Mobilising to perform a project in Australia is one of the most challenging things to do on the planet and the costs of doing business there are astronomical and their labour laws are something else.

For example if I built a ship in Singapore for use in Australia. When I get close to coastal waters. I have to wait for a vessel to come from Australia, get rid of all the workers on the vessel that are not Australian and then the Aussies get on board.

Be careful what you wish for

Also the mining industry is going through a challenging time so they need some mugs to come in and save them. That's us by the way

If someone's beating a path to your door they want something.

The Aussie prime minister is acting a bit like a door to door double glazing salesman.

The door he is knocking on is already double glazed.

I can't figure out what you're for or against

If we have a free trade deal with the EU and they sell more to us than we do to them then that's a brilliant trade deal to have...

But if we have a free trade deal with anyone else other than the EU and they sell more to us than we do to them then that's an awful trade deal to have...

make up your minds please

next thing you know you'll be praising unskilled immigrants who will do anything for a pound over horrendous hours and debatable safety out one side of your mouth while praising EU and union workers rights out the other

Kaiser..
We send 44% of our exports to the EU, it is by far our largest market, as mentioned, in terms of geography, critical mass of consumers who are relatively wealthy - this helps us achieve this figure.

Do we want to put limitations on this by way of tariffs? You can answer that.

At the same time reducing tariffs to other countries for instance Australia, the principal direction of trade would be into the UK.

So we would be giving access to our market to countries outside the EU, and limiting our exports to the EU with possible tariffs.

The best way forward is to keep the tariff free trading with Europe, as well as negotiating preferential terms with other economies.

That's Utopia.

Why not free trade with everyone?

A Japanese company has bought ARM, our biggest and most successful tech firm.

Thanks to Brexit, it was a snip at £24bn because of the weak pound.

comment by Redinthehead - FreeGaza - فلسطين (U1860)
posted 5 hours, 35 minutes ago
16% of EU exports went to the UK

44% of UK exports went to the EU

Who needs who more?
----------------------------------------------------------------------

What are the monetary figures here?

Surely they tell a better picture. 16% of total EU exports must massively trump 44% of UK exports? Or am I reading this wrong (not sarcasm, genuine question)?

I read it as 16% of $2,25900bn (EU to UK) vs 44% of $442bn (UK to EU)

Surely this massively confirms that the EU needs us more than we need them. Roughly twice as much?

(Again apologies if I am muddling things up, long day).

Thanks to Brexit, it was a snip at £24bn because of the weak pound.

..................................

And how does this affect anything?

What are the monetary figures here?

Surely they tell a better picture. 16% of total EU exports must massively trump 44% of UK exports? Or am I reading this wrong (not sarcasm, genuine question)?

-------------
Not really, the above shows what proportion of the economy is reliant on UK<>EU trade.

The UK has 44% of exports to the EU, the EU has 16% of its exports to the UK.

UK exports are highly geared to trade with the EU, the EU while having a sizeable portion of exports to the UK, is not as highly geared.

comment by Vidicschin (U3584)



posted 5 minutes ago


Thanks to Brexit, it was a snip at £24bn because of the weak pound.
..................................
And how does this affect anything?

-----------------------------
Surely showing how UK companies are more susceptible to take over by foreign firms who can take advantage of the Forex situation with respect to Sterling.

Patents / innovations then belong to the new company - and lets face it, if the cost to produce is markedly lower in the parent company's home country, they will in time rationalise and produce there.

Leading to :
Reduction in headcount in the UK operation
Reduced revenue to the exchequer if profits appear on the ledger of the new parent company.

Surely showing how UK companies are more susceptible to take over by foreign firms who can take advantage of the Forex situation with respect to Sterling.

....................

This particular take over that Binky is on about was planned well before Brexit.

For arguments sake, if we went full out of Europe and settled on a 5% tarriff in both ways

2,259 import = 113bil to us
442 export = 22bil to them
+13 bil in saved fees

That's over a £100,000,000,000 in our favour

We could subsidise all the export taxes, create a £30bil slush fund for lost business .....and give £50bil a year to the NHS

comment by Vidicschin (U3584)



posted 8 seconds ago


Surely showing how UK companies are more susceptible to take over by foreign firms who can take advantage of the Forex situation with respect to Sterling.
....................
This particular take over that Binky is on about was planned well before Brexit.

