Brexit problems.

pedroeibar1

pedroeibar1 wrote: »

The result is not unexpected and the ‘remain’ campaign (does it merit that word?) was an example of why that side lost.

The small guy is not interested in grandiose notions like inward investment, trade treaties, etc. S/he needed to be told basic things like “Leave and” - “Your money will be worth 10-20% less when you go on holidays” and “If you get sick when living/holidaying abroad you will have to pay” and “If you buy anything from overseas on eBay/whoever, it will be like buying from the US, you will have to pay duty & other taxes” and “If your employer is involved in exporting, the amount of paperwork and hassle will increase dramatically”. Finally, in big letters for the immigration voters, they should have been told “France will no longer protect our borders at Calais, it will be up to us to have patrols along our south coast.” (Expect a surge in boat thefts on the French side.)

Cameron was bad, Corbyn was worse and it is a disgrace that neither called Farage out on his dishonest arguments (e.g. NHS). The far Right, like the far Left here have no notion of economics yet they continue to be allowed waffle on with their economically bankrupt notions.

The EU will take a firm-ish stance, the UK is a big market and needed, but an example must be made….. The UK will not have the easy ride they expect, both on timeframe and trade allowances.

So, Ireland will get over it. FDI will increase, big companies with UK export exposure will take a whack but will recover, SME’s will take a knock for a while as the UK is their main market but remember the demand for the product will remain and it will be as complicated/expensive for the Brits to buy from any other Eurozone country. Tourism here will also suffer as the Brits will still return but not as frequently and not stay for as long. Bad debts will increase as many UK companies have become reliant on a strong sterling and are not yet prepared for what will happen, so the UK company failure rate will rise. Irish co. failures will rise also as their product prices will be undercut. As a result there will be a weeding-out process of Irish SMEs, the better ones will become bigger and stronger, those that do not act will disappear. Website designers should see an upturn in business, along with language professionals as demands to grow other markets increase.

Sadly Ireland has neither politicians (bar a very few) nor civil servants capable of turning this opportunity into a success. They will waffle on about the Border; forget about the Six counties, it is an irrelevance!

Two and a half years later, much of the above has come to pass. Sadly our over-strict financial regulation has frightened off the big financials from coming here - instead they've gone elsewhere (mainly to Luxembourg). Our government has fallen into the trap of blathering on about the Border with the Six Counties. The average Brit has neither idea of nor interest in the GFA / Backstop, and is now blaming ‘the bloody Irish’ for being difficult. The Brits’ Dunkirk spirit has re-emerged.

Our national import / export corridor through mainland UK is about to be destroyed. As a result the number of Irish jobs at risk in Meat/Dairy alone is about 4,000.

Is this sufficient for Ireland to be put on an ‘economic war’ footing?
How prepared is your business?
What should Ireland Inc. do?

Gloomtastic!

Relevant thread over in Politics.....

https://touch.boards.ie/thread/2057960610/1/#post109556272