Cable Forum

Cable Forum (https://www.cableforum.uk/board/index.php)
-   Current Affairs (https://www.cableforum.uk/board/forumdisplay.php?f=20)
-   -   UK & EU Agree Post-Brexit Trade Deal (https://www.cableforum.uk/board/showthread.php?t=33708171)

Hugh 02-03-2020 18:45

Re: [Updated] The UK’s future relationship with the EU
 
Whilst in principle I agree with you (shock, horror), we mustn’t throw the baby out with the bath water.

Financial Services in the U.K. are 7% of the economy, employ 1.1 million people, contributing over £130 billion to the economy, with £30 billion of tax revenue.

---------- Post added at 18:45 ---------- Previous post was at 18:18 ----------

https://www.bbc.co.uk/news/uk-politics-51706802
Quote:

The government has estimated a post-Brexit trade deal with the United States would boost the UK economy by 0.16% over the next 15 years.

The figure is included in a 180-page document setting out the UK's negotiating position for talks, expected to begin later this month.

The document pledges to maintain maintain food standards and stresses that the NHS is "not on the table".

It comes as separate trade talks with the EU get under way in Brussels.

The UK government said a US deal should seek to lower import taxes, or tariffs, on many UK exports - and increase trade in services.

It says an agreement would increase the UK's gross domestic product (GDP) by between 0.07% and 0.16%, depending on the exact terms of the deal.

1andrew1 02-03-2020 20:30

Re: [Updated] The UK’s future relationship with the EU
 
Quote:

Originally Posted by Hugh (Post 36026142)
Whilst in principle I agree with you (shock, horror), we mustn’t throw the baby out with the bath water.

Financial Services in the U.K. are 7% of the economy, employ 1.1 million people, contributing over £130 billion to the economy, with £30 billion of tax revenue.

---------- Post added at 18:45 ---------- Previous post was at 18:18 ----------

https://www.bbc.co.uk/news/uk-politics-51706802

Yup, lose 7% in GDP with a no-deal Brexit but gain 0.16% with a trade deal with the US. Only the priviliged rich can comfortably take a hit like that.

Sephiroth 02-03-2020 20:40

Re: [Updated] The UK’s future relationship with the EU
 
Quote:

Originally Posted by 1andrew1 (Post 36026160)
Yup, lose 7% in GDP with a no-deal Brexit but gain 0.16% with a trade deal with the US. Only the priviliged rich can comfortably take a hit like that.

That's a complet disconnect from relevance. It's a straight economic argument vs sovereignty. Simple as that. Then there's the trust that British ingenuity, with hard work and free of EU regulations will build the economy past its previous stage.


Mr K 02-03-2020 20:57

Re: [Updated] The UK’s future relationship with the EU
 
Quote:

Originally Posted by Sephiroth (Post 36026161)
That's a complet disconnect from relevance. It's a straight economic argument vs sovereignty. Simple as that. Then there's the trust that British ingenuity, with hard work and free of EU regulations will build the economy past its previous stage.


That's right, keep believing, in Boris we trust, that woken you up yet? ;)

Sephiroth 02-03-2020 21:01

Re: [Updated] The UK’s future relationship with the EU
 
Quote:

Originally Posted by Mr K (Post 36026168)
That's right, keep believing, in Boris we trust, that woken you up yet? ;)

Just try, Mr. K instead of whinging.

Hugh 02-03-2020 21:27

Re: [Updated] The UK’s future relationship with the EU
 
Quote:

Originally Posted by Sephiroth (Post 36026161)
That's a complet disconnect from relevance. It's a straight economic argument vs sovereignty. Simple as that. Then there's the trust that British ingenuity, with hard work and free of EU regulations will build the economy past its previous stage.


But economic arguments are relevant - 1.1 million jobs are real and relevant, as is the £130 billion contribution to our economy; can you give me an example of what could replace these?

Sephiroth 02-03-2020 21:32

Re: [Updated] The UK’s future relationship with the EU
 
Quote:

Originally Posted by Hugh (Post 36026171)
But economic arguments are relevant - 1.1 million jobs are real and relevant, as is the £130 billion contribution to our economy; can you give me an example of what could replace these?

