BREXIT - Is This Really Still Rumbling On? 😴
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The 1% figure is calculated from the actual output of greenhouse gases from each country, but we are huge consumers of product that is manufactured and shipped from other parts of the world, so in truth our impact on global warming is way higher than this figure would suggest. Of course this applies to the whole of the western world to a greater or lesser extent. If we are going to make a significant impact on the production of greenhouse gases we need to reduce consumption significantly, but of course this will never happen, capitalism needs growth and growth means more consumption. Who is going to vote for a reduction in living standards?
We're all doomed, doomed I tell you.
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Misses the bit about how the rest of the world exports have increased due to the Rotterdam effect. Brexit must have reduced exports to the EU, but I'm not sure what is to be gained by presenting an over the top picture.
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Non-EU exports have also dropped off
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That's for good and not services. I think a lot of other countries are struggling too.
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A quick Google shows that 56% of UK exports are services. It's amazing what you can do with selective use of the figures.
"I spent most of my money on birds, booze and fast cars: the rest of it I just squandered." [George Best]0 -
No-one's disputing that, but that doesn't excuse letting 'making stuff' wither on the vine, unless people are cool with importing all the actual 'stuff' that we need, and not exporting UK stuff that other people might like were it not for the barriers we've chosen to re-erect. There was a reason that Thatcher was an architect of the Single Market.
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It doesn't matter whether we earn revenues from goods or services, £1 of services exports is worth as much as £1 of good exports and the UK economy is biased towards services.
In any event, looks like good exports to both EU amd non EU destinations is down in recent years, so as usual worth saying that there are other factors at play and Brexit isn't the only issue. As is often the case.
"I spent most of my money on birds, booze and fast cars: the rest of it I just squandered." [George Best]0 -
A more balanced economy would be beneficial. Exporting goods is adventageous for the country. Whatever the reason behind the decline it needs to be addressed.
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Should we scrap emails and go back to writing letters?
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Obviously not. We are still more then capable of exporting physical product though. My SME was building a nice client base on the continent. The imposition of paperwork and duty has all but finished off our exports to mainland Europe. I'm sure there are many, many more SME's in the same boat as me.
I'm glad that the services industry has proved more resilient. That's beneficial for all. Helping exporters of physical product would also be benficial, would you not agree?
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The Windsor Framework – Sending goods from Great Britain to Northern Ireland
As a result of the Windsor Framework, changes must be made to continue to send goods from Great Britain to Northern Ireland from 31 March 2025. If you are not sending goods from Great Britain to Northern Ireland then no changes are required.
The Windsor Framework
The Windsor Framework is an agreement between the UK and the EU amending the Northern Ireland Protocol and the legal instruments which sit beneath it, including, but not limited to, statutory guidance, which comes into effect from 31 March 2025. We would encourage customers to familiarise themselves with the requirements for moving parcels under the Windsor Framework. The guidance can be found here
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Goods description, confirmation of goods categorisation by item (optional), weight (by item), value (by item), country of origin.
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Exporter/sender details (inc. EORI), importer/receiver details (inc. EORI), value (total, not by item), country of origin, gross mass, goods description, confirmation of goods categorisation by item (optional), UKIMS number.
Business to Business (B2B - value of goods £135 or less)
Exporter/sender details (inc. EORI), importer/receiver details (inc. EORI), value (total, not by item), country of origin, gross mass, goods description, confirmation of goods categorisation by item (mandatory), UKIMS number (optional).
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The gift that keeps on giving!!!
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You think a 56/44 split of services and good exports is unbalanced?
"I spent most of my money on birds, booze and fast cars: the rest of it I just squandered." [George Best]0 -
It was a poorly worded response by myself. My point is that the decline in exports of physical product is detrimental to the country and needs to be addressed as a matter of urgency. SME’s have been hammered since Brexit.
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As above, who cares whether our exports are goods or services. Both are equally valuable. And plenty of opportunity in the 87% or so of the world economy outside of the low growth EU.
"I spent most of my money on birds, booze and fast cars: the rest of it I just squandered." [George Best]0 -
Here's Peter Kellner
Oh, sorry, mentioning this is the equivalent of a coup, apparently.
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That's just one to yawn at.
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£100bn maybe boring, but Kellner is making the point that £100bn is such a big number that explaining the actual practical consequences makes it less boring. Shutting one's eyes to the consequences won't make these barriers to trade go away.
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It's boring because it has been discussed to death and depends on the counterfactual case chosen. The UK's economy has ticked along much like the rest of Europe, so it's really hard to imagine that being in the EU would have meant 4-5% extra growth right now. Furthermore, the original source for the 4% was based on 2030 and around half of it was based on population growth. I think it is broadly the equivalent of £350m a week except people have stopped going on about that.
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Well, perhaps in that case, it illustrates why Kellner uses real-life examples of trade in specific goods being made far more cumbersome, if the £100bn is a going to be disputed figure (or ignored). It seems to be a strange argument to retain such friction unless the friction can be demonstrated to permit a concrete gain elsewhere that more than offsets the drop in trade because of the friction.
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Just goes to show that numbers are like people: they'll tell you whatever you want if you torture them enough.
"I spent most of my money on birds, booze and fast cars: the rest of it I just squandered." [George Best]0 -
I cant accept that being outside of the SM & CU is costing us any where near £100 billion a year
It seems a nonsense figure.
“New York has the haircuts, London has the trousers, but Belfast has the reason!0 -
Well now
“New York has the haircuts, London has the trousers, but Belfast has the reason!0 -
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What's the connection with Brexit?
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Russian funding of Arron Banks and thus Farage etc, as well as troll factories getting involved in social media on he subject. Putin's cheap way of destabilising the Western alliances. An excellent investment on his part, as no weapons or bodies are evident. Obviously the bigger prize was hoping that the EU would fall as a result, which was an aim of Farage, 'coincidentally'.
Even if you think that's all conspiracy theory stuff, it would be hard to argue with the observation that Putin would still love the EU to fail (especially now he's got Trump & Musk onside), and that Brexit has been beneficial to his goal of destabilising Western alliances.
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I don't remember them being noisy in the first place. Do I hear the sound of the 'we told you so' barrel being scraped again?
"I spent most of my money on birds, booze and fast cars: the rest of it I just squandered." [George Best]0 -
