A hard brexit trade proposal


Interestingly the talk in The Times is that everyone in government is going for free trade except Gove who has been got at by the farmers who desperately want protection.
Indeed the NFU has been briefing against Brexit from the beginning. The scare stories the staff on the estate come out with can only come from one source. Its sad really!
Indeed the NFU has been briefing against Brexit from the beginning. The scare stories the staff on the estate come out with can only come from one source. Its sad really!
Well the CAP is the biggest government sponsorship of loss making industry ever. It makes running coal mines and car factories and nationalised railways look like chicken feed. So it's hardly surprising that they're scared, but if NZ can manage it [a country that is effectively nothing but farms] I'm sure we can. I have a relative who worked in the NZ Min of Ag and Fish negotiating trade deals for NZ meat exports, his comment was "The world isn't over supplied with food you just need to work out who wants something you can produce".
Published by: Fiona Cincotta, CityIndex, FXSTREET, 06 March 2019.

Carney: Britain better prepared for no-deal Brexit.

Britain is now better prepared for a no-deal Brexit than a few months ago and if the abrupt departure from the EU still materializes it may end up being a disorderly event rather than a disruptive one, according to BoE governor Mark Carney. Briefing a House of Lords committee yesterday he said that authorities have taken steps to protect derivative markets, reduce financial risk and minimize trade frictions.

Sterling traders seem to be echoing that view with the pound trading above $1.31, although the currency did weaken this morning against both the dollar and the euro. This weakening process, however, has more to do with a longer term economic outlook for Britain and the current level of inflation that remains above the BoE’s target than with Brexit. Carney noted that investors had not priced in enough monetary tightening ahead and that the bank might have to send a clearer signal to the market about the future direction of interest rates.


Carney: Britain better prepared for no-deal Brexit
Published by: Allister Heath, the Telegraph, on 06 March 2019.

'A clean break with the EU is the only sustainable solution'.

If the Treasury was being honest, it would admit that EU membership has made little difference to our prosperity

Like almost everybody who voted for Brexit, I wanted to leave the EU with a trade deal. I certainly assumed that we would: it is in both sides’ interests, and EU manufacturers and farmers do especially well from the present arrangements.

I thought the Government would negotiate robustly and sensibly, following Vote Leave’s advice not to trigger Article 50 until the outlines of a deal had been agreed, all the while preparing for a hard exit. I expected the EU to realise that a refusal to play ball would mean a calamitous financial, defence and security hit.

It wasn’t to be. The abject lack of leadership provided by the Prime Minister, the Government’s staggering refusal to leverage the UK’s strengths, its bovine nastiness on the rights of EU citizens and, of course, the fact that so many on the UK side were trying to reverse Brexit, all combined to deliver the greatest failure of British statecraft since Suez.

The EU was emboldened into laying a series of traps into which we jumped enthusiastically, with what ought to have been the minor issue of Northern Ireland’s border turned into a case study in technocratic sabotage.

What now? Tory Remainers are in full swing, threatening either a delay or permanent membership of the customs union and single market – in other words, no Brexit – if MPs don’t sign up to the Prime Minister’s appalling deal. We must hope that, against all the odds, Parliament doesn’t fall for this madness.

Like most Leave voters, my position has hardened. I still don’t relish the idea of leaving without a deal, but I’m now, for the first time, reconciled to doing so. As matters stand, a so-called no-deal (in reality, we’ve already agreed lots of mini-deals) would be our least bad option. It wouldn’t be pretty, especially for one or two industries, but would probably cost just 1-2 per cent of GDP . . .



Book Reviewer
Moving forward

Liam Fox has confounded his critics by signing a “trade continuity deal”...

....with Papua New Guinea and Fiji

Fox: “I am delighted.”

Similar threads

Latest Threads