Community > Posts By > tony yr

 
tony yr's photo
Tue 06/04/19 09:58 AM
I am a leave supporter. The root problem is our balance of Payments which means we don't pay our way in the world. We export a lot in cars but we are losing our car industry, not due to Brexit but because there are too many car plants in the world and they are all foreign owned. By French law, you cant close a French plant so its goodbye Vauxhall, The Germans are not going to close a German plant for the midlands and the Japanese have just signed a trade deal with the EU which means they do not need a plant in the EU. That is a hell of a lot of Jobs lost.

With the loss of car exports and all cars having to be imported our Balance of Payments will be Horrific and nothing we can do about it.

The advantage of Brexit was that we can go round the world doing trade deals with the rest of the world but the economy will take a hit for 3-5year but our economy is reasonably strong.

If we remain in the EU when our Balance of Payments collapses, we have no-where to go and our economy will be badly weakened. That is why I feel we must leave