Another Benefit of Brexit?

I wonder how many realise the Morocco has a Trade Deal Agreement with the EU. So produce is exported there first until saturation- and only go beyond if there is any extra. Factor in extra transports costs and petrol/diesel, refrigeration, long queues at Calais and red tape ...

Fleurpepper

On the One Show- electric heaters which are real dangers! No more regs re CE standards. Anything goes, from anywhere- danger or not.

We already have an equivalent UK approval scheme the UKCA, equivalent to CE but only recognized on the U.K. - madness.

Dinahmo

Katie59

Katie59

I’ve just been reading up on ARM, sold recently to US company Nvidia for $40m, concentrating on Artificial Intelligence and report expanding Cambridge research

They do describe what they sell as “products” not services, we need far more innovation of all kinds.

Correction typo $40bn

And that is one of the problems - the profits will be going to the US shareholders and not stay in the UK. Also, American companies have a reputation for buying smaller companies, former competitors perhaps, and then closing them.

Actually the £23 billion profit selling ARM went to previous parent company SoftBank a Japanese company, future profits will go to the US.
The UK will receive the taxation on the UK earnings of the workers, as consolation.

The fourth delay in introducing the checks left the farming industry aghast. Spot checks have already revealed that sub-standard meat is entering the country and the industry is terrified that the failure to inspect imports properly could lead to an outbreak of African Swine Fever or another highly contagious and devastating disease. But the government insisted that at a time of rising prices, it would be madness to introduce checks at the UK’s borders.

But the real reason for the delay to the checks is now becoming clearer. Brennan says that when they come – and they are now just eight months away – they will cause a huge problem. The current shortages are just a small sign of what may lie ahead.

As he explains, when those new controls were expected to be introduced last year, “We were clear at that time that this would have collapsed a significant part of the food supply chain into the UK”.

In short, you ain’t seen nothing yet.

Funnily enough, the real issue would not be with fruit and veg, which are not heavily checked. The problems would arise mainly with meat and dairy products and anything containing either.

They not only require extensive checking, many need to be approved by vets as well. But the main problem as Shane Brennan told me is “because of what we call groupage. That is small business loads, with more than one customer on the same lorry – (the customers) would have faced significant additional costs and disruption and they would have just stopped doing it. We know that would have happened because it is what happened to exports when the EU introduced the same controls” on UK exports to the EU in 2021. '

On the One Show- electric heaters which are real dangers! No more regs re CE standards. Anything goes, from anywhere- danger or not.

Katie59

Katie59

I’ve just been reading up on ARM, sold recently to US company Nvidia for $40m, concentrating on Artificial Intelligence and report expanding Cambridge research

They do describe what they sell as “products” not services, we need far more innovation of all kinds.

Correction typo $40bn

And that is one of the problems - the profits will be going to the US shareholders and not stay in the UK. Also, American companies have a reputation for buying smaller companies, former competitors perhaps, and then closing them.

Why is there a shortage of tomatoes and other fruit and vegetables in the UK?

Could this possibly be another benefit of brexit?

When climate and fuel prices affect the countries in Europe which produce the fruit and vegetables we buy in UK supermarkets, their priority is to supply the rest of the EU, not a third country like the UK.

Katie59

I’ve just been reading up on ARM, sold recently to US company Nvidia for $40m, concentrating on Artificial Intelligence and report expanding Cambridge research

They do describe what they sell as “products” not services, we need far more innovation of all kinds.

Correction typo $40bn

Just another lie?J

Romola I was being sarcastic when I mentioned financial services. After all we heard before the referendum that our organisations were the best in the world and that contributed so much to the country's wealth. Obviously not the case now.

I’ve just been reading up on ARM, sold recently to US company Nvidia for $40m, concentrating on Artificial Intelligence and report expanding Cambridge research

They do describe what they sell as “products” not services, we need far more innovation of all kinds.

Mamie

growstuff

A service company which hardly anybody has ever heard of is Arm (arm), even though virtually everybody with a smartphone uses one of its products. It doesn't actually produce anything physical, but the company was valued at £23.4 billion in 2016. The company designs and licenses instructions for semiconductors. Unfortunately, the company is no longer British-owned, but its HQ is still in Cambridge and employs about 3000 people.

Making money isn't just about producing "stuff". It includes using a relatively highly educated and healthy workforce to add value. It's the modern equivalent of turning lumps of wood into tables and chairs, which people can actually use.

I know about Arm chips. Oh the joys of teaching teachers to use Acorn computers.
*exec!bat How could anyone forget? 😂😂😂

Arm has moved on since Acorn. And we had them too, as one of the pupils at my school was one of the original founders and we got a load of Acorn computers for free.

The point I'm making is that "services" aren't just an add-on to the productive economy. Mark Zuckerberg, for example, is one of the richest people in the world and he made his money from providing a service. They have a value, which can be quantified just as easily as the profits from manufacturing physical goods.

👀

“Memo to Rishi Sunak … next time you are in public say the words “I am not convinced that I should be listening too closely to the person who created this mess for the best advice on how to clear it up. Now kindly shut up and go away.”

