EU companies warned of 700,000 job losses in no-deal Brexit

Juninho10

Well-known member
Financial Times: More than 700,000 jobs would be at risk for EU companies exporting to Britain if the UK and Brussels fail to agree a trade deal this year, according to a leading German economic research institute.

In total, including companies outside the EU that export to the UK, there would be 1m potential job losses in a no-deal Brexit scenario, according to an unpublished report by the Halle Institute for Economic Research seen by the Financial Times.

SOURCE: https://www.ft.com/content/18ff26dc-b4c1-406d-ab68-2eacf24944b7
 

buffaloboro

Well-known member
Bang-on. Brexit is a nightmare. UK will lose out more in the long run. Great for the USA though, no one eats that. Ropey 🐔 over here..
 

UKLL1981

Well-known member
No deal Brexit was always lose lose for both sides which is why it won’t happen and was never going to happen.
 

Fat_Dragon

Member
Don't you just love so-called economic experts?

Remember when influential politicians said if we didn't join the Euro in 1999 it would be disastrous for the country?
Remember when the Minimum Wage came in, economists said the extra financial burden on companies would cost thousands of jobs?
Remember when we had the EU Referendum and they said if we voted leave we will lose up to a million jobs because of it starting the day after the vote?

Just to name a few
 
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Redwurzel

Well-known member
EU and UK businesses will both lose out with a no deal and aren't we going to pay the rest of the EU £38bn in net subsidies if there is a deal.

I read 90% of Eire's exports go to the UK.

Most of our cars seem to be produced in the EU, plus most of the wine in our shops, all our salad crops. 90% of our plants, shrubs and flowers seem to come from Holland.

There will be a deal of some sorts by the end of the year.
 

Redwurzel

Well-known member
Don't you just love so-called economic experts?

Remember when influential politicians said if we didn't join the Euro in 1999 it would be disastrous for the country?
Remember when the Minimum Wage came in, economists said the extra financial burden on companies would cost thousands of jobs?
Remember when we had the EU Referendum and they said if we voted leave we will lose a million jobs because of it starting the day after the vote?

Just to name a few

To be fair - the Blair Government decided against joining the Euro and it implemented the minimum wage despite the Conservative Party saying it would cause increased unemployment.

Most experts said jobs would be lost more when we leave. We really leave in 2021 so we don't know yet. The decline in the value of the £ has helped most manufacturers and many businesses have benefitted from extremely low interest rates - both have come to some extent from the 2016 vote.
 

Way_Out_West

Active member
Don't you just love so-called economic experts?

1. Remember when influential politicians said if we didn't join the Euro in 1999 it would be disastrous for the country?
2. Remember when the Minimum Wage came in, economists said the extra financial burden on companies would cost thousands of jobs?
3. Remember when we had the EU Referendum and they said if we voted leave we will lose a million jobs because of it starting the day after the vote?

Just to name a few
1. Politicians, not expert economists.
2. Politicians, not expert economists
3. No-one said that. Economists said when we leave there would be many massive effects, mostly negative, not that the day we vote to leave a million jobs would go; that would be ridiculous.

Not listening to experts has got us where we are today. If we didn't listen to experts we'd still think the earth is flat, vaccines don't work and leaving the largest free trade block in the world would benefit us economically.
 

ticker_tape

Well-known member
They will look a bunch of mouth all mighty if they take a deal now, WTO and nothing less from the austerity and death party.
But in reality they will take a deal and pay the cash and abide by the EU rules.
 

Fat_Dragon

Member
1. Politicians, not expert economists.
2. Politicians, not expert economists
3. No-one said that. Economists said when we leave there would be many massive effects, mostly negative, not that the day we vote to leave a million jobs would go; that would be ridiculous.

Not listening to experts has got us where we are today. If we didn't listen to experts we'd still think the earth is flat, vaccines don't work and leaving the largest free trade block in the world would benefit us economically.


1. Politicians are advised by economic so-called experts
2. I never mentioned politicians in this statement
3. https://www.gov.uk/government/news/...ost-if-it-left-eu-new-treasury-analysis-shows
https://www.independent.co.uk/news/uk/politics/eu-referendum-brexit-could-cost-half-million-public-sector-jobs-labour-figures-warn-a7080371.html
 

1finny

Well-known member
EU and UK businesses will both lose out with a no deal and aren't we going to pay the rest of the EU £38bn in net subsidies if there is a deal.

I read 90% of Eire's exports go to the UK.

Most of our cars seem to be produced in the EU, plus most of the wine in our shops, all our salad crops. 90% of our plants, shrubs and flowers seem to come from Holland.

There will be a deal of some sorts by the end of the year.

I know a few business leaders who work with government teams on Brexit contingency planning. They are far more optimistic than they have ever been that some kind of deal is on the cards.
The decision to extend talks for a further month is +ve (or -ve if you are in the lets just crack on camp).
 

Statto1

Well-known member
The "trade deficit" that was banded about, the "they need us more than we need them", means practically zero in reality, end of the day we're disrupting 50% of our trade, and have to go a lot further to replace it, and with countries with likely lower standards, or higher import costs due to logistics.

The EU is probably losing 5% of their trade, but will probably make that up by other EU companies outbidding for work against the UK.

I wouldn't want to lose 5% or 50%, but one of those is in bigger trouble than the other, and it's not the EU.
 
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