Jan 2020
4:09pm, 24 Jan 2020
10,163 posts
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larkim
Well, if zero friction and impediments was universally a good thing, everyone would do it wouldn't they? (Not that I agree with what Brexit will do, but just as a principle).
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Jan 2020
4:12pm, 24 Jan 2020
6,200 posts
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jda
It goes along with mutually agreed standards, larkim "no dumping" as some put it.
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Jan 2020
4:39pm, 24 Jan 2020
10,165 posts
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larkim
Oh indeed. I'm not doubting we're in for a disaster of epic proportions. Just providing a touch of nuance!
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Jan 2020
4:46pm, 24 Jan 2020
15,817 posts
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Bazoaxe
Buy your euromillions tickets quick before we get excluded from that potential windfall.
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Jan 2020
4:55pm, 24 Jan 2020
264 posts
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Stander
There's one benefit already. Brexit helping to reduce gambling. Or at very least keeping the expenditure in the UK. |
Jan 2020
5:22pm, 24 Jan 2020
23,023 posts
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Johnny Blaze
From the CEPR: This paper studies how the depreciation of sterling following the Brexit referendum affected consumer prices in the United Kingdom. Our identification strategy uses input-output linkages to account for heterogeneity in exposure to import costs across product groups. We show that, after the referendum, inflation increased by more for product groups with higher import shares in consumer expenditure. This effect is driven by both direct consumption of imported goods and the use of imported inputs in domestic production. Our results are consistent with complete pass-through of import costs to consumer prices and imply an aggregate exchange rate pass-through of 0.29. We estimate the Brexit vote increased consumer prices by 2.9 percent, costing the average household £870 per year. The increase in the cost of living is evenly shared across the income distribution, but differs substantially across regions. |
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Jan 2020
5:33pm, 24 Jan 2020
23,024 posts
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Johnny Blaze
d1qq9lwf5ow8iz.cloudfront.net
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Jan 2020
5:38pm, 24 Jan 2020
8,363 posts
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simbil
Larks, I didn't say it is universally a good thing, it is specifically a good thing for us as we have a similar outlook and laws to continental Europe (making agreement on standards and other small compromises easier) and we have mutually important markets which makes it favorable for all concerned. The small compromises are apparently intolerable to some though, so here we are. |
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Jan 2020
7:57pm, 24 Jan 2020
6,201 posts
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jda
Or more explicitly, zero friction and impediments is a very bad thing when you want to have decent environmental and employment standards and a competing country with lower standards is threatening to destroy your native industry.
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Jan 2020
7:45am, 25 Jan 2020
684 posts
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Dave W
But this lot WANT us to be that country with lower standards. When, in the annals of history, have the Tories EVER done anything for the workers that they weren't forced to do? This is all about being able to lower standards without the EU stopping us. Workers rights will gradually be eroded. Future trade deals will require it. The US will insist on lesser environmental and food standards as the price for a deal. And access to the NHS for privatisation. No way will BoJo stand up to Trump. He's like a child playing with the big boys. I don't trust these right wing Tories at all. Nothing good will come of this. I hope I'm wrong and Stander is right, but I wouldn't bet on it. |
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