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Chances of Brexit deal fading every day, EU Commission chief says


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12 hours ago, david555 said:

E.U. State of the Union 16 September  2020 
E.U. shall never backtrack on W.A. agreement

Well, she sort of has to say that, doesn't she? Interesting to see some MEPs giving her stick after her address, in which she basically admitted to being a left winger. Silly thing to do. 

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1 hour ago, Rookiescot said:

The EU does a billion euros a day with China. In a whole year we export to them 30 billion pounds in trade (4.4% of our total exports). They sell us 49 billion (6.8% of our total imports) . They are our 6th largest trading partner and yet another country WE have a trade deficit with. If China wants British goods and services its already getting them. We are not going to massively increase our trade with them overnight to compensate for the loss of trade we are going to experience with the EU. 

BTW a lot of our "exports" to China are financial services. If the EU does refuse to allow passporting from the City into the EU then those financial institutions are going to move to the EU. That means what used to be trade from us moves to the EU. Another big chunk of free money for the EU which we lose.

We will find out in three months wont we.

I am sure my version of events will be far closer to reality than your optimism and bluster. 

I wasn't suggesting that China was going to make up 100% of any shortfall we experience with the EU. After all, they are just one of 166 countries outside the EU (PS don't mention this to anyone but there are only a handful of countries inside the EU with sizable economies anyway, which is why the UK economy is bigger than the smallest 18 EU countries combined. Not such an insignificant minnow eh!).

 

I mentioned the Billion Euros a day to highlight that vast, huge, gigantic, gargantuan amounts of trade are possible between countries without an FTA.

 

But then you already knew that, and chose to ignore the point and deflect, since it disproves your "no FTA = Cliff edge" nonsense.

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15 minutes ago, JonnyF said:

I wasn't suggesting that China was going to make up 100% of any shortfall we experience with the EU. After all, they are just one of 166 countries outside the EU (PS don't mention this to anyone but there are only a handful of countries inside the EU with sizable economies anyway, which is why the UK economy is bigger than the smallest 18 EU countries combined. Not such an insignificant minnow eh!).

 

I mentioned the Billion Euros a day to highlight that vast, huge, gigantic, gargantuan amounts of trade are possible between countries without an FTA.

 

But then you already knew that, and chose to ignore the point and deflect, since it disproves your "no FTA = Cliff edge" nonsense.

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It is you who are refusing to accept that we already trade with those 166 countries not in the EU you get so excited by.

Those countries are already buying the UK stuff that they want. They are not going to buy more just because we left the EU. So where are we going to make up the expected loss of trade with the EU?

The answer is we cant.

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19 hours ago, Matzzon said:

Yes, and it´s only UK that is hurting out of that result. Maybe even the pound is going to fall a little bit more. Sometimes it makes one wonder how much the citizens of the UK can take?

Politically: as in the times of Oliver Cromwell, economically: back to the times of Alfred the Great.

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19 hours ago, scammed said:

a devalued pound might just be what england need

to be competitive.

nations cant just devalue on a whim these days,

but with this method no one can raise objection,

and england can export on the cheap

Look to what happened the last years: when the UK was invited to join the €uro, 1 GBP = € 1,71. In 2016: € 1,35-1,40, April-Aug € 1,12-1,13 and at present € 1,08-1,09. In my young years... 1 GBP was even DM 9,70 or.. € 4,88

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19 hours ago, Rookiescot said:

Export what?

And by the way its UK not England.

For the moment: yes, but when the Scots, Irish and Welsh are clever... they form this year with Eire the "Gaelic Confederation... just like Belgium: 4 nations in one EU membership. Maybe the City of London wants to join ?

Edited by puipuitom
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1 hour ago, dunroaming said:

Not everyone wanted Boris and half the country didn't want Brexit.  Johnson won the last election for various different reasons based on his usual lies and false promises, helped massively by a pathetic opposition party.  He ended up with a massive majority which means he can pretty much push through anything he wants to and the British people can only sit on their hands and rue the day they allowed this to happen.  Truly shameful.

 

However now Johnson has had a warning from the USA that if he continues on his quest to break international law and jeopardize the Good Friday Agreement,  they will block any trade deals with the US.  Raab is in Washington now squirming away trying to assure them that it isn't going to happen.  Also last night Johnson was rowing back furiously on the threat himself.  We can expect yet another U-turn no doubt.

 

And under pressure Boris admitted that the world beating track and trace system he lauded was failing miserably.  He was also forced to admit that they had failed on their testing facilities which is crippling the countries efforts to get back to some sense of normal.  We can expect harsher shut down restrictions to come later today.  Johnson and his cronies have failed on everything so far and there is nothing to indicate that is going to change anytime soon.

 

 

The "cleverness" of the British election system: the winner takes it all.

That the British, after over 25 years experience with Boris the Liar, still voted for him.... that's something we will see the coming 6 months... WTO "third country" import duty, outside all EU combined organisations, Schengen visa, international driver licence + insurances

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