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Nairaland Forum / Nairaland / General / Politics / Brexit Puts $8bn Nigeria, UK Trade At Risk (11330 Views)
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Re: Brexit Puts $8bn Nigeria, UK Trade At Risk by KanwuliaMama: 3:23pm On Dec 02, 2018 |
Diaspora remittances? From who, what and where? You mean HIDDEN LOOT? |
Re: Brexit Puts $8bn Nigeria, UK Trade At Risk by samlake(m): 3:37pm On Dec 02, 2018 |
They should finish what they have started, else, it will affect their economy badly... |
Re: Brexit Puts $8bn Nigeria, UK Trade At Risk by 0monnak0da: 3:42pm On Dec 02, 2018 |
Claim of Britain being largest source of capital inflow requires substantiation It is not true |
Re: Brexit Puts $8bn Nigeria, UK Trade At Risk by Nobody: 3:45pm On Dec 02, 2018 |
Sammiejokes: What you just said now is more of an internal Affair, the topic is basically about international trade relations. The UK will not have as much Job to offer foreigners when they pull out. More foreign businesses will shut down due to their exit. 1 Like |
Re: Brexit Puts $8bn Nigeria, UK Trade At Risk by komodapson(m): 4:05pm On Dec 02, 2018 |
[Youre indeed vast in international diplomacy...keep it up....quote author=Dirkcoyt post=73479480] It was a great mistake they regret! Migration was the main motivation but the people who voted were to ignorant about its economic impact.[/quote] |
Re: Brexit Puts $8bn Nigeria, UK Trade At Risk by 0monnak0da: 4:35pm On Dec 02, 2018 |
komodapson:Only time will tell whether it was a mistake. What is wrong with wanting to control immigration? In the short term there may be economic problems but they won't last for ever. The UK will be fine in 20 years. Italy passed a budget and was told to go and rewrite it because the EU did not like it. Life is rarely about binaries. Everything has advantages and disadvantages. The truth is that no one can predict the future otherwise they would have predicted the 2008 crash. The EUROPEAN economies are not doing great just now. What is happening is a concerted effort by France and Germany to punish the UK as a deterrent to others. It will not work because the US cannot trust the Germans. When their economy grows they're are known to cause trouble Today there are 5000 British troops in Germany. and 35000 US troops Why? It is naive to think this is just Economics. The US will never allow a situation where Britain becomes weakened and Germany has the opportunity to become a dominant military power 1 Like |
Re: Brexit Puts $8bn Nigeria, UK Trade At Risk by Nobody: 6:27pm On Dec 02, 2018 |
Sufisunni:UK is not in competition with China as the major export of UK are fuel, chemicals,tobbaco,food and beverages.of the top six country that consume UK products most only 3 Germany, France and Netherland are part of the EU and those 3countries actually take more goods to the UK than they receive from UK. Products made in UK only account for 18% of UK GDP (both The one consume in UK and the one export to other countries) . The UK won't be much hit. They are only taking a step backward so they can take many steps forward. They are behind Germany, France, Netherland, Italy in EU exports and may soon slip behind Belgium. Brexit must happen now or in the future. It is good that UK are taking a hit now for the future. When the system is no longer working, you get rid of it. That is why some of us have been calling for the restructuring of Nigeria. Our growth as a country has been stagnant for a long time now and we have even begin going backward. We need to take the brave decision of restructuring this country for future sake |
Re: Brexit Puts $8bn Nigeria, UK Trade At Risk by Jahwinaboy(m): 7:10pm On Dec 02, 2018 |
noturbusiness: U dey see far. I agree with u |
Re: Brexit Puts $8bn Nigeria, UK Trade At Risk by Okoroawusa: 7:26pm On Dec 02, 2018 |
socialmediaman:What else do u have to say but blame Buhari like he will be Nigeria's President for ever. |
Re: Brexit Puts $8bn Nigeria, UK Trade At Risk by socialmediaman: 7:44pm On Dec 02, 2018 |
Okoroawusa: Should I blame Atiku or Sowore? If either of them were there they would be taking the blame too. Buhari should take responsibility as Nigeria’s president, please don’t make exceptions for him |
