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Brexit revisited: Could it be good for the British economy?

Cpt. Rishwat

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Read an interesting article this morning about how new technologies might actually support more localised economies rather than the mass production of goods abroad. Anyone think there is anything in this? It would make international branding even more important I would have thought.

https://www.thetimes.co.uk/edition/comment/brexit-may-be-just-what-british-trade-needs-pqlhw9ltc

For the past three decades, the overarching trend in commerce has been the development of vast supply chains. These days a phone or plane that was once made in a single factory is instead assembled from parts that have literally traversed the world. In 1995 the components in the average new aircraft had travelled a grand total of 1,559km before they became part of the finished product. By 2011 the length of the supply chain had increased to 2,453km.

The assumption had been that these internal trade flows would only lengthen and multiply in the coming years. In such circumstances, Brexit would look economically suicidal. Given Britain is smack bang in the middle of these supply chains, why rupture itself from the frictionless trade zone it inhabits?

But some economists now believe we are on the brink of a new shift: that thanks to novel manufacturing techniques, businesses may increasingly reshore production. Adidas’s new “speedfactory” in the Bavarian town of Ansbach is an intriguing example. Where once the company would spend months developing a trainer before churning out tens of thousands in their Asian factories, the speedfactory uses robotics and 3D printing to produce small numbers, customised for local territories.

Might this mark the end of mass production and the beginning of a new era of mass customisation? What if we can produce most manufactured goods locally? What if, to take it to the extreme, we might one day be able to 3D-print our own trainers at home, simply paying Adidas for the software template?
 
What does 3D printing have to do with Brexit? I fail to see the link or understand the argument the writer is trying to make. It is coming regardless of whether the UK stays in the EU or not and will change manufacturing and production as we know it.

In fact, if he is an advocate for new, innovative manufacturing techniques such as 3D printing then surely he would argue for the perseverance of R&D links across Europe so that Britain has access to the latest know-how and processes developed in Germany, for example, as well as crucial EU funding for British universities and other research organisations.
 
What does 3D printing have to do with Brexit? I fail to see the link or understand the argument the writer is trying to make. It is coming regardless of whether the UK stays in the EU or not and will change manufacturing and production as we know it.

In fact, if he is an advocate for new, innovative manufacturing techniques such as 3D printing then surely he would argue for the perseverance of R&D links across Europe so that Britain has access to the latest know-how and processes developed in Germany, for example, as well as crucial EU funding for British universities and other research organisations.

The argument would be that Britain has always paid more in than it has received from EU, although how much of that is true I am not sure. I suppose we could forge new R&D links with other countries outside the EU to compensate for the loss of co-operation with Europe.
 
The argument would be that Britain has always paid more in than it has received from EU, although how much of that is true I am not sure. I suppose we could forge new R&D links with other countries outside the EU to compensate for the loss of co-operation with Europe.

That is a fair argument. According to me personally, the biggest benefit to potentially come out of Brexit, should Britain be able to successfully exploit it, is having to 'look beyond Europe' and in particular rekindle the special relationship with the US, as well as forging new ties with high-growth developing economies in Asia and Africa to replace the existing ones in Europe, where economic growth is anemic and productivity has stagnated. But this is easier said than done and Britain will definitely be on the back foot when it comes to these negotiations as Britain does not have much to offer to the world in this day and age as far as technology is concerned, in my opinion.

Even the finance and insurance sectors on which Britain is over-reliant is about to be drastically reshaped with the advent of FinTech.
 
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Read an interesting article this morning about how new technologies might actually support more localised economies rather than the mass production of goods abroad. Anyone think there is anything in this? It would make international branding even more important I would have thought.
The journalist sounds just like that - a journalist, with little idea of the difference between mass market products (eg those sold in large numbers off the shelves in large supermarket chains) and tailer made and/or niche products with low turnover per item. Furthermore, it's not just the final finished article but also the myriad of suppliers in the supply chain. To "produce locally" in the manner suggested in the article, there still needs to be parts and components suppliers. Sounds as if the journalist thinks every village and neighbourhood will eventually have their own tailer, cobbler, carpenter and shoemaker.
 
