Prepare for 'very hard Brexit', German industry leader warns
22 replies, posted
[QUOTE]The head of Germany's powerful BDI industry federation warned companies Thursday to prepare for a "very hard Brexit", pointing to persistent infighting in London over what Britain wants from EU exit talks.
"German firms must prepare for the worst-case scenario of a very hard exit, anything else would be naive," BDI chief Joachim Lang said in a statement.
Britain's governing Conservative party is "at odds" with itself on Brexit strategy, leaving the outcome "completely open" in London-Brussels talks set to end in March 2019, the statement said.
"Whatever kind of Brexit there is, it will bring a significant number of legal, economic and business problems with it," Lang said.
The industry federation is making its own preparations, with a task force split into 10 teams hoping to head off "potential and acute dangers" for future trade between the two countries, he said.
Germany exported €116 billion of goods and services to Britain in 2016, and imported some €60 billion from there, according to figures published by the country's central bank, the Bundesbank.
And German companies are well-represented in Britain, employing around 400,000 people in the island nation.[/QUOTE]
[url]https://www.thelocal.de/20171005/prepare-for[/url]
I really can't see Britain coming out on top in this. Ya'll are either shooting yourselves in the foot or the chest.
Is it too late to reverse Brexit?
Britannia shall rule again.
[QUOTE=The Rifleman;52751351]Is it too late to reverse Brexit?[/QUOTE]
the wounds built scar tissue a year ago.
[QUOTE=The Rifleman;52751351]Is it too late to reverse Brexit?[/QUOTE]
Short answer? Yes.
Long answer? There's already a lot of hard feelings built up between the UK and the continent over this split. I expect they might be allowed back in at some point in the future, given at least a few decades to let things simmer down.
No Vaseline.
[editline]6th October 2017[/editline]
[QUOTE=Michael haxz;52751327]I really can't see Britain coming out on top in this. Ya'll are either shooting yourselves in the foot or the chest.[/QUOTE]
More like the cock.
This country is fucked. Completely, disastrously fucked. There is NO silver lining to Brexit.
Well at least someone seems to be planning properly for Brexit. Shame it doesn't seem to be Britain.
[QUOTE=Jon27;52751841]This country is fucked. Completely, disastrously fucked. There is NO silver lining to Brexit.[/QUOTE]
Plenty of silver linings and money goes where money is and The UK is very wealthy. Despite Brexit being formed from meandering politicians it does cause a interesting amount of uncertainty that could, if handled properly cause Britain to super size its trade via lowered tariffs and zero taxes on foreign investments and make up for the lost difference by redistributing wealth to non European nations. This would help out the coastal African countries quite a bit as well. To cite precedence this is half of what Japan and Singapore's economic strategy is, the other half is the manufacturing of complex products whereas Britain could go all in on investment firms and stick their fingers in everyone's pie to secure their economy.
So are we going to be dragged across the ocean to end up off the US east coast?
Because that would be a very hard Brexit. Please don't do that.
[QUOTE=Shirt.;52751947]Plenty of silver linings and money goes where money is and The UK is very wealthy. Despite Brexit being formed from meandering politicians it does cause a interesting amount of uncertainty that could, if handled properly cause Britain to super size its trade via lowered tariffs and zero taxes on foreign investments and make up for the lost difference by redistributing wealth to non European nations. This would help out the coastal African countries quite a bit as well. To cite precedence this is half of what Japan and Singapore's economic strategy is, the other half is the manufacturing of complex products whereas Britain could go all in on investment firms and stick their fingers in everyone's pie to secure their economy.[/QUOTE]
It does not cause any of this. In what pipe dream do african nations see the UK as the valid trading partner over ANY other country? Or as EU gateway no longer in EU? Or where the uncertaincy that has caused companies to pull from UK over past year suddenly is driver for companies to pull back in?
This also is not our economic strategy, if I understand what you say correct. Britain is not in a similar situation and every step thir current government takes is into an abyss predicted by years of data and corroborated by a year of being outside of the EU.
[QUOTE=Shirt.;52751947]Plenty of silver linings and money goes where money is and The UK is very wealthy. Despite Brexit being formed from meandering politicians it does cause a interesting amount of uncertainty that could, if handled properly cause Britain to super size its trade via lowered tariffs[/quote]
Tariffs are in place to protect domestic industry. We lower/remove tariffs on goods then our regulated industry which has to pay well to keep up with our high cost of living will be totally out competed, jobs will leave the UK. Sounds like something a British person wouldn't want.
[quote]and zero taxes on foreign investments[/quote]
Little britain, once a major player in global politics, soon to be a tax-haven floating off of the coast of europe, her people bitter and resentful blaming others for their own mistakes and stupidity.
[quote]and make up for the lost difference by redistributing wealth to non European nations. This would help out the coastal African countries quite a bit as well.[/quote]
Tryna appeal to pathos nice tactic.
[quote]To cite precedence this is half of what Japan and Singapore's economic strategy is, the other half is the manufacturing of complex products whereas Britain could go all in on investment firms and stick their fingers in everyone's pie to secure their economy.[/QUOTE]
A diverse economy is vital for long term stability, if we specialise in a single sector then anything affecting that sector (eg another mortgage bubble) would be ruinous.
