Discussion in 'Off-Topic' started by Arakhor, Oct 26, 2017.
Alexander Boris de Pfeffel Johnson keeps getting elected, so at least his constituency disagrees.
Well, there we go, just as expected, any attempt to have a trade deal with the US is off if we stick to EU rules (at least according to Trump this week). Naturally, the EU has traded with the US most unfairly, so if there's anyone who still thinks we'll be able to negotiate anything other than a totally one-sided deal (for the US), then they clearly have another think coming.
Just saw that interview with The Sun by the global wrecking ball. It seems very important to me. It becomes clear, after this last scuffle within the UK government, that Murdoch remains strongly on the hard brexit field. And that australian as a lot of influence in UK politics. It cannot be an accident that he got the Sun to run that interview.
I now think that May's days as PM are numbered. As in a very low number. The slow-motion resignations might have been a failed attempt at ousting her, but this shows that the plan is larger than a conspiracy by a handful of top tories and is still on.
Of course who would be insane enough to be holding the bag when you have a HardBrexit and everything goes pearl shaped.
The EU should add to the Brexit negotiation conditions that Murdoch has to pay tax in the UK for his UK media business
no no no no when we complain about foreigners sending money abroad, we're talking about Polish plumbers, not Australian media barons
but the Polish plumbers have paid tax unlike the media barons.
We most certainly do not run a trade surplus with the EU - we have run an ever-increasing deficit (inc services) with them since ’99.
All we are is the EU’s cash cow.
We suck in billions from around the world in services and spend it in the EU.
And when we complain we do not fit into their single market, we are sold to shut up and behave.
And then we have to pay billions every year for the privilege of buying billions worth of their goods every year.
Britain’s trade performance with the rest of the EU has been woeful. According to data produced by the House of Commons library, it has run a trade deficit in goods and services combined in every year since 1999. What’s more, the deficit is getting bigger over time, doubling from £41bn to £82bn between 2012 and 2016.
The UK’s trading performance with the rest of the world has been better. Exports and imports were broadly in balance from 1999 to 2011 but since 2012 there has been a fivefold increase in the surplus from £8bn to £39bn.
The Guardian piece then goes on to point out:
Smallwood says the UK’s trade performance has deteriorated because the single market and the customs union are designed to suit other countries, Germany in particular, but not Britain.
“It is not surprising that our trade deficit with the EU continues to grow, because the single market and customs union does not represent a free trade area. It is a free trade area only in goods. Manufactured goods represent Germany’s comparative advantage, whereas ours is in services.
Traitorfish, you got post #2500, so would you like to start the next thread? If not you, then Silurian (post #2499).
I checked and you're right, we do have an overall trade deficit with the EU. However we do have a surplus in services with them which means May's plan for just free trade in goods with them is a bad idea.
So, The US-UK relationship is the "Highest level of Special".
On China-US, but relevant:
The Trump administration views the U.S.-China trade relationship upside down: It’s not Americans who suffer from Chinese surplus.
It’s an axiom of national accounting that the current account (the trade balance plus earnings on overseas investment) must precisely equal the capital account (net foreign investment in a country).
Wow, David Frum providing coherent analysis of something, that's pretty rare
he discovered ECON 102
And this is why the continentals are so keen to create this Irish border issue to keep the UK de facto in the EU's customs union.
Moderator Action: Closed old Brexit thread. Further discussion belongs in the new Brexit thread.
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