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May’s Brexit Deal Has a Fatal Defect: The agreement makes Britain a perpetual subordinate.
"The terms are that, unless the EU says different, Britain would remain in a relationship that suits the EU pretty well — as part of a stripped-down customs union (preventing the U.K. from cutting its own trade deals), bound by various “level playing-field” restrictions (making it impossible for Britain to make its own policy on an array of economic questions), with a border of sorts between Northern Ireland and the rest of the U.K., and subject to rulings of the European Court of Justice across an expansive range of issues."
"Britain would be a disenfranchised EU rule-taker, with no voice on policy, and no option to quit. "
May’s Brexit Deal Has a Fatal Defect: The agreement makes Britain a perpetual subordinate.
"The terms are that, unless the EU says different, Britain would remain in a relationship that suits the EU pretty well — as part of a stripped-down customs union (preventing the U.K. from cutting its own trade deals), bound by various “level playing-field” restrictions (making it impossible for Britain to make its own policy on an array of economic questions), with a border of sorts between Northern Ireland and the rest of the U.K., and subject to rulings of the European Court of Justice across an expansive range of issues."
"Britain would be a disenfranchised EU rule-taker, with no voice on policy, and no option to quit. "
That's only until a deal can be worked out and May has already stated that it's a temporary measure during the transition phase and that we will leave the Customs Union by 2021.
There's also the question of whether May's deal is actually accepted, or whether we leave the EU to trade under WTO rules.
May's deal is not going to get through Parliament, I think that's patently clear.
The Labour party under Corbyn want to permanently stay in the Customs Union, which would mean we couln't make trade deals outside of the EU, and we would be worse off.
However the current deal on offer only involves things like the Northern Irish border a petty issue the EU are using as an excuse to keep us in the Customs Union and under their control. Of the 556 pages in May's deal only 7 pages mention trade, the rest is the Irish Body, EU Citizens in Britain and British Citizens in Europe and of course the £40 Billion pay off. This deal is known as the Divorce settlement.
The next stage of negotiations is the Trade Agreement and invoves trade and our future relationship with Europe.
It's fairly clear that we are going to leave, and then negotiastions will continue as part of a transitio phase, agreed by both sides, so don't believe all the scare mongering regarding March 29th.
In terms of a trade deal given that the EU would like to contnue it's $89 Billion a year trade surplus with the UK, I think a deal could be worked out.
Trump is furious because the US has a $92 Billion a year trade deficit with the EU, on US exports of $501 Billion, which is fairly similar to the UK deficit on much less trade. The US being a much bigger country than the UK, and it's deficit involves a lot more trade, so the UK has much more to complain about than the US when it comes to trade. Although the US does spend around 5% of it's defence spending on Europe, which equates to $35 Billion a year, whilst countries such as Germany do very little and only have defence expendture of 1.2% GDP. As for all the talk of a Euro Army like everything else the EU touches it will be a disaster and Britain is well out of it.
Both these figures take in to account services, so the actual trade figure deficits are actually much worse, but I have off set and balaced them by including financial services. The EU even wants to take a lot of financial services from the UK, which would make the deficit even worse.
These are some of the worst trading figures you will find any where and are a national disgrace, and whats worse if that we have to pay the EU, billions to sustain this massive deficit.
It must be nice to be German, with big trade surpluses with the UK and US, whilst we both pay for the priveledge and pay to defend them.
May may be overly optimistic about the better deal that can be made in the future. With this deal, the EU would have the UK under their thumb, why would they agree to better terms?
Though that might be a moot point as it is still unclear if this deal has the votes to pass.
May may be overly optimistic about the better deal that can be made in the future. With this deal, the EU would have the UK under their thumb, why would they agree to better terms?
Though that might be a moot point as it is still unclear if this deal has the votes to pass.
This is just the divorce deal and deals with three main areas, the rights of EU citizens in the UK and UK Citizens in the EU, the Border Arrangements and payment of £40 Billion by the UK to the EU as part of a settlement in relation to pensions and EU projects the UK had committed to before leaving.
Of the 556 pages in the agreement only 7 mention trade.
The trade agreement and our future relationship with the EU are the next stages.
In terms of trade, our best bet is to have a transition period and then trade under WTO Rules.
Other nations utside the EU trade perfectly well using this system.
The argument that the EU will agree to better terms in the future because of this often touted $89 billion trade surplus is nonsense. The trade surplus is there now and they are holding firm.
Realistically, as banks and other organizations move their EU operations and employees to the EU, as retirees head to Portugal, etc., as the Polish plumbers head off to the greener pastures, as the pound continues to decline in purchasing power, that $89 billion surplus will decline.
There could be some hard times ahead, but the Brits are plucky bunch. They'll not let this get them down.
Last edited by GotHereQuickAsICould; 11-21-2018 at 04:55 AM..
The argument that the EU will agree to better terms in the future because of this often touted $89 billion trade surplus is nonsense. The trade surplus is there now and they are holding firm.
Realistically, as banks and other organizations move their EU operations and employees to the EU, as retirees head to Portugal, etc., as the pound continues to decline in purchasing power, that $89 billion surplus will decline.
There could be some hard times ahead, but the Brits are plucky bunch. They'll not let this get them down.
We don't need to negotiate any deal, under WTO Rules there are automatic tariffs on many items putting them at a disadvantage to countries that we have trade deals with or those which we have cosen to lower WTO tariffs with. The EU would be keen to keep many exports and jobs but would have to negotiate with UK in order to lower tariffs.
We can very easily choose to import from other countries for a lot of goods and services, indeed in terms of agricultural produce CANZUK could more than meet our needs.
This is just the divorce deal and deals with three main areas, the rights of EU citizens in the UK and UK Citizens in the EU, the Border Arrangements and payment of £40 Billion by the UK to the EU as part of a settlement in relation to pensions and EU projects the UK had committed to before leaving.
Of the 556 pages in the agreement only 7 mention trade.
The trade agreement and our future relationship with the EU are the next stages.
In terms of trade, our best bet is to have a transition period and then trade under WTO Rules.
Other nations utside the EU trade perfectly well using this system.
We don't need to negotiate any deal, under WTO Rules there are automatic tariffs on many items putting them at a disadvantage to countries that we have trade deals with or those which we have cosen to lower WTO tariffs with. The EU would be keen to keep many exports and jobs but would have to negotiate with UK in order to lower tariffs.
We can very easily choose to import from other countries for a lot of goods and services, indeed in terms of agricultural produce CANZUK could more than meet our needs.
This is confusing. Does the UK need to negotiate a deal with the EU to lower tariffs or not?
UK could certainly import goods and services from any nation on earth. If they had the money to do so.
With foreign nationals, retirees, bank and manufacturing employees, ... hitting the road, who will exactly will be purchasing all these goods and services? Russian oligarchs and Saudi royalty? Or will they be leaving as well?
Last I read, mechanical machinery was the largest UK export. China is giving the UK a run for its money there. Don't think they won't swoop in while May is negotiating the next and better deal?
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