Not really. I'm expecting the Guvmin to boost the economy and keep jobs going.

Hugh 02-03-2020 21:48

Re: [Updated] The UK’s future relationship with the EU
 
Quote:

Originally Posted by Sephiroth (Post 36026174)
Not really. I'm expecting the Guvmin to boost the economy and keep jobs going.

But I just showed the Government figures expecting that our increased trade with our biggest single (country) market is going to increase the UK economy, over 15 years, by 0.16%...

You seem be hoping for some yet undefined miracle. :erm:

Sephiroth 02-03-2020 21:55

Re: [Updated] The UK’s future relationship with the EU
 
Quote:

Originally Posted by Hugh (Post 36026182)
But I just showed the Government figures expecting that our increased trade with our biggest single (country) market is going to increase the UK economy, over 15 years, by 0.16%...

You seem be hoping for some yet undefined miracle. :erm:

All you showed was one small element of economic activity.
The Guvmin's mission is to sustain jobs, with or without an EU trade agreement.

Chris 02-03-2020 21:59

Re: [Updated] The UK’s future relationship with the EU
 
Remainers still seek alignment with the EU because it’s the next best thing to membership and makes eventually rejoining the bloc an easier sell.

Leavers still seek a clean break because that is the only way to achieve the various priorities of the coalition of interests that brought us successfully out of the EU - whether that be control of fishing, borders, immigration, trade policy or the basic principle of national sovereignty.

Thus far, absolutely bog all has changed and if this “debate” continues along these same lines for the next 9 months it is going to be so, so boring ...

1andrew1 02-03-2020 22:01

Re: [Updated] The UK’s future relationship with the EU
 
Quote:

Originally Posted by Sephiroth (Post 36026174)
Not really.

No further questions m'lord.

Carth 02-03-2020 22:05

Re: [Updated] The UK’s future relationship with the EU
 
So . . . we're going to lose 1.1 million jobs then . . or is that just a wild stab in the dark to make things look bleak?


Also, in complete honesty and speaking as one who had the rug pulled out from under him a few times when 'up north' got decimated . . it's about time someone else copped it :p:

Pierre 02-03-2020 22:39

Re: [Updated] The UK’s future relationship with the EU
 
Quote:

Originally Posted by Mr K (Post 36026168)
That's right, keep believing, in Boris we trust, that woken you up yet? ;)

Boring. Do you play any other tunes?

1andrew1 03-03-2020 00:00

Re: [Updated] The UK’s future relationship with the EU
 
Quote:

Originally Posted by Carth (Post 36026186)
So . . . we're going to lose 1.1 million jobs then . . or is that just a wild stab in the dark to make things look bleak?


Also, in complete honesty and speaking as one who had the rug pulled out from under him a few times when 'up north' got decimated . . it's about time someone else copped it :p:

It will always be "up north" particularly the North East that gets it. London and the South East will be less adversley affected.

Hugh 03-03-2020 10:11

Re: [Updated] The UK’s future relationship with the EU
 
Quote:

Originally Posted by Carth (Post 36026186)
So . . . we're going to lose 1.1 million jobs then . . or is that just a wild stab in the dark to make things look bleak?


Also, in complete honesty and speaking as one who had the rug pulled out from under him a few times when 'up north' got decimated . . it's about time someone else copped it :p:

You appear to accidentaly misinterpreting what I wrote.

I want the best deal for our country (I live here, my family and friends live here - anyone who wants a deal that damages our economy or our country is being blinded by partisan politics) - the point I made was that perhaps it was more appropriate to focus on getting a good deal on something that is a major part of our economy, and if it was diminished by additional tariffs, would have a negative effect on our economy, than on a small part of our economy, just to "stick it to the Frenchies".

Hope that clarifies the matter.


All times are GMT +1. The time now is 14:34.

Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2025, vBulletin Solutions Inc.
All Posts and Content are © Cable Forum