Re: Brexit Puts $8bn Nigeria, UK Trade At Risk by 0monnak0da: 9:27pm On Dec 02, 2018 |
Sufisunni:Your premise is not logical whether true or not. How do you come to the conclusion that 3% of EUROPE economy means fewer jobs than 15% of UK economy. ? That is beer parlour statistics The EU population is 500million whilst UK is 60 million. The UK is not a major manufacturer e.g. There is no production British car anymore. It's main manufacturing strengths are specialist or niche e.g. arms. Otherwise it is mainly a service economy with particular strengths in finance. The logic of your job claim is that somehow there is greater manufacturing efficiency per capita in the EU which is absurd.. The world economy is based not just on economic efficiency but the military settlement of 1945,that is why commodities are priced in dollars. It is only the naive that believe America is so rich because of economic prowess. No it is because Japan, Korea,France and Germany as well as the UK are their vassals The US will not allow German resurgence to the point where it can once again dominate Europe militarily. When you read the tea leaves read the military ones. The UK will be fine |
Re: Brexit Puts $8bn Nigeria, UK Trade At Risk by omohayek: 9:56pm On Dec 02, 2018 |
0monnak0da:Please stop spewing nonsense about "vassals" and whatnot. The Bank of England itself just last week published a report stating that even the mildest form of Brexit would cost the UK 3.5% of GNP over the long term, while a "no-deal" Brexit would cause the worst economic contraction since possibly the 2008 crisis; the Prime Minister herself has had to acknowledge this official report, so who are you to be stating facts to the contrary? https://www.theguardian.com/business/2018/nov/28/bank-of-england-says-no-deal-brexit-would-be-worse-than-2008-crisis While you're busy sprouting propaganda and conspiracy theories, even the British publish has now moved over to a majority against Brexit, given the economic consequences it has already had, and the even worse ones on the horizon. https://www.independent.co.uk/news/uk/politics/brexit-poll-remain-leave-eu-theresa-may-deal-vote-referendum-economy-a8659736.html Maybe the people who actually live in the UK know a thing or two you don't? Just a suggestion. 4 Likes 1 Share |
Re: Brexit Puts $8bn Nigeria, UK Trade At Risk by correctguy101(m): 8:04am On Dec 03, 2018 |
noturbusiness: Wrong We're a 'former' colony of the Brits and I don't see how we wouldn't be treated as such(except smart people who knows how to negotiate takes vital positions) especially now that the media portrays "the whole lot of us" as scammers et all. All these "yes sir, yes sir" leaders we have will only lead us into 'fire from the frying pan'. Them dey do the 'yes sir' without any reasonable motive(maybe only their pockets is reasonable enough for them) Abeg morning brodaly |
Re: Brexit Puts $8bn Nigeria, UK Trade At Risk by 0monnak0da: 9:26am On Dec 03, 2018 |
omohayek:And I live in Ilasamaja? The Bank of England published a report. So what? Whatever is in that report is not your illogical claim that FEWER JOBS WILL BE LOST IN THE EU That is a fallacy Is the bank of England Nostradamus? Stop the emotional twaddle and use your head. The UK has not been a manufacturing economy for decades. The largest UK company is BP followed by HSBC and TESCO. The UK is not reliant on exports of manufactured goods. Posting irrelevant links is no substitute for thinking There is no conspiracy theory in the fact that the world economy is based on the dollar as a direct consequence of WW2. Educate yourself and stop parroting stuff you don't comprehend |
Re: Brexit Puts $8bn Nigeria, UK Trade At Risk by omohayek: 9:24pm On Dec 03, 2018 |
