Tarrifs
Tariffs will make my raw materials more expensive to buy. I did buy some from British steel but because of Brexit they might not be around any longer.
My finished parts will become more expensive to export. I cannot absorb my raw material costs and I can't reduce my part cost to compensate for export tariffs.
So the price of my goods go up, I am already competing against low wage countries and this might be the thing that makes me un competitive.
How's that for a reason?
(, Tue 21 May 2019, 9:56, Share, Reply)
They don't want real reasons
They want reasons that they can understand
(, Tue 21 May 2019, 10:52, Share, Reply)
dont worry it's just a short term economic impact
y'know 50 yrs maybe no biggie
(, Tue 21 May 2019, 11:29, Share, Reply)
Brexit caused the decline of British Steel?
What, have you lived in a time-warp for the last 40 years?
Had it crossed your mind that you may get steel imported from elsewhere cheaper into the UK as you wont have EU import tariffs?
Jesus the steel market has been in crisis due to over-production for ages - these chaps tend to chat about it a fair bit. www.eurofer.org/News%26Events/Press%20releases.itpl I sympathise with any business issues you have but christ steel prices are more affected by Chinese consumption than Brexit (https://tradingeconomics.com/commodity/steel).
Next - Brexit caused the decline of British Shipbuilding, the car industry (thanks EU for arranging a trading deal with Japan instrumental in shutting the Swindon plant, favouring Germany and France) and the reason why you cant spell tariffs.
Brexit is going to be a pain in the arse, but compared to the predictable clusterfuck of staying will be well worth it.
(, Tue 21 May 2019, 20:22, Share, Reply)