| My view on the business aspects of leaving | |
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| Tweet Topic Started: Jun 14 2016, 10:23 PM (38 Views) | |
| ReggaeMATTic | Jun 14 2016, 10:23 PM Post #1 |
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I have been reading things and taking everything in from the media and I have to say the scaremongering is continuous. It appears that most people who talk about this have little actual idea of business. If you are involved in selling goods and services you are going to continue to do so whether we are in or out. What's the difference? Not a lot in my opinion. Ministers have been up in the potteries today talking about 50% of exports going to the EU. If we leave, will they stop, probably not. We are told 800 jobs depend on them in this particular factory. Why would people stop buying things? What is going to change? These companies are already dealing with foreign banks, with the currency conversions, the language issues, the shipping and transportation, so what's new? Well, the boogie man is tariffs and the supposed putting up of them. Since the EU sells us 4 times as much as we sell them, why would they put up tariffs and invite us to retaliate? It makes no sense. We would not put up tariffs because we don't do it at present (example: Chinese steel). Business these days is just too important to be disrupted by politics. You may not like that but that is how it is. We are 60-70 million people waiting to have things sold to us. We have a lot of money to buy them. We also have skills and innovative products to sell, and people wish to buy them from us. People are not going to say 'well they've left the EU now, so I'm boycotting Britain' in any significant numbers. I keep promising myself I will boycott Amazon, but the lure of good prices and availability is too much to overcome. We will continue to sell what we already sell, you may rest assured of that. What may affect business is currency fluctuations, which are a two-edged sword depending upon whether you are an importer or an exporter. If the pound falls against the Euro, which it may well do then imported consumables may get dearer, but our exports should increase. This will, unfortunately, not help our balance of payments, but it does have the effect of reducing service and retail jobs selling cheap Chinese imports and hopefully increasing jobs related to the stuff we sell, which is mainly niche manufacturing, technology and banking. Well 2 out of 3 of those categories are welcome improvements. Not sure we need more bankers but if that's the price we have to pay, so be it. Being out of the EU would definitely give us more control over the deals we make with non-EU countries with whom we may have formerly enjoyed better relations. The deals would also be much quicker as we don't have to get 27 other countries to agree. Being out of the EU also keeps us out of TTIP which is a retrograde agreement designed to allow US companies access to our markets largely on their terms, including the ability of foreign corporations to sue our government if it implemented laws that affected the profitability of US corporations undertaking investment in our country. Simply put, this would place the rights of foreign companies above our Parliament, something that I regard as completely unacceptable in any circumstance. As you may know, the US is well known for its' general absence of workers' rights in any non-unionised workplace. Make up your own mind - look and research. Come back at/to me. |
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1:24 AM Jul 11