You should also look at consumed imports vs unconsumed imports. Raw numbers obscure the picture. If I import an engine from Germany, put it inside a car and then sell the car to the US. That import from Germany is putting money INTO my economy, not taking money out. Most world trade is actually like that. That's why tariffs are so much more economically damaging that people think. They disrupt efficient supply chains.
They might disrupt efficient supply chains, but the UK's economy is mainly centred around the provision of services. However, any nation unilaterally ending tariffs would place itself at a strategic disadvantage to other nations and trading blocs.
You may argue that the import of such a component is strategically sensible - nevertheless, you pay for it and therefore its value has to be deducted from the price you receive for the exported product - and if the UK made this engine itself, the value added inside its economy would be higher. Therefore it's perfectly sound to count the import of this engine. But to follow your Point - one might indeed try to make separate trade balances for investment and for consumer goods. I'm not sure if that is already done on a regular basis.
Please don’t stop uploading. Your videos are extremely informative and often unbiased, which these days is proving harder and harder to come by! Appreciate all the work you’re doing and sincerely hope you keep it up. Thank you!
Although all this being said, it would be much preferred if you strictly stuck to informational videos only rather than subjective opinionated ones. More so just to remain unbiased and a reliable source of information.
Thanks for the encouragement. Literally just took a break but we are working on a new video right now so should have some new content very soon. Yeah, I think we are leaning towards more informative videos. Although opinion based videos tend to get more views we think it's more important to provide good impartial information. We hope you are subscribed so we can keep you up to date :D
why do you only tell half the story you dont mention that a great part of our water industry is owned by the french our main exported goods are owned by the german and japanese companies one major banking group is owned by the spanish you are telling me that after we leave the eu they are going to ban bmw cars made in britain from entering the eu you are dreaming its all threats and you are part of it
Saw a documentary the other day about the Dutch harbour of Rotterdam and how they´re preparing for a no deal exit. I found it shocking how little margin there is in getting everything on board in time for shipping. Even if there´s a minute delay on every truck driving in, the amount of congestion would end up being staggering. There´s just so much stuff going from Rotterdam to the UK. I do hope all ends well.
Well in my opinion Great Britain is simply trading its dependencys from the EU to the US. The only difference is that in the EU they were a powerrfull nation among eual partners and with the US they are more like a satilite economy and state. Most likely in a similar situation as north korea and china with china having the last say in anything major :)
Thats not how it works, buisnesses flourish where it is most beneficial. If the uk dont already export things to the us then thats probably cause the us gets it cheaper somewhere else. Just cause the UK stops selling to the EU that dosent mean the US will want to start buying.
Then talk to new people. The EU is not going anywhere, after brexit the rest of Europe has been more supportive than ever of the union. You dont have to believe me but try to remember this exchange in 10 years when the union still is fine.
Indeed, the USA has already blocked the UK joining the WTO. The UK finds itself a weakened position and the USA is going to make sure it gets what it wants.
In a world where news are no longer unbiased, it is refreshing to see your unbiased approach to news and just showing the facts and letting people reflect about the issues. This is how journalism should be once again!! Your deontological code is spot on!
So when perpetuating a lie as UKIP did, it means economics don’t matter. The USA’s biggest trade partner is Canada. Mexico trades more with USA than UK. Most likely these stats of trading did not include NAFTA.
There does not seem to be any link in the video description to the source of your statistics. Can you please repost it? I just want to check them for myself, I've learned to not belive any information on the information on the internet at face value, especially not here on youtube.
Thank you so much for pointing this out, we must have missed that. All of the data used comes from the ONS's trade releases. You can find them all, and more recent information about the UK's trade on their website. www.ons.gov.uk/economy/nationalaccounts/balanceofpayments/bulletins/uktrade/previousReleases
A lot of the data also came from this very useful article www.ons.gov.uk/businessindustryandtrade/internationaltrade/articles/whodoestheuktradewith/2017-02-21
Never fear New Zealand is here to help you on your feet again. We will forgive you for ditching us in the 1970's even though we were part of the commonwealth and fed you during the wars :)
Did you notice U K imports Stats. Ireland are only the Eight biggest supplier of goods to U K out of top ten. The Brexiteers were all saying Ireland would be destroyed post Brexit. U K exports to Ireland are your fifth biggest market.
The eu also has a lot of trade agreements with the US even though they don't have a full trade agreement in the event of a no deal the UK would be without those agreements
I think any video should be very wary when explaining that any stat is falling when expressed as a percentage. I'm not saying that it is a bad stat, or that it doesn't show anything, but it gives the wrong impression. In this video it doesn't really make clear that even though the percentage the UK exports to the EU is falling as a percentage, it is actually growing in good hard currency. It can also be affected by many factors, such as that over the past 10 years some countries, especially those in poorer parts of the EU that needed bailouts during the aftermath of the 2008 financial crisis, means that this has been hindering EU growth and thus exports from the UK to the EU. Similarly other parts of the world have been growing fast, but even if the exports from the UK to say Vietnam, which I understand is growing fast, went up by 500% it would still be a tiny percentage of our overall exports. That's not to say that this wouldn't be a good thing, or that by leaving the EU this wouldn't be possible, but we'd need a hell of a lot of Vietnams to make this worthwhile compared to leaving a free trade area like the EU, which are our geographically closest neighbouring countries. What a country like Germany has done is have the best of both worlds. It is in the EU and so inside a free trade area with its biggest neighbours whilst also being able to exploit increasing exports to places like China or even Vietnam that are growing fast. The UK should have been able to do the same, but we just don't have the same internal investment in the kind of skills to create the kind of goods that countries around the world want. We do a lot of things well, excellently, sometimes even the best in the world, but most of these are in the service sector now, mainly because we destroyed our own industrial base in the 1980s under the Thatcher government. I'm sure some businesses will prosper being outside the EU, but many others that are currently so incredibly intertwined with supply lines from the EU and back out to it will really struggle if there isn't a deal hammered out, which is looking ever more likely. It will take time for new businesses relying and offering goods and services to other parts of the world while those reliant on the EU find it harder to remain competitive, or even carry on trading. I don't expect a complete meltdown when we leave, but it will be tough, and it will hit us hard but we'll survive and potter along like we have been post 2008 financial crisis where growth rates are still very low and there hasn't been much of an upturn. I'm not convinced that we'll get the level of growth outside of the EU compared to the amount we lose from being inside it. In the end a large number of the UK population have been fed the line that the EU is to blame for everything, when many of the problems have been of our own making and our own incompetent politicians and still is. When we leave there will be no ability to blame anyone but themselves, although i'm sure they'll try to pass the buck, just as they are trying to blame the EU now for the fact that they won't give in to our incredulous demands, and have shifted from the insanely ridiculous to more mildly ridiculous suggestions and thus we've given in to them so they should give in t some of our demands. It's all just a bit ridiculous and hard to believe if you take a step back.
Trade deficit - politicians love to talk about this. But nobody talks about the other money that comes into the country: tourism, students, and investors. All these keep the economy on the +side. Make a video about this balance.
