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Originally Posted by local
I don't know who helped but you think having a greater number of suppliers of oranges all competing for sales will lead to,
wages going up ?
inflation going up ?
and mortgages to ?
makes me suspect you didn't look for the sharpest pencil in the box.
There is also the variable that people might just go and eat other fruits.
Methinks you didn't get very good help.
You'll be glad to hear that the UK's interim tariff schedule allows oranges from any country to enter the UK duty free. Fresh or dried bananas, on the other hand, will attract a tariff of £101 per tonne (same as the EU tariff)
On the veggie front, stay away from fresh or chilled green beans. You'll be paying an effective ad valorem rate of 11% on them. I'm guessing that British farmers need tariffs to protect their own market share. That's bound to happen post Brexit.
The interim tariffs are just that, interim. When the effects on the economy of allowing around 90% of goods to enter Britain tariff free, they will be reevaluated and revised. Until that point, May estimated within 12 months, it's impossible to make an accurate assessment of the consequences.
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Originally Posted by seivad
You'll be glad to hear that the UK's interim tariff schedule allows oranges from any country to enter the UK duty free. Fresh or dried bananas, on the other hand, will attract a tariff of £101 per tonne (same as the EU tariff)
On the veggie front, stay away from fresh or chilled green beans. You'll be paying an effective ad valorem rate of 11% on them. I'm guessing that British farmers need tariffs to protect their own market share. That's bound to happen post Brexit.
The interim tariffs are just that, interim. When the effects on the economy of allowing around 90% of goods to enter Britain tariff free, they will be reevaluated and revised. Until that point, May estimated within 12 months, it's impossible to make an accurate assessment of the consequences.
Our resident economist has worked out that we are all doomed just with the oranges so the packets of green beans we get from Kenya will only be available on the black market .
As with all these things get the politicians out of the way.
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Originally Posted by local
Our resident economist has worked out that we are all doomed just with the oranges so the packets of green beans we get from Kenya will only be available on the black market .
As with all these things get the politicians out of the way.
If I were you I would reserve sneering until you actually leave without a deal. Until that time you can't possibly ascertain what the short or long term consequences will be.
I say without a deal, as I believe that with a withdrawal deal and a sheltered transition period, the road will be far less bumpy. And I'm sure that's also your preferred scenario.
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Originally Posted by local
Our resident economist has worked out that we are all doomed just with the oranges so the packets of green beans we get from Kenya will only be available on the black market .
As with all these things get the politicians out of the way.
Presumably they get here from Kenya through an EU trade agreement.
So yet another item we'll have to sort out or go without. Or stay in the single market.
Such an abundance of choice.
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Originally Posted by seivad
If I were you I would reserve sneering until you actually leave without a deal. Until that time you can't possibly ascertain what the short or long term consequences will be.
I say without a deal, as I believe that with a withdrawal deal and a sheltered transition period, the road will be far less bumpy. And I'm sure that's also your preferred scenario.
You are so one sided in your critique, if you had read through the thread with a little less of your obvious bias you might have made a valid point as it is you simply join the wall of remoaner noise.
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Originally Posted by local
You are so one sided in your critique, if you had read through the thread with a little less of your obvious bias you might have made a valid point as it is you simply join the wall of remoaner noise.
Says the person who responds with sarcasm when I gave you facts on the actual tariffs you will be paying on a couple of items. Plus the fact that the much maligned orange will be zero rated. Actual facts, not conjecture. Practice what you preach.
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Originally Posted by seivad
Says the person who responds with sarcasm when I gave you facts on the actual tariffs you will be paying on a couple of items. Plus the fact that the much maligned orange will be zero rated. Actual facts, not conjecture. Practice what you preach.
Oh so you mean this is nonsense after all
Prices go up, wages go up, inflation goes up, mortgages go up........
What a hoot.
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I love the idea that Farage's meeting was a debate!
He will in time be viewed as one of the most harmful figures in our history. Funded by opportunists, happy to lie copiously, prepared to recruit bigots and fools to support his ego.
Oh and by the way
A little while before the referendum when he thought he would lose, Frogmouth said we should not make big decisions based on a small majority, and even gave 52-48 as an example.
Hmm.
And now demands a Brexit which is not only NOT what was voted for, but which was specifically ruled out in the Leave campaign documentation and in comments made by him Johnson and Gove.
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Originally Posted by said
Farage did say that. So did Mogg.
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The lies?
The £350m a week story, developed by UKIP a full year earlier.
The accession of Turkey . Over 10 years away and can be vetoed
The EU Army. Can be vetoed.
