Yes OK then.I suppose parliament could decide not to defend a Nato ally, but we would be breaking the terms of the treaty.
If that's your definition of retaining sovereignty, we've already got it - parliament could decide to just break our EU treaties. Of course it would be the end of us as an economic, military and cultural power and we'd be the laughing stock of the world.
Who do you think pays the price for all this?
Using the figures in your scenario, anything imported from the EU would cost consumers +10% from the forex differential, and another +10% from tariffs. Inflation would sky-rocket! And that would necessitate much higher interest rates, leading to a wave of foreclosures because people couldn't keep up with their mortgage repayments any more.
Edwin, your put downs are eloquently constructed but can also be very offensive, if picked up. It's an art you've mastered.It's a fantastic thread. Very interesting.
But the point about tone is well made. There are ways to debate without making it personal, as most but sadly not all contributors have demonstrated.
Well I haven't got precise figures for every single thing it's possible to make, sorry. But I can tell you that we can't produce a lot of goods anywhere near as cheaply somewhere like India - because we don't pay people $2 per day.
EDIT - bad example obviously, but the same holds true for plenty of EU goods
I wonder if that will be the Government's last roll of the dice next week, if the polls are still moving in the wrong direction... Actually stand up in parliament and say "You know what, folks: the reason you're feeling the pinch is because of OUR policies" (i.e. tell the truth).
If Cameron and Osborne figure to be out of a job by Friday anyway, and they believe in the UK passionately enough, it's not beyond the realm of possibility that they make an admission along those lines. Osborne pretty much admitted today that the "example" emergency budget he put forward was a career-damaging move. Hats off to him for putting his beliefs on the EU ahead of personal ambition (and I say that as someone who doesn't vote Conservative).
Tone or insult ?I'm thinking cactus...
Some East European countries within the EU pay hourly rates that are a fraction of what we pay by law....but we have to accept their goods. This is an example of why the EU is failing.
Actually I think this is an example of what the EU is good at - by requiring those countries to give their workers the same rights, they at least limit their ability to undercut us. (As well as massively improving quality of life for millions of workers...) There is always going to be some inequality and actually if we want cheap goods we need cheap labour - at least for now...
House prices would potentially fall, this would of course not help the people that have opted to take out massive mortgages to buy houses that they can't afford, (lenders to advise to factor in a 3% or so interest rate rise before you borrow) but it might help those trying to get on the property ladder, so there would be winners and losers.
Also 'if' net immigration was to fall following a brexit then theoretically there would be less demand, reducing house prices meaning that people do not have to take out massive mortgages that they cannot afford.
I'm pretty certain that rights aren't implemented the same...and that they can and do undercut us across a lot of products, especially agricultural. This is why CAP exists and UK farmers are getting paid to not farm. How can that be an efficient market?
I would certainly like to see house prices fall and become more accessible, I think we benefit from being a nation of homeowners and people should be able to reasonably aspire to owning property.
However I think the way to get there is to increase supply, not cut demand. The market is failing - largely because of scarcity of land - which is exactly when Government should step in.
Let's have a construction boom
Or maybe we shouldn't be selling most new properties (in London especially) 'off plan' to foreign investors that will never live in them and don't even rent them out a lot of the time.
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