View Single Post
Posts: 207 | Thanked: 552 times | Joined on Jul 2011
#10
Originally Posted by pichlo
Oranges are oranges.
And oranges are a fine example of how the EU's tariff schedule was not appropriate for the UK, why would the UK want a 16% tariff on oranges?



Originally Posted by pichlo
Of course the EU is protectionist.
Cool, I'm glad you've accepted that point. Not all Brexit voters are free marketeers, many share your protectionist viewpoint and want to protect the UK market from the EU to redress the massive trade deficit.



Originally Posted by pichlo
It did not erect any new barriers,
UK joining the EEC (as it was then) erected a trade barrier between UK and its greatest allies - Australia, Canada and New Zealand putting a trade barrier between them and their biggest export market (at the time).



Originally Posted by pichlo
A model so successful it has been replicated many times around the world.
It hasn't been replicated anywhere. In fact the repeated claim it's the "biggest single market in the world" is a play on that, designed to mislead without being a direct lie. It's certainly not the biggest trade bloc in the world.

Now the UK has left the EU should it join CPTPP, as HMG has suggested it would like to do, CPTPP will be larger than the EU's single market however CPTPP will still not be a "single market".



Originally Posted by pichlo
A model the UK had benefited from HUGELY, rising from "the sick man of Europe" to the 5th richest country in the world.
Initially when UK joined things got worse not better. The marked improvement in the UK's economy was really due to Thatcher's reforms in the eighties.



Originally Posted by pichlo
(Note that we have dropped down that rank after the Brexit vote. Depending on what measure you apply, we are now between 7th and 11th.)
The world won't stand still, within the next decade swathes of the car industry (so important to Germany) will be wiped out by TaaS and London's Financial Services could suffer a similar fate from DeFi. Don't imagine desperately clinging to the Status Quo makes you safe. Sometimes you need to temporarily go backwards in order to change to a better course for the future.



Originally Posted by pichlo
Yes, it is money going to the treasury. But where from?
As I stated above the UK has a massive trade deficit with the EU, torrents of money flooding out, only a trickle coming back. If you look at the UK's trade balance with the RoW it's clear we're not adding value and selling it on either. So where's that money coming from?



Originally Posted by pichlo
I have tried to explain what a membership of the Single Market means to an individual business such as Jolla and what consequences the choice of a country to leave the Single Market might have.
From Jolla's wiki:
On 25 July 2014 Jolla opened the first Jolla store in Kazakhstan in association with Mobile Invest.
On 12 August 2014 Jolla was launched in Hong Kong in a partnership with 3 Hong Kong.
In September 2014, Jolla launched in India on e-retailer Snapdeal.
In November 2014, Jolla launched in Russia.

As I understand it the only place Jolla has gained any traction is with the Russian government who don't want an American OS.

Jolla would enthusiastically embrace any market that would pay them some attention.
 

The Following 2 Users Say Thank You to switch-hitter For This Useful Post: