Brexit Phase Two - Trade

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You could spare a thought for eagle eyed seekers of racism here. From the 60s onwards productivity has always been a British bugbear. Not as efficient as our German friends but we’ve been outdone in the productivity stakes by the French and equalled by the Italians.

Even our betters agree with it
Tory MPs criticise 'idle workers'
:rofl::rofl::rofl::rofl::rofl:



"
To see why, consider a set of statistics constantly used by our politicians. They regularly tell us that Germans and the French are 36 per cent and 30 per cent more productive than we Brits are in terms of output per hour. According to Labour politician Chuka Umunna, “it takes on average a British worker until Friday to do what equivalent workers in Germany and France will complete by the end of Thursday afternoon”.
Read that sentence again. The key word is “equivalent”. There are at least three reasons why these figures might be misleading.

First, countries with restrictive policies (high minimum wages or heavy redistribution, for example) may have inflated measured average productivity simply by virtue of low-skilled workers not having jobs. The UK unemployment rate is 4.7 per cent and we have high levels of inward migration. In France, the unemployment rate is 10.5 per cent. At least part of the difference between these countries, both looking at output per hour worked or indeed output per worker, can then be explained by the composition of the workforce.

Another crucial difference is the number of hours worked. The OECD calculates that in 2015 the average Brit worked 1,674 hours, compared to 1,482 hours in France and 1,371 hours in Germany. Given workers tend to be more productive at the start of the day than at the end, we’d also imagine that those working longer hours would tend to be less productive by the end of the week. Their average productivity would be lower because of working more hours, making deviations of GDP per hour worked with countries with shorter average working weeks starker still.

That Brits work longer hours on average is one reason why the productivity differential falls to 11 and 15 per cent with Germany and France when we look at output per worker rather than output per hour worked. Provided choices are freely made, though, it isn’t a “problem” that Brits decide to work longer but less productively – it’s a choice for which they are compensated.

A final reason why measured average productivity figures might differ between countries relates to the top-end of the labour market. If many higher-skilled older people and women tend to freely choose to spend less time in formal employment, then that again can drag down measured productivity, even though people might be “better off” in the sense of being able to fulfil their own preferences."

http://webcache.googleusercontent.c...unfavourably-french+&cd=2&hl=en&ct=clnk&gl=uk
 
You want to believe no planes will fly from next March, that’s not going to happen either.
At last we agree..... Non Eu immigration is and always has been much higher than EU immigration (also more of the EU immigrants are tax payers) I can't see HMG agreeing to an Trade deal with India on those terms which means no trade deal with India

As for the planes not flying. Not a problem the 48% who hold the money & power in the UK and employ the 51% have spoken. The UK is staying inthe ECJ and EASA (for at least a decade) that is non-negotiable. The planes will continue to fly.

Durring the 10 years *IF* the UK gets its act to gether and invests VERY heavily in setting up an infrasructure and people for a stand lone UK civil air regulator then we can part company from the ECJ and EASA. The problem is that non of the players want that at all.
 
Brexit is a cluster **** perpetrated by dribbling morons.

If a backseat driver urges you to take a detour, and you realise that this detour is a road straight over a cliff, do you just continue along the same road?

You tell them to pipe the feck down and get out the car if they don't like it.

The advisory vote for unicorns should be binned and the leavers invited to get back in their box. Or **** off to Mauritania if they hanker for WTO 'freedom'. The tossers
 

Wordsmith

LE
Book Reviewer
More on the Turkish financial crisis.

Turkish lira crisis: Turkey raises tariffs on US goods – business live
Jurgen Odenius, Economic Counsellor at PGIM Fixed Income, explains:
The root cause of the crisis lies in a leverage-financed domestic demand boom that increased the external financing requirement of Turkey’s corporations, banks, and government to an estimated $229 billion this year. Most of these liabilities fall on the private sector, mainly banks and corporations; the sovereign owes only $11 billion. What makes the problem worse is that the external financing requirement is trending up over the medium term, indicative of a long-standing over-reliance on foreign-funded leverage.​
As the lira collapses, this lending boom now is undoubtedly grinding to a sudden halt. Foreign financiers, whether they exist as banks or bond investors, are re-assessing the outlook and related repayment prospects. Western European banks from Spain and France are particularly exposed, with over half of the debt owed to them. The trouble is that the Turkish financial system and the corporate sector are short dollars.​
That's French and Spanish banks owed serious amounts of money by Turkish companies. Cue potential banking failures if the Turkish economy goes further down the sh*tter. And potentially ECB action to shore up the eurozone banking sector.

Wordsmih
 
Proper expats in Espana!



Benalmadena on the Costa del Sol. Could be Benidorm or Magaluf or even Ayia Napa to be fair. (and even seen a couple in Orlando as well).
Places to avoid although the Spanish seem to like the full English as well (less the beans) and regularly see them tucking in at the Spanish restaurants.
One of UK's very few culinary exports that have caught on (the full roast dinner on a Sunday when the temp is approaching 40C seems quite popular in some places as well).
 

Joker62

ADC
Book Reviewer
Brexit is a cluster **** perpetrated by dribbling morons.

If a backseat driver urges you to take a detour, and you realise that this detour is a road straight over a cliff, do you just continue along the same road?

You tell them to pipe the feck down and get out the car if they don't like it.

The advisory vote for unicorns should be binned and the leavers invited to get back in their box. Or **** off to Mauritania if they hanker for WTO 'freedom'. The tossers
Did someone get out of the bed on the wrong side this morning?
 
Benalmadena on the Costa del Sol. Could be Benidorm or Magaluf or even Ayia Napa to be fair. (and even seen a couple in Orlando as well).
Places to avoid although the Spanish seem to like the full English as well (less the beans) and regularly see them tucking in at the Spanish restaurants.
One of UK's very few culinary exports that have caught on (the full roast dinner on a Sunday when the temp is approaching 40C seems quite popular in some places as well).
Same in Belgium too. The Irish pubs are more popular with the people born here, rather than the immigrants you would expect to go them - they love that you can buy fish and chips, full English/Irish breakfasts etc. There is also a fake Waitrose which apparently is popular with UK NATO staff, but have never visited it.
 
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At last we agree..... Non Eu immigration is and always has been much higher than EU immigration (also more of the EU immigrants are tax payers) I can't see HMG agreeing to an Trade deal with India on those terms which means no trade deal with India

As for the planes not flying. Not a problem the 48% who hold the money & power in the UK and employ the 51% have spoken. The UK is staying inthe ECJ and EASA (for at least a decade) that is non-negotiable. The planes will continue to fly.

Durring the 10 years *IF* the UK gets its act to gether and invests VERY heavily in setting up an infrasructure and people for a stand lone UK civil air regulator then we can part company from the ECJ and EASA. The problem is that non of the players want that at all.

You need to seek help for your delusional mania,
 

Auld-Yin

ADC
Kit Reviewer
Book Reviewer
Reviews Editor
Brexit is a cluster **** perpetrated by dribbling morons.

If a backseat driver urges you to take a detour, and you realise that this detour is a road straight over a cliff, do you just continue along the same road?

You tell them to pipe the feck down and get out the car if they don't like it.

The advisory vote for unicorns should be binned and the leavers invited to get back in their box. Or **** off to Mauritania if they hanker for WTO 'freedom'. The tossers
Mmmonnngggg!!!!

You really are excelling yourself these days. Obviously the BB/OB cnutoff thread is making you worry about your cherished SPOTY accolade. Be of good heart dear chum, you are still the shoe-in for SPOTY2018! :rolleyes:
 
Brexit is a cluster **** perpetrated by dribbling morons.

If a backseat driver urges you to take a detour, and you realise that this detour is a road straight over a cliff, do you just continue along the same road?

You tell them to pipe the feck down and get out the car if they don't like it.

The advisory vote for unicorns should be binned and the leavers invited to get back in their box. Or **** off to Mauritania if they hanker for WTO 'freedom'. The tossers

Quiet day in airside sandwich loading land?
 

skid2

LE
Book Reviewer
So you don't understand how high migration - a glut of cheap workers - reduces productivity?

Reduce the supply and business has to invest in tech, which increases productivity. For example one agricultural machine will do the work of 20 crop pickers; maybe more.

It's like you want the working classes to continue living with low wages and high housing costs.
That's silly. Hi tech puts the people out of work leading to increased costs and higher prices at the till.
It's rarely that these prices come down again. But that doesn't matter because your root of all evil, migratory foreign workers will just bugger off home. Wonder who gets stuck with the high food prices, not to mention the rising inflation.

Are we back to the brexit solution, (which had nothing to do with brexit) get rid of the foreigners and we get the social mansions back?
It's a thought.
Unlike more workers producing things produces more things. Not here,
 
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Indeed - no argument with that. However, it also needs certain elements on the other side of the 'debate' to STFU in public too. It gives a bad impression of UK PLC currently. I've said it before that a National Government to steer the UK through this might have been more effective. Still, we are where we are; but for good or ill, life goes on.

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I was mocked for suggesting a national government would have been a good thing. The bad impression has very much been certain fleg wavers slagging off our allies. We are where are, it'll soon be October, a time of revolution. Comarade BoJo to move against the bourgeoisie, man of the people that he is.
 
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No it isn’t.

You can’t have a three way referendum.

Then what? Continue having referendums? Or does a hypothetical remain win kill off the issue for ever.

Historic polling on U.K. membership shows that it fluctuates between staying in and leaving. Infact we’ve seen in very recent history a desire to leave the EU up at 65%.

Is the plan to always ignore one side.

Remember, we had a referendum already on the issue and the remain camp failed to sell the benefits.
You can have multiple option referendums. HTH.
 
I'm Ashcroft has asked people before - not a minister but still in government.


And what kind of democracy prevents people from asking questions btw? Is this what Leavers secretly want? A totalitarian dictatorship? Some really do want us to be like North Korea.
Serving ministers generally do not remain serving ministers for long if they contradict stated Government policy positions.

Which is precisely what he has done
 
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