Brexit and cost of bikes

alan_sherman
alan_sherman Posts: 1,157
edited June 2016 in The cake stop
If we vote to leave will the cost of bikes fall? I recall there being an EU anti dumping tariff on bikes, so if that is still in place would the UK allow free bike trade with China?
Will (can?) The cost of campag go up?

Comments

  • joelsim
    joelsim Posts: 7,552
    Likely that the cost of all imports would go up as the pound crashes through the floor.
  • fenix
    fenix Posts: 5,437
    I'd expect the cost of bikes to go up. Certainly from Europe.

    Also it'll be hard to buy them as my Global employer would start to shift jobs into the EU as why would he pay a penalty to produce in the UK. So I'll have no wages.
  • Stevo_666
    Stevo_666 Posts: 61,809
    Depends on a few things, although the import tariffs won't change until around 2018 as we need to serve notice on the EU and there is a 'notice period' of 2 years. After that, tariffs depend on what is negotiated with the EU in the 2 year window. I think the duties on bikes from outside the EU are 14% for bikes and 4.7% for parts.

    The exchange rate effect will probably be more immediate, although some of that is already priced into the exchange rate and we don't know what exactly will happen in the FX markets. Also we are now at £/€ rate of 1.30 and back in 2009 it was down around 1.10 so we've been there before.
    "I spent most of my money on birds, booze and fast cars: the rest of it I just squandered." [George Best]
  • cycleclinic
    cycleclinic Posts: 6,865
    notice how 105 groupset prices on merlin are £309 now. They were £300 a few months ago. Prices will go up. Trade prices for all goods are going up at the moment. If we brexit they probably will go up further.
    http://www.thecycleclinic.co.uk -wheel building and other stuff.
  • joelsim
    joelsim Posts: 7,552
    This bloke, love him or loathe him, is very rarely wrong.

    http://www.theguardian.com/commentisfre ... orge-soros

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