Post
Topic
Board Politics & Society
Re: Brexit deal passes the European Parliament. 621 - 49.
by
franky1
on 31/01/2020, 13:09:45 UTC
british pound will become gradually more and more worthless british oligarchs will cut down human and worker rights more and more, eu will get rich, of angolo colonial labour that will flee their nations to get a job in eu thats whats going to happen

you really got no clue..

ok some lessons for you.
1. if exchange rate change from say $1.30/£1 to $1/£1 it will become more expensive to convert out money to go to usa/eu but it becomes cheaper for US/EU to move here. it also becomes cheaper for foreign companies to use us.
EG US company stops using irish call centre/customer service department and hires a british call centre
thus job creation

2. importing is bad for economy. so while some people doomsday that a change in value of the exchange rate =death.. i see it as a benefit
if aberdeen angus beef cost an american £16/kg and the uk/us exchange rate was $1.30/£1.. it would cost america $20.80
if the exchange rate turned to $1/£1 it would cost america $16 for the same piece of meat. this means we can sell more meat to usa because its cheaper for them... yep thats right we get to sell more to america.
or we can charge americans the same $20.80 meaning we get £20.80/kg instead of £16

3. the "tarrifs" of things like cheese, champagne, belgium chocolate are not going to be 300%.. its going to be 6-12%. the UK is used to swinging prices of 20-50% all the time. heck i have seen the price of milk in one year go from £1 to £1.50 for 4 pints. and we just pay it would thinking about it.

4. by not being limited by EU farming 'quotas' we can have our own quotas and start farming again. instead of importing. yep farming and exporting is ecnomic benefit. as shown in example 2

5. as for the chlorinated chicken fear. as shown in example 2 and 3 and 4. it becomes better to farm our own chicken instead of importing meat from other countries