The EU needs trade with the UK as much as the UK needs them. You could argue that as the EU Exports more to us than we do to them that they need a deal more, as Buyers can always go elsewhere. You could argue that Tariffs will be a major factor that will damage the UK economy and in ways you would be right, but whilst it is the importing company that pays the tariff, that tariff goes to the government in which that importer resides (IE if an English company were to buy goods from Germany, the English company will pay the Tariff to the UK Government.) So the added cost of importing doesn't leave the country. As a result of the tariffs, companies in the UK may look to source their goods from elsewhere where tariffs are lower or non existent (for example a supermarket chain in London) may start buying it's meats from Scotland rather than importing from the Netherlands as after tariffs (or without tariffs) it would work out cheaper for them and thus the consumer. This would force the Netherlands to decide whether to cut their prices to try to appeal to this supermarket chain or lose their trade with the UK. Ultimately this would result in the Netherlands (and EU as a whole) having less money whereas the UK wouldn't necessarily lose out. Obviously this works both ways and British Exports to the EU would be affected in the same way. I'm essentially arguing that a no deal Brexit would likely damage both the UK and EU economies in a very similar way, you could counter argue that the UK will suffer more overall as the EU27 collectively has more money however considering the UK would be free to make trade deals elsewhere, potentially making importing and exporting cheaper with nations like the US it really is impossible to say for certain. There is no doubt that for a short while after Brexit is complete there will be economic difficulties for both the UK and the EU, however you cannot speculate that either party will be doomed and face a major recession.
that's exactly what I am most concerned about. But I have spoken to Brexiters who think it will be great to have much closer links with the US and many more American firms here. I despair. I think they call it "taking back control", or "getting our Sovereignty back" or somesuch.
Dick Hamilton the US hasn't done anything since the 80s, and besides the U.K. Is a real ally with good people unlike South America which is the source for many of the US' problems.
"hasn't done anything since the 80s"? You're blind, son. Currently interfering in Brazil, Venezuela, El Salvador, Ecuador, Peru, Chile, Bolivia and Argentina. You make all your own 'problems'.
What I find shocking is that so many Brits don't realise that half their 'special relationship' with both the US and the commonwealth is based in the EU. Britain is in the unique position of being Europe's Harbour for US and Commonwealth trade. Both the US and Commonwealth use old British ties as an entrance to the EU, and this props up the UK's economy massively. You can already see the effects of Brexit here with Canada, Australia and New Zealand all choosing to deal with the EU directly now, and once the US will have a sensible administration again, they'll do the same. That the UK is throwing this huge asset away is just plain stupid.
What does the UK actually export to Germany, Portugal, Spain, Holland or France? I have lived in these countries and have yet to find UK products in the supermarkets or local shops.
Ireland is going to have problems with lorries using ferries through the UK traveling to Europe. The UK will put a tariff on those goods. I am not even sure if there is a ferry running from Ireland to France.
most of our import trade with US is services. Go around your house and seek out goods made in US. Not many (I can only find two low value items, together costing less than £20 - most phones and computers, chips and the like are not actually _made_ in USA).
First of all if there is a no deal not to say there should be but if there is you have to understand in respect to that trade with Africa, South America or Brazil in particular will make up the difference. so don't think we are limited to Europe we are the 5th biggest importer and 10th biggest exporter. So lets not beat about the bush.
The constituency of Jacob Rees-Mogg (a well known Brexiteers), in North East Somerset has switched to Remain now in 2018, many people changed their minds after Brexit, after they have been better educated about the process, and seeing there is no positive outcome for any FTA with the EU !
Trading with the EU is a simple matter for the UK (despite what we are told). We simply go out on WTO rules and pay the external tariff. The external tariff is roughly 3-4%. Countries that pay the tariff: Japan China USA Brazil Switzerland Russia Australia New Zealand Canada The list goes on and on. As for the term "tariff free access" this is a complete myth because Britain pay a whopping £20 Billion a year. This, in effect pays for our export "advantage". FACT: 92% of the world are NOT in the EU and trade.
Well the Brexiters are fully aware there is a world market, Britain does not have to buy from Europe. China, Japan, South Korea, Singapore, India, Australia, USA, Canada, Mexico, and Brazil do exist to import and export to. The EU doesn't hold all of the cards, the British have a good hand to play as well.
Yep, it makes it all more interesting... a lot of uncomfort and pain to come... can't wait to see it all fall on top of their heads... open trade, open skies alright
Unfortunately this video piece does not separate goods and services. Nor for that matter does it distinguish the type of goods and services. This is a most satisfactory and fustrating piece that gives insufficient information. TLDR News needs to try harder.
You could look at it another way, Trade with EU is going down year on year. Isn't it more important for UK to get rid of its trade deficit and trade more with countries we have a trade surplus with. US middle east china japan Australia. UK should join The CPTPP, a new free trade agreement bringing together 11 of the world's fastest-growing economies, including Australia, Canada, Japan, Malaysia, Mexico and Singapore. Brexit will mean wie can join the growing trade outside the EU which makes up 80% of global trade. EU markets are stagnant and decreasing year on year to the rest of the world. We actually have a trade surplus with these countries and should be exporting more to them instead of the EU, which we have a trade deficit on goods of 180 billion per year.
The act or process of buying, selling, or exchanging commodities, at either wholesale or retail, within a country or between countries. No actually, it wasn't
So Congress I have a Question did we do a bad trade I think we did on 9/11 who ever Congress traded with on 9/11 would help AMERICA find out what country was the bad trade to solve why 9/11 happened
Surely you meant to say "if the EU fails to get a good deal with Britain"..... for that would be more honestly reflective of the facts ..... but then politicians and media types rarely let little things like facts get in the way of a good scary story.
The European Union has rejected inept proposal after inept proposal from the UK government. They have the upper hand in pretty much every area. For someone who reveres 'facts', you don't really know all that many..
Quite true, but that, or the seemingly staggering ineptness of the UK negotiating team, doesn't alter one's contention which is that the EU would seem to need the UK just as much if not more than the UK needs the European Council, or Commission.
pahakasvi venuksesta .. Quite possibly it will, but that may be a very well worthwhile price for maintaining self-determination, common law and a somewhat more practical immigration policy. One hopes that soon the Europeans will wake up to the evils inherent in the EU council.
Good job. I reckon you were not economics advisor to Farage or BorisJ. They are still trying to find a better deal with the EU than the one they had before brexit. Wait a minute....how can they find a better deal than a free trade deal with the EU which is what you get when you are a member-country... ...
The EU needs Britain more than Britain needs the EU 95% of British dairy goods are exported to the EU this is something that will stay the same after the UK leaves the EU. Why should Britain export most of its stuff to the US just because the two countries are meant to have a "special relationship"? As you can tell from the video Britain is starting to trade more with the rest of the world like the US and less with the EU even though it hasn't left the EU yet. Britain's exports the the EU has fallen by 3% and over the last few years and risen with the US by 26%. If Britain wants to get richer it has to export more and import less.
It will not stay the same since import tarrifs will raise the prize of UK dairy goods in the EU. It will be picked up by the Netherlands and others. Due to import tarrifs the UK will become less competative on the EU market. Every country outside the EU is sharpening the knives to carve you up. Good luck.
why are there so little imports to Uk from African countries for products that don't grow in the EU. Is it because of distance and cost or sanctions and lack of proactivity by African traders? Quality and health reasons I understand are also an issue but surely there should be some.
