Welcome Nige, bad luck not getting that vacancy of ambassador to the EUSo six months after the Brexit vote and the UK economy is confounding all expectations,including that of the Governor of the Bank of England Mark Carney.
Indeed the governor now thinks Brexit could harm the EU more than it harms the UK.
Certainly the likes of Jean-Claude Druncker have toned down their aggressive posturing,presumably after Merkel had a quiet word in their shell-like.
It is worth pointing out that after Germany the UK's net contribution to the EU is greater than the other 26 countries combined.
Of course your post-truth assertion is possibly correct in the same way that I, and persumably yourself, am able to say that my net contribution to the Irish budget is greater than the rest of ye put together.Wiki said:Net contribution to EU budget in 2016 Germany 9.5bn, France 5.9bn, UK 4.9bn, Italy 4.4bn
Welcome Nige, bad luck not getting that vacancy of ambassador to the EU
So for a few facts;
Of course your post-truth assertion is possibly correct in the same way that I, and persumably yourself, am able to say that my net contribution to the Irish budget is greater than the rest of ye put together.
I'm no economics expert but if you told me that my currency would be devalued by 20% immediately because of long term fears for the economy but that absolutely nothing else would change in the short term (as Purple says, still in the EU) I would reckon on a short term mega bounce; actually the reality is surprisingly muted.
Possibly Brexit will be worse for the EU than Britain, hardly an endorsement in itself. But the effects on 400m people will be proportionatey much less than the effects on 50m (excluding Scotland and NI here).
The bigger picture also needs to be factored into the overall cost/ benefit analysis. Exchequer figures look good now, boosted by a sharp rise in exports since the devaluation.
I agree and if there are any trade tariffs imposed on UK imports into the EU post Brexit, then I would expect those rosy export figures to fall off..
Given the Tory party's inbred hubris allied to their historical distrust of all things European & Johnny Foreigner then surely it's hugely previous to predict how Brexit will impact the U.K. .
Give it a couple of years Wahaay & then get back to us.
Tariffs work both ways,of course.
An extra 3-4% is not going to make that much difference and has already been factored in by the fall in sterling.
And then there are all the trade deals with the rest of the world that the UK will then be able to negotiate.
And the money saved by not funding the rest of the EU.
Many locals don't realise we are a different countryIf there was a historical distrust of Johnny Foreigner why have so many Irish economic migrants been welcomed so warmly into the UK ?
It's a lazy trope I'm afraid.
Given the sudden drop in sterling I would have expected exports to rise in the short term. However, for any companies considering a significant investment, I would think they would now have to seriously consider locating within the EU..
Surely overshadowed by the amount of Irish people in the UK that voted against it ?
After all the only verifiable figure for Irish votes were the 56 % of people in Northern Ireland who voted against it & of course the 44% who were for it.
Tariffs work both ways,of course.
An extra 3-4% is not going to make that much difference and has already been factored in by the fall in sterling.
You mean like the Japanese investing £32billion in chip-maker Arm Holdings
...that giant Nissan investment
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