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Sovereignty comes first: Britain lays out tough stance for EU trade talks


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5 hours ago, vinny41 said:

The EU Risks
Tariffs on €47 Billion
Without a Brexit Trade Deal

Germany is poised to take the biggest blow, with €18.8 billion of its goods potentially subject to tariffs—about as much as the combined value of close U.K. trade partners Belgium, Spain, Netherlands and France.

The €17.5 billion of autos Germany shipped to the U.K. in 2018 would incur levies from 10% to 16%, adding €1.8 billion to the cost of doing business. Automobiles—including cars, heavy-goods vehicles and motorcycles—are by far the largest category by trade value targeted, making up more than 77% of would-be tariffable 2018 exports and affecting every member country.

https://www.bloomberg.com/graphics/2020-no-deal-brexit-trade-tariffs-european-union/

The tariff effect works in both directions. In the end, UK export products and EU export products will become more expensive for all European end users. In between, the exchange rate hinge also has a monetary effect. The additional customs clearance procedures will also make trade between the EU and the UK more expensive. All those involved have been aware since 3,5 years, that the Brexit is economically a loose, loose situation.

That is nothing new.

 

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1 hour ago, englishoak said:

 

Not if its distributed better and Boris does what hes promised, this is effectively day one with another 5 years at least to come. You assume Britain isnt going to change, I say there is NO other choice but to and im beginning to think just maybe Boris is going to do his best to make it actually happen... time will tell but this PM is by far the most learned, shrewd and smart cookie we have had in a long long time. 

I understand you are coming at this from an agnostic starting point, but for the brexit true believers Singapore on Thames would be their worse nightmare!

 

As probably one of the most international cities in the world, it would demand the attention of the money markets and government, to the detriment of the rest of the country. 
 

To redistribute any of that wealth away would be a contradiction of basic Tory values (SOCIALIST!!!) and they’d be relying on good old Thatcherite trickle down theory to benefit their new loyal subjects in the outlands.

 

But it isn’t that I’m not a half glass full guy. The outlanders will have a new group of people to blame for their self inflicted failings.

 

Anyone from the new global elite who will make London their home to the Bengali migrant workers (a la Singapore) to do the low paid stuff. Instead of sticking it to the poles and other Eastern Europeans they’d be able to crack even more Londonistan jokes here on TV, and bang on about how the ‘native Brits’ have been left out (again...). 
 

So Singapore on Thames? Bring it on I say!

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1 hour ago, bannork said:

Fallen already mate after Johnson announced his hardline approach to the EU.

I don't know what the British public are gonna feel like when they realise Johnson has ordered a minimum 5% cut in spending across all departments barring health, crime and regional inequality after 10 years of Tory austerity already.

Seems like there's no money spare after all.

https://www.politicshome.com/news/uk/political-parties/conservative-party/news/109485/sajid-javid-orders-ministers-find-5-cuts

 

 

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Brexit is currently the UK's most expensive project. The whole thing is mainly financed with new loans. The extent to which the Brexit project will provide the necessary cash flows for debt repayment and interest is up in the stars. 

The UK is currently as far from a solid state budget as a giraffe's a.s.s is far from the head.

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1 minute ago, englishoak said:

 

I think your being incredibly emotional and taking  people in politics way too personal to even be anything but ultra biased. Your never going to give anyone south of the border a  chance so excuse me if i take little notice of your opinion of the guy. Everyone in politics has their haters but I try to keep an open mind and look at results rather than just listen to others critique.  The proof will be in some years time. I can say from experience as London mayor and working with his team he was very successful despite the critics he got things done while keeping people smiling, it goes a long way when you roll up your sleeves and get in there with people on the ground and hes always been good at that. So im willing to give the man a fair crack at things before ripping him down. I cant think of no other political figure as capable given we are out to do so. 

