Today, about 3 and half years since the majority of UK voters indicated they wanted to leave the European Union, and after much internal strife, the UK has finally split from the EU as of Jan. 31st. There is a transition period during the rest of 2020 to work out all the details and try to establish new trade deals between the two, but today is the official separation day that the "Leave" voters have been waiting for since voting in 2016, and that the "Remain" voters hoped would never happen.
From a Mini perspective will be interesting to see how that affects the $ to £ exchange rate and the supply of Mini parts. I have a feeling we aren't really going to notice much of a change.
My brother who lives in England thinks the pound will drop at first then slowly come back......I'm curious about parts availability, whether the loss of markets on the continent will happen, or if most of the market for classic Mini parts is in England and the US?
I sent him a note today asking if the "sky has fallen" over there, but haven't heard back.
Maybe it has? :D
It's either "The sky is falling" or "Britain fleeing from overzealous EU governance and becoming a sovereign and independent nation again" depending upon a person's point of view. I think it's the latter. Self-determination is never a bad thing.
Yeah, he says nothing will really change till the end of the year, that's when all the treaties have to be in place.
Quote from: BruceK on January 31, 2020, 11:30:52 AM
It's either "The sky is falling" or "Britain fleeing from overzealous EU governance and becoming a sovereign and independent nation again" depending upon a person's point of view. I think it's the latter. Self-determination is never a bad thing.
Agreed!!! I will leave it there.
This whole globalist thing is annoying, and that is putting it politely.
Ireland is in an all out war with their government about issues similar to this. Since visiting I follow a lot of the politics there and find it interesting.
Bright spot!! - At least the North of Ireland does not have to switch from the Euro$ back to the Sterling Pound as they never switched over and remained separate.