Well Dave. There's so many places one could start. Let's do an easy one right off: balancing out of the economy. Right now there is a massive North South problem as well as an over-reliance on financial services.
On the financial services side one possible effect of Brexit is that some of the big names in financial services may move jobs to the continent to ensure free access to the Single Market. This effect will probably be rather limited. London has too many competitive advantages to cease being a world-leading financial centre, though it seems plausible a small percentage of jobs may move to Paris or Frankfurt.
The large drop in the value of the pound has already helped as manufacturers report higher volumes and confidence - pretty much across the board - another 5% off would help but the pound is now within what the IMF says it should be trading (rather than being valued way too high in the IMF's opinion before the vote).
But there are a number of other ways the UK economy can move onto a stronger footing post Brexit.
The introduction of free ports – effectively impossible while within the Customs Union – could greatly benefit the UK’s port towns. A good portion of these towns are located in the North and in areas of relative poverty. Most are also outside the congested and already economic developed area of the South East.
Free ports would go a long way towards addressing the double-headed inequity of a bias towards services in the UK economy and the North-South divide. UK ports are some of the world’s most advanced, and with countries queueing up to sign trade deals with us after Brexit, this could be a major source of extra economic growth.
There is also the likelihood that the UK fishing industry will start to grow strongly, given the right policy from Government, when we leave the Common Fisheries Policy. Again, the towns and cities ripe to reap the rewards of this are located in relatively poorer areas, far from the South East of the UK.
Like I said - I think this will all take some considerable time to play out in the numbers - but there is much reason to be optimistic if one can look at things with an open mind.
Ok,I have the background of what you and millions of northerners want to achieve....a balance in the wealth sharing in the UK,if you reread your own post that is what comes across and really one of the reasons why so many northerners voted Brexit.
I can respect that but Brexit wasnt the right tool to achieve it.
I have many wealthy friends in the city of London and none of them wants to move to Frankfurt(boring),Paris(too expensive and high taxed) but they are being forced to by this stupid Brexit decision. I can assure you the numbers are not small and these are highly taxed people.
I buy from 130 companies around the world and sell to most countries including every EU country,the currency movement is a 2-way street,most imports are either Euro or Dollar sourced,so my import costs have increased substantially,so my prices have gone up which pretty much balances with the strength of the Euro. So the Euro buyer has more power but he has to pay more,which is why exports have not increased.
The exception to that is if its old stock or goods we make here,but we are not capable of making goods here competitively,mainly due to governments not incentivising manufacturing,in contrast to the chinese who have cheap loans and government rebates to help their manufacturers.
You have bought into the Liam Fox international business school....yes countries are queuing up to sign free trade deals with the UK,but wait for the details...I buy e-bikes,I cannot import bicycles because of 55% EU tariff duty,but if we had a free trade deal with China,I could bring in beautiful Dahon folders so cheap or Flying Pigeon work bikes so cheap,that Brompton and Pashley would struggle to compete with. Our leather goods manufacturers would be out of business overnight,the EU protects our steel industry, without the tariffs the chinese would destroy Tata,with massive problems at Port Talbot.
Trump is offering us a very powerful free trade deal,so that he can ship cheap beef and poultry into the UK,I am sure our farmers would be outraged at the lack of control or hygiene on US product,the EU may use it as an excuse to stop our farm produce being shipped to Europe.
Please understand,I spend hundreds of thousands on import tariffs every year so selfishly I would love a free trade deal with China and my businesses would be the first conduit for goods that would do a lot of damage to whats left of UK manufacturing.
Free ports already exist at Felixstowe and Southampton but these are primarily holding ports to ship to non EU countries,most of our exports are with the EU so I dont understand their purpose.
Gove has already said he wants the Danes to have access to our inshore fishing waters after Brexit ,why I dont know but it seems to take away much of the reason to Brexit for our fisherman.
I can assure you I do look at things with an open mind...this government will look after people like me...reduction in workers rights,removal of some annoying EU standards,lowering of corporation tax,turning a blind eye to zero hours,no sick/holiday pay contracts,removal of anti-dumping duties,back door deals with banks/car builders to keep them here.....but I just dont see how any of this is going to help the poor areas of the UK...note how evasive Hammond is when he talks about the maintenance of EU subsidies to poor farmers,research institutions,regional assistance...Boris and Gove never showed you the other side of the big red bus,the negative side,hehe....
KudosDave
