Timmy elsewhere

At CapX:

Nick Clegg and his friends at Open Britain have decided to treat us to another report on the horrors of Brexit and of being outside the Single Market. Mr Clegg will be joined by Chuka Umunna and Anna Soubry today to detail the coming disaster.

It goes without saying, of course, that their underlying report, from the Centre for Economics and Business Research, is wrong. Or perhaps it does need to be said. Yet again they are making a grossly incorrect statement:

“If the UK ends up outside of the single market and without a free trade arrangement, importers and exporters would face tariffs.”

But, let me say again: there is no requirement whatsoever, in EU, UK, WTO or Uncle Tom Cobbleigh’s rules that the UK must impose tariffs upon imports in the event of Brexit.

There’s more over there……

16 thoughts on “Timmy elsewhere”

  1. I’m hopeful we will be soon be able to buy 100W – even 150W – incandescent light bulbs again and also current and future EU bans on eg 500W halogens, powerful vacuum cleaners, kettles etc will be ignored in future.

    However, I expect the green Nazis here will continue to adopt the EU limits on power consumption even when we’re out.

  2. I’d settle for a collapsed economy and a peasant lifestyle if it meant I didn’t have to click that fucking cookie warning every time I opened a website…

  3. Tim Newman,

    I never bothered with it and advised my clients likewise. The penalties for not doing it were that the information commissioner would warn you that you were breaking the law, so you’d then have to do it. Assuming they cared. Which they don’t about most websites.

  4. We don’t need to have import tariffs true. Export ones may be applied – and we have no control over other nations actions.

  5. I was discussing this sort of point with my (pro-Brexit) MP on Saturday night. One minor fly in the ointment is that the EU will not agree to completely free trade, even though it would be manifestly in the interest of their exporters to do so with the UK.unless we give them free movement of people, They might however agree to nominal tariffs as per Canada, so we get all the bureaucracy without any real economic impact. Don’t you just love bureaucrats?

  6. Last year my endownment was projected to pay out £18,000. This year it is projected to pay out £25,000. Now, I’m not claiming cause and effect, but it is noticable what significant event happened between those two forecast statements. Will make my retirement 18% better off.

  7. jgh – any particular significant event? Your birthday? Christmas? The budget? The autumn statement? US presidential elections?
    Just thinking there are a ton of significant events some of which impact investments.

  8. @Alex: An Ivorian kick ball player was prevented from entering the UK last week because “non-EU nationals who have received a custodial sentence of less than 12 months within the last five years will be refused on criminality grounds”. I think if the UK could negotiate getting the same rule in for EU nationals, then a big majority of the public would accept the continuation of free movement, and we could all get along again.

  9. I get my annual forecast on 1st September, so something happened between 01-Sep-2015 and 01-Sep-2016 to shove it up. In fact, sometime between 2005-ish and 01-Sep-2016 as it was stagnating at £18k-ish for ten years, then jumped this summer.

  10. Bongo, while some would accept some free movement the problem the government have got is:
    1. People did not all vote to leave for the same reasons so some will be unhappy if there is any movement of people.
    2. Its not British negotiators deciding things. Its multiple negotiators.
    3. Add in the media drumming up hysteria…

  11. And now the spectre of what does EEA membership mean looks like trying to wriggle out of the leave vote on a technicality, though admittedly it could also be beneficial for the UK from a negotiating standpoint if used properly

  12. Bongo–also naive to believe that all the scum of the Earth has a criminal record. If someone comes from a shithole where forcibly sodomising little boys is accepted then they won’t have a record.

  13. “One minor fly in the ointment is that the EU will not agree to completely free trade, even though it would be manifestly in the interest of their exporters to do so with the UK.unless we give them free movement of people, They might however agree to nominal tariffs as per Canada, so we get all the bureaucracy without any real economic impact. ”

    *They* do. The UK can simply say it’s tariff free for all imports and then the numpties can have 27 customs layers to implement, quite pointlessly, because the only possible point for tariffs is to protect something local, but after decades of tariff-free trade, there are no such things left. So it’s a waste of time and money. But not ours. UK doesn’t need to be so stupid.

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