0monnak0da:LOL! Sure, why should I pay attention to the Bank of England, the Financial Times, The Economist, Paul Krugman, the US Federal Reserve and everyone else pointing out what ought to be blazingly obvious to anyone who's taken an elementary macroeconomics course, when I can instead submit to the wisdom of an anonymous Nigerian who provides no sources or verifiable evidence to substantiate his ridiculous, paranoid rantings? What do Britain's own Prime Minister and Chancellor of the Exchequer know, in comparison to your own towering wisdom? Tell us again how putting up barriers to trade are the secret to economic prosperity! As Plato once said, "Wise men speak because they have something to say; F.ools because they have to say something." There's no doubting your membership in the latter category, as you don't even know enough to be embarrassed into silence at your shameful ignorance. 3 Likes 1 Share |
Re: Brexit Puts $8bn Nigeria, UK Trade At Risk by 0monnak0da: 9:27pm On Dec 03, 2018 |
omohayek:Especially when you say what they did not say? When did they say more jobs would be lost in the EU and what time did the Bank of England find to study the impact in the EU? Stop talking nonsense Where is the barrier? If it is so obvious to anyone who took a basic macroeconomic course why then are they going down this route Did Ebola wipe out the macroeconomic teachers in the UK? Plato once said? Was that in the Bank of England report too? Switzerland is fine outside the EU How is immigration equal to trade? You can trade without aligning legal systems or having one currency. Refusing to subscribe to the federal government of Europe is not a barrier to trade. You are clearly parroting the reports you see online without any comprehension of their content |
Re: Brexit Puts $8bn Nigeria, UK Trade At Risk by omohayek: 9:50pm On Dec 03, 2018 |
0monnak0da:At least I provide reports: where are yours? Go ahead, name a single source which backs up all the twaddle you've vomited out above, show us one reputable expert or economic body which backs up your claptrap. And while we're at it, how lazy and ignorant do you have be not to have done the minimal amount of checking that would have told you that Switzerland is actually bound tightly to the EU by a series of treaties? https://en.wikipedia.org/wiki/Switzerland%E2%80%93European_Union_relations As I said, you don't even know enough to know when to shut up and spare yourself further embarrassment. You are as ignorant as they come, and as dumb as a rock to boot. 1 Like 1 Share |
Re: Brexit Puts $8bn Nigeria, UK Trade At Risk by 0monnak0da: 9:54pm On Dec 03, 2018 |
omohayek:That you quote the bible or Quran does not mean it is relevant You can post the whole internet and abuse your mother and father all night I am interested in one claim that the EU Will lose fewer jobs than the UK That is nonsense and not backed up by your tangential links |
Re: Brexit Puts $8bn Nigeria, UK Trade At Risk by 0monnak0da: 9:18pm On Dec 04, 2018 |
omohayek:What a dunce you are name dropping just to sound intelligent Paul Krugman described the Bank of England's figures as "Dubious " The immediate past governor of the Bank of England agrees with Paul Krugman https://www.theguardian.com/business/2018/dec/04/mervyn-king-theresa-may-brexit-deal-mark-carney But here you are projecting lies on Paul Krugman Oponu |
Re: Brexit Puts $8bn Nigeria, UK Trade At Risk by grandstar(m): 10:34pm On Dec 04, 2018 |
0monnak0da: Britain's case is different from that of Britain. Britain's case is like a divorce. If there was never any marriage in the first place, there'd be no problem. Divorces are usually messy affairs Switzerland however has Omohayek pointed out has strong ties with the EU though not a marriage. If Britain was never part of the EU, there'd never have been a problem However without free access to the EU market, I doubt Britain would have been as prosperous as it is today The financial centre that London has become today would be much smaller The car factories that set up shop here producing both for the British and EU market would be non existent and yet today provide a million well paying jobs in the manufacturing sector! Most investments into the British economy was because of easy market access into the EU market. New investments are bound to dry up and other countries will pick up the pieces left from this British folly! The Tories were fully to blame. They should have been pro Euro and campaigned for it Rather they stuck to the Thatcherite fantasy of leaving the EU and still fully enjoying it's benefits Thatcher's grouse was that UK's budget contribution towards the EEC (when she was last in power) was much higher than what they were getting in return Truth be told, Brexit is an economic death sentence and foolhardy Brexiteers in the Tories or Labour party should be ignored and a new referendum carried out. To gauge the benefit of joining EU, simply take a look at the East or Central European countries that joined the EU and those that did not. Those in the EU have buoyant economies, So buoyant and much prosperous that the citizens from the non member countries go there in droves searching for work. They are considered relatively prosperous. 2 Likes 1 Share |