I'll except as true everything you say however there are lots of it cuts both ways within your piece and that is were the but comes in eg what happens if the 17 million holiday makers decide not to go to Spain which they did last year these figures plus the numerous invisible earnings for both import and export cash flow paint a much larger deficit than that painted. Imho a deal will be made, for example Airbus cannot just up UK sticks and carry on making aircraft to meet the order books anyone in the tech business knows a production line takes years to get going. Like wise the same applies to the very complicated service industries. Sure you can move an office but the global trade links don't transfer as easy
We'll have our beautiful new blue passports, we can go anywhere , anytime. Doh!! Just like we can now with our burgundy ones which could already have been blue
In London there r prostitute houses in soho that don't move. Prostitution is illegal in England. I'd say it beyond setting an example to the word these lot r pedigree. Shameful. Boycott uk today
Could you tell me where I can download a copy of the "Special Relationship" that we trade with the US under? And has Trump had to SpecRelExit when he introduced tariffs on UK exports.
In London there r prostitute houses in soho that don't move. Prostitution is illegal in England. I'd say it beyond setting an example to the word these lot r pedigree. Shameful. Boycott uk today remember oxfam scandal? Double standards? Boycott uk
If you want to mantain your economy safe and in the meantime you wish to keep an high level on the U.K. walfare the only way is a soft-Brexit. You can have many advantages....
Just because you can't accept something, doesn't mean its biased. The UK stands to get restrictions on over 40% of its trade. The EU is not even close to that. So yea, percentage wise, it will hit the UK more.
Spinler Muckflitt Sigh, and how much is it percentage wise in the EU's trade? A lot less than 40%. Thats why it'll hit the UK more. You dont do relativity, do you? And it was 67 billion in 2017, not 80.
Spinler Muckflitt Lol, with that I can kinda agree. The EU has gotten out of hand budget and organisation wise. I must note: per capita, the UK is one of the lowest net contributors. Though, the UK never joined the Schengen agreement so the only people who are 'free' (I still have to show my ID every time) to move to the UK are other EU citizens. Thats why the French are struggling with migrant camps. Those migrants are not free to enter the UK.
there is already a non european** trade war, between china and the USA... so watch this space... the EU and UK economies are nothing alike or of the same size...therefore rationally the UK,would be hit more, but so would the world economy* the selfish UK and EU, would probably affect world trade, as much as china and usa are doing at present**, only a matter of time, that consumer and stock markets confidence too would be hit...
No that will never happen that’s as silly as saying Ireland should become part of the uk sure it could work except nobody in Ireland likes the English same way nobody in the uk likes America
So the EU has a lot more to lose in a no Brexit deal situation as we may not import as much from them. We could look elsewhere for goods of manufacture our own which potentially might be cheaper. They though will have to look elsewhere around the globe to find cheaper suppliers. So perhaps they need us as we need them so what’s the issue with a compromise, the answer “EU stubbornness in their regulations”
Not really most of the businesses which rely on trade with the EU can and will simply relocate operations across the channel. It makes no sense for them to continue in Britain and pay an unnecessary tariff
How many trade deals does the EU have? How many trade deals does the UK have? Do you want to sell to people who are close with no tariffs? Do you want to send what little stuff you do make around the world, through the Suez canal to Australia and the far east or down to central America? We're going to sell banking to poor countries? Export Nissan's to Australia (next to Japan)?......we don't make ANYTHING. NONE OF BREXIT MAKES SENSE.
EFTA members respect majority of E U regulation and freedoms, they have not only cakes and cherries, so bye, bye little England after break up of Uk deunified
Soft brexit is ideal. We stay in the single market, protecting our imports. But we can control our borders and immigration which was the main issue during the brexit vote.
Nothing is free... For years we Brits have been 'buying' business! It's in part as to why we have such a huge deficit! We give billions in the hope that countries will want to trade with us! It's a complete fallacy just like outsourcing! No deal is the best deal!
This is a distortion of the truth.Because London is the centre of the gold trade.Most of this trade is very low profit margin .In reality Britain export more to Europe than the rest of the world if you exclude gold.
Good information, so it seems that Brexit will be very negative for Europe contrary to the false claims made by Junker and the rest of the unelected, uncountable, EU Commission.
Well actually Nigel Farage said that, but UKIP got near Zero council seats in Britain, UKIP lost many after the last general elections. I don't think most people in Britain sees Farage as a good representative of their political views either. The EU commission people (Jean Claude Juncker, Federica Mogherini, Günther Oettinger, Margrethe Vestager...etc) are chosen by the 28 head of state or are elected in the EU parliament, because the constitution of the EU (which are approved by the member states) does not have provision for the public to vote directly, the EU commission act on behalf of the 28 member states.
We are Germans we pay for everything, including if Britain needs money, we are far richer than Britain, btw once you live, you go back to the same situation you were in 1975, meaning high financial devaluation that also led your prime minister seeking a solution by joining the EU. Dumb idiot !
EuroS The EU did not exist in 1975 it was the EEC, a totally different organisation. The Marshal plan guaranteed Germany's industrial success, Also in 1975 Britain was still paying the US for it's efforts in wwII. Germany has not kept to it's NATO contribution. And the German government has opened the doors of Europe wide to all peoples of the world to come and help them selves. You must be very proud.
The commission members are presented for approval to the EU parliament, that's not a choice. Most British people are constantly frustrated by our political representatives, It's called democracy
how exactly are we loosing more ? tell me 1 single thing european desperatly need that are created in the UK ? pudding ? marmite ? mini cooper ? what else ? meanwhile, what kind of wine will the british drink ? english wine ? do you believe that every middle class english will buy mini ? or will they keep buying french, italian and german cars with a tax ? what kind of food can the british cultivate ? what are the fruits you can eat from england ? this is quite limited if you compared to what the rest of the EU can produce together, do you believe european will buy english apple or perries when they can buy the exact same from france, germany, benelux or austria ? what are the luxury brand you have ? what are the weapons you create on your own soil ? what kind of plane will you have and will you even be able to make planes now that you're out of airbus ? you won't be part of the european space agency, so no special price for the future satelite launch from french guiana ect... and i'm not even talking about how many brand, banks and enterprises moved from the city in london to be located in frankfurt, paris or berlin, in the end, the life of european civilian won't be affected so much, the price of the eurostar will maybe be a bit more expensive, but again the way from the UK to france is more used than the other way ( so english will, again, be loser on that side ), on the other hand, the life of the british will change a lot, as tension for the scotish independence will be bigger, as most of the product british daily use will be taxed and as job will be lost ....
