Thread: UK & EU Agree Post-Brexit Trade Deal
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Old 31-03-2020, 20:01   #2760
OLD BOY
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Re: [Updated] The UK’s future relationship with the EU
Quote:
Originally Posted by jfman View Post
You don’t understand now leaving the largest free trade area in the world, in the absence of any trade agreements, on an entirely arbitrary date, would damage the economy?

I’m sorry Old Boy you are a parody of yourself now. You used to be quite engaging to debate with despite our disagreements. However you are now arguing for the sake of arguing.

The whole point of Boris getting a deal and a transition agreement was to avoid an economically damaging cliff edge and allow our Government to develop frameworks to support our sectors that fall under EU guidelines just now such as agriculture and fisheries.

With 6-8 months of the transition effectively lost (which it will be) and global economies in a precarious state only the deliberately obtuse would wilfully claim, for entirely ideological reasons, that none of that had any bearing on whether there should be an extension or not.
You are exaggerating the cost of leaving the EU to a considerable degree, and you are not addressing the upsides. I have said consistently that there are two sides to this equation and you consistently ignore it. As an economist, my good man, you should appreciate that there is a credit as well as a debit side.

Frankly, I would be surprised if the EU failed to agree a deal. The political statement accompanying the withdrawal agreement strongly indicates that a no tariff agreement is what they want, and it would be a major upset to the countries of the EU that export to the UK if this is not carried through. If a deal is reached, then where are the calamitous budget implications that will make our sky fall in?

And if a deal isn't reached, it still doesn't mean we won't be trading with the EU. I presume you accept that the EU will lose more by applying tariffs than we will lose. If I calculate that correctly, that gives us a tariff credit!
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