I am 'biased' but you have decided that I will never give any English PM a chance? If I wasn't so calm in my advancing middle age, I might take offence at the suggestion. I did think you had a greater ability to see more than 1 dimension; maybe I was wrong.

 

If you have such insight into his tenure as mayor, do you know where the £40 odd million of taxpayers' money he shelled out for the Garden Bridge disaster disappeared to?

 

 

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11 minutes ago, englishoak said:

 

We both know your salty because Scotland is not getting another ref under Boris. but Ok so tell me what past PMs you admire or liked then ? 

 

Im not the accountant so no I dont, I just supplied staff sometimes,  what kind of stupid question is that ? 40m is nothing in macro terms and not all ideas work, I can bet there are plenty in Scotland too but so what  ? some are just plain stupid and that was one, it wasnt wanted or needed as any londoner could have told you, Ken (  I supplied his team too ) wasted that and more on bendy buses that couldnt fit streets a  thames gateway bridge (cancelled ) and other projects ,  least its only money, the current one stopped the police doing their jobs so people have been getting stabbed and killed for years ho hum.... some things work, others dont and taxes get wasted. Nearly every gov planned project goes over budget lad you know that, even the ones that are finished, its all tax payer money, dosnt matter what party it is. Not many think Boris did a bad job as Mayor especially Londoners, cant say the same for the current one, absolute disaster he is. 

 

I answered your Scottish Q in the other thread btw, 

 

 

I'm not sure that we need another ???????????????????????????? hi-jacking after the mauling Ian Blackford received in this video.

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9 hours ago, TheDark said:

I believe now EU as well as all the countries are better able to tell what UK can or can not do.

 

The trade negotiations are starting and each side will project it's power towards other.

 

There also will be international courts, which's rulings UK has to abide. That is if UK wishes to conclude trade deals with others. It would be quite unfair to let either party to rule the cases in their national courts. 

quote "There also will be international courts, which's rulings UK has to abide. That is if UK wishes to conclude trade deals with others. It would be quite unfair to let either party to rule the cases in their national courts."

 

You conveniently forgot that the EU also has to abide the rules.

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23 minutes ago, Logosone said:

This exactly describes Angela Merkel as well 'look and see what way the crowd is heading before jumping in front to shout 'follow me''.

 

I am afraid this is the new breed of politicians we are cursed with. Gone are the days of integrity and leadership, a Helmut Kohl, Helmut Schmidt, Alan Clark or Tony 

 

Still, at least we are not dealing with outright murderers like Trump, Obama and all the other Chicago presidents from the States. I hope not, anyway.

 

 

 forgetting Tony Blair much? Or how the British Empire was acquired?

Edited by winslowsjardine
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4 hours ago, bannork said:

Fallen already mate after Johnson announced his hardline approach to the EU.

I don't know what the British public are gonna feel like when they realise Johnson has ordered a minimum 5% cut in spending across all departments barring health, crime and regional inequality after 10 years of Tory austerity already.

Seems like there's no money spare after all.

https://www.politicshome.com/news/uk/political-parties/conservative-party/news/109485/sajid-javid-orders-ministers-find-5-cuts

 

 

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yeah, frankly a hard line approach is almost isolationist.  So much could happen. 

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10 hours ago, bannork said:

Reporters have boycotted a briefing on Boris Johnson's Brexit plans after Downing Street ordered senior journalists from some of the UK's major news organisations to leave.

https://www.theneweuropean.co.uk/top-stories/journalists-boycott-number-10-briefing-on-brexit-1-6496569

 

 

yes, saw that on the news

not a smart move by BJ to upset the msm gang

particularly with the silly explanation offered at the time

 

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On 2/3/2020 at 1:07 PM, Logosone said:

"sovereignty trumps the economy."

 

It has to for Britain. In the past 30 years, the UK's manufacturing sector has shrunk by two-thirds.

 

https://www.theguardian.com/business/2011/nov/16/why-britain-doesnt-make-things-manufacturing

 

Britain is one of the world's most indebted countries, per capita GDP. Huge trade deficit with the EU.

