McNaughtyButNice wrote:Tony Blue Williams wrote:McNaughtyButNice wrote:
Steve
I think what went on before we became members of the Eu is irrelevant as it is a completely different world both economically, socially, politically and technologically. (Yes I am old enough to remember it too!)
I also agree that when we voted "in" this wsa to the "common market" and not all of the E legislation we have now.
What I would like to see is an agreement where we are still in a "common market" with a level playing field, but not under the legal jurisdictionof the Eu. Happy to tae the result of the referendum vote and do not believe we need another vote, but there has to be a trade deal in place otherwiase everyone will suffer both in the UK and on the remaining Eu member states. I believe that "No deal" is a bad deal for everyone.
1975 is not irrelevant at all. As stated we joined a trading block back then not a political union. We were denied referendums over both the Maastricht Treaty and Lisbon Treaty which changed the face of our membership of the EU forever and the result was nothing like what we signed up to in 1975.
We won't get a decent trade deal because the EU is hell bent on punishing us to stop other nations from leaving the EU. The only way to get anything out of the EU is to call their bluff and go for a no deal.
I totally accept that we joined a trading block back in 1975 and not a political union, as I said when we voted "in" this was to the "common market" and not all of the EU legislation we have now."
I'm saying that the economic situation prior to us joining the Eu cannot be used as any kind of a frame of reference for what a "no deal" situation may look like as those were vastly different times.
If you want to play poker with the economy then you risk losing everythign with your proposed "all in" of a no deal.
No deal is very likely to be a bad scenario for everyone, especially small businesses and the working class who will end up paying higher prices for everything they purchase and increased taxation both direct and indirect.
The pound has lost 18 pence against the Euro since the referendum vote and as we head towards a no deal situation (which is what the EU are preparing for) most economists don't see it improving. You can expect another 10% to be wiped of the exchange rate the day Brexit finally happens, and that can only mean an increase in the cost of living though of course it is beneficial to our exporters. Just a shame that our imports outweigh our exports by a factor of 4:1
The pound hasnt lost 18 percent where have you got that infomation from ?