What would really happen if the UK left the EU?

No1Doyen


Joined: 04/07/2008
Posts: 16617

Message Posted:
16/12/2011 19:03

http://uk.finance.yahoo.com/news/what-would-really-happen-if-the-uk-left-the-eu--.html





Are the fears real?



However, this talk of economic and political collapse smacks of fear-mongering when you parse the actual facts about the UK’s relationship with the EU.

We not only would save £4.6 billion a year, but UK trade might not be as damaged as some may think. Since the European Union and the UK are both members of the World Trade Organisation there would be a limit to the amount of tariffs we can apply to each other’s goods without violating the rules of the WTO.

Added to this the UK actually runs a trade deficit with the rest of the European Union to the tune of £3 billion. Europe sells us more goods than we sell to it, so our friends over the water need the UK to keep buying their goods (particularly Germany). Thus, high import tariffs for our goods could backfire.

rowlo



Joined: 12/10/2008
Posts: 4796

Message Posted:
16/12/2011 19:38

i think we left last week bill , so time will tell .

Erkin


Joined: 15/06/2011
Posts: 339

Message Posted:
16/12/2011 19:41

What about the effects it will have on the free movement then? if the UK withdraws from the E.U will the remainder of the E.U countries still allow Uk citizens to work or live in those countries?



It is not just about trade or how much we export or import.



I am sure that will please the Gc who would like to see the british homeowners out of Cyprus.



Also bare in mind that we can not export to E.U because of the strong pound against the E.U currently standing around 1.18Euro to the £.

ilovecyprus


Joined: 08/05/2007
Posts: 2880

Message Posted:
16/12/2011 19:41

msge 1



Interesting article Bill. Well found



Good points about time zone, trade deficit, WTO and our langauge

wynyardman



Joined: 15/12/2007
Posts: 4580

Message Posted:
16/12/2011 20:24

Not a lot I suspect. We will still buy Mercedes, Audis and Viokswagon, Porsches. but at substantially increased



prices Not having to pay our EEC dues to support inefficient industries, will help.



Too much media manipulation, in my humble opinion!



Alcohol sales will increase, no doubt.



wynyardman

ilovecyprus


Joined: 08/05/2007
Posts: 2880

Message Posted:
16/12/2011 20:35

msge 3



Its a good point you make. Its not just about the economy, it is also about freedom of movement



"I am sure that will please the Gc who would like to see the british homeowners out of Cyprus'.



I am sure they will be even more delighted if they moved to the North.



Anyway, Switzerland gets free trade and freedom of movement within the EU. As you would expect many more foreigners flock to Switzerland than the Swiss trying pastures new. Many Swiss are not happy with this at all.

Erkin


Joined: 15/06/2011
Posts: 339

Message Posted:
16/12/2011 20:54

Switzerland gets free trade and movement because it has been grant a special status since 2nd world war.



nothing to do with the E.U.

No1Doyen


Joined: 04/07/2008
Posts: 16617

Message Posted:
16/12/2011 21:01

Hints of Russian bailout money for Europe provided at least a temporary sense of calm in the financial markets.

ilovecyprus


Joined: 08/05/2007
Posts: 2880

Message Posted:
16/12/2011 21:12

Msge 7



Switzerland negotiated freedom of movement within the EU in 1994.

Turtle


Joined: 28/05/2007
Posts: 2669

Message Posted:
16/12/2011 21:16

Can you imagine if we did come out of the EU,...





France would really start to verbally abuse us

No1Doyen


Joined: 04/07/2008
Posts: 16617

Message Posted:
16/12/2011 21:21

Turtle. Only in French though. )

Clarissa2


Joined: 12/06/2009
Posts: 1476

Message Posted:
16/12/2011 21:23

Re: Msg 10,



You mean something in line with "cheese eating surrender monkeys"?

Turtle


Joined: 28/05/2007
Posts: 2669

Message Posted:
16/12/2011 21:31

http://www.youtube.com/watch?v=A8yjNbcKkNY&feature=fvsr

karakum5c



Joined: 18/03/2008
Posts: 1021

Message Posted:
16/12/2011 21:47

Britain is at its best when we stand alone !



Thats what makes us Great Britain !



The British people rise to the occassion when our back is against the wall !



At one time or other we have beaten most countries in the world, the french and germans more than once and they know it.

If need be we will do it again and they know it.

rowlo



Joined: 12/10/2008
Posts: 4796

Message Posted:
16/12/2011 21:57

msg14 , karakum , that's what scares them .

deputydawg


Joined: 30/03/2010
Posts: 1727

Message Posted:
16/12/2011 23:17

Not very scary at football though !

ilovecyprus


Joined: 08/05/2007
Posts: 2880

Message Posted:
17/12/2011 00:03

msge 16



You are right there deputydawg. Perhaps it is because we don't have a Great Britain team. Would be better then?

ilovecyprus


Joined: 08/05/2007
Posts: 2880

Message Posted:
17/12/2011 00:04

correction



would we be any better then?

bertieboss


Joined: 22/07/2011
Posts: 149

Message Posted:
17/12/2011 02:00

Message 12 & 14 it's morons like you who make me despair !

Groucho



Joined: 26/04/2008
Posts: 7993

Message Posted:
17/12/2011 08:10

Erkin "I am sure that will please the Gc who would like to see the british homeowners out of Cyprus."

Is that how it is in the south?

Obviously it has no bearing on the north as it is already not in by virtue of the suspension of the EU acquis.

walkerscott


Joined: 13/08/2009
Posts: 901

Message Posted:
17/12/2011 08:15

What would happen if ...