 

Eighty percent of its economy is now services, it hardly makes any goods worth trading with, but is a nation of servants desperately trying to sell its services.

 

Italy now produces more than the UK. So does India.

 

https://www.statista.com/statistics/456342/realtive-comparison-of-value-added-in-manufacturing-of-leading-countries/

 

Why would Boris care about what can't be helped, the eventual economic decline of Britain, when he can dance and fiddle on the Titanic of sovereign greatness with the ghosts of visions past?

 

You have to feel sorry for the UK. Watch how they desperately cling to the straw of an ailing car manufacturer like Nissan. Toyota have said nothing of the kind, have they? In fact BMW and Toyota have made clear that if the UK fails to secure a good deal with the EU they're out.

 

https://www.telegraph.co.uk/business/2019/03/05/bmw-toyota-sound-no-deal-brexit-alarm/

 

But that's the pathetic state Britain is in now. With two thirds of its manufacturing output irretrievably lost the British have to depend on stronger economies like Japan, German and the US building plants in the UK to feed the UK population. It's sad really. 

Copied from another thread but as it is obvious that being an EU member has not helped us at all, it makes the leave case even stronger.

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On 2/3/2020 at 1:31 PM, Chomper Higgot said:

The economy, or at least the economic impacts on working people have never concerned the Tories.

 

It was Thatcher who declared the UK a post industrial nation, and directed national policy away from

manufacturing to the service industries.

 

 

After the communists had turned industries into profitless jellies.

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On 2/3/2020 at 1:37 PM, Logosone said:

Yes, you're such a great nation that you desperately hope and pray that Nissan, Toyota and BMW keep building plants in the UK to feed your countrymen, lol.

 

I call that dependence on stronger economies.

 

Let's suppose that sovereignty argument was true, it's a nonsense of course, since the UK had no real issues to govern itself and EU law encroachment was barely significant, what would you have gained? The sovereignty to be in the driving seat of nation whose economy is now 80 per cent services, a nation of servants. A nation that has a serious debt problem, and no longer pays its own way, that needs debt like crack? Do you think free access to the EU market would have helped you to sell UK services? Possibly yes, non? Lol.

 

You're not 'Great'. And you never were. Without the exclusive access to the countries you stole from and tyrannised for centuries you can't even compete! You just gave up! You don't make things anymore, even Italy and India produce more than the UK. All you are is Greatly INDEBTED.

 

And you will continue to be so for generations. You will have to go to the capital markets to finance the benefits you pay out to the elderly and unemployed. Did you know that Moody's downgraded the UK?

 

"Moody’s, which stripped the country of its AAA rating in 2013, well before the 2016 Brexit referendum, and downgraded it again in 2017, said on Friday it was affirming its Aa2 rating on Britain’s sovereign debt."

 

https://www.cnbc.com/2019/11/08/moodys-downgrades-outlook-on-uks-rating-on-brexit-paralysis.html

 

Great, lol.

 

 

More mush n Moodies!

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On 2/3/2020 at 3:27 PM, Logosone said:

Of course it is strictly for domestic consumption. Boris is trying to galvanize the Union Jack pyjamas.

 

I like Boris very much and he is an exceptionally intelligent man. If you seriously believe economic considerations are not foremost considerations in his mind, as the PM, you'll believe anything. He's just trying to stoke the nationalist fires. It worked so well in the past.

 

Then again, Boris is also a Little Englander at heart. It's his weakness.

 

Boris may truly believe that Britain can buy more from the US, less from the EU. Unfortunately for him Britain is not a directed economy a la China. The British will continue to clamour for Renaults, BMWs, Nutella, Alessi, and British ladies will continue to buy Zara clothes. 

 

The idea that Britain can reduce its deficit by buying from the US, Canada and Botswana is, frankly, pure fantasy. The demands of the British people will decide. And most British are not so stupid as to not want the best product. That is, in many cases, a European product.

 

Of course the EU technocrats are dying to punish the UK for what they went through and they can't be seen to reward the UK for leaving. However, this is balanced by the fact that national governments still want a part of the UK market.

 

"For what they went through". Utterly pathetic. 

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On 2/3/2020 at 5:03 PM, puipuitom said:

Exactly as Charles de Gaule said for years: the British do NOT feel themselves a part of Continental Europe, big chance for frustration and sabotage, so… NEVER let them in the EEC.  He was over 99 % right.

I can agree with that one.

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23 hours ago, samran said:

Um, the EU won’t put tariffs on their own exports. That is the UKs decision....

 

Actually, on WTO terms, it is the WTO's decision, because another WTO member will bring it to court if the rules aren't followed. Unless the UK could successfully argue to treat EU imports under a most favored nation clause, they would be required to charge the same import tariff on EU goods as any other WTO member.

 

Neither side has much flexibility under WTO terms, which is why a treaty of some kind will be signed. But what is in that treaty will be the interesting question.

 

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On 2/3/2020 at 5:09 PM, puipuitom said:

Nice, all these tax cuts, but.. any idea, where the UK will get the funds from to pay all what is necessary to run a country ? Not to forget the 350 mln pounds per week for the NHS !

As lost contributor to the EU budget: that soon will be covered by import duties of UK products into the EU: a LOT more.

The GDP of Greece is growing again, that of Italy and France are about the size of the UK ( and higher as of the Single Kingdom), with more trade treaties ratified than the UK will have in a decade.

The big wide world… is really waiting for you … as supplier maybe, but NOT as customer for British products. Please donot forget it is NOT the times of the 19th + beginning of the 20th century, when "negociation" for the British meant: "we give a proposal, and.. when YOU bend enough for us, maybe we will add a few crumbs for you".

Any import duties of UK products into the EU will have to be matched by similar reciprocal duties, which will be more than a LOT more and which will damage the EU budget more than it is going to be already. Yes, Greece is growing again but it is slow and their debt is still crippling. 

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23 hours ago, Logosone said:

 

I'm glad you raise this point. 

 

Europeans have just under €10 trillion at their disposal in 2019. Per capita purchasing power grew by approximately 3.5 percent in 2019, which is significantly higher than last year’s value.

 

https://www.gfk.com/insights/press-release/europeans-spend-eur14739-per-person-in-2019/

 

 

The European/EU differential is important here. How interesting that the top two countries in the purchasing power rankings (namely Liechtenstein and Switzerland) are not in the EU. 

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20 hours ago, puipuitom said:

No country is RULED by the EU. Why you British did not learn anything how the EU works ? 

 

First of all: the EU Parliament, with elected representatives of each member state. Not so much influence.

 

2) The EU Commission, with a commissioner from each EU member state. As president: Von der Leyen ( in the part: Juncker). Are allowed to do investigation, proposals etc. Kind of council of minsters.

 

3) EU Council, existing of the leader of government of each EU member state, and in fact the only one with power. President: Michel. In the past: Tusk. Even when the EU Parliament wanted THEIR "Spitzenkandidat" as president of the Commission, it failed completely, as.,. the EU P has NOTHING to say about who will be elected by the EU Council as president of the Committee.

 

In that Council always the Prime Minister of the UK was one of the members, so, if he/she did NOT agree, nothing would happen.

 

Same old mush. Juncker happened...even after Dodgy Dave said no no no! ???? 

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20 hours ago, puipuitom said:

Since when the EU ever had anything what looks like a "military... wheatever ? 

All military activities were done OR under NATO  or a temporary Alliance of nations. NEVER any involvement of the EU. Not in Africa, Iraq, Afghanistan, Syria, Balkan whatsoever.

Time you learn to read !

You're right - they haven't - but that's what they want now. Please get up-to-date.

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