|
|
Post by buccaneer on Jan 7, 2024 22:14:32 GMT
@zany You could always trade wirh any country. That is what the WTO is for and the EU was/is a member along with every EU member in its own right. Not trade. Trade deals. Like the one we tried to get with the USA where we thought we could get a better deal than through the EU. But strangely the U.S thought the giant EU was more important than tiny UK. I thought you were scared of chlorinated chicken? The US is still the UK's largest exporting market and "The UK has signed MoUs with Indiana, North Carolina, South Carolina, Oklahoma, Utah, and now Washington. Collectively these states imported £5.1 billion of UK goods in 2022. The Government is actively engaging with further states including Florida, Texas, California, Colorado, and Illinois. Minister Ghani will also lead a delegation of 35 UK businesses attending the 2023 Boeing Supplier Showcase, handpicked by Boeing to meet with their procurement and supply chain teams. The event will showcase the best of the UK’s world leading aerospace industry as it continues to drive innovation through new technology, research and design. Aerospace will be a priority sector under the MoU, which seeks to facilitate more deals between UK and Washington State. Boeing has spent over £12 billion in the UK supply chain since 2015. Its most recent investment, a £80 million composite research facility in Sheffield, will establish new long-term partnerships and supply chains." www.gov.uk/government/news/uk-signs-sixth-us-state-deal-with-washington-state#:~:text=The%20UK%20has%20signed%20MoUs,California%2C%20Colorado%2C%20and%20Illinois. As with the CPTPP and these MoU with US states, these could not have been done while we were members of the EU. As usual, we were at the mercy of French farmers and German manufacturers and ring fenced from the RoW with high wasting costs to boot. |
|
|
|
Post by Pacifico on Jan 7, 2024 22:22:31 GMT
I think you are getting a bit confused and only looking at goods rather than the complete trading environment. In the third quarter of 2023, the United Kingdom had a trade deficit of 4.5 billion British pounds, due to a 42.7 billion pound deficit in goods trade offset by a 38 billion pound trade surplus in services. I compared like with like. The idea was that having escaped the EU we would build trade deals with the U.S and a dozen other countries. Nothing to do with the already buoyant service industry. But trade covers both goods and services - and as a developed country our trade in goods reduces over time. This applies to all developed countries whether they were in the EU or not. I can see why you want to ignore the services aspect of trade but it is a bit silly when wanting to judge the economic performance of the country. |
|
|
|
Post by Pacifico on Jan 7, 2024 22:25:36 GMT
The success or failure of Brexit is not found in trade figures which are subject to a host of variables and must be compared to the other EU members.
No that is false - and totally misunderstands the whole point of Brexit. |
|
|
|
Post by Dan Dare on Jan 7, 2024 22:33:13 GMT
What we need to see is a year-by-year figure for the UK trade balance for both goods and services expressed in 2015 sterling value, and if possible given separately for the EU and RoW. Then we might be able to have an intelligent discussion on the topic.  That's very helpful thank you.
It doesn't appear to support Vinny's proposition that Brexit has had the effect of improving Britain's chronic trade deficit. In fact it appears the 2022 deficit of £68 billion is the largest on current record.
|
|
|
|
Post by Pacifico on Jan 7, 2024 22:54:01 GMT
That's very helpful thank you.
It doesn't appear to support Vinny's proposition that Brexit has had the effect of improving Britain's chronic trade deficit. In fact it appears the 2022 deficit of £68 billion is the largest on current record.
But that is irrelevant - it's the total deficit that matters to us not who it is with. Currently our deficit is lower than it was in 2010 - so as a measure of success or failure seems we are doing OK. |
|
|
|
Post by Vinny on Jan 7, 2024 23:05:20 GMT
Total trade deficit, taking into account all trading partners, 2.5 percent.
UK EU trade deficit as a percentage again is lower than in 2015.
