business

Crisis or speed bump? What UK vote means for economy sectors

5 Comments
By DAVID McHUGH

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5 Comments
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It might make the UK less reliant and dependent on the volatile and fickle 'financial and service sectors', and support real industries that do more than shuffle electronic money belonging to someone else to leverage profits.

Makes one also wonder if there were ever an equivalent to the present EU in Asia? A Pan-Asiatic federation, based in Singapore or Jakarta, and having its 'parliament' 4 days a month in Hong Kong or Bangkok; making up rules and enforcing laws for each of the different member countries, with its own currency, Army, embassies, and president. Just can never see it happening.

0 ( +1 / -1 )

EU would definitely not give UK as good a trade deal as their EU members since that would defeat the purpose of being favored as EU members.

2 ( +3 / -1 )

The UK joined the EU in the seventies. How many of these old agreements need changing? It is tiring to keep hearing what Obama,Merkel and others think when it is the ordinary people that live under the money gobbling EU and it is these ordinary that are PAYING to keep this bloated bureaucracy functioning.

Big government, which the EU embodies vampirically sucks and sucks.

How will it be?

Life will go on much the same as before except for the people of the UK, the number of useless rules are going to be a lot less!

2 ( +3 / -1 )

The global system in itself is fragile and vulnerable, and needs reform. Nowadays, when energy prices drop sharply in industrialized economies - lowering the costs of industrial activities and prompting consumers to spend more -- sentiment, growth and investment fall!

Globalization is excessively heavy on the downside, with only limited upside potential for mature economies. The brexit may open a small door toward a new mindset and reform.

1 ( +1 / -0 )

EU would definitely not give UK as good a trade deal as their EU members since that would defeat the purpose of being favoured as EU members. yep the leave group seem to think that they'll still have the same free trade between the EU without the added rules of being in the group. The majority of goods manufactured in the UK is exported to the EU, it would be beneficial for the EU to keep tariffs on UK goods as this would make companies move production to countries within the EU and they can take the UK jobs in the process. No, the EU has the trading advantage now and the UK is fooling itself if they think there will be more benifits than negatives by leaving the EU

1 ( +1 / -0 )

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