Thread: Britain outside the EU
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Old 27-10-2023, 19:17   #5574
OLD BOY
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Re: Britain outside the EU
Quote:
Originally Posted by 1andrew1 View Post
The economic boom is surely on its way as we start to enjoy our Brexit freedoms!


https://www.ft.com/content/cc419caf-...1-90e80c7a114b
We are doing rather better than you portray in your posts, but the facts are:

1. We are free to trade with the world on our own terms, and we are now able to include services within those deals, which the EU continued to deny us to the end.

2. Trade figures show UK exports are now at a record high - yes, I said a record high - of £834billion. The government expects this to grow to £1trillion of exports per year by 2030.

3. Contrary to the claims of remainers that we would never get a trade deal with the US, we have pursued a policy of dealing with the US on a State by State basis. This is because Biden has no interest in trade deals on a national basis with anyone. So far, we have done deals with six States, with a combined GDP of £2trillion. We are currently negotiating with another five, and when confirmed, this will represent 40% of the population of the US. These trade deals contain advantages for us including recognition of British qualifications and permitting British firms to sell their services.

4. We have signed up to the Trans-Pacific Strategic Economic Parnership Agreement (TPTPP), meaning that 99% of our current exports to CPTPP member countries will be eligible for zero tariffs, improving goods market access for UK firms. Joining will lead to the opening of new markets for our most important services providers.It is anticipated that in the long run, membership will lead to a £2.6 billion increase in UK exports. The deal gives us a trade deal with Malaysia and Brunei for the first time. There are so many advantages that will be realised from deals like this and the forecasts on future income are likely to prove very modest compared with the possibilities that come with our new freedoms.

5. A trade deal with India looks likely within the next few months, maybe even weeks.

The UK is doing well and our future is bright, but we do still need to repeal those EU laws that are strangling businesses.

Yes, there are some downsides, but the picture you paint of how we are faring post Brexit is unnecessarily bleak.

Meanwhile, euro zone entered a recession earlier this year, posing a challenge for the European Central Bank. The seas aren’t all that blue on the other side of the Channel.
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