That is a fair argument. According to me personally, the biggest benefit to potentially come out of Brexit, should Britain be able to successfully exploit it, is having to 'look beyond Europe' and in particular rekindle the special relationship with the US, as well as forging new ties with high-growth developing economies in Asia and Africa to replace the existing ones in Europe, where economic growth is anemic and productivity has stagnated. But this is easier said than done and Britain will definitely be on the back foot when it comes to these negotiations as Britain does not have much to offer to the world in this day and age as far as technology is concerned, in my opinion.

Even the finance and insurance sectors on which Britain is over-reliant is about to be drastically reshaped with the advent of FinTech.
This is the single biggest fake argument presented by Brexiteers.

Do Brexiteers not know that, in most cases, the EU already has, or is in the process of negotiating, trade deals with all these "beyond Europe" countries?

The USA and the EU have been negotiating The Transatlantic Trade and Investment Partnership (TTIP)
for many years. Do Brexiteers believe that the UK will suddenly get a better deal out of the USA than the one the whole of the EU (UK included) have been negotiating with the USA for years?

The only reason other non-EU countries want to do a deal with the UK on it's own is that they think they can a "better" deal out of the UK alone than the one they can get out of the EU (UK included). ie a variation of the "divide and rule". Put simply, a "better deal" for them (non-EU countries) means "not as good" for the UK.
 
The writer seems like someone who has very minuscule knowledge of 3d printing...
 
The Brexiteer delusions never seem to cease. Why will the EU offer Britain more favourable terms outside the single market than those of existing membership ? Why will the EU create a bespoke arrangement for Britain ?

There are three options available to us:

1) WTO rules which would be an act of economic self-immolation.

2) An EEA/EFTA arrangement - an off-the-shelf solution if you want a speedy resolution to this mess without major interruption to trading ties. However May has boxed herself into a corner by making unrealistic promises such as ending jurisdiction of the ECJ and ruling out a Norway-style arrangement.

3) A lousy, Canadian-style FTA which would be wholly inadequate for our trade in goods and services. Trade in food is restricted by quotas and phytosanitary controls. There is also no additional access to the single market for financial services based in Canada.
 
The journalist sounds just like that - a journalist, with little idea of the difference between mass market products (eg those sold in large numbers off the shelves in large supermarket chains) and tailer made and/or niche products with low turnover per item. Furthermore, it's not just the final finished article but also the myriad of suppliers in the supply chain. To "produce locally" in the manner suggested in the article, there still needs to be parts and components suppliers. Sounds as if the journalist thinks every village and neighbourhood will eventually have their own tailer, cobbler, carpenter and shoemaker.

It's what has been referred to as the Little Englander syndrome. There's probably a version of this in every country, and it's the heartbeat of the Brexit vote basically. Where British people are wistfully wishing they could turn back time to an era where everything was conceived, manufactured and sold within the UK. I wonder if people really understand what that Britain really looked like?
 
Importers of food from the EU into Britain have said newly introduced post-Brexit checks could increase their costs by up to 60%, pushing up prices for customers and driving some shops out of business.

After five previous delays, the UK government on Tuesday introduced the physical checks on animal and plant products entering from the EU, having revealed at the start of this month that it would be implementing a common user charge (CUC) of up to £145 per consignment.

However, importers and haulage companies have criticised the lack of clarity over what was meant by a “consignment”, with many assuming that the cap applied per lorry. In fact, vehicles with a wide variety of products from different locations could be forced to pay many multiples of £145.

Haulage companies carrying meat and dairy products from Poland and other eastern European countries said the new charges mean they will now have to pay hundreds of pounds for each lorry, adding significant costs to operations.

While the government has scaled down the number of inspections to avoid disruption, meaning queues at the border did not materialise on Tuesday, most lorries bringing food and plants from the continent through Dover and the Channel tunnel still face having to pay the CUC.

One of the biggest importers of eastern European goods to the UK, sending more than 70 lorries every week and supplying 1,000 businesses, said the government needed to be clearer on what a consignment meant and to alert companies that they were facing costs much higher than £145.

The company, which preferred not be named, said some of its trucks would now have to pay £1,500 (€1,750) extra to cover the costs, an increase of about 60% on the €3,000 it usually costs to transport goods to the UK.

Adriana Zalewska, from the small importer Kin Global Distribution, said its lorries could often carry shipments with several types of meat, dairy and other fresh produce, with the new fees adding upwards of £1,300 a shipment.