And I suppose all this talk of Britain not getting EU bank passport is a load of nonsense?
Better effort than other pro-brexit posts but still rubbish. Furthermore if this was what have been advertised during the brexit referendum (less jobs, lower taxes on businesses, more specialising in banks) it would not have got 51%. It's a bait and switch, the bait appealed to just about everyone is switched it something very few people actually want. The thing is a scam.
[QUOTE=mdeceiver79;52751996]Tariffs are in place to protect domestic industry. We lower/remove tariffs on goods then our regulated industry which has to pay well to keep up with our high cost of living will be totally out competed, jobs will leave the UK. Sounds like something a British person wouldn't want.
Little britain, once a major player in global politics, soon to be a tax-haven floating off of the coast of europe, her people bitter and resentful blaming others for their own mistakes and stupidity.
Tryna appeal to pathos nice tactic.
A diverse economy is vital for long term stability, if we specialise in a single sector then anything affecting that sector (eg another mortgage bubble) would be ruinous.
And I suppose all this talk of Britain not getting EU bank passport is a load of nonsense?
Better effort than other pro-brexit posts but still rubbish. Furthermore if this was what have been advertised during the brexit referendum (less jobs, lower taxes on businesses, more specialising in banks) it would not have got 51%. It's a bait and switch, the bait appealed to just about everyone is switched it something very few people actually want. The thing is a scam.[/QUOTE]
Nah the bait appealed to just slightly more than half the country and now we're all fucked.
[QUOTE=Xron;52752004]Nah the bait appealed to just slightly more than half the country and now we're all fucked.[/QUOTE]
But it's alright guys, democracy's just working as intended, never mind Leave fed the public a tissue of lies intended specifically to push them towards a disaster. But at least we got our 350 million a week back.
[QUOTE=Michael haxz;52751327]I really can't see Britain coming out on top in this. Ya'll are either shooting yourselves in the foot or the chest.[/QUOTE]
why not both? we're all about having our cake and eating it here
[QUOTE=Xron;52752004]Nah the bait appealed to just slightly more than half the country and now we're all fucked.[/QUOTE]
naw mang the bait was whatever you wanted it to be
racists used it as a "close the flood gates"
non-racists (stupid/naive ones mind you) used it as a "open up opportunities for more none eu migrants"
left wing economic peeps (Corbyn said this recently) used it as a "eu wont let us nationalise shit"
right wing economic peeps (see recent amazon thing and recent apple thing in ireland) used it as a "eu wont let us lower tariffs and create sweet heart tax deals with amazon"
marxists (Yanis Varoufakis) hate the eu because its neoliberal and powerful
Brexit was 350m per week to the nhs or to whatever you (the listener) wanted it to go to
Sad that so many people fell for this trick. It's like the 2010 lib dems all over again, promise you the world and you get a pile of shit in return. People ought to learn. Thats not how the world turns.
[QUOTE=Michael haxz;52751327]I really can't see Britain coming out on top in this. Ya'll are either shooting yourselves in the foot or the chest.[/QUOTE]
haha that's what you think but we've sent in a crack team of bumbling cartoon villains as our negotiation team so we're going to actually come out even better than before.
[QUOTE=Zonesylvania;52752006]But it's alright guys, democracy's just working as intended, never mind Leave fed the public a tissue of lies intended specifically to push them towards a disaster. But at least we got our 350 million a week back.[/QUOTE]
and if not 350 million per week at least we TOOK BACK CONTROL
now we're STRONG AND STABLE
soon we'll be POOR BUT PROUD, BROKE BUT NOT BROKEN, DESTITUTE BUT TOO PROUD TO ADMIT WE FUCKED UP BIG TIME
[QUOTE=mdeceiver79;52752045]and if not 350 million per week at least we TOOK BACK CONTROL
now we're STRONG AND STABLE
soon we'll be POOR BUT PROUD, BROKE BUT NOT BROKEN, DESTITUTE BUT TOO PROUD TO ADMIT WE FUCKED UP BIG TIME[/QUOTE]
Building a country that works OR EVERYONE
[QUOTE=The Rifleman;52751351]Is it too late to reverse Brexit?[/QUOTE]
You know, it probably isn't. If tomorrow the government turned to the EU and said "Actually, we've changed our minds" I couldn't see the EU kicking us out anyway. There'd be a lot of shouting, there'd be a lot of pointing fingers, the Tories would likely end up in a civil war, but at least that'd be a party problem rather than a national one. Of course, never going to happen because politicians are politicians.
[QUOTE=El Burro;52752521]You know, it probably isn't. If tomorrow the government turned to the EU and said "Actually, we've changed our minds" I couldn't see the EU kicking us out anyway. There'd be a lot of shouting, there'd be a lot of pointing fingers, the Tories would likely end up in a civil war, but at least that'd be a party problem rather than a national one. Of course, never going to happen because politicians are politicians.[/QUOTE]
If we were to rescind Article 50 at this point I think we'd probably be laughed at a lot. But at least we'd still be part of the union. The EU already dislikes us as a country because we're the "special snowflake" who gets a majority of the benefits of the EU without taking part in a majority of the requirements. We've got veto power, border control, our own currency, a lot of autonomy, and all those subsidies you get just for being a member state. We've got fuck all to complain about in that deal.
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