Pyrpolizer wrote:Paphitis wrote:
British goods are noted for their quality. They have very high standards in manufacturing and also in farming and produce. There will always be a demand for British goods and don't forget, they are the 5th largest economy so no, the world will not cave in. In fact, it may even improve as they can forge deals with the US, Australia, Canada, NZ, Australia, China, India and Japan.
Can you name me a few British goods other than foodstuff you have in your possession?
I looked around in my house and found none....
EU tariffs for foodstuff are high, especially for dairy products may reach 35%.
As for your argument that the UK is the 5th largest economy, so what? India is 6th, Italy is 8th, Brazil is 9th. 2 of them full of poverty and Italy at the verge of collapsing.
Gee, I think Australia is full of British Food Stuffs, and Whiskey's as well as beers.
Australia imports a lot of stuff from the UK such as:
1) Cars
2) Technology - radar, military equipment, surveillance equipment
3) Cheese, food, beverages like high end single malts and beers
4) There is a lot of military collaboration between Australian and British Defence Consortiums. Britain has the world's biggest Surveillance Contract in Australia for a start. it's worth Billions.
What do I have in my possession?
Well I have a number of British Single Malt Whiskeys in my possession.
I don't drive a British Car but Land Rovers, Range Rovers, Jaguars are popular.
I know someone who buys a lot of E Cigarettes from the UK and apparently the Brits are among the best in the world along with Greece.
There is a lot of 2 way business and Australian investment in the UK. Probably worth Billions. For a start, another thing I do is that my Super Funds are heavily invested in the UK Financial Markets. About 35% of my money is in the UK invested in British listed companies and that props up the British Financial market indices.
Australia has about 3.5 Trillion worth in retirement funds in this scheme for its citizens and a lot of this money is invested overseas and brings a lot of dividends from corporate profits into Australia as well. The Australian Super Scheme is literally a life saver for Australia and basically Australia leverages itself and its borrowings as well.