She said: “This means that food prices in the UK will have to rise, as costs will be passed through the supply chains. We are concerned this will directly and immediately hit small businesses, such as shops, local distributors and import businesses, forcing them out of the market.”

Piotr Liczycki, the managing director of the Polish company Eljot Transport, which sends 2,000 lorries to the UK each year, said it was now expecting to pay between £300 and £2,000 more for each lorry, which could add between £1m and £1.5m to operational costs this year.

Businesses had already criticised the fact that details of the CUC were released by the government only at the start of April, just weeks before the checks were due to come in.

Under the rules, the £145 cap on checking fees applies for each consignment that has a common health entry document (Ched) attached. On a lorry with a mixed load of products from different suppliers, a Ched is required for each type of product – for example poultry. Sometimes extra Cheds are issued at different loading locations.

This means lorries with a wide variety of products from different locations, such as one carrying beef, milk and eggs, will be forced to pay multiples of £145.

The CUC is being levied on goods coming in through the Port of Dover and the Channel tunnel to cover the cost of checks and operations for the only government-run border control facility at Sevington, in Kent.

The post-Brexit checks also came in at other ports across the country on Tuesday, which have privately run border control posts that will set their own charges for importers.

While these checks are light-touch and focused on the highest-risk products, the government has promised to scale them up in a “sensible and controlled way”.

Michael Szydlo, the co-founder and chief executive of the food industry customs agency Quick Declare, said that in some cases loads had incurred CUC fees of £3,000.

He has written to the Department for Environment, Food and Rural Affairs urging it to reduce the costs for imports, arguing they could cause permanent damage to food supply chains.

A government spokesperson said: “These border checks are fundamental to protecting the UK’s food supply chain, farmers and natural environment against costly diseases reaching our shores.

“Their cost is negligible compared to the impact of a major disease outbreak, such as foot and mouth disease in 2001, which cost businesses and our wider economy more than £12.8bn in 2022 prices.

“We will continue to work with and support businesses throughout this process to maintain the smooth flow of imported goods.”


Importers of food from the EU into Britain have said newly introduced post-Brexit checks could increase their costs by up to 60%, pushing up prices for customers and driving some shops out of business.
 
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The current British political class do not have the intelligence or capability to take advantage of any benefits that Brexit brings with it. Right now the country is led by a banker with very little political or real social wisdom, and is more busy trying to tame the political infighting within his own party. Preceding him was (excuse my french) a really thick blonde, who had no right or brains to be a Lollipop lady let alone the PM of a nation. The BoE is being led by a tool who was given the top job after miserably failing in his previous posting. A chancellor who is about as innovative as a hammer.

The decline of the nation started right from the top, ie. Westminster!
 
It's not hindsight for most of us.
I understand but sometimes change can work better than we think brexit didnt but maybe this will make the Brits realise they need an integrated European economy due to services and being in GMT being their only strengths.
 
The current British political class do not have the intelligence or capability to take advantage of any benefits that Brexit brings with it. Right now the country is led by a banker with very little political or real social wisdom, and is more busy trying to tame the political infighting within his own party. Preceding him was (excuse my french) a really thick blonde, who had no right or brains to be a Lollipop lady let alone the PM of a nation. The BoE is being led by a tool who was given the top job after miserably failing in his previous posting. A chancellor who is about as innovative as a hammer.

The decline of the nation started right from the top, ie. Westminster!
Usually the decline is always from the bottom, started during the 1970s.
Still has the top colleges of the world but no incentive for people to research, extremely bad laws for small scale businesses.

UK wants the work culture of Netherlands, Germany without the IQ and clarity of thought they have.
 
The current British political class do not have the intelligence or capability to take advantage of any benefits that Brexit brings with it. Right now the country is led by a banker with very little political or real social wisdom, and is more busy trying to tame the political infighting within his own party. Preceding him was (excuse my french) a really thick blonde, who had no right or brains to be a Lollipop lady let alone the PM of a nation. The BoE is being led by a tool who was given the top job after miserably failing in his previous posting. A chancellor who is about as innovative as a hammer.

The decline of the nation started right from the top, ie. Westminster!
Can you mention thre top 5 benefits that brexit brought with it?
 
