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Cbi Boss Sir Mike Rake: Britain Must Stay In Eu

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http://www.telegraph.co.uk/finance/financialcrisis/10150729/CBI-boss-Sir-Mike-Rake-Britain-must-stay-in-EU.html

The article is pro EU but the vote by the readers is against the EU. To be fair I think being in the EU and having loads of cheap labour is in the interest of business. How ever it is against the interest of Brits that work for a living to have their wages driven down.

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http://www.telegraph.co.uk/finance/financialcrisis/10150729/CBI-boss-Sir-Mike-Rake-Britain-must-stay-in-EU.html

The article is pro EU but the vote by the readers is against the EU. To be fair I think being in the EU and having loads of cheap labour is in the interest of business. How ever it is against the interest of Brits that work for a living to have their wages driven down.

Aren't we continually told that the choice is either a job that pays less, or no job at all?

I don't necessarily agree with that argument, but if those business leaders move work away from the country, we could be in a very sticky position for a while (tbh I can only see the pound falling in value to make us more competitive, but I hope I'm wrong)

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The telegraph link is subscription only but there's a yahoo link.

http://

uk.finance.yahoo.com/news/cbi-boss-sir-mike-rake-204836488.html

Sir Mike Rake, the new president of the CBI, has said that continued membership of the European Union is "overwhelmingly" in the UK's economic interests ahead of a new report backing EU membership signed by 160 chief executives and business leaders.

So he's telling the CBI position - what's new.

He's saying nothing new. That's been the position of the CBI for decades now and the eu does benefit them enormously due to cheap labour. Way back they would claim that the eu would be good for the UK as a whole rather than just business but they still try to pretend it's good for the UK as a whole by saying stuff like it's good for the economy when they really mean that in the main it's only been good for the top people.

The rest have got more and more debt which will have to be paid for soon enough.

It's matterless what Rake and the CBI think if there's a referendum on the eu.

Edited by billybong

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It always amuses me how much the UK blames 'problems' on the Euro and Europe.

The UK pays out a huge amount of money, which ends up in the pockets of Polish, Spanish and Irish farmers. The farmers then export their subsidized goods back to the UK. Where is the problem?

The UK just wants a free lunch! They want the subsidized goods without contributing.

The constant propaganda against the Euro is rubbish, many of the issues such as credit expansion causing property bubbles could have been prevented by local regulation on borrowing limits.

For example:

Greece, wouldn't they still be in the shit if they weren't in the Euro? Devalued currency, soaring inflation, high unemployment. Similar issues with Spain and Ireland.

There would be another dimension to the crisis that without the Euro some of the countries would be in a worse state and they wouldn't have Germany and France behind them.

As in the UK example, the UK is not part of the Euro and with the exception of domestic asset prices the country is in just as hopless position as Spain.

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The UK pays out a huge amount of money, which ends up in the pockets of Polish, Spanish and Irish farmers. The farmers then export their subsidized goods back to the UK. Where is the problem?

Oh, so all that money we pay just goes to reduce the price of food we consume does it? No bureaucratic monster of a legislature, no corruption, no fraud and waste? Well thank goodness for that!

Your post is utter drivel.

If we pretend that your post isn't utter drivel for a moment then the logical outcome would be that the EU is entirely unnecessary anyway as we and the foreign farmers could come to our own price agreements without artificial subsidy. Either way we don't need the EU.

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Oh, so all that money we pay just goes to reduce the price of food we consume does it? No bureaucratic monster of a legislature, no corruption, no fraud and waste? Well thank goodness for that!

Your post is utter drivel.

If we pretend that your post isn't utter drivel for a moment then the logical outcome would be that the EU is entirely unnecessary anyway as we and the foreign farmers could come to our own price agreements without artificial subsidy. Either way we don't need the EU.

european farming policy was supposed to ensure we had constant supplies of all produce, by ensuring the free market didnt operate in Europe, and that farmers could plan their carreers based on what the wanted to produce...whether or not the customers wanted it.

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Telegraph web readers in a majority are against the EU. Quell suprise.

On a wider persepctive, electors led by partial information and propaganda have voted contrary to logic throughout history. 1930s Germany springs to mind.

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It always amuses me how much the UK blames 'problems' on the Euro and Europe.