@Draft baderraser, the European Union is losing more- not Europe. You see, we fund money into this union so it can be distributed to more economically less developed nations- thus why countries like Poland have grown so much! So if we leave, there will be less money going into the E.U, so the government will have to tax the 'rich' nations more in order to cover the cost of the U.K leaving. Meaning YOU, will get higher tax. If a more 'poor' nation left, it would have the opposite effect- the E.U would have to fund less into that nation, and the more 'rich' nations would have their taxes reduced. Onto trade, Europe has a plenty big enough demand for British produce! Do you know how those cars in Germany and those planes in France are made? With British Rolls-Royce engines! What about cheese? Potatoes? Oil? the fish trade? Agriculture/farming? You do realise that Germany isn't the only car producing nation in the world! Japan, USA, China? You do realise that Britain is home to some of the most well known luxury car brands: Jaguar, Land Rover, Aston-Martin, Morgan, Lotus, Mclaren, Bentley, Rolls-Royce as well as Vauxhall! And what companies, exactly, have moved to other European cities? You do realise that there is also Argentinian, Australian, Chilean and New Zealand wine! By the way, you don't know anything about the 'British life' and anything about Scotland's current status with the U.K- you're just making guesses! In fact, Scottish 'nationalism' is on quite a sharp decline! In the recent elections in 2017 (AFTER the E.U referendum), the SNP (Scottish Nationalist Party) lost 21 seats in parliament (56 down to 35)!
never said european arn't gonna paid anything, which is why they where against the brexit, but will they really pay more than the UK ? no . without the EU, you have to buy a higher price if british airway want to have and use airbus, if you want knew satelite, you'll have to made them yourself, which would cost a lot, and then you'll have to pay again to launch them by yourself from french guinea, if you want to import stuff, you'll have to pay as much tax as you pay for other nations, which is why you're prime minister is desperatly crying in front of the EU to get a better deal, and i'm not even talking about the food you import since your island can't product enough to feed your entire nation with what is necessary ( weather it's meat or vegetables and fruits ... ) also, as we are talking about the poor nations in europe, may I remind you who exactly push the EU to accept eastern european country like tcheck republic, slovaquia, romania, bulgaria or hungary ? yep, that was you, thank's to the fact that during the cold war, you were the puppet number 1 of the US, nothing more to them than a satelite to have control over the EU ... what you say don't make any sense, first, rolls royce only have a british flag in the hearth of the english, for the rest, it's fully controled by germany, as BMW bought rolls royce, so if tomorrow they want to close every centre of production in the UK, you can say goodbye to your company ... also, even if rolls royce was still a british company, may I remind you that without clients like airbus, bmw or wolkswaggen ? airbus have plenty of company they would work with in the EU to build their engines, plus, french plane from dassault aviation create their own engines ... and what exactly about cheese, potatoes, oil, fish and farming ? 1st your cheese is disgusting and isn't bought at all by european, I mean, who the fuck would buy those stuff when you got way better ones from france, switzerland and italy ? 2 nd potaoes ? what is the deal exactly with potatoes ? again, no one in europe buy your potatoes lol 3rd oil ? if you're talking about the oil you can drink, then good luck for that, you're country don't pruduce that, if you're talking about oil for the cars, then we already have trade agrreement with countries like the UAE, saoudi arabia and russia ... ( also, most of your oil is in scotland, so I wouldn't consider it "mine" if I was you ) 4th fish ? so what fish ? europe literrally have 50 time more fishable sea zone than you do, ireland, france, belgium and germany can get the same fish as you do ... 5th agriculture and farming, again, do I really have to explain why you're useless to our agricultural system ? you can't even feed you're own population with what you have and you want to put pression on the EU with that ? no, germany isn't the only one, but combine france, germany and italy together, and you have more than 50 % of the global market in the world. and do you truly believe that your luxury cars can stand in front of brands like BMW, Audi, Mercedes, Ferrari, lamborghini, pagani, maseratti, buggatti, peugeot, renault, alfa romeo, porsh, fiat ? what company moved from the UK since brexit ? HSBC, panasonic, honda, nissan, toyota, UBS, goldman sach, EMA, easy jet, BMW, renault, airbus ... the list is quite long, I didn't count all the banks or factory that already moved or are planning to ... since 2016, the UK lost already about 25 000 Jobs ... And do you think it will be cheaper to buy wine from argentina or chilli ? ( the fact that you talked about wine from new zealand or australia is a mistery to me, like when you talked about the cheese from the UK like if it was something the wolrd was admiring ) do you think they will make a special price for the UK ? no dude, you'll buy them at the exact same price ( depending on the quality ) than the wine from france and italy, EU won't put penalities on their product, they will just sell them to you like we sell product to russia, the US or african country, you'll have to pay a tax for the fact that this product crossed your national border, just like any nation outside of the trade agreement ... BTW, I know enough about the "british life" to tell you that it's estimated that every british family will lose about 3, 500 pounds every years once the brexit will take effect in 2019 . again, we will talk about the independence of scotland once the brexit is on the road and not just a project that your useless governement keep pushing later
In London there r prostitute houses in soho that don't move. Prostitution is illegal in England. I'd say it beyond setting an example to the word these lot r pedigree. Shameful. Boycott uk today
“With Brexit only months away” I feel like I’m in a library looking at a document from the 1960’s.
You should also look at consumed imports vs unconsumed imports. Raw numbers obscure the picture. If I import an engine from Germany, put it inside a car and then sell the car to the US. That import from Germany is putting money INTO my economy, not taking money out. Most world trade is actually like that. That's why tariffs are so much more economically damaging that people think. They disrupt efficient supply chains.
Congratulations. You have just successfully argued for the EU Commission to get of its arse and cut a deal with Britain BEFORE it leave the EU!
khankrum1 But it's notnecessary to have that engine shipped to the UK......other plants can do it. That's the point.
They might disrupt efficient supply chains, but the UK's economy is mainly centred around the provision of services. However, any nation unilaterally ending tariffs would place itself at a strategic disadvantage to other nations and trading blocs.
You may argue that the import of such a component is strategically sensible - nevertheless, you pay for it and therefore its value has to be deducted from the price you receive for the exported product - and if the UK made this engine itself, the value added inside its economy would be higher.
Therefore it's perfectly sound to count the import of this engine.
But to follow your Point - one might indeed try to make separate trade balances for investment and for consumer goods. I'm not sure if that is already done on a regular basis.
David Kinnen
Well, several service industries will also suffer if the UK moves out of the common market - as is visible in the banking sector already.
Just one thing to add: The eu singlemarket is not just the 27 other EUstaates but allso Iceland Norway Lichtenstein and Switzerland too.
And Iceland
EU signed a free trade deal with Japan sa Well...
Don't they have different arrangements
Please don’t stop uploading. Your videos are extremely informative and often unbiased, which these days is proving harder and harder to come by! Appreciate all the work you’re doing and sincerely hope you keep it up. Thank you!
Although all this being said, it would be much preferred if you strictly stuck to informational videos only rather than subjective opinionated ones. More so just to remain unbiased and a reliable source of information.
Thanks for the encouragement. Literally just took a break but we are working on a new video right now so should have some new content very soon. Yeah, I think we are leaning towards more informative videos. Although opinion based videos tend to get more views we think it's more important to provide good impartial information. We hope you are subscribed so we can keep you up to date :D
TLDR News I most definitely am!
dont believe a word he says it only one sided
why do you only tell half the story you dont mention that a great part of our water industry is owned by the french our main exported goods are owned by the german and japanese companies one major banking group is owned by the spanish you are telling me that after we leave the eu they are going to ban bmw cars made in britain from entering the eu you are dreaming its all threats and you are part of it
Saw a documentary the other day about the Dutch harbour of Rotterdam and how they´re preparing for a no deal exit. I found it shocking how little margin there is in getting everything on board in time for shipping. Even if there´s a minute delay on every truck driving in, the amount of congestion would end up being staggering. There´s just so much stuff going from Rotterdam to the UK. I do hope all ends well.
Well in my opinion Great Britain is simply trading its dependencys from the EU to the US. The only difference is that in the EU they were a powerrfull nation among eual partners and with the US they are more like a satilite economy and state. Most likely in a similar situation as north korea and china with china having the last say in anything major :)
Thats not how it works, buisnesses flourish where it is most beneficial. If the uk dont already export things to the us then thats probably cause the us gets it cheaper somewhere else. Just cause the UK stops selling to the EU that dosent mean the US will want to start buying.