Not a lot! Technicalities would be changed and processed by the men in black suits but there would not be any noticeable change for the normal citizen or business.

Follow the Money in every crisis and through transparency you will soon see who benefits.

The Government, Banking System and Big Business Players are loathed to have transparency. It would be very interesting to see a simple breakdown of our debts, to whom and why and interest rates and whacere the monies end up including directorships and owners of the private banking organisation. It would lead to a far worse scandal than the MP's Expenses exposure!

walkerscott


Joined: 13/08/2009
Posts: 901

Message Posted:
17/12/2011 08:21

"These forces have transformed" financial institutions and other corporate predators "into instruments of a market tyranny that is extending its reach across the planet like a cancer, colonizing ever more of the planet's living spaces, destroying livelihoods, displacing people, rendering democratic institutions impotent, and feeding on life in an insatiable quest for money" and profits as a be and end all.



Only bottom line priorities and market dominance matter, not human welfare, environmental sanity, peace, equity and justice.

Transnational giants are the dominant institution of our time - especially financial ones with money power control of everything.

They decide who governs and how, who serves on courts, what laws are enacted, and whether or not wars are waged. Corporate dominance, especially financial power, and democratic values are incompatible.

http://www.informationclearinghouse.info/article30007.htm

walkerscott


Joined: 13/08/2009
Posts: 901

Message Posted:
17/12/2011 08:30

Merkel & Sarkosie's attempt is programmed to fail just like that of the USA:

Of course the heart of our economic problems is the Federal Reserve. The Federal Reserve is a perpetual debt machine, it has almost completely destroyed the value of the U.S. dollar and it has an absolutely nightmarish track record of incompetence. If the Federal Reserve system had never been created, the U.S. economy would be in far better shape. The federal government needs to shut down the Federal Reserve and start issuing currency that is not debt-based. That would be a very significant step toward restoring prosperity to America.

During 2011 we made a lot of progress in educating the American people about our economic problems, but we still have a long way to go.

Hopefully next year more Americans than ever will wake up, because 2012 is going to represent a huge turning point for this country.

http://www.informationclearinghouse.info/article30013.htm

kibsolar


Joined: 14/09/2008
Posts: 552

Message Posted:
17/12/2011 11:06

The UK may get sort of a similar status as switzerland. No doubt about it. But Suisse signed Tax treaties with Germany, US.... Will the UK do the same? Obviously not!?

Neither the UK nor Germany "pays" the net contributon to the EU.. eg, every day the UKs debts grow by 500 million Euro. The "contribution" is a 10days NEW debts only.

Look to msg 22/3.. very true..and.. who are these "markets", these "Transnational giants"? very easy.

1% of the richest UK citizens hold 40% of all wealth, (top 0,1% hold 25% = 5000 people only own a quarter of the UK)

The richest 10% hold 70%.

50% of the UK population have nothing, 20% (10 million) of all UK people live below the poverty line. (more or less same in the EU. World: the richest 10% own 85% of the world)

80% of all positions in the UK as "political leaders" and topmanagers are repesented by the richest 10%

I agree, "What would happen if ..."Not a lot!

They will try set us back even more anyway.

ilovecyprus


Joined: 08/05/2007
Posts: 2880

Message Posted:
17/12/2011 11:20

The two clearing house articles don't make very good reading. Private Fraser would say 'we are doomed'

kibsolar


Joined: 14/09/2008
Posts: 552

Message Posted:
17/12/2011 12:11

correction.. iam not a good accountant:

GB population approx 60 million,

the very top 0,0001% = 600 people only, hold approx 5% of the country

BBC, May 2011: "The rich are getting richer, with the combined wealth of Britain's richest 1,000 up 18% in the past year to £396billion" (average= 396 million per head).

the top 0,01% = 6000 people hold 15%,

0,1%= 60.000 people own 25% of the UK,

1%= 600.000 people own 40% of the UK,

10%= 6 million people own 70% of the UK (sum: 4 trillion Euro, public debts UK: 1,5 Trillion)

(ALL calculations approx)

30 million UK citizens have no assets, of which 10 million have only.. debts. and a mobile phone.

ilovecyprus


Joined: 08/05/2007
Posts: 2880

Message Posted:
17/12/2011 12:38

msge 26



At the same time the poor and middle class are considerably richer than they were 200 years ago.



'Changing into new clothes every few days or laundering them regularly was impossible. There was little sense in bathing if your shirt still carried last months stench." Bloom



Nevertheless, I agree the PEOPLE element needs to be firmly placed in to Capitalism. The system has to work for all the people not just the elite few. In any case, profit seems mostly about context. If my neighbour has a ten bedroom mansion then I need to get an eleven bedroom. Why? Do you really need an eleven bedroom.

kibsolar


Joined: 14/09/2008
Posts: 552

Message Posted:
17/12/2011 12:39

No, you are not "doomed".

most probably most of the writers here are one the 40% of the population who hold 30% of all assets, so you are a "just below average asset holder" (average approx 70.000 euro).

If UK left the EU, are YOU afraid that the UK soon will have a 40% with no assets, that poverty line may go up to 25%?

Or are you afraid of a politcal change?, that it might be "necessary" to take away some of the money of the very rich, but most probably only some of your money. "They", the 80% reps of the rich, play the game of fear with you.

walker suggested: "The federal government needs to shut down the Federal Reserve and start issuing currency that is not debt-based".

Thats a revolution which would change the world.