The UK pays out a huge amount of money, which ends up in the pockets of Polish, Spanish and Irish farmers. The farmers then export their subsidized goods back to the UK. Where is the problem?

The UK just wants a free lunch! They want the subsidized goods without contributing.

The constant propaganda against the Euro is rubbish, many of the issues such as credit expansion causing property bubbles could have been prevented by local regulation on borrowing limits.

For example:

Greece, wouldn't they still be in the shit if they weren't in the Euro? Devalued currency, soaring inflation, high unemployment. Similar issues with Spain and Ireland.

There would be another dimension to the crisis that without the Euro some of the countries would be in a worse state and they wouldn't have Germany and France behind them.

As in the UK example, the UK is not part of the Euro and with the exception of domestic asset prices the country is in just as hopless position as Spain.

i think your understanding of subsidy is slightly misguided.

farmers are subsidised in terms of putting money in their pocket. thats where the subsidy goes - it does not drive down prices. in fact quite the opposite occurs.

firstly you pay farming subsidies to farmers. then the EU also creates imports tariffs to make imported food from around the world beef, chicken, fruit, veg, more expensive which drives up the price of food that in a free market should be cheaper.

it adds about 20% to your weekly shopping bill.

so you are paying subsidies to keep farmers in work, and then also being forced to pay a higher price for your food. its a double cost.

by paying farmers to farm the land (in some cases paying them not to farm their land) you are also restricting your land for farming use which would be better used for housing. so in that respect, that creates a triple cost by increasing land prices.

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It always amuses me how much the UK blames 'problems' on the Euro and Europe.

The UK pays out a huge amount of money, which ends up in the pockets of Polish, Spanish and Irish farmers. The farmers then export their subsidized goods back to the UK. Where is the problem?

The UK just wants a free lunch! They want the subsidized goods without contributing.

The constant propaganda against the Euro is rubbish, many of the issues such as credit expansion causing property bubbles could have been prevented by local regulation on borrowing limits.

For example:

Greece, wouldn't they still be in the shit if they weren't in the Euro? Devalued currency, soaring inflation, high unemployment. Similar issues with Spain and Ireland.

There would be another dimension to the crisis that without the Euro some of the countries would be in a worse state and they wouldn't have Germany and France behind them.

As in the UK example, the UK is not part of the Euro and with the exception of domestic asset prices the country is in just as hopless position as Spain.

This is quite possibly the poorest and most ignorant post I've ever seen on this or any website.

Either you are a wind up merchant or you have the intelligence of a sponge.

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I am totally against private banks and private landlords getting my tax money through HB.

I would like to see more social housing. If it cost £100,000 to build a house that can stand for 100 years that is only £1,000 a year or £20 a week.

However as long as we have an open door approach to immigration we wont get anywhere 100,000 new houses a 100,000 new immigrant family's.

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It always amuses me how much the UK blames 'problems' on the Euro and Europe.

The UK pays out a huge amount of money, which ends up in the pockets of Polish, Spanish and Irish farmers. The farmers then export their subsidized goods back to the UK. Where is the problem?

The UK just wants a free lunch! They want the subsidized goods without contributing.

The constant propaganda against the Euro is rubbish, many of the issues such as credit expansion causing property bubbles could have been prevented by local regulation on borrowing limits.

For example:

Greece, wouldn't they still be in the shit if they weren't in the Euro? Devalued currency, soaring inflation, high unemployment. Similar issues with Spain and Ireland.

There would be another dimension to the crisis that without the Euro some of the countries would be in a worse state and they wouldn't have Germany and France behind them.

As in the UK example, the UK is not part of the Euro and with the exception of domestic asset prices the country is in just as hopless position as Spain.

A Free lunch? We are one of the few net contributors to the EU. Its not even near a free lunch. Its paying Ritz prices in return for Soup Kitchen slop.

Why would you pay a subsidy if you don't have to?

Are they not going to export to us?!

