Message from @Capitán Alatriste
Discord ID: 491337875871236117
I did learn the language
my Skill was I spoke English Fluently so I could speak to everyone
but my boss was Greek and had very little English
so I needed to
and then you get 'Refugees' been in sweden 5 years. Can't even say Hola in Swedish
I atleast picked up phrases along the way
Haram
Totally to eat local food and speak the language I guess
I was only born a Citizen of this Federal Shithole and this dude over here who can't spell his name wasn't
Imagine if I could learn Italian faster than a 'Refugee' (I'm partially deaf)
I got the basics already
Gratzie Gratzie Forza Ferrari
Isnt the uk like the 2nd or 3rd largest economy of the eu? Seems a no deal hurts both groups. But that leaves all the bargoning power in the uk hands especially since trump already said he would back a no deal brexit
We have swaped with France for decades
but Italy is 4th
and you can imagine what 1st is
Italy is 4th and I refer to my pre-mentioned Itialy Youth employment numbers
The UK has been seeing a consistent negative balance of payments, meaning that it is an import economy. This isn't a major problem when you import goods and services from within the common markets, since it's tax free. But it will become a huge problem once they leave it and have to pay the additional import tariffs. As of 2016 the United Kingdom had a negative trade balance of $235B in net imports. As compared to their trade balance in 1995 when they still had a negative trade balance of $31.6B in net imports.
Pretty much all of its trade comes from the EU, with the exception of its second two largest trade partners, the US and China. The UK exports 5% of its goods to China and 9.8% of its imports come from China. The UK exports 14% of its goods to the US, and 7.5% of its imports come from the US. However, this is dwarfed by the amount of trade that happens with EU member states
55% of its exports go to Europe, and 60% of its imports come from Europe
with non EU states being quite negligible with the Exception of Norway and Russia
So a no deal Brexit would very much harm the UK economy in the short to long run, as it will it have to immediately face the massive import costs, which will lead to inflation and a stagnation of the economy
cool little thing on import/export: https://atlas.media.mit.edu/en/profile/country/gbr/#Destinations
haha, that's where I get my stats from 😄
It's a great site
😛 i was just wondering on the numbers, this is from MIT in the US so i guess they have no stake in this, no idea how valid their data is though
You can always go dig up official government records, but this is easier and faster
Atlas media also displays the sources
thing is, on export, if there is tax on the UK, the continentals will have higher prices on the goods
on stuff like cars this obviously impacts sales, but on food ands such i dont know what it would do otehr than rasie prices for people
Most of the UK exports are cars and manufacturing pieces, these companies may end up relocating within the EU common markets to avoid having to sell at higher prices due to tariffs. Much of the London city has already seen mass migration of financial institutions to the continent, especially to well established financial hubs such as Frankfurt
I doint think you can relocate that easily, moving HQ for tax purposes sure, but a manufacturing line and all dependend supply lines? thats hundreds of companies you have to break contracts with and renegotiate new ones from companies who right now micht not have the capacity in mainland eu. Also their supply lines of raw resources and parts from overseas markets like asia and us would be affected. For banks and paper companies this might be easier in a short term. What you migth see is these companies putting more efforts in lobbying to get special deals just for them like exceptions and the like.
Not hard, it would be a long process, sure, but eventually would happen. Think of all the current rust belt of the US, as all the car and heavy metal manufacturing companies relocated to China over the years
Mainland EU countries would be eager to take in all of these new companies
Yeah, but not as a reaction to a n export tax, that move has been in the works for 50 years
mainland eu also moved to china 😉
a thing that can make the UK car industry stay in the UK if they get a good export deal with the US where UK made cars are exempt from the heavy tax US is treating to put on EU cars
If they feel that the future economic situation can only go to worse, they would gradually start relocating, start with the small sections, and eventually the larger ones
A hard/no deal brexit would only be detrimental to the UK, there is no real advantage to it, which is why the negotiations are constantly stalling and there is constant disagreements. Turns out that reverting a 40 year process of integration isn't as easy as people thought it would be