Independence is working.
|
|
|
|
Post by zanygame on Jan 8, 2024 7:32:19 GMT
Total trade deficit, taking into account all trading partners, 2.5 percent. UK EU trade deficit as a percentage again is lower than in 2015. Independence is working. Well who knows if financial services would have grown anyway and made us far richer. But you can use their growth to hide the failure in growing trade across the world as we left the EU if you want. I have to tell you not many people agree with you nowadays. |
|
|
|
Post by Totheleft on Jan 8, 2024 8:09:35 GMT
Total trade deficit, taking into account all trading partners, 2.5 percent. UK EU trade deficit as a percentage again is lower than in 2015. Independence is working. Well who knows if financial services would have grown anyway and made us far richer. But you can use their growth to hide the failure in growing trade across the world as we left the EU if you want. I have to tell you not many people agree with you nowadays. Zany mate it's just then Usal spin put by vinny and other Brexiteers we've had 40yr high inflation rate because of Brexit . The main driver of that inflation is the hike in food prices I think because with been unable to get cheap food imports from the EU. We had constant interest rates since Brexit by the Bank of England to try and manage the inflation . |
|
|
|
Post by Pacifico on Jan 8, 2024 8:20:03 GMT
Well who knows if financial services would have grown anyway and made us far richer. But you can use their growth to hide the failure in growing trade across the world as we left the EU if you want. I have to tell you not many people agree with you nowadays. Zany mate it's just then Usal spin put by vinny and other Brexiteers we've had 40yr high inflation rate because of Brexit . The main driver of that inflation is the hike in food prices I think because with been unable to get cheap food imports from the EU.
We had constant interest rates since Brexit by the Bank of England to try and manage the inflation . How would that work? - food inflation in the EU was higher than in the UK.. |
|
|
|
Post by oracle75 on Jan 8, 2024 8:22:49 GMT
The success or failure of Brexit is not found in trade figures which are subject to a host of variables and must be compared to the other EU members.
No that is false - and totally misunderstands the whole point of Brexit. Not when you are trying to justify Brexit by growth figures. |
|
|
|
Post by Vinny on Jan 8, 2024 8:26:24 GMT
Total trade deficit, taking into account all trading partners, 2.5 percent. UK EU trade deficit as a percentage again is lower than in 2015. Independence is working. Well who knows if financial services would have grown anyway and made us far richer. But you can use their growth to hide the failure in growing trade across the world as we left the EU if you want. I have to tell you not many people agree with you nowadays. Financial services are growing and the service exports to the rest of the world are growing. It is working, stop getting worked up. Our trade with the rest of the world has grown which is why the global trade deficit is now 2.5 percent. Back in 2015 things were abysmal, yet Europhiles were delighted with the shockingly bad trade deficits and industrial decline of our country. Things are changing. More needs to be done but things are already a lot better. |
|
|
|
Post by Pacifico on Jan 8, 2024 8:38:38 GMT
No that is false - and totally misunderstands the whole point of Brexit. Not when you are trying to justify Brexit by growth figures. Er - the thread was started by a remainer who is using growth figures to 'prove' that Brexit has failed. As has been shown - the growth figures fail to prove that and it misses the point of Brexit anyway. |
|
|
|
Post by jonksy on Jan 8, 2024 8:42:03 GMT
Not when you are trying to justify Brexit by growth figures. Er - the thread was started by a remainer who is using growth figures to 'prove' that Brexit has failed. As has been shown - the growth figures fail to prove that and it misses the point of Brexit anyway. 8 years have past and still the remainers are crying in their soup.
Eurozone slump proves Britain was right all along to quit bloc, says Brexiteer.
|
|
|
|
Post by jonksy on Jan 8, 2024 8:42:55 GMT
Manufacturers say UK becoming more competitive as global hub, survey finds..
|
|
|
|
Post by see2 on Jan 8, 2024 8:45:36 GMT
LOL except they aren't, but really what you are saying is the majority of the UK are thinking of the EU in a positive light. Personally, I reckon the Westminster party and its entourage have set about making such a hash of democracy, that they are trying to make the EU the better option. The EU practices Representative Democracy, same as the UK. |
|
