Consequences Of Brexit [Part 9] Read First Post Before Posting

[Baron99 794]

10 minutes ago, tinfoilhat said:

Really depends on if it's worth it though. Setting up an EU office gives a company more access to alot more people than setting up a company in the UK. As you said, business will decide.

Yes business will decide.  The article might be over a year old but it does show that European businesses were already exploring all possible avenues to have continuity of business.  And we're talking BIG business here, the multi-nationals but the smaller companies will follow eventually, & all businesses set up here, will be supported by auxiliary UK business, employing UK workers. 

 

To their credit, European businesses / multi-nationals appear to be more 'on the ball' than many of their UK counterparts, in their understanding of Brexit consequences, given recent stories of import / export issues. 

2 minutes ago, Mister Gee said:

In a years time it’ll be hard to find anyone who’ll admit to voting Brexit, apart from a few folk on social media.

I don't think so. 

[Jeffrey Shaw 90]

There'll be no long-term effect on the UK's Economy at all.

An intriguing two-century-long sweep of GDP figures disclosed no effect of even WW1/WW2.

Over an extended period, things settle down despite the short-term eddies caused by major events.

[RollingJ 2,020]

I really wish there was a 'LIKE' button on this forum. Thanks anyway to @Baron99 and @Jeffrey Shaw.

[El Cid 216]

25 minutes ago, Baron99 said:

To their credit, European businesses / multi-nationals appear to be more 'on the ball' than many of their UK counterparts, in their understanding of Brexit consequences, given recent stories of import / export issues. 

I don't think so. 

So are you saying that trade will become easier over time, because that is what big companies demand, eventually leading to frictionless trade?

[Mister Gee 822]

25 minutes ago, Jeffrey Shaw said:

There'll be no long-term effect on the UK's Economy at all.

An intriguing two-century-long sweep of GDP figures disclosed no effect of even WW1/WW2.

Over an extended period, things settle down despite the short-term eddies caused by major events.

Who do you think you are, Jacob Rees Mogg?

[tinfoilhat 11]

32 minutes ago, Jeffrey Shaw said:

There'll be no long-term effect on the UK's Economy at all.

An intriguing two-century-long sweep of GDP figures disclosed no effect of even WW1/WW2.

Over an extended period, things settle down despite the short-term eddies caused by major events.

So why leave then and suffer short term pain?

35 minutes ago, Baron99 said:

Yes business will decide.  The article might be over a year old but it does show that European businesses were already exploring all possible avenues to have continuity of business.  And we're talking BIG business here, the multi-nationals but the smaller companies will follow eventually, & all businesses set up here, will be supported by auxiliary UK business, employing UK workers. 

 

To their credit, European businesses / multi-nationals appear to be more 'on the ball' than many of their UK counterparts, in their understanding of Brexit consequences, given recent stories of import / export issues. 

I don't think so. 

Alot of small, EU businesses won't bother. Any small  UK operations who do will likely cut staff here to accommodate. 

[The Joker 10]

1 hour ago, Baron99 said:

Before that time, politicians will have long got their acts together, both here & across Europe, sorted out reciprocal agreements covering export / import / tax issues, because they will have been demanded by big business & the customers they serve.

By rejoining the EU?  Nice.

1 hour ago, Jeffrey Shaw said:

There'll be no long-term effect on the UK's Economy at all.

An intriguing two-century-long sweep of GDP figures disclosed no effect of even WW1/WW2.

Over an extended period, things settle down despite the short-term eddies caused by major events.

I'd love to know what you're basing this on.

 

Surely not the competence of our elected officials?

 

1 hour ago, Baron99 said:

Yes business will decide.  The article might be over a year old but it does show that European businesses were already exploring all possible avenues to have continuity of business.  And we're talking BIG business here, the multi-nationals but the smaller companies will follow eventually, & all businesses set up here, will be supported by auxiliary UK business, employing UK workers.

Or, they might not bother, if the effort to sell to the 67 million people of the United Kingdom is outweighed by the frictionless trade in selling to the 440 million population of the EU.

 

Smaller European businesses are already giving up on selling to UK customers, since the import costs to the buyer will make certain purchases unviable:

 

Britons buying from EU websites hit with £100 customs bills

 

https://www.theguardian.com/politics/2021/jan/21/britons-buying-from-eu-websites-face-more-than-100-import-duties

 

British shoppers who bought items from European websites are facing post-Brexit demands of more than £100 in import duties that must be paid before parcel firms will deliver the items.

 

Despite claims by Boris Johnson that there would be tariff-free trade after the Brexit transition period ended on 31 December, consumers who bought items from EU websites are being chased for import duties, VAT and admin fees – which, they say, render the purchase uneconomic.

 

Lisa Walpole, from Norfolk, has been told she must pay £121 to the parcels firm UPS for a £236 clothes order she made from the Norwegian website Onepiece.com, which specialises in premium jumpsuits. At the time of the order the company had promised free international delivery.