AC

And yet, imagine that the DUP will be the first ones to massively complain that they have lost their economic advantage over the rest of the UK !?!

Starmer has said that he will support Sunak over the NI protocol in order to get get things moving again, particularly regarding the Assembly which has been totally abandoned by the DUP who have thrown a tantrum over the protocol and of course losing their majority.

This would also put pay to any nonsense emanating from the ERG and Johnson, who is constantly on manoeuvres. Sunak can have the confidence to produce an agreement fit for purpose and which will ensure things get back to normal in NI.

growstuff

A service company which hardly anybody has ever heard of is Arm (arm), even though virtually everybody with a smartphone uses one of its products. It doesn't actually produce anything physical, but the company was valued at £23.4 billion in 2016. The company designs and licenses instructions for semiconductors. Unfortunately, the company is no longer British-owned, but its HQ is still in Cambridge and employs about 3000 people.

Making money isn't just about producing "stuff". It includes using a relatively highly educated and healthy workforce to add value. It's the modern equivalent of turning lumps of wood into tables and chairs, which people can actually use.

I know about Arm chips. Oh the joys of teaching teachers to use Acorn computers.
*exec!bat How could anyone forget? 😂😂😂

A service company which hardly anybody has ever heard of is Arm (arm), even though virtually everybody with a smartphone uses one of its products. It doesn't actually produce anything physical, but the company was valued at £23.4 billion in 2016. The company designs and licenses instructions for semiconductors. Unfortunately, the company is no longer British-owned, but its HQ is still in Cambridge and employs about 3000 people.

Making money isn't just about producing "stuff". It includes using a relatively highly educated and healthy workforce to add value. It's the modern equivalent of turning lumps of wood into tables and chairs, which people can actually use.

Romola

In the UK, services account for about 80% of output and jobs. It's harder to increase productivity in service jobs than in manufacturing, so people in this country haven't been getting richer for some years. Brexit has also put the brakes on as our financial services have to some extent gone to Paris and Frankfurt, another loss which was predicted at the time of the referendum.
There is a bit of hope for the service sector as the new AI platforms like ChatGPT could make it more productive - but possibly with the loss of some jobs.
Varian I absolutely agree that remaining in the EU would have meant that our strengths would complement those of the other countries.

Don't confuse "services" and "financial services".

Services include things such as hairdressing, gardening, cleaning, car maintenance, etc. We all need those for our quality of life. They make profits for the providers and keep money flowing around the economy.

Katie59

growstuff

According to the ONS, the UK's top exports in 2022 were precious metal production, aircraft parts, motor vehicles, pharmaceuticals, refined petroleum, natural gas and crude petroleum, jewellery, clothing, organic basic chemicals, plastics and plastic production.

Don’t count precious metals we don’t have any gold mines in UK it’s just trading.

No, it's not. The UK’s precious metals industry is involved in refining precious metals such as gold, silver, and platinum. Once refined the metals are used in a variety of applications including motor vehicle manufacturing, jewellery manufacturing, and computer and peripheral equipment manufacturing.

The precious metal production industry also produces precious metal alloys and metal foil laminates.

growstuff

According to the ONS, the UK's top exports in 2022 were precious metal production, aircraft parts, motor vehicles, pharmaceuticals, refined petroleum, natural gas and crude petroleum, jewellery, clothing, organic basic chemicals, plastics and plastic production.

Don’t count precious metals we don’t have any gold mines in UK it’s just trading.

In the UK, services account for about 80% of output and jobs. It's harder to increase productivity in service jobs than in manufacturing, so people in this country haven't been getting richer for some years. Brexit has also put the brakes on as our financial services have to some extent gone to Paris and Frankfurt, another loss which was predicted at the time of the referendum.
There is a bit of hope for the service sector as the new AI platforms like ChatGPT could make it more productive - but possibly with the loss of some jobs.
Varian I absolutely agree that remaining in the EU would have meant that our strengths would complement those of the other countries.

Whatever happened to financial services?

According to the ONS, the UK's top exports in 2022 were precious metal production, aircraft parts, motor vehicles, pharmaceuticals, refined petroleum, natural gas and crude petroleum, jewellery, clothing, organic basic chemicals, plastics and plastic production.

Katie59

It doesn’t have to be cheaper just better we buy lots of German cars and other stuff because we like it, we think it’s good value and it usually is.

Let’s make it ourselves.

The majority of people in the UK don't buy German cars because they can't afford them.

Yes, let's make stuff ourselves, but only if it will sell at the price we can produce it. The fact is that most people can't afford to virtue signal and need to buy cheaply.

China can undercut the UK on price because it has a lower cost of living. We could always impose tariffs, but that would raise prices and lead to inflation.

The UK became great in the nineteenth century because it exploited its empire for raw materials and paid its workers a pittance. Is that what people really want?

varian

The UK has always has certain strengths - sectors of the economy where we have excelled. So have the 27 countries of the EU. We all have different strengths and so we were better together than apart. The sum of the parts is less than the whole European Union working together.

Even if we could strike brilliant trade deals with faraway lands (no sign of that so far), how could that possibly make sense in a world where we must reduce emissions to save the planet?

I’m trying hard to name our strengths