1973 Nightmare (my experience of a Brexit) 1973 Nightmare (my experience of a Brexit)
Page 1 of 3 123 LastLast
Posts 1 to 10 of 30
  1. #1

    Nervous Newbie


    Join Date
    Dec 2019
    Posts
    10

    Default 1973 Nightmare (my experience of a Brexit)

    Well I can only share my experience and my families experience of a different kind of Brexit with the UK, which was disastrous to this day.

    1973 New Zealand left the Commonwealth Free Trade as Britain joined the EU common market, literally overnight NZ was is trouble. 50% of trade was done with the UK, NZ had to adjust quickly but that was the problem, no trade deals or little of them. Food prices surged, farmers went broke and this was just the start. I remember my Uncle telling me farmers were walking off their properties (bankrupt), manufacturing industry died over the next 5 years, including he whole car industry by 1985, till this day there is not a single car plant in NZ, I remember Ford, Nissan, Toyota to name a few.

    What happened? Tariffs increased dramatically for medicine, manufacturing, food export and import. The Oil Crisis in the late 70's didn't really affect NZ too much like others.

    Without many trade deals, some were negotiated quickly over a 5-10 years period more out of desperation than anything and not very favourable but at least farmers could start working again. By 1984 a new government came in and literally overnight liberalised all government owned enterprises with no other choice and no longer pegged the NZD, what did this mean?

    - Medicine was no longer free! Till this day you have to pay to see the Doctor $75-100, pay for 20% of operations fees or a residual payment depending on circumstances, medicine was no longer free or subsidised.

    - You were now paying more for a bottle of wine or cheese in NZ than overseas, still to this day nothing has changed. NZ Lamb in cheaper in the UK than NZ still today, why? Farmers can export at higher volume and higher costs and yes, of course you guessed, why sell cheaper in NZ when I can export..... consumers are stuffed!

    - all car plants and manufacturing went dead, too difficult to compete overseas. All cars are imported today, mostly from Japan.

    - thousands and thousands or people lost their jobs and a lot had to change career if they could get a job.

    -interest rates went through the roof much earlier than the UK and rates are much higher today than anywhere in the Western World, great for overseas investors bad for local mortgages.

    - only later in the 1990's, trade deals were completed with the likes of China and the US, Britain is now only about 3% of trade and EU is about 20% later climbing with an expected free deal with the EU for NZ and Australia on the horizon.

    So after 30 odd years, NZ economy is doing ok, but still food prices are expensive, NZ wine is expensive for example, transport is high cost and medicine is NOT free.

    CONCLUSION

    I have no idea what is going to happen to the UK, I can only share experience from NZ when they left the commonwealth market in 1973 (same as Australia felt but they had more natural resources even so they suffered as well). 70's is a long time ago and global trading was much different then. Will we see UK with the same outcome? I believe so and the UK IMO are absolute mugs to leave the biggest free market in the world, suicidal in my opinion.

    NZ and Australia free trade together is the only thing keeping NZ afloat but that will never die.
    Last edited by canoas; 2nd February 2020 at 17:19.

  2. #2

    Contractor Among Contractors

    Cirrus's Avatar
    Join Date
    Oct 2015
    Location
    Rural Rutland
    Posts
    1,237

    Default

    Quote Originally Posted by canoas View Post
    which was disastrous to this day..
    Ignoring presumably the incredible benefits of increased sovereignty?
    "Don't part with your illusions; when they are gone you may still exist, but you have ceased to live" Mark Twain

  3. #3

    Nervous Newbie


    Join Date
    Dec 2019
    Posts
    10

    Default

    Quote Originally Posted by Cirrus View Post
    Ignoring presumably the incredible benefits of increased sovereignty?
    I cannot see any benefits of suffering for a good long period. This word reminds of "supreme power" which finished at least a century or two centuries ago!

  4. #4

    King of updation

    TestMangler's Avatar
    Join Date
    Aug 2010
    Location
    Ardbeg, Isle Of Bute, Jock Land.
    Posts
    6,962

    Default

    Quote Originally Posted by canoas View Post
    I cannot see any benefits of suffering for a good long period. This word reminds of "supreme power" which finished at least a century or two centuries ago!
    C'mon man, all the sovereignty, taking back control, freedom from the constraints of an insular trading block, making your own laws and even more taking back control must have been worth it......
    On Desolation Boulevard, they'd light the faded lights.....

  5. #5

    I Am Legend


    Join Date
    Aug 2006
    Posts
    107,552

    Default

    Quote Originally Posted by TestMangler View Post
    C'mon man, all the sovereignty, taking back control, freedom from the constraints of an insular trading block, making your own laws and even more taking back control must have been worth it......
    It work well for Nelson Mandela.
    Fight HMRC now! Help sue HMRC individual officers/government ministers for malfeasance in office. Visit https://www.loanchargejustice.com/ and scroll to the bottom of the page to donate.

  6. #6

    I live on CUK

    scooterscot's Avatar
    Join Date
    Nov 2005
    Location
    Anywhere that is not broken Brexit Britain
    Posts
    20,547

    Default

    Yes well, just think of all the things we can suddenly do that you couldn’t do under the dead hand of Brussels bureaucracy, like..., erm, well, like... well, you know, freed of these unelected bureaucrats, we can... like, ... just a minute, ... you know...
    "Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark Twain

  7. #7

    Contractor Among Contractors

    Cirrus's Avatar
    Join Date
    Oct 2015
    Location
    Rural Rutland
    Posts
    1,237

    Default

    Quote Originally Posted by canoas View Post
    I cannot see any benefits of suffering for a good long period. This word reminds of "supreme power" which finished at least a century or two centuries ago!
    I'm sorry brother but you either see the light or you don't see the light. You either love Brexit to the very depth of your soul or you don't. In Brexit, you either have total and utter faith or you don't. Forty-eight percent of the British population (that's almost a majority!!) have total and utter faith in Brexit. So many people - they can't all be wrong, can they?

    Join us brother and together we can go to the Kingdom of Everlasting Peace and Love.
    "Don't part with your illusions; when they are gone you may still exist, but you have ceased to live" Mark Twain

  8. #8

    I live on CUK

    scooterscot's Avatar
    Join Date
    Nov 2005
    Location
    Anywhere that is not broken Brexit Britain
    Posts
    20,547

    Default

    Quote Originally Posted by Cirrus View Post
    Join us brother and together we can go to the Kingdom of Everlasting Peace and Love.
    'Happy Brexit Day' signs at Norwich flats are 'racially aggravating', say police

    Streatham attacker named as Sudesh Amman




    Whatever...
    "Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark Twain

  9. #9

    Super poster

    woohoo's Avatar
    Join Date
    Nov 2007
    Location
    In the country
    Posts
    4,566

    Default

    NZ in the 70's comparable with UK in 2020? Not only are they different economies, in most ways including scale, the world is a different place, more open.
    Last edited by woohoo; 3rd February 2020 at 09:45.

  10. #10

    More fingers than teeth

    darmstadt's Avatar
    Join Date
    Jul 2005
    Location
    The Eurozone
    Posts
    17,510

    Default

    Quote Originally Posted by woohoo View Post
    NZ in the 70's comparable with UK in 2020. Not only are they different economies, in most ways including scale, the world is a different place, more open.
    Is that why the UK has left the EU to become more isolationist?
    Brexit is having a wee in the middle of the room at a house party because nobody is talking to you, and then complaining about the smell.

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •