I have backed this up with numbers but the simple answer is using the taxes gained on EU imports to discount EU exports keeps us more than competitive at no loss to the economy. Reducing regulation and taxes keeps business in the UK - especially by competing with the EU in that way.
I like your faith in your own vision. And it is possible that the UK could turn around a hard Brexit...but only with significant time to restructure its economy (50 yrs according to Mogg) and there doesn't appear to be the vision or appetite for it. Maybe this would come when the reality of it occured. At the moment, not only don't most people see the oppotunity, no one on Leave's side can accurately articulate it. At least you gave it a punt.
- If we tax EU imports, that makes everything more expensive for businesses and consumers. Food has already gone up quite a bit over the past couple of years. The Bank of England who have all the relavent data, who's job it is to calculate and understand UK economics, using some of the most respected economists, say food prices could rise by upto 10%. That's massive. People significanty poorer.
Maybe longer term we could import food from Africa or other places, but we'd also need food safty checks and our own standards and customs agency infrastructure for that. And the reality is, Africa doesn't make cheese, wine, salami, not the sort we'd like to eat, and we'd still get most of our food from the EU.
- The one very simple fact we should keep in mind, all countries around the world trade most with their neighbours. Free trade with them is therefore optimal. Anything else is a work around, and suboptimal.
The EU can't force Euro transactions to be made within the EU, their own courts already decided that, brass plating will take care of the rest.
You're alluding to keeping the finance industry in the UK presumably. What is brass plating?
I've never thought the cliff edge predictions to be accurate with the banking industry. Instead of a sudden exodous, I thought there would be a steady decline in London's prominance. We'd still have a powerful banking facility. A bit like Zuric. Zuric was the banking capital before London, but because Switzerland is outside the EU, Credit Swiss and many other banks have their HQs in London. If the UK is on the periphery it would makes sense for institutions to move into the centre again. And its not just logic,
650 jobs have already gone into the EU (the BoE more recently said "fewer than 5000 jobs had left"). That equates to millions in lost tax revenue, spending in the UK etc. We don't know if Brexit will even occur yet. If it does, especially a hard exit, it is a certainty that more jobs would follow imo. I'm not sure how you can rationalise any other scenerio.
Similar applies to car manufacturing. Sure in the short term we could prop up failing manufacturing (subsidising loss making enterprises as you suggest), longer term when they need to re-tool they'll shift production to Slovakia or wherever (Range Rover already did). Why wouldn't they? Why be depended on hand outs to be sustainable, when government could take them away and cripple their operation?
Massively reduced import and labour costs will make any EU exports more competitive than anything they can produce, so even without tariff negation by the government, we'll still be able to increase exports.
Import costs from the EU wouldn't be "massively reduced" how do you figure that? Under WTO they would increase in cost. "Massively reduced labour cost" would require mass immigration (or mass unemployment). Can you really see any government sanctioning massive immigration? I would politely suggest this is a wish and prayer. It has no economic logic or sense. Imo.
I've already laid this out in detail over and over again. You've yet to make any attempt at doing any more than repeating tabloid headline standard soundbites from your echo chamber. If you want the detail it's all in this thread, had you had the decency to take any of those points on board in the first place then discussion would have moved far past here by now.
I hope you've felt I was 'decent' with my come back to you! I have keenly read all your missives. The fact that I don't accept them - take them on board - doesn't mean I don't apprecaite them or find them interesting. Maybe you'll come back on the points above and convince me I am wrong. I would love to be proved wrong and am open to it. But when the Bank of England makes such fervant projections as these:
Bank of England says no-deal Brexit would be worse than 2008 crisis
Bank warns of immediate economic crash, GDP to fall by 8%, unemployment to rise to 7.5%
...even with a margin for error (or hysteria) your projections are massively wide of most respected economists mark. I remain to be convinced.