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Extreme Brexit could be worse than financial crisis for UK: BoE

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If you want to know why the single market is so important to SMEs read this thread

 

 

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16 hours ago, melvinmelvin said:

at any rate, as we say in Yorkshire,

 

a shame that UK gov didn't start to sort their WTO stuff right after a50 was triggered

 

 

Like many other things, they thought it was just a paperwork exercise, facing reality has never been a strong point.

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15 hours ago, My Thai Life said:

Not really Sandy, Eric Schweitzer, head of the German Chambers of Commerce and Industry, is saying something very very specific: "More than 750,000 jobs in Germany depend on exports to Great Britain.”

 

And how many jobs in the UK depend on exports to the EU? That 750K is less than 2% of the German working population, what percentage of the UK working population would be facing the same fate as these Germans? Try and be very very specific with the scaremongering.

 

Everyone wants to try and make a point but only the mentally challenged would believe that "exporting" in and out of the UK will come to a grinding halt. Life will go on, just a lot more challenging for some than others, those with a decent bank balance have little to fear and will try and push any agenda that enhances their own objectives.

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2 hours ago, tebee said:

If you want to know why the single market is so important to SMEs read this thread

 

 

I posted some time ago how difficult it would become for SME's, of course ridiculed by the brexiteers.

SME's account for about half the UK working population, approx 16 million. It wouldn't take much of a change to make a significant change in the unemployed, 10% reduction would more than double the figure.

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Old Blightys International trade goes back to the

Bronze Age times right up to 1973, without

a single market agreement with Brussels.

Nah, impossible.

 

 

 

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50 minutes ago, bristolboy said:

And how would not being in the EU have mitigated that problem?

I have to say, that is a good question.

Our only advantage out of the EU is that we wont

have to bale out the ECB and other EU banks when

the Ponzi bubble pops.

An ideal UK, is where we could regulate our own

banks and financial industry, Zero % interest is the

cause of poverty vs rich getting richer.

But we have a Tory government where 1 in 4 come

from the financial sector.  

Another reason is that out of the EU we stand a

good chance of not getting dragged into any

conflict they may have.

Edited by talahtnut
addition
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