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Economists for Free Trade
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By *asyuk OP Man
over a year ago
West London |
Led by Professor Patrick Minford.
They claim that the UK will prosper after Brexit. They claim this assuming:
The UK unilaterally (without conditions) removes all tariff barriers to goods and services from foreign countries.
The UK should also "deregulate" to reduce costs.
The logic is that imports will be cheaper. Reducing regulations on employment, safety, environment and quality standards will reduce costs and make us more competitive.
Foreign countries will be under no obligation to reduce their trade barriers or tariffs to UK goods and services.
The group acknowledges that this will destroy UK manufacturing and agriculture.
This full scenario is the only one which would make a hard Brexit an economic benefit. Even this makes a number of difficult to justify economic assumptions in their economic model.
Who supports this view of the future UK economy? |
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"Led by Professor Patrick Minford.
They claim that the UK will prosper after Brexit. They claim this assuming:
The UK unilaterally (without conditions) removes all tariff barriers to goods and services from foreign countries.
The UK should also "deregulate" to reduce costs.
The logic is that imports will be cheaper. Reducing regulations on employment, safety, environment and quality standards will reduce costs and make us more competitive.
Foreign countries will be under no obligation to reduce their trade barriers or tariffs to UK goods and services.
The group acknowledges that this will destroy UK manufacturing and agriculture.
This full scenario is the only one which would make a hard Brexit an economic benefit. Even this makes a number of difficult to justify economic assumptions in their economic model.
Who supports this view of the future UK economy?"
The idea that if the UK unilaterally removed all tariffs it could circumvent EU and WTO trading rules is bullshit because it only deals with one part of an economic equation. Any such move would be immediately countered and not by others joining the UK in a race to the bottom but by flooding our market with their products while enforcing 100% custom checks on EVERYTHING entering other countries from the UK.
Now this may not seem like much but with 10,000 lorries a day leaving Dover every one subject to a full customs check on the other side of the channel it would not be long until a maximum round trip of 48 hours from an EU port to clearing customs on return to an EU port turned into a week or a month or longer! And like it or not the UK's zero tariff would not compensate for the increase in transport costs.
But hey, what do I know, I am sure there are 100's of transport companies and 100's of thousands of drivers who would be falling over themselves to spend a month 6 weeks with their £100/150,000 rig sat in a bonded lorry-park waiting to clear customs for a £2,500 pay-day after a further 90 days just to deliver a load of whatever from Italy to Glasgow.  |
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By (user no longer on site)
over a year ago
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"Led by Professor Patrick Minford.
They claim that the UK will prosper after Brexit. They claim this assuming:
The UK unilaterally (without conditions) removes all tariff barriers to goods and services from foreign countries.
The UK should also "deregulate" to reduce costs.
The logic is that imports will be cheaper. Reducing regulations on employment, safety, environment and quality standards will reduce costs and make us more competitive.
Foreign countries will be under no obligation to reduce their trade barriers or tariffs to UK goods and services.
The group acknowledges that this will destroy UK manufacturing and agriculture.
This full scenario is the only one which would make a hard Brexit an economic benefit. Even this makes a number of difficult to justify economic assumptions in their economic model.
Who supports this view of the future UK economy?"
Only just Googled Minford, he's a fucking loon  |
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"Led by Professor Patrick Minford.
They claim that the UK will prosper after Brexit. They claim this assuming:
The UK unilaterally (without conditions) removes all tariff barriers to goods and services from foreign countries.
The UK should also "deregulate" to reduce costs.
The logic is that imports will be cheaper. Reducing regulations on employment, safety, environment and quality standards will reduce costs and make us more competitive.
Foreign countries will be under no obligation to reduce their trade barriers or tariffs to UK goods and services.
The group acknowledges that this will destroy UK manufacturing and agriculture.
This full scenario is the only one which would make a hard Brexit an economic benefit. Even this makes a number of difficult to justify economic assumptions in their economic model.
Who supports this view of the future UK economy?
Only just Googled Minford, he's a fucking loon "
The ERG love him.... |
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By (user no longer on site)
over a year ago
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"Led by Professor Patrick Minford.
They claim that the UK will prosper after Brexit. They claim this assuming:
The UK unilaterally (without conditions) removes all tariff barriers to goods and services from foreign countries.
The UK should also "deregulate" to reduce costs.
The logic is that imports will be cheaper. Reducing regulations on employment, safety, environment and quality standards will reduce costs and make us more competitive.
