UK & EU Agree Post-Brexit Trade Deal

Whilst in principle I agree with you (shock, horror), we mustn’t throw the baby out with the bath water.

Financial Services in the U.K. are 7% of the economy, employ 1.1 million people, contributing over £130 billion to the economy, with £30 billion of tax revenue.

---------- Post added at 18:45 ---------- Previous post was at 18:18 ----------

https://www.bbc.co.uk/news/uk-politics-51706802

The government has estimated a post-Brexit trade deal with the United States would boost the UK economy by 0.16% over the next 15 years.

The figure is included in a 180-page document setting out the UK's negotiating position for talks, expected to begin later this month.

The document pledges to maintain maintain food standards and stresses that the NHS is "not on the table".

It comes as separate trade talks with the EU get under way in Brussels.

The UK government said a US deal should seek to lower import taxes, or tariffs, on many UK exports - and increase trade in services.

It says an agreement would increase the UK's gross domestic product (GDP) by between 0.07% and 0.16%, depending on the exact terms of the deal.

[1andrew1]

Originally Posted by Hugh

Whilst in principle I agree with you (shock, horror), we mustn’t throw the baby out with the bath water.

Financial Services in the U.K. are 7% of the economy, employ 1.1 million people, contributing over £130 billion to the economy, with £30 billion of tax revenue.

---------- Post added at 18:45 ---------- Previous post was at 18:18 ----------

https://www.bbc.co.uk/news/uk-politics-51706802

Yup, lose 7% in GDP with a no-deal Brexit but gain 0.16% with a trade deal with the US. Only the priviliged rich can comfortably take a hit like that.

[Sephiroth]

Originally Posted by 1andrew1

Yup, lose 7% in GDP with a no-deal Brexit but gain 0.16% with a trade deal with the US. Only the priviliged rich can comfortably take a hit like that.

That's a complet disconnect from relevance. It's a straight economic argument vs sovereignty. Simple as that. Then there's the trust that British ingenuity, with hard work and free of EU regulations will build the economy past its previous stage.

[Mr K]

Originally Posted by Sephiroth

That's a complet disconnect from relevance. It's a straight economic argument vs sovereignty. Simple as that. Then there's the trust that British ingenuity, with hard work and free of EU regulations will build the economy past its previous stage.

That's right, keep believing, in Boris we trust, that woken you up yet?

[Sephiroth]

Originally Posted by Mr K

That's right, keep believing, in Boris we trust, that woken you up yet?

Just try, Mr. K instead of whinging.

Originally Posted by Sephiroth

That's a complet disconnect from relevance. It's a straight economic argument vs sovereignty. Simple as that. Then there's the trust that British ingenuity, with hard work and free of EU regulations will build the economy past its previous stage.

But economic arguments are relevant - 1.1 million jobs are real and relevant, as is the £130 billion contribution to our economy; can you give me an example of what could replace these?

[Sephiroth]

Originally Posted by Hugh

But economic arguments are relevant - 1.1 million jobs are real and relevant, as is the £130 billion contribution to our economy; can you give me an example of what could replace these?

Not really. I'm expecting the Guvmin to boost the economy and keep jobs going.

Originally Posted by Sephiroth

Not really. I'm expecting the Guvmin to boost the economy and keep jobs going.

But I just showed the Government figures expecting that our increased trade with our biggest single (country) market is going to increase the UK economy, over 15 years, by 0.16%...

You seem be hoping for some yet undefined miracle.

[Sephiroth]

Originally Posted by Hugh

But I just showed the Government figures expecting that our increased trade with our biggest single (country) market is going to increase the UK economy, over 15 years, by 0.16%...

You seem be hoping for some yet undefined miracle.

All you showed was one small element of economic activity.
The Guvmin's mission is to sustain jobs, with or without an EU trade agreement.

Remainers still seek alignment with the EU because it’s the next best thing to membership and makes eventually rejoining the bloc an easier sell.

Leavers still seek a clean break because that is the only way to achieve the various priorities of the coalition of interests that brought us successfully out of the EU - whether that be control of fishing, borders, immigration, trade policy or the basic principle of national sovereignty.

Thus far, absolutely bog all has changed and if this “debate” continues along these same lines for the next 9 months it is going to be so, so boring ...

[1andrew1]

Originally Posted by Sephiroth

Not really.

No further questions m'lord.

[Carth]

So . . . we're going to lose 1.1 million jobs then . . or is that just a wild stab in the dark to make things look bleak?


Also, in complete honesty and speaking as one who had the rug pulled out from under him a few times when 'up north' got decimated . . it's about time someone else copped it

[Pierre]

Originally Posted by Mr K

That's right, keep believing, in Boris we trust, that woken you up yet?

Boring. Do you play any other tunes?

[1andrew1]

Originally Posted by Carth

So . . . we're going to lose 1.1 million jobs then . . or is that just a wild stab in the dark to make things look bleak?


Also, in complete honesty and speaking as one who had the rug pulled out from under him a few times when 'up north' got decimated . . it's about time someone else copped it

It will always be "up north" particularly the North East that gets it. London and the South East will be less adversley affected.

Originally Posted by Carth

So . . . we're going to lose 1.1 million jobs then . . or is that just a wild stab in the dark to make things look bleak?


Also, in complete honesty and speaking as one who had the rug pulled out from under him a few times when 'up north' got decimated . . it's about time someone else copped it

You appear to accidentaly misinterpreting what I wrote.

I want the best deal for our country (I live here, my family and friends live here - anyone who wants a deal that damages our economy or our country is being blinded by partisan politics) - the point I made was that perhaps it was more appropriate to focus on getting a good deal on something that is a major part of our economy, and if it was diminished by additional tariffs, would have a negative effect on our economy, than on a small part of our economy, just to "stick it to the Frenchies".

Hope that clarifies the matter.