There are still way too many Indians without a Visa, a lot of them working in Chippy’s owned by Pakistani’s.

Brexit didn’t work perhaps.
 
Meh, the only one who are struggling post Brexit are the ones drowning in debt.

The Remainers will try an pin high interest rates on inflation caused by Brexit but stop dead when trying to explain why rates went up in the entire Western hemisphere at the same time as they did in the UK.

Germany the so called powerhouse of the EU is in a recession. Let this sink in.


So glad UK left the wretched fascist ideology - the EU.
 
There are still way too many Indians without a Visa, a lot of them working in Chippy’s owned by Pakistani’s.

Brexit didn’t work perhaps.
Good on you on checking their visas.

So in your view, was brexit a good thing or a bad thing?
 
Remainers supported a racist immigration policy which allowed EU citizens to walk free into the UK and cause havoc and create economic imbalances, but fully supported top down checks of non-EU citizens. These are the same lot who fight for human rights in one hand, and in the other support discrimination.

Brexit now ensures every person whether from the EU or non-EU is subjected to the same immigration processes but poor ickle Remainers want to rejoin the EU to reduce the time in an immigration queue.

On the flip side the FTSE100 is now in all time record breaking territory! Ker Ching!
 
I was under the impression brexit was about Muslim migrant according to farage.
 
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I told you, Remainers stop dead of explaining why they support a fascist and racist union. Still stuck in the dark ages of the Guardian scare stories with James O'Brien.

Planes have not fallen out of the sky!
UK is still in NATO!
Buildings have not collapsed.

Reality:

FTSE 100 record high.
UK economy growing faster than EU.
Economy/Wages balancing.
Higher yields on investments.
Agriculture produce on the up
Supporting local businesses on the up

Brexit has been fantastic thus far! Long may it continue but it will take a decade to get rid of damage caused by the racist filth that is the EU.

🇬🇧
 
Can you mention thre top 5 benefits that brexit brought with it?
Having independent decision making prowess rather than fall under EU policies, control migration, create new trade deals with growing economies, not being weighed down by EU debt issues and economic stagnation, lose industries to younger/more competitive EU countries, free from stringent environment laws.....

By the way none of this happened. Brexit brought with it all the disadvantages and Westminster haven't made progress with any of the advantages. There was never really a post Brexit plan because it wasn't supposed to happen. The politicians screwed up big time, or they simply were never competent enough in the first place.

Finally the current crisis is a result of decades of loose fiscal policies, ie. artificially low interest rates, money printing etc... creating a nation of debt junkies and inflated asset values (eg. housing price bubble). Brexit is only a convenient scapegoat.

British folk need to drill this into their skulls, 0.5% interest is NOT NORMAL, what we have now are normal interest rates.
 
Having independent decision making prowess rather than fall under EU policies, control migration, create new trade deals with growing economies, not being weighed down by EU debt issues and economic stagnation, lose industries to younger/more competitive EU countries, free from stringent environment laws.....

By the way none of this happened. Brexit brought with it all the disadvantages and Westminster haven't made progress with any of the advantages. There was never really a post Brexit plan because it wasn't supposed to happen. The politicians screwed up big time, or they simply were never competent enough in the first place.
So take back control…..

Name 5 eu laws you like to get rid off
Finally the current crisis is a result of decades of loose fiscal policies, ie. artificially low interest rates, money printing etc... creating a nation of debt junkies and inflated asset values (eg. housing price bubble). Brexit is only a convenient scapegoat.
So no true Scotsman
British folk need to drill this into their skulls, 0.5% interest is NOT NORMAL, what we have now are normal interest rates.
Who defines normal?
 
Having independent decision making prowess rather than fall under EU policies, control migration, create new trade deals with growing economies, not being weighed down by EU debt issues and economic stagnation, lose industries to younger/more competitive EU countries, free from stringent environment laws.....

By the way none of this happened. Brexit brought with it all the disadvantages and Westminster haven't made progress with any of the advantages. There was never really a post Brexit plan because it wasn't supposed to happen. The politicians screwed up big time, or they simply were never competent enough in the first place.

Finally the current crisis is a result of decades of loose fiscal policies, ie. artificially low interest rates, money printing etc... creating a nation of debt junkies and inflated asset values (eg. housing price bubble). Brexit is only a convenient scapegoat.

