BREXIT: UK members might want to consider GAS before the June 23 referendum

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lynnb

lynnb

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If the "Leave" campaign wins the BREXIT referendum on June 23, the markets are predicting a sharp slide in the pound, to just above parity with the Euro and to around USD$1.30, or perhaps a little lower.

Any UK members looking to purchase overseas at existing exchange rates might want to think about moving quickly if leaving is seen as a real possibility.
 
Prices for classic gear from the UK are already on the high side for European users (for Americans they must be sky-high). So they will price themselves out of the market... I don't think they will Brexit 🙂
 
Huub, the prices paid by overseas buyers would go down if they leave.. to more reasonable levels 🙂

What I'd be looking forward to is price drops for photo books from bookdepository.co.uk, who are already much cheaper than Australian bookstores (by about 30-40%) - a further 30% discount would be a windfall for us Aussies..
 
popavvakum said:
The raging inferno of the Project fear came even here. If Brexit wins whihc I hope it will, I switch from Kiev to Periflex.
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Why do the Exit brigade call remain "project fear" when they are the ones making up frightening nonsense such as £350 million a week, pretending that Turkey is about to join the EU and export its entire population, etc.?

Cheers,

R.
 
Roger Hicks said:
Why do the Exit brigade call remain "project fear" when they are the ones making up frightening nonsense such as £350 million a week, pretending that Turkey is about to join the EU and export its entire population, etc.?

Cheers,

R.
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Roger, you were obviously spared in France of all that nonsense of the doomsday predictions like falling pound, exodus of NHS staff, freeze on pensions. Then came the budget promise. I am surprised they have not promised all lubricants suddenly drying up in case of Brexit... Anyway, if all the gloom turns out to be true it will cure quite a few tough GAS cases. Look at the bright side of things.
 
tom.w.bn said:
of course they would
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not necessarily. Norway is good example of non-EU country without customs to/from continent:

Wiki:
The EEA agreement grants Norway access to the EU's internal market. ...
This arrangement facilitates free movement of goods, capital, services and people between the EU and EFTA members including Norway. Free movement of goods means freedom from customs fees, where however food and beverage is excluded (because those are subsidised by the EU).
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jarski said:
not necessarily. Norway is good example of non-EU country without customs to/from continent:

Wiki:
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And how did Norway achieve this? They pay for it, they incorporate EU laws and they allow free movement of EU citizens. Those are just a few of the mandatory components if you want to have access to the EU market and those are alle the things the Brexit-Advocates in GB don't want to have. They only want to have access to the EU market without these mandatory components. And thats not possible.
 
jarski said:
not necessarily. Norway is good example of non-EU country without customs to/from continent:

Wiki:
Click to expand...

It is rather unlikely that the UK will get the same deal as Norway or other EFTA countries - these have negotiated with the EU to the point that they have accepted more or less the same rules from the EU as the latter among themselves, without being represented in the EU. The pro-leave conservatives aren't against having a say in the EU (on the contrary, they reject it for being equilateral, and want "Britain first"), but are against accepting EU rules and regulations. But the EU will hardly offer them a unilateral free ride...
 
sevo said:
It is rather unlikely that the UK will get the same deal as Norway or other EFTA countries - these have negotiated with the EU to the point that they have accepted more or less the same rules from the EU as the latter among themselves, without being represented in the EU. The pro-leave conservatives aren't against having a say in the EU (on the contrary, they reject it for being equilateral, and want "Britain first"), but are against accepting EU rules and regulations. But the EU will hardly offer them a unilateral free ride...
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I'm not sure about this.
A tax-free border would be mutual, and AFAIK UK is importing from Germany, France and Italy much more than it is exporting to them.
Therefore, it would be in main EU conuntries advantage to keep a tax-free goods exchange.
We can expect EU to folllow this route unless they really whish to punish UK.

Bottom line it would be, as we use to say, "to rip off your balls in order to punish your wife".
 
tom.w.bn & sevo, wiki I linked mentions "Norway is subject to roughly 21% of EU laws". and yes naturally there are costs, in, partly in, and out. but guess main point was about customs (edit: and exchange rates).
 
I don't think we need worry about a Brexit - the Leave campaign has not carried the country with their belittling approach to the rest of the world.

BTW Project Fear is better known as Project Stating The Bleeding Obvious.

I doubt there are many Brexiters on here as they despise experts.
 
Hi,

There's just a chance Wales and Scotland will stay in and England leave. ;-)

And the Ireland to Northern Ireland border will raise some interesting problems. Then there's all those car number plates with the blue logo and GB. Will they become illegal? Will NF lose his MEP status? It will be fun to see the revenge whoever wins will extract...

Regards, David

PS (Edit) amazing too just how willing our representatives are to avoid answering questions whilst still going on, and on, and on.
 
jarski said:
not necessarily. Norway is good example of non-EU country without customs to/from continent
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It does not apply to import VAT:

Since Norway is not part of the EU, any sale from a Norwegian business to a customer in the EU will be considered an export from Norway. Norwegian exports are exempt from VAT. However, local VAT should be added when the goods are cleared through customs in the EU state of destination.

Similarly, when goods are exported from an EU state to Norwegian customers, the seller should not charge local VAT on the sale. Norwegian VAT will be added when the goods are cleared through customs in Norway.

http://europa.eu/youreurope/business/vat-customs/cross-border/norway/index_en.htm
 
But if we were to leave where would we go?

It matters little, if a certain gentleman becomes the next US president he will blow us all to bits so borrow and spend all you can till armageddon arrives on your doorstep.
 
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