Alexander Boris de Pfeffel Johnson keeps getting elected, so at least his constituency disagrees.Yes because obviously letting children vote is a great idea.
Alexander Boris de Pfeffel Johnson keeps getting elected, so at least his constituency disagrees.Yes because obviously letting children vote is a great idea.
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.
no no no no when we complain about foreigners sending money abroad, we're talking about Polish plumbers, not Australian media baronsThe EU should add to the Brexit negotiation conditions that Murdoch has to pay tax in the UK for his UK media business
Most exporting businesses would disagree with you. We run a trade surplus with the EU, mostly due to services.
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.
The Guardian:
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.
https://www.theguardian.com/busines...de-deficit-with-the-eu-is-woeful-and-widening
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.
The Guardian:
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.
https://www.theguardian.com/busines...de-deficit-with-the-eu-is-woeful-and-widening
On China-US, but relevant:
https://www.theatlantic.com/politics/archive/2018/06/china-losing-the-trade-war/563030/
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).
he discovered ECON 102Wow, David Frum providing coherent analysis of something, that's pretty rare
Done.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.