Britain outside the EU

[1andrew1]

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.

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.

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.

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

[jfman]

Boy, I’m Old enough to remember when a China trade deal was the next big thing.

[ianch99]

Originally Posted by jfman

Boy, I’m Old enough to remember when a China trade deal was the next big thing.

And I'm old enough to remember when we had a China Crisis

[1andrew1]

Originally Posted by ianch99

And I'm old enough to remember when we had a China Crisis

That's just Wishful Thinking.

[Sephiroth]

We must never forget who our political enemies are. In my book, the top three are:

- Macron
- Putin
- Biden

Before you get any ideas, next comes Starmer and his lot.

[1andrew1]

Originally Posted by Sephiroth

We must never forget who our political enemies are. In my book, the top three are:

- Macron
- Putin
- Biden

Before you get any ideas, next comes Starmer and his lot.

I would put North Korea, Iran and China as enemies far ahead of our Western allies.

[Sephiroth]

Originally Posted by 1andrew1

I would put North Korea, Iran and China as enemies far ahead of our Western allies.

ah - but this is the Brexit thread!!

[1andrew1]

Originally Posted by jfman

Boy, I’m Old enough to remember when a China trade deal was the next big thing.

Indeed. Back in July 2016, David Davis was predicting.

So within two years, before the negotiation with the EU is likely to be complete, and therefore before anything material has changed, we can negotiate a free trade area massively larger than the EU. Trade deals with the US and China alone will give us a trade area almost twice the size of the EU, and of course we will also be seeking deals with Hong Kong, Canada, Australia, India, Japan, the UAE, Indonesia – and many others.

https://conservativehome.com/2016/07...y-for-britain/

[jfman]

https://www.theguardian.com/business...-dampen-growth

Here comes the pain!

[ianch99]

Originally Posted by 1andrew1

That's just Wishful Thinking.

Nice

[Ms NTL]

Over a chaotic dinner in No 10 in early 2021, an Australian official is reported to have cobbled together an agreement over meat import quotas on his way to the loo, which he rushed to get Mr Johnson to sign before the final course.

A crap deal
https://www.independent.co.uk/news/u...-b2350567.html

[OLD BOY]

Originally Posted by jfman

https://www.theguardian.com/business...-dampen-growth

Here comes the pain!

That’s nothing to do with Brexit, though, my friend.

[Sephiroth]

Originally Posted by OLD BOY

That’s nothing to do with Brexit, though, my friend.

Indirectly it does. We were not free to negotiate with Australia while in the EU.

Plus the same idiot that presided over Brexit (we should have just walked away from everything) presided over the Australia deal.

[OLD BOY]

Originally Posted by Sephiroth

Indirectly it does. We were not free to negotiate with Australia while in the EU.

Plus the same idiot that presided over Brexit (we should have just walked away from everything) presided over the Australia deal.

I was referring to The Guardian article on interest rates in the US, Germany and the UK.

[Sephiroth]

That’s no excuse, OB. But I concede!