British folk need to drill this into their skulls, 0.5% interest is NOT NORMAL, what we have now are normal interest rates.
Remainers have not listed any benefits of staying in the EU. There aren't any other than no immigration queues. All economic benefits were proven to be a myth. All the scare stories ended up being xmas cracker jokes.

Remainers are fixated with lefty sound bites and don't realise the UK can now set VAT at will without notifying the EU. Just one example of how UK has benefited from Brexit.

As you said, decades of loose fiscal policy just to appease the EU is now coming home to roost.

Poor ickle Remainers thinking debt is wealth.
 
taking back control....


Post-Brexit Food Checks Will Be ‘Light-Touch,’ UK Minister Says

“We’re trying to cut down the amount of red tape and bureaucracy and so we’re continually trying to make sure we have a light touch,” UK Exports Minister Malcolm Offord told Bloomberg’s UK politics podcast on Tuesday. “This is why it’s been revised for the benefit of our companies.”
 
When is the next EU referendum? Was it best of 3 or 5? 🤣

The best part of Brexit is that it exposed the looney left and with it the enemies of democracy.

Totally worth it.

If Remainers love the EU so much, and feel the UK economy is done for, then leave this country and go settle in Eastern Europe near the Polish/Ukrainian border.
 
My pension pot is up 20% this year alone plus the FTSE is in record territory 83xx.

The Brexit dividend!

Ker ching!
 
UK bans EU cheese and meat to stop disease spreading
The UK government has brought in a temporary ban on holidaymakers bringing in cheese and meat products from the EU in a bid to prevent the spread of foot and mouth disease (FMD).

Travellers have not been allowed to bring back items such as cured meat and cheese, including in sandwiches, since Saturday due to the growing outbreak on the continent.

The restrictions apply regardless of whether the goods are packed or packaged, or bought from duty free.

It follows an earlier ban of similar products from Germany, Hungary, Slovakia and Austria after rising cases of the cattle disease in those countries.

FMD is a highly infectious virus that causes blisters inside an animal's mouth and under their hooves, and can cause lameness and problems feeding.

It causes no risk to humans and there are currently no cases of foot-and-mouth disease in the UK.

Any products of animal origin, like meat and dairy, could potentially be contaminated with FMD.

There are concerns that if contaminated products enter the UK, even if they are designed for human consumption, there is a chance that they could be consumed by animals - for instance if they are thrown away in a way that could come into contact with foraging wildlife or domestic livestock.

The restrictions apply to people arriving in Great Britain, not Northern Ireland, Jersey, Guernsey, or the Isle of Man.

Products will be seized and destroyed if people try to bring them in, and in "serious cases" people could be fined up to £5,000.

The list of restricted products includes:
  1. pork
  2. beef
  3. lamb
  4. mutton
  5. goat
  6. venison
  7. other products made from these meats, for example sausages
  8. milk and dairy products like butter, cheese and yoghurt
People can bring up to 2kg per person of powdered infant milk, infant food, or special food needed for medical reasons.

In 2001, an outbreak of FMD in the UK led to the culling of millions of animals. Although there were only 2,000 confirmed cases, more than six million sheep, cattle and pigs were slaughtered.

This is because each of those cases meant a farm having all of its livestock killed and burned.

The last outbreak of FMD in the UK was in 2007, although this was much smaller with only eight infected premises concentrated in one small area of the country.

Tom Bradshaw, the president of the National Farmers Union (NFU), said the government had been quick to bring in the initial ban and the NFU was glad it was now being extended.

"While the FMD source remains unidentified in parts of Europe, stricter border controls are essential," he said.

"It's imperative we have a comprehensive cross-government biosecurity plan with the necessary investment behind it, and which would place these restrictions on a permanent legislative footing."

The Guild of Fine Food, which represents independent food and drink retailers, said the ban on "holiday treats" had been "hurried", but added it brought UK government policy for holidaymakers more in line with restrictions already placed on small businesses.

"The food and drink industry absolutely supports the fact that we must protect our farmers and that biosecurity is paramount," said John Farrand, managing director of the Guild of Fine Food.

However, he said that "bureaucracy" brought in after Brexit had added "significant constraints" for small food and drink importers and exporters.

Source: https://www.bbc.com/news/articles/cx2vpp8zzd7o
 
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