IMO it'll be the rest of us who will have the nasty wake up, the Brexiters will continue to inhabit the fantasy of their own devising. Whatever U.S. trade deal we end up with, Brexiters will swear it's far better than the EU deal even if it's demonstrably stacked in the U.S.' favour to a greater extent than the E.U./U.S. deal - it's a necessary fiction.
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IMO it'll be the rest of us who will have the nasty wake up, the Brexiters will continue to inhabit the fantasy of their own devising. Whatever U.S. trade deal we end up with, Brexiters will swear it's far better than the EU deal even if it's demonstrably stacked in the U.S.' favour to a greater extent than the E.U./U.S. deal - it's a necessary fiction.
You should be able to fleece the Satanic Cheeto in a trade due to his eagerness to prove Brexit right and therefore himself. Other countries not so much.
I wonder if that consideration will outweigh his "put America first" ideology.
He seems to have the sort of "zero sum game" view of international trade that Adam Smith was denouncing in the very year the United States of America declared its independence.
Archie Gemmill Goal
Banned
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It'll be interesting. If we could negotiate it tomorrow then both sides would probably be desperate to do a deal on any terms and you would probably get a very open agreement with minimal if any tariffs across the board. Whatever deal was actually agreed wouldn't matter because both sides would just lie about what it means in reality.
Of course the UK can't sign anything until it's out of the EU by which time Trump will already be knee deep in his Presidency so there will be less urgency to get a deal under his belt.
Ironically fears of Trumps economic policy, or the lack of one, appear to have somewhat reversed the post referendum slump in the value of the pound.
Well, barely.
Indeed. According to the BBC financial news
Despite its recent gains, the pound is still down by about 17% against the dollar since the Brexit vote in June 2016.
That's not very impressive.No it's not, mostly seems to reflect the fact that the markets are more scared of Trump than of Brexit, but it's hardly reassuring.
As to a trade deal with the US given the protectionist actions already being proposed by Trump you really have to wonder what May expects to get from him. Of course like Brexit plans and Trident tests its one of those things neither parliament nor the public have a right to know about.
Klimax
NWO Cyborg 5960x (subversion VPUNPCKHQDQ)
Welcome to Jojo or Ping-Pong of Currencies. Up, down, up, down... It will be very nice for British economy. For various study options you can check out Czech currency over years - including bloody idiotic intervention by Czech National Bank.
You're in for very fun times ahead.
You're in for very fun times ahead.
ddt
Mafia Penguin
No, no, you don't understand. Corbyn's secret ambition is to write "The Condition of the Working Class in England, revisited 180 years later".
Either he is totally blind to the fact that in the current political climate in the UK, the EU is the best safeguard for civil liberties, protection of workers' rights and the social security system; or he thinks that immiseration is a necessary condition for the workers to again become aware of their historical duty of the proletarian revolution.
No, no, you don't understand. Corbyn's secret ambition is to write "The Condition of the Working Class in England, revisited 180 years later".
Either he is totally blind to the fact that in the current political climate in the UK, the EU is the best safeguard for civil liberties, protection of workers' rights and the social security system; or he thinks that immiseration is a necessary condition for the workers to again become aware of their historical duty of the proletarian revolution.
The Supreme Court is due to rule today on whether parliament has to authorise the triggering of Article 50. Corbyn wants Labour MPs to vote in favour because Brexit represents the "will of the people".
I contend that it doesn't on the grounds that, despite the
Corbyn is under the delusion that leaving the EU will pave the way for establishing a workers' paradise here in the UK. He views the EU as a corporatist organisation which is suppressing workers' rights in the cause of globalisation (some German colleagues have a similar view). He doesn't realise that, post-Brexit, the UK will have to shed workers' and environmental protections by the boatload in order to improve "efficiency" in the global market.
As I have consistently maintained, he is still fighting the political battles that were raging when he was in the 6th form rather than addressing the issues of the real world
A pox on him !
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Aepervius
Non credunt, semper verificare
He broke out of the TPP out of "America first" consideration. The only way I see him doing a favorable deal with the UK, would be to "stick one" into the EU. But that would be very obvious and very bad policies. More likely it would be a deal stacked in US favor.
Guybrush Threepwood
Trainee Pirate
The Supreme Court is due to rule today on whether parliament has to authorise the triggering of Article 50. Corbyn wants Labour MPs to vote in favour because Brexit represents the "will of the people".
I contend that it doesn't on the grounds that, despite the Leave campaign's insistence that Brexit also meant leaving the EEA (and being branded "team fear" in the process), people weren't aware that the binary choice was EU membership and Hard Brexit.
Corbyn is under the delusion that leaving the EU will pave the way for establishing a workers' paradise here in the UK. He views the EU as a corporatist organisation which is suppressing workers' rights in the cause of globalisation (some German colleagues have a similar view). He doesn't realise that, post-Brexit, the UK will have to shed workers' and environmental protections by the boatload in order to improve "efficiency" in the global market.
As I have consistently maintained, he is still fighting the political battles that were raging when he was in the 6th form rather than addressing the issues of the real world
A pox on him !
Shome mishtake here surely?
Pixel42
Schrödinger's cat
What environmental standards would they be? Surely, if we want to trade with the EU in the future, we would have to operate to their standard? This is what Norway has to do for example.
Unless of course we stop trading all together with them, which would be "interesting".
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From a report in the Guardian, May seems to be in full fantasy mode again.
So: bold, global Britain will leave the single market and the customs union – but keep the best of both through a new comprehensive free trade agreement, sector-by-sector deals and a bespoke customs pact allowing frictionless trade.
At the same time, it will end the free movement of EU citizens, withdraw from the jurisdiction of the European court of justice, and stop paying “vast amounts” into the EU budget. That, at least, is the intention.
But what will be the outcome?At the same time, it will end the free movement of EU citizens, withdraw from the jurisdiction of the European court of justice, and stop paying “vast amounts” into the EU budget. That, at least, is the intention.
I presume if we drop back to "WTO Terms" then we only have to adhere to minimum WTO standards.
Of course if they are the same as EU standards then that's another bit of "sovereignty regained" that can be consigned to the "Utter Bollox Bin"
All Conservatives will vote to leave - regardless of their own personal convictions or the views and/or wellbeing of their constituents as will the Corbynites.
Once again IMO 52-48 is not a swingeing mandate especially when at least some of the 52 didn't envisage a Hard Brexit (and a fair few of them will have dropped off the perch since the referendum)
. Sometimes our representatives have to consider the good of the country.We will be ******* every way to Thursday by large non-EU countries and trading blocs and end up with horribly lopsided trade deals in our desperation to close some deals.
Our deal with the EU will be marginally better than WTO terms at significant cost (financial, political and prestige) to the UK. It will be naturally hailed as groundbreaking and "teh bestest trade in the history of evah" by the government despite the evidence to the contrary.
The economic fallout will be such that May will wrap herself in Union Jack, call on the spirit of Dunkirk (another example of an embarrassing and chaotic European exit spun as a victory for Blighty) and like mugs the British public will fall for it hook, line and sinker
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