 

Helen Kara, from Uttoxeter in Staffordshire, faced a UPS demand for £93 after purchasing £292 worth of bed linen from Urbanara.co.uk, which is based in Berlin, a fact she was unaware of when ordering.

 

Since 1 January, people buying goods from the EU – and vice versa – have faced import charges. The new rules have put thousands of specialist online businesses at risk as consumers on both sides of the Channel balk at having to pay the hefty import fees.

 

The UK government says European companies supplying goods valued at up to £135 direct to British buyers are supposed to collect VAT at the item’s prevailing rate – in most cases 20% – at the point of purchase. The move was branded “ludicrous” by Assen-based Dutch Bike Bits, which is among the firms that has halted all sales to the UK.

 

Online marketplaces such as Amazon collect the VAT on the retailer’s behalf and the item from Europe can be sent as before. However, UK consumers who have ordered items direct have been hit by the charges.

 

In one case the Guardian is aware of, a £35 order for running gear attracted a £20.59 demand by the courier before it could be delivered.

 

UK-based buyers placing orders of more than £135 with European websites also face having to pay import duties.

 

The easiest trade deal in human history?

 

Yeeee . . . No.

 

 

[Baron99 794]

1 hour ago, The Joker said:

By rejoining the EU?  Nice.

I'd love to know what you're basing this on.

 

Surely not the competence of our elected officials?

 

Or, they might not bother, if the effort to sell to the 67 million people of the United Kingdom is outweighed by the frictionless trade in selling to the 440 million population of the EU.

 

Smaller European businesses are already giving up on selling to UK customers, since the import costs to the buyer will make certain purchases unviable:

 

Britons buying from EU websites hit with £100 customs bills

 

https://www.theguardian.com/politics/2021/jan/21/britons-buying-from-eu-websites-face-more-than-100-import-duties

 

British shoppers who bought items from European websites are facing post-Brexit demands of more than £100 in import duties that must be paid before parcel firms will deliver the items.

 

Despite claims by Boris Johnson that there would be tariff-free trade after the Brexit transition period ended on 31 December, consumers who bought items from EU websites are being chased for import duties, VAT and admin fees – which, they say, render the purchase uneconomic.

 

Lisa Walpole, from Norfolk, has been told she must pay £121 to the parcels firm UPS for a £236 clothes order she made from the Norwegian website Onepiece.com, which specialises in premium jumpsuits. At the time of the order the company had promised free international delivery.

 

Helen Kara, from Uttoxeter in Staffordshire, faced a UPS demand for £93 after purchasing £292 worth of bed linen from Urbanara.co.uk, which is based in Berlin, a fact she was unaware of when ordering.

 

Since 1 January, people buying goods from the EU – and vice versa – have faced import charges. The new rules have put thousands of specialist online businesses at risk as consumers on both sides of the Channel balk at having to pay the hefty import fees.

 

The UK government says European companies supplying goods valued at up to £135 direct to British buyers are supposed to collect VAT at the item’s prevailing rate – in most cases 20% – at the point of purchase. The move was branded “ludicrous” by Assen-based Dutch Bike Bits, which is among the firms that has halted all sales to the UK.

 

Online marketplaces such as Amazon collect the VAT on the retailer’s behalf and the item from Europe can be sent as before. However, UK consumers who have ordered items direct have been hit by the charges.

 

In one case the Guardian is aware of, a £35 order for running gear attracted a £20.59 demand by the courier before it could be delivered.

 

UK-based buyers placing orders of more than £135 with European websites also face having to pay import duties.

 

The easiest trade deal in human history?

 

Yeeee . . . No.

 

 

And given that there appears to be a number of issues raised by customers & a small number of companies, here in the UK & Europe, (anyone care to offer a figure as to how many companies are continuing to trade between the UK & continental Europe without raising any issues?  I'm guessing that wouldn't make headline news would it?) regards import / exports & newly imposed tax revenues, if this persists for customers both here & in Europe, the simple matter is that it can be resolved by the UK Govt & the EU Commission & or European Govts sorting it out. 

 

At the end of the day, if European customers are also having problems, then it show the current arrangements aren't benefitting anyone.  The various electorates hold the power to put pressure on their various Govts or does the European Commission, as many suspect rule the roost over European countries? 

 

Indebted to a mate of mine who put me right the other day.  Here's me thinking, probably like most on here that, I've been led to believe that if you drive East or South far enough or, you drop off the end of the World somewhere past Athens or Palermo as there's only another 27 countries in the World? 

 

Well guess what, there's another 168 countries out there!  Yes I know?  Hard to believe it isn't it? And guess what?  We trade with most of them?  And guess what? For the most part, this has been going on for centuries?  And guess what?  It involves paperwork to import / export. 

 

I know. It was news to me as well. 