I mean youre free to think that but everything you just said was wrong, exept that russia wants the EU gone.
Then talk to new people. The EU is not going anywhere, after brexit the rest of Europe has been more supportive than ever of the union. You dont have to believe me but try to remember this exchange in 10 years when the union still is fine.
Indeed, the USA has already blocked the UK joining the WTO. The UK finds itself a weakened position and the USA is going to make sure it gets what it wants.
@@HansLandaNaranja Really?
These videos should be made compulsory viewing for those negotiating our future. Well done!
@0:06 The map is so hilarious! 😂 Where are Albania, Belarus, Bosnia-Herzegovina, Kosovo, Macedonia, Moldova, Montenegro and Ukraine?? 😂
vampireheart1987, their not in the EU, its a map of the EU.
In a world where news are no longer unbiased, it is refreshing to see your unbiased approach to news and just showing the facts and letting people reflect about the issues. This is how journalism should be once again!! Your deontological code is spot on!
So when perpetuating a lie as UKIP did, it means economics don’t matter. The USA’s biggest trade partner is Canada. Mexico trades more with USA than UK. Most likely these stats of trading did not include NAFTA.
There does not seem to be any link in the video description to the source of your statistics. Can you please repost it? I just want to check them for myself, I've learned to not belive any information on the information on the internet at face value, especially not here on youtube.
Thank you so much for pointing this out, we must have missed that. All of the data used comes from the ONS's trade releases. You can find them all, and more recent information about the UK's trade on their website. www.ons.gov.uk/economy/nationalaccounts/balanceofpayments/bulletins/uktrade/previousReleases
A lot of the data also came from this very useful article
www.ons.gov.uk/businessindustryandtrade/internationaltrade/articles/whodoestheuktradewith/2017-02-21
I just found a side that does a visualisation of the data. Its from the MIT in Cambridge.
atlas.media.mit.edu/en/profile/country/gbr/
The office of national statistics. It's the most reliable source of information, however, statistics are of course, entirely open to interpretation.
EU import quality is much better then other countries like china, india etc
But now a problem :(
Never fear New Zealand is here to help you on your feet again. We will forgive you for ditching us in the 1970's even though we were part of the commonwealth and fed you during the wars :)
NZ is not capable of that by far you only have cows and sheep :D and logistics are no fun aswell
Still much better beef, lamb and butter than anything from Europe :)
@@michaelgrey7854 ayy, don`t underestimate that sweet greek lamp!
Did you notice U K imports Stats. Ireland are only the Eight biggest supplier of goods to U K out of top ten.
The Brexiteers were all saying Ireland would be destroyed post Brexit.
U K exports to Ireland are your fifth biggest market.
The eu also has a lot of trade agreements with the US even though they don't have a full trade agreement in the event of a no deal the UK would be without those agreements
Trump and the USA are willing to make a trade agreement with the UK and the EU. Unfortunately the EU rejects a US trade deal.
Well done; this is actually very informative news.
And accurate as well. Although, a better selection of data would enrich the information even more.
Thank you for the knowledge.
I think any video should be very wary when explaining that any stat is falling when expressed as a percentage. I'm not saying that it is a bad stat, or that it doesn't show anything, but it gives the wrong impression. In this video it doesn't really make clear that even though the percentage the UK exports to the EU is falling as a percentage, it is actually growing in good hard currency. It can also be affected by many factors, such as that over the past 10 years some countries, especially those in poorer parts of the EU that needed bailouts during the aftermath of the 2008 financial crisis, means that this has been hindering EU growth and thus exports from the UK to the EU. Similarly other parts of the world have been growing fast, but even if the exports from the UK to say Vietnam, which I understand is growing fast, went up by 500% it would still be a tiny percentage of our overall exports. That's not to say that this wouldn't be a good thing, or that by leaving the EU this wouldn't be possible, but we'd need a hell of a lot of Vietnams to make this worthwhile compared to leaving a free trade area like the EU, which are our geographically closest neighbouring countries.
What a country like Germany has done is have the best of both worlds. It is in the EU and so inside a free trade area with its biggest neighbours whilst also being able to exploit increasing exports to places like China or even Vietnam that are growing fast. The UK should have been able to do the same, but we just don't have the same internal investment in the kind of skills to create the kind of goods that countries around the world want. We do a lot of things well, excellently, sometimes even the best in the world, but most of these are in the service sector now, mainly because we destroyed our own industrial base in the 1980s under the Thatcher government. I'm sure some businesses will prosper being outside the EU, but many others that are currently so incredibly intertwined with supply lines from the EU and back out to it will really struggle if there isn't a deal hammered out, which is looking ever more likely. It will take time for new businesses relying and offering goods and services to other parts of the world while those reliant on the EU find it harder to remain competitive, or even carry on trading. I don't expect a complete meltdown when we leave, but it will be tough, and it will hit us hard but we'll survive and potter along like we have been post 2008 financial crisis where growth rates are still very low and there hasn't been much of an upturn.
I'm not convinced that we'll get the level of growth outside of the EU compared to the amount we lose from being inside it. In the end a large number of the UK population have been fed the line that the EU is to blame for everything, when many of the problems have been of our own making and our own incompetent politicians and still is. When we leave there will be no ability to blame anyone but themselves, although i'm sure they'll try to pass the buck, just as they are trying to blame the EU now for the fact that they won't give in to our incredulous demands, and have shifted from the insanely ridiculous to more mildly ridiculous suggestions and thus we've given in to them so they should give in t some of our demands. It's all just a bit ridiculous and hard to believe if you take a step back.
Damn thats a lot to unpack😲
Numbers and stats... no opinions... like it! 👍
Trade deficit - politicians love to talk about this.
But nobody talks about the other money that comes into the country: tourism, students, and investors. All these keep the economy on the +side.
Make a video about this balance.
The EU needs trade with the UK as much as the UK needs them. You could argue that as the EU Exports more to us than we do to them that they need a deal more, as Buyers can always go elsewhere.
You could argue that Tariffs will be a major factor that will damage the UK economy and in ways you would be right, but whilst it is the importing company that pays the tariff, that tariff goes to the government in which that importer resides (IE if an English company were to buy goods from Germany, the English company will pay the Tariff to the UK Government.) So the added cost of importing doesn't leave the country.
As a result of the tariffs, companies in the UK may look to source their goods from elsewhere where tariffs are lower or non existent (for example a supermarket chain in London) may start buying it's meats from Scotland rather than importing from the Netherlands as after tariffs (or without tariffs) it would work out cheaper for them and thus the consumer. This would force the Netherlands to decide whether to cut their prices to try to appeal to this supermarket chain or lose their trade with the UK. Ultimately this would result in the Netherlands (and EU as a whole) having less money whereas the UK wouldn't necessarily lose out.
Obviously this works both ways and British Exports to the EU would be affected in the same way.
I'm essentially arguing that a no deal Brexit would likely damage both the UK and EU economies in a very similar way, you could counter argue that the UK will suffer more overall as the EU27 collectively has more money however considering the UK would be free to make trade deals elsewhere, potentially making importing and exporting cheaper with nations like the US it really is impossible to say for certain.
