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Old 16-11-2020, 19:04   #4591
papa smurf
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Re: Brexit-Transitional Period Ends 31/12/20

Quote:
Originally Posted by 1andrew1 View Post
Whilst we agree on its foundation it’s evolved significantly over time and the UK has contributed significantly to it – eg Single Market, State Aid Rules, etc. Seeing it through the lens of a post-war settlement was right once but a more 360 approach is needed in the 21st Century.


I’m not going to speculate on people’s motives for campaigning against EU membership. But to pretend that not being a member results in only short or medium term economic disruption ignores the gravity of trade and the move towards economic blocs. We’re talking about a long-term reduction in our country’s wealth as well as a short-term reduction in the wealth of the country – acknowledged by Dominic Cummings as being more than the entire contributions that the UK has paid into the EU.

By not being in the bloc, our global influence is also weakened, and that’s assuming the UK remains intact and Scotland and Northern Ireland don’t go their respective ways. Brexit plus We might be able to talk about sovereignty, and for sure, we will probably have control of our fishing waters which contribute less than 1% of GDP. I would venture that’s not just modest, but exceedingly modest! But ultimately, the UK will come down to becoming a rule-taker or not taking part in World trade. The lack of trade deals we have been able to sign demonstrates this.


Agreed, which is why I said it will be interesting to see how the new bloc develops over time. It will be helpful to have a comparison to the EU which has hitherto been the largest trading bloc.
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