The UK had a trade deficit problem in out of the EU. Being in caused some investment here. Hopefully as we still have access that will remain. A penalty - a world class boarder force and that has to be paid for. More red tape. In order to export to the EU we still need to demonstrate that sufficient value has been added here. In terms of rather smaller businesses that may be more stringent now than it was. We also still need to meet their rules. The biggest change in this area really is that we can influence import tariffs rather than having to stick with the EU ones. Then of course our own trade deals. Personally I wonder about the benefit of that. Negotiating power tends to relate to the market size a country or group of countries offer. The EU had loads of deals anyway so just what other ones have been obtained and do ours offer any advantage?
So Brexit is a mixed bag in some respects. However we paid in our entry fee and also got some back. Infrastructure. I travel along the heads of the valley road fairly regularly in Wales. A whole section of it was upgraded via EU money A high class road, no islands, proper feeder roads just like motorways. The work continues over the entire length of road to the same standard.
One new section finished so the Welsh stick a 50 limit on it. The current section where work continues miles of 40mph average speed limiting. Some of the current route is on what will be feeder roads until the main highway is finished. There will be yet more sections to do. Will the standard be maintained or will it go the same way as out motorway network, too expensive so not finished. Just what should levelling up money be spent on? New train station facade so it looks nicer and that sort of thing????? Knock down shops and build new ones when rental costs would increase?????
The trade deficit use to be the economic god but along comes globalisation. That caused the economics to be changed to the metrics that are used now. How those have been viewed has changed over time. eg acceptable debt levels. Now the new fiscal rules. Globalisation also caused some of our larger companies to move work overseas. Also some to drop out of market sectors as they couldn't compete with imports.
Blaming Labour for the GFC. Don't be stupid it was purely down to the banks and hit all countries who ever was in power. Why not blame covid on the Tory? Blame who you like but this type of problem crops up who ever is in power. Covid stung. Others went of their own accord. They spread due to the increase in global travel, That can't just be shut down without hitting economies.
Emergency interest rates? This appears to be what Japan did when it went bust. The general idea is great but some say Japan still hasn't fully recovered. It's an area that interests me but need to go back to MrsT's time. I knew some one who worked in a bank's head office and was told interest rates would be going up as banks had lost too much money by investing in certain parts of the world. They really did go up. Overall I can't help wondering if this wasn't a better solution but I suppose ultra low rates should allow investment to continue in uncertain times but wonder if it actually achieved that and had more of a penalty on things like house prices and consumption. End result an overheated economy with higher rates causing various problems. And also inflation. Somewhat war related.
So Brexit is a mixed bag in some respects. However we paid in our entry fee and also got some back. Infrastructure. I travel along the heads of the valley road fairly regularly in Wales. A whole section of it was upgraded via EU money A high class road, no islands, proper feeder roads just like motorways. The work continues over the entire length of road to the same standard.
One new section finished so the Welsh stick a 50 limit on it. The current section where work continues miles of 40mph average speed limiting. Some of the current route is on what will be feeder roads until the main highway is finished. There will be yet more sections to do. Will the standard be maintained or will it go the same way as out motorway network, too expensive so not finished. Just what should levelling up money be spent on? New train station facade so it looks nicer and that sort of thing????? Knock down shops and build new ones when rental costs would increase?????The trade deficit use to be the economic god but along comes globalisation. That caused the economics to be changed to the metrics that are used now. How those have been viewed has changed over time. eg acceptable debt levels. Now the new fiscal rules. Globalisation also caused some of our larger companies to move work overseas. Also some to drop out of market sectors as they couldn't compete with imports.
Blaming Labour for the GFC. Don't be stupid it was purely down to the banks and hit all countries who ever was in power. Why not blame covid on the Tory? Blame who you like but this type of problem crops up who ever is in power. Covid stung. Others went of their own accord. They spread due to the increase in global travel, That can't just be shut down without hitting economies.
Emergency interest rates? This appears to be what Japan did when it went bust. The general idea is great but some say Japan still hasn't fully recovered. It's an area that interests me but need to go back to MrsT's time. I knew some one who worked in a bank's head office and was told interest rates would be going up as banks had lost too much money by investing in certain parts of the world. They really did go up. Overall I can't help wondering if this wasn't a better solution but I suppose ultra low rates should allow investment to continue in uncertain times but wonder if it actually achieved that and had more of a penalty on things like house prices and consumption. End result an overheated economy with higher rates causing various problems. And also inflation. Somewhat war related.
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