Good news - Sterling is dropping.

[Baronets]

This will make our exports more competitive, and provide an incentive for people to use home grown products again. Hopefully we will be out of the EU soon without any restrictive deals, and we can then focus on our main trading partners in the rest of the world.

It amuses me that everybody talks of a WTO exit as a "cliff edge". To fall off a cliff, you have to be led to the edge of the cliff, and the remainer government has been doing this for three years instead of planning for the bright new future. Fortunately many businesses have already planned for the new opportunities, and they just want to get on with growing their international trade.

[Naida_BR]

This is indeed a good thing for your exports and can bring growth to UK.
However, this may increase the inflation rate and if this increase if a high one, this will cause negative effects in the economy.

[KingScorpio]

This will make our exports more competitive, and provide an incentive for people to use home grown products again. Hopefully we will be out of the EU soon without any restrictive deals, and we can then focus on our main trading partners in the rest of the world.

It amuses me that everybody talks of a WTO exit as a "cliff edge". To fall off a cliff, you have to be led to the edge of the cliff, and the remainer government has been doing this for three years instead of planning for the bright new future. Fortunately many businesses have already planned for the new opportunities, and they just want to get on with growing their international trade.

you damn retard, the only thing you export is services and you have no trade deals, you have no skill to mass produce industrial goods and you lost your productive industry 60 years ago, pound dropping means you are becoming poor like eastern europe.

if you wanted to benefit from low labour cost british investors simply invested into poor countries, today they are becomin poor themselves

you have to beg for trade deals, you have lost your political alignment with continental europe, and there is no one interested buying crap from the hostile little island in the north

additionally you arent able to compete with german or japanese industrial output it was developed over 200 years.

[TheCoinGrabber]

What is the UK exporting anyway? I know it's a banking hub of sort but other than that, what else?

Even if its manufacturing is as strong as say, Germany, it's likely gonna get punished hard by the EU for leaving (to dissuade other members from doing the same). Manufacturing cheap stuff is out of the question, only China does that and it's unbeatable in that game.

[Naida_BR]

What is the UK exporting anyway? I know it's a banking hub of sort but other than that, what else?

Even if its manufacturing is as strong as say, Germany, it's likely gonna get punished hard by the EU for leaving (to dissuade other members from doing the same). Manufacturing cheap stuff is out of the question, only China does that and it's unbeatable in that game.

There are many factories in the UK, I don't know if the facilities will stay open after Brexit however.
I can't think of any native british product that it is exported around the world. But, if they are more competitive in the products that factories create, the production may increase resulting to more workforce employment.

[KingScorpio]

What is the UK exporting anyway? I know it's a banking hub of sort but other than that, what else?

Even if its manufacturing is as strong as say, Germany, it's likely gonna get punished hard by the EU for leaving (to dissuade other members from doing the same). Manufacturing cheap stuff is out of the question, only China does that and it's unbeatable in that game.

it exports services. the joke is that eu simply can ban them and them countless british companies will move to europe and pay taxes there even in the absurd tax region of germany where i live which acounts for 20% of the global tax literature.

[TheCoinGrabber]

snip

There are many factories in the UK, I don't know if the facilities will stay open after Brexit however.
I can't think of any native british product that it is exported around the world. But, if they are more competitive in the products that factories create, the production may increase resulting to more workforce employment.

That might be a problem. If they'd have a hard time selling their wares, then the domestic market should at least be able to absorb it. I asked the question coz I can't think of a UK export, like how Germany exports cars.

snip

it exports services. the joke is that eu simply can ban them and them countless british companies will move to europe and pay taxes there even in the absurd tax region of germany where i live which acounts for 20% of the global tax literature.

Hmmm, maybe the entire UK can become a tax haven instead?

[Jet Cash]

The UK has quite a few products that are world beaters. The Type 26 frigate is reputed to be the best in the world - better than the US and Russian equivalents.
https://www.savetheroyalnavy.org/good-news-for-the-royal-navy-and-uk-plc-type-26-frigate-design-wins-in-canada/

The problem is that the media doesn't seem to report the positives. I guess this is because the EU is petrified of losing the money that the Eton?Oxford elite politicians her pump into the EU. Just think how strong the UK economy would become again once it got rid of the EU leeches.

[jackg]

The UK is already the tax haven for the EU. Not only do we own a load of tax havens that they can use while we were in the EU, we als have lower corporation tax than a lot of the rest of the EU (1% of £1000000 may be a workers salery).


There are different types of people. The types of people who trust in the failing monetary system without any income may be quite badly affected. Most people here have strong disposable incomes and most hold shares in companies here so they'll still get a nice rate once we leave the EU.