UK & EU Agree Post-Brexit Trade Deal

[papa smurf]

Ireland faces economic oblivion: Bank chief admits hard Brexit will DEVASTATE country



Gabriel Makhlouf insisted Dublin would be the Eurozone’s biggest loser if the UK and EU fail to broker a Brexit trade deal before the end of the year. But he claimed the economic misery of lockdowns to curb the spread of the pandemic will only double the pain. The banker said new tariffs on goods would devastate Ireland’s agriculture and food sectors, knocking two percentage points from the country’s economic growth in 2021.

https://www.express.co.uk/news/polit...economy-update

Oh dear oh dear to be sure that'll be a fine pickle to be in.

[Sephiroth]

Originally Posted by papa smurf

Ireland faces economic oblivion: Bank chief admits hard Brexit will DEVASTATE country

Gabriel Makhlouf insisted Dublin would be the Eurozone’s biggest loser if the UK and EU fail to broker a Brexit trade deal before the end of the year. But he claimed the economic misery of lockdowns to curb the spread of the pandemic will only double the pain. The banker said new tariffs on goods would devastate Ireland’s agriculture and food sectors, knocking two percentage points from the country’s economic growth in 2021.

https://www.express.co.uk/news/polit...economy-update

Oh dear oh dear to be sure that'll be a fine pickle to be in.

Don't get me wrong - but GOOD.

That perfidious lot (the Irish government) who strutted chest out under the EU's support and protection for the past 4 years, intent on rapping all over us, they deserve a harsh lesson.

They had no respect for us and our sovereignty, they hid behind the peace agreement instead of working with the UK to obtain a reasonable outcome.

Sod 'em too.

[papa smurf]

Originally Posted by Sephiroth

Don't get me wrong - but GOOD.

That perfidious lot (the Irish government) who strutted chest out under the EU's support and protection for the past 4 years, intent on rapping all over us, they deserve a harsh lesson.

They had no respect for us and our sovereignty, they hid behind the peace agreement instead of working with the UK to obtain a reasonable outcome.

Sod 'em too.

But bbbbut they're part of the biggest trading...................

[1andrew1]

Originally Posted by papa smurf

Ireland faces economic oblivion: Bank chief admits hard Brexit will DEVASTATE country

Gabriel Makhlouf insisted Dublin would be the Eurozone’s biggest loser if the UK and EU fail to broker a Brexit trade deal before the end of the year. But he claimed the economic misery of lockdowns to curb the spread of the pandemic will only double the pain. The banker said new tariffs on goods would devastate Ireland’s agriculture and food sectors, knocking two percentage points from the country’s economic growth in 2021.

https://www.express.co.uk/news/polit...economy-update

Oh dear oh dear to be sure that'll be a fine pickle to be in.

If a so-called hard Brexit will devastate Ireland, imagine what it will do to the UK!
But I'm sure BoJo won't let that happen.

[Sephiroth]

Originally Posted by papa smurf

But bbbbut they're part of the biggest trading...................

.... and sod them too.


---------- Post added at 15:01 ---------- Previous post was at 15:00 ----------

Originally Posted by 1andrew1

If a so-called hard Brexit will devastate Ireland, imagine what it will do to the UK!
But I'm sure BoJo won't let that happen.

You're over-egging the bad news, Andrew. Bad for us - yes; worse for them - yes.

Originally Posted by 1andrew1

If a so-called hard Brexit will devastate Ireland, imagine what it will do to the UK!
But I'm sure BoJo won't let that happen.

I think you’re misunderstanding the balance of trade between the U.K. and Ireland just a little.

We are 11% of all their exports; within that we take 43% of all their food and livestock exports.

However, the key statistic is that we have a trade surplus of more than £13bn with them. There is not an equal flow of goods and services between the two countries, and therefore there’s no basis for assuming the U.K. will be equally as affected by trade barriers - and certainly no justification for claiming we would come off worse.

[papa smurf]

Originally Posted by Chris

I think you’re misunderstanding the balance of trade between the U.K. and Ireland just a little.

