rate."And it's surely the trade surplus or deficit that matters most... and as agent69 has said, the UK runs a massive deficit vs. the EU. I wonder what percentage of that non-EU trade is to countries we have trade deals with through the EU? And remember - it's far easier to replace suppliers in one country than it is to replace suppliers in 27.
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agent69
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Post by agent69 on Oct 24, 2020 19:33:17 GMT
It's not a meaningless percentage when half of your export business dries up overnight and half of your imports get more expensive overnight. We have lost 27 of our nearest neighbours and largest trading partners. They have lost one. Why will half our exports dry up overnight. Project fear?
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travolta
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Post by travolta on Oct 24, 2020 20:10:24 GMT
Oh Adrian, it was 1954 and I am 70. 1954 was two thirds of a century years ago. You would have been four years old. There is no way you can remember with any actual relevance what the effects of rationing were. I can barely remember a bloody thing about being four in the mid 70s. Clothes rationing ended before you were born. Petrol about the time of your birth. Confectionary and sugar when you were three. I'm sure you remember decimalisation (or, as a friend of ours of a certain gammonish hue refers to it with a straight face - "the disaster of decimalisation")? I wasn't even born then. I'm rapidly approaching 50. You are so sad. I can remember from 2.5 , no problem. Do really think that just because they pronounced THE END that conditions switched immediately. I never had a sweet until I was nine (acidosis). The diet obviously agreed . It was a rather dull time. Not much distraction, so we read a lot and listened to Children's Hour . BUT by 6, I was able to travel, on trains ,to Grays Inn Road ,Central London,unaccompanied and in complete control. Children were very self sufficient and capable from an early age.
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adrianc
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Post by adrianc on Oct 25, 2020 8:02:35 GMT
It's not a meaningless percentage when half of your export business dries up overnight and half of your imports get more expensive overnight. We have lost 27 of our nearest neighbours and largest trading partners. They have lost one. Why will half our exports dry up overnight. Project fear? Because if you're an EU27 buyer, and one of your suppliers suddenly becomes subject to tariffs or customs delays in shipments... You're going to find another supplier that doesn't apply to. It's not going to be a problem to do so, because there's only one country that's crossed itself off your list, after all.
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adrianc
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Post by adrianc on Oct 25, 2020 8:03:54 GMT
Thank you for proving my point so eloquently. Things were better then not because they were actually better - they weren't. But simply because of rose-tinted memories and preferring being young to being old.
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agent69
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Post by agent69 on Oct 25, 2020 10:50:22 GMT
Why will half our exports dry up overnight. Project fear? Because if you're an EU27 buyer, and one of your suppliers suddenly becomes subject to tariffs or customs delays in shipments... You're going to find another supplier that doesn't apply to. It's not going to be a problem to do so, because there's only one country that's crossed itself off your list, after all. So you're saying that in the event of a no deal Brexit the whole of the EU will stop buying anything from us on 1st January? I'm calling BS on that one.
I don't dispute that if tariffs are imposed it will affect trade, but by 100%?
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registerme
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Post by registerme on Oct 25, 2020 11:16:29 GMT
It won't be 100%, and it won't be immediate. But I suspect over time cost and friction will increase pressure to find substitutes for goods and services. That's only natural right?
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adrianc
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Post by adrianc on Oct 25, 2020 11:48:29 GMT
Of course it won't be 100%, and of course it won't be immediate. If nothing else, there's ongoing contracts...
But, over time, if you add in regulatory divergence (which is, after all, "one of the benefits", right?), then...
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michaelc
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Post by michaelc on Oct 25, 2020 13:56:10 GMT
Oh yes GDPR - that great invention to cover every website known to man with a pop-up warning full of text and a mandatory button to press to continue.
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Post by Deleted on Oct 25, 2020 14:17:20 GMT
Yep, lets ditch GDPR and kowtow to US regulations instead... all your personal data (including highly sensitive health, financial records etc) gets sold to whichever US company wants it for whatever purpose they choose.
Damn that nasty EU for caring about peoples privacy.
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adrianc
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Post by adrianc on Oct 25, 2020 14:25:51 GMT
The previous UK DPA98 was an absolute outdated joke - and, itself, was the implementation of an EU directive - and something needed to be done about it.
Most of what gets blamed on GDPR really isn't actually covered by it. it's the internet-age equivalent of "elf'n'safety, innit, mate", as a catch-all for "I can't be bothered, but can't think of a good reason why not."
As far as the US goes, California's Consumer Privacy Act (which came into force at the start of this year) is very, very similar to GDPR... And where are most internet companies based?
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Post by Deleted on Oct 25, 2020 14:29:32 GMT
Maybe some of these lemmings should actually read the 'popup warnings full of text' that they whinge about.
It might educate them about the vast collection of dubious corporate entities with an interest in obtaining their personal data.
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michaelc
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Post by michaelc on Oct 25, 2020 15:19:56 GMT
Maybe some of these lemmings should actually read the 'popup warnings full of text' that they whinge about. It might educate them about the vast collection of dubious corporate entities with an interest in obtaining their personal data. I'm sure you wouldn't do it if we met face to face. Why is it ok to abuse folk on a forum?
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Post by Deleted on Oct 25, 2020 15:25:12 GMT
I'm sure you wouldn't do it if we met face to face. tbh, I'm so sick of Brexiteers making stupid claims on here like 1950s food rationing being wonderful, that I wouldn't be so certain about that. And yes, I view opposition to a badly needed consumer privacy/protection law as counterbalance to corporate interests, simply because someone cant be bothered to click a button, as pretty high on the stupid scale too.
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