The reports of dominance of EU regulation- disgracefully using the 7000 plus regulations for the single market and misleading people to think it was "changing our laws"
Lack of democracy in the EU. Not recognised by government-studying academics...indeed look at US in the last few months!
Leading people to think Brexit would reduce immigrants, publishing a poster with him standing in front of a line of "different hued" people.
And so on.
He figured it wouldn't take much to ignite the stupid and the bigoted . Seems he was right.
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Originally Posted by local
Oh so you mean this is nonsense after all
Prices go up, wages go up, inflation goes up, mortgages go up........
What a hoot.
No, that’s not what I meant.
Prices will increase if tariffs are payable on imported products that were previously zero rated. By referring to the UK’s interim tariff schedule, it’s clear that the government has zero rated around 90% of British imports. That may change after Brexit when the impact on the economy and domestic producers can be properly evaluated. If domestic producers are being undercut and losing market share to cheaper foreign imports, domestic producers will demand tariffs on imports to level the playing field.
However tariffs are not the only component of anticipated price increases. As you must have seen, the market and currency plummets every time a no deal Brexit becomes a distinct possibility.
As the pound decreases, so does its buying power in foreign markets. British buyers can’t absorb the extra cost due to a depreciated pound. The cost will be passed on to their buyer. If the foreign imports are finished goods, the cost is passed on at the retail level. If they’re inputs used in manufacturing, the cost will be passed on to the buyer of their finished product.
The next consequence of both tariffs and a depreciated exchange rate, leading to an increase in the cost of buying foreign goods, is inflation. Central bank’s standard reaction to curb inflation is to increase interest rates. Increased interest rates mean higher mortgages and borrowing costs.
Regarding wages, it’s the old supply and demand story. Right now wages have increased due to a skill shortage. There's also a vacuum to be filled due to EU workers who have left Britain. I have no idea what the future will bring. But if wages continue to increase, so will inflation.
Please don't respond with your usual " remoaner, bias etc. etc." nonsense. If people take the time to give you a reasonable informed response, try to be civil.
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Originally Posted by seivad
No, that’s not what I meant.
Prices will increase if tariffs are payable on imported products that were previously zero rated. By referring to the UK’s interim tariff schedule, it’s clear that the government has zero rated around 90% of British imports. That may change after Brexit when the impact on the economy and domestic producers can be properly evaluated. If domestic producers are being undercut and losing market share to cheaper foreign imports, domestic producers will demand tariffs on imports to level the playing field.
However tariffs are not the only component of anticipated price increases. As you must have seen, the market and currency plummets every time a no deal Brexit becomes a distinct possibility.
As the pound decreases, so does its buying power in foreign markets. British buyers can’t absorb the extra cost due to a depreciated pound. The cost will be passed on to their buyer. If the foreign imports are finished goods, the cost is passed on at the retail level. If they’re inputs used in manufacturing, the cost will be passed on to the buyer of their finished product.
The next consequence of both tariffs and a depreciated exchange rate, leading to an increase in the cost of buying foreign goods, is inflation. Central bank’s standard reaction to curb inflation is to increase interest rates. Increased interest rates mean higher mortgages and borrowing costs.
Regarding wages, it’s the old supply and demand story. Right now wages have increased due to a skill shortage. There's also a vacuum to be filled due to EU workers who have left Britain. I have no idea what the future will bring. But if wages continue to increase, so will inflation.
Please don't respond with your usual " remoaner, bias etc. etc." nonsense. If people take the time to give you a reasonable informed response, try to be civil.
Tariffs have to be imposed or there is nothing to negotiate with for a trade deal.
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Originally Posted by Alikado
Tariffs have to be imposed or there is nothing to negotiate with for a trade deal.
Absolutely, I've said that many times on the forum.
It's already been evidenced in Canada. Because of this, our government has put negotiations on hold. Tariff free access to the UK market, while Canada does not have to give reciprocal concessions to access the Canadian market, is not exactly an incentive to make a trade deal. Countries who have been reluctant to come to the table thus far are probably thinking exactly the same thing.
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Originally Posted by Alikado
Tariffs have to be imposed or there is nothing to negotiate with for a trade deal.
Don't go posting reality, it spoils the wet dream of leavers who seem to think that if we keep our own import tariffs low or zero, then the entire world will reciprocate and we can all join hands and skip along the yellow brick road to where the sun always shines and unicorns graze.
This has always been a problem particularly with Tories, one simple act and the country will be flooded with cheaper imports from everywhere, never seem to realise that in itself brings it's own penalties, like our own industry and growers collapsing, our exports fall or grind to a halt, then how do we then pay for even the cheapest imports? there needs to be a balance and we have done sod all in that direction.
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