---------------
The latest offer for the shares were after Brexit. The premium offered for the shares offered now would have cost Softbank a lot more prior to Brexit. Thereby it did make ARM more susceptible.

comment by The Kaiser's Trainers (U5676)



posted 5 minutes ago


For arguments sake, if we went full out of Europe and settled on a 5% tarriff in both ways

2,259 import = 113bil to us
442 export = 22bil to them
+13 bil in saved fees

That's over a £100,000,000,000 in our favour

We could subsidise all the export taxes, create a £30bil slush fund for lost business .....and give £50bil a year to the NHS

----------------------
right..

2,259 import = 113bil to us

Who's going to pay that 113bil (as you put it)?

The latest offer for the shares were after Brexit.

...............

What was the offer before Brexit?

comment by Redinthehead - FreeGaza - فلسطين (U1860)
posted 8 minutes ago
comment by The Kaiser's Trainers (U5676)



posted 5 minutes ago


For arguments sake, if we went full out of Europe and settled on a 5% tarriff in both ways

2,259 import = 113bil to us
442 export = 22bil to them
+13 bil in saved fees

That's over a £100,000,000,000 in our favour

We could subsidise all the export taxes, create a £30bil slush fund for lost business .....and give £50bil a year to the NHS

----------------------
right..

2,259 import = 113bil to us

Who's going to pay that 113bil (as you put it)?
----------------------------------------------------------------------


I think it suggests that we would not have to spend an additional $113bn - for a return of only $22bn?

comment by Vidicschin (U3584)

posted 8 seconds ago

The latest offer for the shares were after Brexit.
...............
What was the offer before Brexit?

-----------
Who said there was an offer prior to the Brexit vote? Apparently it was concluded fairly quickly in the announcement made today.

comment by The Kaiser's Trainers (U5676)

posted 5 minutes ago

For arguments sake, if we went full out of Europe and settled on a 5% tarriff in both ways

2,259 import = 113bil to us
442 export = 22bil to them
+13 bil in saved fees

That's over a £100,000,000,000 in our favour

We could subsidise all the export taxes, create a £30bil slush fund for lost business .....and give £50bil a year to the NHS
----------------------
right..

2,259 import = 113bil to us

Who's going to pay that 113bil (as you put it)?

i.e. who's pocket will that 113bil come from?

comment by Redinthehead - FreeGaza - فلسطين (U1860)

posted 6 minutes ago

comment by Vidicschin (U3584)

posted 8 seconds ago

The latest offer for the shares were after Brexit.
...............
What was the offer before Brexit?

-----------
Who said there was an offer prior to the Brexit vote?

.........

So you don't know then.

I was under the belief that these take overs took months if not years of planning.

comment by Vidicschin (U3584)



posted 5 minutes ago


Thanks to Brexit, it was a snip at £24bn because of the weak pound.
..................................
And how does this affect anything?
----------------------------------------------

Because the huge slump in the pound means the firm was ripe for being picked off and the vast profits it makes will now be going to Japan rather than here.

comment by Redinthehead - FreeGaza - فلسطين (U1860)
posted 18 minutes ago
comment by The Kaiser's Trainers (U5676)

posted 5 minutes ago

For arguments sake, if we went full out of Europe and settled on a 5% tarriff in both ways

2,259 import = 113bil to us
442 export = 22bil to them
+13 bil in saved fees

That's over a £100,000,000,000 in our favour

We could subsidise all the export taxes, create a £30bil slush fund for lost business .....and give £50bil a year to the NHS
----------------------
right..

2,259 import = 113bil to us

Who's going to pay that 113bil (as you put it)?

i.e. who's pocket will that 113bil come from?
----------------------------------------------------------------------
Vile traitors who don't buy British

"Led by the charismatic Japanese investor, Masayoshi Son, SoftBank swooped on the Apple supplier ARM in the three weeks since Britain voted to leave the European Union.."

http://mobile.reuters.com/article/idUSKCN0ZY03B

Might well have been a target acquisition for Softbank for a while, however actual movement looks like it took place in recent weeks.

Because the huge slump in the pound means the firm was ripe for being picked off and the vast profits it makes will now be going to Japan rather than here.

--------
Makes sad reading doesn't it Inky.

Including any patents and chip designs they held.

Might well have been a target acquisition for Softbank for a while

.............

Imagine that.

Might well have been a target acquisition for Softbank for a while

.............

Imagine that.

------------

Obviously it wasn't an impulse purchase but Brexit made it infinately more times attractive.

Our new PM has said "It shows Britain is open for business".

A week ago she was advocating Government intervention to ward off overseas companies picking off our prize assets.