Edited January 24, 2021 by Baron99

[tinfoilhat 11]

20 minutes ago, Baron99 said:

And given that there appears to be a number of issues raised by customers & a small number of companies, here in the UK & Europe, (anyone care to offer a figure as to how many companies are continuing to trade between the UK & continental Europe without raising any issues?  I'm guessing that wouldn't make headline news would it?) regards import / exports & newly imposed tax revenues, if this persists for customers both here & in Europe, the simple matter is that it can be resolved by the UK Govt & the EU Commission & or European Govts sorting it out. 

 

At the end of the day, if European customers are also having problems, then it show the current arrangements aren't benefitting anyone.  The various electorates hold the power to put pressure on their various Govts or does the European Commission, as many suspect rule the roost over European countries? 

 

Indebted to a mate of mine who put me right the other day.  Here's me thinking, probably like most on here that, I've been led to believe that if you drive East or South far enough or, you drop off the end of the World somewhere past Athens or Palermo as there's only another 27 countries in the World? 

 

Well guess what, there's another 168 countries out there!  Yes I know?  Hard to believe it isn't it? And guess what?  We trade with most of them?  And guess what? For the most part, this has been going on for centuries?  And guess what?  It involves paperwork to import / export. 

 

I know. It was news to me as well. 

And very often greater delivery times, greater delivery costs than trading with your near neighbours. Smaller businesses selling smaller items, it just doesn't work 90% of the time. As far as importing goes, I had minimum order requirements from India and China, and I expect them from my eu suppliers now - I hope not.

 

Maybe I should try and make the most of that Papua new guinea trade deal liz truss made/rolled over! 

[Longcol 600]

24 minutes ago, Baron99 said:

And given that there appears to be a number of issues raised by customers & a small number of companies, here in the UK & Europe, (anyone care to offer a figure as to how many companies are continuing to trade between the UK & continental Europe without raising any issues?  I'm guessing that wouldn't make headline news would it?) regards import / exports & newly imposed tax revenues, if this persists for customers both here & in Europe, the simple matter is that it can be resolved by the UK Govt & the EU Commission & or European Govts sorting it out. 

 

At the end of the day, if European customers are also having problems, then it show the current arrangements aren't benefitting anyone.  The various electorates hold the power to put pressure on their various Govts or does the European Commission, as many suspect rule the roost over European countries? 

 

Indebted to a mate of mine who put me right the other day.  Here's me thinking, probably like most on here that, I've been led to believe that if you drive East or South far enough or, you drop off the end of the World somewhere past Athens or Palermo as there's only another 27 countries in the World? 

 

Well guess what, there's another 168 countries out there!  Yes I know?  Hard to believe it isn't it? And guess what?  We trade with most of them?  And guess what? For the most part, this has been going on for centuries?  And guess what?  It involves paperwork to import / export. 

 

I know. It was news to me as well. 

And guess what - the trade with the other 168 countries adds up to just over half of the UK's overseas trade.

[RJRB 688]

2 hours ago, Baron99 said:

And given that there appears to be a number of issues raised by customers & a small number of companies, here in the UK & Europe, (anyone care to offer a figure as to how many companies are continuing to trade between the UK & continental Europe without raising any issues?  I'm guessing that wouldn't make headline news would it?) regards import / exports & newly imposed tax revenues, if this persists for customers both here & in Europe, the simple matter is that it can be resolved by the UK Govt & the EU Commission & or European Govts sorting it out. 

 

At the end of the day, if European customers are also having problems, then it show the current arrangements aren't benefitting anyone.  The various electorates hold the power to put pressure on their various Govts or does the European Commission, as many suspect rule the roost over European countries? 

 

Indebted to a mate of mine who put me right the other day.  Here's me thinking, probably like most on here that, I've been led to believe that if you drive East or South far enough or, you drop off the end of the World somewhere past Athens or Palermo as there's only another 27 countries in the World? 

 

Well guess what, there's another 168 countries out there!  Yes I know?  Hard to believe it isn't it? And guess what?  We trade with most of them?  And guess what? For the most part, this has been going on for centuries?  And guess what?  It involves paperwork to import / export. 

 

I know. It was news to me as well. 

There’s a good phrase to use when all you can trust in is a blind belief.

”It’ll be reyt “

Seems to cover all our future hopes for the future.

[Baron99 794]

3 hours ago, Longcol said:

And guess what - the trade with the other 168 countries adds up to just over half of the UK's overseas trade.

Of which we run a deficit.  So who needs who the greater & in the long run, on which side of The Channel will have the most suffering business when UK customers start to go, "You know what, I used to buy that product cheap from a European stockist because it was actually cheaper than buying British but since all the additional costs, it now works out cheaper to buy British / it now works out cheaper to get it imported from the Far East."

 

What we've done in the past 40 odd years, is no indication of what we'll start to do in the next decade plus.  Actually, come back to me in 47 years & we'll re-evaluate. 

Edited January 25, 2021 by Baron99