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Originally Posted by jfman
That’s because against the backdrop of the highest inflation in Western Europe the growth is imaginary. It exists on a spreadsheet. In the real world it’s the biggest drop in living standards since World War 2.
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I'm afraid some people think UK stands for Unicorn Kingdom!
We can have a hard Brexit and not be in the European Single Market but there is an economic price to be paid for that choice.
Yes, Covid and the Ukraine War have impacted us very heavily but we're not the only ones.
Looks like a trade deal with the US is not being pursued.
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US-UK trade deal off the table as Sunak plans visit to Washington
Britain’s prime minister to hold talks with Joe Biden next week
UK prime minister Rishi Sunak will fly to Washington next week for a meeting with US president Joe Biden — but there will be no attempt to forge a bilateral trade deal.
Downing Street on Tuesday announced the visit, saying it would be a chance for the two countries to enhance their “co-operation and co-ordination” on issues including securing supply chains and transitioning to zero carbon.
A Number 10 spokesperson said the UK was no longer seeking a trade deal with the US.
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https://www.ft.com/content/1fd173a6-...2-685801ec1604
---------- Post added at 16:57 ---------- Previous post was at 16:24 ----------
In terms of countries that we don't have trade agreements in place with, here's the state of play:
- Gulf Co-operation Council (GCC): The GCC represents six states (Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the UAE). Negotiations started in June 2022.
- India: There is no current trade agreement between the UK and India. Negotiations started on 17 January 2022. The Government had hoped that these negotiations would be completed by October 2022 but this deadline has been missed.
- US: There is no current trade agreement between the UK and the US. Negotiations started in May 2020.
One small area of optimism is the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) which should build on the existing trade deals we have with its 11 members. However, it is not anticipated to compensate significantly for the reduction in trade following Brexit.
https://www.gov.uk/government/public...sive-trans-pac