News45 mins ago
Uk Govt Rejects 2Nd Referendum
Can we now just get on with it?
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As I constantly keep saying (but will only be proved correct when our exit is complete) the “Norway” option (i.e. membership of the EEA) is never going to be a consideration for the UK. The EEA was designed as a waiting room for full EU membership. Norway’s electorate refused their government to proceed with that membership and Iceland’s government withdrew its application. The EEA provides all that is bad about the EU with none of the (very little) that is good.
The rest of the EU operates a huge trade surplus with the UK. It is the UK that is in a position of strength and I only hope our negotiators take such a stance. The worst – the very worst – that the EU can do is to offer no trading deal at all. That means they could slap a maximum of a 4% tariff on imports from the UK. We would probably do the same to them and since they import to us far more than we export to them we would be a net beneficiary of that. It simply isn’t going to happen.
There seems to be widespread and unjustified concern about this. It was probably not helped when Anna Soubrey declared that “…should the UK leave the EU our exports our exports to the continent will fall to almost absolutely zero.”
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Later she retracted that and said that she “may not have chosen the right words to express my concerns. I meant to say there would be great uncertainty about our future exports to the EU if we vote to leave”. So, near enough the same thing then. But of course this example of the electorate being misled is not mentioned by those clamouring for a re-run on the basis that they were told there would be £350m a week pumped into the NHS.
The UK and the EU will strike a trade deal that will be mutually beneficial to both sides and will probably be little different to that which currently exists. The difference will be that the UK can go ahead and strike trade deals with other countries. The EU has been spectacularly inept at this having spent 11 years trying to strike a deal with the USA, 9 years with India and 5 years with Canada. None of those deals are remotely near to completion. The most likely is that with Canada, but here’s the EU’s latest progress report on that deal:
“The text of the CETA agreement [Comprehensive Trade and Economic Agreement] has undergone legal revision and is now being translated into all EU official languages. Once it has been translated, the agreement will be submitted to the EU Council and the European Parliament for discussion and approval. The EU will apply the agreement only once both institutions agree.”
So, almost ready to go then !!! You can probably see from this why the UK needs to strike out on its own.
The rest of the EU operates a huge trade surplus with the UK. It is the UK that is in a position of strength and I only hope our negotiators take such a stance. The worst – the very worst – that the EU can do is to offer no trading deal at all. That means they could slap a maximum of a 4% tariff on imports from the UK. We would probably do the same to them and since they import to us far more than we export to them we would be a net beneficiary of that. It simply isn’t going to happen.
There seems to be widespread and unjustified concern about this. It was probably not helped when Anna Soubrey declared that “…should the UK leave the EU our exports our exports to the continent will fall to almost absolutely zero.”
https:/
Later she retracted that and said that she “may not have chosen the right words to express my concerns. I meant to say there would be great uncertainty about our future exports to the EU if we vote to leave”. So, near enough the same thing then. But of course this example of the electorate being misled is not mentioned by those clamouring for a re-run on the basis that they were told there would be £350m a week pumped into the NHS.
The UK and the EU will strike a trade deal that will be mutually beneficial to both sides and will probably be little different to that which currently exists. The difference will be that the UK can go ahead and strike trade deals with other countries. The EU has been spectacularly inept at this having spent 11 years trying to strike a deal with the USA, 9 years with India and 5 years with Canada. None of those deals are remotely near to completion. The most likely is that with Canada, but here’s the EU’s latest progress report on that deal:
“The text of the CETA agreement [Comprehensive Trade and Economic Agreement] has undergone legal revision and is now being translated into all EU official languages. Once it has been translated, the agreement will be submitted to the EU Council and the European Parliament for discussion and approval. The EU will apply the agreement only once both institutions agree.”
So, almost ready to go then !!! You can probably see from this why the UK needs to strike out on its own.
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