Foreign countries will be under no obligation to reduce their trade barriers or tariffs to UK goods and services.
The group acknowledges that this will destroy UK manufacturing and agriculture.
This full scenario is the only one which would make a hard Brexit an economic benefit. Even this makes a number of difficult to justify economic assumptions in their economic model.
Who supports this view of the future UK economy?
Only just Googled Minford, he's a fucking loon
The ERG love him...."
Says it all then  |
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By (user no longer on site)
over a year ago
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"Led by Professor Patrick Minford.
They claim that the UK will prosper after Brexit. They claim this assuming:
The UK unilaterally (without conditions) removes all tariff barriers to goods and services from foreign countries.
The UK should also "deregulate" to reduce costs.
The logic is that imports will be cheaper. Reducing regulations on employment, safety, environment and quality standards will reduce costs and make us more competitive.
Foreign countries will be under no obligation to reduce their trade barriers or tariffs to UK goods and services.
The group acknowledges that this will destroy UK manufacturing and agriculture.
This full scenario is the only one which would make a hard Brexit an economic benefit. Even this makes a number of difficult to justify economic assumptions in their economic model.
Who supports this view of the future UK economy?"
So basically to make a success of it we need to be like America, only with less raw resources and agricultural land. No ta. |
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By (user no longer on site)
over a year ago
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"Led by Professor Patrick Minford.
They claim that the UK will prosper after Brexit. They claim this assuming:
The UK unilaterally (without conditions) removes all tariff barriers to goods and services from foreign countries.
The UK should also "deregulate" to reduce costs.
The logic is that imports will be cheaper. Reducing regulations on employment, safety, environment and quality standards will reduce costs and make us more competitive.
Foreign countries will be under no obligation to reduce their trade barriers or tariffs to UK goods and services.
The group acknowledges that this will destroy UK manufacturing and agriculture.
This full scenario is the only one which would make a hard Brexit an economic benefit. Even this makes a number of difficult to justify economic assumptions in their economic model.
Who supports this view of the future UK economy?
So basically to make a success of it we need to be like America, only with less raw resources and agricultural land. No ta."
You also have to believe that quality is the same regardless of country of origin. And that it’s as easy to import/export to Brazil and Australia as it is to import/export to France and Germany. |
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By *mmabluTV/TS
over a year ago
upton wirral |
"Led by Professor Patrick Minford.
They claim that the UK will prosper after Brexit. They claim this assuming:
The UK unilaterally (without conditions) removes all tariff barriers to goods and services from foreign countries.
The UK should also "deregulate" to reduce costs.
The logic is that imports will be cheaper. Reducing regulations on employment, safety, environment and quality standards will reduce costs and make us more competitive.
Foreign countries will be under no obligation to reduce their trade barriers or tariffs to UK goods and services.
The group acknowledges that this will destroy UK manufacturing and agriculture.
This full scenario is the only one which would make a hard Brexit an economic benefit. Even this makes a number of difficult to justify economic assumptions in their economic model.
Who supports this view of the future UK economy?"
I do the man is a genius |
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By (user no longer on site)
over a year ago
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"Led by Professor Patrick Minford.
They claim that the UK will prosper after Brexit. They claim this assuming:
The UK unilaterally (without conditions) removes all tariff barriers to goods and services from foreign countries.
The UK should also "deregulate" to reduce costs.
The logic is that imports will be cheaper. Reducing regulations on employment, safety, environment and quality standards will reduce costs and make us more competitive.
Foreign countries will be under no obligation to reduce their trade barriers or tariffs to UK goods and services.
The group acknowledges that this will destroy UK manufacturing and agriculture.
This full scenario is the only one which would make a hard Brexit an economic benefit. Even this makes a number of difficult to justify economic assumptions in their economic model.
Who supports this view of the future UK economy?I do the man is a genius"
Is this simply because he’s told you what you want to here ?
If not, be interested to hear which part of his work is genius. His Liverpool model doesn’t seem widely accepted. |
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By (user no longer on site)
over a year ago
|
"Led by Professor Patrick Minford.
They claim that the UK will prosper after Brexit. They claim this assuming:
The UK unilaterally (without conditions) removes all tariff barriers to goods and services from foreign countries.
The UK should also "deregulate" to reduce costs.
The logic is that imports will be cheaper. Reducing regulations on employment, safety, environment and quality standards will reduce costs and make us more competitive.
Foreign countries will be under no obligation to reduce their trade barriers or tariffs to UK goods and services.
The group acknowledges that this will destroy UK manufacturing and agriculture.
