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Oh, fucksticks.
That's really a massive head ache for us in Northern Ireland if that's true...and a big problem for Republic of Ireland too, we trade lots of things especially agricultural products.
I'm glad I'm in software in an established company, but this can draw investment away from NI to ROI too.
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• #6730
No surprise here: http://www.bbc.co.uk/news/business-38555673
On the bright side, this will do wonders for UK exports. On the not-so-bright side, it's not going to be very easy to export anything.
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• #6733
You're obviously right. I was being snarky.
Which, to be fair, may be one of Britain's greatest resources.
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But FTSE tho. All time highs tho.
Unless you rebase it against the dollar, that is. Or normalise it for the inflow of foreign money. In which case - Oh look, you may as well have devalued the pound and had a yard sale of everything to overseas money...
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https://www.theguardian.com/politics/2017/jan/09/brexit-may-single-market-scotland-fears
British exporters would face having tariffs worth £5bn imposed on their goods, Civitas said. But it said the government would raise £13bn from tariffs on imports which could fund an industrial strategy that would boost the manufacturing sector.
Please excuse my ignorance, but how do tariffs work? I assume there levied on goods coming into the country which the imports then recoup by putting up the price which the consumer pays.
I know we're living in a Post Truth world but how do a bunch of Tories think this is a good thing.
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• #6738
Makes sense. Tories love it when the public subsidize private businesses.
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I'm no economist, but...
Cheap shit, all comes from Asia now and even China is getting expensive
Most other stuff now comes from EU/USA
Companies are going further and further abroad for things like apples etc. (check your Tesco food bags...) and anything else that can be shipped
A lot of local produce isn't grown anymoreUnless the gov produces a sound plan with businesses on what can actually be produced here and make cash...
And before somebody goes GERMANY they assemble a lot in East Europe atm where costs are lower but people are well educated. At least unemployment will drive wages down making us attractive again, right....? <- sarcasm obv.
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Please excuse my ignorance, but how do tariffs work? I assume there levied on goods coming into the country which the imports then recoup by putting up the price which the consumer pays.
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Incredibly long post by Dom Cummings on why he thinks the referendum went the way it did.
https://dominiccummings.wordpress.com/2017/01/09/on-the-referendum-21-branching-histories-of-the-2016-referendum-and-the-frogs-before-the-storm-2/Maybe interesting to some.
(linking does not imply endorsement blah blah blah)
(although it's quite worth the read - he's not very triumphalist) -
• #6748
Oh snap!
amey
JWestland
cliveo
Aroogah
NotThamesWater
HousecatHST
Ramsaye
starfish&coffee
h2o
yoshy
Bad_Science
Oliver Schick-
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EU referendum, brexit and the aftermath
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It seems May has confirmed hard Brexit. If I were a company which relied on access to the EU, and had yet to make plans for the future, I'd be making them as of Monday.