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i think your understanding of subsidy is slightly misguided.

farmers are subsidised in terms of putting money in their pocket. thats where the subsidy goes - it does not drive down prices. in fact quite the opposite occurs.

firstly you pay farming subsidies to farmers. then the EU also creates imports tariffs to make imported food from around the world beef, chicken, fruit, veg, more expensive which drives up the price of food that in a free market should be cheaper.

it adds about 20% to your weekly shopping bill.

so you are paying subsidies to keep farmers in work, and then also being forced to pay a higher price for your food. its a double cost.

by paying farmers to farm the land (in some cases paying them not to farm their land) you are also restricting your land for farming use which would be better used for housing. so in that respect, that creates a triple cost by increasing land prices.

thats nearer the truth. We pay subsidies because a load of inefficient french farmers cant compete with the low prices non-EU farmers can compete at and supply to us anyway. It creates poverty in the developing world and malinvestment in the EU. Ironically before the EU we had surprisingly good trade relations with the Argies, particularly in farming, which probably helped in stopping military invasion of the Falklands in the 60s and 70s. As we joined the common market, we were forced to trade with EEC partners and drop decades long trade links with the Argies. Indirectly, our membership of the EEC was almost certainly a contributory factor to that war. Another wonderful side effect of being shackled to the dying mess that is Europe.

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The telegraph link is subscription only but there's a yahoo link.

So he's telling the CBI position - what's new.

He's saying nothing new. That's been the position of the CBI for decades now and the eu does benefit them enormously due to cheap labour.

Labour costs would be a lot cheaper in the UK out of the EU with a worthless currency.

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The telegraph link is subscription only but there's a yahoo link.

So he's telling the CBI position - what's new.

He's saying nothing new. That's been the position of the CBI for decades now and the eu does benefit them enormously due to cheap labour. Way back they would claim that the eu would be good for the UK as a whole rather than just business but they still try to pretend it's good for the UK as a whole by saying stuff like it's good for the economy when they really mean that in the main it's only been good for the top people.

The rest have got more and more debt which will have to be paid for soon enough.

It's matterless what Rake and the CBI think if there's a referendum on the eu.

The CBI are drunk on cheap imported labour & so they might be as they get all the benefits but none of the disadvantages. The CBI are far removed from the coalface of the effects of mass immigration. If you can't afford a house because of it or you now only have an eight minute slot with your GP because it's full of people who've paid next to nothing into the system why would the CBI care? It's win-win for the CBI.

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The CBI are drunk on cheap imported labour & so they might be as they get all the benefits but none of the disadvantages. The CBI are far removed from the coalface of the effects of mass immigration. If you can't afford a house because of it or you now only have an eight minute slot with your GP because it's full of people who've paid next to nothing into the system why would the CBI care? It's win-win for the CBI.

That's not very convincing, given that a large proportion of the GPs are themselves immigrants. If all the immigrants were to suddenly vanish, I think you have even less time with your GP! Underfunding and mismanagement of the NHS are more likely culprits.

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That's not very convincing, given that a large proportion of the GPs are themselves immigrants. If all the immigrants were to suddenly vanish, I think you have even less time with your GP! Underfunding and mismanagement of the NHS are more likely culprits.

Mismanagement is part of it but in the same way that loose credit is only one of the reasons for high house prices, it's not the only reason for high house prices, mass immigration is another reason.

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The currency already seems to be headed that way.

Out of the EU the UK will be need to compete directly with the third world on wage costs. This will be achieved through even more currency debasement as the UK is forced into a low skill, low wage, low productivity future.

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Out of the EU the UK will be need to compete directly with the third world on wage costs. This will be achieved through even more currency debasement as the UK is forced into a low skill, low wage, low productivity future.

Just like now then.

Edited by billybong

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Yes but without the "interfering" EU putting any restrictions on employers rights to exploit employees. Worse will become worser.

Are those restrictions very successful in the UK. There seem to be a lot of reports of exploitation these days and over the years.

In any event UK people should be allowed to vote on it in a referendum on the eu and the sooner the better. It's already been delayed and delayed again for decades now.

They first started talking about a referendum on the subject in the 1980s if not earlier.

Edited by billybong

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Are those restrictions very successful in the UK. There seem to be a lot of reports of exploitation these days and over the years.

In any event UK people should be allowed to vote on it in a referendum on the eu and the sooner the better. It's already been delayed and delayed again for decades now.

They first started talking about a referendum on the subject in the 1980s if not earlier.

A referendum is probably what is needed, especially if the public have access to more information on EU membership than that which is supplied by vested interest groups via the front pages of the tabloids.

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  • 244 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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