We are 11% of all their exports; within that we take 43% of all their food and livestock exports.

However, the key statistic is that we have a trade surplus of more than £13bn with them. There is not an equal flow of goods and services between the two countries, and therefore there’s no basis for assuming the U.K. will be equally as affected by trade barriers - and certainly no justification for claiming we would come off worse.

He was probably just being impartial

[OLD BOY]

Originally Posted by jfman

Indeed. They're a trade bloc of members. The UK not getting the benefits of membership without the costs of membership is an obvious starting point for any similar situation.

Unfortunately when you are a small, declining economy you don't have many bargaining chips when it comes to negotiating.

The benefits of membership? We just want a bloody trade deal!

[Sephiroth]

Originally Posted by jfman

Indeed. They're a trade bloc of members. The UK not getting the benefits of membership without the costs of membership is an obvious starting point for any similar situation.

Unfortunately when you are a small, declining economy you don't have many bargaining chips when it comes to negotiating.

... and there's the rub. The other countries sharing a FTA with the EU were not previously paying members of their shitty club.

If ever you want proof that they want to punish us, there it is - their refusal to give us the Canada style deal.

[1andrew1]

Originally Posted by Chris

I think you’re misunderstanding the balance of trade between the U.K. and Ireland just a little.

We are 11% of all their exports; within that we take 43% of all their food and livestock exports.

However, the key statistic is that we have a trade surplus of more than £13bn with them. There is not an equal flow of goods and services between the two countries, and therefore there’s no basis for assuming the U.K. will be equally as affected by trade barriers - and certainly no justification for claiming we would come off worse.

That doesn't take into account the fact that Ireland can still trade unhindered with the EU27 from January and we can't.
But as I said, I don't think BoJo will let it come to this, he'll strike a deal.

---------- Post added at 16:29 ---------- Previous post was at 16:25 ----------

Originally Posted by Sephiroth

... and there's the rub. The other countries sharing a FTA with the EU were not previously paying members of their shitty club.

If ever you want proof that they want to punish us, there it is - their refusal to give us the Canada style deal.

You're making an assumption on this and thinking that an economic bloc of 27 countries acts in the same emotional manner that one meotional human being does.

It doesn't. The UK is not being offered the same deal as Canada as it does far more trade with the EU than Canada does and is far closer. Doesn't matter how much we might throw our toys out of the pram, we're not getting the same deal. That's a rational economic and political decision, not a "punish us" reason.

[1andrew1]

Originally Posted by papa smurf

He was probably just being impartial

Would just like to thank you for the inspiration.

[papa smurf]

Originally Posted by 1andrew1

Would just like to thank you for the inspiration.

As you know impartiality is my middle name

[Sephiroth]

Originally Posted by 1andrew1

That doesn't take into account the fact that Ireland can still trade unhindered with the EU27 from January and we can't.
But as I said, I don't think BoJo will let it come to this, he'll strike a deal.

---------- Post added at 16:29 ---------- Previous post was at 16:25 ----------


You're making an assumption on this and thinking that an economic bloc of 27 countries acts in the same emotional manner that one meotional human being does.

It doesn't. The UK is not being offered the same deal as Canada as it does far more trade with the EU than Canada does and is far closer. Doesn't matter how much we might throw our toys out of the pram, we're not getting the same deal. That's a rational economic and political decision, not a "punish us" reason.

There you go again. Justifying the EU position like a good little Belgian MEP.

[GrimUpNorth]

Originally Posted by Sephiroth

If ever you want proof that they want to punish us, there it is - their refusal to give us the Canada style deal.

I'm struggling a bit here Seph, can you explain to me why do they have to give us a Canada style deal or indeed any style of deal?

[1andrew1]

Originally Posted by Sephiroth

There you go again. Justifying the EU position like a good little Belgian MEP.

Just trying to save you you from the negativity of playing the victim.

It's time for the likes of Michael Gove et al to take responsibility for their actions and not hide behind others when the outcomes don't match their 2016 speeches.