There is no doubt that for a short while after Brexit is complete there will be economic difficulties for both the UK and the EU, however you cannot speculate that either party will be doomed and face a major recession.
Yes, because the UK is self sufficient and can produce the things that it imports
You forgot to say that uk export 50% of it's goods to eu but eu export 8% to uk do the calk
The UK is leaving the German Empire to serve the American Empire more efficiently.
that's exactly what I am most concerned about. But I have spoken to Brexiters who think it will be great to have much closer links with the US and many more American firms here. I despair. I think they call it "taking back control", or "getting our Sovereignty back" or somesuch.
At least the U.S. won't punish you for defending your own borders culture and customs.
Vasting - try telling that to any country in South America, where the US interfere all the time.
Dick Hamilton the US hasn't done anything since the 80s, and besides the U.K. Is a real ally with good people unlike South America which is the source for many of the US' problems.
"hasn't done anything since the 80s"? You're blind, son. Currently interfering in Brazil, Venezuela, El Salvador, Ecuador, Peru, Chile, Bolivia and Argentina. You make all your own 'problems'.
Would you do an updated one with befit negotiated and in play for 2 years?
What I find shocking is that so many Brits don't realise that half their 'special relationship' with both the US and the commonwealth is based in the EU. Britain is in the unique position of being Europe's Harbour for US and Commonwealth trade. Both the US and Commonwealth use old British ties as an entrance to the EU, and this props up the UK's economy massively. You can already see the effects of Brexit here with Canada, Australia and New Zealand all choosing to deal with the EU directly now, and once the US will have a sensible administration again, they'll do the same. That the UK is throwing this huge asset away is just plain stupid.
“If you want to find out what will happen to Britain after Brexit, check our other video”. What you just said was, “I can see into the future”.
thank you
It's great that you did % but the actual money values are much more important. 20% of Italy compare to 20% of the UK is a big difference
Sources didn't make it into the description Blizzard pls fix
What does the UK actually export to Germany, Portugal, Spain, Holland or France? I have lived in these countries and have yet to find UK products in the supermarkets or local shops.
Of course not only things you find in a supermarket
@@jakobsieve8971 We don't export anything worth mentioning anymore. Maybe I am missing something - but I doubt it.
Honestly I do not have an example😂 maybe Ford
And oil I think
And pharmaceuticals
Glad we trade with USA 🇺🇸 😀.
The EU isn't a country. We can choose to put a different tariff on each country in the EU if we want if we leave.
1:43 why did you show northern ireland but not alaska
This triggers me
We have many allies inside of the eu who want a good deal for the UK because of there own national interest we are not alone
You made a mistake at 2.48. You were meant to include Saudi Arabia instead of Yemen as Yemen is not a gulf state country.
And there was me thinking that Ireland had more to loose in this Brexit import export saga.
Looks the other way round
Ireland is going to have problems with lorries using ferries through the UK traveling to Europe. The UK will put a tariff on those goods. I am not even sure if there is a ferry running from Ireland to France.
most of our import trade with US is services. Go around your house and seek out goods made in US. Not many (I can only find two low value items, together costing less than £20 - most phones and computers, chips and the like are not actually _made_ in USA).
bro most of your views are from my teacher putting you link in their homework assignment
First of all if there is a no deal not to say there should be but if there is you have to understand in respect to that trade with Africa, South America or Brazil in particular will make up the difference. so don't think we are limited to Europe we are the 5th biggest importer and 10th biggest exporter. So lets not beat about the bush.
*YAPAN*
The constituency of Jacob Rees-Mogg (a well known Brexiteers), in North East Somerset has switched to Remain now in 2018, many people changed their minds after Brexit, after they have been better educated about the process, and seeing there is no positive outcome for any FTA with the EU !
The whole constituency have reversed their opinion? Reference please.
Firstly, are you even in/from Britain, secondly where are your sources?
Literally every remainer says this about there area XD
Okay but,
Would you be interested in a trade agreement with England
Trading with the EU is a simple matter for the UK (despite what we are told). We simply go out on WTO rules and pay the external tariff. The external tariff is roughly 3-4%.
Countries that pay the tariff:
Japan
China
USA
Brazil
Switzerland
Russia
Australia
New Zealand
Canada
The list goes on and on. As for the term "tariff free access" this is a complete myth because Britain pay a whopping £20 Billion a year. This, in effect pays for our export "advantage".
FACT: 92% of the world are NOT in the EU and trade.
This should be played on continuous loop on every pro-Brexit channel. Economics for slow learners!
Well the Brexiters are fully aware there is a world market, Britain does not have to buy from Europe. China, Japan, South Korea, Singapore, India, Australia, USA, Canada, Mexico, and Brazil do exist to import and export to. The EU doesn't hold all of the cards, the British have a good hand to play as well.
jeju?
isnt UK´s economy more "service" based? and do services go into trade-statistics? because if not, that would explain UK´s trade deficit.
Yep, it makes it all more interesting... a lot of uncomfort and pain to come... can't wait to see it all fall on top of their heads... open trade, open skies alright
Why you exclude Sardinia from Italy?
Unfortunately this video piece does not separate goods and services. Nor for that matter does it distinguish the type of goods and services. This is a most satisfactory and fustrating piece that gives insufficient information. TLDR News needs to try harder.
Dont get the continent boder graphics. Why do you specifically outline the Russian border? It is a country not a continent.
A very big country compared to the very little European countries.
You could look at it another way, Trade with EU is going down year on year. Isn't it more important for UK to get rid of its trade deficit and trade more with countries we have a trade surplus with. US middle east china japan Australia. UK should join The CPTPP, a new free trade agreement bringing together 11 of the world's fastest-growing economies, including Australia, Canada, Japan, Malaysia, Mexico and Singapore. Brexit will mean wie can join the growing trade outside the EU which makes up 80% of global trade. EU markets are stagnant and decreasing year on year to the rest of the world. We actually have a trade surplus with these countries and should be exporting more to them instead of the EU, which we have a trade deficit on goods of 180 billion per year.
why does every country have a trade deficit with germany?
Because they trade more than they import ?
import is part of trade
the word you are looking for is export
The act or process of buying, selling, or exchanging commodities, at either wholesale or retail, within a country or between countries. No actually, it wasn't
they have a deficit because they import more than they export to germany
Then why ask that comment in the first place ? Is it for attention or something ?
So Congress I have a Question did we do a bad trade I think we did on 9/11 who ever Congress traded with on 9/11 would help AMERICA find out what country was the bad trade to solve why 9/11 happened
What are the Americans buying?
So in short the EU is loosing out on a good trade partner
intro song?
Surely you meant to say "if the EU fails to get a good deal with Britain"..... for that would be more honestly reflective of the facts ..... but then politicians and media types rarely let little things like facts get in the way of a good scary story.
The European Union has rejected inept proposal after inept proposal from the UK government. They have the upper hand in pretty much every area. For someone who reveres 'facts', you don't really know all that many..
Quite true, but that, or the seemingly staggering ineptness of the UK negotiating team, doesn't alter one's contention which is that the EU would seem to need the UK just as much if not more than the UK needs the European Council, or Commission.
No, not really, Greetings from Finland.Sorry, but reality is brexit without deal will harm your economy.
pahakasvi venuksesta .. Quite possibly it will, but that may be a very well worthwhile price for maintaining self-determination, common law and a somewhat more practical immigration policy. One hopes that soon the Europeans will wake up to the evils inherent in the EU council.
