Message from @Nordhand
Discord ID: 491343804691906570
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
Well I never knew this was a thing. Fuck, chemtrail conspiracies just got 10x more plausible. https://en.wikipedia.org/wiki/Operation_LAC
Seems to me that al;s goes for the EU, with an almost equal amount of import that GB could tax back at the EU
*"However, a U.S. government study, done by the U.S. National Research Council, stated, in part, "After an exhaustive, independent review requested by Congress, we have found no evidence that exposure to zinc cadmium sulfide at these levels could cause people to become sick."*
They also nuked part of the country, it was the 50's they were 'just doing it'
Was that the time they dropped a nuke in North Carolina?
@Capitán Alatriste so you dont think no other state would fill the trade void? Lmao. And other states can make 0 tarriff trade deals like the us already said they would be willing. The issue is the uk pays a lot into the eu system and takes less, and the eu would also be losing that trade.
@Legiondude No, that was just an accident.
Nevada has tons of nuclear testing sites that you can see on Google Earth.
After a while, they decided bombing random islands in Micronesia was a better alternative lol
Don't forget the shot off the coast from San Diego
The act of arguing against anarcho-capitalism is a performative contradiction.
https://youtu.be/b8UE3QAV8JM
Can't completely eliminate the state. If you wanna live in the wild west I ask you, can you fix a toilet?
Can you snare a Rabbit?
I can construct elaborate boxes from composite materials
can you that without electricity?
yes
OUTSTANDING
@Broo TulsiGang 2024 🇬🇧 🇺🇸 Why do you need the state to hire a plumber? o.O
What happens if 'he' does a bad job? Take your money and runs?