The Sin Bin • Re: Brexit Anyone? (2)
Sal Paradise wrote:
We will have because that is the way the economy have been developed - it doesn't mean that is how it has always to be. We have shown that when we put our mind to it we can be really good at manufacturing - the car factories in the NE and Derby, JCB etc
If these tariffs get so prohibitive it may well force a change to the dynamics of our economy and how it functions?
If we end up worse off due to tariff changes, it will just reduce consumer spending, making us all just a little worse off.
For most this will just mean a bit of belt tightening, just as it may for some of our EU counterparts but, for people at the bottom of the pile in our "equal and fair society" it will push them closer to the edge and in some cases over the edge.
The British workforce are just as good as other places in the world but, our wages are somewhat higher, which means that for many products, we just cannot manufacture them competitively.
I dont see any major shift in the dynamics of our economy but losing significant chunks of the financial services sector may leave the exchequer looking for other ways to boost his coffers.
Statistics: Posted by wrencat1873 — Sun Apr 30, 2017 6:18 pm