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Items tagged with: trade

Only the US and the EU? Which country with a sane mind would enter a trade deal with the UK if they know there's a good chance the UK will later try to wiggle out of the deal, not fulfil its commitments or try to circumvent the agreement?

Brexit: UK reneging on Northern Ireland pledges risks trade deals with US and EU

#Brexit #UK #EU #NorthernIreland #WithdrawalAgreement #trade #politics #tradedeal #US
 
Unless something changes all that talk about "sovereignty" and "letting our own parliament decide our laws" was just yet another empty promise, certainly in regards to trade deals with all their legal, economical and societal consequences. It will just be another power grab by a Tory government with impacts lasting for generations, possibly forever.

Think Britain has sovereignty over trade deals? Not when MPs can’t stop them

#Brexit #UK #EU #politics #tradedeals #tradedeal #sovereignty #takingbackcontrol #powergrab #Parliament #trade
 
I think that should read "the Tories/government", not "Britain". Lots of people have predicted this for years.

Britain finally admits that Brexit means the death of frictionless trade with Europe

#Brexit #UK #EU #politics #trade #frictionless
 
Something most Brexiteers won't understand until the rude, very rude, awakening. The UK will have to very costly replicate all the previously shared agencies, which will have to be filled with bureaucrats and technocrats. Said bureaucrats and technocrats will want to cover their asses, as they will be in the firing line otherwise if anything goes wrong, so there will be a lot of regulation. The same applies to minister who while talking about "cutting red tape" in their Sunday speeches and press releases will also want to cover their asses, again meaning more regulation.

And then there's all the customs paperwork UK exporters to the EU will most likely have to complete. That will probably create several tens of thousands of jobs, so there are at least some good news. That's not even really mentioned in the article.

Why Brexit will lead to more red tape, not less

#Brexit #UK #EU #politics #trade #regulations #redtape #cuttingredtape
 
Ok, it's The Sun, so I'm not sure how reliable this is, but if true: wasn't Brexit largely about all the amazing trade deals and global Britain and all that waffle? Shouldn't that require a good bit of involvement from the PM?

Boris Johnson rips up plans for foreign trade trips to focus on ‘levelling up’ Britain

#Brexit #UK #trade #tradedeal #politics
 
We pay £350M to the EU every week, ~~let's fund the NHS instead~~ let's pay it to US drug companies instead!

Trump will insist NHS pays more for drugs in trade deal, says ambassador

#Brexit #UK #EU #politics #US #drugs #Trump #BorisJohnson #trade #tradedeal #tradetalks
 
Soon reality will collide heavily with the empty slogans and promises made to win the election. Hopefully Boris Johnson and the Tories will be held to account.

Many in the north backed Brexit. They will soon begin to feel the costs

#Brexit #UK #EU #politics #north #slogans #promises #brokenpromises #trade
 
Not a good outlook for "Global Britain"....

“Global Britain” in a cold climate: Michael Cox and Tim Oliver on Brexit in 2020

#Brexit #UK #EU #politics #trade #GlobalBritain #deal #tradedeal #China #USA #Commonwealth
“Global Britain” in a cold climate: Michael Cox and Tim Oliver on Brexit in 2020
 
Of course nobody could see this coming. The EU defending their interests with all means available to them instead of just rolling over and giving the UK everything it wants. I mean, what is the EU thinking?

Won't be long until the headlines in the Murdoch & Co press will scream about the unreasonable bully boy tactics EU. And mention that the UK won the war. And something about Dunkirk spirit.

Brexit deal: EU may threaten 'to block' City's access to its markets

#Brexit #UK #EU #politics #tradedeal #negotiation #access #city #banking #business #finance #trade #trading
 
Some interesting pointers why Singapore on Thames is unlikely to happen (despite the fantasies of the ERG and their ilk)

Boris Johnson comes to power just as free market economics is going out of favour…

#Brexit #UK #EU #politics #economy #capitalism #deregulation #trade #freemarkets #business
Boris Johnson comes to power just as free market economics is going out of favour…
 
But hey, it's what the voters wanted, adding fuel and complexity to an already challenging disruptive global scenario.