This full scenario is the only one which would make a hard Brexit an economic benefit. Even this makes a number of difficult to justify economic assumptions in their economic model.
Who supports this view of the future UK economy?I do the man is a genius"
You are joking..... aren't you ? |
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By *asyuk OP Man
over a year ago
West London |
"Led by Professor Patrick Minford.
They claim that the UK will prosper after Brexit. They claim this assuming:
The UK unilaterally (without conditions) removes all tariff barriers to goods and services from foreign countries.
The UK should also "deregulate" to reduce costs.
The logic is that imports will be cheaper. Reducing regulations on employment, safety, environment and quality standards will reduce costs and make us more competitive.
Foreign countries will be under no obligation to reduce their trade barriers or tariffs to UK goods and services.
The group acknowledges that this will destroy UK manufacturing and agriculture.
This full scenario is the only one which would make a hard Brexit an economic benefit. Even this makes a number of difficult to justify economic assumptions in their economic model.
Who supports this view of the future UK economy?I do the man is a genius"
So destroying UK manufacturing and agriculture will be a work of genius?
Just wanting a little clarity 
Where are your Brexit forum friends? |
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By *ara JTV/TS
over a year ago
Bristol East |
The Economist, in its leader article, addresses these very points:
"The myth has taken hold that no deal simply means no trade deal. Proponents of a no-deal exit say it will involve Britain trading with the eu on the standard terms used by other members of the World Trade Organisation (wto). No-dealers argue, correctly, that Britain could eventually adjust to this. It would be painful, but the economy could move beyond industries like carmaking, which would be ruined by the 10% tariffs that the eu would impose on British exports.
"Consumers would gain if the government took the highly unlikely step of abolishing all tariffs, as no-dealer economists recommend. But protected sectors, particularly agriculture, would wither. And many Leave-voters might be surprised that the price of exit was the collapse of much of Britain’s high-end manufacturing and the demise of farming.
More important, no deal would mean not just no trade deal, but the rupture of a whole corpus of legal arrangements with the eu. Britain would be left without rules to govern the trade in radioactive materials, international electricity markets, financial-contract clearing, aviation, medicines regulation, immigration control and much else. What some Brexiteers describe as a “clean break” from Europe would in fact be horrifically messy.
No-deal proponents counter that Britain and the eu would quickly sign side-deals to mitigate the worst of the chaos—allowing flights to carry stranded citizens home, for instance. But it is unlikely that the eu would do more than the minimum if Britain defaults on its debts. What little goodwill remains would turn to dust. Brexiteers say that shortages could be avoided if Britain threw its borders open to eu products without checks. But eschewing any sort of regulation would be an odd way for Britain to “take back control”, as the Leave campaign promised."
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By (user no longer on site)
over a year ago
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"The Economist, in its leader article, addresses these very points:
"The myth has taken hold that no deal simply means no trade deal. Proponents of a no-deal exit say it will involve Britain trading with the eu on the standard terms used by other members of the World Trade Organisation (wto). No-dealers argue, correctly, that Britain could eventually adjust to this. It would be painful, but the economy could move beyond industries like carmaking, which would be ruined by the 10% tariffs that the eu would impose on British exports.
"Consumers would gain if the government took the highly unlikely step of abolishing all tariffs, as no-dealer economists recommend. But protected sectors, particularly agriculture, would wither. And many Leave-voters might be surprised that the price of exit was the collapse of much of Britain’s high-end manufacturing and the demise of farming.
More important, no deal would mean not just no trade deal, but the rupture of a whole corpus of legal arrangements with the eu. Britain would be left without rules to govern the trade in radioactive materials, international electricity markets, financial-contract clearing, aviation, medicines regulation, immigration control and much else. What some Brexiteers describe as a “clean break” from Europe would in fact be horrifically messy.
No-deal proponents counter that Britain and the eu would quickly sign side-deals to mitigate the worst of the chaos—allowing flights to carry stranded citizens home, for instance. But it is unlikely that the eu would do more than the minimum if Britain defaults on its debts. What little goodwill remains would turn to dust. Brexiteers say that shortages could be avoided if Britain threw its borders open to eu products without checks. But eschewing any sort of regulation would be an odd way for Britain to “take back control”, as the Leave campaign promised."
"
Exactly - and how much will it cost to set up shadow regulatory depts? How long will it take - 124 days before we leave! |
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By *ara JTV/TS
over a year ago
Bristol East |
"
Exactly - and how much will it cost to set up shadow regulatory depts? How long will it take - 124 days before we leave!"
