Brexit and the waning days of the United Kingdom

[PJL]

Scexit sound terrible, Scoxit is better.

[Josquius]

Joxit

[Zanza]

Just read a bit about WTO "schedules", which is the way the WTO defines the terms of trade (especialy tariffs) for its members. The UK doesn't have its own schedule, but rather is part of the European Union schedule. When it leaves the EU, it's unclear whether that schedule still applies to the UK or not. If not, they have to negotiate a new schedule with the rest of the world and as far as I can tell, it needs unanimous consent. If the EU schedule still applies, they would still have to renegotiate it at some point of time or otherwise they are still bound by whatever the EU once defined when it joined the WTO, hardly "taking back sovereignity".

[Josquius]

Unanimous consent from the world?
Jesus. There goes the kippers talk of the wto as some magic bullet default
Britain is truly fucked isn't it.

[Tamas]

Just read a bit about WTO "schedules", which is the way the WTO defines the terms of trade (especialy tariffs) for its members. The UK doesn't have its own schedule, but rather is part of the European Union schedule. When it leaves the EU, it's unclear whether that schedule still applies to the UK or not. If not, they have to negotiate a new schedule with the rest of the world and as far as I can tell, it needs unanimous consent. If the EU schedule still applies, they would still have to renegotiate it at some point of time or otherwise they are still bound by whatever the EU once defined when it joined the WTO, hardly "taking back sovereignity".

[celedhring]

So, our government wants to revive the tax breaks (which the socialists had eliminated) for foreign high-earners moving to Spain, with the excuse of attracting Brexit economic immigrants. Back when it was in force it was derisively called "The Beckham Act" since it ended up favoring footballers signing for La Liga teams. 

[Zanza]

Unanimous consent from the world?
Jesus. There goes the kippers talk of the wto as some magic bullet default
Britain is truly fucked isn't it.

At least I can't see anything in the WTO descriptions that would describe a part of a customs union breaking away from the rest of the customs union and what that means for the schedules that were originally agreed by that customs union. I guess they just never defined this case, because it wasn't relevant. Other than the EU, only individual countries (or sometimes sub-country units, e.g. Hong Kong) are part of the WTO. And individual countries very rarely split up. The last I can think of, Sudan and Yugoslavia don't seem to have been members (Yugoslavia withdrew from GATT), so there is no reference.

[PJL]

So, our government wants to revive the tax breaks (which the socialists had eliminated) for foreign high-earners moving to Spain, with the excuse of attracting Brexit economic immigrants. Back when it was in force it was derisively called "The Beckham Act" since it ended up favoring footballers signing for La Liga teams. 

The EPL is a good example of how companies prefer to buy 'cheaper' foreigners rather than train up new domestic players. Something which is prevalent throughout British industry and where immigration is seen as the cheap option to training.

[celedhring]

So, our government wants to revive the tax breaks (which the socialists had eliminated) for foreign high-earners moving to Spain, with the excuse of attracting Brexit economic immigrants. Back when it was in force it was derisively called "The Beckham Act" since it ended up favoring footballers signing for La Liga teams. 

The EPL is a good example of how companies prefer to buy 'cheaper' foreigners rather than train up new domestic players. Something which is prevalent throughout British industry and where immigration is seen as the cheap option to training.

I think it's more a case of the local talent just not being enough when you're the top player in an industry. We're talking about a pool of a single nation vs the entire footballing world; when you're at the top of the food chain (like the EPL is), you employ the absolute best, and no matter how hard you train local talent, most of the time the absolute best will be overseas. Top English players (even when they're not really that good), also sell for and earn absurd money in the EPL.

So like with most things Brexit... sure, turn your back on the world, you will be more English, but you no longer will be one of the best.

[Richard Hakluyt]

The industry around formula one racing is another area where the UK has done exceedingly well :

http://thejupital.com/the-british-formula-one-economy/

As with the premier league it is an incredibly international venture and relies on the UK being open to the world.

[Duque de Bragança]

Formula One racing is also far less popular that it used to be 20 years ago i.e Senna and Prost times.

[Tamas]

Formula One racing is also far less popular that it used to be 20 years ago i.e Senna and Prost times.

I am not sure. I certainly don't follow it anymore but seems to be a pretty big thing still.

[Agelastus]

Formula One racing is also far less popular that it used to be 20 years ago i.e Senna and Prost times.

I am not sure. I certainly don't follow it anymore but seems to be a pretty big thing still.

For broadcast rights I think you're right, for the moment. However, all too many of the "new" races (reflecting the move away from Europe) have trouble attracting race-day crowds.

When you've built a circuit that can accommodate 120000 over three days and you only get 40000 that's a hole in your financial plan right there.

With the costs of staging a race going up-and-up there's a real question of how long some of the new overseas races will last, and if F1 is forced to turn back to Europe due to a lack of venues overseas they're not going to get the prices they're currently charging for the privilege of hosting a race from the European circuits and organisers (not after the way they've been gradually priced out by Bernie.)

[celedhring]

What's also happening is that they are moving fully towards a pay model. So viewership figures are down, but they are earning more money. There's a question of whether this will reduce the exposure of the sport in the long run, as casual fans and potential fans will watch less races once they are all behind a paywall.

This is a trend in all sports though. Football is doing the same. MotoGP is doing the same.

[Valmy]

What's also happening is that they are moving fully towards a pay model. So viewership figures are down, but they are earning more money. There's a question of whether this will reduce the exposure of the sport in the long run, as casual fans and potential fans will watch less races once they are all behind a paywall.

This is a trend in all sports though. Football is doing the same. MotoGP is doing the same.

Yet another thing that started as the contemptible pastime of the plebs eventually becomes the exclusive playground of the rich.