Another groundhog year of Brexit ushers in a decade of disruption

#Brexit #UK #EU #politics #economy #trade #growth #Asia #USA #disruption
 
Could very well turn out to be very close to the truth....

https://twitter.com/RussInCheshire/status/1208333108472434688?s=19

#Brexit #UK #EU #USA #China #India #deal #tradedeal #negotiation #politics #trade

Twitter: Russ on Twitter (Russ)

 
Some good arguments why Boris Johnson won't "get Brexit done" by the deadlines he promised. Despite all the bluster during the election campaign (and more bluster to come over the next year) it's quite likely there will be another "extension" (although of course it won't be called that. It will be some other term, trying to disguise it)

So Boris Johnson is going to ‘do’ Brexit – but what are the actual options?

#Brexit #UK #EU #politics #GetBrexitDone #delays #extension #trade #deal #tradedeal
 
The problem is that tariffs are mostly quite low and therefore largely irrelevant anyway. What matters is regulatory alignment, similar rules, a level playing field, recognition of standards and all those things. All of which the UK will largely lose with leaving the EU. But that's something that won't go into the heads of politicians thinking in terms from decades ago

Brexit: Free trade deals 'won't offset leaving EU'

#Brexit #UK #EU #politics #trade #deal #tradedeal #economy
 
Oh, the irony. Very good analysis!

Long read | Brexiteers might have succeeded, but Brexit will fail

#Brexit #UK #EU #politics #trade #success #failure
Long read | Brexiteers might have succeeded, but Brexit will fail
 
Oh, the irony. Very good analysis!

Long read | Brexiteers might have succeeded, but Brexit will fail

#Brexit #UK #EU #politics #trade #success #failure
Long read | Brexiteers might have succeeded, but Brexit will fail
 
Let's just trade on WTO rules, they said. That's easy, they said. No bother at all, they said.

Australia and others ask for Brexit trade compensation

#Brexit #UK #EU #politics #trade #economy #WTO #Australia
 
Good summary on what leaving the EU means even with a "free trade" deal: A lot more bureaucracy and red tape. A lot. What a lot of people don't understand is that tariffs are comparably negligible these days, the real problem is all the documentation, the rules and related areas which create friction. And friction in trade costs money. A lot of money. Not to mention it reduces competitiveness.

Let's say there's a widget maker in Germany. It needs a part for its widgets. Two suppliers in Europe can provide them, one in the UK, the other in France. Both offer very similar prices.

Our widget maker has a sudden spike in demand and urgently needs more parts. One phone call in France and two hours later the lorry with the parts arrives. The UK supplier however has its lorry stuck at the border, may be because there's a border agent strike or because there's a problem with the certificate of origin or because there's an issue with some other paperwork or because you have to register your shipment 24 hours in advance. Or the widget maker has a problem integrating the part into the widget. One phone call in France and an engineer arrives the next day to sort out the problem and as certifications within the EU are recognised signs off on it. The UK engineer in the meantime is applying for a work permit, which takes 48 hours to process. Once that is sorted he arrives 3 days later and fixes the problem. Except that it then turns out he doesn't have the necessary certifications, so the widget maker has bring in an additional engineer from Germany to sign off on the work the UK engineer has done.

Which supplier is the German widget maker more likely to pick, the French or the UK supplier?

#Brexit #UK #EU #politics #trade #frictionless #business #economy #tariffs #redtape #bureaucracy
reshare from @harry haller

Why Boris Johnson’s EU deal would actually mean a hard Brexit | The Independent a free trade agreement expressly does not mean that the UK retains all of the free frictionless access it currently enjoys.

#uk #eu #brexit
 
Here is someone explaining the process after Brexit has happened. It will not be quick, so there will be a interim period of years before new trade relations between the #EU en the #UK will take effect.

This is an interesting thread, I think. Let us be realistic about what is going to happen next.

#Brexit #EU #trade #trade-deal #UK #burning-bridges
 
Here is someone explaining the process after Brexit has happened. It will not be quick, so there will be a interim period of years before new trade relations between the #EU en the #UK will take effect.

This is an interesting thread, I think. Let us be realistic about what is going to happen next.

#Brexit #EU #trade #trade-deal #UK #burning-bridges
 
"UK must give in to all US demands to have any chance of a trade deal" There, fixed that for you. A UK desperate to get any trade deal at all will not be in a position to make demands to a much much much more powerful US. It's as simple as that.

Boris Johnson warns Trump US must compromise to get UK trade deal - BBC News

#Brexit #UK #EU #US #USA #politics #trade #deal #tradedeal #power
 
I don't understand?
The carmaker, based in Garydon, Warwickshire, last month downgraded its sales forecasts for 2019 from about 7,250 vehicles to 6,400, citing macroeconomic uncertainty in the UK and Europe, which face slowing growth and the threat of a no-deal Brexit at the end of October.
Surely all the Brexiteers will be queuing around the factory to buy a car from the last British carmaker? They won't be buying those horrible German cars, considering that they are not telling Merkel to give the UK a deal as so often predicted! Or Japanese, who are closing their UK factories

Aston Martin shares plummet to record low

#Brexit #UK #EU #politics #trade #business #carmaker #AstonMartin #car #cars
 
Waffling in Latin, ignoring details and claiming you just need to believe won't help against the harsh realities of economics and business. And no amount of money from the magic money tree will help to prepare for no deal.

Sky Views: We can't prepare for no deal nearly as much as you might think

Oh, and don't claim you weren't warned once it is too late and the damage is done. When thousands of animals had to be slaughtered pointlessly. When hundreds of small businesses built over years or even lifetimes have needlessly gone bust.

#Brexit #UK #EU #politics #economy #business #nodeal #trade #barriers
 
The Cabbage Myth

#government #regulations #trade
 
The Cabbage Myth

#government #regulations #trade
 
Slaughter one of your biggest and most respected exports on the altar of "sovereignty" and "taking back control". And once it's gone rebuilding will take many many years.

No-deal Brexit: 'Big unanswered questions' for UK music

#Brexit #UK #EU #politics #music #trade
 
And I'm sure he'll get away with it. Same as with all the other lies he's spread. Because he's somehow managed to cultivate the image of "cuddly Boris". Although I think he will still get caught out with the very harsh reality of actually running a country in deep trouble once (I don't think it's a question of if any more) he becomes PM.
Is Boris Johnson right about the rules on kippers? - BBC News
#QTWTAIN #Brexit #UK #EU #fish #politics #kippers #trade #rules #BorisJohnson
 
A few trade lessons the Brexiteers should learn. And the voters as well. Although if the voters learn and understand trade most Brexiteers will be out of a job.
Liam Fox wants children to learn about global trade. But it’s Brexiters who need the lessons
#Brexit #UK #EU #politics #trade #learning #lessons #tradedeal #economy #business
 
"Taking back control" seems to have morphed into "handing control over to the USA". Soon the Brexiteers will claim that's what people voted for and that they knew what they were voting for.
US tells Britain: Fall into line over China and Huawei, or no trade deal
#Brexit #UK #EU #USA #politics #trade #tradedeal #deal #economy #control #takingbackcontrol
(PS slightly surprised to read this in the Brexit cheerleader paper Torygraph)
 
Yeah, right, global Britain, an outward looking nation, trading and dealing with other countries.....
Brexit 'putting pupils off modern foreign languages'
#Brexit #UK #EU #politics #languages #international #trade #economy #education
 
What the Brexiteers don't want you to know about a trade deal with the US. And what they don't want to themselves either, going lalalalalalalala.....
Trump's UK trade deal: An abusive relationship with a now vulnerable country
#Brexit #UK #EU #USA #politics #trade #deal
 
No, really? Nobody warned of that going to happen. Special relationship and all that. All Tory leadership contenders will dismiss it as fake news. Until Trump forces a nasty trade deal massively favouring the US on them.
Little Britain? The UK loses its mojo in Washington
#Brexit #UK #EU #politics #USA #trade #deal
 
The latest update from the no shit Sherlock department:
Brexit trade deals will be worse than EU deals, says ex-UK trade chief - Business Insider
#Brexit #EU #UK #politics #trade #tradedeals #economy
 
Ouch. Brexit has always been “a solution in search of a problem.” Harsh, but very true. And the conclusions in the second article are quite interesting (and the exact opposite of what the rich backers of Brexit wanted to achieve....). Two good reads with a view from the US:
Brexit will mark the end of Britain’s role as a great power - The Washington Post
and
What Brexit means for the future of UK capitalism | Political Quarterly Blog
#Brexit #UK #EU #politics #economy #business #manufacturing #services #trade
 
As predicted many times: Remain voting London will suffer least, the Leave voting industrial regions will suffer most. But hey, "sovereignty" and "taking back control"....
Brexit won’t bother the City – but everyone else should worry | Nils Pratley | Business | The Guardian
#Brexit #UK #EU #politics #trade #economy #banking #industry #business
 
The promises of the Brexiteers in regards to trade deals vs the harsh, very harsh, reality:
More striking is the US attempt to restrict Britain’s ability to sign a deal with a non-market economy such as China. So much for taking back control. If the UK were to sign up to these demands, we’d simply be trading one set of restraints on our sovereignty – restraints agreed by us and 27 other nations in Brussels – for another, dictated by Donald Trump in Washington.
But then I've got a sneaking suspicion that a lot of the "dark money" which was flowing (or flooding?) into the Leave campaign also came from interested circles in the US (in addition to some Russian sources).

We now know the great prize of Brexit: becoming Trump’s prey | Jonathan Freedland | Opinion | The Guardian
#Brexit #UK #EU #US #politics #trade #tradedeal #darkmoney
 
How the gesture politics of the UK government is geared towards internal PR and lulls part of the population into a false sense of greatness and security....
Forget the Blunders on Brexit and Foreign Policy, the ISIS Mother and Her Infant are the “Real Threat”
#Brexit #UK #EU #politics #China #Japan #foreignpolicy #trade #tradedeals
Forget the Blunders on Brexit and Foreign Policy, the ISIS Mother and Her Infant are the “Real Threat”
 
Well, that's one way to balance the budget. All this money will have to go somewhere and it will be the Treasury's coffers. Of course they won't use it to help the general population, instead it will be used to pay for all the increased Brexit bureaucracy.
UK food imports from EU face '£9bn tariff bill' under no-deal Brexit | Politics | The Guardian
#Brexit #UK #EU #politics #trade #food #tariffs #budget #money #Treasury
 
Another Leave campaign lie being exposed, trade deals for the UK are much harder to come by and most likely they will be less beneficial than the deals the UK benefited from while in the EU. I wonder how the Brexiteers will explain that to UK exporters who will almost certainly lose business and their staff who lose their jobs for those businesses who will go bust when they can't export as easily any more. Who will they blame (as of course nothing can ever be their fault)?
Britain is discovering the difficult truth about trade deals | Phillip Inman | Business | The Guardian
#Brexit #UK #EU #politics #economy #trade #tradedeals #export
 
Somehow I doubt Jacob Rees-Mogg and his ilk will care much. They will still be able to afford flowers, tough luck for the rest....
Florists: Fresh blooms could become preserve of the rich in no-deal Brexit | UK news | The Guardian
#Brexit #UK #EU #Netherlands #politics #trade #flowers #CrashBrexit
 
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