It is more about EU law no longer being applicable in the UK, and how that will sever every existing legal link between the UK and 27 neighbours.
In the absence of any continuity, no government could survive the chaos.
Yet there are many who see simply walking away from the EU as some sort of wet dream, something of great value.
I really do not understand their thinking.
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By (user no longer on site)
over a year ago
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This was always the problem - Brexiteers appealed to the emotions of people who couldn’t be arsed to think in depth about the consequences of what they were voting for. The political establishment (Cameron, et al) thought that UKIP and leave were a threat but rather than get out of London to see how austerity was affecting the country and acknowledge that maybe things were not so good they fumbled around with internal party battles. This failure to understand and respect people’s emotions and fears led to a protest vote. I don’t blame those people for their resentment towards the ludicrous wealth of London and the South East especially when they are ignored by Westminster based old Etonians who live in an economic bubble. Oh and the internal struggles of labour and the left meant that they abandoned any pretence of taking brexit seriously a long time ago. It’s a sad state of affairs that we are giving up our membership of what has been one of the most vital trading blocs of the past half century which has brought peace and stability to Western Europe for a highly questionable future of freedom from red tape and EU control. I guess one day it’ll all be ok but it’s going to take a lot of heartache and pain and if like me you have kids who are just starting out on their careers it worries the hell out of me. |
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By *abioMan
over a year ago
Newcastle and Gateshead |
thats why it is interesting that when the arch leavers here always use minford as there example that we would do good.... but when you mention that even minfords plan by his own emission would mean the decimation of the UK Manufacturing and Agri-food sectors and if that would be a price worth paying...
they suddenly always go silent......
crickets......
never answer the question..... |
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By (user no longer on site)
over a year ago
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"thats why it is interesting that when the arch leavers here always use minford as there example that we would do good.... but when you mention that even minfords plan by his own emission would mean the decimation of the UK Manufacturing and Agri-food sectors and if that would be a price worth paying...
they suddenly always go silent......
crickets......
never answer the question....."
Your not referring to horseman are you  |
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By *asyuk OP Man
over a year ago
West London |
"thats why it is interesting that when the arch leavers here always use minford as there example that we would do good.... but when you mention that even minfords plan by his own emission would mean the decimation of the UK Manufacturing and Agri-food sectors and if that would be a price worth paying...
they suddenly always go silent......
crickets......
never answer the question....."
Any direct question.
When there is an opportunity to be vague and ramble and ignore difficult questions and divert attention they are angrily proclaiming their opinions.
Single question? No answer. Multiple threads running right now. How many Brexiteer responses? |
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By *bernathCouple
over a year ago
Gloucestershire |
"Led by Professor Patrick Minford.
They claim that the UK will prosper after Brexit. They claim this assuming:
The UK unilaterally (without conditions) removes all tariff barriers to goods and services from foreign countries.
The UK should also "deregulate" to reduce costs.
The logic is that imports will be cheaper. Reducing regulations on employment, safety, environment and quality standards will reduce costs and make us more competitive.
Foreign countries will be under no obligation to reduce their trade barriers or tariffs to UK goods and services.
The group acknowledges that this will destroy UK manufacturing and agriculture.
This full scenario is the only one which would make a hard Brexit an economic benefit. Even this makes a number of difficult to justify economic assumptions in their economic model.
Who supports this view of the future UK economy?"
Meet in the Middle lets go back to the EFTA like we were in the 1960’s the EU experiment is over. Time to kiss and make up Britain!
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By *asyuk OP Man
over a year ago
West London |
"Led by Professor Patrick Minford.
They claim that the UK will prosper after Brexit. They claim this assuming:
The UK unilaterally (without conditions) removes all tariff barriers to goods and services from foreign countries.
The UK should also "deregulate" to reduce costs.
The logic is that imports will be cheaper. Reducing regulations on employment, safety, environment and quality standards will reduce costs and make us more competitive.
Foreign countries will be under no obligation to reduce their trade barriers or tariffs to UK goods and services.
The group acknowledges that this will destroy UK manufacturing and agriculture.
This full scenario is the only one which would make a hard Brexit an economic benefit. Even this makes a number of difficult to justify economic assumptions in their economic model.
Who supports this view of the future UK economy?
Meet in the Middle lets go back to the EFTA like we were in the 1960’s the EU experiment is over. Time to kiss and make up Britain!
"
Are Economists for Free Trade independent? |
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