Nice fantasy but nope. Here in F. we have Sote, russian trolls etc. Eu is our best opinion :)
swiss is no member of eu
Good job. I reckon you were not economics advisor to Farage or BorisJ. They are still trying to find a better deal with the EU than the one they had before brexit. Wait a minute....how can they find a better deal than a free trade deal with the EU which is what you get when you are a member-country... ...
What country did Congress trade with here's your Sign
The EU needs Britain more than Britain needs the EU 95% of British dairy goods are exported to the EU this is something that will stay the same after the UK leaves the EU. Why should Britain export most of its stuff to the US just because the two countries are meant to have a "special relationship"? As you can tell from the video Britain is starting to trade more with the rest of the world like the US and less with the EU even though it hasn't left the EU yet. Britain's exports the the EU has fallen by 3% and over the last few years and risen with the US by 26%. If Britain wants to get richer it has to export more and import less.
It will not stay the same since import tarrifs will raise the prize of UK dairy goods in the EU. It will be picked up by the Netherlands and others.
Due to import tarrifs the UK will become less competative on the EU market. Every country outside the EU is sharpening the knives to carve you up.
Good luck.
The UK will become a tax haven after it leaves..
what actually great britain exports speciffically excepts for the pop music...
Very nice English mate
Where r u from? Clearly not the uk with ur English like that so what does ur country export??
Interesting times
why are there so little imports to Uk from African countries for products that don't grow in the EU. Is it because of distance and cost or sanctions and lack of proactivity by African traders? Quality and health reasons I understand are also an issue but surely there should be some.
Brexit would be a great idea if you could pick up the UK and move it close to the US.
Napoleon's dream blocus 200 years after :p
I'll except as true everything you say however there are lots of it cuts both ways within your piece and that is were the but comes in eg what happens if the 17 million holiday makers decide not to go to Spain which they did last year these figures plus the numerous invisible earnings for both import and export cash flow paint a much larger deficit than that painted.
Imho a deal will be made, for example Airbus cannot just up UK sticks and carry on making aircraft to meet the order books anyone in the tech business knows a production line takes years to get going.
Like wise the same applies to the very complicated service industries.
Sure you can move an office but the global trade links don't transfer as easy
Lee B Airbus already has other production lines! They don't need to set a new one up!
We'll have our beautiful new blue passports, we can go anywhere , anytime. Doh!! Just like we can now with our burgundy ones which could already have been blue
When you started talking about the Special Relationship all credibility vanished.
not have been the best decision in the world i ment
No deal!
yapan???
The Moon innit
In London there r prostitute houses in soho that don't move. Prostitution is illegal in England. I'd say it beyond setting an example to the word these lot r pedigree. Shameful. Boycott uk today
Son, why are you lying with statistics?
Could you tell me where I can download a copy of the "Special Relationship" that we trade with the US under? And has Trump had to SpecRelExit when he introduced tariffs on UK exports.
In London there r prostitute houses in soho that don't move. Prostitution is illegal in England. I'd say it beyond setting an example to the word these lot r pedigree. Shameful. Boycott uk today remember oxfam scandal? Double standards?
Boycott uk
If you want to mantain your economy safe and in the meantime you wish to keep an high level on the U.K. walfare the only way is a soft-Brexit.
You can have many advantages....
Found the last bit VERY BIAS the EU has more to loose than it has to gain in a trade war
Just because you can't accept something, doesn't mean its biased. The UK stands to get restrictions on over 40% of its trade. The EU is not even close to that. So yea, percentage wise, it will hit the UK more.
Spinler Muckflitt
Sigh, and how much is it percentage wise in the EU's trade?
A lot less than 40%. Thats why it'll hit the UK more. You dont do relativity, do you?
And it was 67 billion in 2017, not 80.
Spinler Muckflitt
Lol, with that I can kinda agree. The EU has gotten out of hand budget and organisation wise. I must note: per capita, the UK is one of the lowest net contributors.
Though, the UK never joined the Schengen agreement so the only people who are 'free' (I still have to show my ID every time) to move to the UK are other EU citizens. Thats why the French are struggling with migrant camps. Those migrants are not free to enter the UK.
The UK was accepting migrants before joining the EU
Nothing to do with the EU, it's the stupid multicultural ideology UK keeps
there is already a non european** trade war, between china and the USA...
so watch this space...
the EU and UK economies are nothing alike or of the same size...therefore rationally the UK,would be hit more, but so would the world economy* the selfish UK and EU, would probably affect world trade, as much as china and usa are doing at present**, only a matter of time, that consumer and stock markets confidence too would be hit...
most exported goods are made by EU firms in the uk
I Cant wait till we become the 51st STATE!!
Appears the UK is no longer a sovereign nation, all of Europe is turning all so surely into one nation, the EU without any democracy whatsoever.
No that will never happen that’s as silly as saying Ireland should become part of the uk sure it could work except nobody in Ireland likes the English same way nobody in the uk likes America
Don’t let Don Drumpf find out.
USA
So the EU has a lot more to lose in a no Brexit deal situation as we may not import as much from them. We could look elsewhere for goods of manufacture our own which potentially might be cheaper. They though will have to look elsewhere around the globe to find cheaper suppliers. So perhaps they need us as we need them so what’s the issue with a compromise, the answer “EU stubbornness in their regulations”
Not really most of the businesses which rely on trade with the EU can and will simply relocate operations across the channel. It makes no sense for them to continue in Britain and pay an unnecessary tariff
How many trade deals does the EU have?
How many trade deals does the UK have?
Do you want to sell to people who are close with no tariffs?
Do you want to send what little stuff you do make around the world, through the Suez canal to Australia and the far east or down to central America? We're going to sell banking to poor countries? Export Nissan's to Australia (next to Japan)?......we don't make ANYTHING.
NONE OF BREXIT MAKES SENSE.
EFTA members respect majority of E U regulation and freedoms, they have not only cakes and cherries, so bye, bye little England after break up of Uk deunified
Soft brexit is ideal. We stay in the single market, protecting our imports. But we can control our borders and immigration which was the main issue during the brexit vote.
I only speak English.
Nothing is free... For years we Brits have been 'buying' business! It's in part as to why we have such a huge deficit! We give billions in the hope that countries will want to trade with us! It's a complete fallacy just like outsourcing! No deal is the best deal!
This is a distortion of the truth.Because London is the centre of the gold trade.Most of this trade is very low profit margin .In reality Britain export more to Europe than the rest of the world if you exclude gold.
Source ?
I must dislike for the meme
Good informations, so it turns out that Brexit will be very negative for Britain contrary to the false claims made by the Brexiteers.
Good information, so it seems that Brexit will be very negative for Europe contrary to the false claims made by Junker and the rest of the unelected, uncountable, EU Commission.
Well actually Nigel Farage said that, but UKIP got near Zero council seats in Britain, UKIP lost many after the last general elections.
I don't think most people in Britain sees Farage as a good representative of their political views either.
The EU commission people (Jean Claude Juncker, Federica Mogherini, Günther Oettinger, Margrethe Vestager...etc) are chosen by the 28 head of state or are elected in the EU parliament, because the constitution of the EU (which are approved by the member states) does not have provision for the public to vote directly, the EU commission act on behalf of the 28 member states.