Re: Brexit Puts $8bn Nigeria, UK Trade At Risk by 0monnak0da: 11:19pm On Dec 04, 2018 |
grandstar:All this long story is very interesting but irrelevant to the conversation and my point. I have only one point which is that his claim that there will be more job losses in the UK than the EU is bogus. So talking about divorce or traditional wedding is off point. There is nothing like economic death sentence so stop the doomsday talk. Even if a nuclear bomb was dropped in London the UK will recover A country that had the resourcefulness to colonize the world will find a way.... Kids read one textbook and they think they know everything |
Re: Brexit Puts $8bn Nigeria, UK Trade At Risk by grandstar(m): 12:13am On Dec 05, 2018 |
0monnak0da: Your poor understanding of economics is understandable probably gleaned from reading the nylon wraps of indomie your generation are identified with. I'll just ignore you and advise Omohayek to do likewise. They were probably bathing for you outside when I was in Unilag so I understand where you're coming from. 1 Like 1 Share |
Re: Brexit Puts $8bn Nigeria, UK Trade At Risk by 0monnak0da: 7:44am On Dec 05, 2018 |
grandstar:You are one and the same person as omohayek. Let us not pretend that there is a universal understending of economics. Certainly there is no unanimity among economists on the issue There is clear disagreement between the current head of the Bank of England and his immediate predecessor. Paul Krugman whom you falsely quoted takes exactly the opposite view to what you attributed to him. Clearly you are out of your depth, another opinionated ignoramus. |
Re: Brexit Puts $8bn Nigeria, UK Trade At Risk by grandstar(m): 7:56am On Dec 05, 2018 |
0monnak0da: We both have better things to do than engage in fruitless arguments. I'm also not the insult type. Sorry about the jab I threw at you. You started it by being demeaning for absolute no reason. Always speak respectfully to others even if you don't subscribe to their thoughts (Read Matthew 7:12, Colossians 4:6) Have a blessed day. Wish you well. Say hi to Lizzy for me. 1 Like 1 Share |
Re: Brexit Puts $8bn Nigeria, UK Trade At Risk by 0monnak0da: 8:11am On Dec 05, 2018 |
grandstar:I suggest you chant Ifa Eji oOgbe and |
Re: Brexit Puts $8bn Nigeria, UK Trade At Risk by 0monnak0da: 8:11am On Dec 05, 2018 |
grandstar:I suggest you chant Ifa Eji Ogbe and Irosun meji May Ogun protect you |
Re: Brexit Puts $8bn Nigeria, UK Trade At Risk by grandstar(m): 8:15am On Dec 05, 2018 |
0monnak0da: Are you a pagan? |
Re: Brexit Puts $8bn Nigeria, UK Trade At Risk by 0monnak0da: 8:16am On Dec 05, 2018 |
grandstar:Are you a slave? |
Re: Brexit Puts $8bn Nigeria, UK Trade At Risk by grandstar(m): 8:18am On Dec 05, 2018 |
0monnak0da: You said I should chant Ogun so just wondering! Next time, simply say have a blessed day too! 1 Like |
Re: Brexit Puts $8bn Nigeria, UK Trade At Risk by 0monnak0da: 8:22am On Dec 05, 2018 |
grandstar:You asked if I am a pagan which makes me wonder whether you have a brain or are using your masters brain. |
Re: Brexit Puts $8bn Nigeria, UK Trade At Risk by grandstar(m): 8:50am On Dec 05, 2018 |
0monnak0da: If a fool should keep quiet, people will think he has sense. But upon opening his mouth, he removes all doubt! King Solomon said its better to encounter a bear bereft of its cubs than to encounter a stupid person in his foolishness! How so true! 1 Like 1 Share |
Re: Brexit Puts $8bn Nigeria, UK Trade At Risk by 0monnak0da: 8:54am On Dec 05, 2018 |
grandstar:Quoting King Solomon does not cure foolishness. Do you have a point? |
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