Brexit, The Economy and House Prices (Part 2)

setmefree2

US and UK to start trade talks next month to ensure deal soon after Brexit

Trade talks with the US will kick off next month as British officials start to scope out plans for a deal, with the aim of setting up a free trade agreement as soon as possible after Brexit. Liam Fox, the secretary for international trade, is in Washington to meet US commerce secretary Wilbur Ross and US trade representative Robert Lighthizer, discussing trade and investment between the two countries.
“We’re not allowed to conclude any negotiations as long as we’re part of the EU, but of course we are allowed to scope out the future relationship that we will require as we do leave,” Mr Fox told an audience at the Select USA Investment Summit.
We have trade working groups already set up to do the preliminary scoping out of that work, and the first meeting will be in July this year.”
Mr Ross, speaking alongside Mr Fox, said that “from the US side, we’ve made it clear that we are prepared to begin as soon as the UK is ready.”
The US secretary of commerce said that Britain and the US are similar technology-economies with comparable levels of pay and a strong adherence to the rule of law, which he believes makes them good trading partners.

Mr Fox said he wants to make sure the relationship between the UK and the US does not worsen when the UK leaves the EU, as Brussels has struck deals with Washington which Britain does not want to lose when Brexit happens.
“The US has a number of agreements with the EU on on economics, on security, and on trade that the UK is party to at the moment and we will want to ensure we continue those as we leave the EU so there is no disruption to trade and to markets, it is very important that we do so,” he said, speaking at the Gaylord National Resort and Convention Center in Washington DC.
“Beyond that, we can look at new opportunities. The more we’re able to liberalise our economies, the more attractive we become for investment, the bigger the trade is likely to be between us, and ultimately, the most important thing, the greater the prosperity we can offer our people. Ultimately we all want to spend money on healthcare, infrastructure and education, but you have to generate the wealth first.”
In making the case for free trade, Mr Fox’s words also chime with those of his colleague Philip Hammond.

http://www.telegraph.co.uk/business/2017/06/20/us-uk-start-trade-talks-next-month-ensure-deal-soon-brexit/

CKhalvashi

Setmefree - I have no intention of dealing with the US though, I have the full intention to continue selling to EU companies, and buying from EU companies.

The US market would be very profitable, however it's too big a plan, too expensive to implement (marketing is a lot more expensive to start) and generally not a right match for us.

Sort me a solution to that please

Fella

mayonnaise wrote: »

https://www.theguardian.com/business/2017/jun/20/carmakers-interim-brexit-eu-deal-risk-falling-off-cliff-edge-single-market-customs-union

We're going to have to make our mind up, and quickly.
Do we pander to toothless disaffected brexiteers with absolutely no stake in society....or do we put our economy first.

You think over 17 million people have "absolutely no stake in society"?

You shouldn't fret so much over the economy, it'll be fine. Don't let EU officials & the likes of The Guardian scare you.

If the Guardian actually represented even a small chunk of mainstream thinking it wouldn't be going bust. Circulation is approx 150,000, less than a tenth of even the hated Daily Mail.

setmefree2

DR LIAM FOX has secured a key Brexit victory by ensuring a proposed trade bill will be included in the delayed Queen’s Speech.

http://www.express.co.uk/news/politics/819187/liam-fox-brexit-trade-bill-queens-speech-eu-negotiations

mayonnaise

setmefree2 wrote: »

http://www.telegraph.co.uk/business/2017/06/20/us-uk-start-trade-talks-next-month-ensure-deal-soon-brexit/

Trade talks with the US will kick off next month as British officials start to scope out plans for a deal, with the aim of setting up a free trade agreement as soon as possible after Brexit. Liam Fox, the secretary for international trade, is in Washington to meet US commerce secretary Wilbur Ross...

Let's meet Wilbur Ross:

Wilbur Ross, President-elect Donald Trump's pick for Commerce secretary, has urged other countries to exploit the "God-given opportunity" to steal business from the U.K.

He further added that Britain's departure from the European Union was a "God-given opportunity" for the City's financial rivals, especially Frankfurt and Dublin in particular.

If confirmed as Commerce secretary, Ross would be among those responsible for negotiating a free trade deal with the U.K. But his comments have sparked speculation that the U.S. may seek to exploit the uncertainty created by Brexit in order to lure business away from London.

http://www.cnbc.com/2016/12/27/brexit-is-a-god-given-opportunity-to-steal-trade-from-uk-wilbur-ross.html

We are so screwed.

setmefree2

Wilbur Ross met International Trade Secretary Liam Fox in Washington yesterday to discuss mutual investment opportunities.
The UK Government has made a deal with the US one of its main targets for post-Brexit trade deals.

Mr Ross said those discussions had “got off to a good start” and would have a “happy finish”

https://www.politicshome.com/news/world/united-states/news/86834/%E2%80%98i-cant-even-imagine-negotiating-corbyn%E2%80%99-us-commerce-secretary

setmefree2

UK house prices fell by 0.4% in June

Rightmove

https://www.propertyforum.com/property-in-the-uk/uk-house-prices-fell-0-4-june.html

mayonnaise

Fella wrote: »

You think over 17 million people have "absolutely no stake in society"?

You shouldn't fret so much over the economy, it'll be fine. Don't let EU officials & the likes of The Guardian scare you.

If the Guardian actually represented even a small chunk of mainstream thinking it wouldn't be going bust. Circulation is approx 150,000, less than a tenth of even the hated Daily Mail.

If you have a problem with the Guardian, here's the same message in the Telegraph. Happy now?

http://www.telegraph.co.uk/business/2017/06/20/car-makers-cry-interim-brexit-deal-stop-industry-falling-cliff/

cogito

Herzlos wrote: »

He also said we wouldn't settle the divorce bill first, and changed his mind on that pretty quickly. Will he flip-flop on this, too?

You obviously haven't read the whole article. Davis asked the EU to explain the legal basis for their financial demand. It appears that he didn't get an answer.

setmefree2

In Brexit boost, Jaguar Land Rover to hire 5,000 staff

https://www.reuters.com/article/jaguarlandrover-jobs-idUSL8N1JF0Q7