We are Germans we pay for everything, including if Britain needs money, we are far richer than Britain, btw once you live, you go back to the same situation you were in 1975, meaning high financial devaluation that also led your prime minister seeking a solution by joining the EU. Dumb idiot !
EuroS The EU did not exist in 1975 it was the EEC, a totally different organisation. The Marshal plan guaranteed Germany's industrial success, Also in 1975 Britain was still paying the US for it's efforts in wwII. Germany has not kept to it's NATO contribution. And the German government has opened the doors of Europe wide to all peoples of the world to come and help them selves. You must be very proud.
The commission members are presented for approval to the EU parliament, that's not a choice. Most British people are constantly frustrated by our political representatives, It's called democracy
The EU looses more
absolute that is true, but relativ Eu lose way less. Do not forget combined EU is a way bigger and more diverse cake than UK is.
how exactly are we loosing more ? tell me 1 single thing european desperatly need that are created in the UK ? pudding ? marmite ? mini cooper ? what else ? meanwhile, what kind of wine will the british drink ? english wine ? do you believe that every middle class english will buy mini ? or will they keep buying french, italian and german cars with a tax ? what kind of food can the british cultivate ? what are the fruits you can eat from england ? this is quite limited if you compared to what the rest of the EU can produce together, do you believe european will buy english apple or perries when they can buy the exact same from france, germany, benelux or austria ? what are the luxury brand you have ? what are the weapons you create on your own soil ? what kind of plane will you have and will you even be able to make planes now that you're out of airbus ? you won't be part of the european space agency, so no
special price for the future satelite launch from french guiana ect... and i'm not even talking about how many brand, banks and enterprises moved from the city in london to be located in frankfurt, paris or berlin, in the end, the life of european civilian won't be affected so much, the price of the eurostar will maybe be a bit more expensive, but again the way from the UK to france is more used than the other way ( so english will, again, be loser on that side ), on the other hand, the life of the british will change a lot, as tension for the scotish independence will be bigger, as most of the product british daily use will be taxed and as job will be lost ....
@Draft baderraser, the European Union is losing more- not Europe. You see, we fund money into this union so it can be distributed to more economically less developed nations- thus why countries like Poland have grown so much! So if we leave, there will be less money going into the E.U, so the government will have to tax the 'rich' nations more in order to cover the cost of the U.K leaving. Meaning YOU, will get higher tax.
If a more 'poor' nation left, it would have the opposite effect- the E.U would have to fund less into that nation, and the more 'rich' nations would have their taxes reduced.
Onto trade, Europe has a plenty big enough demand for British produce! Do you know how those cars in Germany and those planes in France are made? With British Rolls-Royce engines! What about cheese? Potatoes? Oil? the fish trade? Agriculture/farming? You do realise that Germany isn't the only car producing nation in the world! Japan, USA, China? You do realise that Britain is home to some of the most well known luxury car brands: Jaguar, Land Rover, Aston-Martin, Morgan, Lotus, Mclaren, Bentley, Rolls-Royce as well as Vauxhall! And what companies, exactly, have moved to other European cities?
You do realise that there is also Argentinian, Australian, Chilean and New Zealand wine! By the way, you don't know anything about the 'British life' and anything about Scotland's current status with the U.K- you're just making guesses! In fact, Scottish 'nationalism' is on quite a sharp decline! In the recent elections in 2017 (AFTER the E.U referendum), the SNP (Scottish Nationalist Party) lost 21 seats in parliament (56 down to 35)!
never said european arn't gonna paid anything, which is why they where against the brexit, but will they really pay more than the UK ? no .
without the EU, you have to buy a higher price if british airway want to have and use airbus, if you want knew satelite, you'll have to made them yourself, which would cost a lot, and then you'll have to pay again to launch them by yourself from french guinea, if you want to import stuff, you'll have to pay as much tax as you pay for other nations, which is why you're prime minister is desperatly crying in front of the EU to get a better deal, and i'm not even talking about the food you import since your island can't product enough to feed your entire nation with what is necessary ( weather it's meat or vegetables and fruits ... )
also, as we are talking about the poor nations in europe, may I remind you who exactly push the EU to accept eastern european country like tcheck republic, slovaquia, romania, bulgaria or hungary ? yep, that was you, thank's to the fact that during the cold war, you were the puppet number 1 of the US, nothing more to them than a satelite to have control over the EU ...
what you say don't make any sense, first, rolls royce only have a british flag in the hearth of the english, for the rest, it's fully controled by germany, as BMW bought rolls royce, so if tomorrow they want to close every centre of production in the UK, you can say goodbye to your company ...
also, even if rolls royce was still a british company, may I remind you that without clients like airbus, bmw or wolkswaggen ? airbus have plenty of company they would work with in the EU to build their engines, plus, french plane from dassault aviation create their own engines ...
and what exactly about cheese, potatoes, oil, fish and farming ?
1st your cheese is disgusting and isn't bought at all by european, I mean, who the fuck would buy those stuff when you got way better ones from france, switzerland and italy ?
2 nd potaoes ? what is the deal exactly with potatoes ? again, no one in europe buy your potatoes lol
3rd oil ? if you're talking about the oil you can drink, then good luck for that, you're country don't pruduce that, if you're talking about oil for the cars, then we already have trade agrreement with countries like the UAE, saoudi arabia and russia ... ( also, most of your oil is in scotland, so I wouldn't consider it "mine" if I was you )
4th fish ? so what fish ? europe literrally have 50 time more fishable sea zone than you do, ireland, france, belgium and germany can get the same fish as you do ...
5th agriculture and farming, again, do I really have to explain why you're useless to our agricultural system ? you can't even feed you're own population with what you have and you want to put pression on the EU with that ?
no, germany isn't the only one, but combine france, germany and italy together, and you have more than 50 % of the global market in the world. and do you truly believe that your luxury cars can stand in front of brands like BMW, Audi, Mercedes, Ferrari, lamborghini, pagani, maseratti, buggatti, peugeot, renault, alfa romeo, porsh, fiat ?
what company moved from the UK since brexit ? HSBC, panasonic, honda, nissan, toyota, UBS, goldman sach, EMA, easy jet, BMW, renault, airbus ... the list is quite long, I didn't count all the banks or factory that already moved or are planning to ... since 2016, the UK lost already about 25 000 Jobs ...
And do you think it will be cheaper to buy wine from argentina or chilli ? ( the fact that you talked about wine from new zealand or australia is a mistery to me, like when you talked about the cheese from the UK like if it was something the wolrd was admiring )
do you think they will make a special price for the UK ? no dude, you'll buy them at the exact same price ( depending on the quality ) than the wine from france and italy, EU won't put penalities on their product, they will just sell them to you like we sell product to russia, the US or african country, you'll have to pay a tax for the fact that this product crossed your national border, just like any nation outside of the trade agreement ...
BTW, I know enough about the "british life" to tell you that it's estimated that every british family will lose about 3, 500 pounds every years once the brexit will take effect in 2019 .
again, we will talk about the independence of scotland once the brexit is on the road and not just a project that your useless governement keep pushing later
@@p.b6032 rubbish absolute rubbish mate.
So Germany have a lot to lose if they can't get a good deal.. glass half full people
Eu we need each other
In London there r prostitute houses in soho that don't move. Prostitution is illegal in England. I'd say it beyond setting an example to the word these lot r pedigree. Shameful. Boycott uk today